2025 GUIDANCE Prologis' guidance for net earnings is included in the table below as well as guidance for Core FFO*, which are reconciled in our supplemental information.
| 2025 GUIDANCE | ||
| Earnings (per diluted share) | Previous | Current |
| Net earnings attributable to common stockholders | $3.45 to $3.70 | $3.45 to $3.70 |
| Core FFO attributable to common stockholders/unitholders* | $5.65 to $5.81 | $5.65 to $5.81 |
| Core FFO attributable to common stockholders/unitholders, excluding Net Promote Income (Expense)* | $5.70 to $5.86 | $5.70 to $5.86 |
| Operations - Prologis Share | ||
| Average occupancy | 94.50% to 95.50% | 94.50% to 95.50% |
| Cash Same Store NOI* | 4.00% to 5.00% | 4.00% to 5.00% |
| Net Effective Same Store NOI* | 3.50% to 4.50% | 3.50% to 4.50% |
| Strategic Capital (in millions) | ||
| Strategic Capital revenue, excluding promote revenue | $560 to $580 | $560 to $580 |
| Net Promote Income (Expense)1 | $(50) | $(50) |
| G&A (in millions) | Previous | Current |
| General & administrative expenses | $440 to $460 | $450 to $470 |
| Capital Deployment - Prologis Share (in millions) | ||
| Development stabilizations | $2,250 to $2,750 | $1,900 to $2,300 |
| Development starts | $2,250 to $2,750 | $1,500 to $2,000 |
| Acquisitions | $750 to $1,250 | $750 to $1,250 |
| Contributions | $1,500 to $2,000 | $150 to $500 |
| Dispositions | $1,000 to $1,500 | $250 to $500 |
| Realized development gains | $450 to $600 | $100 to $250 |