Prologis

Prologis stands as the undisputed global leader in logistics real estate, operating over 1.3 billion square feet across 6,000+ buildings in 20 countries throughout North America, Latin America, Europe, and Asia. Founded in 1983 by Hamid Moghadam and Doug Abbey as AMB Property Corporation, Prologis has grown through strategic acquisitions and visionary leadership to become the world's largest industrial REIT with approximately $130+ billion in assets under management as of 2024. The company's journey includes pivotal mergers with ProLogis Trust in 2011 (creating a $46 billion entity), DCT Industrial Trust ($8.5B, 2018), Liberty Property Trust ($13B, 2020), and Duke Realty ($23B, 2022)—the largest U.S. commercial real estate transaction since COVID-19.

Prologis serves approximately 6,700 customers including e-commerce giants, third-party logistics providers, and manufacturers who depend on strategically located, technology-enabled warehouses to power modern supply chains. In 2024, the company reported Core FFO of $5.56 per share with total available liquidity of $7.4 billion, maintaining investment-grade credit ratings and a conservative debt-to-EBITDA ratio of 4.6x. Under CEO Hamid Moghadam's four-decade leadership (transitioning to Executive Chairman in 2026 with Dan Letter assuming CEO), Prologis has pioneered innovations in sustainable logistics real estate, achieving validation for net-zero emissions by 2040 from the Science-Based Targets initiative.

Beyond traditional real estate, Prologis is transforming into a comprehensive logistics solutions provider through its Essentials platform, offering customers solar power installations, EV charging infrastructure, workforce training programs, racking systems, and warehouse automation technologies. The company's recent foray into data center conversions—transforming logistics facilities into 32+ megawatt turnkey data centers—demonstrates its ability to unlock higher-value uses across its massive portfolio. With 95%+ occupancy rates sustained through market cycles, strategic land banks of 12,400+ acres, and privileged access to gateway logistics markets, Prologis is positioned to capitalize on secular growth in e-commerce, supply chain reshoring, and the increasing importance of last-mile distribution infrastructure.