Analyst Report: Prologis Inc

3 hours ago 2

Argus

•

Apr 17, 2026

Prologis, Inc.: Raising people terms to $152

Summary

Prologis is simply a planetary concern REIT that owns, builds, and manages abstraction for warehouses, manufacturing, distribution, and large-scale storage. PLD became the world's largest concern REIT by focusing connected business-to-business fulfillment and e-commerce.

As of the opening of 2026, PLD's portfolio had conscionable nether 5,900 buildings with 1.3 cardinal quadrate feet of abstraction successful 20 countries. Many properties person on-site solar, and astir one-fifth of assets are warehouses implicit 500,000 quadrate feet and astir 65% of full properties are successful North America. The company's apical tenants are Amazon, Home Depot, and FedEx, with Amazon accounting for astir 5.3% of nett effectual rent.

PLD partners with different companies successful associated ventures to trim risk. The REIT besides has a co-investment programme labeled Strategic Capital that creates task opportunities for organization superior partners. Total revenues successful 2025 reached astir $8.8 cardinal and Strategic Capital accounted for astir 7% of full 2025 revenues with $235 cardinal of assets nether management.

PLD has faced unit from an oversupply of warehouse abstraction owed to slowing income astatine online retailers. In response, the institution