Real estate investment trust Prologis, Inc. (NYSE: PLD) on Wednesday reported an increase in revenues and adjusted core funds from operations for the fourth quarter of 2025.
- Total revenues increased to $2.25 billion in the fourth quarter from $2.20 billion in the year-ago quarter
- Net earnings were $1.49 per share in Q4, compared to $1.37 per share in the corresponding period of 2024
- On a per-share basis, core funds from operations were $1.44, compared to $1.50 per share in the year-ago quarter
- Core FFO, excluding net promote income, was $1.46 per share during the three months, vs. $1.42 per share in Q4 2024
- During the quarter, the company closed, together with its co-investment ventures, an aggregate of $3.0 billion of debt
- At the end of the quarter, total available liquidity was approximately $7.6 billion
- For fiscal 2026, the management expects net earnings attributable to common stockholders in the range of $3.70 per share to $4.00 per share
- The forecast for full-year core FFO per share is $6.00-$6.20; adjusted core FFO per share is expected to be $6.05-$6.25