Prologis, Inc. has reported its first quarter 2025 unaudited supplemental information, revealing significant growth and performance in various aspects of its business.
The company's operations generated $6.3 billion in annual net operating income (NOI) for the quarter, indicating a substantial increase from the previous period. Additionally, Prologis achieved $963 million in value creation from stabilizations, reflecting a notable surge in development performance.
In terms of financial figures, the company's total revenues amounted to $2.14 billion for the first quarter of 2025, up from $1.957 billion in the comparable period of 2024. Net earnings attributable to common stockholders also experienced a slight uptick, reaching $592 million, compared to $584 million in the same quarter of the previous year.
Furthermore, the core funds from operations (FFO) attributable to common stockholders/unitholders saw a significant rise, reaching $1.356 billion, as opposed to $1.222 billion in the first quarter of 2024. The adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) attributable to common stockholders/unitholders also increased to $1.771 billion, up from $1.598 billion in the prior-year period.
Prologis' lease proposals showcased substantial growth, with lease proposals in millions of square feet indicating a notable increase. Additionally, the U.S. IBI activity index diffusion index points also saw an improvement, reaching an average of 77 compared to the previous period.
The company's guidance for 2025 reflects its positive outlook, with management's current beliefs and assumptions supporting the expectation of continued growth and performance in the industry and markets in which Prologis operates.
As a result of these announcements, the company's shares have moved 1.3% on the market, and are now trading at a price of $99.75. Check out the company's full 8-K submission here.
