earnings
confidence high
sentiment positive
materiality 0.80
Prologis Q3 Core FFO $1.43 (+10% YoY); raises 2024 occupancy & NOI guidance
Prologis, Inc.
2024-Q3 EPS reported
$2.63
revenue$6,000,964,000
- Net earnings $1.08/diluted (+35% YoY); Core FFO $1.43 (+10% YoY).
- Cash same-store NOI growth 7.2%; average occupancy 96.1% (Prologis Share).
- Development stabilizations $784M (6.2% yield) and starts $392M (9.0% yield); value creation $129M.
- 2024 guidance: Core FFO $5.42-$5.46; same-store NOI raised to 6.5%-7.0%; occupancy 96.0%-96.5%.
- Acquisitions $1.25B (5.1% cap rate); dispositions $836M; issued $4.6B debt at 4.6%.