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Prologis, Inc. (PLD) stock

PLDNYSEReal Estate Investment TrustsFiscal year ends December 31Also trades as PLDGP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 28, 2026Score 11/3013% above fair value
$127.98−0.04 (-0.03%)

Close on Oct 30, 2026Market cap $119.42BP/E 28.5Yield 3.16%

Earnings

Prologis's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report
Jan 20, 2027
Q4 FY2026 · estimated, before the open
Revenue, Q3 FY2026
$2.39B
+7.9% on a year earlier
Core FFO attributable to common stockholders/unitholders*, Q3 FY2026
$1.60
$1.49 a year earlier
Latest guidance
Issued
Oct 15, 2026 · 4 items

Quarterly results

Revenue and earnings per share from each of Prologis's earnings releases, newest first

QuarterReportedRevenueYoYEPSAdj. EPSSource
Q4 FY2026ended Dec 31, 2026Jan 20, 2027Expected–––––
Q3 FY2026ended Sep 30, 2026Oct 15, 2026before the open$2.39B+7.9%$0.86$1.60Release
Q2 FY2026ended Jun 30, 2026Jul 16, 2026before the open$2.43B+11.0%$1.13$1.63Release
Q1 FY2026ended Mar 31, 2026Apr 16, 2026before the open$2.30B+7.4%$1.05$1.50Release
Q4 FY2025ended Dec 31, 2025Jan 21, 2026before the open$2.25B+2.4%$1.49$1.44Release
Q3 FY2025ended Sep 30, 2025Oct 15, 2025before the open$2.21B+8.7%$0.82$1.49Release
Q2 FY2025ended Jun 30, 2025Jul 16, 2025before the open$2.18B–$0.61$1.46Release
Q1 FY2025ended Mar 31, 2025Apr 16, 2025before the open$2.14B–$0.63$1.42Release
Q4 FY2024ended Dec 31, 2024Jan 21, 2025before the open$2.20B–$1.37$1.50Release
Q3 FY2024ended Sep 30, 2024Oct 16, 2024before the open$2.04B–$1.08$1.43Release
Q2 FY2024ended Jun 30, 2024Jul 17, 2024before the open––––Release
Q1 FY2024ended Mar 31, 2024Apr 17, 2024before the open––––Release

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

Prologis's latest outlook for periods it has not reported yet, compared with what it said before

MetricPeriodGuidanceBeforeChangeGiven
Strategic capital revenue, excluding promote revenueFY2026$660.00M – $680.00M$660.00M – $680.00MReaffirmedJul 16, 2026
Same store NOI - cash - Prologis Share*non-GAAPFY2026+7% – +7.5%–NewOct 15, 2026
Same store NOI - cash - Prologis Share*non-GAAPFY2026+6.75% – +7.25%+6.25% – +7%RaisedJul 16, 2026
Net earnings attributable to common stockholdersGAAPFY2026$4.05 – $4.15–NewOct 15, 2026
Net earnings attributable to common stockholdersGAAPFY2026$4.40 – $4.55$3.80 – $4.05RaisedJul 16, 2026
Core FFO attributable to common stockholders/unitholders*non-GAAPFY2026$6.25 – $6.29–NewOct 15, 2026
Core FFO attributable to common stockholders/unitholders*non-GAAPFY2026$6.22 – $6.30$6.07 – $6.23RaisedJul 16, 2026
Development starts - PROLOGIS SHAREFY2026$4.50B – $5.50B$2.25B – $2.75BRaisedJul 16, 2026
Acquisitions - OWNED AND MANAGEDFY2026$2.00B – $3.00B–RaisedJan 21, 2026
Acquisitions - Prologis ShareFY2026$1.00B – $1.50B$1.00B – $1.50BLoweredApr 16, 2026
Average occupancy - Prologis ShareFY202695.25% – 95.5%–NewOct 15, 2026
Average occupancy - Prologis ShareFY202695.25% – 95.75%95% – 95.75%RaisedJul 16, 2026
Contributions - OWNED AND MANAGEDFY2026$3.25B – $3.75B$2.50B – $3.00BRaisedJul 16, 2026
Contributions - PROLOGIS SHAREFY2026$2.00B – $2.50B$1.75B – $2.25BLoweredJul 16, 2026
Development stabilizations - OWNED AND MANAGEDFY2026$2.50B – $3.00B–RaisedJul 16, 2026
Development stabilizations - PROLOGIS SHAREFY2026$2.25B – $2.75B$2.25B – $2.75BRaisedJul 16, 2026
Development starts - Prologis ShareFY2026$3.50B – $4.50B–RaisedApr 16, 2026
Dispositions - OWNED AND MANAGEDFY2026$3.00B – $3.50B$2.50B – $3.00BRaisedJul 16, 2026
Dispositions - PROLOGIS SHAREFY2026$2.25B – $2.75B$1.75B – $2.25BLoweredJul 16, 2026
General & administrative expensesFY2026$510.00M – $525.00M$510.00M – $525.00MLoweredJul 16, 2026
Net Promote Income (Expense)FY2026-$50.00M-$50.00MLoweredApr 16, 2026
Realized development gainsFY2026$600.00M – $700.00M$500.00M – $700.00MRaisedJul 16, 2026

Guidance vs results

The last range Prologis gave before each report, against the figure it then reported. Full years add up the four quarters.

PeriodMetricGuidanceActualResult
FY2025Core FFO attributable to common stockholders/unitholders*$5.78 – $5.81$5.81Σ4QWithin range
FY2025EPS (GAAP)$3.40 – $3.50$3.55Σ4QAbove range

Guidance history

Every forecast Prologis put in an earnings release, newest first

GivenMetricPeriodGuidanceChange
Oct 15, 2026Same store NOI - cash - Prologis Share*FY2026+7% – +7.5%New
Oct 15, 2026Core FFO attributable to common stockholders/unitholders*FY2026$6.25 – $6.29New
Oct 15, 2026Net earnings attributable to common stockholdersFY2026$4.05 – $4.15New
Oct 15, 2026Average occupancy - Prologis ShareFY202695.25% – 95.5%New
Jul 16, 2026Development starts - PROLOGIS SHAREFY2026$4.50B – $5.50BRaised
Jul 16, 2026Development starts - OWNED AND MANAGEDFY2026$5.50B – $6.50BRaised
Jul 16, 2026Acquisitions - PROLOGIS SHAREFY2026$1.50B – $2.00BLowered
Jul 16, 2026Acquisitions - OWNED AND MANAGEDFY2026$2.50B – $3.50BRaised
Jul 16, 2026Same store NOI - cash - Prologis Share*FY2026+6.75% – +7.25%Raised
Jul 16, 2026Same store NOI - net effective - Prologis Share*FY2026+5.25% – +5.75%Lowered
Jul 16, 2026Core FFO attributable to common stockholders/unitholders*FY2026$6.22 – $6.30Raised
Jul 16, 2026Core FFO attributable to common stockholders/unitholders, excluding Net Promote Income (Expense)*FY2026$6.22 – $6.30Reaffirmed
Jul 16, 2026Net earnings attributable to common stockholdersFY2026$4.40 – $4.55Raised
Jul 16, 2026Dispositions - OWNED AND MANAGEDFY2026$3.00B – $3.50BRaised
Jul 16, 2026Average occupancy - Prologis ShareFY202695.25% – 95.75%Raised
Jul 16, 2026General & administrative expensesFY2026$510.00M – $525.00MLowered
Jul 16, 2026Realized development gainsFY2026$600.00M – $700.00MRaised
Jul 16, 2026Development stabilizations - PROLOGIS SHAREFY2026$2.25B – $2.75BRaised
Jul 16, 2026Development stabilizations - OWNED AND MANAGEDFY2026$2.50B – $3.00BRaised
Jul 16, 2026Dispositions - PROLOGIS SHAREFY2026$2.25B – $2.75BLowered

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.

Press releases

Releases Prologis filed with the SEC as exhibits to Form 8-K or 6-K

  1. Results
  2. Results
  3. Results
  4. Results
  5. Results
  6. Results
  7. Results
  8. Results
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  15. Results