)
Overview
<ul>
<li>US logistics REIT’s Q1 net income beat analyst expectations, driven by record leasing activity</li>
<li>Core FFO per share for Q1 rose yr/yr to $1.50</li>
<li>Company raised full-year guidance for net earnings and Core FFO per share</li>
</ul>
Outlook
<ul>
<li>Prologis raises 2026 net earnings guidance to $3.80-$4.05 per share from $3.70-$4.00</li>
<li>Company lifts 2026 Core FFO guidance to $6.07-$6.23 per share from $6.00-$6.20</li>
<li>Prologis expects 2026 average occupancy of 95.00%-95.75%, up from 94.75%-95.75%</li>
</ul>
Result Drivers
<ul>
<li>RECORD LEASING - Prologis said record lease signings of 64 mln sq ft in logistics business reflected resilient customer demand</li>
<li>DATA CENTER EXPANSION - Co advanced its data center platform with $1.3 bln of build-to-suit development starts</li>
<li>CAPITAL PARTNERSHIPS - New partnerships with GIC and La Caisse expanded access to capital, supporting investment capacity Company press release:</li>
</ul>
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
<h3>Q1 EPS $1.05</h3>
Q1 Net Beat $980 mln $739.30
Income mln (10
Analysts
)
Analyst Coverage
<ul>
<li>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”</li>
<li>The average consensus recommendation for the commercial reits peer group is “buy”</li>
<li>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</li>
<li>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.)</li>
</ul>

XLRE

REET

Reuters

Prologis

Real Est Select Spdr

iShares US Real Estate ETF

Vanguard Real Estate ETF

SPDR Dow Jones Global Real Estate ETF

iShares Global REIT

SPDR Dow Jones REIT ETF

London Stock Exchange Group plc

Thomson Reuters

Prologis beats Q1 profit estimates, raises 2026 outlook