Prologis, Inc. reported strong financial performance for the second quarter of 2026, with total revenues reaching $2.425 billion, a 11% increase from $2.184 billion in the same period last year. The company's net earnings attributable to common stockholders were $1.061 billion, or $1.14 per share, compared to $570 million, or $0.61 per share, in the prior year. For the first half of 2026, total revenues increased to $4.723 billion from $4.324 billion, while net earnings attributable to common stockholders rose to $2.041 billion from $1.161 billion. The significant growth in both revenue and profitability was driven by higher rental income and strategic capital revenues, which increased by 64% year-over-year.
Prologis experienced notable changes in its operational metrics, with rental revenues for the second quarter increasing to $2.177 billion, up from $2.025 billion in 2025. The strategic capital segment also saw a substantial rise in revenues, reaching $242 million compared to $147 million in the previous year. The company’s occupancy rate remained high at 95.4%, and the rent change on leases that commenced during the quarter was 34.2% on a net effective basis. The company’s total assets increased to $101.012 billion as of June 30, 2026, up from $98.724 billion at the end of 2025, reflecting ongoing investments in real estate and strategic capital ventures.
In terms of strategic developments, Prologis made significant acquisitions, including $1.9 billion in net investments in real estate, which included consolidating its partner's interest in an unconsolidated co-investment venture in Asia. The company also commenced $3 billion of total expected investment in consolidated development projects, including $2.1 billion for data centers, indicating a strategic focus on expanding its logistics and data center capabilities. Additionally, Prologis formed four new co-investment ventures with third-party investors during the first half of 2026, further enhancing its investment capacity.
Operationally, Prologis reported a total of 3,045 consolidated properties, with 674 million square feet of space, and 2,431 unconsolidated properties totaling 548 million square feet. The company’s investments in and advances to unconsolidated entities increased to $11.467 billion, up from $11.094 billion at the end of 2025. The company’s employee headcount also grew, reflecting its expansion efforts in response to increased demand for logistics and data center facilities.
Looking ahead, Prologis remains optimistic about its growth trajectory, citing strong demand for logistics space driven by e-commerce and supply chain efficiency. The company anticipates continued revenue growth from its existing lease portfolio, with a significant mark-to-market potential of approximately 17%. Prologis plans to leverage its development capabilities and strategic partnerships to capitalize on emerging opportunities in the logistics and data center sectors, while maintaining a strong balance sheet with total available liquidity of $7.6 billion as of June 30, 2026.
About Prologis, Inc.
Prologis, Inc. is a global leader in logistics real estate, owning, managing, and developing high-quality warehouses and distribution centers across 20 countries. Its portfolio supports e-commerce, supply chain modernization, and customer needs for efficient, sustainable facilities. The company generates revenue through leasing, development, and strategic co-investments, leveraging scale, location, and innovative solutions to serve diverse global customers.
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.
View the complete official filing on the SEC website.
Read on SEC.gov