PLD · Full Picture

Prologis, Inc. — the full picture

Trailing window · 2026-06-26 to 2026-09-24

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Development Pipeline · Capital expenditurePriority 84
    +31.7% assets; 2 sources (news, press_release); 9 forward row(s); quote_verified
    Estimated build out of land portfolio (in TEI) totaled $24,900,000 thousand with Prologis Share $23,900,000 thousand; estimated build out of Covered Land Plays TEI $7,900,000 thousand; total estimated build out $40,600,000 thousand (Prologis Share $37,300,000).
  2. Acquisition / Partnership / Divestiture · M&A and divestituresPriority 81
    +17.1% operating_income (realized); 2 sources (news, press_release); 6 forward row(s); quote_verified
    Prologis's recommended $18.8 billion acquisition of SEGRO plc is proceeding toward completion.
  3. Revenue Performance and Mix · Revenue growth & mixPriority 78
    +17.2% revenue; 2 sources (news, press_release); 2 forward row(s); quote_verified
    Prologis has a $42 billion development pipeline.
  4. Same-Property NOI Growth · Revenue growth & mixPriority 64
    +96.0% operating_income (realized); 2 forward row(s); quote_verified
    Guidance for 2026: Same store NOI - cash Prologis Share expected between 6.75% and 7.25%; same store NOI - net effective Prologis Share expected between 5.25% and 5.75%.
  5. Operating Expense Trends · Operating expenses (SG&A)Priority 63
    -11.9% operating_income; 1 forward row(s); quote_verified
    Guidance assumption: General & administrative expenses expected between $510 million and $525 million for 2026.
  6. Capital Expenditures Program · Capital expenditurePriority 61
    2 sources (news, press_release); 10 forward row(s); quote_verified
    2026 capital deployment guidance (Prologis Share Owned and Managed) low/high: Development stabilizations $2,250 to $2,750 million; Development starts $4,500 to $5,500 million; Acquisitions $1,500 to $2,000 million; Dispositions $2,250 to $2,750 million; Contributions $2,000 to $2,500 million.
  7. Guidance / Outlook · Guidance & outlookPriority 61
    2 sources (news, press_release); 5 forward row(s); quote_verified
    Guidance for 2026: Net earnings attributable to common stockholders expected between $4.40 and $4.55 per share.
  8. Operating Income and Margins · Operating income & profitabilityPriority 56
    +13.4% operating_income (realized); quote_verified
    Adjusted EBITDA attributable to common stockholders/unitholders for Q2 2026 was $2,143 million and for six months ended June 30, 2026 was $4,321 million.
  9. Datacenter Power and Capacity · UnclassifiedPriority 52
    quote_verified
    Prologis' Power Pipeline comprised 1.6GW Secured Power (including 680MW under development) and 4.2GW Advanced Stage Power, totaling 5.8GW secured or in advanced stage.
  10. Equity Capital Raise · Equity issuance & dilutionPriority 52
    1 forward row(s); quote_verified
    Prologis announced the pricing of an underwritten public offering of 15,000,000 shares of its common stock expecting to generate approximately $2.1 billion in gross proceeds.
  11. Customer Lease Concentration · UnclassifiedPriority 51
    2 sources (news, press_release); quote_verified
    Top customer Amazon represented 5.5% of net effective rent with 50,017 thousand occupied square feet and is listed with 2026 expirations totaling 73,066 occupied square feet (net effective rent $479,032 thousand, $/sq ft 6.56).
  12. Quarterly Earnings Performance · UnclassifiedPriority 51
    quote_verified
    Legal & General Group Plc purchased 10,880,378 shares of Prologis, Inc. during the second quarter valued at approximately $1.47 billion, representing 1.17% of Prologis.

Threads by pillar

Revenue & Demand Priority 83 · 6 threads

Costs & Margins Priority 70 · 4 threads

Capital & Balance Sheet Priority 90 · 6 threads

Strategy & Portfolio Priority 82 · 2 threads

Legal, Regulatory & Policy Priority 31 · 1 thread

Guidance & Outlook Priority 63 · 2 threads

Macro & Market Conditions Priority 49 · 2 threads

Shareholders & Street Priority 33 · 1 thread

Unclassified Priority 59 · 3 threads

Expected impact by metric

metricforward netforward grossrealized
assets+31.7%+31.7%—
operating_income+3.9%+27.7%+126.5%
revenue+17.2%+17.2%+100.0%
net_income+14.9%+14.9%-12.0%