Prologis (PLD) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $0.84
- Estimate
- $0.79
- Surprise
- +6.6%
- Score at report (before → after)
- 6.1 → 6.3/10
Revenue for this quarter isn’t shown: the reported figure hasn’t cleared TrendMatrix’s freshness and sanity checks yet, and consensus revenue isn’t tracked. EPS above is the available figure.
How the report landed
Prologis (PLD) beat the $0.79 estimate with adjusted EPS of $0.84 — a clear 6.6% upside surprise. TrendMatrix's engine moved from Buy (Wait) (6.1/10) to Sell at 6.3/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates PLD Hold at 5.6/10.
4 of the last 4 quarters beat the estimate; this quarter's +6.6% surprise compares with a +52.4% four-quarter average. Next scheduled report: 2027-01-20.
What supports the rating
- V7 quality resilience bonus: +0.2 (Q=7.2 in RISK_OFF)
- Strong earnings beat streak (4/4)
What argues against it
- Concentration risk — Property Type: logistics
- Analyst target reached - limited upside remaining
- Sector modifier (Real Estate): -1.2
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $129.84
- Price target
- $132.30
- Stop
- $125.06
- Upside to target
- +1.9%
- Reward-to-risk
- 0.4:1
Forward estimates sit below the trailing run-rate (36.5× forward vs 28.9× trailing) — consensus expects earnings to decline from here.
Model outputs from TrendMatrix’s engine as of 2026-11-05 — shown for context, not personalized investment advice.
PLD at TrendMatrix's latest read
REIT quarters hinge on occupancy, rate exposure, and FFO rather than headline EPS, which mechanically distorts under depreciation.
- Industry
- REIT - Industrial
- Market cap
- $127.69B
- P/E (fwd)
- 36.5
- P/E (ttm)
- 28.9
- 52-week range
- $121.40–$153.35
- Off 52-week high
- 15.3%
- RSI (14)
- 62
- Volume vs avg
- 0.46×
- Score today
- 5.6/10