Prologis Surpasses Q3 Expectations, Boosts 2023 Guidance

Prologis, the global leader in logistics real estate, reported its third-quarter results for 2023. Net earnings per diluted share decreased compared to the same period last year, while core funds from operations (Core FFO) per diluted share increased. The company highlighted the strong execution by its team and the quality of its global portfolio. Prologis remains focused on capturing lease mark-to-market, building its land bank, and addressing customer needs. The company also emphasized its strong balance sheet and liquidity.