Top-News
Dienstag,
23.01.2018 14:05
von
PR Newswire
| Aufrufe: 60
Prologis Reports Fourth Quarter and Full Year 2017 Earnings Results
Mehrere LKW auf einem Parkplatz. (Symbolbild)
© TomasSereda / iStock / Getty Images Plus / Getty Images
http://www.gettyimages.de
PR Newswire
SAN FRANCISCO, Jan. 23, 2018
SAN FRANCISCO, Jan. 23, 2018 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today reported results for the fourth quarter and full year 2017.
Net earnings per diluted share was $0.55 for the quarter and $3.06 for the year compared with $0.82 and $2.27 for the same periods in 2016. The year-over-year increase is principally due to higher gains on real estate transactions, stronger operating results and higher net promote income.
Core funds from operations* per diluted share was $0.67 for the quarter and $2.81 for the year compared with $0.63 and $2.57 for the same periods in 2016. The year-over-year increase is due primarily to stronger operating results and higher net promote income.
"Our results are a testament to our high-quality portfolio, proven strategy and strong execution by our global team," said Hamid R. Moghadam, chairman and CEO, Prologis. "We are starting 2018 with even more embedded rental upside than we had last year. Looking forward, it's all about using our scale and expertise to drive organic growth, put our global land bank to work and deliver further value from our customer relationships."
OPERATING RESULTS REMAIN EXCELLENT
| Owned & Managed | 4Q17 | 4Q16 | Notes |
| Period End Occupancy | 97.2% | 97.1% | Record and led by the U.S. at 98.0% |
| Leases Signed | 42MSF | 39MSF | |
| | |||
| | |||
| Prologis Share | 4Q17 | 4Q16 | Notes |
| Net Effective Rent Change | 19.0% | 16.0% | Led by the U.S. at 29.8% |
| Cash Rent Change | 8.8% | 7.0% | |
| Net Effective Same Store NOI* | 4.1% | 3.2% | Led by the U.S. at 5.4% |
| Cash Same Store NOI* | 5.5% | 4.4% | Led by the U.S. at 6.8% |
STRONG CUSTOMER RELATIONSHIPS DRIVE RECORD BUILD-TO-SUIT ACTIVITY
| Prologis Share | 4Q17 | FY2017 |
| Building Acquisitions | $79M | $185M |
| Weighted avg stabilized cap rate | 5.6% | 5.6% |
| Development Stabilizations | $525M | $2,037M |
| Estimated weighted avg yield | 6.9% | 6.6% |
| Estimated weighted avg margin | 29.0% | 28.6% |
| Estimated value creation | $152M | $583M |
| % Build-to-suit | 46.4% | 34.9% |
| Development Starts | $692M | $2,332M |
| Estimated weighted avg margin | 19.5% | 19.1% |
| Estimated value creation | $135M | $446M |
| % Build-to-suit | 43.3% | 47.1% |
| Dispositions and Contributions | $839M | $2,528M |
| Weighted avg stabilized cap rate (excluding land and other real estate) | 6.0% | 5.5% |
BEST-IN-CLASS BALANCE SHEET PRIMED FOR GROWTH
During the fourth quarter, Prologis and its co-investment ventures completed $1.9 billion of refinancings and redeemed $788 million of near-term bonds. For the full year, on a look-through basis, the company reduced its leverage by 340 basis points to 23.7 percent on a market capitalization basis and improved its debt-to-adjusted EBITDA* by approximately 0.2x to 4.6x.
COMPANY ESTABLISHES 2018 EARNINGS GUIDANCE RANGES
The company established a guidance range for net earnings per diluted share of $2.10 to $2.25 and a range for Core FFO* per diluted share of $2.85 to $2.95.
"Strong operating fundamentals will translate to robust earnings growth in 2018," said Thomas S. Olinger, chief financial officer, Prologis. "Fueled by same store NOI growth, Core FFO, excluding promotes, is expected to increase 7 percent at the midpoint. This represents very strong growth, given that we anticipate further delevering of our already conservative balance sheet."
| 2018 GUIDANCE | ||
| | ||
| Earnings (per diluted share) | ||
| Net Earnings | $2.10 to $2.25 | |
| Core FFO* | $2.85 to $2.95 | |
| | ||
| Operations | ||
| Year-end occupancy | 96.0% to 97.0% | |
| Net Effective Same Store NOI – Prologis share* | 4.0% to 5.0% | |
| | ||
| Other Assumptions (in millions) | ||
| Strategic capital revenue, excl. promote revenue Werbung Mehr Nachrichten zur Prologis Aktie kostenlos abonnieren
E-Mail-Adresse
Bitte überprüfe deine die E-Mail-Adresse.
Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1  Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News | ||
