Prologis reports Q1 Core FFO $1.42, consensus $1.38

Reports Q1 Cash Same Store NOI 6.2%. “We delivered exceptional results this quarter-signing leases totaling 58 million square feet, breaking ground on new build-to-suits with strategic customers and expanding our power capacity to support the growing demand for data centers,” said Dan Letter, president of Prologis (PLD). Hamid R. Moghadam, co-founder and CEO of Prologis, commented: “In the near term, policy uncertainty is making customers more cautious. But over the long term, limited new supply and high construction costs support continued rent growth. We’re confident in the strength and resilience of our business.”