The earnings call reflected a mixed sentiment with strong leasing activity and data center expansion, but also highlighted concerns about occupancy decline and the impact of global tariff uncertainties on market conditions.
Company Guidance
During the Prologis First Quarter 2025 Earnings Conference Call, the company provided guidance indicating that despite a strong quarter where they leased 58 million square feet and saw net effective rent change of 54% and cash same-store growth of 6.2%, they chose to maintain their earnings guidance due to recent global tariff uncertainties impacting logistics and supply chains. Prologis reported a core FFO of $1.42 per share, with occupancy ending the quarter at 95.2%. While they initially considered raising their expectations for 2025, they decided against it, citing the wide range of economic outcomes, including potential recession risks. The company adjusted its capital deployment guidance due to market uncertainties, reducing its development start guidance to $1.5 billion to $2 billion and its development gain guidance to $100 million to $250 million. However, they retained their FFO guidance, with core FFO, including net promotes, expected to range between $5.65 and $5.81 per share. Prologis emphasized their resilience and strategic positioning to weather any environment, highlighting their diversified rent roll and strong balance sheet. They noted that while leasing activity saw a 20% dip in recent weeks, the demand for flexible inventory positioning continues, particularly among sectors like transport, food and beverage, consumer products, and electronics.
Strong Leasing Activity
Prologis leased 58 million square feet, a near-record achievement, and started $650 million in new developments, primarily build-to-suits with long-term leases averaging 16 years.
Data Center Expansion
Prologis expanded its power capacity for data centers by 400 megawatts, a 13% increase, and moved 2 gigawatts of power to advanced stages with utilities.
Financial Performance and Ratings
Core FFO exceeded expectations at $1.42 per share. Prologis received an upgrade to an A2 rating from Moody's, becoming one of only two public REITs with an A-flat rating from both agencies.
---
Prologis (PLD) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
PLD Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Apr 16, 2025
$98.48
$100.29
+1.84%
Jan 21, 2025
$108.51
$116.24
+7.12%
Oct 16, 2024
$119.28
$124.76
+4.59%
Jul 17, 2024
$118.50
$120.17
+1.41%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Prologis (PLD) report earnings?
Prologis (PLD) is schdueled to report earning on Jul 21, 2025, TBA Not Confirmed.
What is Prologis (PLD) earnings time?
Prologis (PLD) earnings time is at Jul 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.