Prologis sees FY23 Core FFO $5.40-$5.50 with items, consensus $5.56

FY23 Core FFO view includes Net Promote Income. Excluding Net Promote Income FY23 Core FFO view is $5.00-$5.10. Sees FY23 Average occupancy 96.50%-97.50%; and Cash Same Store NOI – PLD share 8.50%-9.50%. "At the midpoint of our range, we project Core FFO growth of 9.5%, excluding promotes, representing strong growth, particularly in light of current economic conditions," said Timothy D. Arndt, CFO. "We are confident in our ability to execute on our plan, driving earnings growth and value creation across the cycle, bolstered by our 67% lease mark-to-market and $39 billion land bank build out potential."