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Earnings Score 48 Bullish

Prologis Reports Q1 Growth with Revenue Beat and Strong FFO Gains

Apr 16, 2026 12:28 UTC
PLD
Short term

Prologis, Inc. outperformed revenue expectations for the first quarter, reporting a significant increase in core funds from operations. The industrial real estate giant maintained its full-year 2025 guidance despite flat net earnings per share.

  • Total revenue reached $2.14 billion, exceeding the $1.99 billion estimate
  • Core FFO per share grew 10.9% to $1.42
  • Rental and other revenues increased to $2.00 billion
  • Net earnings per share remained steady at $0.63
  • Full-year 2025 core FFO guidance reaffirmed at $5.65 to $5.81

Prologis, Inc. (PLD) has announced its first-quarter financial results, highlighting a robust increase in total revenues and core funds from operations (FFO). The company reported total revenues of $2.14 billion, surpassing analyst expectations of $1.99 billion and marking a rise from $1.96 billion in the prior year. The results underscore the continued resilience of the industrial logistics sector. Rental and other revenues climbed to $2.00 billion, up from $1.83 billion a year ago, reflecting sustained demand for warehouse and distribution infrastructure. Core FFO attributable to stockholders rose to $1.36 billion, compared to $1.22 billion in the same period last year. On a per-share basis, core FFO increased by 10.9% to $1.42. Net earnings attributable to common stockholders saw a slight uptick to $592 million from $584 million, resulting in a net earnings per share of $0.63, which aligned with analyst forecasts. Looking ahead, Prologis reaffirmed its outlook for the remainder of 2025. The company projects core FFO to stockholders to fall within a range of $5.65 to $5.81, while core FFO per share, excluding specific items, is expected to be between $5.70 and $5.86.

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