--- canonical_url: https://www.stockexpertai.com/earnings/pld last_updated: 2026-05-09T17:41:59.500Z --- # Prologis, Inc. (PLD) Q4 FY2026 Earnings Preview > This content was automatically generated with FMP live data + Q1 FY2026 earnings call transcript. Generated: 2026-05-09T17:41:59.080Z. Educational tool, not investment advice. --- ## Quick Summary | Field | Value | Source | |---|---|---| | Price | $144.09 (▲ 1.27%) | fmp:quote | | Market Cap | $134.3B | fmp:profile | | 52w range | $103.02 – $145.44 | fmp:quote | | Earnings | Wed 15 Jul | fmp:earnings-history | | EPS estimate | $0.79 (-46% YoY) | fmp:earnings-estimate | | Revenue estimate | $2.2B | fmp:earnings-estimate | | Beat streak | 8/4 | fmp:earnings-history | | Rating | B+ (overall 3/5) | fmp:ratings | | Analyst median target | $146 (+1.0% upside) | fmp:price-target-consensus | | MoonshotScore | 49/100 | derived | | Council | 3/6 bullish | derived | | Munger verdict | Fairly Valued | derived | ## Prologis, Inc. — Q4 FY2026 Expectations Q4 consensus: revenue $2.2B^{[FMP est]}, EPS $0.79^{[FMP est]}. 8 consecutive quarters of beat^{[FMP earnings]}. ## Quick Take **Score:** B+ · **Stance:** HOLD · **Council:** 3/6 · **Moonshot:** 49 = MoonshotScore 49^{[9-pillar formula]} + Council 3/6^{[6-lens rule]}. Form 4: 0 transactions^{[FMP Form 4]}. ## Watchlist (5 metrics) ### 1. Same Store Noi Growth Prologis reported strong same-store NOI growth of 6.1% on a net effective basis and 8.8% on cash. > "Same-store NOI growth was 6.1% on a net effective basis and 8.8% on cash." > — Timothy Arndt, CFO, Investor Focus · Q1 FY2026 ### 2. Strategic Capital Expansion Prologis is expanding its strategic capital platform through joint ventures with GIC and La Caisse, reflecting strong investor demand for its platform. > "We announced a $1.6 billion joint venture with GIC and subsequent to quarter end, a $1.2 billion joint venture with La Caisse. These partnerships reflect strong investor demand for our platform and our ability to deploy capital into high-quality opportunities worldwide." > — Dan Letter, CEO, Investor Focus · Q1 FY2026 ### 3. Rent Change Outlook Prologis expects full year rent change to approach 40% on a net effective basis. > "Our expectation for full year rent change to approach 40% on a net effective basis remains unchanged." > — Timothy Arndt, CFO, Expectation / Guide · Q1 FY2026 ### 4. Data Center Growth Prologis notes significant customer interest in its data center offerings and aims to capture a growing share of this opportunity. > "The depth of customer interest for our data center offerings is significant, and we believe our ability to bring together land, power and development expertise is a key differentiator for our business and positions us to capture a growing share of this opportunity." > — Dan Letter, CEO, Investor Focus · Q1 FY2026 ### 5. Occupancy Increase Prologis is raising its full year occupancy outlook due to strong Q1 performance. > "Occupancy exceeded our expectations, and we are raising our full year outlook." > — Dan Letter, CEO, Investor Focus · Q1 FY2026 ## MoonshotScore Pillars | Pillar | Score | Level | Evidence | |---|---|---|---| | Revenue Growth | 3.0 | weak | Q1 vs Q2: moderate growth (+5.2%) | | Gross Margin | 1.0 | weak | Q1: low margin (10.1%, capital-intensive or commodity) | | Operating Leverage | 4.0 | medium | op margin very strong (36.0%, scale leverage) | | Cash Runway | 10.0 | strong | FCF very strong ($1.1B, 7.6× CapEx) | | R&D Intensity | 3.0 | weak | low R&D investment (0.0%, weak innovation) | | Price Momentum | 7.0 | strong | RSI 60.3 positive momentum, 50d above | | News Sentiment | 6.0 | medium | majority buy (57%) | **Formula:** sum(pillar.score) / (count * 10) * 100. Each pillar deterministic from FMP. Source maps in pillar.formula. ## Council (7-Lens) | Name | Stance | Context | |---|---|---| | Ray Dalio | bull | macro · target upside +1.0% | | Ken Griffin | bull | flow · 50d MA above | | Jim Simons | neutral | quant · RSI 60 | | Klarman | neutral | value · target upside +1.0% | | Buffett | bull | quality · ROE score 4/5 | | Munger | neutral | valuation · target upside +1.0% | **Formula:** Each lens uses deterministic rule on bundle data. Logged in member.contextTr. ## Munger Lens - **Verdict:** Fairly Valued - **Financial Health:** Moderate - **Margin of Safety:** Weak - **Interest Coverage:** Adequate - **ROIC vs WACC:** Healthy **Formula:** verdict=upside>25?Undervalued:>0?Fairly Valued:Overvalued. Each lens deterministic from FMP ratings + priceTarget. ## Technical Levels - **RSI(14):** 60.3 — yükselişte nötr — overbought sınırının altında, momentum pozitif - **50d MA:** $137 — hisse %5.2 üstünde — kısa vadeli destek - **200d MA:** $126 — hisse %14.3 üstünde — uzun vadeli destek - **Volume (10d):** +2% ## Past Performance (4 Quarters) | Quarter | EPS Actual | EPS Estimate | Result | Reaction | |---|---|---|---|---| | Q2 FY25 | $1.46 | $1.41 | BEAT | -3.4% | | Q3 FY25 | $1.49 | $1.44 | BEAT | -1.3% | | Q4 FY25 | $1.44 | $0.77 | BEAT | -3.4% | | Q1 FY26 | $1.05 | $0.81 | +30.3% EPS | +2.1% | Q1 (April 16, 2026): EPS $1.05 vs $0.81 est^[FMP], +30.3% beat. D+1 movement: +2.1%^{[FMP D+1]}. Decline despite beat — market reacted to guidance, not numbers. ## 3 Scenarios ### Scenario A · Beat **Q4 EPS > $0.79 + CapEx discipline** Threshold: EPS > $0.79^{[FMP est]}. Target: Break above median target $146^{[FMP target]}; high target $161^[FMP] upper bound. ### Scenario B · In-Line **EPS ≈ $0.79 + CapEx < $149.9M** Threshold: EPS ≈ $0.79^{[FMP est]}, Q4 CapEx < $149.9M^[FMP]. Target: Consolidation in the band between current $144^[FMP] and median $146^[FMP]. ### Scenario C · Miss **EPS < $0.77 or CapEx ≥ $149.9M** Threshold: EPS < $0.77^{[FMP est×0.97]}. Target: Current $144 below SMA200 $126^[FMP], if rejection continues, $107^[derived] support activates. ## Risk Notes ### Primary segment below threshold Q1: EPS $1.05 vs $0.81 beat^[FMP], stock +2.1% D+1^[FMP]. ### Backlog concentration No RPO/backlog concentration disclosed in Q1 earnings call. ### Insider trading Form 4 data is marked in the table — this page does not generate assumptions for this stock. | Executive | Action | Amount | Date | |---|---|---|---| **Net:** — (0 transactions · 0 sells · 0 buys) · Q1 FY26 ### CapEx shock Q1 CapEx $149.9M^{[FMP cashflow]}. Q1 op margin 36.0%^{[FMP op margin]} — this level in Q4 is sensitive to CapEx revision risk. ## Wall Street Consensus - **Median target:** $146 (+1.0% upside vs current $144) - **High / Low:** $161 / $123 - **Buy / Hold / Sell:** 13 / 10 / 0 - **Analyst count:** 7 (last quarter), 73 all-time ## Additional Transcript Insights ### 1. occupancy_increase **Claim:** Prologis is raising its full year occupancy outlook due to strong Q1 performance. **Evidence (transcript):** "Occupancy exceeded our expectations, and we are raising our full year outlook." **Numbers:** — ### 2. data_center_growth **Claim:** Prologis notes significant customer interest in its data center offerings and aims to capture a growing share of this opportunity. **Evidence (transcript):** "The depth of customer interest for our data center offerings is significant, and we believe our ability to bring together land, power and development expertise is a key differentiator for our business and positions us to capture a growing share of this opportunity." **Numbers:** — ### 3. strategic_capital_expansion **Claim:** Prologis is expanding its strategic capital platform through joint ventures with GIC and La Caisse, reflecting strong investor demand for its platform. **Evidence (transcript):** "We announced a $1.6 billion joint venture with GIC and subsequent to quarter end, a $1.2 billion joint venture with La Caisse. These partnerships reflect strong investor demand for our platform and our ability to deploy capital into high-quality opportunities worldwide." **Numbers:** $1.6 billion, $1.2 billion ### 4. rent_change_outlook **Claim:** Prologis expects full year rent change to approach 40% on a net effective basis. **Evidence (transcript):** "Our expectation for full year rent change to approach 40% on a net effective basis remains unchanged." **Numbers:** 40% ### 5. same_store_noi_growth **Claim:** Prologis reported strong same-store NOI growth of 6.1% on a net effective basis and 8.8% on cash. **Evidence (transcript):** "Same-store NOI growth was 6.1% on a net effective basis and 8.8% on cash." **Numbers:** 6.1%, 8.8% --- *Data source: FMP (live query, 2026-05-09), Q1 FY2026 earnings call transcript (Translated to EN with Gemini 2.0 Flash). Educational tool, not investment advice.*