Subtext

Prologis, Inc. PLD

SectorReal Estate
Transcripts69
Date range2008-04-24 – 2025-04-16
Calls charted69

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-15-7+0+7+152008 Q12010 Q22012 Q32014 Q42017 Q12019 Q22021 Q32023 Q42008 Q1 · Overall: +6.02008 Q2 · Overall: +4.62008 Q3 · Overall: +3.62008 Q4 · Overall: +0.32009 Q1 · Overall: -1.62009 Q2 · Overall: -2.12009 Q3 · Overall: +0.92009 Q4 · Overall: +1.12010 Q1 · Overall: +2.32010 Q2 · Overall: +0.02010 Q3 · Overall: +4.02010 Q4 · Overall: +5.82011 Q1 · Overall: +6.92011 Q2 · Overall: +9.32011 Q3 · Overall: +6.82011 Q4 · Overall: +3.82012 Q1 · Overall: +7.42012 Q2 · Overall: +6.62012 Q3 · Overall: +2.02012 Q4 · Overall: +10.62013 Q1 · Overall: +5.72013 Q2 · Overall: +4.82013 Q3 · Overall: +1.92013 Q4 · Overall: +1.62014 Q1 · Overall: +5.82014 Q2 · Overall: +5.92014 Q3 · Overall: +12.72014 Q4 · Overall: +3.82015 Q1 · Overall: +1.82015 Q2 · Overall: +2.62015 Q3 · Overall: +7.62015 Q4 · Overall: +5.12016 Q1 · Overall: +2.02016 Q2 · Overall: +7.22016 Q3 · Overall: +6.92016 Q4 · Overall: +1.72017 Q1 · Overall: +1.62017 Q2 · Overall: +5.12017 Q3 · Overall: +3.22017 Q4 · Overall: +2.02018 Q1 · Overall: +2.52018 Q2 · Overall: +1.32018 Q3 · Overall: +5.02018 Q4 · Overall: -3.42019 Q1 · Overall: +5.02019 Q2 · Overall: +1.62019 Q3 · Overall: -0.72019 Q4 · Overall: +1.92020 Q1 · Overall: -6.42020 Q2 · Overall: -2.22020 Q3 · Overall: -3.32020 Q4 · Overall: -0.62021 Q1 · Overall: +5.32021 Q2 · Overall: +3.32021 Q3 · Overall: +2.82021 Q4 · Overall: +1.32022 Q1 · Overall: +2.92022 Q2 · Overall: -0.92022 Q3 · Overall: -4.52022 Q4 · Overall: -2.12023 Q1 · Overall: -5.12023 Q2 · Overall: -5.42023 Q3 · Overall: -3.42023 Q4 · Overall: +1.72024 Q1 · Overall: -3.12024 Q2 · Overall: -0.32024 Q3 · Overall: -0.72024 Q4 · Overall: -3.32025 Q1 · Overall: -7.2
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-29-14+0+14+292008 Q12010 Q22012 Q32014 Q42017 Q12019 Q22021 Q32023 Q42008 Q1 · CEO: +15.42008 Q2 · CEO: +6.22008 Q3 · CEO: +12.72008 Q4 · CEO: -3.52009 Q1 · CEO: -0.92009 Q2 · CEO: -2.82009 Q3 · CEO: +2.52009 Q4 · CEO: +5.12010 Q1 · CEO: +4.22010 Q3 · CEO: +10.92010 Q4 · CEO: +7.42011 Q1 · CEO: +7.32011 Q2 · CEO: +13.72011 Q3 · CEO: +7.62011 Q4 · CEO: +5.42012 Q1 · CEO: +10.02012 Q2 · CEO: +8.82012 Q3 · CEO: +5.82012 Q4 · CEO: +11.52013 Q1 · CEO: +9.92013 Q2 · CEO: +9.52013 Q3 · CEO: +3.22013 Q4 · CEO: +10.72014 Q1 · CEO: +8.92014 Q2 · CEO: +5.32014 Q3 · CEO: +9.42014 Q4 · CEO: +2.22015 Q1 · CEO: +6.32015 Q2 · CEO: +3.32015 Q3 · CEO: +6.72015 Q4 · CEO: +7.02016 Q1 · CEO: +5.52016 Q2 · CEO: +9.02016 Q3 · CEO: +7.02016 Q4 · CEO: +3.12017 Q1 · CEO: +3.52017 Q2 · CEO: +9.32017 Q3 · CEO: +6.32017 Q4 · CEO: +6.12018 Q1 · CEO: +1.02018 Q2 · CEO: +4.52018 Q3 · CEO: +10.52018 Q4 · CEO: +0.32019 Q1 · CEO: +7.72021 Q1 · CEO: +4.72022 Q1 · CEO: +7.82022 Q2 · CEO: +1.72022 Q3 · CEO: -3.62022 Q4 · CEO: -0.32023 Q1 · CEO: -2.72023 Q2 · CEO: -0.92023 Q3 · CEO: +0.92024 Q1 · CEO: -0.62024 Q2 · CEO: -1.12024 Q4 · CEO: -2.42025 Q1 · CEO: -9.12008 Q1 · CFO: +5.32008 Q2 · CFO: +7.82008 Q3 · CFO: +0.82008 Q4 · CFO: +5.52009 Q1 · CFO: -0.92009 Q2 · CFO: +1.92009 Q3 · CFO: +5.82009 Q4 · CFO: -0.92010 Q1 · CFO: +1.72010 Q3 · CFO: +5.82010 Q4 · CFO: +16.02011 Q1 · CFO: +21.42011 Q2 · CFO: +13.92011 Q3 · CFO: +16.32011 Q4 · CFO: +24.12012 Q1 · CFO: +7.22012 Q2 · CFO: +13.92012 Q3 · CFO: +1.92012 Q4 · CFO: +25.22013 Q1 · CFO: +9.92013 Q2 · CFO: +7.12013 Q3 · CFO: +9.12013 Q4 · CFO: +2.12014 Q1 · CFO: +8.42014 Q2 · CFO: +10.82014 Q3 · CFO: +12.52014 Q4 · CFO: +13.62015 Q1 · CFO: +6.52015 Q2 · CFO: +6.22015 Q3 · CFO: +7.62015 Q4 · CFO: +7.02016 Q1 · CFO: +7.52016 Q2 · CFO: +8.22016 Q3 · CFO: +10.12016 Q4 · CFO: +13.52017 Q1 · CFO: +5.32017 Q2 · CFO: +10.12017 Q3 · CFO: +8.42017 Q4 · CFO: +8.72018 Q1 · CFO: +10.72018 Q2 · CFO: +9.72018 Q3 · CFO: +6.82018 Q4 · CFO: +5.92019 Q1 · CFO: +6.42019 Q2 · CFO: +11.72019 Q3 · CFO: +6.02019 Q4 · CFO: +2.42020 Q1 · CFO: -8.82020 Q2 · CFO: -3.02020 Q3 · CFO: -1.12020 Q4 · CFO: +10.42021 Q1 · CFO: +15.92021 Q2 · CFO: +7.32021 Q3 · CFO: +2.32021 Q4 · CFO: +6.62022 Q1 · CFO: +6.82022 Q2 · CFO: +11.22022 Q3 · CFO: +3.22022 Q4 · CFO: +1.32023 Q1 · CFO: +1.72023 Q2 · CFO: +2.32023 Q3 · CFO: +1.42023 Q4 · CFO: +6.52024 Q1 · CFO: +1.92024 Q2 · CFO: +9.22024 Q3 · CFO: +11.42024 Q4 · CFO: +6.32025 Q1 · CFO: -8.6
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-34-17+0+17+342008 Q12010 Q22012 Q32014 Q42017 Q12019 Q22021 Q32023 Q42008 Q1 · Prepared remarks: +5.82008 Q2 · Prepared remarks: +11.72008 Q3 · Prepared remarks: +2.52008 Q4 · Prepared remarks: -0.92009 Q1 · Prepared remarks: -1.42009 Q2 · Prepared remarks: +2.42009 Q3 · Prepared remarks: +4.22009 Q4 · Prepared remarks: +3.52010 Q1 · Prepared remarks: +11.32010 Q2 · Prepared remarks: +0.02010 Q3 · Prepared remarks: +10.12010 Q4 · Prepared remarks: +12.32011 Q1 · Prepared remarks: +12.52011 Q2 · Prepared remarks: +29.32011 Q3 · Prepared remarks: +18.02011 Q4 · Prepared remarks: +15.02012 Q1 · Prepared remarks: +17.52012 Q2 · Prepared remarks: +12.52012 Q3 · Prepared remarks: +11.52012 Q4 · Prepared remarks: +19.92013 Q1 · Prepared remarks: +16.22013 Q2 · Prepared remarks: +18.92013 Q3 · Prepared remarks: +10.52013 Q4 · Prepared remarks: +8.42014 Q1 · Prepared remarks: +17.52014 Q2 · Prepared remarks: +4.82014 Q3 · Prepared remarks: +17.72014 Q4 · Prepared remarks: +17.42015 Q1 · Prepared remarks: +14.72015 Q2 · Prepared remarks: +13.12015 Q3 · Prepared remarks: +8.02015 Q4 · Prepared remarks: +12.52016 Q1 · Prepared remarks: +13.92016 Q2 · Prepared remarks: +11.72016 Q3 · Prepared remarks: +16.42016 Q4 · Prepared remarks: +10.22017 Q1 · Prepared remarks: +10.42017 Q2 · Prepared remarks: +10.02017 Q3 · Prepared remarks: +10.12017 Q4 · Prepared remarks: +13.32018 Q1 · Prepared remarks: +21.02018 Q2 · Prepared remarks: +8.72018 Q3 · Prepared remarks: +18.02018 Q4 · Prepared remarks: +2.32019 Q1 · Prepared remarks: +11.12019 Q2 · Prepared remarks: +18.62019 Q3 · Prepared remarks: +13.62019 Q4 · Prepared remarks: +3.72020 Q1 · Prepared remarks: -1.22020 Q2 · Prepared remarks: +0.62020 Q3 · Prepared remarks: +9.42020 Q4 · Prepared remarks: +13.02021 Q1 · Prepared remarks: +5.62021 Q2 · Prepared remarks: +6.72021 Q3 · Prepared remarks: +2.52021 Q4 · Prepared remarks: +13.52022 Q1 · Prepared remarks: +12.72022 Q2 · Prepared remarks: +8.72022 Q3 · Prepared remarks: +5.22022 Q4 · Prepared remarks: +1.12023 Q1 · Prepared remarks: +1.12023 Q2 · Prepared remarks: +7.62023 Q3 · Prepared remarks: +8.02023 Q4 · Prepared remarks: +7.62024 Q1 · Prepared remarks: +4.32024 Q2 · Prepared remarks: +10.72024 Q3 · Prepared remarks: +15.12024 Q4 · Prepared remarks: +7.92025 Q1 · Prepared remarks: -1.02008 Q1 · Q&A responses: +7.52008 Q2 · Q&A responses: +0.32008 Q3 · Q&A responses: +8.72008 Q4 · Q&A responses: +1.42009 Q2 · Q&A responses: -1.92009 Q3 · Q&A responses: +1.52009 Q4 · Q&A responses: +2.12010 Q1 · Q&A responses: +0.52010 Q3 · Q&A responses: +5.62010 Q4 · Q&A responses: +4.62011 Q1 · Q&A responses: +6.42011 Q2 · Q&A responses: +5.22011 Q3 · Q&A responses: +3.82011 Q4 · Q&A responses: +3.02012 Q1 · Q&A responses: +5.52012 Q2 · Q&A responses: +1.32012 Q3 · Q&A responses: +1.62012 Q4 · Q&A responses: +10.02013 Q1 · Q&A responses: +4.42013 Q2 · Q&A responses: +2.42013 Q3 · Q&A responses: +1.62013 Q4 · Q&A responses: +4.32014 Q1 · Q&A responses: +5.32014 Q2 · Q&A responses: +10.92014 Q3 · Q&A responses: +11.62014 Q4 · Q&A responses: +3.02015 Q1 · Q&A responses: +1.22015 Q2 · Q&A responses: +0.22015 Q4 · Q&A responses: +2.52016 Q1 · Q&A responses: +2.12016 Q2 · Q&A responses: +6.42016 Q3 · Q&A responses: +5.52016 Q4 · Q&A responses: +4.82017 Q1 · Q&A responses: +2.12017 Q2 · Q&A responses: +9.42017 Q3 · Q&A responses: +1.62017 Q4 · Q&A responses: +4.32018 Q1 · Q&A responses: +0.52018 Q2 · Q&A responses: +1.52018 Q3 · Q&A responses: +6.92018 Q4 · Q&A responses: +0.82019 Q1 · Q&A responses: +5.32019 Q2 · Q&A responses: +1.52019 Q3 · Q&A responses: +0.72019 Q4 · Q&A responses: +6.52020 Q1 · Q&A responses: -4.52020 Q2 · Q&A responses: +0.62020 Q3 · Q&A responses: -2.82020 Q4 · Q&A responses: +1.92021 Q2 · Q&A responses: +5.22021 Q3 · Q&A responses: +6.22021 Q4 · Q&A responses: -0.62022 Q1 · Q&A responses: +5.42022 Q2 · Q&A responses: +2.32022 Q3 · Q&A responses: -3.12022 Q4 · Q&A responses: +2.52023 Q1 · Q&A responses: -1.82023 Q2 · Q&A responses: -2.42023 Q3 · Q&A responses: -1.82023 Q4 · Q&A responses: +5.42024 Q1 · Q&A responses: +0.22024 Q2 · Q&A responses: -1.32024 Q3 · Q&A responses: -1.52024 Q4 · Q&A responses: -2.02025 Q1 · Q&A responses: -9.1
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$0.06$1.88$3.702008 Q12010 Q22012 Q32014 Q42017 Q12019 Q22021 Q32023 Q42014 Q1: $0.322014 Q2: $0.342014 Q3: $0.392014 Q4: $0.462015 Q1: $0.692015 Q2: $0.972015 Q3: $1.042015 Q4: $0.672016 Q1: $0.572016 Q2: $1.012016 Q3: $1.152016 Q4: $1.072017 Q1: $1.192017 Q2: $1.262017 Q3: $1.562017 Q4: $1.502018 Q1: $1.502018 Q2: $1.832018 Q3: $1.882018 Q4: $1.582019 Q1: $1.432019 Q2: $1.702019 Q3: $1.562019 Q4: $1.512020 Q1: $1.572020 Q2: $1.822020 Q3: $1.342020 Q4: $1.172021 Q1: $1.802021 Q2: $2.092021 Q3: $2.222021 Q4: $2.312022 Q1: $2.812022 Q2: $3.452022 Q3: $3.432022 Q4: $2.882023 Q1: $2.812023 Q2: $2.882023 Q3: $2.852023 Q4: $2.632024 Q1: $2.612024 Q2: $2.672024 Q3: $3.212024 Q4: $3.34

Forward P/E

23.4379.08134.732008 Q12010 Q22012 Q32014 Q42017 Q12019 Q22021 Q32023 Q42014 Q1: 127.052014 Q2: 119.942014 Q3: 98.802014 Q4: 92.132015 Q1: 63.502015 Q2: 40.622015 Q3: 36.352015 Q4: 63.162016 Q1: 74.592016 Q2: 49.392016 Q3: 44.692016 Q4: 48.372017 Q1: 42.522017 Q2: 45.722017 Q3: 41.102017 Q4: 43.842018 Q1: 42.152018 Q2: 35.102018 Q3: 35.132018 Q4: 38.772019 Q1: 50.702019 Q2: 48.102019 Q3: 54.682019 Q4: 57.982020 Q1: 43.052020 Q2: 52.992020 Q3: 76.292020 Q4: 85.342021 Q1: 56.722021 Q2: 58.102021 Q3: 60.112021 Q4: 70.372022 Q1: 55.012022 Q2: 33.362022 Q3: 35.272022 Q4: 42.222023 Q1: 42.782023 Q2: 42.382023 Q3: 42.582023 Q4: 49.142024 Q1: 51.132024 Q2: 41.222024 Q3: 39.632024 Q4: 31.11

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q4 tone ↓ -8.9 fwd EPS ↑ +0.07 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q1 tone ↓ -2.0 fwd EPS ↑ +0.23 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q1 tone ↑ +8.4 fwd EPS ↓ -0.15 Tone rose while the forward EPS estimate was cut.
  • 2019 Q2 tone ↓ -3.4 fwd EPS ↑ +0.27 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q4 tone ↑ +2.5 fwd EPS ↓ -0.05 Tone rose while the forward EPS estimate was cut.
  • 2020 Q1 tone ↓ -8.3 fwd EPS ↑ +0.06 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q4 tone ↑ +2.7 fwd EPS ↓ -0.17 Tone rose while the forward EPS estimate was cut.
  • 2022 Q2 tone ↓ -3.7 fwd EPS ↑ +0.64 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q4 tone ↑ +2.4 fwd EPS ↓ -0.55 Tone rose while the forward EPS estimate was cut.
  • 2023 Q4 tone ↑ +5.1 fwd EPS ↓ -0.22 Tone rose while the forward EPS estimate was cut.
  • 2024 Q4 tone ↓ -2.6 fwd EPS ↑ +0.13 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-16-7.2——View →
2024 Q42025-01-21-3.3$3.3431.1View →
2024 Q32024-10-16-0.7$3.2139.6View →
2024 Q22024-07-17-0.3$2.6741.2View →
2024 Q12024-04-17-3.1$2.6151.1View →
2023 Q42024-01-17+1.7$2.6349.1View →
2023 Q32023-10-17-3.4$2.8542.6View →
2023 Q22023-07-18-5.4$2.8842.4View →