Loading...
•
Jun 30, 2024
Prologis Q2 2024 Earnings Report
Prologis' performance in Q2 2024 reflected a strong market position.
Key Takeaways
Prologis reported strong performance in the second quarter of 2024, with significant activity in development stabilizations and strategic capital initiatives. The company maintained high occupancy rates and saw substantial value creation from development projects.
Prologis owned or had investments in properties and development projects expected to total approximately 1.2 billion square feet as of June 30, 2024.
The company's strategic capital initiatives generated $272 million in fees and promotes.
Value creation from stabilizations reached $739 million.
Occupancy - Owned and Managed was 97.9%.
Revenue by Segment
Forward Guidance
Our guidance for 2024 is based on management’s current beliefs and assumptions about our business, the industry and the markets in which we operate. We are further adjusting Core FFO to exclude $0.07 of net promote expense. The expense primarily relates to amortization of stock compensation issued to employees related to promote income recognized in prior periods.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...