Real Estate
Price
$139.43
+1.92%Market Cap
$132.74B
Day High
$139.50
Day Low
$136.86
Prologis delivered a strong Q1 FY2026 with revenue rising 7.4% YoY to $2.30B and net income surging 65.6% to $982M, driven by significant operating leverage that pushed operating margin above 52%.
Key risk: Rising Long-Term Debt Load
Long-term debt increased 7.5% YoY to $34.7B, while financing cash outflows surged 320.3% YoY to -$1.16B. As a capital-intensive REIT, Prologis is sensitive to interest rate movements, and sustained higher rates could increase refinancing costs and compress net income.