earnings
confidence high
sentiment neutral
materiality 0.80
Prologis Q2 Core FFO $1.46 (+9% YoY); raises FY Core FFO guidance, lowers net earnings guidance
Prologis, Inc.
2025-Q2 EPS reported
$1.25
revenue$4,323,534,000
- Q2 net earnings $0.61/share, down 33.7% YoY; Core FFO $1.46/share, up 9.0%.
- Total revenues $2.184B vs $2.008B; same-store NOI cash +4.9%.
- FY2025 Core FFO guidance raised to $5.75-$5.80; net earnings guidance lowered to $3.00-$3.15.
- Development stabilizations $192M (yield 6.9%, margin 33.2%); starts $846M (yield 6.3%).
- Q2 occupancy 94.9%, retention 74.9%; debt-to-EBITDA 5.1x, liquidity $7.1B.
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