---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-033263"
form_type: "8-K"
ticker: "PLD"
cik: "0001045609"
company_name: "Prologis, Inc."
filed_at: "2023-07-18T23:59:59+00:00"
generated_at: "2026-06-13T06:47:53.825885+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-033263
- form_type: 8-K
- ticker: PLD
- cik: 0001045609
- company_name: Prologis, Inc.
- filed_at: 2023-07-18T23:59:59+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/1045609/000095017023033263/0000950170-23-033263-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1045609/000095017023033263/pld-20230718.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-033263
- JSON: https://secwatch.observer/filing/0000950170-23-033263.json
- Plain text: https://secwatch.observer/filing/0000950170-23-033263.txt

## Key facts
- Earnings Releases
  Prologis, Inc. reported the second quarter of 2023 results: EPS $1.31.
  - Period: the second quarter of 2023
  - EPS: $1.31
  - Result: reported results
  source text: Net earnings per diluted share was $1.31 for the second quarter of 2023 compared with $0.82 for the second quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1045609/000095017023033263/0000950170-23-033263-index.htm

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