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Prologis has increased its full-year core funds from operations (FFO) forecast, supported by consistent demand for logistics and warehouse spaces. The company reported stable leasing activity and strong interest from retailers, manufacturers, and data centre operators. Quarterly performance slightly exceeded market expectations, with higher revenue and marginally better FFO per share. Growth in artificial intelligence infrastructure and digital facilities has also contributed to demand. The revised outlook now stands above analyst estimates, reflecting confidence in leasing momentum and expansion in data centre development.
Warehouse-focused real estate investment trust Prologis has raised its annual core funds from operations (FFO) forecast, supported by steady warehouse leasing and sustained demand for logistics assets. Advertisement
The company now expects full-year adjusted core FFO per share in the range of USD 6.07 to USD 6.23, with the midpoint exceeding market estimates. This marks an upward revision from its earlier guidance of USD 6.00 to USD 6.20 per share, indicating improved confidence in operating performance.
The revision comes amid continued demand for warehousing space from retailers and manufacturers looking to maintain higher inventory levels. The company has also benefited from rising investment in artificial intelligence infrastructure, as firms increasingly seek large, power-ready sites suitable for data centre development.
During the quarter, Prologis recorded lease signings of approximately 64 million square feet, reflecting stable occupancy and continued tenant interest. Its tenant base includes major global companies such as Amazon, Home Depot, FedEx and UPS, which continue to drive demand for large-scale logistics infrastructure.
The company's push into digital infrastructure also gained traction, with USD 1.3 billion worth of build-to-suit data centre developments initiated during the period. Management indicated that expansion in energy and digital capabilities is being aligned with its long-term growth plans.
On the financial front, quarterly core FFO stood at USD 1.50 per share, slightly above analyst expectations of USD 1.49 per share. Revenue for the quarter reached USD 2.30 billion, surpassing estimates of USD 2.21 billion.
Shares of the company saw a modest increase in pre-market trading following the announcement, reflecting positive investor sentiment around its revised outlook and stable operating metrics.
Historically, Prologis has maintained strong occupancy levels due to its strategic presence in key logistics markets globally. The continued shift towards e-commerce and supply chain resilience has supported long-term demand for industrial real estate, even amid broader economic uncertainties.
Source Reuters
5th Jun, 2025
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