Logistics real estate investment trust Prologis exceeded Q2 expectations, raising its full-year 2025 outlook. Occupancy stabilized, customers ready to lease. FFO of $1.46 per share, up 4 cents from consensus. Total revenue increased 9% y/y to $2.18 billion. New leases commenced rose 10% to 51.2 million sq ft. Average occupancy 94.9%.

Prologis raised low end of full-year FFO guidance by 10 cents, new range $5.80 to $5.85 per share. Outlook assumes 94.75% to 95.25% average occupancy, development starts between $2.25B and $2.75B. CFO confident in business strength and resilience. Call scheduled to discuss Q2 results.

Read more at Yahoo Finance: First look: Prologis Q2 earnings