Prologis Inc (NYSE:PLD) stock fell 2.14% (As on January 22, 11:42:19 AM UTC-4, Source: Google Finance) after the company beat Wall ‍Street estimates for fourth-quarter revenue, helped by resilient demand for ⁠its storage facilities. Prologis, which develops and manages warehouses, distribution facilities ‌and fulfillment centers across 20 countries, has benefited from strong demand among retailers and manufacturers for warehouse space to support e-commerce and more efficient inventory management. The company has expanded its data center power pipeline to 5.7 gigawatts during the quarter and surpassed its target for 1 gigawatt of installed solar and battery storage. Core funds from operations (Core FFO) per diluted share was $1.44 for the quarter and $5.81 for the year compared with $1.50 and $5.56 for the corresponding periods in 2024. Core FFO, excluding Net Promote Income (Expense) per diluted share was $1.46 for the quarter and $5.86 for the year compared with $1.42 and $5.53 for the corresponding periods in 2024.

Moreover, during the quarter, the company expanded its data center power pipeline to 5.7 gigawatts of capacity secured or in advanced stages of procurement and surpassed its 1 gigawatt target for installed solar and battery storage. During the quarter, the company had closed, together with its co-investment ventures, an aggregate of $3.0 billion of debt at a weighted average interest rate of 3.1% and a weighted average term of 7.2 years. As of quarter-end total available liquidity was approximately $7.6 billion, Debt-to-Adjusted EBITDA was 5.3x and debt as a percentage of total market capitalization was 24.6%.

The weighted average interest rate on the company’s share of total debt was 3.3%, with a weighted average term of 8.2 years. Forecasted earnings for 2026, 2027 and 2028 are 98%, 98% and 97%, respectively, in USD or hedged through derivative contracts and 96% of Prologis’ equity was in USD. Total available liquidity was approximately $7.6 billion. Debt-to-Adjusted EBITDA was 5.3x and debt as a percentage of total market capitalization was 24.6%.

PLD in the fourth quarter of FY25 has Prologis (PLD) came out with quarterly funds from operations (FFO) of $1.49 per share, beating the Zacks Consensus Estimate of $1.44 per share. The company had reported the adjusted revenue of $2.25 billion in the fourth quarter of FY25, beating the analysts’ estimates for revenue of $2.15 billion, according to data compiled by LSEG.

The company expects full-year core FFO to ‍be between $6 and $6.20 per share, the midpoint of which is marginally below analysts’ estimates of $6.13 ‍per share.