Q2 2025 Earnings Summary
| Metric | Period | Previous Guidance | Current Guidance | Change |
|---|---|---|---|---|
Average Occupancy (%) | FY 2025 | no prior guidance | 94.75% to 94.25% | no prior guidance |
Rent Change (%) | FY 2025 | no prior guidance | Low to mid-50% range | no prior guidance |
Same Store NOI Growth (Net Effective Basis, %) | FY 2025 | no prior guidance | 3.75% to 4.25% | no prior guidance |
Same Store NOI Growth (Cash Basis, %) | FY 2025 | no prior guidance | 4.25% to 4.75% | no prior guidance |
General and Administrative (G&A) Expenses | FY 2025 | $450 million to $470 million | $450 to $470 | no change |
Strategic Capital Revenue | FY 2025 | no prior guidance | $570 to $590 | no prior guidance |
Development Starts | FY 2025 | $1.5 billion to $2 billion | $2.25 to $2.75 | raised |
Disposition and Contribution | FY 2025 | $400 million to $1 billion | $1.00 to $1.75 | raised |
GAAP Earnings | FY 2025 | no prior guidance | $3.00 to $3.15 | no prior guidance |
Core FFO Including Net Promote Expense | FY 2025 | $5.65 to $5.81 per share | $5.75 to $5.85 per share | raised |
Core FFO Excluding Net Promote Expense | FY 2025 | $5.70 to $5.86 per share | $5.80 to $5.85 per share | raised |
Research analysts covering Prologis.