Prologis Q3 net earnings $0.80/sh; Core FFO ex-promote up 15% to $1.33/sh; FY guidance raised

Prologis, Inc.

2023-Q3 EPS reported $2.61 revenue$6,134,222,000

Net earnings per diluted share $0.80 vs $1.36 YoY; Core FFO $1.30 vs $1.73 YoY.
Core FFO excl. Net Promote Income $1.33/sh, up from $1.16 YoY; Cash Same Store NOI +9.5%.
Average occupancy 97.1%; Net Effective Rent Change 84.0%, all-time high; Cash Rent Change 54.2%.
Development starts $943M at 7.4% yield; stabilizations $456M at 6.4% yield; $118M value creation.
FY2023 Core FFO guidance raised to $5.58-$5.60; net earnings guidance narrowed to $3.30-$3.35.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Prologis, Inc. reported third quarter of 2023 results: net income Net earnings per diluted share was $0.80 for the third quarter of 2023, EPS Net earnings per diluted share was $0.80 for the third quarter of 2023.

Period: third quarter of 2023
Net income: Net earnings per diluted share was $0.80 for the third quarter of 2023
EPS: Net earnings per diluted share was $0.80 for the third quarter of 2023
Result: reported results

Exact text from the filing

Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today reported third quarter results for 2023. Net earnings per diluted share was $0.80 for the third quarter of 2023 compared with $1.36 for the third quarter of 2022.

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Source: SEC EDGAR

accession 0000950170-23-053655

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