Prologis drives third-quarter revenue to $2.39 billion
- Prologis (NYSE:PLD) generated third-quarter 2026 Core FFO of $1.60 per diluted share as revenue reached $2,388 million.
- The company narrowed its full-year Core FFO guidance to $6.25–$6.29 while lowering its net earnings outlook.
- Average portfolio occupancy reached 95.1% while cash same-store net operating income grew 5.9%.
Prologis (NYSE:PLD) reported third-quarter 2026 Core FFO of $1.60 per diluted share as total revenue increased to $2,388 million.
The quarterly performance improved from the prior-year period, when the real estate investment trust generated Core FFO of $1.49 per share on revenue of $2,214 million.
Diluted net earnings for the three-month period rose to $0.86 per share, supported by 5.9% growth in cash same-store net operating income.
The company lowered its full-year net earnings guidance to $4.05–$4.15 per share while narrowing its Core FFO outlook to $6.25–$6.29 per share.
During the quarter, Prologis executed $702 million in acquisitions and initiated $964 million in new development starts on its owned share.
The company maintained available liquidity of approximately $8.8 billion while securing SEGRO shareholder approval for its pending corporate transaction.
