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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for Prologis (PLD) is 7/10.
Prologis delivered Q1 core FFO of $1.52 per share excluding promotes, ahead of expectations, with guidance raised to $6.12-$6.28. Record leasing of 64 million square feet continued with broadening demand across industries. Occupancy held at 95.3%. Same-store NOI growth was 6.1% net effective and 8.8% cash. Development starts reached $2.1 billion in Q1 alone, with 40% data center. The data center power pipeline stood at 5.6 GW, and solar installations reached 1.3 GW. The strategic capital platform expanded with new fund activity.
Scored from Prologis’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
All prior quarters are free.
On August 4, 2026, Prologis issued a Rule 2.7 announcement disclosing a recommended offer to acquire the entire issued and to be issued share capital of SEGRO plc, and entered into a Co-operation Agreement with SEGRO. SEGRO shareholders receive 0.0920 Prologis shares per SEGRO ordinary share, with a partial cash alternative capped at approximately GBP 3.5 billion funded through a committed term loan facility and existing liquidity. The terms value SEGRO at approximately GBP 14.0 billion.
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $2.20B | +16.5% | $1.37 | +101.5% | 64.6% | 58.1% | $1.34B |
| FY2025 Q1 | $2.14B | +9.4% | $0.63 | 0.0% | 41.1% | 27.7% | $1.16B |
| FY2025 Q2 | $2.18B | +8.8% | $0.60 | -33.3% | 41.8% | 26.2% | $1.24B |
| FY2025 Q3 | $2.21B | +8.7% | $0.82 | -24.1% | 40.3% | 34.5% | $1.45B |
| FY2025 Q4 | $2.25B | +2.4% | $1.49 | +8.8% | 37.8% | 62.1% | $1.16B |
| FY2026 Q1 | $2.30B | +7.4% | $1.05 | +66.7% | 36.0% | 42.7% | $1.14B |
| FY2026 Q2 | $2.43B | +11.1% | $1.13 | +88.3% | 39.6% | 43.8% | — |
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