Prologis Issues FY EPS Guidance of $4.40-$4.55
PLD sits 40% above its 52-week low of $103.41.
Summary
Prologis provided full-year EPS guidance of $4.40 to $4.55 and raised its 2026 outlook, now expecting core FFO of $6.22 to $6.30 per share. The company reported Q2 revenue and profit that beat estimates, supported by record leasing and improving operating fundamentals. Prologis has been active in capital markets, with recent debt offerings totaling over $2.5 billion across multiple currencies, and its $16.6 billion bid for Segro was rejected in late June. The stock is trading near its 52-week high of $150.18, suggesting the market may have already priced in strong performance.
At the time of this announcement, PLD was trading at $144.80 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $136.5B. The 52-week trading range was $103.41 to $150.18. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.