Prologis, Inc. operates as a global logistics real estate REIT with industrial and distribution facilities, build-to-suit development activity, and a Strategic Capital asset management business for institutional partners. Company news commonly covers leasing trends, Core FFO and earnings results, development starts, customer demand across logistics markets, and expansion of adjacent infrastructure such as data center, solar and energy storage portfolios.
Recurring updates also include dividends on common stock and Series Q preferred stock, Strategic Capital joint ventures, capital allocation commentary, management presentations, and market outlook commentary tied to logistics real estate and supply-chain infrastructure.
Gaming and Leisure Properties (GLPI) reported third-quarter revenue of $435.4 million, while net income declined from the prior-year quarter. Revenue rose 9.5% year over year, but net income fell to $213.8 million from $248.5 million; diluted earnings per share fell to $0.71 from $0.85. Adjusted funds from operations (AFFO), an adjusted earnings measure, increased 10.5% to $311.7 million, or $1.04 per diluted share and OP/LTIP units.
The company raised the bottom of its 2026 AFFO guidance to $1.222 billion–$1.225 billion, or $4.11–$4.12 per diluted share and OP/LTIP units. It also signed a development joint venture with Prologis for the former Hollywood Casino Joliet site. GLPI would receive a $61 million land contribution credit if all three phases proceed. The project requires City of Joliet approval, and Prologis holds options on the second and third phases.
Gaming and Leisure Properties (GLPI) signed definitive agreements to form a joint venture with Prologis to redevelop its former Hollywood Casino Joliet site.
GLPI will contribute the 262-acre parcel in Joliet, Illinois, in three phases. Prologis will be the managing member and developer. Subject to City of Joliet review and approval, Prologis intends to build a warehouse and distribution park currently anticipated to comprise five buildings totaling more than 3.8 million square feet when completed.
Development is expected over approximately five years in three phases, with Prologis holding options over development of phases two and three. This is GLPI’s first joint venture and first investment outside gaming. The redevelopment would put the site to industrial use after Penn Entertainment vacated it in September 2025 following the opening of the new Hollywood Joliet property.
Prologis (PLD) released its 2027 Global Supply Chain Outlook, examining how delivery expectations, energy access and AI are reshaping logistics networks. Conducted with The Harris Poll, the third annual study surveyed more than 1,800 business leaders across six countries.
The share of organizations offering same-day or next-day delivery rose from 24% in 2019 to 58%. Power reliability ranked first among logistics location factors, while two-thirds of leaders said energy costs had significantly affected operating costs. 75% planned significant investment in AI demand forecasting and inventory replenishment over the next two years. More than half of organizations redesigned routes and network flows in the past year.
Prologis (NYSE: PLD) reported third-quarter 2026 diluted net earnings of $0.86 per share, higher than a year earlier. Revenue was $2,388 million versus $2,214 million, and Core FFO, a non-GAAP operating earnings measure, rose to $1.60 per diluted share from $1.49. Average occupancy was 95.1%, while cash same-store net operating income grew 5.9%.
Prologis lowered its 2026 net earnings outlook to $4.05–$4.15 per diluted share from $4.40–$4.55 and narrowed Core FFO guidance to $6.25–$6.29 from $6.22–$6.30. It raised same-store income growth forecasts but lowered occupancy and strategic capital revenue forecasts. Quarterly acquisitions totaled $702 million and development starts $964 million, at Prologis' share. Available liquidity was approximately $8.8 billion. SEGRO shareholder approval was achieved; the transaction remains to be completed.
Prologis (PLD) will participate in the BofA Securities 2026 Global Real Estate Conference, where chief financial officer Timothy D. Arndt will present on Tuesday, September 15, at 11:05 a.m. ET.
The presentation will be available via live audio webcast with a replay on the company’s investor relations website.
Prologis (PLD) will host a webcast and conference call with senior management to discuss its third quarter 2026 results, market conditions and outlook on Thursday, October 15, 2026, at 9:00 a.m. PT / 12:00 p.m. ET.
Investors can join the live call by dialing the disclosed toll-free and international numbers or access a live webcast via the Investor Relations section of the company’s website. A telephonic replay will be available from October 15 to October 29, and a webcast replay will be posted under “Events & Presentations” on the Investor Relations page.
Prologis (PLD) declared a regular quarterly cash dividend for the quarter ending September 30, 2026.
The common stock dividend is $1.07 per share, payable on September 30, 2026, to shareholders of record as of September 16, 2026. The company also declared a $1.0675 per share dividend on its 8.54% Series Q Cumulative Redeemable Preferred Stock, with the same record and payment dates.
Prologis (NYSE: PLD) priced an underwritten public offering of 15,000,000 common shares, expected to generate approximately $2.1 billion in gross proceeds before expenses. The offering is expected to close on August 5, 2026, subject to customary closing conditions, with J.P. Morgan and BofA Securities as underwriters.
Prologis granted the underwriters a 30-day option to purchase up to an additional 2,250,000 shares to cover overallotments. According to Prologis, net proceeds will be contributed to its operating partnership for general corporate purposes, including potential acquisitions such as SEGRO plc, although completion of any SEGRO combination is not assured.
Prologis (NYSE: PLD) has commenced an underwritten public offering of 15,000,000 shares of its common stock, with J.P. Morgan and BofA Securities acting as underwriters. Prologis expects to grant the underwriters a 30‑day option to purchase up to 2,250,000 additional shares solely to cover overallotments.
According to Prologis, net proceeds will be contributed to its operating partnership for general corporate purposes, which may include funding potential acquisitions such as a proposed combination with SEGRO plc. The company cautions there is no assurance the SEGRO transaction will be completed on the proposed terms, timeline, or at all.
Prologis (NYSE:PLD) has agreed a recommended all‑share offer with a partial cash alternative to acquire the entire issued and to be issued share capital of SEGRO via a UK scheme of arrangement. SEGRO shareholders will receive 0.0920 new Prologis shares per SEGRO share, with an optional Partial Cash Alternative of up to £3.51 billion (about 25% of total value) at a fixed 1,031.7 pence per SEGRO share, subject to pro rata scaling if oversubscribed.
Assuming full take‑up of the Partial Cash Alternative, the deal values SEGRO’s equity at approximately £14.0 billion, or £14.3 billion including a potential 2026 final dividend, and represents premiums of 39–49.8% to pre‑offer SEGRO trading prices and 14.4–16.9% to EPRA NTA. SEGRO shareholders can retain up to four “permitted dividends” for 2026–2027 without adjustment to the offer. Post‑completion, and assuming full cash alternative take‑up, SEGRO investors would hold about 8.9% of the combined group.
The combination would create a logistics REIT platform with around £200 billion of AUM and a European operating portfolio of about 368 million square feet. Prologis expects significant cost and operational efficiencies and says the transaction should be broadly neutral to minimally dilutive to Core FFO and AFFO per share in the first full year, assuming run‑rate synergies. SEGRO’s board, advised by multiple banks, intends unanimously to recommend the deal, which remains subject to shareholder, court, antitrust and listing approvals and is targeted to complete in H1 2027.