| PLD |
Report |
Core FFO per share (Q2 2026) |
BEAT |
pred ~$1.55 vs. cons $1.53 |
MEDIUM |
| PLD |
Report |
Total revenue (Q2 2026) |
BEAT |
pred ~$2.19B vs. cons $2.16B |
MEDIUM |
| PLD |
Report |
Cash same-store NOI growth (Q2 2026) |
BEAT |
pred ~7.0% vs. cons ~6.6% (midpoint of prior 6.25-7.0% guide) |
MEDIUM |
| PLD |
Guide |
FY2026 Core FFO guidance |
BETTER |
guide ~$6.15-6.31 vs. cons ~$6.18 (FY2026, raised from $6.07-6.23) |
MEDIUM |
| PLD |
Guide |
FY2026 average occupancy guidance |
BETTER |
guide ~95.25-96.0% vs. cons ~95.4% (FY2026, raised from 95.0-95.75%) |
MEDIUM |
| PLD |
Guide |
FY2026 development starts guidance |
UNCHANGED |
guide ~$3.5-4.5B vs. cons ~$4.0B (FY2026, unchanged, ~40% data centers) |
MEDIUM |
| PLD |
Guide |
Segro takeover outcome (PUSU deadline commentary) |
UNKNOWN |
guide ~925p/£12.6B unchanged offer vs. cons expectation of a ~10-15% bump to ~£14-14.5B (by PUSU deadline 07-22-2026) |
LOW |
| PLD |
Return |
Day-1 residual (stock − beta × S&P 500) |
+0.7% |
— |
MEDIUM |
| PLD |
Return |
5-day cumulative residual |
-1.5% (FADE) |
The UK Takeover Panel PUSU deadline (July 22) falls inside the 5-day window after this July 16 print, so the earnings-driven reaction is likely to be overwhelmed/faded by the Segro news: a firm all-share bid raises dilution/leverage concerns (Segro holders would get ~10.5% of pro forma PLD) while a walk-away removes the data-center consolidation premium some investors had priced in, and estimate revisions on the FFO beat/raise alone are unlikely to offset that binary event risk. |
LOW |