---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-053655"
form_type: "8-K"
ticker: "PLD"
cik: "0001045609"
company_name: "Prologis, Inc."
filed_at: "2023-10-17T23:59:59+00:00"
generated_at: "2026-06-09T22:22:40.138849+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-053655
- form_type: 8-K
- ticker: PLD
- cik: 0001045609
- company_name: Prologis, Inc.
- filed_at: 2023-10-17T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1045609/000095017023053655/0000950170-23-053655-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1045609/000095017023053655/pld-20231017.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-053655
- JSON: https://secwatch.observer/filing/0000950170-23-053655.json
- Plain text: https://secwatch.observer/filing/0000950170-23-053655.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1045609/000095017023053655/0000950170-23-053655-index.htm

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