prologis inc shares rose 24 to 16698 premarket after the logistics real estate company reported first quarter results above analyst expectations and boosted 2022 guidance prologis reported first quarter pershare earnings of 154 up from 49 cents the same period a year earlier and beating the factset consensus for 68 cents pershare core funds from operations came to 109 for the quarter compared to the 107 expected prologis raised its 2022 profit guidance to 485 to 5 a share from its previous outlook of 440 to 455 the company boosted outlook for pershare core ffo to 510 to 516 from 5 to 510 the need for resilience in the supply chain continues to drive record demand despite todays economic and geopolitical risks chief executive hamid moghadam said our lease marktomarket of 47 percent provides substantial embedded earnings growth for years to come even without any further increase in market rents chief financial officer timothy arndt said the longterm growth outlook for our business and balance sheet has never been stronger