Q3 FY26 · Ended Sep 30, 2026 · View SEC filing
Expiring leases reset far above their old rents
Rents signed years ago sit below today's market, so each expiring lease lifts revenue as it resets.
For investorsWhat the rent engine depends on from here
For foundersThe playbook behind building with partners' capital
Before property gains, operating income grew 4.95% against revenue growth of 7.8%, so costs outpaced the rent engine.
Prologis's share of co-investment venture earnings rose 67.4%, to almost the size of the Strategic Capital revenue it books.
The filing names its locations and land sites as its first advantage, across a 1.3 billion square foot portfolio.
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Business Lens describes Prologis from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
