Prologis 4Q Revenue Rises as Warehouse Demand Rebounds

Dow Jones

01/21

By Nicholas G. Miller

Prologis posted higher fourth-quarter revenue as demand for warehouses continues to bounce back following a multiyear period of weakness.

"Customers are making long-term decisions with greater conviction," said Chief Executive Daniel Letter on Wednesday.

The industrial real-estate company reported consolidated fourth-quarter earnings of $1.49 a share, up from $1.37 in the year-earlier quarter.

Core funds from operations were $1.44 a share, in line with analysts' expectations, according to FactSet.

Total revenue rose to $2.25 billion from $2.2 billion a year earlier.

The company guided for 2026 earnings of $3.70 to $4 a share and core funds from operations of $6 to $6.20 a share. Analysts are forecasting full-year core funds from operations of $6.13 a share.

Shares were up 2.4% to $133.90 in premarket trading.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

January 21, 2026 08:24 ET (13:24 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Miller \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Prologis posted higher fourth-quarter revenue as demand for warehouses continues to bounce back following a multiyear period of weakness. \n</p>\n<p>\n  \"Customers are making long-term decisions with greater conviction,\" said Chief Executive Daniel Letter on Wednesday. \n</p>\n<p>\n  The industrial real-estate company reported consolidated fourth-quarter earnings of $1.49 a share, up from $1.37 in the year-earlier quarter. \n</p>\n<p>\n  Core funds from operations were $1.44 a share, in line with analysts' expectations, according to FactSet. \n</p>\n<p>\n  Total revenue rose to $2.25 billion from $2.2 billion a year earlier. \n</p>\n<p>\n  The company guided for 2026 earnings of $3.70 to $4 a share and core funds from operations of $6 to $6.20 a share. Analysts are forecasting full-year core funds from operations of $6.13 a share. \n</p>\n<p>\n  Shares were up 2.4% to $133.90 in premarket trading. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Nicholas G. Miller at nicholas.miller@wsj.com. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 21, 2026 08:24 ET (13:24 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PLD","symbol_name":"安博","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2605107470","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2605107470","pubTimestamp":1769001840,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Prologis posted higher fourth-quarter revenue as demand for warehouses continues to bounce back following a multiyear period of weakness.\"Customers are making long-term decisions with greater conviction,\" said Chief Executive Daniel Letter on Wednesday.The industrial real-estate company reported consolidated fourth-quarter earnings of $1.49 a share, up from $1.37 in the year-earlier quarter.Core funds from operations were $1.44 a share, in line with analysts' expectations, according to FactSet.Total revenue rose to $2.25 billion from $2.2 billion a year earlier.The company guided for 2026 earnings of $3.70 to $4 a share and core funds from operations of $6 to $6.20 a share. 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Miller \n\n\n \n\n\n  Prologis posted higher fourth-quarter revenue as demand for warehouses continues to bounce back following a multiyear period of weakness. \n\n\n  \"Customers are making long-term decisions with greater conviction,\" said Chief Executive Daniel Letter on Wednesday. \n\n\n  The industrial real-estate company reported consolidated fourth-quarter earnings of $1.49 a share, up from $1.37 in the year-earlier quarter. \n\n\n  Core funds from operations were $1.44 a share, in line with analysts' expectations, according to FactSet. \n\n\n  Total revenue rose to $2.25 billion from $2.2 billion a year earlier. \n\n\n  The company guided for 2026 earnings of $3.70 to $4 a share and core funds from operations of $6 to $6.20 a share. Analysts are forecasting full-year core funds from operations of $6.13 a share. \n\n\n  Shares were up 2.4% to $133.90 in premarket trading. \n\n\n \n\n\n  Write to Nicholas G. 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