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Prologis narrows FY25 Core FFO view to $5.80-$5.85 from $5.70-$5.86

Consensus is for FY25 FFO $5.70. FY25 Core FFO view excludes Net promote expense. Narrows FY25 Cash Same Store NOI to 4.25%-4.75% from 4.00%-5.00% and Net Effective Same Store NOI to 3.75%-4.25% from 3.50%-4.50%. “The increase in our guidance reflects our confidence in the strength and resilience of our business,” said Timothy D. Arndt, CFO of Prologis (PLD). “Our teams are executing at a high level, and we’re well-positioned for the remainder of the year.”

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