Prologis is investing billions developing new properties to meet expected increases in demand.
Prologis finished off another solid quarter, earning core funds from operations per share of $0.60, up 15% year over year, resulting from 5.3% same-store cash net operating income growth on strong ending occupancy of 96.1%, 17.8% net effective rent growth on lease rollovers, and 3.8% rent growth. We are maintaining our $41 per share fair value estimate and no-moat rating.Given the high level of uncertainty from Britain's recent vote to leave the European Union and the company's exposure to the ...
Prologis is a self-administered and self-managed real estate investment trust and is the sole general partner of Prologis, L.P. The company owns, manages and develops logistics facilities, with a focus on the consumption side of the global supply chain. Most of the company's properties in the United States are wholly owned, while its properties outside the United States are primarily held in co-investment ventures. The company has two segments: Real Estate Operations, which represents the ownership and development of operating properties, and includes land held for development and properties under development; and Strategic Capital, which represents the management of unconsolidated co-investment ventures.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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