Prologis, Inc. outperformed revenue expectations for the first quarter, reporting a significant increase in core funds from operations. The industrial real estate giant maintained its full-year 2025 guidance despite flat net earnings per share.
- Total revenue reached $2.14 billion, exceeding the $1.99 billion estimate
- Core FFO per share grew 10.9% to $1.42
- Rental and other revenues increased to $2.00 billion
- Net earnings per share remained steady at $0.63
- Full-year 2025 core FFO guidance reaffirmed at $5.65 to $5.81
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