Prologis delivered a resilient Q1 2026 performance, driven by robust leasing, strategic capital deployment, and expanding data center and energy platforms, amid geopolitical uncertainties. The company raised its full-year outlook, reflecting confidence in underlying demand and operational strength.

• Achieved record leasing with 64 million sq ft signed, maintaining occupancy at 95.3% and raising full-year rent change guidance to nearly 40%.
• Modules of development, including $2.1 billion in starts (75% speculative logistics, $1.3 billion in data centers), highlight confidence in market fundamentals.
• Data center pipeline exceeds 5.6 GW of secured/advanced energy projects, with potential to generate over $15 billion in investment value.
• Capital recycling includes $1.2 billion asset sales and joint ventures with GIC and La Caisse, demonstrating strong investor demand.
• EBIT metrics showcase solid NOI growth (6.1% on net basis), with improving lease mark-to-market at 17%, signaling stabilization in rent pricing.