earnings
confidence high
sentiment positive
materiality 0.80
Prologis Q4 Core FFO $1.24/share; guides 2023 Core FFO $5.40-$5.50
Prologis, Inc.
2022-FY EPS reported
$4.25
revenue$5,973,692,000
- Core FFO per diluted share Q4 $1.24 (up 10.7% YoY); full year $5.16 (up 24.3%).
- Cash Same Store NOI grew 9.1% (U.S. 9.6%); average occupancy 98.0%.
- Development stabilizations $820M at 6.9% estimated yield; value creation $380M.
- 2023 guidance: Core FFO $5.40-$5.50, net earnings $3.00-$3.15, same-store NOI 8.5%-9.5%.
- Debt at 20.1% of market cap, weighted avg interest rate 2.5%, $4B liquidity.