Industrial REITs Standardize Key Property Metrics
Prologis (NYSE: PLD) has announced a significant initiative with other major industrial REITs to standardize non-GAAP property metrics calculations across the sector. The Industrial REIT Group, comprising Prologis, EastGroup Properties, First Industrial Realty Trust, and STAG Industrial, has updated their methodology for key metrics including property stabilization, occupancy, rent change, and customer retention.
Building on their 2018 harmonization efforts, the group has reaffirmed criteria for same-store portfolio calculations and the exclusion of value-added and redevelopment properties. While minor calculation differences may persist, this standardization aims to enhance sector-wide consistency and comparability. The new methodologies are incorporated in Prologis' 2025 guidance and are not expected to materially impact the company's non-GAAP metrics for periods before 2025.
Prologis (NYSE: PLD) ha annunciato un'iniziativa significativa insieme ad altri importanti REIT industriali per standardizzare i calcoli delle metriche patrimoniali non GAAP nel settore. Il Gruppo REIT Industriale, composto da Prologis, EastGroup Properties, First Industrial Realty Trust e STAG Industrial, ha aggiornato la propria metodologia per metriche chiave, tra cui stabilizzazione delle proprietà, occupazione, variazione dell'affitto e retention dei clienti.
Basandosi sui loro sforzi di armonizzazione del 2018, il gruppo ha riaffermato i criteri per i calcoli del portafoglio a negozio costante e l'esclusione delle proprietà a valore aggiunto e di riqualificazione. Sebbene possano persistere lievi differenze nei calcoli, questa standardizzazione mira a migliorare la coerenza e la comparabilità a livello di settore. Le nuove metodologie sono incorporate nelle linee guida di Prologis per il 2025 e non si prevede che impattino materialmente le metriche non GAAP dell'azienda per i periodi precedenti al 2025.
Prologis (NYSE: PLD) ha anunciado una iniciativa significativa junto a otros importantes REIT industriales para estandarizar los cálculos de métricas de propiedades no GAAP en el sector. El Grupo REIT Industrial, que incluye a Prologis, EastGroup Properties, First Industrial Realty Trust y STAG Industrial, ha actualizado su metodología para métricas clave como estabilización de propiedades, ocupación, cambio de renta y retención de clientes.
Basándose en sus esfuerzos de armonización de 2018, el grupo ha reafirmado los criterios para los cálculos de la cartera de tiendas comparables y la exclusión de propiedades de valor añadido y de reurbanización. Aunque pueden persistir pequeñas diferencias en los cálculos, esta estandarización tiene como objetivo mejorar la consistencia y comparabilidad en todo el sector. Las nuevas metodologías se incorporan a las directrices de Prologis para 2025 y no se espera que impacten materialmente las métricas no GAAP de la empresa para los períodos anteriores a 2025.
프로로지스 (NYSE: PLD)는 다른 주요 산업 REIT와 함께 업계 전반에 걸쳐 비 GAAP 부동산 지표 계산을 표준화하는 중요한 이니셔티브를 발표했습니다. 프로로지스, 이스트그룹 프로퍼티스, 퍼스트 인더스트리얼 리얼티 트러스트, STAG 인더스트리얼로 구성된 산업 REIT 그룹은 부동산 안정화, 점유율, 임대 변화 및 고객 유지와 같은 주요 지표에 대한 방법론을 업데이트했습니다.
2018년의 조화 노력에 기반하여, 이 그룹은 동일 매장 포트폴리오 계산 기준과 가치 추가 및 재개발 부동산의 제외 기준을 재확인했습니다. 소규모 계산 차이는 여전히 존재할 수 있지만, 이 표준화는 업계 전반의 일관성과 비교 가능성을 향상시키는 것을 목표로 합니다. 새로운 방법론은 프로로지스의 2025년 지침에 포함되며, 2025년 이전 기간의 비 GAAP 지표에 실질적인 영향을 미치지 않을 것으로 예상됩니다.
Prologis (NYSE: PLD) a annoncé une initiative significative avec d'autres grands REIT industriels pour standardiser les calculs des métriques immobilières non GAAP dans le secteur. Le Groupe REIT Industriel, composé de Prologis, EastGroup Properties, First Industrial Realty Trust et STAG Industrial, a mis à jour sa méthodologie pour des métriques clés, y compris la stabilisation des propriétés, le taux d'occupation, le changement de loyer et la fidélisation des clients.
En s'appuyant sur leurs efforts d'harmonisation de 2018, le groupe a réaffirmé les critères pour les calculs des portefeuilles de magasins comparables et l'exclusion des propriétés à valeur ajoutée et de réaménagement. Bien que de légères différences de calcul puissent persister, cette standardisation vise à améliorer la cohérence et la comparabilité dans tout le secteur. Les nouvelles méthodologies sont intégrées dans les prévisions de Prologis pour 2025 et ne devraient pas avoir d'impact matériel sur les métriques non GAAP de l'entreprise pour les périodes antérieures à 2025.
Prologis (NYSE: PLD) hat eine bedeutende Initiative zusammen mit anderen großen Industrie-REITs angekündigt, um die Berechnung von nicht-GAAP-Immobilienkennzahlen im Sektor zu standardisieren. Die Industrial REIT Group, bestehend aus Prologis, EastGroup Properties, First Industrial Realty Trust und STAG Industrial, hat ihre Methodik für Schlüsselkennzahlen aktualisiert, darunter Immobilienstabilisierung, Belegung, Mietänderung und Kundenbindung.
Aufbauend auf ihren Harmonisierung Bemühungen von 2018 hat die Gruppe die Kriterien für die Berechnung des gleichen Portfolios bekräftigt und den Ausschluss von wertschöpfenden und Entwicklungsimmobilien festgelegt. Obwohl geringfügige Berechnungsunterschiede bestehen bleiben können, zielt diese Standardisierung darauf ab, die Konsistenz und Vergleichbarkeit im gesamten Sektor zu verbessern. Die neuen Methoden sind in die Prognosen von Prologis für 2025 integriert und sollen sich nicht wesentlich auf die nicht-GAAP-Kennzahlen des Unternehmens für Zeiträume vor 2025 auswirken.
- Improved transparency and comparability of metrics across industrial REITs
- No material impact expected on historical non-GAAP metrics
- Strengthened industry leadership position through standardization initiative
- None.
Building on the 2018 harmonization initiative, the Industrial REIT Group reaffirmed its approach to determining property stabilization, occupancy, rent change, and customer retention. Additionally, the annual same-store portfolio will continue to include only properties that were stabilized in both the current and prior periods presented. Criteria to exclude value-added and redevelopment properties from the same store portfolio was also reaffirmed.
All Industrial REIT Group members will align their non-GAAP metrics with these methodologies when the metric is disclosed. These methodologies are incorporated in Prologis' 2025 guidance and are not expected to have a material impact on Prologis' non-GAAP metrics for periods prior to 2025.
While minor differences may remain in calculation methods or terminology, the shared goal is to enhance consistency and comparability across the sector.
About Prologis
The world runs on logistics. At Prologis, we don't just lead the industry, we define it. We create the intelligent infrastructure that powers global commerce, seamlessly connecting the digital and physical worlds. From agile supply chains to clean energy solutions, our ecosystems help your business move faster, operate smarter and grow sustainably. With unmatched scale, innovation and expertise, Prologis is a category of one–not just shaping the future of logistics but building what comes next. Learn more at Prologis.com.
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SOURCE Prologis, Inc.
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