Prologis Q2 revenue, profit beat estimates; raises 2026 outlook
PLD•Analyst coverage and valuation
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"
- The average consensus recommendation for the commercial REITs peer group is "buy"
- Wall Street's median 12-month price target for Prologis Inc is $154.00, about 7.4% above its July 15 closing price of $143.42
- The stock recently traded at 43 times the next 12-month earnings vs. a P/E of 39 three months ago
Q2 revenue and profit beat estimates
Prologis said its second-quarter revenue rose, beating analyst expectations, while net income also beat analyst expectations.
The U.S. logistics real estate firm reported:
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $2.43 bln | $2.23 bln (7 Analysts) |
| Q2 EPS | $1.13 | ||
| Q2 Net Income | Beat | $1.06 bln | $759.46 mln (7 Analysts) |
| Q2 Adjusted FFO | $1.32 bln | ||
| Q2 Adjusted FFO Per Share | $1.60 |
Record leasing and occupancy improved in the quarter
- RECORD LEASING - Signed over 67 mln sq ft of leases, a record level for the company
