Prologis

What Prologis does

Prologis is the world's largest logistics real estate investment trust (REIT), operating approximately 1.3 billion square feet of industrial and distribution properties across 20 countries with 6,500+ customers. Founded in 1983 and headquartered in San Francisco with corporate offices in Denver, the company develops, owns, and operates logistics facilities positioned near major ports, highways, and consumer populations for e-commerce, manufacturing, third-party logistics, and consumer goods customers. Its product surface spans the Prologis Essentials integrated platform (operations, energy, mobility, workforce, automation, and software modules), Clear Lease simplified all-inclusive leasing, build-to-suit and speculative development, sustainable-certified buildings, and an emerging data center vertical supported by 5.7 GW of power capacity and 14,000 acres of development-ready land.

The company monetizes primarily through recurring rental revenue from long-term enterprise leases, complemented by development gains, Strategic Capital management fees and promote structures from joint ventures with institutional investors (GIC, La Caisse), value-added services through the Essentials platform, and corporate venture investments via Prologis Ventures. Go-to-market is enterprise sales-led through regional presidents across the Americas, Europe, and Asia, supplemented by a self-serve property search portal and integrated digital platform for existing customers.

Business model has scaled materially through acquisitions (most notably Duke Realty for ~$26 billion in 2022) and Strategic Capital partnerships that recycle capital and expand the platform without full balance-sheet exposure. In Q1 2026 the company posted $2.3 billion in revenue (up 7% year-over-year) with 95.3% occupancy, record 64 million square feet of lease signings, and 32% net effective rent change, while pursuing an aggressive expansion path including a rejected £12.6 billion all-share approach for UK REIT SEGRO and a major pivot into AI-adjacent data center development.

Name

Prologis

Legal name

Prologis Inc.

Website

https://prologis.com

Company type

Public

Founded year

1983

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Prologis is the world's largest logistics REIT, owning and operating approximately 1.3 billion square feet of industrial real estate across 20 countries for 6,500+ enterprise customers in e-commerce, manufacturing, and third-party logistics, with an integrated Essentials platform, build-to-suit development, and an emerging data center vertical.

Ownership category

akta.pro rank

Product category

Logistics Real Estate

NAICS

Real Estate Property Managers (53131), Transportation and Warehousing (48-49)

SIC

Public Warehousing & Storage (4220), Services-Management Services (8741)

akta.pro primary industry

Industrial & Logistics Property Management (BPAJAGAC)

Keywords

• Logistics real estate
• Industrial property leasing
• Warehouse development
• Supply chain real estate
• Build-to-suit facilities

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Rental Revenue: Primary revenue stream from rent on logistics facilities across 20 countries. Prologis owns approximately 1.3 billion square feet of logistics properties. Revenue generated from long-term leases with enterprise customers.
2. Development Projects: Revenue from development and acquisition of logistics real estate, including build-to-suit and speculative development. The company raised full-year development guidance to $4.5-5.5 billion with roughly 40% allocated to data centers.
3. Strategic Capital Management: Joint venture partnerships with institutional investors including GIC ($1.6 billion build-to-suit program) and La Caisse (pan-European venture PLIVE). Management fees and promote structures from capital deployed on behalf of investors.
4. Prologis Essentials Services: Value-added services including operations, energy sustainability, workforce, and on-demand solutions provided to warehouse customers. Revenue from integrated turnkey warehouse solutions.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

Prologis owns, operates, and develops industrial logistics real estate across 20 countries with approximately 1.3 billion square feet of facilities leased to 6,500+ enterprise customers through its Clear Lease all-inclusive pricing model. It develops build-to-suit, speculative, sustainable, and data center facilities, and delivers the Prologis Essentials Platform providing integrated warehouse operations, energy, mobility, and workforce solutions layered on top of the real estate.

Product overview

Prologis offers a comprehensive logistics real estate platform centered on its Essentials Platform, which provides integrated fulfillment solutions across Operations, Energy + Sustainability, OnDemand, and Workforce modules. The core offering includes property leasing through Clear Lease, development services (Build-to-Suit, Data Centers, Speculative, Sustainable Development), and real estate operations management. The Operations Essentials suite includes modular solutions for Material Handling, Infrastructure, Automation & Robotics, Software & Technology, Security, Transportation, Workplace Productivity, Consulting, and Move-In/Move-Out services. The company also operates Prologis Ventures for innovation investment and Strategic Capital for institutional investment management. Data Centers represent an emerging growth area offering turnkey, build-to-suit, and powered shell options with significant power capacity.

Differentiator

Problem solved

Functional benefit

Brands

• Prologis Essentials: Integrated fulfillment solutions platform offering operations, energy and sustainability, OnDemand, and workforce services
• Prologis Ventures
• Clear Lease
• GROUNDBREAKERS
• Last Touch Distribution Centers
• Prologis Power Campus

Products and services

• Prologis Essentials Platform Core integrated platform providing warehouse operations, energy and sustainability, OnDemand power, and workforce solutions delivered on top of Prologis logistics real estate for enterprise customers.
• Clear Lease Simplified commercial lease product with all-inclusive pricing structure eliminating annual CAM reconciliations and providing fixed annual escalation for cost certainty across the lease term.
• Build-to-Suit Development Custom development service that delivers purpose-built logistics facilities tailored to an enterprise customer's specifications, including site selection, land acquisition, permitting, and construction.
• Data Center Development Turnkey, build-to-suit, and powered shell data center development service offering power-access solutions for hyperscalers, edge computing, and AI infrastructure customers.
• Speculative Development Speculative logistics property development service that delivers pre-built warehouses in prime consumption-market locations ahead of specific tenant commitments.
• Sustainable Development Sustainable building design and certification service meeting LEED, BREEAM, HQE, DGNB, and CASBEE standards, providing energy-efficient and environmentally certified logistics facilities.
• Strategic Capital Institutional capital management platform offering co-investment joint ventures with sovereign wealth and pension fund investors in logistics real estate development and operating portfolios.
• Prologis Ventures Corporate venture capital arm investing in supply chain and logistics innovation, with a portfolio of 50+ companies spanning approximately $250 million of deployed capital.
• Real Estate Operations Active property management service covering Gateway, City Distribution, Multi-Market, and Last Touch distribution properties with 24/7 property management and maintenance support.
• OnDemand Power and Fleet Electrification Energy infrastructure service for logistics facilities including OnDemand Power, Fleet Electrification, Workplace Charging, and Hubs to support electric vehicle infrastructure and operational energy needs.

Quantifiable outcome

• Record 64 million square feet of lease signings in Q1 2026
• +6 more outcomes

Named customers11 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Four partnerships are on record, tiered minor and core.

• American Bureau of Shipping (ABS)minorStrategic or Co-development Partner · 26 May 2026ABS provides technical leadership alongside anchor partners Prologis Ventures for TMV Logistics venture fund. Advisory network spans leaders from ConGlobal, Fenix Marine Services, Maersk, Flexport, and Dorian LPG.
• Prologis Strategic Alliance PartnerscoreChannel Partner/ Reseller/ DistributorLaunched in 1998, the Strategic Alliance Partners program includes 200+ local vendors and real estate professionals delivering solutions in operations, energy sustainability, workforce, and mobility to support customer success.
• Blackstone (Link Logistics)minorOthersBlackstone subsidiary Link Logistics acquired an 8-property industrial portfolio from Prologis for $195.9 million, demonstrating portfolio optimization through asset sales.
• FIBRA PrologiscoreOthersFIBRA Prologis, a Mexican REIT focused on Class A logistics properties, acquired a building in Toluca from Prologis for $94 million, fully leased to a global e-commerce company. FIBRA Prologis Technical Committee includes Prologis executives.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Goodman Group: Australian-listed global industrial and logistics property group with major exposure in Australia, Asia-Pacific, Europe, and the Americas. Closely comparable to Prologis in core business (logistics real estate ownership, development, and fund management) and global scale.
• GLP (Global Logistic Properties): Global logistics real estate operator and fund manager with deep Asia and Americas exposure. Directly comparable to Prologis's ownership, development, and Strategic Capital-style fund management business across logistics real estate.
• Rexford Industrial Realty: US industrial REIT focused exclusively on Southern California infill logistics real estate. Directly comparable to Prologis on infill/last-mile thesis and the rent-growth dynamic of supply-constrained industrial submarkets.
• First Industrial Realty Trust: US diversified industrial REIT with a national portfolio of distribution and light industrial properties. Closely comparable to Prologis in customer mix (3PL, e-commerce, manufacturing) and core business model.
• Terreno Realty: US industrial REIT operating infill industrial properties in six major coastal US markets. Highly comparable to Prologis on infill industrial thesis, last-mile demand, and rent growth dynamics in supply-constrained submarkets.
• ESR Group: Asia-Pacific focused logistics and data center real estate platform with fund management capabilities. Highly comparable to Prologis on industrial/logistics ownership and the emerging data center adjacency, particularly in APAC markets.
• Link Logistics (Blackstone): Blackstone-owned pure-play US industrial/logistics real estate platform and the largest US-focused peer to Prologis. Directly comparable in target market, tenant base, and asset class, and an active counterparty in Prologis's portfolio optimization (e.g., $195.9M portfolio purchase).
• STAG Industrial: US industrial REIT with a national portfolio focused on single-tenant industrial and warehouse assets. Comparable to Prologis in asset type and leasing model, though more mid-box and less infill/last-mile skewed.
• EastGroup Properties: US-focused industrial REIT concentrated in Sunbelt infill distribution facilities. Closely comparable to Prologis's Last Touch and infill e-commerce strategy, with overlapping customer base in 3PL and last-mile tenants.
• SEGRO plc: UK-listed logistics and warehouse REIT operating across the UK and Continental Europe. SEGRO is the most direct large-cap peer to Prologis in Europe and was the explicit target of Prologis's June 2026 £12.6B takeover approach, underscoring close comparability in business model and customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/PrologisInc
• LinkedInlinkedin.com/company/prologis
• Xx.com/prologis
• Facebookfacebook.com/Prologis

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries3 records

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A6 records

Investments8 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Prologis