secwatch.observer — SEC 8-K summary
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Issuer:     Prologis, Inc. (PLD)
CIK:        0001045609
Form:       8-K
Filed at:   2023-07-18T23:59:59+00:00
Accession:  0000950170-23-033263
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1045609/000095017023033263/0000950170-23-033263-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1045609/000095017023033263/pld-20230718.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-033263

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