Prologis, Inc. (NYSE:PLD) Q3 2024 Earnings Conference Call October 16, 2024 12:00 PM ET

Company Participants

Justin Meng - Senior Vice President, Head of Investor Relations
Tim Arndt - Chief Financial Officer
Dan Letter - President
Chris Caton - Managing Director

Conference Call Participants

Tom Catherwood - BTIG
Vikram Malhotra - Mizuho
John Kim - BMO Capital Markets
Steve Sakwa - Evercore ISI
Michael Goldsmith - UBS
Craig Mailman - Citi
Caitlin Burrows - Goldman Sachs
Vince Tibone - Green Street
Ronald Kamdem - Morgan Stanley
Blaine Heck - Wells Fargo
Nick Thillman - Baird
Josh Dennerlein - Bank of America
Mike Mueller - JPMorgan
Nicholas Yulico - Scotiabank
Todd Thomas - KeyBanc Capital Markets
Brendan Lynch - Barclays

Operator

Greetings, and welcome to the Prologis Q3 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] And as a reminder, this conference is being recorded.

It is now my pleasure to introduce you to your host, Justin Meng, SVP, Head of Investor Relations. Thank you. Justin, you may begin.

Justin Meng

Thanks, John, and good morning, everyone. Welcome to our third quarter 2024 earnings conference call. The supplemental document is available on our website at prologis.com under Investor Relations.

I'd like to state that this conference call will contain forward-looking statements under federal securities laws. These statements are based on current expectations, estimates and projections about the market and the industry in which Prologis operates as well as management's beliefs and assumptions. Forward-looking statements are not guarantees of performance and actual operating results may be affected by a variety of factors. For a list of those factors, please refer to the forward-looking statement notice in our 10-K or other SEC filings.

Additionally, our third quarter earnings press release and supplemental do contain financial measures such as FFO and EBITDA that are non-GAAP, and in accordance with Reg G, we have provided a reconciliation to those measures.

I'd like to welcome Tim Arndt, our CFO, who will cover results, real-time market conditions and guidance. Hamid Moghadam, our CEO; Dan Letter, President; and Chris Caton, Managing Director, are also with us today.

With that, I'll hand the call over to Tim.

Tim Arndt

Thank you, Justin, and welcome to everybody joining our call.

Before diving in, I'd like to share our concern for those affected by the recent hurricanes in the U.S. and Europe that impacted our employees, customers and communities. Thankfully, our teams are safe and their proactive customer outreach and assistance has been outstanding. Our property sustained limited damage for such strong storms.