Prologis Inc NYSE:PLD Price, Chart, News & Insight

Prologis Falls 1.1% as Lower 2026 Net Earnings Guidance Offsets Solid Q3 Operations

Prologis (NYSE: PLD) shares fell about 1.1% after the industrial REIT reported higher third-quarter earnings and healthy leasing activity but sharply reduced its 2026 GAAP earnings outlook.

Third-quarter net earnings were $0.86 per diluted share, up from $0.82 a year earlier. Core FFO increased to $1.60 per share from $1.49, while Core FFO excluding net promote income was $1.61 versus $1.50.

Operating activity remained solid. Prologis signed 60 million square feet of leases during the quarter and announced nearly $2.3 billion of transactions. Management said customer inventory levels remain lean and excess logistics-network capacity has largely cleared, with demand supported by e-commerce, advanced manufacturing and the data-center supply chain.

The main negative appears to be the revised full-year earnings outlook. Prologis lowered its 2026 net earnings guidance to $4.05-$4.15 per share from $4.40-$4.55 previously. In contrast, Core FFO guidance was narrowed slightly higher at the low end to $6.25-$6.29 from $6.22-$6.30.

Management also highlighted progress on the planned SEGRO transaction following shareholder approval, which would expand Prologis' European platform. The company said its balance sheet continues to provide flexibility to invest despite the higher interest-rate environment.

The 1.1% decline therefore appears to reflect the sizeable reduction in GAAP earnings guidance and broader rate sensitivity among REITs, partially offset by resilient leasing demand, higher Core FFO and relatively stable underlying operating expectations.

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The Investor 10-15-26

The Board of Directors of Prologis, Inc. (NYSE: PLD) declared a regular cash dividend for the quarter ending June 30, 2026, on the following securities:

A dividend of $1.07 per share of the company's common stock, payable on June 30, 2026, to common stockholders of record at the close of business on June 16, 2026; and

A dividend of $1.0675 per share of the company's 8.54% Series Q Cumulative Redeemable Preferred Stock, payable on June 30, 2026, to Series Q stockholders of record at the close of business on June 16, 2026.

PRNewswire

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Global Finance News 04-29-26

Prologis reported strong first-quarter 2026 results, with net earnings rising to $1.05 per share from $0.63 a year earlier, while core funds from operations (Core FFO) increased to $1.50 per share.

The logistics real estate giant highlighted record leasing activity, signing 64 million square feet during the quarter, supported by resilient demand and high occupancy levels of around 95%. Rent growth remained robust, with net effective rents increasing nearly 32%, reflecting continued strength in the logistics property market.

Prologis also expanded its data center platform, launching $1.3 billion in build-to-suit developments as part of its push into digital infrastructure. Strategic partnerships with major investors are expected to enhance capital access and support large-scale investments.

The company maintained a solid financial position, with $6.7 billion in liquidity and disciplined leverage, while continuing active development and acquisition activity. Management indicated that strong execution and capital strength support an improved outlook for Core FFO despite ongoing geopolitical uncertainties.
PRNewswire

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Global Finance News 04-17-26

La Caisse and Prologis Launch €1B European Logistics Joint Venture

Prologis and La Caisse have agreed to form a pan-European logistics joint venture, anchored by an initial €1 billion portfolio of assets.

The new platform, named Prologis Logistics Investment Venture Europe (PLIVE), will focus on acquiring, developing, and operating logistics properties across key markets including France, Germany, the Netherlands, Sweden, and the UK. La Caisse will hold a 70% stake, while Prologis will act as operating partner with a 30% interest.

The seed portfolio includes approximately 844,000 square meters of logistics space, combining income-generating assets and development sites. The partners plan to expand the platform through further acquisitions and development in Europe’s core logistics corridors.

The venture reflects strong confidence in long-term demand for logistics infrastructure, driven by e-commerce growth and supply chain reshoring trends. The transaction is expected to close in the second quarter of 2026.
PRNewswire

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WS Investor 04-09-26

Prologis and GIC announced the formation of a $1.6 billion joint venture to develop and own build-to-suit logistics facilities across major U.S. markets.

The partnership includes an initial portfolio of approximately 4.1 million square feet, with additional capacity for future investments. It combines Prologis’ development and operational expertise with GIC’s long-term institutional capital, and will operate under Prologis Strategic Capital.

The venture targets growing demand for customized logistics facilities driven by e-commerce expansion, supply chain reshoring, and resilient consumer spending. Build-to-suit projects, which are typically pre-leased and designed for long-term use, are seen as offering stable returns and lower risk, reinforcing Prologis’ strategy to scale its development pipeline alongside institutional partners.
PRNewsaire

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Global Finance News 03-19-26

Prologis, Inc. (NYSE: PLD) announced that its Board of Directors approved a 6% increase in its annualized common stock dividend to $4.28 per share.

For the quarter ending March 31, 2026, the board declared:

* A common stock dividend of $1.07 per share, payable March 31, 2026 to shareholders of record on March 17, 2026.
* A dividend of $1.0675 per share on its 8.54% Series Q Cumulative Redeemable Preferred Stock, also payable March 31, 2026 to holders of record on March 17, 2026.

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WS Investor 02-13-26

Prologis, Inc. reported fourth-quarter and full-year 2025 results, highlighting record leasing activity and continued investment in energy and digital infrastructure to support data center demand. The company said it signed 228 million square feet of leases during 2025 and ended the fourth quarter with period-end occupancy of 95.8% in its owned and managed portfolio.

For the fourth quarter, Prologis posted net earnings of $1.49 per diluted share, up from $1.37 a year earlier, while Core FFO per diluted share was $1.44 versus $1.50 in the prior-year quarter. For the full year, net earnings were $3.56 per diluted share compared with $4.01 in 2024, and Core FFO per diluted share rose to $5.81 from $5.56. Management said customer demand is supporting long-term leasing decisions and positioned the company for earnings growth, citing embedded rent growth, disciplined capital deployment, and access to global capital.

Prologis also emphasized progress in its data center and energy initiatives. During the quarter, it expanded its data center power pipeline to 5.7 gigawatts of capacity secured or in advanced procurement and said it surpassed its 1 gigawatt target for installed solar and battery storage. In capital deployment, the company reported $517 million of acquisitions, $1.02 billion of development starts, and $539 million of development stabilizations in the quarter, alongside $1.89 billion of dispositions and contributions.

For 2026, Prologis guided to net earnings of $3.70 to $4.00 per diluted share and Core FFO of $6.00 to $6.20 per diluted share. Operational guidance included average occupancy of 94.75% to 95.75% and cash same-store NOI growth of 5.75% to 6.75%, with planned development starts of $3.0 to $4.0 billion and acquisitions of $1.0 to $1.5 billion.

Source: Prologis, Inc., PR Newswire press release, January 21, 2026

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WS Investor 01-24-26

Prologis, L.P. (NYSE: PLD) announced the pricing of C$700 million aggregate principal amount of 3.600% notes due February 15, 2032. The notes, issued under the company’s existing shelf registration, will yield net proceeds of approximately C$693.6 million. The funds will be used for general corporate purposes, including debt repayment.

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The Investor 10-27-25

Prologis Issues €1 Billion in Euro-Denominated Notes

Prologis announced the completion of a €1 billion debt offering through Prologis Euro Finance LLC and Prologis, L.P. The issuance includes €500 million of 3.25% notes due 2032 and €500 million of 3.875% notes due 2037, both senior unsecured obligations fully guaranteed by Prologis, L.P.

Net proceeds of about €989.2 million ($1.2 billion) will be used for general corporate purposes, including debt repayment and refinancing. The notes are redeemable before maturity under specified terms and were issued under Prologis’s existing shelf registration with the SEC.

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WS Investor 09-22-25

Prologis Powers $3.2 Trillion in Global Trade, Supports 3.6 Million Jobs in 2025

prologis, Inc. (NYSE: PLD) released its 2024 Future Flow of Goods report, revealing the company’s immense role in the global economy. Nearly $3.2 trillion worth of goods moved through Prologis facilities last year—2.9% of global GDP—and the company’s operations supported 3.6 million jobs worldwide.

Key Global Findings:
• $348 billion contributed to the global economy via direct, indirect, and induced impacts
• $77 billion in global tax revenue generated
• Warehouse employment up 8% globally since 2022
o Mexico: +91% employment growth
o Canada: +47% employment growth

U.S. Regional Highlights:
• $2 trillion in goods flowed through Prologis U.S. warehouses
• California: $465B in goods throughput, 162,000 jobs, $54B GDP impact
• Texas: $273B throughput, over 223,000 jobs
• Illinois, Georgia, Pennsylvania: Each saw >$100B in throughput and tens of thousands of jobs

Leadership Commentary:

CEO Hamid R. Moghadam emphasized Prologis’ essential role in the supply chain, calling the company “the critical link that keeps goods, services and local economies moving.” President Dan Letter added that Prologis’ facilities are “engines of economic activity.”

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The Investor 07-30-25

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