Prologis Releases 2025 Fourth Quarter and Full Year Financial Results

Prologis, Inc. released its financial results for the fourth quarter and full year of 2025, showcasing another successful year for the company. With a focus on leasing, the company signed a record-breaking 228 million square feet of leases in 2025. CEO Daniel S. Letter highlighted the momentum this has provided for the business going into 2026, emphasizing the increased confidence customers are showing in their long-term commitments.

The company reported net earnings per diluted share of $1.49 for the quarter and $3.56 for the whole year, compared to $1.37 and $4.01 in the same periods in 2024. Core funds from operations (Core FFO) per diluted share stood at $1.44 for the quarter and $5.81 for the year, compared with $1.50 and $5.56 in 2024. Core FFO, excluding Net Promote Income (Expense), was $1.46 for the quarter and $5.86 for the year, showing growth and stability in the company’s financial performance.

Timothy D. Arndt, the company’s Chief Financial Officer, expressed satisfaction with the fourth quarter and full year results, touching on the expectations for growth in 2026 and beyond. He highlighted the company’s embedded growth, disciplined investment strategies, and global capital access as key components driving their confidence in future earnings growth.

Prologis performed well in its operating metrics, showcasing a strong average occupancy rate of 95.3% for owned and managed properties and 95.2% for Prologis share properties. The company commenced 43.8 million square feet of leases in the operating and development portfolios, achieving a retention rate of 77.7%, reflecting the company’s ability to retain customers and attract new ones.

In terms of deployment activities, Prologis expanded its data center power pipeline to 5.7 gigawatts of capacity secured or in advanced stages of procurement, surpassing its 1 gigawatt target for installed solar and battery storage. The company’s development projects and acquisitions also showed promising results, contributing to value creation and maintaining a solid financial standing.

Looking at the balance sheet strength and liquidity, Prologis closed $3.0 billion of debt during the quarter at a weighted average interest rate of 3.1%, reinforcing the company’s financial stability and access to capital. These financial results reflect Prologis’ commitment to growth, innovation, and sustainability in the real estate and logistics industry.