---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-096077"
form_type: "8-K"
ticker: "PLD"
cik: "0001045609"
company_name: "Prologis, Inc."
filed_at: "2025-07-16T23:59:59+00:00"
generated_at: "2026-05-18T06:09:23.358094+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Prologis Q2 Core FFO $1.46 (+9% YoY); raises FY Core FFO guidance, lowers net earnings guidance

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-25-096077
- form_type: 8-K
- ticker: PLD
- cik: 0001045609
- company_name: Prologis, Inc.
- filed_at: 2025-07-16T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1045609/000095017025096077/0000950170-25-096077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1045609/000095017025096077/pld-20250716.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-096077
- JSON: https://secwatch.observer/filing/0000950170-25-096077.json
- Plain text: https://secwatch.observer/filing/0000950170-25-096077.txt

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