---
title: "Prologis | 8-K: FY2026 Q2 Revenue: USD 2.425 B"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292902972.md"
datetime: "2026-07-16T12:08:39.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292902972.md)
  - [en](https://longbridge.com/en/news/292902972.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292902972.md)
generator: "portal-rs"
---

# Prologis | 8-K: FY2026 Q2 Revenue: USD 2.425 B

Revenue: As of FY2026 Q2, the actual value is USD 2.425 B.

EPS: As of FY2026 Q2, the actual value is USD 1.13, beating the estimate of USD 0.7467.

EBIT: As of FY2026 Q2, the actual value is USD 1.508 B.

### Financial Results - Second Quarter 2026

#### Earnings Per Share

-   Net earnings per diluted share was $1.13, compared with $0.61 for the same period in 2025.
-   Core Funds From Operations (Core FFO) per diluted share was $1.63, compared with $1.46 for the same period in 2025.
-   Core FFO, excluding Net Promote Income (Expense) per diluted share, was $1.60, compared with $1.47 for the same period in 2025.

### Operational Results - Second Quarter 2026

#### Leasing and Occupancy

-   Prologis, Inc. signed over 67 million square feet of leases, marking a record level.
-   Owned & managed period end occupancy increased to 95.5%, a 20-basis point increase compared to March 31, 2026.
-   Average Occupancy for owned & managed properties was 95.0%.
-   Leases Commenced (Operating and Development Portfolio) were 61.7 million square feet.
-   Retention rate was 72.7%.
-   Prologis Share average occupancy was 94.9%.

#### Same-Store Net Operating Income (NOI)

-   Same-store NOI (at Prologis share) year-over-year growth was 6.4% on a net effective basis and 8.5% on a cash basis.
-   Cash Same Store NOI (Prologis Share) was 8.5%.
-   Net Effective Rent Change (Prologis Share) was 36.9%.
-   Cash Rent Change (Prologis Share) was 22.3%.

### Capital Deployment - Second Quarter 2026

#### Development and Acquisitions (Owned & Managed)

-   Prologis, Inc. started $1.6 billion of development across logistics and data centers.
-   The company completed $1.8 billion of third-party acquisitions.
-   Dispositions totaled $766 million.
-   $518 million of logistics real estate was contributed to Strategic Capital vehicles.
-   The data center power pipeline expanded to 5.8 GW.

#### Deployment Activity (Prologis Share)

-   Acquisitions were $1,119 million with a weighted average stabilized cap rate (excluding other real estate) of 4.1%.
-   Development Stabilizations were $646 million, with an estimated weighted average yield of 6.3% and an estimated weighted average margin of 13.8%, resulting in an estimated value creation of $89 million.
-   Development Starts were $1,342 million, with an estimated weighted average yield of 7.2% and an estimated weighted average margin of 32.3%, resulting in an estimated value creation of $434 million.
-   Total Dispositions and Contributions were $1,009 million, with a weighted average stabilized cap rate (excluding land, properties under development, and other real estate) of 5.1%.

### Balance Sheet Strength & Liquidity - As of Quarter-End

-   Prologis, Inc., along with its co-investment ventures, closed an aggregate of $3.4 billion of debt at a weighted average interest rate of 4.4% and a weighted average term of 6.2 years during the quarter.
-   Total available liquidity was approximately $7.6 billion.
-   Debt-to-Adjusted EBITDA was 4.7x.
-   Debt as a percentage of total market capitalization was 23.9%.
-   The weighted average interest rate on the company’s share of total debt was 3.3%, with a weighted average term of 7.9 years.
-   Forecasted earnings for 2026, 2027, and 2028 are 99%, 98%, and 97%, respectively, in USD or hedged through derivative contracts, and 96% of Prologis’ equity was in USD.

### 2026 Guidance

安博 raised its 2026 guidance for net earnings attributable to common stockholders to a range of $4.40 to $4.55 per diluted share and Core FFO to a range of $6.22 to $6.30 per diluted share. The company also updated its operational outlook, projecting average occupancy between 95.25% and 95.75% and Cash Same Store NOI growth between 6.75% and 7.25%. Capital deployment guidance for development starts increased to $4,500 million to $5,500 million, and acquisitions increased to $1,500 million to $2,000 million, while Net Promote Income (Expense) is now expected to be $0 million (previously - $50 million).

### Related Stocks

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

## Related News & Research

- [REG - Capital Group Co. SEGRO PLC Prologis, Inc. - Form 8.3 - Prologis, Inc.](https://longbridge.com/en/news/298901722.md)
- [REG - APG Asset Management SEGRO PLC Prologis, Inc. - Form 8.3 Dealing Disclosure - Prologis Inc.](https://longbridge.com/en/news/298886509.md)
- [REG - FIL Limited SEGRO PLC Prologis, Inc. - Form 8.3 - PROLOGIS INC](https://longbridge.com/en/news/298595317.md)
- [REG - Capital Group Co. SEGRO PLC Prologis, Inc. - Form 8.3 - Prologis, Inc.](https://longbridge.com/en/news/298716074.md)
- [REG - Capital Group Co. SEGRO PLC Prologis, Inc. - Form 8.3 - Prologis, Inc.](https://longbridge.com/en/news/298438016.md)

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