Prologis, Inc.

Pier 1, Bay 1, San Francisco, CA 94111, United States.

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About Prologis, Inc.

Summary

Prologis, Inc. is a global real estate investment trust (REIT) based in San Francisco, California, specialising in logistics facilities. It was formed in June 2011 through the merger of AMB Property Corporation and ProLogis, making it the largest industrial real estate company worldwide. The company operates over 15,000 acres of land and more than 6,000 buildings, totalling approximately 1.3 billion square feet across 20 countries, including North America, Latin America, Europe, and Asia.

Founded in 1984, AMB Property Corporation was initially involved in industrial and retail property investments. In 1997, the company became public and shifted its focus entirely to industrial real estate. In 1991, ProLogis, originally named Security Capital Industrial Trust (SCI), was founded, later merging with AMB to form the present-day Prologis. The company began its international expansion in the early 2000s, with key investments in Asia, Europe, and Latin America.

Prologis’ business model is based on acquiring and developing distribution facilities close to urban areas with limited available land. The company serves around 6,600 tenants and began expanding beyond real estate with its “Essentials” division in 2018, offering logistics tech solutions such as solar power, forklifts, and EV charging infrastructure.

Prologis has received recognition for its sustainability efforts, including being ranked among the World’s Most Admired Companies by Fortune and being named one of the most sustainable companies globally. The company aims to achieve net-zero emissions by 2040 and continues to grow through strategic acquisitions, such as the 2022 purchase of Duke Realty for $23 billion. With over 25,000 individuals expected to be trained through its workforce initiative by 2025, Prologis maintains a focus on community development and innovation.

History

Prologis, Inc. was created in 2011 through the merger of two US-based real estate companies: AMB Property Corporation and ProLogis. AMB, originally established as Abbey, Moghadam and Company in 1983 by Hamid Moghadam and Doug Abbey, evolved into AMB Property Corporation in 1984, focusing on industrial and retail properties. The company expanded internationally and launched its first private equity fund in 1989. In 1997, AMB became a public company with more than $2.8 billion under management and made its first overseas investment in 2002, developing a facility for Procter & Gamble.

Meanwhile, ProLogis, formed in 1991 as Security Capital Industrial Trust (SCI) by William Sanders, became a public company in 1994. The company changed its name to ProLogis Trust in 1998, expanding internationally with acquisitions, such as Meridian Industrial Trust in the same year. ProLogis furthered its global reach by entering the Japanese and Chinese markets in the early 2000s and was added to the S&P 500 Index in 2003. In 2004, the company acquired Keystone Industrial Trust and expanded its reach further with joint ventures and acquisitions.

In 2005, ProLogis acquired Catellus Development Corporation for $3.6 billion. By 2006, ProLogis had become a Fortune 1000 company and continued to expand, despite the challenges of the financial crisis. In 2008, ProLogis faced financial difficulties, leading to leadership changes and strategic asset sales to improve its financial position.

The merger of AMB and ProLogis in 2011 created the world’s largest industrial real estate company, with an estimated market value of $24 billion. AMB CEO Hamid Moghadam became the sole CEO of Prologis in 2013. Since the merger, the company has made strategic acquisitions, including the purchase of DCT Industrial Trust in 2018 and Duke Realty in 2022. Prologis has expanded its sustainability efforts, including setting a goal to reach net-zero emissions by 2040.

Portfolio

Prologis, Inc. is a global leader in logistics real estate, owning and managing a vast portfolio of industrial properties across the world. As of 2025, the company operates approximately 1.3 billion square feet of space across 20 countries, with key markets in North America, Latin America, Europe, and Asia. In North America, Prologis holds around 800 million square feet of space, which represents 86% of its net operating income (NOI). Its European operations account for about 251 million square feet, contributing 8% to its NOI, while its presence in other regions, including Asia, represents a smaller portion of its overall portfolio.

The company serves approximately 6,600 tenants globally, with major companies such as Amazon, FedEx, and Home Depot relying on Prologis’ logistics facilities for their operations. Prologis has made significant investments in developing and acquiring properties close to major urban areas, where land is often scarce but demand for logistics facilities is high. This strategic focus on prime locations has been central to its success.

Prologis is also heavily involved in the development of new logistics facilities. As of mid-2025, the company has a development pipeline valued at $4.4 billion, with 81 properties under development. This includes approximately 32.2% of the space already leased. The company’s development projects are spread across various markets, including the U.S., Europe, and Asia. Additionally, Prologis manages a number of joint ventures and co-investment ventures, which represent a gross book value of $61.0 billion across 553 million square feet. Its share in these ventures is around 29.2%.

Acquisitions have played a significant role in Prologis’ expansion. In 2022, the company acquired Duke Realty for $23 billion, adding 162.7 million square feet to its portfolio. In 2023, it acquired a 14 million square foot industrial property portfolio from The Blackstone Group for $3.1 billion.

Sustainability is another key focus for Prologis. The company is committed to achieving net-zero emissions by 2040, with its sustainability efforts validated by the Science Based Targets initiative in 2022. Additionally, Prologis has made substantial investments in solar energy and aims to generate $1 billion in underlying profit through its solar business. The company’s environmental initiatives also include the construction of buildings with Zero Carbon Certification, such as its industrial building in Eindhoven, Netherlands, which was the first of its kind to receive this certification.

Leadership Team

Hamid R. Moghadam | Co-Founder, Chairman and CEO
Dan Letter | Global Head of Capital Deployment
Carter Andrus | Chief Operating Officer
Tim Arndt | Chief Financial Officer
Deborah Briones | Chief Legal Officer and General Counsel
Nathaalie Carey | Chief Human Resources Officer
Ted Eliopoulos | Managing Director, Strategic Capital
Susan Uthayakumar | Chief Energy and Sustainability Officer

References

Prologis: Logistics Real Estate & Supply Chain Logistics | Prologis
Prologis | Wikipedia
PROLOGIS | Prologis Freight
Prologis, Inc. (PLD) Stock Price, News, Quote & History | Yahoo Finance
Logistics Real Estate & Supply Chain Logistics | Prologis
Prologis Inc Company Profile | GlobalData
Prologis 2025 Company Profile: Stock Performance | PitchBook
Prologis Inc PLD:NYSE – Stock Price, Quote and News | CNBC
Prologis | Fortune
Prologis Inc. Stock Quote (U.S.: NYSE) – PLD | Market Watch
Prologis – Crunchbase Company Profile & Funding | Crunchbase
Prologis Inc – Company Profile and News | Bloomberg
Prologis | PLD Stock Price, Company Overview & News | Forbes
Prologis – Overview, News & Similar companies | ZoomInfo

Pier 1, Bay 1, San Francisco, CA 94111, United States.

Website https://www.prologis.com/

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Prologis, Inc.

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