Prologis’ Q3 2025 Earnings: What to Expect

Core Insights - Prologis, Inc. is valued at approximately $105.1 billion and is a leader in logistics real estate, focusing on industrial properties [1] - The company is set to report its fiscal 2025 third-quarter earnings on October 15 [1] Financial Performance - Analysts project a slight increase in core funds from operations (FFO) to $1.44 per share for the upcoming earnings release, slightly above last year's $1.43 per share [2] - Prologis has consistently outperformed Wall Street's FFO estimates for four consecutive quarters, with the most recent quarter delivering $1.46 per share, exceeding expectations by 3.6% [2] - For fiscal 2025, core FFO per share is anticipated to rise to $5.77, a 3.8% increase from $5.56 in fiscal 2024, with further growth projected to $6.07 per share in fiscal 2026, representing a 5.2% year-over-year increase [3] Stock Performance - Over the past year, Prologis' stock has declined by 9.7%, underperforming the S&P 500 Index, which increased by 15.4% during the same period [4] - Compared to its real estate peers, Prologis has also underperformed, as the Real Estate Select Sector SPDR Fund dipped by 7.2% [4] - Following a strong Q2 earnings report, Prologis' stock rose by approximately 1.4%, supported by impressive occupancy and retention rates, and a 4.9% growth in cash same-store NOI [5] - In Q2, total revenue increased by 8.8% year-over-year to $2.2 billion, surpassing Wall Street expectations, while core FFO per share rose nearly 9% year-over-year to $1.46, exceeding consensus estimates of $1.41 [5]