By Denny Jacob

Prologis is scheduled to report its fiscal first-quarter results Wednesday before the market opens. Here is what you need to know.

REVENUE: The world's largest industrial property developer is expected to post $1.96 billion in revenue for the quarter, flat from the prior-year period, according to analysts polled by FactSet.

NET INCOME: The San Francisco company is expected to post $662.9 million in net income compared with $585.7 million in the year-earlier period, according to analysts polled by FactSet.

ADJUSTED FFO: Stripping out certain one-time items, core funds from operations are expected to come in at $1.38 a share.

The stock rose about 5.8% during the quarter and recently traded around $98.64.

WHAT TO WATCH

--Executives are expected to address investor concerns about the Trump administration's tariff actions. If the measures remain in place for a prolonged period of time, they threaten to lessen the need for storage as fewer goods ship from overseas, resulting in excess storage capacity, analysts say.

--Investors will be looking for signs of the revival of the warehousing sector, which has been wavering since the end of 2022. The company earlier this year said companies have accelerated their warehouse-leasing decisions since the U.S. presidential election in November.

--Look for any indicators on how Dan Letter plans to lead the company when he takes the role of chief executive next year. The company in February announced that founder and longtime CEO Hamid Moghadam plans to retire on Jan. 1, but he will stay on as executive chairman. Letter, the company's president, has been with the Prologis since 2004.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

April 15, 2025 15:33 ET (19:33 GMT)

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