Prologis

Prologis, Inc.
Company typePublic
IndustryReal estate
PredecessorAMB Property Corporation
Founded1983; 41 years ago (1983)
Founders
HeadquartersPier 1,
San Francisco, California
,
United States
Area served
Key people
ProductsIndustrial real estate
RevenueIncrease US$8.02 billion (2023)[2]
Increase US$3.7 billion (2023)[2]
Decrease US$3.05 billion (2023)[2]
AUMDecrease $218.8 billion (2023)[3]
Total assetsIncrease US$93.02 billion (2023)[2]
Total equityDecrease US$57.82 billion (2023)[2]
Number of employees
2,574 (2023)[2]
Websiteprologis.com
Footnotes / references
[4][2][5]

Prologis, Inc. is a real estate investment trust headquartered in San Francisco, California that invests in logistics facilities.[5] The company was formed through the merger of AMB Property Corporation and Prologis in June 2011, which made Prologis the largest industrial real estate company in the world.[6][7] As of December 2022, the company owned 5,495 buildings comprising about 1.2 billion square feet[8] in 19 countries across North America, Latin America, Europe, and Asia.[9] According to The Economist, its business strategy is focused on warehouses that are located close to huge urban areas where land is scarce.[10] It serves about 6,600 tenants.[8] Prologis began to expand its non-real estate business, Essentials, in 2022, offering customers solar power, racking systems, forklifts, generators,[11] EV charging infrastructure,[12] and other logistics tech equipment for purchase.

  1. ^ a b c d "Prologis Inc". The Wall Street Journal. Retrieved February 6, 2023.
  2. ^ a b c d e f g "Prologis Financials 2023". macrotrends.net. May 16, 2024.
  3. ^ "PROLOGIS 2023 ANNUAL REPORT". prologis.com. Retrieved May 16, 2024.
  4. ^ "Prologis, Inc. 2022 Proxy Statement (Form DEF 14A)". SEC.gov. U.S. Securities and Exchange Commission. 25 March 2022.
  5. ^ a b "Prologis, Inc. 2021 Form 10-K Annual Report". SEC.gov. U.S. Securities and Exchange Commission. 9 February 2022.
  6. ^ Morris, Keiko (May 30, 2017). "Industrial Park's Owner Bringing in Restaurants, Retail as Amenities for Workers". The Wall Street Journal.[1]
  7. ^ Whelan, Robbie (April 19, 2016). "Prologis Warehouse Rents Jump as Space Remains Tight". The Wall Street Journal.
  8. ^ a b "Prologis, Inc. REIT Profile"; REIT Notes; accessed February 6, 2022.
  9. ^ "Think Prologis Can't Get Any Bigger? Think Again". nasdaq.com. April 22, 2022. Retrieved October 27, 2022.
  10. ^ Ryder, Brett (30 May 2020), "The e-commerce boom makes warehouses hot property", The Economist, retrieved 14 August 2020
  11. ^ "Warehouse Giant Prologis to Offer More Peripheral Services, CFO Says" by Kristin Broughton; Wall Street Journal; January 26, 2022. Accessed October 27, 2022
  12. ^ Why Warehouse Giant Prologis Is Betting Big on Electric Vehicle Infrastructure by Rey Mashayekhi. Commercial Observer. November 18, 2022.