---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-044928"
form_type: "8-K"
ticker: "PLD"
cik: "0001045609"
company_name: "Prologis, Inc."
filed_at: "2024-04-17T23:59:59+00:00"
generated_at: "2026-06-03T21:28:21.050458+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Prologis Q1 Core FFO $1.28/share, cuts 2024 guidance midpoints on occupancy and same-store NOI

## Summary
- Q1 Core FFO per diluted share $1.28 vs $1.22 YoY; net earnings $0.63 vs $0.50.
- 2024 Core FFO guidance revised to $5.37-$5.47 from $5.42-$5.56, midpoint down ~1.3%.
- Cash Same Store NOI growth guidance lowered to 6.25%-7.25% from 8%-9%; avg occupancy cut 75 bps.
- Development starts guidance reduced to $2.5B-$3.0B from $3.0B-$3.5B; net sources/uses improved.
- CEO cites high rates and geopolitical uncertainty dampening leasing; Southern California headwinds.

## SEC filing metadata
- accession: 0000950170-24-044928
- form_type: 8-K
- ticker: PLD
- cik: 0001045609
- company_name: Prologis, Inc.
- filed_at: 2024-04-17T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1045609/000095017024044928/0000950170-24-044928-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1045609/000095017024044928/pld-20240417.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-044928
- JSON: https://secwatch.observer/filing/0000950170-24-044928.json
- Plain text: https://secwatch.observer/filing/0000950170-24-044928.txt

## Key facts
- Earnings Releases
  Prologis, Inc. reported first quarter 2024 results: net income $0.63, EPS $0.63.
  - Period: first quarter 2024
  - Net income: $0.63
  - EPS: $0.63
  - Result: reported results
  source text: Net earnings per diluted share was $0.63 for the first quarter of 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1045609/000095017024044928/0000950170-24-044928-index.htm

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