
Financial Performance - Total revenues decreased by 54% to $6290 million in Q1 2025 compared to $6650 million in Q1 2024 [15, 21] - Net loss was $165 million or $006 loss per diluted share in Q1 2025 compared to net income of $98 million or $003 income per diluted share in Q1 2024 [15, 23] - Adjusted FFO was $957 million or $034 per diluted share a 90% decrease from Q1 2024 [15] - Core EBITDA decreased by 53% to $1476 million in Q1 2025 from $1558 million in Q1 2024 [15, 24] Warehouse Segment - Global Warehouse segment revenues decreased by 37% to $5754 million in Q1 2025 [28, 41] - Global Warehouse same store revenues decreased 23% in Q1 2025 [15] - Global Warehouse segment contribution NOI decreased 03% to $1966 million [28, 42] - Fixed commitment rent and storage revenues were $6293 million representing 601% of rent and storage revenues [43] Capital Expenditures and Debt - Total capital expenditures were $2220 million in Q1 2025 [106] - Total net debt outstanding was approximately $37 billion with 863% at a fixed rate [46]