Shares of Prologis, the industrial property developer, are soaring over 5% in pre-market trading after the company reported better-than-expected second-quarter results and raised its full-year guidance. The stock's impressive performance comes as the warehouse-focused real estate investment trust demonstrates resilience in the face of economic uncertainties.

Prologis posted core funds from operations (FFO) of $1.46 per share for the quarter, surpassing analysts' expectations of $1.41. The company's adjusted EBITDA of $1,789 million also outpaced estimates of $1,613 million. In response to the strong performance, Prologis raised its 2025 core FFO guidance to a range of $5.75 to $5.80 per share, up from the previous forecast of $5.65 to $5.81.

The company's President, Daniel Letter, highlighted that Prologis' leasing pipeline has reached historically high levels, signaling a rebound in warehouse demand. This positive trend is attributed to customers, especially larger ones, resuming their leasing activities after a temporary slowdown. The renewed interest in warehouse space bodes well for Prologis' future growth prospects, as companies plan inventory for back-to-school and early holiday business. With its extensive portfolio of nearly 5,900 facilities worldwide and a client list including major corporations like Amazon, Home Depot, FedEx, and UPS, Prologis is well-positioned to capitalize on the recovering demand for industrial real estate.