Prologis

1. Główny temat

   The gap between contract and market rents stayed at 17% on a net effective basis, while renewal rents rose over 36%, adding $60 million in incremental operating income.

   Cytat ze źródła

   “Notably, our portfolio lease mark-to-market remained unchanged from the prior quarter at 17% on a net effective basis, fully replenishing... Rent change on rollover exceeded 36% on a net effective basis, realizing $60 million of incremental NOI, and rent change on a cash basis was 22%.”

2. Prognoza ↑

   PLD raised its net earnings guidance to $4.40-$4.55 per share.

   Cytat ze źródła

   “Putting it all together, we are raising our net earnings guidance to $4.40-$4.55 per share.”

3. Prognoza ↑

   PLD raised its outlook for the year.

   Cytat ze źródła

   “As a result, we're raising our outlook for the year.”

4. Poprzedni okres

   Core FFO was $1.50 per share including net promote expense and $1.52 excluding it, each ahead, with occupancy at 95.3%.

   Cytat ze źródła

   “First quarter core FFO was $1.50 per share, including net promote expense and $1.52 per share, excluding this expense, each ahead... We delivered a solid quarter, executing well against our strategic priorities in a dynamic environment. We ended the quarter with occupancy of 95.3%, reflecting the seasonal drop we telegraphed and typically experience each first quarter.”

Script and answers carried a similar tone, so the script's message held up under questioning.