Global Finance News
17 Apr 2026, 19:47
Prologis reported strong first-quarter 2026 results, with net earnings rising to $1.05 per share from $0.63 a year earlier, while core funds from operations (Core FFO) increased to $1.50 per share.
The logistics real estate giant highlighted record leasing activity, signing 64 million square feet during the quarter, supported by resilient demand and high occupancy levels of around 95%. Rent growth remained robust, with net effective rents increasing nearly 32%, reflecting continued strength in the logistics property market.
Prologis also expanded its data center platform, launching $1.3 billion in build-to-suit developments as part of its push into digital infrastructure. Strategic partnerships with major investors are expected to enhance capital access and support large-scale investments.
The company maintained a solid financial position, with $6.7 billion in liquidity and disciplined leverage, while continuing active development and acquisition activity. Management indicated that strong execution and capital strength support an improved outlook for Core FFO despite ongoing geopolitical uncertainties.
PRNewswire
The logistics real estate giant highlighted record leasing activity, signing 64 million square feet during the quarter, supported by resilient demand and high occupancy levels of around 95%. Rent growth remained robust, with net effective rents increasing nearly 32%, reflecting continued strength in the logistics property market.
Prologis also expanded its data center platform, launching $1.3 billion in build-to-suit developments as part of its push into digital infrastructure. Strategic partnerships with major investors are expected to enhance capital access and support large-scale investments.
The company maintained a solid financial position, with $6.7 billion in liquidity and disciplined leverage, while continuing active development and acquisition activity. Management indicated that strong execution and capital strength support an improved outlook for Core FFO despite ongoing geopolitical uncertainties.
PRNewswire