Prologis Reports Third Quarter 2026 Results
Key Highlights
- ➤Core FFO per share rose to $1.60 from $1.49 year over year
- ➤2026 Core FFO guidance raised to $6.25-$6.29 per share
- ➤2026 net earnings guidance cut to $4.05-$4.15 per share
- ➤Prologis signed 60 million square feet of leases this quarter
- ➤Prologis announced nearly $2.3 billion of transactions
Expert Statements
Daniel S. Letter, Chief executive officer of Prologis
“We executed well on our plan this quarter, signing 60 million square feet of leases and announcing nearly $2.3 billion of transactions”
Daniel S. Letter, Chief executive officer of Prologis
“Customers are running lean on inventory, and excess capacity within their networks has largely cleared. We see healthy demand supported by e-commerce, advanced manufacturing and the build-out of the data center supply chain.”
Daniel S. Letter, Chief executive officer of Prologis
“On SEGRO, shareholder approval was an important milestone in bringing our two companies together. We look forward to completing the transaction and expanding our platform in Europe, increasing the scale at which we can serve customers.”
Timothy D. Arndt, Chief financial officer of Prologis
“Our financial results reflect another quarter of strong operating performance and disciplined capital allocation”
Timothy D. Arndt, Chief financial officer of Prologis
“That performance, together with the strength of our balance sheet, gives us the capacity and flexibility to continue investing in growth even in a higher interest rate environment.”
SAN FRANCISCO, Oct. 15, 2026 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD) today announced results for the quarter ended September 30, 2026.
* Net earnings per diluted share was $0.86, compared with $0.82 for the same period in 2025. * Core funds from operations (Core FFO)* per diluted share was $1.60, compared with $1.49 for the same period in 2025. * Core FFO, excluding Net Promote Income (Expense)* per diluted share was $1.61, compared with $1.50 for the same period in 2025. "We executed well on our plan this quarter, signing 60 million square feet of leases and announcing nearly $2.3 billion of transactions," said Daniel S. Letter, chief executive officer of Prologis. "Customers are running lean on inventory, and excess capacity within their networks has largely cleared. We see healthy demand supported by e-commerce, advanced manufacturing and the build-out of the data center supply chain."
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