NYSE$PLD

Prologis Inc · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

Prologis reported Q4 2025 total revenues of $2.25B with net earnings of $1.40B and diluted EPS of $1.49.

Fourth-quarter total revenues were $2.25 billion. Net earnings attributable to common stockholders were $1.40 billion, or $1.49 per diluted share, boosted by gains on real estate dispositions. Core FFO was $1.38 billion. Management issued 2026 guidance including core FFO of $6.00–$6.20 per share.

  • Q4 total revenues $2.25B.
  • Net earnings $1.40B ($1.49 diluted EPS).
  • Core FFO $1.38B in the quarter.
  • 2026 core FFO guidance $6.00–$6.20 per share.

Headline financials

Total Revenue

$2.25B

Previous: $2.2B+2.4%
EPS (adj)

$1.49

Previous: $1.50-0.7%
Core FFO

$1.38B

No prior period
AFFO

$1.15B

No prior period
Adjusted EBITDA

$2B

No prior period
Average Occupancy

95.2%

No prior period
Net Income

$1.4B

Previous: $1.28B+9.5%
Operating Income

$1.63B

No prior period

Revenue & EPS history

Prologis · Revenue · Quarterly

$2.25B

Q4 2025+2.4%vs Q4 2024
Beat estimate in 15 of 15 quarters(100%)
ActualEstimate

Revenue by segment

Prologis · $137M total across 1 segment · Q3 2023

  • Strategic Capital
    $137M-77.0%

Forward guidance

Management discusses Prologis's outlook, including capital deployment, operating priorities, and key risks, alongside any formal guidance in the earnings materials.

Tailwinds

  • Prologis cites execution on strategic priorities and demand in core markets.
  • Liquidity and balance sheet capacity support continued investment and returns.

Headwinds

  • Macro, rates, and input costs may pressure margins or volumes.
  • Segment mix and non-recurring items can affect sequential comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+0.1%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+1.7%

Avg return

30 days after

56%

37 / 66 earnings

Positive

+6.3%

Q3 2025

Best reaction

-8.8%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.7%+1.5%+0.6%
Q4 2025-1.9%-3.3%+8.2%
Q3 2025+6.3%+10.2%+6.4%
Q2 2025-0.3%+4.3%+8.6%
Q1 2025+1.8%+0.2%+12.3%
Q4 2024+5.2%+8.6%+10.4%
Q3 2024+1.1%-3.0%-6.6%
Q2 2024+0.9%+4.3%+1.1%
Q1 2024-8.8%-9.3%-2.8%
Q4 2023-2.9%-0.9%+2.6%
Q3 2023-5.9%-7.7%-0.6%
Q2 2023-4.1%-2.0%-6.1%
Q1 2023+1.6%+0.4%-0.9%
Q4 2022-0.1%+3.8%+3.2%
Q3 2022-3.2%-2.3%+8.2%
Q2 2022+3.4%+4.9%+13.5%
Q1 2022+5.9%+3.5%-26.6%
Q4 2021+0.5%-0.1%-7.1%
Q3 2021+3.0%+5.7%+9.6%
Q2 2021+0.6%+0.5%+4.1%
Q1 2021+1.9%+2.1%+2.5%
Q4 2020+0.6%+0.5%-1.3%
Q3 2020-0.4%+0.2%-2.9%
Q2 2020+3.9%+5.5%+8.4%
Q1 2020-0.7%+0.6%-2.4%
Q4 2019+0.1%-0.6%+3.8%
Q3 2019+3.2%+3.9%+3.3%
Q2 2019+2.1%+1.0%+1.6%
Q1 2019-2.0%-0.2%+4.3%
Q4 2018+0.6%+2.0%+9.8%
Q3 2018-0.3%+0.8%+5.8%
Q2 2018-3.2%-4.0%+0.9%
Q1 2018+4.9%+3.8%+1.1%
Q4 2017+2.2%+2.0%-5.0%
Q3 2017+0.5%-0.9%+3.2%
Q2 2017+2.7%+0.8%+4.8%
Q1 2017-1.7%-1.6%-0.9%
Q4 2016-2.0%-6.8%-4.3%
Q3 2016+0.2%+0.6%-6.4%
Q2 2016-0.0%+1.8%+3.5%
Q1 2016-0.2%
Q4 2015+3.3%
Q3 2015+1.2%
Q2 2015+1.2%
Q1 2015-1.6%
Q4 2014+1.2%
Q3 2014+1.8%
Q2 2014+1.1%
Q1 2014-1.1%
Q4 2011-0.0%
Q4 2013+4.7%
Q3 2013-0.6%
Q2 2013-1.9%
Q1 2013-1.2%
Q4 2012-2.1%
Q3 2012-1.7%
Q2 2012+2.7%
Q1 2012+0.4%
Q4 2009+0.6%
Q1 2010+0.6%
Q3 2011-6.0%
Q2 2011-5.4%
Q4 2010-5.4%
Q1 2011+1.1%
Q3 2010+0.8%
Q2 2010-0.4%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro