Prologis (NYSE:PLD) Releases FY 2026 Earnings Guidance

Prologis (NYSE:PLD) updated its FY 2026 earnings guidance on Thursday. The company provided EPS guidance of 6.250-6.290 for the period, compared to the consensus EPS estimate of 6.270.

Analysts Set New Price Targets

PLD has been the topic of several recent analyst reports. Mizuho upped their price target on Prologis from $150.00 to $159.00 and gave the company an “outperform” rating in a research note on Friday, July 17th. Raymond James Financial assumed coverage on shares of Prologis in a research report on Thursday, June 18th. They set a “market perform” rating for the company. Wells Fargo & Company reduced their price target on shares of Prologis from $167.00 to $166.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 1st. BMO Capital Markets decreased their price objective on shares of Prologis from $162.00 to $158.00 and set an “outperform” rating on the stock in a report on Monday, June 29th. Finally, Wall Street Zen raised Prologis from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Seventeen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Prologis presently has an average rating of “Moderate Buy” and a consensus target price of $154.52.

Prologis Price Performance

Shares of PLD opened at $126.92 on Friday. Prologis has a fifty-two week low of $120.25 and a fifty-two week high of $153.35. The firm’s 50 day moving average price is $135.94 and its 200 day moving average price is $139.94. The company has a market cap of $118.43 billion, a P/E ratio of 21.53 and a beta of 1.31. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.63.

Prologis (NYSE:PLD) last announced its quarterly earnings data on Thursday, October 15th. The real estate investment trust reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.82. Prologis had a return on equity of 7.29% and a net margin of 45.79%. The business had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same period last year, the firm earned $1.49 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. Prologis has set its FY 2026 guidance at 6.250-6.290 EPS. On average, research analysts forecast that Prologis will post 6.27 earnings per share for the current fiscal year.

Prologis Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Wednesday, September 16th. Prologis’s payout ratio is 95.32%.

Prologis News Roundup

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Prologis reported third-quarter core FFO of $1.60 per share, above the $1.58 consensus estimate and up from $1.49 a year earlier. Revenue rose 7.8% year over year to $2.39 billion, exceeding estimates. Prologis Q3 FFO and Revenues Top Estimates
• Positive Sentiment: Operating fundamentals remained solid: average portfolio occupancy was 95.4%, period-end occupancy was 95.5%, and Prologis Share net effective rent change reached 38%. Management cited healthy warehouse demand from e-commerce and data centers. Prologis Reports Third Quarter 2026 Results
• Positive Sentiment: Development starts totaled approximately $1.02 billion of expected investment, and reports indicate Prologis raised its development-start forecast again, supporting potential future growth. Prologis Tops Q3 Estimates, Raises Development Starts Forecast Again
• Positive Sentiment: BTIG maintained a Buy rating and a $170 price target, citing robust FFO, global capital flexibility and an external growth pipeline through 2027. Prologis Earns Buy Rating
• Neutral Sentiment: Scotiabank upgraded Prologis to Sector Outperform with a $150 price target, adding to the constructive analyst view. Scotiabank Upgrades Prologis
• Negative Sentiment: Management narrowed or reduced its 2026 outlook, providing EPS guidance of $6.25–$6.29, roughly in line with consensus but less encouraging than investors may have expected after the earnings beat. Higher expenses and slower rent growth also tempered the results. Prologis Cuts 2026 Guidance Despite Q3 Earnings Beat
• Negative Sentiment: Some coverage characterized quarterly revenue as missing estimates, contributing to the weaker market reaction even though FFO exceeded expectations. Elevated borrowing costs remain an additional risk for this capital-intensive REIT. Prologis Sees Healthy Warehouse Demand

About Prologis

Prologis, Inc (NYSE: PLD) is a global logistics real estate company that owns, develops, acquires and manages distribution facilities, warehouses and other properties used throughout the supply chain. Its portfolio serves manufacturers, retailers, transportation providers and third-party logistics companies.

The company provides logistics real estate and related services in key markets across North America, Europe, Asia and Latin America. Its properties are generally located near major population centers, transportation hubs, ports and trade corridors, supporting e-commerce, industrial and distribution operations.

Prologis traces its roots to 1983 and was created in its current form through the 1999 merger of ProLogis and Security Capital Industrial Trust.