Portfolio and Operations - Prologis operates a portfolio of approximately 1.3 billion square feet across 20 countries, focusing on high-barrier, high-growth markets[27] - The Real Estate Segment contributes 90% to 95% of consolidated revenues, earnings, and funds from operations (FFO), with rental operations being the largest component[40] - The company owns or has investments in properties and development projects totaling approximately 1.3 billion square feet, with a gross book value of $62.4 billion across 562 million square feet in co-investment ventures[34][47] - The company has over 4,000 customers occupying 649 million square feet of logistics operating properties, with a total of 6,500 customers in its O&M portfolio occupying 1.3 billion square feet[52] - The company has 159 investors in its private equity ventures as of December 31, 2025, indicating strong investor relationships[58] Development and Growth - The company estimates that its consolidated land and real estate investments can support the development of $37.3 billion of total estimated investment (TEI) in newly developed buildings[46] - The company is currently developing $686 million of TEI on an O&M basis for new data centers[51] - The development business focuses on modern logistics facilities and selectively includes data centers, leveraging strategic locations and customer relationships to enhance value[41] - The company plans to grow its Strategic Capital business by increasing assets under management in existing and new ventures[47] Financial Performance - The company has a total available liquidity of $7.6 billion and a weighted average interest rate of 3.2% on its consolidated debt as of December 31, 2025[50] - The company maintains a strong balance sheet with low leverage and significant liquidity, positioning it to capitalize on opportunistic investments[50] - The company maintains a strong balance sheet with a weighted average remaining term of consolidated debt at 9 years and a weighted average interest rate of 3.2%[50] - The company experienced a 50% increase in net effective rents for lease rollovers during 2025, with an estimated 18% remaining lease mark-to-market potential[48] Sustainability Initiatives - Prologis has over 1 gigawatt of solar generation and storage capacity in its portfolio, supporting sustainability goals[32] - The company aims to achieve 1 gigawatt of solar generation and storage capacity by 2025, with 1.1 gigawatts already installed by December 31, 2025[70] - 100% of eligible new developments and redevelopments are targeted for sustainable building certifications, with 62% already certified by December 31, 2025[72] - The company has implemented LED lighting in 100% of eligible new developments and 83% of eligible operating properties by December 31, 2025[72] - The company is committed to achieving sustainable building certifications for 100% of eligible new developments and redevelopments[72] Community Engagement and Workforce Development - The Community Workforce Initiative has successfully trained 25,000 individuals by 2023, two years ahead of schedule[74] - The company surpassed its goal of 75,000 hours of community support by reaching 96,000 hours by December 31, 2025[75] - The company has invested over 14,400 hours in employee training and development in 2025, with a 92% participation rate in its employee engagement survey[63][64] - The workforce demographics show a commitment to diversity, with ongoing efforts to recruit and retain talented employees[59] Risk Management - The company is subject to various regulatory requirements and geopolitical matters that may adversely impact its financial condition and operating results[80] - The increasing adoption of artificial intelligence (AI) may also negatively affect the company's business and financial performance[80] - The company maintains insurance coverage for properties, including property damage and rental loss insurance, which is primarily funded through customer reimbursements[81] - A catastrophe bond issuance was sponsored in 2024 to provide additional insurance coverage for earthquake risks in the U.S. through 2027[81] - The company believes its insurance coverage is adequate and contains customary policy specifications and limits for similar properties and markets[81]

Key Takeaways Prologis raised its quarterly dividend 5.9% to $1.07 per share, payable on March 31, 2026.PLD reported 95.3% occupancy and 43.8M sq ft of leases commenced in Q4 2025.Prologis holds $7.6B liquidity and guides 2026 same-store NOI growth of 5.75%-6.75%.Boosting shareholders’ wealth, Prologis, Inc. (PLD) recently announced a 5.9% hike in its quarterly cash dividend to $1.07 per share from $1.01 paid out in the prior quarter. The increased dividend will be paid out on March 31 to its shareholders o ...

FIBRA Prologis to Host Fourth Quarter 2025 Earnings Conference Call February 24 [Accessibility Statement] Skip NavigationMEXICO CITY, Feb. 13, 2026 /PRNewswire/ -- FIBRA Prologis (BMV: FIBRAPL 14), a leading owner and operator of Class-A logistics real estate in Mexico, will host a webcast and conference call with senior management to discuss fourth quarter results, current market conditions and future outlook on Tuesday, February 24, at 9:00 a.m. Mexico Time.To access a live broadcast of the call, dial +1 ...

Prologis Board of Directors Approves 6 Percent Increase in Quarterly Common Stock Dividend [Accessibility Statement] Skip NavigationSAN FRANCISCO, Feb. 12, 2026 /PRNewswire/ -- The Board of Directors of Prologis, Inc. (NYSE: PLD) today approved a plan to raise the company's annualized dividend by 6% to $4.28 per share of common stock.The board declared a regular cash dividend for the quarter ending March 31, 2026, on the following securities:- A dividend of $1.0675 per share of the company's 8.54% Series Q ...

Core Viewpoint - The world's largest owner of industrial real estate is considering a co-investment vehicle that will focus on data centers to capitalize on the growing AI boom [1] Group 1 - The company aims to leverage the increasing demand for data centers driven by advancements in artificial intelligence [1]

Core Viewpoint - Prologis, Inc. has announced the tax treatment of its 2025 distributions for both common and preferred stock, detailing the amounts and classifications of dividends as per IRS regulations [1][4][5]. Summary by Category Tax Treatment of Common Dividends - Prologis will distribute a total of $1.01 per share in cash for each of the four quarters in 2025, with specific allocations for ordinary income, qualified dividends, and capital gains [4]. - The breakdown for each quarter is as follows: - Q1: $1.01 total, with $0.919326 as ordinary income and $0.074260 as long-term capital gain [4]. - Q2: $1.01 total, with $0.897470 as ordinary income and $0.085983 as long-term capital gain [4]. - Q3: $1.01 total, with the same distribution as Q2 [4]. - Q4: $1.01 total, with the same distribution as Q2 [4]. Tax Treatment of Preferred Dividends - Prologis will distribute a total of $1.0675 per share in cash for each of the four quarters in 2025, with similar classifications for ordinary income and capital gains [5]. - The breakdown for each quarter is as follows: - Q1: $1.0675 total, with $1.005297 as ordinary income and $0.060450 as long-term capital gain [5]. - Q2: $1.0675 total, with $0.948563 as ordinary income and $0.090878 as long-term capital gain [5]. - Q3: $1.0675 total, with the same distribution as Q2 [5]. - Q4: $1.0675 total, with the same distribution as Q2 [5]. Additional Information - Shareholders will receive IRS Form 1099-DIV for tax reporting purposes, with specific instructions for those holding shares in "street name" [2]. - Prologis advises consultation with a tax advisor for understanding the federal, state, and local tax implications of these distributions [3].

Core Viewpoint - Prologis (PLD) is entering a favorable phase of the business cycle with multiple tailwinds supporting its growth [1] Industry Summary - Core logistics fundamentals are showing positive inflection, indicating a strengthening market environment for logistics companies [1] Company Summary - Prologis is identified as a quality company with long-term growth potential, aligning with value investing principles [1]

Company Overview - Prologis (NYSE:PLD) is a leading industrial real estate investment trust (REIT) focusing on logistics facilities globally, providing warehouses and distribution centers across various industries [1] - Prologis competes with other industrial REITs such as Industrial Logistics Properties Trust (ILPT) and First Industrial (FR), all experiencing a resurgence in demand [1] Financial Performance - BMO Capital set a price target of $123 for Prologis, with the stock currently trading at $127.24, reflecting a decrease of 2.97% from its previous price [2][6] - Prologis signed 57 million square feet of leases in Q4, boosting its occupancy rate to 95.8% and supporting strong core funds from operations (FFO) [3][6] Market Conditions - The U.S. industrial real estate market began 2026 with increased visibility, driven by a rebound in demand during the latter half of 2025 [4] - U.S. industrial vacancy rates remained steady at 7.1% for the third consecutive quarter, with full-year net absorption reaching 176.8 million square feet, marking a 16.3% increase year over year [4][6] Investor Sentiment - Investors are focusing on the sustainability of cash flows and balanced portfolios rather than peak rent growth, positioning Prologis favorably in this environment [5] - Prologis has a market capitalization of approximately $118.19 billion, with a trading volume of 3,434,012 shares on the NYSE, indicating active investor interest [5]

Prologis Inc. (NYSE:PLD) reported weak revenue for its fourth quarter on Wednesday.Rental and other revenue came in at $2.10 billion, falling short of the analyst consensus estimate of $2.148 billion.Core funds from operations (FFO) declined to $1.44 from $1.50 in the prior-year quarter, in line with analyst expectations. Earnings per share improved to $1.49, compared with $1.37 a year ago.For fiscal 2026, Prologis guided for core FFO in the range of $6.00 to $6.20, compared with the consensus estimate of $ ...

Core Insights - Prologis Inc. reported weak revenue for Q4, with rental and other revenue at $2.10 billion, below the analyst consensus estimate of $2.148 billion [1] - Core funds from operations (FFO) decreased to $1.44 from $1.50 year-over-year, aligning with analyst expectations, while earnings per share improved to $1.49 from $1.37 [1] Fiscal Guidance - For fiscal 2026, Prologis guided core FFO in the range of $6.00 to $6.20, compared to the consensus estimate of $6.13 [2] - The company anticipates Prologis Share Average Occupancy to be between 94.75% and 95.75% [2] Stock Performance and Analyst Ratings - Following the earnings announcement, Prologis shares fell 1.8% to $128.79 [2] - Analysts have adjusted their price targets: Argus Research raised the target from $128 to $135, UBS from $144 to $148, and Evercore ISI Group from $118 to $121 [3]