secwatch.observer — SEC 8-K summary
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Issuer:     Prologis, Inc. (PLD)
CIK:        0001045609
Form:       8-K
Filed at:   2025-04-16T23:59:59+00:00
Accession:  0000950170-25-054485
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Prologis Q1 Core FFO +10.9% to $1.42; slashes 2025 development/disposition guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1045609/000095017025054485/0000950170-25-054485-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1045609/000095017025054485/pld-20250416.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-054485

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