Prologis Lifts 2026 Outlook as Leasing Activity Hits Record High

The San Francisco-based real estate firm reported a significant jump in performance, with net earnings per diluted share reaching $1.13 for the period ending June 30, 2026, up from $0.61 in the same quarter of the previous year. Core funds from operations (Core FFO) also rose to $1.63 per share, compared to $1.46 in 2025. This momentum has prompted management to increase its full-year earnings outlook, reflecting confidence in the company's ability to capitalize on the intersection of logistics, energy needs, and digital infrastructure.

"We believe the business is entering its next phase of growth," said CEO Daniel S. Letter. "Customer demand is broadening, and our opportunity set is expanding." The company’s owned and managed occupancy rate climbed to 95.5%, while same-store net operating income grew by 6.4% on a net effective basis. To fuel this expansion, Prologis initiated $1.6 billion in new development projects, including a substantial pipeline for data center power, while concurrently recycling capital through $766 million in property dispositions.