Prologis reported solid Q2 2024 financial results with total revenues of $2.0 billion and consolidated net earnings of $911.5 million. Rental revenues increased to $1.85 billion, while strategic capital revenues reached $154.7 million. The company achieved a significant 70.6% rent change on rollover during the first half of 2024, demonstrating strong market fundamentals and pricing power.The company maintained robust operational performance with 96.4% occupancy across its owned and managed portfolio of 1.2 billion square feet. Development activities remained active with $547 million in new project starts and $2.5 billion in stabilizations during H1 2024. The company completed $1.3 billion in dispositions, generating $345 million in net gains primarily from contributions to unconsolidated co-investment ventures.Prologis strengthened its financial position by issuing $2.9 billion of senior notes with a weighted average interest rate of 4.8% and 13-year maturity. The company maintained strong liquidity of $6.4 billion, including $5.8 billion in available credit facilities and $598 million in cash. The weighted average interest rate on total debt was 3.1% with a 10-year average remaining maturity.

Prologis reported solid Q2 2024 financial results with total revenues of $2.0 billion and consolidated net earnings of $911.5 million. Rental revenues increased to $1.85 billion, while strategic capital revenues reached $154.7 million. The company achieved a significant 70.6% rent change on rollover during the first half of 2024, demonstrating strong market fundamentals and pricing power.The company maintained robust operational performance with 96.4% occupancy across its owned and managed portfolio of 1.2 billion square feet. Development activities remained active with $547 million in new project starts and $2.5 billion in stabilizations during H1 2024. The company completed $1.3 billion in dispositions, generating $345 million in net gains primarily from contributions to unconsolidated co-investment ventures.Prologis strengthened its financial position by issuing $2.9 billion of senior notes with a weighted average interest rate of 4.8% and 13-year maturity. The company maintained strong liquidity of $6.4 billion, including $5.8 billion in available credit facilities and $598 million in cash. The weighted average interest rate on total debt was 3.1% with a 10-year average remaining maturity.