Prologis's second quarter 2026 Core FFO of $1.63 beats estimates, prompting raised full-year guidance.

Prologis reported second quarter 2026 revenue of $2.43 billion and Core FFO of $1.63 per share, beating analyst estimates of $2.16 billion and $1.53 per share, respectively. In response to the strong operational performance, the company raised its full-year guidance.

Key Highlights

• Prologis raised its full-year 2026 Core FFO per share guidance to a range of $6.22 - $6.30, up from the prior range of $6.07 - $6.23.
• Same-store cash Net Operating Income (NOI) on a Prologis-share basis grew 8.5% year-over-year, supported by a cash rent change of 22.3% on new and renewed leases.
• The company signed a record 67 million square feet of leases, and period-end occupancy for its owned & managed portfolio increased sequentially to 95.5%.