San Francisco-based Prologis, Inc. (PLD) operates in the logistics real estate. With a market cap of $104.9 billion, Prologis is the global leader in its space and focuses on high-barrier, high-growth markets. The company leases logistics facilities to a diverse customer base across B2B and retail/online fulfillment categories. The real estate giant is expected to release its fiscal Q2 earnings for 2024 before the market opens on Wednesday, July 17.
Ahead of the event, analysts expect Prologis to report a profit of $1.33 per share, down a massive 27.3% from $1.83 per share reported in the year-ago quarter. The company has surpassed Wall Street’s EPS estimates twice and met them on two other occasions in the last four quarters. Its EPS of $1.28 for the last reported quarter met the Wall Street estimates. Prologis reported a double-digit jump in rental revenue, leading to an increase in overall revenues in the previous quarter.
