Prologis (NYSE: PLD) reported third-quarter 2026 net earnings of $0.86 per diluted share, up from $0.82 a year earlier, and Core FFO of $1.60 per share, while total revenue rose 7.9% to $2,388m. However, it cut its full-year 2026 net earnings guidance to $4.05–$4.15 per diluted share from $4.40–$4.55, while narrowing Core FFO guidance to $6.25–$6.29. Shares fell 3.8% to $126.985 on the day, extending a 5.11% decline over the prior 20 trading sessions. Management said replacement cost rents sit roughly 27% above current market levels, and SEGRO shareholders approved a combination that would expand its European portfolio to 363 million square feet. The article also cites the 10-year US Treasury yield at 5.21% as a source of pressure on REIT valuations.
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