Sometimes it’s just fun to cut through the words and look at the numbers.
Data from the 2020 10-year census is starting to trickle in....
Prologis Inc. (NYSE: PLD) said on Monday that its profit and revenue in the fiscal first quarter came in better than expected. The company also raised its guidance for the full financial year on the back of robust demand. Prologis shares that you can learn to buy online here slid roughly 0.5% in premarket trading on Monday and lost another close to 1% on market open. The stock is now trading at £80 per share versus £68.66 per share at the start of the year. Prologis Q1 financial results versus analysts’ estimates Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. Prologis said that its net earnings printed at £262.47 million in the first quarter that translates to 35.14 pence per share. In the comparable quarter of last year, its net earnings stood at a higher £350.67 million, or 50.20 pence per share. Adjusted for one-time items, its per-share funds from operations (FFO) registered at 69.59 pence in Q1 versus the year-ago figure of 59.52 pence per share. Prologis generated £820 million of total revenue in the recent quarter that represents an annualised growth of 17.4%. According to FactSet, experts had forecast the company to post £707.52 million of total revenue in the first quarter. Their estimate for per-share earnings was capped at a slightly lower 67.41 pence per share. As per the real estate investment trust, average occupancy in the first quarter registered at 95.4% versus 95.8% in Q4. Retention also fell from 78.4% to 69.1%. For the full financial year, Prologis raised its guidance on Monday for per-share funds from operations on an adjusted basis to up to £2.87. In its earlier guidance, it had expected up to £2.85 instead. Tip: looking for an app to invest wisely? Trade safely by signing-up with our preferred choice, eToro: visit & create account Chief Executive Hamid Moghadam’s comments on Monday CEO Hamid R. Moghadam commented on the financial update on Monday and said: “The robust demand from the fourth quarter has carried into 2021 and is as strong as I have seen in my career. Global supply chains are pushing to keep pace with accelerating economic activity, retooling for faster fulfilment and resilience.” In separate news from the United States, GameStop said its Chief Executive George
Patong beach in Phuket is deserted because of the pandemic. APINYA WIPATAYOTIN PHUKET: With the pandemic ravaging the tourism industry and slowing the property market on the islands, a local developer is pivoting to a guaranteed yield strategy, aiming to sell to buyers and rent to uncertain workers.Thanusak Phungdet, president of Phuket-based property developer VIP JD Group Co, said the Phuket market has been stagnant since March 2020 after the province was temporarily closed and tourism activities halted. "Foreign buyers cannot fly to Phuket," he said. "Many property projects were delayed or frozen until borders are reopened. If quarantine is not required for vaccinated tourists, the market will definitely resume." Mr Thanusak, also president of the Phuket Chamber of Commerce, said the property market grew in tandem with the healthy tourism sector. If tourism does not rebound to the same level as in 2019, the property market will be slow to recover, he said. The Phuket Tourism Association reported tourist arrivals to the province totalled more than 14.5 million