Company Overview - Prologis is the world's largest logistics REIT with $200 billion of assets across 1.3 billion square feet in 20 countries [2] - The company operates in consumption-oriented, supply-constrained markets for logistics distribution [3] Development and Growth - Prologis develops approximately $4 billion to $5 billion of new logistics properties annually [3] - Over the past 20 years, the company has developed nearly $50 billion of assets, creating about $14 billion in value [4] - The company has a land bank with $42 billion of investment opportunities, representing nearly 10 years of potential development [4] Asset Management - Prologis has an asset management business called Strategic Capital, which encompasses about $65 billion of third-party assets [5]

PresentationWhy don't we get started here. So welcome to the Prologis roundtable this morning. Joining me up here is Tim Arndt, who's the CFO of the company. And we have Justin Meng, who heads up IR. So Tim, I'll turn it over to you for some opening remarks.Timothy ArndtChief Financial Officer Okay. Thank you. Good morning, everybody. It's great to be here. I'll just begin with a quick description of Prologis, if anybody is somehow unfamiliar, but we are, of course, the world's largest logistics REIT. We ha ...

Core Insights - First Industrial Realty Trust, Inc. reported a diluted net income per share of $0.42 for Q2 2025, up from $0.39 in the same period last year, and funds from operations (FFO) of $0.76 per share/unit, compared to $0.66 a year ago [1][5][20] Portfolio Performance - The company's diverse portfolio is performing strongly, with cash rental rate growth among sector leaders and healthy renewal activity [2] - Cash basis same store net operating income (SS NOI) increased by 8.7%, driven by rental rate increases on new and renewal leases [6][26] - In-service occupancy was 94.2% at the end of Q2 2025, down from 95.3% at the end of Q1 2025 and Q2 2024 [6] Development and Leasing Highlights - During Q2 2025, the company leased 58,000 square feet at First Loop Logistics Park Building 4 in Orlando [3] - The company started two development projects totaling 402,000 square feet with an estimated total investment of $54 million [7] Investment and Capital Markets Highlights - The company completed its first public bond offering since 2007, issuing $450 million of 5.25% senior unsecured notes due January 15, 2031 [5][7] - The company received a 'BBB+' unsecured credit rating from Fitch Ratings [5][7] Financial Guidance - The company provided guidance for 2025, estimating net income available to common stockholders and unitholders between $1.53 and $1.61 per share/unit, and NAREIT FFO between $2.88 and $2.96 per share/unit [8][9]

Core Viewpoint - First Industrial Realty Trust, Inc. is set to announce its second quarter 2025 results on July 16, 2025, with a conference call scheduled for July 17, 2025, to discuss these results [1][2]. Company Overview - First Industrial Realty Trust, Inc. is a prominent U.S.-only owner, operator, developer, and acquirer of logistics properties, focusing on providing high-quality facilities and customer service to multinational corporations and regional firms [3]. - The company operates a fully integrated platform and has a portfolio of approximately 70.2 million square feet of industrial space as of March 31, 2025, with investments concentrated in 15 target metropolitan statistical areas (MSAs) [3].