PLDPrologis Inc.
- Next report
- No date yet
- none in the next 8 weeks
- Last result
- $1.60Beat
- vs $1.58 expected on Oct 15
- Stock move on it
- −2.70%
- one session
- Typical move
- ±4.0%
- average over 2 reports
- Price
- $128.55
- −1.14% today · $143B cap
Past and upcoming reports
2
| Oct 15, 2026 | Sep 30, 2026 | Time not given | $1.58 | Beat$1.60 | −2.70% |
| Jul 15, 2026 | Jun 30, 2026 | Time not given | $0.79 | Beat$1.46 | +5.31%2d |
After the report
Jul 15, 2026 report
This covers the Jul 15, 2026 report. The Oct 15, 2026 numbers are in the table above.
Prologis Q2 EPS Misses on Occupancy Costs, Leasing Momentum Intact
Prologis reported Q2 2026 EPS of $1.46, a -4.6% miss vs. $1.53 consensus, driven by higher occupancy-related expenses. The stock slipped -0.18% on the day to $149.79, with volume elevated at 4.05M shares. Despite the miss, record leasing activity and strong forward guidance on rent growth underpin a constructive long-term thesis. The payout ratio remains elevated at 113.6%, a key risk.
Reported against expected
MissedReported EPS $1.46 missed consensus $1.53 by -$0.07 (-4.6%), a miss.
Guidance
Guidance not explicitly provided in payload. post-earnings narrative emphasizes record leasing and rent growth acceleration, implying a positive forward outlook.
How the stock reacted
Stock closed at $149.79, down -0.18% on the day, with above-average volume of 4.05M shares, indicating modest disappointment but no panic selling.
What changed
EPS miss of -4.6% vs. estimate. record leasing offsets occupancy cost headwind.
What the price now assumes
Stock flat to down. market accepts miss as transitory, focuses on leasing momentum.
What it means for the business
Upgrade bias on thesis. watch next quarter's occupancy cost trend for confirmation.
The next one to three months, as we saw it then
Better case35%
Record leasing converts to higher occupancy and rent growth, driving EPS acceleration in H2 2026.
Base case50%
Leasing momentum sustains but occupancy costs normalize, leading to in-line EPS in Q3.
Worse case15%
Occupancy cost pressure persists, payout ratio remains unsustainable, and insider selling weighs on sentiment.
If you hold it
Hold unless next-quarter revenue misses guidance materially or customer concentration risk worsens.
If you are watching
Add only if next-quarter guidance is reiterated or raised. avoid if guidance is cut or geopolitical risk escalates.
Scenario odds are a judgement, not measured.