Prologis posts Q3 2026 earnings beat, signs 60 M sq ft of leases and lifts 2026 guidance
Prologis reported third‑quarter 2026 net earnings of $0.86 per share and Core FFO of $1.60 per share, both above the prior year and analyst expectations. The company signed 60 million square feet of new leases and announced roughly $2.3 billion of transactions, while confirming progress on its pending merger with SEGRO. It raised its full‑year 2026 net‑earnings guidance to $4.05‑$4.15 per share and core FFO guidance to $6.25‑$6.29 per share.
Why it matters
The higher guidance, cited by the company in its earnings release, suggests stronger cash flow and earnings potential for 2026, which may support a higher valuation for PLD. The merger with SEGRO, noted as a milestone by the CEO, could expand Prologis’ European footprint and increase scale.
Key facts
- 1Net earnings per diluted share for Q3 2026 were $0.86, up from $0.82 in Q3 2025. prnewswire.com
- 2Core funds from operations (Core FFO) per diluted share for Q3 2026 were $1.60, up from $1.49 in Q3 2025. prnewswire.com
- 3Prologis signed 60 million square feet of leases during the quarter. prnewswire.com
- 4The company announced approximately $2.3 billion of transactions in the quarter. prnewswire.com
- 5Full‑year 2026 net‑earnings guidance was raised to $4.05‑$4.15 per share. financial-news.co.uk
- 6Full‑year 2026 core FFO guidance was set at $6.25‑$6.29 per share. seekingalpha.com
Summary written by AlphAI AI Desk from 15 of 15 sources. Not investment advice. Figures are as stated by the linked sources.