Prologis Q1 Core FFO $1.22, Same Store NOI +11.4%, raises 2023 guidance

Prologis, Inc.

2023-Q1 EPS reported $0.50 revenue$1,768,587,000

Core FFO of $1.22/diluted share vs $1.09 YoY; net earnings $0.50/diluted share on lower gains.
Cash Same Store NOI grew 11.4%; Net Effective Rent Change 68.8%, both all-time highs.
2023 Core FFO guidance raised to $5.42-$5.50; Cash Same Store NOI guidance raised to 9.00%-9.75%.
Development stabilizations $770M at 6.4% yield, creating $276M of value.
Liquidity $6.7B; issued $3.6B debt at 4.5%; no debt maturities until 2026.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Prologis, Inc. reported the first quarter of 2023 results: EPS $0.50.

Period: the first quarter of 2023
EPS: $0.50
Result: reported results

Exact text from the filing

Net earnings per diluted share was $0.50 for the first quarter of 2023 compared with $1.54 for the first quarter of 2022.

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Prologis, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-013170

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