Prologis is the world's largest landlord of warehouses and distribution centers, renting modern logistics space to companies like Amazon and FedEx across 19 countries. Think of it as the ultimate real estate play on online shopping and global supply chains.
Prologis earns rent from roughly 5,500 tenants, with annual revenue of USD 8.79B and a net margin of 38.80% in 2025. The business generates steady, recurring income from long-term leases, though gross margins dipped to 59.60% that year from 74.92% in 2024.
Prologis dominates prime logistics locations near major ports and highways, making it hard for competitors like Duke Realty or Rexford Industrial to replicate its scale. However, rising interest rates and e-commerce slowdowns are weakening demand, eroding pric
Hold (sector percentile 32) — value C, growth A-, profitability C+, momentum B-, revisions C-. Updated daily, sector-relative, identical for every user.
Key events, in time order
Company launched and priced 15M share offering, proceeds for Segro acquisition etc.
Prologis and Segro reach agreement on acquisition valued at $18.8-19.2 billion, updating previous rejected bid.
AlTi cut 8.7%, Andra AP raised 196.2%, Assetmark increased 30.8%, showing divergence.
Record leasing, deep land bank, and faster data center investment lead to raised FY2026 outlook
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