Prologis (PLD) Faces Market Scrutiny as Q3 Earnings Approach

Prologis Inc. (NYSE: PLD), the bellwether of the logistics real estate sector, is set to release its third-quarter 2025 earnings on Wednesday, before the market opens. The report arrives at a pivotal moment, with the stock currently trading at around $114, a 1.6% dip in the last five days, reflecting a degree of unease. 

Analysts are anticipating earnings of $0.73 per share and revenue of approximately $2.03 billion for the quarter. The market's reaction to these figures will likely set the tone for PLD's performance in the coming months.

The real estate investment trust (REIT), specializing in logistics properties, has demonstrated resilience in a fluctuating market, but recent performance indicates a need for strong results to reassure the markets. 

Prologis demonstrated solid performance in the second quarter of 2025, reporting net earnings attributable to common stockholders of $1.46 per share, exceeding the consensus estimate of $1.41. Revenue for the quarter reached $2.03 billion, an 8.8% increase year-over-year. 

This positive momentum led to an upward revision of the full-year 2025 Core Funds from Operations (FFO) guidance, now projected to be in the range of $5.75 to $5.80 per share, a slight increase from the previous range of $5.65 to $5.81. This adjustment reflects management's confidence in the underlying strength of their business model.

First-quarter results were also robust. Total revenues reached $2.14 billion, up from $1.96 billion in the same period in 2024. Net earnings attributable to common stockholders were $592 million, a slight increase from $584 million the previous year. The company highlighted significant development activities, with $963 million in value creation from stabilizations and a robust pipeline of development starts and acquisitions planned for the year.