Prologis, Inc.

Company facts

Industry

Real Estate Investment Trusts

Headquarters

San Francisco, California

Most recent report

8-K, filed Oct 30, 2026

Incorporated

Maryland

Filings on record

1,005+ filings

On EDGAR

CIK 1045609

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Sep 2026 10-Q

SECSift found 3 of 13 sections worth reading, with 1 positive, 19 notable, and 0 negative flags.

• Financial Statements (Item 1)

  SEGRO acquisition, $2.4B equity raise, $1.1B debt assumed, and segment results.
  Notable

  • Parent owned 98.03% of the OP at Sep 30, 2026; limited partners held 1.97%.
  • Prologis agreed to acquire SEGRO for stock and up to £3.5B cash, expected to close H1 2027.
  • Raised $2.4B in net proceeds from a common stock offering in August 2026, partly for the SEGRO deal.
  • Outstanding equity commitments to co-investment ventures were $884M at Sep 30, 2026.
  • Entered a £3.6B term loan facility for the SEGRO acquisition, available upon closing.
  • Assumed $1.1B in debt and liabilities from real estate acquisitions in the nine months ended Sep 30, 2026.

• Management's Discussion (Item 2)

  MD&A with major acquisition, segment results, and liquidity details.
  Positive

  • Rent change on rollover was 38.0% for Q3 2026, with lease mark-to-market still at 16%.
  Notable

  • Proposed acquisition of SEGRO for 0.0920 shares per SEGRO share, plus partial cash alternative up to £3.5 billion.
  • Gains on real estate transactions surged to $784M for nine months ended September 30, 2026, from $169M.
  • Promote revenue of $84M earned in 2026, mostly from Other Americas, vs $1M in 2025.
  • Development starts TEI rose to $3.9B (including $2.1B data centers) from $2.0B.
  • Total debt $36.8B with weighted average interest rate 3.2% and term 8 years.
  • Entered £3.6 billion ($4.7B) term loan for SEGRO acquisition, maturing one year after closing.
  • Issued $2.2B of senior notes with weighted average interest rate 4.3% and maturity 8 years.
  • Total available liquidity of $8.8B: $5.5B credit facilities, $2.3B cash, $1.0B short-term investments.
  • Dividend per common share increased to $1.07 per quarter in 2026 from $1.01 in 2025.

• Market Risk (Item 3)

  Quantified FX and interest rate exposures with specific dollar amounts and sensitivity analysis.
  Notable

  • $1.5B notional in FX contracts; 10% USD weakening triggers $148M cash payment.
  • $625M or 8.8% of total revenue denominated in foreign currencies for nine months ended Sept 30, 2026.
  • $35.9B fixed-rate debt (96% of total) limits interest rate risk; weighted avg rate 3.3%.
  • $1.5B variable-rate debt at Sept 30, 2026; 10% rate rise adds $5M annual interest expense.

What changed: Sep 2026 vs. Jun 2026

About 4% of PLD's Sep 2026 10-Q is new information. 23 paragraphs were added, 192 changed, and 24 removed. Below are the most important lines SECSift identified.

• Item 2 86
• Item 1 72
• Item 3 5
• Item 4 4
• Item 6 3
• Item 5 1
• Item 1A 1