Prologis, Inc. (PLD)

The company now

Prologis reported third-quarter 2026 results on 15 October, with core funds from operations (Core FFO) of $1.60 per diluted share, up from $1.49 a year earlier 1. Net earnings were $0.86 per diluted share, against $0.82, and total revenues were $2,388 million, up from $2,214 million 12.

Chief executive Daniel Letter said customers are running lean on inventory and that excess capacity within their networks has largely cleared 1. The company signed 60 million square feet of leases, and the owned and managed portfolio was 95.6 percent occupied at quarter end 1.

Rent on leases that started or renewed in the quarter rose 38.0 percent on a net effective basis, which measures the average rate over the lease term 12.

For the full year the company narrowed its Core FFO guidance to $6.25 to $6.29 per share from $6.22 to $6.30, and lowered its net earnings guidance to $4.05 to $4.15 from $4.40 to $4.55 1.

The open question is the SEGRO acquisition 3. SEGRO shareholders approved it on 28 September 2026, and the company expects to complete it in the first half of 2027, subject to regulatory approvals 3.

The other thread is data centers 11. Executives said the power pipeline totals 5.8 gigawatts, with 1.7 of it secured 11. Customers serving the data center supply chain were about 10 percent of new leasing worldwide and 17 percent in the U.S. 11.

As of Nov 3, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.