PLD · Earnings call · 2026Q3T · Full report
Guidance / Outlook
Prologis, Inc. · 2026-10-15 · Importance 69 · Surprise 60 · In source text
Management narrowed full-year average occupancy guidance to 95.25%–95.50% and raised same-store growth guidance to 5.5%–6% on a net effective basis and 7%–7.5% on a cash basis. Strategic capital revenue excluding promotes is now expected at $650 million–$660 million, while G&A is expected at $515 million–$525 million. Development-start guidance increased to $6 billion–$6.75 billion, acquisitions guidance to $2.1 billion–$2.3 billion, and contributions and dispositions are expected at $3.5 billion–$4.75 billion. Full-year net earnings guidance is $4.05–$4.15 per share and core FFO guidance is $6.25–$6.29 per share; SEGRO is not expected to be included in initial 2027 guidance because closing timing remains uncertain.
Key facts
- Prologis narrowed its forecast for average occupancy to a range of 95.25% to 95.50%.
- Prologis increased its same-store growth guidance to a range of 5.5% to 6% on a net effective basis and 7% to 7.5% on a cash basis.
- Prologis expects net earnings to range between $4.05 and $4.15 per share for the year.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | committed | +4.9% | Prologis increased its same-store growth guidance to a range of 5.5% to 6% on a net effective basis and 7% to 7.5% on a cash basis. |
| revenue | positive | committed | — | Prologis narrowed its forecast for average occupancy to a range of 95.25% to 95.50%. |