Prologis, Inc.'s Stock Analysis

Prologis to Issue C$700 Million in Senior Unsecured Notes

Prologis, L.P. plans to close the issuance of C$700,000,000 in senior unsecured Notes on October 27, 2025, with an interest rate of 3.600% and a maturity date of February 15, 2032. The net proceeds from this offering are estimated to be approximately C$693.6 million, which will be used for general corporate purposes, including the repayment of existing borrowings and other debt obligations.

The Offering is facilitated through an Underwriting Agreement with Scotia Capital Inc. and TD Securities Inc. The Indenture governing the Notes imposes restrictions on the Operating Partnership's ability to incur additional debt and engage in significant asset transactions. The Notes will be redeemable under specific conditions prior to the Par Call Date, and the offering is registered with the Securities and Exchange Commission.

Oct 27, 2025 06:16:41

Prologis Reports Third Quarter 2025 Financial Results

Prologis, Inc. reported its third quarter 2025 financial results, showing rental and other revenues of $2.064 billion, an increase from $1.901 billion in the same quarter of 2024. The net earnings attributable to common stockholders for the quarter were $763 million, down from $1.004 billion a year earlier. The company’s core funds from operations (FFO) for the quarter were $1.426 billion compared to $1.367 billion in the prior year. Prologis managed a total of $215 billion in assets under management, with a significant portion of its operations concentrated in the U.S., accounting for 85% of its net operating income (NOI). The annual NOI stood at $6.6 billion, reflecting the company's extensive portfolio of logistics facilities leased to approximately 6,500 customers across various sectors.

As of September 30, 2025, Prologis owned or had investments in properties totaling about 1.3 billion square feet globally, with ongoing development projects adding to their portfolio. The company reported $771 million in value creation from stabilizations and outlined guidance for 2025, projecting core FFO attributable to common stockholders in the range of $5.78 to $5.81 per share. Prologis maintained a high average occupancy rate of approximately 94.75% to 95.25% and reported a same-store NOI growth of 4.75% to 5.25%. The financial results indicate a solid operational foundation despite a decline in net earnings year-over-year.

Oct 15, 2025 08:05:52

Prologis Issues €1 Billion in Senior Unsecured Notes

Prologis Euro Finance LLC and Prologis, L.P. completed the issuance of €1 billion in senior unsecured notes on September 22, 2025. This includes €500 million of 3.250% Notes due in 2032 and €500 million of 3.875% Notes due in 2037. The net proceeds from this sale are estimated to be around €989.2 million, which will be used for general corporate purposes, including debt repayment and other financial obligations.

The notes will be fully guaranteed by Prologis, L.P. and are subject to certain restrictions under the indenture governing them, including limitations on incurring additional debt and asset disposals. The 2032 Notes and 2037 Notes can be redeemed at specified prices, and they will bear interest until maturity. This issuance is part of a broader public offering registered with the SEC, and the details of the underwriting agreement and other relevant documents have been filed accordingly.

Sep 22, 2025 06:04:12

Prologis Announces Leadership Transition in Accounting Department

Prologis, Inc. has announced that Lori Palazzolo will retire as Chief Accounting Officer on April 1, 2026, after which she will serve as a senior advisor to assist with the transition. Trisha Burns will take over the role of Chief Accounting Officer on the same date.

Trisha Burns, age 44, has been with Prologis since 2010 and has held various positions, including Senior Vice President of Global Accounting and Financial Reporting since January 2025. Prior to that, she served as Senior Vice President of Corporate Accounting and Reporting from July 2018 to January 2025.

Sep 18, 2025 09:09:17

Prologis Reports Second Quarter 2025 Financial Results

Prologis, Inc. announced its financial results for the second quarter of 2025, reporting total revenues of $2.18 billion, an increase from $2.01 billion in the same quarter of 2024. The company reported net earnings attributable to common stockholders of $570 million, translating to $0.61 per diluted share, compared to $860 million and $0.92 per diluted share in the prior year. Core Funds From Operations (FFO) for the quarter was $1.40 billion, or $1.46 per share, up from $1.28 billion or $1.34 per share a year prior. Prologis also declared dividends of $1.01 per share for the quarter, an increase from $0.96 per share in the previous year.

As of June 30, 2025, Prologis had total assets of approximately $97.72 billion, with net investments in real estate properties amounting to $80.51 billion. The company's annual Net Operating Income (NOI) was reported at $6.4 billion, with a development portfolio valued at $2.89 billion. Prologis' operating metrics indicated an average occupancy of 95.4% and a strong customer base of around 6,500 clients across various sectors. The company continues to focus on high-barrier, high-growth markets, managing properties totaling approximately 1.3 billion square feet in 20 countries.

Jul 16, 2025 08:05:37

Prologis Issues $1.25 Billion in Senior Unsecured Notes

Prologis, L.P. has successfully closed the issuance of $1.25 billion in senior unsecured notes, consisting of $500 million in 4.750% notes due 2031 and $750 million in 5.250% notes due 2035. The notes were priced on May 5, 2025, and the net proceeds from this offering are estimated to be approximately $1.2 billion, which will be used for general corporate purposes, including the repayment of existing borrowings and possibly other debt obligations.

The notes will mature on January 15, 2031, and May 15, 2035, respectively, and will be redeemable at the option of Prologis at specified prices. The governing indenture includes restrictions on the Operating Partnership’s ability to incur additional debt or merge with other entities. The notes are part of a public offering registered with the Securities and Exchange Commission.

May 07, 2025 16:11:35

Prologis Reports Q1 2025 Earnings with Mixed Financial Results

Prologis, Inc. reported a net earnings attributable to common stockholders of $592 million for Q1 2025, slightly up from $584 million in Q1 2024. The company also saw an increase in Core FFO attributable to common stockholders/unitholders, rising to $1.356 billion from $1.222 billion year-over-year. Additionally, the annualized Net Operating Income (NOI) reached $6.3 billion, and the value creation from development stabilizations was reported at $963 million, indicating growth in key operational metrics and a diverse customer base across logistics facilities.

On the downside, total revenues increased only marginally from $1.957 billion in Q1 2024 to $2.140 billion in Q1 2025, reflecting slower overall revenue growth. The company's average occupancy rate declined to 95.2% from 95.5% in the previous quarter. Furthermore, interest expenses rose to $231.8 million compared to $193.3 million a year earlier, impacting overall profitability. The total liabilities also increased from $36.7 billion to $37.9 billion, suggesting a rise in financial obligations.

Apr 16, 2025 08:05:34

Prologis Announces Leadership Transition with CEO Retirement Plans

Prologis has announced the retirement of co-founder and CEO Hamid R. Moghadam, effective January 1, 2026, after over 40 years of leadership. Moghadam will continue to serve as executive chairman, providing strategic guidance. Dan Letter, the current president, will succeed Moghadam as CEO and join the Board of Directors immediately. Letter has been with Prologis since 2004 and is noted for his deep industry experience and collaborative leadership style, which positions him well for the company's future growth.

The transition has been described as a carefully planned succession to ensure the company's continued success. Moghadam's leadership has been credited with transforming Prologis from a startup to a global leader in logistics real estate. The Board of Directors expressed gratitude for Moghadam's contributions and confidence in Letter's ability to guide the company forward. The announcement highlights the ongoing commitment to Prologis' mission and values during this leadership change.

Feb 19, 2025 08:38:35

Prologis to Issue C$750 Million in 4.200% Notes

Prologis, L.P. has announced its plans to issue C$750 million worth of 4.200% Notes due in 2033, with expected net proceeds of approximately C$742.6 million. The funds will be used for general corporate purposes, including the repayment of existing borrowings. The issuance is backed by an Underwriting Agreement with Scotia Capital Inc. and TD Securities Inc., ensuring a structured approach to the sale of these senior unsecured obligations.

However, the issuance of these Notes comes with restrictions on the Operating Partnership's ability to incur additional debt or engage in significant asset disposals. This could limit financial flexibility in the future. Additionally, while the interest rate of 4.200% is fixed, the conditions for redemption before the Par Call Date may present complexities for investors who are considering their options early.

Feb 04, 2025 08:00:24

Prologis Reports $6.2B Annual NOI for Fourth Quarter 2024

Prologis, Inc. reported significant financial growth for the fourth quarter of 2024, achieving $6.2 billion in annual net operating income (NOI) and an increase in total revenues to $2.2 billion, compared to $1.9 billion in the previous year. The company also noted a rise in net earnings attributable to common stockholders, reaching $1.3 billion, up from $629 million in the same quarter last year. Additionally, Prologis created $773 million in value from development stabilizations, contributing positively to its overall performance metrics.

However, the company faced challenges as its strategic capital revenues decreased to $254 million from $130 million year-over-year. Furthermore, the annualized funds from operations (FFO) attributable to common stockholders showed a slight decline, totaling $5.3 billion compared to $5.3 billion in the previous year. The average occupancy rate also dipped slightly to 94.5%, indicating potential concerns in maintaining high occupancy levels across its properties.

Jan 21, 2025 08:05:23