morning in our Tracy, net quarter few than and forecast. constrained second Thanks, to absorption very remain being are in markets Market exceptions portfolio strong continues and joining faster limited good our prior check growing supply call. by across despite rents thanks for and availability. our our With be
up and X%. We’re raising for our year up XX points now X.X% growth. same global in estimates over rents and leases our strong XXX globally, to The extending quarter the growth U.S. for store widened U.S. in-place further spread the with XX% almost rent to points runway full at Europe X% and and NOI market in the between stands basis basis XX% at the
momentum second with and the great results, with per FFO Looking $X.XX of year quarter carried started the into to core we that share.
Our well store share and high results of growth were space by as was located demand. These NOI at in remains led U.S. quality exceptional cash X.X%. X% same the
creation was margin over square includes years. estimated development and an totaled was of Stabilizations Occupancy million of five This by on share Our million. had to an U.S. record in with XX XX.X%. quarter feet X which X.X roll $XXX up effective XX.X% over the average Leasing was and of over points leasing XX%. million net term in at million nearly square XX% led of change basis rent XX a the value feet volume China. sequentially
gains. year, far in million realized more So development we’ve $XXX this earned than
activity but back contribution disposition quarter we recycling capital expect second the Our was and of half to the accelerate our year. light, in
for sale. assets as our held wholly-owned both fund classified in increase significant a note You'll and
within set for adding DCT, to major gone going their assets With a forward with their close the high very is and well team. hard. to vote. quality has we and have integration XXth, expect pending the Given funds respect to Prologis look days escrow of transactions to few August that welcoming their been contract employees we some transaction we several following under have The our shareholder to process the and portfolio meeting and
We annual continue balance the we to synergies expect With million in synergies capital. sources incremental and $XX have as of well of $XX development attractive one as million business, to of of creation. day-one access future best revenue value sheets
capitalize bond weighted and term they of XX of self-fund given we almost of the to over average fund and $X as we rate opportunities arise As very deployment rebalances. $XXX our during in previously a of interest issued X.X% potential well-positioned our announced quarter, years. that billion liquidity, and on million had remain billion We $X
guidance Moving full Also share significant Page cover include guidance updates basis X refer complete our supplemental. acquisition. I'll does the for but on the pending their our to note DCT from our not for detail to year, that accretion of
the the on by Based of second from of transaction results, transition, midpoint incorporate same range cash are impact the be NOI after will stores basis X.X%. points guidance to quarter We this to strength increasing we our XX our updated closing.
we built-to-suit raising increasing and billion also accelerated elements, guidance of $X.X now billion. starts As earned and quarter. our we million a are per Remaining by between now net perspective full $XXX fourth and between pipeline range in lease by expanding income an result will per the $X.X higher of With our contribution the now billion income $X.X to to now $X.X to year We're million valuation net $X.XX share promote range for guidance between be and $XXX $X.XX promote $X.XX can expect gains our billion. be range our by and in Europe, share.
and portfolio. million million, realized share which between midpoint forecast. the across will raising than $XXX approximately range gains $XXX deployment of our million million to by now higher is We’re million $XXX net valuations prior development At XX our by midpoint, driven higher a the be $XX proceeds our development
half are and when they when the back for to earnings put through As are year, development. the you work the between consider trajectory to of you generated think sources primarily need about lag our
at our of in first the will excluding X% $X.XX the in growth, our X% year a midpoint. second average To per does to FFO quarter. event from the all our to $X.XX quarter Putting we out we're As this year, XXXX this X.X% down XXXX up full not three for for core impact increasing when between from plan investor for called expect range we and $X.XX include at annual plan. far the surpassing two guidance we promotes, midpoint core DCT. $X.XX our laid the Again, this years our together be put the result, context at a third share XXXX, FFO the about
was XXX while our basis Importantly, achieved leverage and our this reducing portfolio realigning by points. over
core XXX a FFO every As reminder about X% growth. to of translates leverage of basis points
that, the leading fuel to ahead, significant with build performance. of embedded And continue our Looking land Hamid. turn bank upside, will it rent of combination the capacity over sector out and to our I'll our leverage
