{
  "id": 14744998,
  "title": "Earnings call transcript: Prologis tops Q3 2026 estimates as shares slip",
  "url": "https://urgent.news/2026/10/15/earnings-call-transcript-prologis-tops-q3-2026-estimates-as-shares",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-15T16:57:14.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/transcripts/earnings-call-transcript-prologis-tops-q3-2026-estimates-as-shares-slip-93CH-4952382"
  },
  "original_language": "en",
  "account": "Prologis exceeded third-quarter 2026 expectations, posting adjusted earnings per share of $0.86 and revenue of $2.21 billion, surpassing forecasts of $0.7767 per share and $2.17 billion in revenue. Despite the strong results, the company's shares declined 2.27% in premarket trading to $127.50, trading below its 52-week high of $153.35. Prologis maintained robust occupancy at 95.6% and same-store NOI growth of 5.7% on a net-effective basis. Revenue growth was modest, increasing 1.84% from the forecasted $2.17 billion. The stock's valuation, with a P/E ratio of 28.42, may contribute to cautious investor sentiment. Management highlighted improved conditions in key markets such as Dallas, Houston, Atlanta, and Phoenix, as well as strong performance in Southern California, Northern New Jersey, and the San Francisco Bay Area. The company raised full-year development starts and acquisitions guidance, with guidance now ranging from $6 billion to $6.75 billion and $2.1 billion to $2.3 billion, respectively.",
  "summary": null,
  "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."
}