secwatch.observer — SEC 8-K summary
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Issuer:     Prologis, Inc. (PLD)
CIK:        0001045609
Form:       8-K
Filed at:   2025-07-16T23:59:59+00:00
Accession:  0000950170-25-096077
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1045609/000095017025096077/0000950170-25-096077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1045609/000095017025096077/pld-20250716.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-096077

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer