PLD

Prologis raises its 2026 outlook as record leasing, a deep land bank and accelerating data center investment signal a broader growth phase.

Prologis, Inc. remains a core holding, but I maintain a Hold rating due to valuation concerns after a 43% total return since my last Strong Buy. PLD delivered impressive Q2 results, with Core FFO per share up nearly 12% and strong diversification across customers and geographies. I'm enthusiastic about PLD's data center and power pipeline initiatives, targeting 7.5%-10% yields and leveraging its logistics platform for new growth.

Prologis tops Q2 estimates on higher rental revenues and solid leasing, reaffirms its 2026 outlook and maintains strong occupancy.

Prologis NYSE: PLD raised its full-year outlook after reporting stronger-than-expected second-quarter results, citing record leasing activity, improving logistics market fundamentals and growing opportunities in data centers and energy.

Prologis (PLD) came out with quarterly funds from operations (FFO) of $1.63 per share, beating the Zacks Consensus Estimate of $1.53 per share. This compares to FFO of $1.46 per share a year ago.

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Focus List.

Second quarter results show momentum building across the business Raises 2026 guidance for the second time; leasing hits record SAN FRANCISCO, July 16, 2026 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD) raised its 2026 guidance for the second time this year, supported by record leasing and improving operating fundamentals. "We believe the business is entering its next phase of growth," said Daniel S.

PLD is set to report Q2 results on July 16 as investors watch whether strong leasing, rent growth and development momentum can support higher revenues and FFO.

PLD remains the world's largest industrial landlord, leveraging scale, diversification, and strategic capital to outperform peers. PLD is aggressively expanding into data centers, committing billions to development with about half of new starts in this segment, though power procurement remains a key risk. Q2 earnings are anticipated to show ~5% FFO and revenue growth, with occupancy at 95.3% and strong 32% rent spreads supporting fundamentals.

Prologis said it remained ready to engage with Segro and urged the company's shareholders to encourage their board to enter into talks.