Prologis (NYSE:PLD) Issues FY 2026 Earnings Guidance

Prologis (NYSE:PLD) issued an update on 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.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on PLD shares. UBS Group set a $150.00 price objective on shares of Prologis in a report on Friday. Scotiabank upgraded shares of Prologis from a “sector perform” rating to a “sector outperform” rating and set a $150.00 price target for the company in a research note on Tuesday. BMO Capital Markets reaffirmed an “outperform” rating on shares of Prologis in a research report on Friday. Williams Trading set a $150.00 price objective on Prologis in a research note on Friday. Finally, Mizuho upped their price target on Prologis from $150.00 to $159.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Seventeen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $153.82.

Prologis Stock Down 1.0%

PLD stock traded down $1.29 during midday trading on Friday, reaching $125.65. 5,791,636 shares of the company were exchanged, compared to its average volume of 4,180,670. The stock’s 50-day simple moving average is $135.65 and its 200 day simple moving average is $139.84. Prologis has a 1-year low of $121.17 and a 1-year high of $153.35. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.70 and a current ratio of 0.34. The company has a market cap of $117.24 billion, a price-to-earnings ratio of 27.74 and a beta of 1.31.

Prologis (NYSE:PLD) last announced its quarterly earnings results on Thursday, October 15th. The real estate investment trust reported $1.60 EPS for the quarter, topping the consensus estimate of $0.78 by $0.82. Prologis had a net margin of 45.51% and a return on equity of 7.28%. The firm had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period last year, the business earned $1.49 EPS. Prologis’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, equities analysts forecast that Prologis will post 6.27 earnings per share for the current year.

Prologis Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Wednesday, September 16th. Prologis’s dividend payout ratio is presently 95.32%.

Key Headlines Impacting Prologis

Here are the key news stories impacting Prologis this week:

• Positive Sentiment: Prologis reported third-quarter core FFO of $1.60 per share, ahead of the $1.58 consensus estimate and up from $1.49 a year earlier. Revenue increased 7.8% year over year to $2.39 billion, while occupancy remained high at 95.4%. Prologis Q3 FFO and Revenues Top Estimates
• Positive Sentiment: Management cited healthy warehouse demand from e-commerce and data centers, a 38% increase in Prologis Share net effective rents, and a $1.024 billion development-start pipeline. Replacement-cost rents are reportedly 27% above current logistics-market rents, supporting long-term pricing power. Prologis: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: BTIG reiterated its Buy rating and assigned a $170 price target, arguing that the selloff provides an attractive entry point. The firm cited Prologis’ financial flexibility, global platform and external-growth pipeline as defenses against data-center challenges. Prologis Analyst Touts Ample Defenses Against Data Center Challenges
• Neutral Sentiment: Prologis maintained 2026 EPS guidance of $6.25 to $6.29, broadly in line with the $6.27 analyst consensus, but the narrower range and cautious commentary limited the benefit of the earnings beat. Prologis Cuts 2026 Guidance Despite Q3 Earnings Beat
• Negative Sentiment: Investors remain concerned about interest-rate volatility, development returns and Prologis’ 5.8-gigawatt data-center pipeline. Data-center supply-chain tenants represented 17% of U.S. leasing, increasing sensitivity to sector-specific demand and supply risks. PLD Q3 Earnings Call Highlights Rent Recovery and Rate Risks

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.