Prologis Q3 2026: revenue up 7.8%, core FFO $1.60, guidance held
Prologis beat the $0.82 consensus EPS print with $0.86 of GAAP earnings and grew revenue 7.8% to $2.39 billion, so the quarter is a solid, not spectacular, pass. Core FFO of $1.60 per share carried the real estate business while same-store cash NOI of 5.9% ran below the 7.0%–7.5% full-year guide. Read the numbers as steady compounding with a fourth-quarter hurdle.
1 · Expected vs. Actual
Free preview belowGAAP earnings per diluted share of $0.86 beat the $0.82 consensus estimate by about 5.1% and rose from $0.82 a year earlier. Core FFO per share came in at $1.60 versus $1.49, and AFFO was $1.21 billion against $1.06 billion. Net earnings of $815.7 million included $108.0 million of gains on dispositions, so the operating result is slightly less flattering than the headline.
Revenue rose 7.8% to $2.39 billion from $2.21 billion a year earlier, with rental and other revenues of $2.22 billion doing nearly all the work. Strategic capital revenue added $164.3 million, up from $150.4 million. Nothing in the mix suggests pricing broke; this is occupancy plus contractual rent bumps.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-03
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