Prologis Q3 net income beats estimates, EPS rises
PLD•Prologis reported third-quarter net income of $816 million, above the $789.33 million consensus estimate, while earnings per diluted share rose to $0.86 from $0.82 a year earlier. It lowered its 2026 net earnings guidance to $4.05-$4.15 per share from $4.40-$4.55.
1. Quarterly results
Prologis reported third-quarter net income of $816 million, beating the $789.33 million estimate from six analysts. Net earnings per diluted share increased to $0.86 from $0.82 year over year.
2. 2026 outlook
The company lowered its 2026 net earnings guidance to $4.05-$4.15 per share from $4.40-$4.55. It expects average occupancy of 95.25%-95.50% and cash same-store net operating income growth of 7.00%-7.50%.
3. Leasing and demand
Prologis signed 60 million square feet of leases and announced nearly $2.3 billion of transactions during the quarter. It reported cash same-store net operating income growth of 5.9% and net effective rent change of 38%, and said demand was supported by e-commerce, advanced manufacturing and data center supply chain build-out.
