earnings
confidence high
sentiment positive
materiality 0.80
Prologis Q1 net earnings $1.05/sh beats prior year $0.63; raises Core FFO guidance to $6.07-6.23
Prologis, Inc.
2026-Q1 EPS reported
$1.05
revenue$2,297,723,000
- Record lease signings 64M sq ft in logistics; data center platform scales with $1.3B build-to-suit starts.
- Core FFO $1.50/sh vs $1.42 prior year; Core FFO ex promote $1.52/sh.
- Net earnings $980M, up from $592M YoY; total revenues $2.3B vs $2.14B YoY.
- 2026 guidance raised: Core FFO $6.07-6.23 vs prior $6.00-6.20; occupancy guidance raised to 95.00-95.75%.
- Balance sheet: debt-to-Adjusted EBITDA 4.8x, total available liquidity ~$6.7B.
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