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Prologis, a leading U.S.-based logistics and warehouse real estate trust, reported stronger-than-expected third-quarter results, posting a core FFO of USD 1.49 per share against forecasts of USD 1.44. Revenue reached USD 2.21 billion, surpassing market estimates. The company signed leases for a record 62 million square feet, fuelled by importers accelerating shipments ahead of upcoming U.S. tariffs. Prologis raised its 2025 earnings outlook to USD 5.78-5.81 per share. CEO Hamid Moghadam highlighted the sector's strong outlook for rent and occupancy growth. With operations across 20 countries, Prologis remains well-positioned to lead the industrial property market amid growing global logistics demand.
Prologis, the San Francisco-based real estate investment trust specialising in warehouse and logistics facilities, outperformed market expectations for its third-quarter performance earlier this week. The firm posted a quarterly core FFO of USD 1.49 per share, surpassing analysts' projections of USD 1.44 per share, based on data compiled by LSEG. Its total revenue stood at USD 2.21 billion, exceeding market estimates of USD 2.16 billion. Advertisement
The company, which counts major corporations such as Amazon, Home Depot, FedEx and UPS among its key clients, recorded a company-high 62 million square feet of lease signings during the quarter. This surge was attributed to importers expediting shipments ahead of the forthcoming U.S. tariffs, which drove heightened demand for warehouse and storage facilities.
Prologis revised its 2025 core FFO forecast upward to a range of USD 5.78 to USD 5.81 per share, compared with its earlier projection of USD 5.75 to USD 5.80 per share. CEO Hamid Moghadam noted that the logistics sector was approaching a turning point for rent and occupancy growth, describing it as one of the most promising market conditions witnessed in his four-decade career.
The firm, which manages and develops over 1.3 billion square feet of logistics real estate across 20 countries, witnessed its shares rise by about 2% in premarket trading following the release of its quarterly results.
Prologis's robust quarterly results underscore the sustained demand for warehouse and logistics spaces, driven by global trade patterns and evolving supply chain needs. The company's strategic positioning and extensive international footprint have allowed it to benefit from heightened leasing momentum. With an improved earnings outlook and a strong pipeline of projects, Prologis appears well-placed to maintain its leadership in the industrial property sector in the coming quarters.
Source - Reuters
5th Jun, 2025
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