PLD Prologis Inc

$PLD Q3 '26 Earnings Results & Recap • Reported GAAP EPS of $0.86 up 4.88% YoY • Reported revenue of $2.39B up 7.84% YoY • Prologis lowered its 2026 net earnings guidance to $4.05 to $4.15 per diluted share; Core FFO guidance is $6.25 to $6.29, and Cash Same Store NOI is 7.00% to 7.50%.

$PLD Prologis, the San Francisco logistics-property REIT, cut its 2026 GAAP net earnings guidance to $4.05–$4.15 a share from $4.40–$4.55, about 8% lower at the midpoint. That's roughly $363M across 968.5M diluted Q3 shares, vs a ~$121.6B market value at $130.46 (16:00 ET Oct 14, 2026). Prologis reported Q3 2026 results Oct 15: net earnings $0.86 a diluted share vs $0.82 a year earlier, and Core FFO $1.60 vs $1.49. Core FFO guidance, which excludes sale gains, moved to $6.25–$6.29 from $6.22–$6.30. Call Oct 15, 12 p.m. ET; SEGRO deal still to close.

📊 Week in Review Markets stayed rangebound (S&P 7,600-7,800), yields held near 19-year highs, Trump-Xi summit Thursday came without a clear catalyst. Nasdaq held up better than Dow this week. Market Context: 54.7/100, Caution. Cycle Risk strong (88), but Valuation weak (19/100, Buffett Indicator 247.9%), Insider Sentiment at rock bottom (0/100). Real yield check (CPI 3.35% barrier): Gold Futures winning clearly, 11.89% real yield, best on the board. $PLD and $JNJ actually running negative real yield right now. Credit spreads stay Normal. Analyst actions this week: $MU got another huge target bump (Wells Fargo $1,400, on top of Citi's $1,300 earlier). $MSFT upgraded Hold→Buy at Stifel ($575). $NFLX downgraded Buy→Hold at HSBC. BCA Research note worth remembering: history shows the S&P has posted strong gains across most Fed hiking cycles.

$PLD Q3 Core FFO came in at 1.60 dollars a share, up from 1.49 a year ago and a bit ahead of the 1.58 consensus. Net effective rent change on rollovers was 38.0%, cash same store NOI grew 5.9%, and period-end occupancy ended at 95.6% after averaging 95.1% in the quarter. Guidance is a split read though. Cash same store NOI guidance moved up to 7.0% to 7.5%, but the Core FFO range just narrowed to 6.25 to 6.29 dollars, and GAAP earnings guidance was cut to 4.05 to 4.15 dollars from 4.40 to 4.55.

$PLD | PROLOGIS, INC. Q3 2026 EARNINGS HIGHLIGHTS ◆ FFO: $1.60 vs. $1.58 est. ✅ ◆ Revenue: $2.39B vs. $2.18B est. ✅ ◆ Net Income: $815.7M (+6.9% YoY) ◆ Core FFO: $1,544.6M (+8.3% YoY) ◆ Same-Store NOI Growth: 5.9% ◆ Occupancy Rate: 95.1% Segment Performance: ◆ Rental Revenue: $2,205.3M (+7.4% YoY) ◆ Strategic Capital: $164.3M (+9.3% YoY) ◆ Dev. Mgmt & Other: $17.9M (+92.1% YoY) Key Metrics: ◆ Q3 2026 development starts totaled $964M at a 6.6% estimated weighted average yield and 16.1% margin. ◆ Prologis signed 60 million square feet of leases in Q3 2026; cash rent change was +23.4% on commenced leases. ◆ Total available liquidity was approximately $8.8B at quarter-end; debt-to-Adjusted EBITDA was 4.5x. Forward Guidance: ◆ FY2026 Core FFO per share: $6.25 to $6.29 (narrowed from $6.22-$6.30) ◆ FY2026 Net earnings per share: $4.05 to $4.15 (lowered from $4.40-$4.55) ◆ FY2026 Cash Same Store NOI growth: 7.00% to 7.50% (raised from 6.75%-7.25%) ◆ FY2026 average occupancy: 95.25% to 95.50% (narrowed from 95.25%-95.75%)

$PLD Scotiabank upgraded this to Outperform on Tuesday with a 150 dollar target, two days before today's Q3 print, and the stock's still down about 6% heading in. Q2 set a pretty high bar. Core FFO was 1.63 dollars a share, occupancy ended at 95.5%, a record 67 million square feet of leases got signed, and full-year Core FFO guidance went up to 6.22 to 6.30 dollars. Consensus for Q3 sits around 1.57 to 1.58 dollars of Core FFO.

$PLD | Snapshot 📊⚡ • Business: Prologis is the global leader in industrial and logistics real estate, managing over 1 billion square feet of distribution space crucial to e-commerce and global supply chain operations. • Financial Health & Pipeline: Highly resilient cash flow generated through long-term leases, strong balance sheet fundamentals, and continuous expansion in solar/energy infrastructure and logistics hub solutions. • Bias & Conviction: Bullish Channel Reversal | Moderate Conviction (Testing primary ascending channel support near $132.00 backed by heavy dark pool block accumulation). 🎯 Key Levels: 🐂 Bull Trigger: $138.00 / $140.00 🚀 Targets: $145.00 / $148.00 / $152.00 🛡️ Support: $133.00 / $132.00 ⚠️ Risk: $130.00 / $124.00 🔥 Volume & Flow: • 🟢 Institutional flow dominated by dark pool block trades ($29.7M & $25.9M at $135.82, $6.6M at $132.60) and 10/16 $140C ask sweeps. #PLD #REIT #logistics #stocks #finance #hovdid