{
  "id": 14724914,
  "title": "Prologis tops Q3 estimates, raises development starts forecast again",
  "url": "https://urgent.news/2026/10/15/prologis-tops-q3-estimates-raises-development-starts-forecast-again",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-15T14:20:04.000Z",
  "source": {
    "name": "FreightWaves",
    "slug": "freightwaves",
    "url": "https://www.freightwaves.com/news/prologis-tops-q3-estimates-raises-development-starts-forecast-again"
  },
  "original_language": "en",
  "account": "Prologis, a leading logistics warehouse operator, exceeded third-quarter expectations and raised its forecast for new developments. The company reported $2.39 billion in consolidated revenue, an 8% year-over-year increase, surpassing analyst estimates by 8%. Core funds from operations (FFO) stood at $1.60 per share, 11 cents higher year-over-year and 3 cents above expectations. Lease signings totaled 60 million square feet, while lease commencements grew by 15% year-over-year to 55.9 million square feet. Occupancy improved by 30 basis points year-over-year to 95.1%. CEO Dan Letter noted that customers are reducing inventory, and excess capacity has largely cleared, supported by e-commerce, advanced manufacturing, and data center growth. Prologis also raised its 2026 core FFO outlook to a range of $6.25 to $6.29 per share, assuming 95.25% to 95.5% occupancy and $5 billion to $5.75 billion in development starts, an 8% increase from the previous quarter. The company recently acquired Segro, a London-based logistics warehouse operator, expanding its European footprint by 47% to 368 million square feet and $269 billion in assets under management.",
  "summary": "Logistics warehouse operator Prologis beat third-quarter expectations, significantly raising its 2026 forecast for new development projects. The post Prologis tops Q3 estimates, raises development starts forecast again appeared first on FreightWaves .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}