Prologis reports record logistics lease signings in Q1

2 weeks ago 12

Todd Maiden

Thu, April 16, 2026 astatine 7:43 AM CDT 1 min read

Warehouse relation Prologis reported grounds lease signings successful its logistics concern during the archetypal quarter, inking deals for 64 cardinal quadrate feet of space.

Prologis (NYSE: PLD) reported first-quarter consolidated gross of $2.3 cardinal connected Thursday earlier the marketplace opened. The effect was 7% higher twelvemonth implicit twelvemonth and amended than a $2.12 cardinal statement estimate. Core funds from operations (FFO) of $1.50 per stock were 8 cents higher y/y and 1 cent up of expectations.

Prologis reported affirmative inflections successful astir trends crossed its concern installation portfolio.

Total caller leases commenced accrued 3% y/y to 66.7 cardinal quadrate feet. Average occupancy improved 40 ground points y/y to 95.3%, which was successful enactment with the 4th quarter.

The San Francisco-based existent property concern spot besides upped its 2026 guidance.

Core FFO is present forecast to a scope of $6.07 to $6.23 per share, a 1% summation astatine the midpoint. The usher assumes mean occupancy of 95% to 95.75% (25 bps higher astatine the debased extremity of the range) and improvement starts betwixt $3.5 cardinal and $4.5 cardinal (a $500-million summation astatine some ends of the range).

Prologis volition big a telephone astatine noon EDT connected Thursday to sermon first-quarter results.

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The station Prologis reports grounds logistics lease signings successful Q1 appeared archetypal connected FreightWaves.

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