secwatch.observer — SEC 8-K summary
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Issuer:     Prologis, Inc. (PLD)
CIK:        0001045609
Form:       8-K
Filed at:   2023-10-17T23:59:59+00:00
Accession:  0000950170-23-053655
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1045609/000095017023053655/0000950170-23-053655-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1045609/000095017023053655/pld-20231017.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-053655

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