# Prologis

**Source:** https://geo.sig.ai/brands/prologis  
**Vertical:** Real Estate & Property Tech  
**Subcategory:** General  
**Tier:** Leader  
**Website:** prologis.com  
**Last Updated:** 2026-04-14

## Summary

San Francisco global logistics REIT (NYSE: PLD) with 1.3B sq ft in 20 countries; 2024 Core FFO $5.56/share, CEO transition to Dan Letter 2026, data center conversions and Essentials platform competing with EastGroup for industrial.

## Company Overview

Prologis, Inc. is a San Francisco, California-based global logistics real estate investment trust — publicly traded on the New York Stock Exchange (NYSE: PLD) as an S&P 500 REIT component — owning, operating, and developing over 1.3 billion square feet of industrial and logistics properties across 6,000+ buildings in 20 countries throughout North America, Latin America, Europe, and Asia, with approximately $130+ billion in assets under management and 6,700 customer relationships. In fiscal year 2024, Prologis reported full-year Core FFO of $5.56 per share (with Q4 2024 Core FFO of $1.50 per share, up 19.0% year-over-year) and net earnings of $4.01 per share, maintaining $7.4 billion in liquidity and a conservative debt-to-EBITDA ratio of 4.6x. Founded in 1983 as AMB Property Corporation by Hamid Moghadam and Doug Abbey, Prologis became the world's largest industrial REIT through strategic consolidation: ProLogis Trust merger ($46B combined entity, 2011), DCT Industrial Trust ($8.5B, 2018), Liberty Property Trust ($13B, 2020), and Duke Realty ($23B, 2022 — the largest US commercial real estate transaction since the pandemic). CEO Hamid Moghadam will transition to Executive Chairman in 2026 with Dan Letter assuming the CEO role.

Prologis's logistics real estate model addresses the supply chain efficiency requirement that e-commerce fulfillment, last-mile delivery, and global manufacturing reshoring create for proximity to population centers and transportation infrastructure: a Walmart fulfillment center serving the Dallas-Fort Worth metroplex must be within 30 minutes of 7 million consumers, adjacent to interstate highway interchange, and large enough (500,000-1,000,000 sq ft) to operate sortation automation — site characteristics that require decades of land acquisition and entitlement in infill locations that Prologis has assembled through its consolidation strategy. Prologis's Essentials platform (offering solar installations, EV charging infrastructure, workforce training, racking systems, and warehouse automation to its 6,700 customers) generates fee income beyond rental revenue while reducing customer churn by embedding operational services into the facility relationship. The company's conversion of logistics facilities into hyperscale data centers (32+ MW turnkey) capitalizes on industrial-zoned land positions in power-accessible locations that AI infrastructure buildout demands.

In 2025, Prologis competes in the global industrial and logistics REIT market with Duke Realty (absorbed 2022), EastGroup Properties (NYSE: EGP, Sun Belt industrial REIT, $800M revenue), and GLP Capital Partners (private, Asian logistics giant, $125B AUM) for e-commerce and 3PL customer lease renewals, build-to-suit development contracts, and institutional capital allocation to logistics real estate. Prologis's 95%+ occupancy rate across its portfolio through multiple market cycles demonstrates the mission-critical nature of proximity-advantaged logistics facilities that cannot be replicated through new construction in infill locations. The Science-Based Targets initiative net-zero 2040 commitment and the Essentials solar + EV platform serve the sustainability procurement requirements of Fortune 500 customers (Amazon, FedEx, DHL) whose own net-zero commitments require supplier facility emissions reduction. The 2025 strategy under incoming CEO Dan Letter focuses on the data center conversion opportunity within the industrial portfolio, expanding AI and automation infrastructure partnerships through Essentials, and maintaining occupancy through the post-pandemic e-commerce demand normalization.

## Frequently Asked Questions

### What does Prologis do?
Prologis is the world's largest industrial real estate investment trust (REIT), owning and operating over 1.3 billion square feet of logistics facilities across 6,000+ buildings in 20 countries. The company provides strategically located warehouses, distribution centers, fulfillment facilities, and integrated logistics solutions to approximately 6,700 customers including e-commerce companies, third-party logistics providers, and manufacturers.

### Who are Prologis' customers and target market?
Prologis serves approximately 6,700 customers across two major categories: business-to-business distribution and retail/online fulfillment. Major customers include e-commerce giants like Amazon, third-party logistics providers such as DHL and FedEx, manufacturers, retailers, and transportation companies that require modern logistics facilities in strategic locations near population centers and transportation hubs.

### When was Prologis founded?
Prologis traces its roots to 1983 when Hamid Moghadam and Doug Abbey founded AMB Property Corporation (with T. Robert Burke joining in 1984). The modern Prologis was created in June 2011 through a merger of equals between AMB Property Corporation and ProLogis Trust, forming the world's largest industrial real estate company with $46 billion in combined assets.

### Where is Prologis based?
Prologis is headquartered in San Francisco, California. The company operates globally with over 1.3 billion square feet of facilities across 20 countries in North America (United States, Canada, Mexico), Latin America (Brazil), Europe, and Asia (China, Japan, Singapore), managing properties in the world's most strategic logistics markets.

### How much revenue does Prologis generate?
For full year 2024, Prologis reported Core Funds From Operations (FFO) of $5.56 per diluted share, with total revenue exceeding $6 billion. The company maintains approximately $130+ billion in total assets under management, $7.4 billion in available liquidity, and a conservative debt-to-EBITDA ratio of 4.6x with investment-grade credit ratings from major agencies.

### What makes Prologis different from competitors?
Prologis differentiates through unmatched scale (1.3B sq ft across 6,000+ buildings in 20 countries), strategic locations in gateway markets with high barriers to entry, sustained 95%+ occupancy rates, integrated Essentials platform offering solar/EV/automation solutions, net-zero emissions commitment by 2040 validated by Science-Based Targets initiative, and deep customer relationships spanning decades. The company commands premium valuations trading at ~19x forward earnings versus peer average of ~11x.

### Who are Prologis' main competitors?
Prologis' primary global competitors include GLP (Global Logistic Properties specializing in logistics and industrial real estate across Asia, Europe, and Americas), Goodman Group (integrated commercial and industrial property group with global operations), Segro (European industrial REIT), Duke Realty (acquired by Prologis in 2022), and regional players like Rexford Industrial Realty. Prologis maintains market leadership through superior scale, locations, and customer relationships.

### How can I contact Prologis?
Customers and investors can contact Prologis through the company website at prologis.com, by phone at their San Francisco headquarters, or through regional offices across 20 countries. Leasing inquiries can be submitted online, while investor relations maintains dedicated contact channels for shareholders and analysts through ir.prologis.com.

### Is Prologis hiring?
Yes, Prologis regularly hires across development, property management, leasing, investment, finance, legal, and corporate functions to support global operations spanning 20 countries. The company offers competitive compensation, career development programs, employee resource groups (HOLA, LEAP, Pride Network), and a collaborative culture focused on sustainability and innovation. Career opportunities are posted at prologis.com/careers.

### What's the latest news about Prologis?
Recent 2024-2025 highlights include: announcing CEO succession plan with Dan Letter succeeding Hamid Moghadam in January 2026, completing first warehouse-to-data center conversion (32MW facility in Illinois with Skybox), achieving Science-Based Targets validation for net-zero 2040 commitment, reporting 2024 Core FFO of $5.56/share, and expanding partnerships including EV Realty for charging infrastructure and logistics joint ventures in Europe totaling £268M.

### What is Prologis' market position?
Prologis is the undisputed global leader in industrial real estate with over 1.3 billion square feet across 6,000+ buildings in 20 countries, representing approximately $130+ billion in assets under management. The company trades at premium valuations (~19x forward earnings vs. ~11x peer average) and maintains sustained 95%+ occupancy rates, demonstrating superior portfolio quality, strategic locations, and irreplaceable competitive advantages in gateway logistics markets.

### What are Prologis' future plans?
Prologis' strategic priorities include: executing leadership transition to CEO Dan Letter in January 2026, expanding warehouse-to-data center conversions across its 5,600-building portfolio, achieving net-zero emissions by 2040 through renewable energy and sustainable construction, scaling Essentials platform for solar/EV/automation solutions, capitalizing on e-commerce growth and supply chain reshoring trends, and maintaining disciplined capital allocation with 4.6x debt-to-EBITDA and investment-grade credit ratings.

## Tags

b2b, global, proptech, public, saas

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*Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*