PLD

SAN FRANCISCO, Sept. 3, 2026 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD) will host a webcast and conference call with senior management to discuss its third quarter results, current market conditions and future outlook on Thursday, October 15, 2026, at 9:00 a.m. PT/12:00 p.m. ET. To access a live broadcast of the call, please dial +1 (877) 897-2615 (toll-free from the United States and Canada) or +1 (201) 689-8514 (from all other countries). A live webcast can be accessed from the Investor Relations section of www.prologis.com. A telephonic replay will be available October 15 - October 29 at +1 (877) 660-6853 (from the United States and Canada) or +1 (201) 612-7415 (from all other countries) using access code 13762465. The webcast replay will be posted in the Investor Relations section of www.prologis.com under "Events & Presentations." About PrologisThe world runs on logistics. At Prologis, we don't just lead the industry, we define it. We create the intelligent infrastructure that powers global commerce, seamlessly connecting the digital and physical worlds. From agile supply chains to clean energy solutions, our ecosystems help your business move faster, operate smarter and grow sustainably. With unmatched scale, innovation and expertise, Prologis is a category of one–not just shaping the future of logistics but building what comes next. Learn more at Prologis.com. Forward-Looking StatementsThe statements in this document that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which we operate as well as management's beliefs and assumptions. Such statements involve uncertainties that could significantly impact our financial results. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," and "estimates" including variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future—including statements relating to rent and occupancy growth, acquisition and development activity, including data center developments and power procurement related thereto, contribution and disposition activity, general conditions in the geographic areas where we operate, expectations regarding new lines of business, our debt, capital structure and financial position, our ability to earn revenues from co-investment ventures, form new co-investment ventures and the availability of capital in existing or new co-investment ventures—are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and, therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) international, national, regional and local economic and political climates and conditions; (ii) changes in global financial markets, interest rates and foreign currency exchange rates; (iii) increased or unanticipated competition for our properties; (iv) risks associated with acquisitions, dispositions and development of properties, including those specific to data center development and the integration of the operations of significant real estate portfolios; (v) maintenance of Real Estate Investment Trust status, tax structuring and changes in income tax laws and rates; (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings; (vii) risks related to our investments in our co-investment ventures, including our ability to establish new co-investment ventures; (viii) risks of doing business internationally, including currency risks; (ix) environmental uncertainties, including risks of natural disasters; and (x) those additional factors discussed in reports filed with the Securities and Exchange Commission by us under the heading "Risk Factors." We undertake no duty to update any forward-looking statements appearing in this document except as may be required by law. View original content to download multimedia:https://www.prnewswire.com/news-releases/prologis-to-announce-third-quarter-2026-results-october-15-2026-302869338.html

SAN FRANCISCO, September 2, 2026 /PRNewswire/ -- The Board of Directors of Prologis, Inc. (NYSE: PLD) declared a regular cash dividend for the quarter ending September 30, 2026, on the following securities: A dividend of $1.07 per share of the company's common stock, payable on September 30, 2026, to common stockholders of record at the close of business on September 16, 2026; and A dividend of $1.0675 per share of the company's 8.54% Series Q Cumulative Redeemable Preferred Stock, payable on September 30, 2026, to Series Q stockholders of record at the close of business on September 16, 2026. ABOUT PROLOGISThe world runs on logistics. At Prologis, we don't just lead the industry, we define it. We create the intelligent infrastructure that powers global commerce, seamlessly connecting the digital and physical worlds. From agile supply chains to clean energy solutions, our ecosystems help your business move faster, operate smarter and grow sustainably. With unmatched scale, innovation and expertise, Prologis is a category of one–not just shaping the future of logistics but building what comes next. Learn more at Prologis.com. FORWARD-LOOKING STATEMENTSThe statements in this document that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which we operate as well as management's beliefs and assumptions. Such statements involve uncertainties that could significantly impact our financial results. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," and "estimates" including variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future—including statements relating to rent and occupancy growth, acquisition and development activity, including data center developments and power procurement related thereto, contribution and disposition activity, general conditions in the geographic areas where we operate, expectations regarding new lines of business, our debt, capital structure and financial position, our ability to earn revenues from co-investment ventures, form new co-investment ventures and the availability of capital in existing or new co-investment ventures—are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and, therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) international, national, regional and local economic and political climates and conditions; (ii) changes in global financial markets, interest rates and foreign currency exchange rates; (iii) increased or unanticipated competition for our properties; (iv) risks associated with acquisitions, dispositions and development of properties, including those specific to data center development and the integration of the operations of significant real estate portfolios; (v) maintenance of Real Estate Investment Trust status, tax structuring and changes in income tax laws and rates; (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings; (vii) risks related to our investments in our co-investment ventures, including our ability to establish new co-investment ventures; (viii) risks of doing business internationally, including currency risks; (ix) environmental uncertainties, including risks of natural disasters; and (x) those additional factors discussed in reports filed with the Securities and Exchange Commission by us under the heading "Risk Factors." We undertake no duty to update any forward-looking statements appearing in this document except as may be required by law. View original content to download multimedia:https://www.prnewswire.com/news-releases/prologis-declares-quarterly-dividend-302868158.html

Ellington Financial Inc. EFC reported second-quarter 2026 adjusted earnings of 60 cents per share, up 27.7% from 47 cents a year ago. The figure surpassed the Zacks Consensus Estimate of 46 cents by 30.4%. Revenues of $72.3 million jumped 66.8% year over year and topped the consensus estimate of $66.8 million by 8.2%. However, the stock has seen limited movement since the earnings release on Aug. 7. Results benefited from stronger net interest income, solid credit performance and contributions from Longbridge. Longbridge loan originations rose 38% year over year to $589.7 million, while its HMBS market share reached a record 29% during the quarter. Interest income was $170.8 million in the second quarter, up from $115.5 million in the year-ago period. Interest expenses increased to $98.6 million from $72.1 million, reflecting higher financing costs. Total expenses rose to $76.0 million from $57.1 million. The investment portfolio's net interest margin edged down to 3.36% from 3.37% in the prior quarter. Slightly higher asset yields were more than offset by a modest increase in funding costs. Positive carry from interest-rate swaps continued to support results, although the benefit moderated sequentially. The investment portfolio segment generated $119.9 million of interest and other income during the quarter. Net income attributable to common stockholders from the segment totaled $74.2 million, while Adjusted Distributable Earnings amounted to $75.7 million. The adjusted long investment portfolio increased roughly 1% sequentially to $4.50 billion. Growth was driven by residential transition loans, commercial mortgage bridge loans and retained RMBS. EFC securitized $1.87 billion of unpaid principal balance across non-QM, Agency-eligible and closed-end second-lien loans through seven transactions. Longbridge recorded $53.4 million of interest and other income and generated net income attributable to common stockholders of $30.2 million. Adjusted Distributable Earnings from the segment totaled $28.9 million. Originations included $316.2 million of proprietary reverse mortgage loans and $273.5 million of HECM loans. The company completed two proprietary reverse mortgage securitizations. These securitizations more than offset new portfolio growth, reducing the net Longbridge portfolio 7% sequentially to $649.3 million. Compensation and benefits increased to $28.4 million from $21.3 million a year earlier. Investment and transaction-related costs also remained meaningful, including servicing expenses of $7.9 million and other investment-related expenses of $14.5 million. Corporate/Other results were pressured by a substantial unrealized loss on unsecured debt, which more than offset a significantly lower incentive-fee accrual. Credit-spread tightening drove much of the debt valuation loss, while higher interest rates produced losses on fixed-receiver swaps used to hedge unsecured notes and preferred equity. The recourse debt-to-equity ratio remained 1.9:1, while the overall debt-to-equity ratio increased to 9.2:1 from 9.0:1 sequentially amid higher non-recourse securitization-related borrowings. Unencumbered assets totaled $1.86 billion, including $247.5 million of cash and cash equivalents. Of total recourse borrowings, 29% were long-term and non-mark-to-market, while 17% were unsecured. The weighted average remaining term of repo borrowings was 9.3 months, providing a relatively diversified funding structure for the portfolio. Management noted that the first-half 2026 performance produced a 20% annualized economic return. Adjusted Distributable Earnings totaled $1.15 per share during the first six months, compared with dividends of 78 cents per share, while book value per share increased 45 cents over the period. Ellinton Financial currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Ellington Financial Inc. price-consensus-eps-surprise-chart | Ellington Financial Inc. Quote Digital Realty Trust DLR reported second-quarter 2026 core FFO per share, excluding net promote of $2.13, up 13.9% from the year-ago level. The figure surpassed the Zacks Consensus Estimate by 7.6%. Strong bookings, a record backlog and sharp renewal rent increases supported the quarter. Prologis PLD reported second-quarter 2026 core FFO per share of $1.63, outpacing the Zacks Consensus Estimate of $1.53. Results reflected strengthening demand, disciplined execution and expanding capabilities across logistics, data centers and energy. Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) — a widely used metric to gauge the performance of REITs. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ellington Financial Inc. (EFC) : Free Stock Analysis Report Prologis, Inc. (PLD) : Free Stock Analysis Report Digital Realty Trust, Inc. (DLR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. After a 34.1% one year return, Prologis no longer looks obviously cheap, and the current share price of US$139.05 sits close to its intrinsic value estimate from a Discounted Cash Flow (DCF) model. At the same time, the broader valuation checks lean expensive rather than pointing to a clear bargain. Prologis has returned 34.1% over the past year, which puts more pressure on today’s buyers to judge whether that rerating is already pricing in much of the company’s appeal. The planned US$18.8b acquisition of SEGRO can support future cash flow growth, while the recent US$2.1b equity offering highlights ongoing capital needs that may weigh on per share value if not well deployed. On Simply Wall St’s checklist, Prologis scores 0 out of 6 valuation checks, which points to a stock that screens as more expensive than cheap on the usual metrics. For investors, the debate is whether Prologis at around US$139 already reflects its intrinsic value and recent deal activity, or whether there is still a reasonable margin of safety at this level. Prologis delivered 34.1% returns over the last year. See how this stacks up to the rest of the Industrial REITs industry. The Discounted Cash Flow (DCF) model here is built on Prologis’ adjusted funds from operations and projected free cash flows. On this basis, the company generated about $4.3b of free cash flow over the last twelve months, with the model assuming growing cash flows rather than a shrinking profile. That pattern feeds into a two-stage forecast that tapers growth over time instead of keeping it elevated indefinitely. Pulling those inputs together, the DCF points to an intrinsic value of about $129.78 per share, compared with the current price around $139.05. That implies the stock screens roughly 7.1% overvalued on this cash flow view, so investors are paying a small premium to the model’s estimate rather than getting a wide cushion. Because the planned $18.8b SEGRO acquisition is a major use of capital, the premium the market is paying today likely reflects confidence that these additional assets will support the cash flow trajectory underpinning the valuation. Overall, the DCF workup suggests Prologis appears roughly fairly valued, with the share price sitting a little above the model’s intrinsic value estimate. Prologis is fairly valued according to our Discounted Cash Flow (DCF), but this can change at a moment's notice. Track the value in your watchlist or portfolio and be alerted on when to act. Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Prologis. The P/E ratio fits Prologis well because earnings remain a core yardstick for established, cash generative REITs. On this measure, Prologis trades on about 30.9x earnings, which is higher than the industrial REIT industry average of roughly 15.8x and above many listed peers. However, a more tailored fair P/E ratio for Prologis that factors in its size, business mix and risk profile sits close at about 30.5x. That is very similar to the current 30.9x multiple, so the stock does not screen as either significantly cheap or stretched on earnings alone. The gap to the broader industry suggests investors are willing to pay a premium for Prologis, yet the fair ratio points to that premium being largely in line with what its fundamentals might support today. On the P/E yardstick, Prologis looks roughly fairly valued, with the current earnings multiple sitting close to the model’s fair ratio estimate. See what the numbers say about this price — find out in our valuation breakdown. Simply Wall St Narratives for Prologis pick up where the valuation checks leave off and explain what kind of future growth, margins and earnings would need to occur for the stock to be worth materially more or less than today’s price. Each narrative links a fair value estimate to a clear story about Prologis' potential catalysts and risks, so you can track over time which version of events appears to be taking shape on the Community page. If you have a view on whether Prologis' planned US$18.8b SEGRO acquisition and US$2.1b equity offering ultimately add value for shareholders, this is a chance to be one of the first voices in the Simply Wall St community to set out a clear, number driven Narrative. Share your thesis on Prologis today so you can track how it holds up as new results and deal updates come through. Do you think there's more to the story for Prologis? Head over to our Community to see what others are saying! Prologis now appears roughly fairly valued on both the Discounted Cash Flow (DCF) work and the tailored P/E multiple, which are close to the current share price. The low value score suggests that broader valuation checks still lean weak, so the stock does not stand out as a clear bargain. From here, the key question is whether management can turn the planned SEGRO acquisition and recent equity fundraising into cash flows that comfortably support today’s valuation on a per share basis. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include PLD. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

This story was originally published on CRE Daily. Join 70,000+ commercial real estate professionals getting daily news, market insights, and industry analysis delivered straight to their inbox with the free CRE Daily newsletter. Prologis posted a 12% jump in quarterly funds from operations and signed a record 67M SF of leases in Q2 2026. The REIT’s data center starts for 2026 have already exceeded its full-year guidance, fueled by $4B in new developments. Prologis is weighing a $16.6B acquisition of Segro, with a formal offer decision looming amid continued market share expansion. According to Commercial Observer, Prologis—the world’s largest industrial REIT—reported outsized Q2 2026 results, propelled by robust leasing, surging demand for logistics assets, and a record-breaking push into data center development. CEO Dan Letter told analysts that the company’s diversification beyond traditional warehouses is paying off, with major wins in both data center and energy business lines. The earnings call arrives as Prologis faces a critical deadline on a potential $16.6B acquisition of Segro, Britain’s leading warehouse landlord, following initial rejection from Segro’s board. Core funds from operations hit $1.56B for the quarter, up nearly 12% from Q2 2025. The REIT’s net income of $1.06B nearly doubled year-over-year, driven by both organic portfolio growth and significant new development. Prologis also raised its 2026 guidance for the second time this year, citing continued US and European market strength as vacancy tightens and rents edge higher. With e-commerce-driven demand shifting the post-pandemic industrial landscape, Prologis has aggressively expanded its data center footprint, leveraging existing land and relationships to fuel growth. That strategy builds on Prologis’ broader move into AI-focused real estate and energy infrastructure, extending beyond its warehouse roots. The REIT has successfully translated scale in logistics to digital infrastructure, betting that cloud providers and hyperscalers will require proximity to the same urban and distribution corridors occupied by traditional tenants. Yet CEO Letter acknowledged new hurdles—from local resistance to power constraints—clouding future data center supply. This evolution follows years of pandemic-era warehouse absorption, when Prologis deployed capital at record scale, both domestically and internationally. Its massive $23B acquisition of Duke Realty, completed in 2022, set the stage for the company’s continued dominance. The Segro bid signals that Prologis is not finished with cross-border expansion, eyeing leadership in both physical and digital logistics assets. In Q2 2026, Prologis signed a record 67M SF of leases, maintaining a streak with four quarterly records in the past seven periods. US vacancies fell 7.2%, marking the strongest quarterly demand since 2022, while asking rents climbed modestly. The $1.56B in funds from operations surpassed analyst expectations, fueled by $2.43B in revenue—up from $2.18B a year prior. Data center developments for the year now total $4B, including a single $800M, 260-megawatt facility set for build-to-suit delivery, which Prologis intends to sell post-completion. Between April and June, the REIT executed $1.8B in acquisitions and commenced $1.6B in new projects. The firm’s European operations show even tighter fundamentals: vacancy sits at 5.2%, as CFO Tim Arndt credits an earlier and faster recovery in that region. While the US industrial market is experiencing robust absorption—with net take-up expected to reach 220M SF versus 195M SF in new supply for 2026—Europe is further ahead in its recovery. Prologis’ European vacancy rate at 5.2% contrasts with tightening but still higher US numbers, indicating earlier momentum and possible overheating in markets like the UK and Western EU. This context is crucial as Prologis considers a major cross-Atlantic merger with Segro, Britain’s largest industrial REIT. Although Segro’s board rejected the $16.6B all-stock offer last month, Prologis remains under pressure to either up its bid or walk away, facing a regulatory clock on formal offer submission. Success could cement Prologis’ role as the dominant player in international logistics real estate and accelerate the blending of its logistics, data center, and energy asset lines across continents. Prologis’ Q2 numbers reinforce the durability of industrial real estate demand, even as other CRE asset classes face volatility from higher rates or softening fundamentals. The ability to sign 67M SF of new leases—its fourth such record in seven quarters—demonstrates ongoing user appetite, while US vacancy rates dropping to 7.2% reflect a market still defined by limited supply. In Europe, sub-6% vacancy highlights even greater competition for prime space. The firm’s aggressive data center expansion is a clear play on the secular growth of cloud computing and AI. Data center starts hitting $4B YTD signals Prologis’ confidence in translating its core logistics platform to the digital infrastructure sector, a key differentiator in an increasingly electrified and automated supply chain. CEO Letter’s comments about rising entitlement and power constraints point to potential supply bottlenecks, heightening the value of well-positioned sites. Finally, the possible Segro acquisition underscores the escalating scale required to compete globally. With cross-border capital flows a defining trend and European industrial demand rising, a successful merger would not only reshape the competitive landscape but intensify sector consolidation. The outcome will be closely watched by institutional investors and global tenants alike, as the line between warehouse, data center, and energy infrastructure becomes increasingly blurred. Prologis will soon finalize its choice: submit a formal bid for Segro—potentially sweetening terms—or walk away, with the July deadline looming. Management has signaled no near-term retreat from data center or logistics investments, even as community resistance and infrastructure bottlenecks pose increasing challenges. The REIT’s latest guidance suggests further gains ahead, particularly if industrial absorption continues to outpace new completions. Market attention will be focused both on Prologis’ M&A decision and on whether its vault into data and energy continues to outrun industry peers through 2026 and beyond. Austin Multifamily Rents Rise as Supply Glut Starts to Ease Fort Worth Stockyards Launches $71M Apartment Anchor Transamerica Pyramid Lands 113K SF in New SF Leases

Prologis, Inc. PLD used its second-quarter 2026 call to argue that logistics real estate has moved beyond an inflection point and into a new growth phase. Management paired that message with higher full-year guidance and a broader case for data centers and energy as meaningful extensions of the platform. The company also delivered results ahead of the Zacks Consensus Estimate, reporting core FFO of $1.63 per share and revenues of $2.18 billion, versus estimates of $1.53 and $2.14 billion, respectively. Prologis, Inc. price-consensus-eps-surprise-chart | Prologis, Inc. Quote Chief executive officer Dan Letter said the quarter reflected strengthening demand, disciplined execution and expanding capabilities across logistics, data centers and energy. He pointed to a record 67 million square feet of leasing as evidence that customer demand has held up through several quarters. Chief financial officer Timothy Arndt said core FFO came in at $1.63 per share, or $1.60 excluding net promote income. He also highlighted $83 million of promote revenues and quarter-end occupancy of 95.5%, up 20 basis points from the first quarter. Full-year core FFO outlook was raised to $6.22 to $6.30 per share, and the average occupancy target was raised to 95.25% to 95.75%. Net earnings guidance moved to $4.40 to $4.55 per share. Prologis framed its land bank as a central competitive advantage as market conditions improve. Letter said the company’s 14,000 acres represent about 240 million square feet of embedded development opportunity.Arndt said the company started more than $1.6 billion of new projects during the quarter, including about $800 million in logistics properties. He added that the full-year outlook for owned and managed development starts rose to $5.5 billion to $6.5 billion. Management also emphasized capital recycling. During the quarter, Prologis acquired $1.8 billion of real estate, disposed of $800 million and contributed $500 million into vehicles, while Arndt said acquisition underwriting has exceeded disposition returns by 140 basis points year to date. PLD used the call to underscore that data centers are no longer a side narrative. Letter said the power pipeline expanded to about 5.8 gigawatts, representing roughly $17 billion of powered-shell potential or as much as $87 billion on a turnkey basis. Arndt said the company started a 260-megawatt build-to-suit campus with an expected investment of about $800 million. Year-to-date data center starts reached $2.1 billion, already above the company’s original full-year target. Management also stressed flexibility in monetization. Arndt said Prologis still intends to sell assets at completion, while Letter said the company will pursue turnkey, powered-shell or even powered-land transactions depending on customer demand and risk-adjusted returns. Prologis tied its higher guidance to improving operating conditions in both the United States and Europe. Arndt said same-store NOI rose 6.4% on a net effective basis and 8.5% on a cash basis. Christopher Caton, managing director of global strategy and analytics, said U.S. net absorption reached 66 million square feet in the second quarter, with vacancy declining to 7.2%. He said U.S. market rents increased 70 basis points from the prior quarter. Caton said Europe remains roughly a year ahead of the United States in recovery, with demand robust and vacancy stable at 5.2%. He also said the company has very limited availability in spaces above 500,000 square feet and none above 1 million square feet. Analysts pressed management on whether the recovery is durable and how much more upside remains in rents. In response to a BTIG question, Arndt said lease mark-to-market holding at 17% was notable and said expansion from here would depend on market rent growth exceeding annual rollover rent capture. An Evercore ISI analyst asked whether demand was simply delayed demand or a broader reacceleration. Letter and Caton said customer conversations have improved, with strength coming from e-commerce, advanced manufacturing and supply-chain investment. Questions also turned to the pace of future starts and data center capitalization. Management said the latest increase in start guidance was driven by logistics, even after hitting the original data center target, and said no single capital structure is expected to serve the full breadth of the data center opportunity. Prologis left the call with a notably expansive tone. Letter repeatedly described logistics, data centers and energy as connected businesses, arguing that the same land, customer relationships and operating footprint support all three. That framing mattered because management was not just defending current performance. It was presenting the quarter as proof that improving warehouse fundamentals and newer infrastructure opportunities can reinforce one another over a longer growth cycle. PLD currently carries a Zacks Rank #2 (Buy), which signals favorable earnings estimate revision trends and suggests relatively stronger near-term prospects than lower-ranked stocks. That said, the stock’s Style Scores remain weak, with a Value Score of D, Growth Score of F, Momentum Score of F and VGM Score of F. Those grades indicate the shares do not currently screen well on value, growth or momentum characteristics under the Zacks framework. The Zacks Rank can also change after a company reports, as analysts revise estimates in response to new results and guidance.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Prologis, Inc. (PLD) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

In the past week, Prologis, Inc. raised its 2026 net earnings guidance for common stockholders from US$3.80–US$4.05 to US$4.40–US$4.55 per diluted share, following a quarter of record leasing activity and better-than-expected results. The company’s record 67 million square feet of leases, 95.5% occupancy, and US$1.60 billion of new logistics and data center projects highlight how rising demand for both warehousing and digital infrastructure is reshaping its growth mix. We’ll now examine how this upgraded guidance, underpinned by record leasing volumes, could reshape Prologis’s existing investment narrative. This technology could replace computers: discover 26 stocks that are working to make quantum computing a reality. To own Prologis, you need to believe in enduring demand for high quality logistics space and emerging digital infrastructure, supported by disciplined capital allocation. The latest guidance hike, powered by record leasing and 95.5% occupancy, directly reinforces the short term earnings catalyst, but it does not eliminate key risks around elevated market vacancy and still deliberate tenant decision making. The most relevant recent development is Prologis starting US$1.60 billion of new logistics and data center projects, alongside higher 2026 earnings and Core FFO guidance. This expansion, including a 260 megawatt data center campus and a growing power pipeline, ties closely to the leasing driven catalyst, yet it also increases the importance of execution quality and absorption in markets where vacancy remains above prior cycle lows. Yet even with upgraded guidance and record leasing, investors should still be aware that elevated market vacancy of 7.4 percent could... Read the full narrative on Prologis (it's free!) Prologis’ narrative projects $10.2 billion revenue and $3.6 billion earnings by 2029. This requires 2.8% yearly revenue growth and an earnings decrease of $0.1 billion from $3.7 billion today. Uncover how Prologis' forecasts yield a $152.30 fair value, in line with its current price. Two fair value estimates from the Simply Wall St Community span roughly US$129 to US$152, underscoring how differently individual investors can view Prologis. Against this backdrop, record leasing that underpins the guidance upgrade sits alongside concerns about higher market vacancy that could temper operating momentum, so it pays to compare several viewpoints before forming a view. Explore 2 other fair value estimates on Prologis - why the stock might be worth as much as $152.30! Don't just follow the ticker - dig into the data and build a conviction that's truly your own. A great starting point for your Prologis research is our analysis highlighting 1 key reward and 2 important warning signs that could impact your investment decision. Our free Prologis research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Prologis' overall financial health at a glance. Markets shift fast. These stocks won't stay hidden for long. Get the list while it matters: AI is about to change healthcare. These 39 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. Find 49 companies with promising cash flow potential yet trading below their fair value. Invest in the nuclear renaissance through our list of 90 elite nuclear energy infrastructure plays powering the global AI revolution. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include PLD. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Interested in Prologis, Inc.? Here are five stocks we like better. Prologis raised full-year guidance after second-quarter results topped expectations, with Core FFO of $1.63 per share including promotes and stronger same-store NOI growth. Management cited record leasing, better logistics fundamentals, and growing contributions from data centers and energy. The company signed a record 67 million square feet of leases and ended the quarter with 95.5% occupancy, while rent rollovers continued to drive strong pricing gains. Executives said demand is broadening across e-commerce, manufacturing, defense, semiconductors, and data center-related uses. Data center and development activity is accelerating: Prologis started a 260-megawatt campus, brought year-to-date data center starts to $2.1 billion, and expanded its power pipeline to about 5.8 gigawatts. It also increased development starts guidance and reported a large land bank that supports future growth. Prologis Q1 2026: Data Centers Steal the Show Prologis (NYSE:PLD) raised its full-year outlook after reporting stronger-than-expected second-quarter results, citing record leasing activity, improving logistics market fundamentals and growing opportunities in data centers and energy. The logistics real estate company reported Core FFO of $1.63 per share, including net promote income, and $1.60 per share excluding promotes. Chief Financial Officer Tim Arndt said both figures were ahead of expectations. The company generated $83 million of promote revenue during the quarter, driven by outperformance from three investment vehicles. → 3 Space Stocks That Could Outshine SpaceX After Its IPO 3 Under-the-Radar AI Infrastructure Stocks Powering the Next Buildout “We delivered another exceptional quarter driven by strengthening demand, disciplined execution, and the expanding capabilities of our platform,” Chief Executive Officer Dan Letter said on the call. “As a result, we’re raising our outlook for the year.” Prologis signed a record 67 million square feet of leases during the quarter, which Letter said marked the company’s fourth record in the past seven quarters. Occupancy ended the quarter at 95.5%, up 20 basis points from the first quarter. → These 3 Water ETFs Could be Quiet Winners From Infrastructure Spending Prologis Stock Surges: Why the Rally May Continue Arndt said rent change on rollover exceeded 36% on a net effective basis and 22% on a cash basis. The company realized $60 million of incremental net operating income from rent rollovers. Prologis’ portfolio lease mark-to-market remained at 17% on a net effective basis, which Arndt said represents nearly $800 million of embedded NOI opportunity without further market rent growth. Same-store NOI growth was 6.4% on a net effective basis and 8.5% on a cash basis during the quarter. → Why ASML’s AI Monopoly Is Still Getting Stronger Executives said customer demand is broadening. Managing Director Chris Caton pointed to e-commerce, advanced manufacturing, data center construction support, defense, semiconductors and supply chain reconfiguration as drivers of growth. He added that some categories tied to housing, including construction materials, furniture and appliances, remain below historical levels and could provide future upside. Prologis increased its full-year average occupancy forecast to a range of 95.25% to 95.75%. The company now expects net effective same-store growth of 5.25% to 5.75% and cash same-store growth of 6.75% to 7.25%. The company also raised its development starts guidance, on an owned and managed basis, to $5.5 billion to $6.5 billion. Acquisitions are now expected to total $1.5 billion to $2 billion, while contributions and dispositions are expected to range from $4.25 billion to $5.25 billion. Prologis raised its net earnings guidance to $4.40 to $4.55 per share. Core FFO is now expected to range from $6.22 to $6.30 per share, including and excluding promotes, representing a 100 basis point increase at the midpoint compared with the prior forecast. Strategic capital revenue, excluding promotes, remained unchanged at $660 million to $680 million, while net promote income is now expected to be flat for the year. General and administrative expenses are expected to remain in the range of $510 million to $525 million. During the quarter, Prologis started more than $1.6 billion of new development projects, including about $800 million in logistics properties. Arndt said logistics starts spanned markets including San Francisco, Vancouver, the U.K., Milan, Berlin and Chennai. The company acquired $1.8 billion of real estate during the quarter at an estimated discount to replacement cost of roughly 20%, while disposition activity totaled $800 million. Arndt said the underwritten internal rates of return on acquisitions have exceeded those on dispositions by 140 basis points year to date. Letter emphasized the company’s land position, saying Prologis’ 14,000-acre land bank represents 240 million square feet of embedded development opportunity. He said the company expects more speculative development as market conditions improve, while the build-to-suit pipeline has continued to grow. Prologis executives highlighted data centers as a growing part of the company’s platform. Arndt said the company started a 260-megawatt build-to-suit campus during the quarter with total expected investment of approximately $800 million. Year-to-date data center starts now total $2.1 billion, exceeding the company’s full-year guidance for that category. The company has now commenced nearly $4 billion of data center development, all build-to-suit projects for digital infrastructure customers. More than 50% of that capital has been invested in turnkey projects, Arndt said. Prologis also completed a 100-megawatt powered land sale during the quarter, generating an 82% margin. Arndt said the transaction illustrated the company’s approach to monetizing projects when risk-adjusted returns are most attractive. The company’s power pipeline expanded to approximately 5.8 gigawatts, more than doubling over the past two years. Letter said the pipeline represents about $17 billion of powered shell investment potential or up to $87 billion on a turnkey basis. Arndt said roughly 85% of the current pipeline is positioned to support development starts through 2030, and the company sees more than 10 gigawatts of development opportunity over the next decade. Arndt said U.S. net absorption totaled 66 million square feet in the second quarter, the highest level since 2022. Vacancy declined to 7.2%, while market rents increased about 70 basis points quarter over quarter. Caton said Prologis now expects U.S. net absorption of 220 million square feet this year, with completions of 195 million square feet, allowing market occupancy to rise by roughly 30 basis points. In Europe, Arndt said the recovery is nearly 12 months ahead of the U.S. market. Vacancy remained relatively tight at 5.2%, while rents increased approximately 60 basis points in the quarter and 160 basis points from last year’s trough. Executives also pointed to limited availability in large-format space. Arndt said Prologis has very limited availability in spaces larger than 500,000 square feet and no availability in spaces larger than 1 million square feet. On capital markets, Arndt said sentiment toward logistics real estate continues to lead other property types. Appraised values across the company’s strategic capital platform increased about 1% quarter over quarter, while market cap rates remain around 5%. Prologis ended the quarter with a debt-to-EBITDA ratio of 4.7 times after completing about $3.4 billion of financing activity across the U.S., Europe and Asia. The company also closed a $1.2 billion European joint venture with La Caisse during the quarter. Letter said the deal reflected continued demand for high-quality logistics assets and expanded a long-standing relationship. Prologis did not take questions related to its possible offer for SEGRO, citing regulatory restrictions under the U.K. Takeover Code. Letter said the company remains disciplined on mergers and acquisitions and that any transaction would need to meet a high bar for asset quality, strategic fit and price. Prologis, Inc is a real estate investment trust (REIT) specializing in logistics and distribution facilities. The company focuses on acquiring, developing, and managing high-quality industrial real estate assets that support supply chain infrastructure for third-party logistics providers, e-commerce businesses, retailers and manufacturers. Its portfolio primarily consists of warehouse and distribution centers designed to optimize goods movement and storage near key transportation hubs. With a global presence, Prologis serves customers across the Americas, Europe and Asia Pacific. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Prologis Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.