Prologis's results for Q3 2026 (ended Sep 30, 2026) come from the company's own earnings release, filed with the SEC on 2026-10-15. Everything below is taken from that filing; quotes are copied exactly. Company outlooks are the company's own.
At a glance
| Item | Value |
|---|---|
| Revenue (GAAP) | $2,388 million (+7.8% vs a year earlier) |
| Diluted EPS (GAAP) | $0.86 |
| Adjusted per-share figure (company's non-GAAP measure; FFO/AFFO for REITs) | $1.60 |
| Full-year guidance | Mixed |
Guidance
Prologis cut its 2026 net earnings guide to $4.05–4.15 per share from $4.40–4.55 and narrowed Core FFO to $6.25–6.29 from $6.22–6.30.
Why this label: Previous vs Current table: GAAP net earnings/share $4.05–$4.15 (prior $4.40–$4.55) down; Core FFO $6.25–$6.29 (prior $6.22–$6.30) narrowed, midpoint +$0.01.
| Metric | Period | New | Prior (as stated in the release) |
|---|---|---|---|
| net earnings per diluted share | FY2026 | $4.05–4.15 | $4.40–4.55 |
| Core FFO per diluted share | FY2026 | $6.25–6.29 | $6.22–6.30 |
| cash same store NOI growth (Prologis share) | FY2026 | 7.00%–7.50% | 6.75%–7.25% |
| average occupancy (Prologis share) | FY2026 | 95.25%–95.50% | 95.25%–95.75% |
| strategic capital revenue excl. promotes | FY2026 | $650–660 million | $660–680 million |
From the release
Revenue: "Total revenues 2,387,518 2,213,881 7,110,693 6,537,415"
Earnings per share: "Net earnings per diluted share was $0.86, compared with $0.82 for the same period in 2025."
net earnings per diluted share: "Earnings (per diluted share)** Previous Current · Net earnings attributable to common stockholders · $4.40 to $4.55 · $4.05 to $4.15"
Core FFO per diluted share: "Core FFO attributable to common stockholders/unitholders* · $6.22 to $6.30 · $6.25 to $6.29"
cash same store NOI growth (Prologis share): "Cash Same Store NOI* · 6.75% to 7.25% · 7.00% to 7.50%"
Quotes are copied from the filing; in table rows, cell borders are shown as “·”.
Key fact: Lowered 2026 net earnings guide to $4.05–4.15 per share; Core FFO narrowed to $6.25–6.29.
Source
Prologis earnings release (SEC filing), accession 0001193125-26-422375, filed 2026-10-15.
Part of the Q3 2026 Guidance Tracker. Educational only, not advice. Free weekly recap every Sunday: yieldterminalpro.com/newsletter.