[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  David Auerbach โญ๏ธ [@DailyREITBeat](/creator/twitter/DailyREITBeat) on x 3873 followers Created: 2025-07-16 15:43:09 UTC ๐ฆ Prologis Q2 2025 Results: Development Heats Up as Leasing Surges ๐ Despite macroeconomic headwinds, @Prologis $PLD delivered a solid second quarterโhighlighted by rising core FFO, preleased development starts, and leasing momentum that's breaking records. ๐ Financial Highlights ๐ต Core FFO per share: $XXXX (+9.0% YoY) ๐ป Net earnings per share: $XXXX (โ33.7%, FX-related) ๐ฐ Cash same-store NOI: +4.9% ๐งพ Rent spreads: +53.4% net effective / +34.8% cash basis ๐๏ธ Development & Deployment ๐๏ธ $846M in development starts this quarter, XXXX% build-to-suit ๐ฆ 1.3M SF in U.S. development starts: XXX% preleased ๐ Raised full-year dev start guidance to up to $2.75B ๐ผ $335M in acquisitions at XXX% cap rate ๐ธ $96M in dispositions at XXX% cap rate ๐ข Operational Strength ๐ Period-end occupancy: XXXX% ๐ 51.2M SF of leases signed, up X% YoY ๐ผ Leasing proposals surged to 136M SF, or XX% of total rentable space โฑ๏ธ Leases closing faster: avg. XX days to execution ๐ Balance Sheet Snapshot ๐ณ $7.1B of liquidity ๐ฆ Issued $5.8B of debt at XXX% avg rate ๐งฎ Debt-to-EBITDA: 5.1x | Market cap leverage: XXXX% ๐ฎ Guidance Update ๐บ Raised Core FFO guidance to $5.75โ$5.80/share ๐๏ธ Upped development start forecast by over $1B ๐ฆ Expect continued rent growth, leasing strength, and BTS demand ๐ฃ CEO Hamid Moghadam: "Our teams performed exceptionally... staying close to customers and executing with discipline.โ ๐ฃPresident Dan Letter: "Our leasing pipeline has reached historically high levels โ customers are ready to act, and we're ready to deliver." XXX engagements  **Related Topics** [quarterly earnings](/topic/quarterly-earnings) [momentum](/topic/momentum) [$pld](/topic/$pld) [stocks real estate](/topic/stocks-real-estate) [Post Link](https://x.com/DailyREITBeat/status/1945509519070539789)
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David Auerbach โญ๏ธ @DailyREITBeat on x 3873 followers
Created: 2025-07-16 15:43:09 UTC
๐ฆ Prologis Q2 2025 Results: Development Heats Up as Leasing Surges ๐
Despite macroeconomic headwinds, @Prologis $PLD delivered a solid second quarterโhighlighted by rising core FFO, preleased development starts, and leasing momentum that's breaking records.
๐ Financial Highlights ๐ต Core FFO per share: $XXXX (+9.0% YoY) ๐ป Net earnings per share: $XXXX (โ33.7%, FX-related) ๐ฐ Cash same-store NOI: +4.9% ๐งพ Rent spreads: +53.4% net effective / +34.8% cash basis
๐๏ธ Development & Deployment ๐๏ธ $846M in development starts this quarter, XXXX% build-to-suit ๐ฆ 1.3M SF in U.S. development starts: XXX% preleased ๐ Raised full-year dev start guidance to up to $2.75B ๐ผ $335M in acquisitions at XXX% cap rate ๐ธ $96M in dispositions at XXX% cap rate
๐ข Operational Strength ๐ Period-end occupancy: XXXX% ๐ 51.2M SF of leases signed, up X% YoY ๐ผ Leasing proposals surged to 136M SF, or XX% of total rentable space โฑ๏ธ Leases closing faster: avg. XX days to execution
๐ Balance Sheet Snapshot ๐ณ $7.1B of liquidity ๐ฆ Issued $5.8B of debt at XXX% avg rate ๐งฎ Debt-to-EBITDA: 5.1x | Market cap leverage: XXXX%
๐ฎ Guidance Update ๐บ Raised Core FFO guidance to $5.75โ$5.80/share ๐๏ธ Upped development start forecast by over $1B ๐ฆ Expect continued rent growth, leasing strength, and BTS demand
๐ฃ CEO Hamid Moghadam: "Our teams performed exceptionally... staying close to customers and executing with discipline.โ
๐ฃPresident Dan Letter: "Our leasing pipeline has reached historically high levels โ customers are ready to act, and we're ready to deliver."
XXX engagements
Related Topics quarterly earnings momentum $pld stocks real estate
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