Prologis, Inc. (PLD) Q1 2025 Earnings Call

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WEBVTT 00:00:00.520 -- 00:00:05.768 Greetings and welcome to the Prologis First Quarter 2025 Earnings Conference Call. 00:00:05.768 -- 00:00:09.173 At this time, all participants are in a listen-only mode. 00:00:09.173 -- 00:00:12.678 A question and answer session will follow the formal presentation. 00:00:12.678 -- 00:00:16.584 If anyone should require operator assistance, please press star zero on your telephone 00:00:16.584 -- 00:00:21.111 keypad. And as a reminder, this conference is being recorded. 00:00:21.111 -- 00:00:26.038 It is now my pleasure to introduce to you Justin Meng, Senior Vice President and Head 00:00:26.038 -- 00:00:30.693 of Investor Relations. Thank you, Justin. You may begin. 00:00:30.693 -- 00:00:35.480 Thanks, John, and good morning, everyone. Welcome to our first quarter 2025 earnings 00:00:35.480 -- 00:00:40.247 conference call. The supplemental document is available on our website at Prologis.com 00:00:40.247 -- 00:00:45.114 under investor relations. I'd like to state that this conference call will contain forward-looking 00:00:45.114 -- 00:00:50.722 statements under federal securities laws. These statements are based on current expectations, 00:00:50.722 -- 00:00:55.529 estimates, and projections about the market and the industry in which Prologis operates, 00:00:55.529 -- 00:00:58.503 as well as management's beliefs and assumptions. 00:00:58.503 -- 00:01:02.489 Forward-looking statements are not guarantees of performance, and actual operating results 00:01:02.489 -- 00:01:07.117 may be affected by a variety of factors. For a list of those factors, please refer to 00:01:07.117 -- 00:01:11.844 the forward-looking statement notice in our 10-K or other SEC filings. 00:01:11.844 -- 00:01:15.951 Additionally, our first quarter earnings press...