1315_Nareit Testimonials_Peek_20240321_v2

Katelyn Peek, vice president of SEC reporting at Prologis, Inc. (NYSE: PLD), participated in a video interview during Nareit’s REITwise: 2024 Law, Accounting & Finance Conference held March 19-21 in Hollywood, Fla.

Peek discussed the evolving landscape of SEC trends and critical audit matters within the real estate industry, emphasizing the enduring focus on non-GAAP measures. She highlighted MD&A, business segments, revenue recognition, and non-GAAP measures as key areas of scrutiny in SEC comment letters.

Regarding critical audit matters (CAMs) in the real estate sector, Peek noted a decline in overall CAMs, citing impairment and purchase price allocations as primary concerns. Despite the decrease, these remain pivotal areas for audit scrutiny, she said.

Peek also touched on the recent climate change ruling by the SEC, emphasizing it as a top priority for Prologis. She highlighted the expanded regulatory requirements for public filers, noting the need for heightened attention in upcoming reporting cycles.

Peek also underscored the impact of recent regulatory changes, particularly the new ASUs related to business segments and income taxes, set to influence reporting cycles in 2024 and 2025.