Prologis Q2 Earnings Nearly Double, Raises FY26 Guidance Above Consensus
PLD sits 39% above its 52-week low of $103.41.
Summary
Prologis delivered a standout Q2: net earnings nearly doubled to $1.06B ($1.13/share) from $570M a year ago, driven by revenue growth to $2.43B. Core FFO hit $1.63, well above the $1.46 prior-year figure. The company raised its full-year 2026 net earnings guidance to $4.40-$4.55 per share, up sharply from the prior $3.80-$4.05 range, and lifted core FFO guidance to $6.22-$6.30. This follows a rejected $16.6B bid for Segro and recent debt offerings, signaling strong operational momentum despite M&A setbacks. The guidance raise is material and likely to drive upward estimate revisions.
At the time of this announcement, PLD was trading at $143.50 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 8 out of 10. Source: dpa-AFX.