Prologis Q2 2023: Core FFO $1.83 beats, raises full-year guidance

Prologis, Inc.

2023-Q2 EPS reported $1.81 revenue$4,219,558,000

Net earnings per diluted share $1.31 vs $0.82 YoY; Core FFO $1.83 vs $1.11 YoY.
Cash same store NOI up 10.7%; net effective rent change 78.5% (all-time high); occupancy 97.5%.
2023 Core FFO guidance raised to $5.56-$5.60 (from $5.42-$5.50); net promote income guidance raised to $475M.
Debt issuance of $7.0B at 4.9% avg rate, 8.4yr term; debt/market cap 21.0%; weighted avg interest rate 2.9%.
Strategic capital net promote income $0.58 per share in Q2 (vs $0 in prior year) from $475M guidance.

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 second quarter of 2023 results: EPS $1.31.

Period: the second quarter of 2023
EPS: $1.31
Result: reported results

Exact text from the filing

Net earnings per diluted share was $1.31 for the second quarter of 2023 compared with $0.82 for the second quarter of 2022.

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Source: SEC EDGAR

accession 0000950170-23-033263

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