Prologis Raises Core FFO Outlook After Third-Quarter Growth
The logistics property company reported higher quarterly earnings and Core FFO, while trimming its full-year net earnings forecast.
Key takeaways
- Third-quarter net earnings per diluted share rose to $0.86 from $0.82 a year earlier.
- Prologis lowered its 2026 net earnings guidance to $4.05 to $4.15 per diluted share.
Prologis reported third-quarter net earnings of $0.86 per diluted share, up from $0.82 a year earlier. Core funds from operations, a measure of operating performance, increased to $1.60 per diluted share from $1.49.
The company cut its 2026 net earnings guidance to $4.05 to $4.15 per diluted share, from a previous range of $4.40 to $4.55. Its Core FFO forecast is now $6.25 to $6.29 per share, compared with the earlier $6.22 to $6.30 range.
Prologis said it signed 60 million square feet of leases during the quarter. Chief Executive Daniel S. Letter said demand was supported by e-commerce, advanced manufacturing and the data center supply chain.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
