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
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 Sell at 6.3/10.
4 of the last 4 quarters beat the estimate; this quarter's +6.6% surprise compares with a +52.4% four-quarter average.
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
- Thin upside margin: 6.8%
- 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
- $126.94
- Price target
- $135.59
- Stop
- $122.37
- Upside to target
- +6.8%
- Reward-to-risk
- 1.4:1
Forward estimates sit below the trailing run-rate (37.9× forward vs 28.2× trailing) — consensus expects earnings to decline from here.
Risk check: trading volume is running 1.7× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-10-16 — 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
- $123.40B
- P/E (fwd)
- 37.9
- P/E (ttm)
- 28.2
- 52-week range
- $121.17–$153.35
- Off 52-week high
- 17.2%
- RSI (14)
- 36
- Volume vs avg
- 1.66×
- Score today
- 6.3/10