Prologis Posts $2.39B in Q3 Revenue
PLD sits 18% above its 52-week low of $111.81.
Summary
Prologis reported third-quarter revenue of $2.39 billion, third-quarter EPS of 86 cents and third-quarter net income of $817.1 million, and it sees 2026 net earnings guidance of $4.05-$4.15 per share, with Core FFO guidance of $6.25-$6.29 per share. The results land after a busy stretch in which Prologis agreed to buy UK warehouse landlord Segro for £14.3 billion in an all-share deal and priced a 15-million-share offering at $139.85 to help fund it. The Segro deal is the dominant story for the stock right now, and Q3 results will be read for integration costs and any change to the funding plan. The headline revenue figure was the first hard number from the Q3 period, and the EPS and guidance detail that actually moves the shares now accompanies it.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — Prologis' 2026 net earnings guidance is $4.05-$4.15 per share, with Core FFO guidance of $6.25-$6.29 per share.
At the time of this announcement, PLD was trading at $132.00 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $126.5B. The 52-week trading range was $111.81 to $153.35. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.