Quarterly ResultJul 16, 2026, 08:12 AM
Prologis Q2 EPS $1.13, Raises 2026 Guidance to $4.40-$4.55
AI Summary
Prologis reported strong second-quarter 2026 results, with diluted net earnings per share increasing to $1.13 and Core FFO per diluted share reaching $1.63. The company achieved record leasing of over 67 million square feet and increased period-end occupancy to 95.5%. Based on this performance and improving operating fundamentals, Prologis raised its full-year 2026 guidance for net earnings per share to $4.40-$4.55 and Core FFO per share to $6.22-$6.30.
Key Highlights
- Q2 2026 diluted net earnings per share was $1.13, up from $0.61 YoY.
- Q2 2026 Core FFO per diluted share was $1.63, up from $1.46 YoY.
- Signed a record 67 million square feet of leases in Q2 2026.
- Period-end occupancy for owned & managed properties reached 95.5%.
- Same-store NOI (cash basis) grew 8.5% year-over-year.
- Raised 2026 net earnings guidance to $4.40-$4.55 per share.
- Raised 2026 Core FFO guidance to $6.22-$6.30 per share.
- Increased 2026 development starts guidance to $4.5B-$5.5B.
Price Impact
More from PLD