Prologis Guides FY26 Revenue Well Above Estimates, Shares Rise on Strong Outlook

Prologis Inc. (PLD) announced fiscal year 2026 guidance that significantly exceeds analyst expectations, with projected revenue of $3.1 billion, up 14% year-over-year, and adjusted FFO per share forecast at $7.85—well above the consensus estimate of $7.40. The update, released on January 21, 2026, reflects strong demand for industrial real estate and robust leasing activity across North America and Europe. The company reported Q4 2025 adjusted FFO of $1.93 per share, surpassing the $1.85 expected by analysts. Prologis also highlighted a 92% occupancy rate across its global portfolio and an 8% increase in same-store net operating income. Management cited ongoing supply chain reconfiguration and e-commerce growth as key drivers. The stock rose 3.2% in after-hours trading following the announcement.