Prologis Company Research Report

Company Overview

• Name: Prologis, Inc.

• Mission of the Company: The mission is to be the leading global real estate company and logistics solutions provider, measured by customer service, employee engagement, financial performance, and balance sheet strength.

• Founded: The company was initially established as AMB Property Corporation in 1983 by Douglas Abbey, Hamid Moghadam, and T. Robert Burke.

• Key People:

• Hamid R. Moghadam, Co-Founder, Chairman, and CEO

• Dan Letter, President

• Carter Andrus, Chief Operating Officer

• Tim Arndt, Chief Financial Officer

• Headquarters: Pier 1, Bay 1, San Francisco, CA 94111, United States

• Number of Employees: No specific number is provided, but 1.1 million people work in Prologis-managed facilities daily.

• Revenue of the Company: No specific annual revenue figure provided, but documented as $6.2 billion in annual net operating income.

• Company Recognition: Known as a global leader in logistics real estate, with 40 years of expertise; their portfolio supports 3% of the global GDP.

Products

• Real Estate Solutions:

• Provides logistics real estate solutions, including warehouse and distribution facilities globally. They own and manage approximately 1.3 billion square feet across 20 countries.

• The Essentials Platform:

• Operational Efficiency Solutions: Designed to unlock the potential of warehouses with integrated, turnkey solutions that maximize efficiency and productivity.

• Energy + Sustainability Solutions: Focus on improving energy efficiency and delivering carbon-neutral facilities.

• Mobility Solutions: Supports transition to zero-emission vehicles with no upfront costs, regardless of location.

• Workforce Solutions: Facilitates training and upskilling of logistics workforce via dedicated training programs.

Recent Developments

• Leadership Transition Announced (February 2025): Hamid Moghadam plans to retire as CEO and will continue as Executive Chairman. Dan Letter will become CEO in January 2026.

• Strategic Partnerships and Ventures:

• Prologis Ventures is involved in cutting-edge advancements such as AI in real estate development through TestFit and supply chain technology solutions with Cargomatic and Altana.

• Sustainability Milestones:

• Prologis announced reaching a 500-megawatt solar milestone, a significant step toward their one gigawatt goal.

• New Acquisitions and Expansions:

• Recent years saw acquisitions of Duke Realty and Liberty Property Trust, solidifying their logistics real estate market share.

• Financial Developments:

• Board approved a 5% increase in quarterly common stock dividends as of February 2025.

• Corporate Responsibility:

• Announced first logistics REIT with a science-based carbon-emissions target and aims to reach net zero by 2040.

Company Performance Metrics

• Assets Under Management: $198 billion as of December 31, 2024.

• Square Feet Managed: 1.3 billion square feet.

• Buildings: 5,866.

• Customers: 6,500 diverse businesses across 20 countries.

Conclusion

Prologis continues to influence the global logistics landscape through vast real estate holdings, strategic sustainability goals, and dynamic leadership shifts. They have consistently demonstrated growth and innovation across their industry sectors, leveraging their substantial asset and customer base to shape the future of logistics and supply chain optimization.