---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-013170"
form_type: "8-K"
ticker: "PLD"
cik: "0001045609"
company_name: "Prologis, Inc."
filed_at: "2023-04-18T23:59:59+00:00"
generated_at: "2026-06-17T00:28:14.450641+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-013170
- form_type: 8-K
- ticker: PLD
- cik: 0001045609
- company_name: Prologis, Inc.
- filed_at: 2023-04-18T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1045609/000095017023013170/0000950170-23-013170-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1045609/000095017023013170/pld-20230418.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-013170
- JSON: https://secwatch.observer/filing/0000950170-23-013170.json
- Plain text: https://secwatch.observer/filing/0000950170-23-013170.txt

## Key facts
- Earnings Releases
  Prologis, Inc. reported the first quarter of 2023 results: EPS $0.50.
  - Period: the first quarter of 2023
  - EPS: $0.50
  - Result: reported results
  source text: Net earnings per diluted share was $0.50 for the first quarter of 2023 compared with $1.54 for the first quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1045609/000095017023013170/0000950170-23-013170-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.