PLD · Full Picture

Prologis, Inc. — the full picture

Earnings window · 2026-07-16 to 2026-11-09

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

What to look at first

  1. Acquisition / Partnership / Divestiture · M&A and divestituresPriority 90
    +27.5% net_income (realized); 3 sources (news, press_release, transcript); 9 forward row(s); quote_verified
    Prologis's recommended $18.8 billion acquisition of SEGRO plc is proceeding toward completion.
  2. Development Pipeline · Capital expenditurePriority 90
    +28.8% operating_income; 3 sources (news, press_release, transcript); 14 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).
  3. Guidance / Outlook · Guidance & outlookPriority 84
    +28.1% revenue; 3 sources (news, press_release, transcript); 18 forward row(s); quote_verified
    Strategic capital revenue excluding promotes remains unchanged at $660 million-$680 million for the year, and net promote income is now expected to be flat on the year.
  4. Occupancy and Leasing Activity · Demand, orders & backlogPriority 80
    +16.5% operating_income; 3 sources (news, press_release, transcript); 4 forward row(s); quote_verified
    Prologis' embedded NOI opportunity available without further market rent growth is nearly $800 million.
  5. Capital Recycling and Returns · M&A and divestituresPriority 76
    +23.3% revenue; 3 forward row(s); quote_verified
    Prologis is on track for $15 billion of activity this year.
  6. Quarterly Earnings Performance · UnclassifiedPriority 73
    +108.4% net_income (realized); 3 sources (news, press_release, transcript); 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.
  7. Operating Expense Trends · Operating expenses (SG&A)Priority 72
    -18.1% operating_income; 2 sources (press_release, transcript); 2 forward row(s); quote_verified
    Guidance assumption: General & administrative expenses expected between $510 million and $525 million for 2026.
  8. Revenue Performance and Mix · Revenue growth & mixPriority 72
    +259.3% net_income (realized); 2 sources (news, press_release); quote_verified
    Analysts are expecting Q3 EPS of $0.78 per share and revenue of $2.22 billion for Prologis.
  9. Same-Property NOI Growth · Revenue growth & mixPriority 68
    +96.0% operating_income (realized); 4 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%.
  10. Balance Sheet and Liquidity · Liquidity & cash positionPriority 67
    +7.5% cash (realized); 3 sources (news, press_release, transcript); quote_verified
    Prologis completed approximately $3.4 billion of financing activity during the quarter across the U.S., Europe, and Asia in multiple currencies.
  11. AI Data Center Demand · Demand, orders & backlogPriority 66
    2 sources (news, transcript); 3 forward row(s); quote_verified
    Prologis' power pipeline has more than doubled over the past two years to approximately 5.8 GW, and approximately 85% of this pipeline is positioned to support development starts through 2030.
  12. Data Center Capacity Expansion · Capacity & footprint expansionPriority 63
    2 sources (news, transcript); 1 forward row(s); quote_verified
    Prologis sees over 10 GW of data center development opportunity over the next 10 years.

Threads by pillar

Revenue & Demand Priority 90 · 8 threads

Costs & Margins Priority 78 · 5 threads

Capital & Balance Sheet Priority 94 · 6 threads

Strategy & Portfolio Priority 93 · 4 threads

Legal, Regulatory & Policy Priority 43 · 2 threads

Guidance & Outlook Priority 86 · 2 threads

Macro & Market Conditions Priority 63 · 3 threads

Shareholders & Street Priority 32 · 1 thread

Unclassified Priority 82 · 5 threads

Expected impact by metric

metricforward netforward grossrealized
operating_income+32.0%+68.3%+564.1%
revenue+51.5%+51.5%+116.3%
net_income+14.9%+14.9%+416.5%
assets——+0.5%
cash——+7.5%