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Prologis reports Q2 Core FFO $1.47 ex-items, consensus $1.41

Reports Q2 revenue $2.02B, consensus $2.03B. Reports Q2 Core FFO excludes Net Promote Expense. Reports Cash Same Store NOI 4.9 %. “Our leasing pipeline has reached historically high levels, and what we’re hearing from customers, especially the larger ones, is clear: they’re planning, engaging and increasingly ready to act,” said Daniel Letter, president of Prologis (PLD). “These trends are evident in both our leasing and build-to-suit activity-and we’re in a strong position to meet that demand.”

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