Prologis said the occupancy of its operating portfolio was 95.0% as of June 30, 2025, and rent change on leases that commenced during the first half of 2025 was 53.6% on a net effective basis, both metrics based on the company's ownership share.

1. 01

   Prologis said the occupancy of its operating portfolio was 95.0% as of June 30, 2025, and rent change on leases that commenced during the first half of 2025 was 53.6% on a net effective basis, both metrics based on the company's ownership share.

2. 02

   The company said total available liquidity as of June 30, 2025 was approximately $7 billion, the weighted average remaining maturity of consolidated debt was 9 years and the weighted average interest rate was 3.2%. Credit ratings were A from Standard & Poor's and A2 from Moody's, each with a stable outlook.

3. 03

   Prologis said cash paid for interest, net of amounts capitalized, in the first half of 2025 was $513 million, compared with $408 million in the first half of 2024, and operating distributions received from unconsolidated entities were $292 million.

4. 04

   The company said the gross book value of the operating portfolio held by 9 unconsolidated co-investment ventures as of June 30, 2025 was $61.0 billion across 553 million square feet, third-party debt was $18.6 billion and the weighted average loan-to-value was 29.2%.

Key figures

Quarter ended June 30, 2025

Revenue

$2.2B

Operating income

$913M

Net income

$571M

EPS

$0.61

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.