Prologis, Inc.

Company facts

Industry

Real Estate Investment Trusts

Headquarters

San Francisco, California

Most recent report

8-K, filed Aug 6, 2026

Incorporated

Maryland

Filings on record

1,002+ filings

On EDGAR

CIK 1045609

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 4 of 13 sections worth reading, with 5 positive, 10 notable, and 0 negative flags.

• Financial Statements (Item 1) Full financial statements: core numbers for the period.
  Notable

  • Acquired partner's interest in an Asia venture, consolidating 74 properties (23M sq ft) in April 2026.
• Management's Discussion (Item 2) MD&A with operating results, segment NOI, liquidity, and FFO for H1 2026.
  Positive

  • Rent change on rollover was 36.9% in Q2 2026, up from 31.9% in Q1, reflecting strong leasing.
  • Total available liquidity of $7.6 billion at June 30, 2026, up from $6.7 billion at March 31.
  • Occupancy in operating portfolio at 95.4% at June 30, 2026, with strong demand.
  • Realized net gains on real estate transactions of $676 million in H1 2026, up from $122M in H1 2025.
  • Development starts of $3.0B TEI in H1 2026, including $2.1B of data center developments.
  Notable

  • Formed four new co-investment ventures in 2026, including a stabilized vehicle in Europe.
  • Issued $2.2B of senior notes with weighted average interest rate of 4.3% and maturity of 8 years.
• Market Risk (Item 3) Contains specific FX exposure, hedge notional, debt composition, and interest rate sensitivity for Q2 2026.
  Notable

  • 8.7% of revenue in foreign currencies; $410 million for six months ended June 30, 2026.
  • $1.4 billion notional in undesignated FX forwards, down from $1.6 billion in Q1 2026.
  • A 10% USD weakening could force a $143 million cash payment on hedge settlement.
  • Fixed-rate debt is $35.7 billion; variable-rate debt is $1.3 billion at June 30, 2026.
  • Weighted average variable rate is 2.9%; a 10% rate increase costs $4 million annually.
• Other Information (Item 5) Contains CEO 10b5-1 termination and SEGRO acquisition proposal.
  Notable

  • CEO Daniel Letter terminated his 10b5-1 plan for up to 60,000 shares, previously adopted Dec 30, 2025.
  • Prologis proposed to acquire SEGRO; SEGRO board indicated willingness to recommend; deadline extended to Aug 12, 2026.

What changed: Jun 2026 vs. Mar 2026

About 10% of PLD's Jun 2026 10-Q is new information. 52 paragraphs were added, 179 changed, and 22 removed. Below are the most important lines SECSift identified.

• Item 2 93
• Item 1 65
• Item 6 12
• Item 3 5
• Item 4 4
• Item 5 3
• Item 1A 1