Prologis, Inc. ( (PLD) ) has released its Q1 earnings. Here is a breakdown of the information Prologis, Inc. presented to its investors.
Prologis, Inc. is a leading global logistics real estate company that develops and manages properties to support the supply chain needs of businesses worldwide. The company is known for its extensive portfolio and innovative solutions in the logistics industry.
In its first-quarter 2025 earnings report, Prologis, Inc. demonstrated strong financial performance despite ongoing market uncertainties. The company maintained its net earnings per diluted share at $0.63, while its core funds from operations (Core FFO) per diluted share increased by 10.9% to $1.42.
Prologis reported significant leasing activity, with 58 million square feet of leases signed, and expanded its development initiatives, including new build-to-suit projects and increased power capacity for data centers. The company’s average occupancy rate was approximately 94.9%, and it achieved a notable cash rent change of 32.1%. Additionally, Prologis continued to strengthen its balance sheet, ending the quarter with $6.5 billion in available liquidity and a debt-to-EBITDA ratio of 4.9x.
Looking ahead, Prologis remains optimistic about its long-term growth prospects, supported by limited new supply and high construction costs, which are expected to drive continued rent growth. The company is well-positioned to capitalize on emerging opportunities, backed by its robust financial position and strategic initiatives.