Core Insights - Prologis reported strong fourth-quarter earnings and revenue, exceeding Wall Street expectations, driven by robust leasing activity and positive guidance for 2026 [1][2] Financial Performance - The company achieved net earnings of $1.49 per diluted share for the fourth quarter, significantly above the consensus estimate of $0.70 [1] - Revenue for the quarter reached $2.1 billion, slightly surpassing expectations of $2.09 billion [1] - For the full year, net earnings were reported at $3.56 per share, a decrease from $4.01 in the previous year [4] - Core funds from operations (FFO) for 2025 totaled $5.81 per share, an increase from $5.56 in 2024, while adjusted core FFO rose to $5.86 per share from $5.53 [4] Leasing Activity - Prologis signed a record 228 million square feet of leases in 2025, indicating a broad recovery in warehouse demand across U.S. markets [2] - The leasing momentum is expected to position the company for stronger growth in 2026, with customers committing to longer-term space amid stabilizing demand [2] Future Outlook - The company forecasts net earnings attributable to common stockholders for 2026 to be between $3.70 and $4.00 per diluted share [3] - Projected core funds from operations for 2026 are estimated to be between $6.00 and $6.20 per share [3] Infrastructure Expansion - Prologis is expanding power capacity across its properties to meet rising data center demand, highlighting the intersection of logistics real estate and digital infrastructure [3]

Core Insights - Prologis Inc. shares rose over 4% intra-day following strong third-quarter results that surpassed analyst expectations and an upward revision of its full-year forecast, driven by record leasing activity and increased investments in data centers [1] Financial Performance - The company reported earnings per share of $0.82, exceeding analyst projections of $0.67, while core funds from operations increased 4.2% year-over-year to $1.49 per share [2] Leasing Activity - Prologis signed a record 62 million square feet of leases during the quarter, reflecting the ongoing demand for warehouse space [3] - The firm is expanding its power capacity to meet data center demand, with 5.2 gigawatts of utility-fed capacity either secured or in advanced development [3] Future Outlook - The company raised its 2025 net earnings outlook to a range of $3.40 to $3.50 per share, up from the previous forecast of $3.00 to $3.15 [3] - Executives indicated that strong operational performance, increasing demand for logistics and digital infrastructure, and disciplined development activity position Prologis for continued earnings momentum into the next year [4]