Prologis Narrows FY2025 FFO Guidance From $5.65-$5.81 to $5.75-$5.80 vs $5.72 Est

Author: Benzinga Newsdesk | July 16, 2025 08:03am

2025 GUIDANCE 

Prologis' guidance for net earnings is included in the table below as well as guidance for Core FFO*, which are reconciled in our supplemental information.

"The increase in our guidance reflects our confidence in the strength and resilience of our business," said Timothy D. Arndt, chief financial officer of Prologis. "Our teams are executing at a high level, and we're well-positioned for the remainder of the year."

2025 GUIDANCE

Earnings (per diluted share)	Previous	Revised
Net earnings attributable to common stockholders	$3.45 to $3.70	$3.00 to $3.15
Core FFO attributable to common stockholders/unitholders*	$5.65 to $5.81	$5.75 to $5.80
Core FFO attributable to common stockholders/unitholders,  excluding Net Promote Income (Expense)*	$5.70 to $5.86	$5.80 to $5.85
Operations - Prologis Share
Average Occupancy	94.50% to 95.50%	94.75% to 95.25%
Cash Same Store NOI*	4.00% to 5.00%	4.25% to 4.75%
Net Effective Same Store NOI*	3.50% to 4.50%	3.75% to 4.25%
Strategic Capital (in millions)
Strategic Capital revenue, excluding promote revenue	$560 to $580	$570 to $590
Net Promote Income (Expense)1	$(50)	$(50)
G&A (in millions)	Previous	Revised
General & administrative expenses	$450 to $470	$450 to $470
Capital Deployment - Prologis Share (in millions)
Development stabilizations	$1,900 to $2,300	$1,900 to $2,300
Development starts	$1,500 to $2,000	$2,250 to $2,750
Acquisitions	$750 to $1,250	$1,000 to $1,250
Contributions	$150 to $500	$500 to $1,000
Dispositions	$250 to $500	$500 to $750
Realized development gains	$100 to $250	$150 to $250

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