secwatch.observer — SEC 8-K summary
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Issuer:     Prologis, Inc. (PLD)
CIK:        0001045609
Form:       8-K
Filed at:   2024-07-17T23:59:59+00:00
Accession:  0000950170-24-084067
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Prologis Q2 Core FFO ex-promote $1.36, up 8.8% YoY; raises 2024 earnings guide
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- Net earnings $0.92/diluted share vs $1.31 YoY; Core FFO $1.34 vs $1.83; drop partly due to promote income shift.
- Core FFO ex-promote $1.36 vs $1.25 YoY; 2024 Core FFO guide raised to $5.39-$5.47 from $5.37-$5.47.
- Cash Same Store NOI growth 7.2%; average occupancy 96.3% (Prologis share); retention 73.2%.
- Development stabilizations $2,039M at 5.9% yield, $296M value creation; starts $300M at 7.1% yield.
- Debt-to-EBITDA below 5.0x; $6.5B liquidity; launched $1B commercial paper program, saving >60bps.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1045609/000095017024084067/0000950170-24-084067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1045609/000095017024084067/pld-20240717.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-084067

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