The company said diluted net earnings per share for September 30, 2024 rose 35.0% to $1.08, mainly due to higher disposition gains. Core FFO per diluted share increased 10.0% to $1.43.

1. 01

   The company said diluted net earnings per share for September 30, 2024 rose 35.0% to $1.08, mainly due to higher disposition gains. Core FFO per diluted share increased 10.0% to $1.43.

2. 02

   Prologis said average occupancy for its owned and managed portfolio was 95.9% in Q3, and retention was 75.7%. On a Prologis Share basis, Cash Same Store NOI was 7.2%, Net Effective Rent Change was 67.8%, and Cash Rent Change was 44.1%.

3. 03

   The company said that in Q3, on a Prologis Share basis, acquisitions totaled $1,250M, development starts totaled $392M, and dispositions and contributions combined totaled $836M. Total available liquidity at quarter-end was approximately $6.6 billion, and Debt-to-EBITDA was 5.1x.

4. 04

   The company said it revised its 2024 full-year diluted Core FFO per share outlook to $5.42 to $5.46 from $5.39 to $5.47, and its diluted net earnings per share outlook to $3.35 to $3.45 from $3.25 to $3.45.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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