Prologis, IncNYSE: PLD
Real Estate · Industrial REITs
$141.40
-0.43%
Vol: 1.5M
Research Digest
Friday, May 1, 2026
Prologis beat Q1 2026 earnings with record leasing and raised FY2026 guidance; board approved 6% annualized dividend increase to $4.28/share
PLD reported better-than-expected Q1 2026 earnings with $1.05 EPS (beat consensus $0.806) and raised full-year 2026 guidance driven by record leasing volume and strong tenant retention. The board approved a 6% increase in annualized dividend to $4.28/share and declared quarterly dividend of $1.07 payable June 30. Market rent growth turned positive for the first time in 2.5 years, supporting future rate growth. PLD is expanding capital deployment through new joint ventures and data center power capacity investments to capitalize on AI boom. RBC raised price target to $148 from $135; Citi raised to $165 from $145.
Previous Market Intelligence
13 daysApr 30Prologis reports Q1 FFO per share of $1.05, beats guidance, raises full-year outlook on strong leasing and logistics demandPositive▶
Prologis delivered outstanding Q1 2026 results with FFO per share of $1.05, beating consensus estimate of $0.806. Record leasing and retention drove raised full-year 2026 guidance as market rent growth turned positive for the first time in 2.5 years. Citi raised price target to $165 from $145 with Buy rating, and BofA raised to $162 from $153. Strategic joint ventures launched with La Caisse (pan-European PLIVE) and GIC ($1.6B U.S. development program) expand capital deployment. Dividend raised to $1.07 per share. Data center demand and logistics expansion position company well, though rising interest rates and macro slowdown remain risks.
Apr 29Prologis crushes Q1 2026 earnings with $1.05 FFO/share (beat by $0.244); raises full-year guidancePositive▶
Prologis reported exceptional Q1 2026 results with FFO of $1.05 per share vs. $0.806 consensus (+30% beat) and raised full-year 2026 guidance. Record leasing, strong retention, and positive market rent growth for first time in 2.5 years drove results. Multiple analysts raised PT: Citi to $165 from $145, Scotiabank to $154 from $146, BofA to $162 from $153 (Buy), and RBC to $148 from $135 (Sector Perform). Company priced $1.25B in senior notes for capital deployment. Overall consensus is Buy with strong logistics/data center fundamentals.
Apr 16Prologis reports Q1 2026 earnings April 16 before market open; European joint venture seeded with €1 billionPositive▶
Prologis announced Q1 2026 results will be released before market open on April 16, with analyst expectations for EPS of $0.8060 and revenue of $2.1216 billion. The company launched Prologis Logistics Investment Venture Europe (PLIVE), a pan-European joint venture with La Caisse seeded with 1 billion euros in Class A warehouse assets across key markets. La Caisse holds 70% with Prologis holding 30% as operating partner; transaction targets Q2 2026 close subject to regulatory approvals. Prologis raised quarterly dividend 6% to $4.28 per share as of February 2. Pre-market trading at $131.23, up 0.02% overnight. Of 24 analysts, 19 have Buy or Strong Buy ratings.
Apr 14Prologis launches EUR1B European JV with La Caisse; Q1 earnings April 16Positive▶
Announced EUR1B PLIVE pan-European logistics JV April 9. Q1 earnings April 16 with expected EPS $1.48. 6% dividend increase to $4.28. 19 of 24 analysts rate Buy.
Apr 13Prologis forms EUR 1B European joint venture with La Caisse; Q1 earnings April 16Positive▶
Prologis formed joint venture with La Caisse (70/30 split, Q2 2026 closing) seeding EUR 1B (~844,000 sqm Class A logistics space). Q1 2026 earnings April 16; expected EPS $1.48 (+4.2% YoY). Board approved 6% annualized dividend increase to $4.28/share. Stock gained 3.15% to $137.41. 19 of 24 analysts rate Buy/Strong Buy.
Apr 10Prologis launching pan-European joint venture with La Caisse; Q1 2026 earnings April 16.Positive▶
Prologis will announce Q1 2026 results on April 16. Company and La Caisse announced PLIVE joint venture targeting Q2 2026 close. Virtual annual meeting April 28. Trading at $138.44 with $128.69B market cap. 19 of 24 analysts rate stock Buy/Strong Buy with $135.22 average target.
Apr 9Prologis upgrades credit facility; analyst rating upgraded to BuyNeutral▶
Prologis secured $3B revolving credit facility upgrade drawing analyst attention ahead of April 16 earnings. Stock rated Buy with positive earnings outlooks and strategic positioning for logistics/e-commerce growth. Trading at $133.77 vs fair value $141.90 (modest 5.7% upside). Recent joint ventures and robust business outlook support growth narrative.
Apr 8Prologis Q1 2026 earnings April 16; analyst consensus Moderate Buy with 7.1% upside.Positive▶
Prologis to report Q1 2026 results April 16 at 12pm ET. Wall Street expects diluted EPS $1.48 (+4.2% YoY). 23 analysts consensus Moderate Buy with 13 Strong Buys and mean target $141.60 (+7.1% upside). Amended global credit facilities for $3B revolving multicurrency capacity.
Apr 7Prologis & GIC form $1.6B logistics JV; CEO transitions to Dan Letter effective Jan 1.Positive▶
Prologis announced $1.6 billion joint venture with GIC for build-to-suit logistics in key U.S. markets with 4.1 million sq ft initial portfolio. Dan Letter became CEO effective January 1, 2026, with $1M base salary and $15.75M 2026 LTI equity target, while Hamid Moghadam became executive chairman. Company reported 6% dividend increase to $4.28 per share and record 228 million sq ft 2025 leases with Core FFO of $5.81 per share. FY2026 EPS guidance 6.000-6.200. Q1 2026 earnings webcast April 16 at 9:00 a.m. PT. Annual meeting April 28, 2026.
Apr 6Prologis amends global credit facilities to $3B capacity; Q1 earnings April 16.Positive▶
Prologis amended global credit facilities to secure up to $3B revolving multicurrency capacity. Recently upgraded to Buy with positive earnings revisions. Q1 2026 earnings April 16 with EPS estimate $1.48 (+4.2% YoY). Expanding logistics via $1.6B JV. Stock $133.77; consensus PT $141.90 with 13 Buy ratings.
Apr 3Prologis and GIC announce $1.6 billion U.S. build-to-suit logistics joint venture; dividend raised 6% to $4.28.Positive▶
Prologis and Singapore's GIC announced a $1.6 billion joint venture to develop build-to-suit logistics facilities across major U.S. markets. Board approved a 6% increase in annualized dividend to $4.28. Prologis reported strong Q1 2026 earnings, beating estimates. Among 23 analysts, 13 rate Strong Buy and 10 recommend Hold, with mean price target of $141.60. The company manages 1.3 billion square feet across 20 countries.
Apr 1Prologis reports strong leasing metrics and increased dividend 6% to $4.28 as Q1 earnings scheduled for April 16.Positive▶
Prologis will report Q1 2026 results on April 16, 2026. The company raised its annualized dividend 6% to $4.28 per share and reported strong 2025 leasing of record 228 million square feet with Core FFO of $5.81 per share. Strategic joint venture with GIC established $1.6 billion fund for build-to-suit logistics assets. Annual shareholder meeting scheduled for April 28, 2026. Average analyst rating is Buy with 12-month price target of $135.29.
Mar 31Prologis approved 6% dividend increase to $4.28 and closed $1.6B GIC joint venture for logistics expansion.Positive▶
Prologis 6% dividend increase to $4.28 annualized. Closed $1.6B GIC JV for logistics. Exploring Mexico acquisitions. FY EPS $1.48 and revenue $2.11B. BofA raised PT to $153. 18 analysts Buy with $135.29 target.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| PLDPROLOGIS | $141.40 | -0.43% | +7.3% | 41.8x | 1.41 | $132.4B |
| WELLWELLTOWER | $217.35 | +0.00% | +8.2% | 66.1x | — | $153.2B |
| EQIXEQUINIX | $1,082.36 | -0.04% | +6.6% | 49.5x | 1.00 | $106.8B |
| AMTAMERICAN | $181.72 | -0.54% | +3.7% | 26.4x | 0.93 | $85.1B |
| SPGSIMON | $202.41 | -0.64% | +7.1% | 29.5x | 1.40 | $77.5B |
| DLRDIGITAL | $200.91 | -0.01% | +10.4% | 64.6x | 1.09 | $71.4B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price above both MAs — bullish structure.