---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-054485"
form_type: "8-K"
ticker: "PLD"
cik: "0001045609"
company_name: "Prologis, Inc."
filed_at: "2025-04-16T23:59:59+00:00"
generated_at: "2026-05-23T12:59:32.988302+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 +10.9% to $1.42; slashes 2025 development/disposition guidance

## Summary
- Core FFO per share $1.42 (+10.9% YoY); net earnings $0.63 per share unchanged.
- Cash Same Store NOI grew 6.2%; Net Effective Rent Change +53.7%.
- 2025 development stabilizations guidance cut to $1.9-2.3B from $2.25-2.75B; starts cut to $1.5-2.0B from $2.25-2.75B.
- Contribution guidance slashed to $150-500M from $1.5-2.0B; dispositions cut to $250-500M from $1.0-1.5B.
- Realized development gains guidance lowered to $100-250M from $450-600M; G&A guidance raised to $450-470M from $440-460M.

## SEC filing metadata
- accession: 0000950170-25-054485
- form_type: 8-K
- ticker: PLD
- cik: 0001045609
- company_name: Prologis, Inc.
- filed_at: 2025-04-16T23:59:59+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/1045609/000095017025054485/0000950170-25-054485-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1045609/000095017025054485/pld-20250416.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-054485
- JSON: https://secwatch.observer/filing/0000950170-25-054485.json
- Plain text: https://secwatch.observer/filing/0000950170-25-054485.txt

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