---
title: "Prologis beats Q1 profit estimates, raises 2026 outlook"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282997005.md"
datetime: "2026-04-16T12:10:11.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282997005.md)
  - [en](https://longbridge.com/en/news/282997005.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282997005.md)
---

# Prologis beats Q1 profit estimates, raises 2026 outlook

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Overview

-   US logistics REIT’s Q1 net income beat analyst expectations, driven by record leasing activity
-   Core FFO per share for Q1 rose yr/yr to $1.50
-   Company raised full-year guidance for net earnings and Core FFO per share

Outlook

-   Prologis raises 2026 net earnings guidance to $3.80-$4.05 per share from $3.70-$4.00
-   Company lifts 2026 Core FFO guidance to $6.07-$6.23 per share from $6.00-$6.20
-   Prologis expects 2026 average occupancy of 95.00%-95.75%, up from 94.75%-95.75%

Result Drivers

-   RECORD LEASING - Prologis said record lease signings of 64 mln sq ft in logistics business reflected resilient customer demand
-   DATA CENTER EXPANSION - Co advanced its data center platform with $1.3 bln of build-to-suit development starts
-   CAPITAL PARTNERSHIPS - New partnerships with GIC and La Caisse expanded access to capital, supporting investment capacity Company press release:

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

### Q1 EPS $1.05

Q1 Net Beat $980 mln $739.30

Income mln (10

Analysts

)

Analyst Coverage

-   The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 15 “strong buy” or “buy”, 10 “hold” and no “sell” or “strong sell”
-   The average consensus recommendation for the commercial reits peer group is “buy”
-   Wall Street’s median 12-month price target for Prologis Inc is $140.00, about 0.2% above its April 15 closing price of $139.77
-   The stock recently traded at 41 times the next 12-month earnings vs. a P/E of 40 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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