secwatch.observer — SEC 8-K summary
======================================

Issuer:     Prologis, Inc. (PLD)
CIK:        0001045609
Form:       8-K
Filed at:   2023-04-18T23:59:59+00:00
Accession:  0000950170-23-013170
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1045609/000095017023013170/0000950170-23-013170-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1045609/000095017023013170/pld-20230418.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-013170

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer