---
title: "Prologis Posts Q3 FFO Beat, FY25 Guidance Raised Despite Revenue Miss"
description: "Prologis Inc. (NYSE:PLD) reported Q3 FY25 rental revenue of $2.06 billion, below the $2.16 billion estimate. Total expenses rose to $1.32 billion, while operating income fell to $940 million. Core FFO"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/261280812.md"
published_at: "2025-10-15T13:39:57.000Z"
---

# Prologis Posts Q3 FFO Beat, FY25 Guidance Raised Despite Revenue Miss

> Prologis Inc. (NYSE:PLD) reported Q3 FY25 rental revenue of $2.06 billion, below the $2.16 billion estimate. Total expenses rose to $1.32 billion, while operating income fell to $940 million. Core FFO increased 4.2% to $1.49, surpassing the $1.44 estimate. EPS dropped 24.1% to $0.82. Prologis raised FY25 core FFO guidance to $5.78-$5.81. The company reported a 94.8% average occupancy and record lease signings of 62 million square feet. PLD shares rose 2.12% to $117.90 in premarket trading.

**Prologis Inc.** (NYSE:PLD) reported third-quarter FY25 rental and other revenue stood at $2.06 billion, missing the analyst consensus estimate of $2.16 billion.

## Key Figures

Total expenses for the quarter increased to $1.32 billion from $1.25 billion in the same quarter last year.

*Also Read: Prologis Set To Benefit From Shrinking Warehouse Supply And Pent-Up Demand: Analyst*

Operating income for the quarter declined to $940 million from $1.25 billion in the prior year's quarter.

Core FFO rose 4.2% year over year (Y/Y) to $1.49, beating the analyst consensus estimate of $1.44.

EPS declined 24.1% Y/Y to $0.82 in the quarter.

## Operating Metrics

Owned & Managed Average Occupancy was 94.8% and Prologis Share Average Occupancy was 94.7%.

Prologis Share of Same Store Property NOI – Cash rose 5.2% Y/Y to $1.42 billion.

The company reported record lease signings of 62 million square feet.

Prologis held $1.19 billion in cash and equivalents as of September 30, 2025.

## Management Commentary

"We are extending our leadership position in logistics to data centers, where we are investing to meet the growing power demands of digital infrastructure,” Prologis president **Dan Letter** said.

“With additional advanced power contracts, Prologis now has a 5.2-gigawatt allocation of utility-fed capacity secured or in advanced stages, which we expect to use to unlock significant data center opportunities.”

**Hamid R. Moghadam**, co-founder and CEO of Prologis added, “With a solid pipeline, improving customer sentiment and limited new supply, the logistics market is setting up for the next inflection in rent and occupancy growth — one of the most compelling setups I’ve seen in 40 years.”

## Guidance

Prologis raised FY25 core FFO Guidance from $5.75-$5.80 to $5.78-$5.81 vs consensus of $5.77.

Prologis reiterated its FY25 Prologis Share Average Occupancy outlook of 94.75% – 95.25%.

Investors can gain exposure to the stock through the **Pacer Industrial Real Estate ETF** (NYSE:INDS) and the **SP Funds S&P Global REIT Sharia ETF** (NYSE:SPRE).

**Price Action:** PLD shares are up 2.12% at $117.90 in the premarket as of the last check on Wednesday.

-   **Retail Investors’ Top Stocks With Earnings This Week: Fastenal, ASML, TSMC And More**

*Photo: Shutterstock*

### Related Stocks

- [PLD.US - Prologis](https://longbridge.com/en/quote/PLD.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Mondrian Investment Partners LTD Takes Position in Prologis, Inc. $PLD | Mondrian Investment Partners LTD acquired 979,227 shares of Prologis, Inc. (NYSE:PLD) in Q3, valued at approximately $11 | [Link](https://longbridge.com/en/news/276118080.md) |
| Is It Too Late To Consider Prologis (PLD) After Its Recent Share Price Strength? | Prologis (PLD) is currently trading at $136.38, showing various returns over different periods. Analysts suggest it may  | [Link](https://longbridge.com/en/news/275869279.md) |
| Federal Realty Investment forecasts annual FFO above estimates on strong leasing demand | Federal Realty Investment Trusthas forecasted its 2026 funds from operations (FFO) to exceed Wall Street expectations, d | [Link](https://longbridge.com/en/news/275813704.md) |
| Prologis, Inc. $PLD Shares Sold by Prospera Financial Services Inc | Prospera Financial Services Inc reduced its stake in Prologis, Inc. (NYSE:PLD) by 13.6% in Q3, owning 47,600 shares valu | [Link](https://longbridge.com/en/news/275597623.md) |
| Empire State Realty Trust Q4 Core FFO Falls, Revenue Rises | Empire State Realty Trust (ESRT) reported a Q4 core FFO of $0.23 per diluted share, down from $0.24 a year earlier, but  | [Link](https://longbridge.com/en/news/276178267.md) |

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.