These 5 Companies Upped Guidance Despite Global Economic Headwinds

In this article, we will discuss the 5 companies that just raised their guidance after the quarter ending on June 30, 2022. To read the detailed analysis and outlook for 2022, you can go directly to These 10 Companies Upped Guidance Despite Global Economic Headwinds.

5. Prologis, Inc. (NYSE:PLD)

Market Cap as of July 21: $91.995 billion

Prologis, Inc. (NYSE:PLD) is a California-based REIT, operating in 19 countries across 4 continents. The company focuses on warehouses located close to high urban areas.

For the second quarter of 2022, Prologis, Inc. (NYSE:PLD) reported an FFO per share of $1.11, mainly in line with the estimates, and 10% above the same quarter in the previous year. The rental revenue of $1.09 billion exceeded the estimates by $2.39 million. Furthermore, the total revenue of $1.25 billion was approximately $100 million more compared to the same quarter of 2021. At the end of the second quarter, Prologis, Inc. (NYSE:PLD) had $437.5 million of cash and cash equivalents, compared to $1.9 billion in Q1. Including the credit facilities and cash, the company’s liquidity added up to $5.2 billion.

Prologis, Inc. (NYSE:PLD) raised its FY2022 FFO guidance from $5.14 to $5.18 per share from the prior guidance of $5.10-$5.16. Previously, the forecast for the midpoint of average occupancy was 97.12%, which is now 97.50%. Same-store net operating income was previously estimated to be between 7.25% to 8.00%, which is now projected to be between 8.25% and 8.75%.