Prologis Posts $0.86 EPS, Narrows 2026 FFO as SEGRO Deal Clears Shareholder Vote
PLD is trading near its 52-week low of $116.514 (8.9% above the low).
Summary
Prologis reported Q3 2026 GAAP net income of about $816M, diluted EPS of $0.86, revenue of roughly $2.39B, and core FFO of $1.60 per share, while signing about 60M square feet of leases. Management narrowed full-year 2026 core FFO guidance to $6.25-$6.29. Separately, both Prologis and SEGRO shareholders approved the £14.3B all-share acquisition, moving the deal past its key vote and leaving only remaining closing conditions. The combination is the largest logistics REIT deal in years and materially reshapes Prologis's European footprint. UK Form 8.3 filings show BlackRock holding 10,289,449 PLD shares, with State Street, Citadel, and Janus Henderson also adjusting positions.
At the time of this announcement, PLD was trading at $126.94 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $123B. The 52-week trading range was $116.51 to $153.35. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.