July 16 - Warehouse-focused real estate investment trust Prologis PLD.N on Wednesday raised the bottom of its forecasted range for adjusted core funds from operations in 2025, as customers resumed leasing after U.S. tariffs forced a slowdown in April.

Shares of the company rose 2.6% to $111.5 in premarket trading.

Although uncertainties around U.S. President Donald Trump's tariffs persist, companies are once again ramping up leasing as they plan inventory for back-to-school and early holiday business.

"Our leasing pipeline has reached historically high levels," company President Daniel Letter said on Wednesday.

The company now expects adjusted annual core FFO per share between $5.80 and $5.85; it had forecast a range of $5.70 to $5.86 earlier. The fresh forecast is above analysts' expectation of $5.63 per share, according to data compiled by LSEG.

The company, which develops and manages warehouses, distribution facilities and fulfillment centers across 20 countries, reported a core FFO of $1.46 per share in the second quarter, compared with analysts' average estimate of $1.41 per share.

"We expect further expansion of (Prologis') leasing pipeline, which could signal a recovery in demand if economic growth accelerates," analysts at BTIG wrote in a note ahead of Prologis' quarterly results.

The San Francisco, California-based company's total revenue was $2.18 billion for the quarter. Analysts on average had expected a topline of $2.08 billion.

Prologis, which operates close to 5,900 facilities worldwide, counts Amazon AMZN.O, Home Depot HD.N, FedEx FDX.N and UPS UPS.N among its biggest customers, according to its latest annual report.

(Reporting by Abhinav Parmar in Bengaluru; Editing by Sahal Muhammed)

((Abhinav.Parmar@thomsonreuters.com;))