Prologis Reports Third Quarter 2026 Results
Prologis reported Q3 2026 revenue of $2.39 billion with Core FFO per diluted share of $1.60, up from $1.49 a year earlier, and net EPS of $0.86 versus $0.82. Operating metrics were strong: 95.1% average occupancy, 5.9% cash same-store NOI growth, 38.0% net effective rent change, and 60 million square feet of leases signed alongside nearly $2.3 billion of announced transactions. However, GAAP net earnings guidance was cut to $4.05-$4.15 from $4.40-$4.55, while Core FFO guidance was narrowly firmed to $6.25-$6.29. The release also includes U.K.
Key figures
- Eps
- 0.86
- Revenue
- 2387518000
- Guidance
- Net earnings cut to $4.05-$4.15 from $4.40-$4.55; Core FFO narrowed to $6.25-$6.29 from $6.22-$6.30
- Revenue Yoy
- 7.8%
- Liquidity
- $8.8B
- Affo total
- 1206832000
- Acquisitions
- $702M
- Core ffo total
- 1544573000
- Adjusted ebitda
- 2080543000
- Cash rent change
- 23.4%
- Average occupancy
- 95.1%
- Core ffo per share
- 1.6
- Development starts
- $964M
- Debt to adjusted ebitda
- 4.5x
- Net effective rent change
- 38.0%
- Cash same store noi growth
- 5.9%
- Core ffo ex promote per share
- 1.61
AI analysis
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