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    Prologis (PLD)

    Q2 2025 Earnings Summary

    Reported on Jul 16, 2025 (Before Market Open)
    Pre-Earnings Price$108.62Last close (Jul 15, 2025)
    Post-Earnings Price$112.75Open (Jul 16, 2025)
    Price Change
    $4.13(+3.80%)
    MetricPeriodPrevious GuidanceCurrent GuidanceChange

    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.