EarningsPrologis reported Q1 results with core FFO of $1.42, which was ahead of both the estimated $1.37 and consensus of $1.38.
Financial StabilityPrologis maintained both Core FFO/sh guidance and operating assumptions, which is viewed as a net positive given macroeconomic uncertainty.
Leasing ActivityLeasing activity reached a record high with 65.1M SF of new and renewal leases commenced, up 35.4% from the same quarter a year ago.