Every material Form 8-K Prologis has filed with the SEC since April 16, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Prologis entered into a new Equity Distribution Agreement on October 30, 2026, allowing it to sell up to $5 billion of common stock through an at-the-market offering. The agreement replaces its existing at-the-market program dated May 5, 2020, and the shares will be sold under an effective shelf registration statement. The filing does not state any shares sold so far, and it creates a mechanism that could dilute existing shareholders depending on how much stock is issued.
Maximum aggregate offering price of up to $5,000,000,000 of common stock, par value $0.01 per share
Agreement dated October 30, 2026, with Prologis, L.P. as co-party and a group of sales agents and forward purchasers
Replaces the equity distribution agreement dated May 5, 2020
Shares sold under shelf registration Form S-3 (No. 333-289636), effective August 15, 2025
Prologis reported third quarter 2026 results on October 15, 2026, with higher revenue, net earnings and Core FFO than a year earlier. The company also gave 2026 guidance of $6.25 to $6.29 per share for Core FFO, but the filing does not say whether that guidance changed from earlier levels.
Total revenues were $2.39 billion for the quarter ended September 30, 2026, up from $2.21 billion a year earlier.
Net earnings attributable to common stockholders were $816 million, or $0.86 per diluted share, compared with $763 million, or $0.82, in Q3 2025.
2026 guidance: Core FFO attributable to common stockholders/unitholders of $6.25 to $6.29 per share; net earnings of $4.05 to $4.15 per share.
On August 4, 2026, Prologis agreed to acquire SEGRO plc through a recommended offer implemented as a UK court-sanctioned scheme of arrangement. SEGRO shareholders would receive 0.0920 Prologis common shares per SEGRO share, with an option to take part of the consideration in cash, and the deal values SEGRO at about £14.0 billion. For Prologis shareholders, the issuance would dilute existing holders: SEGRO shareholders would hold about 8.9% of the combined group if the cash alternative is fully taken up, or about 11.5% if no cash elections are made.
Terms: 0.0920 New Prologis Shares per SEGRO ordinary share; partial cash alternative capped at about £3.5 billion, with a basic entitlement of 258 pence cash plus 0.0690 shares
Ownership: SEGRO holders would own about 8.9% of the combined group if cash is fully taken up, or about 11.5% with no cash elections
Financing: Term Loan Credit Agreement of up to £3,575,000,000 with JPMorgan Chase Bank, N.A. as administrative agent, maturing one year after initial borrowing with two one-year extension options
Timing: completion expected in the first half of 2027, subject to shareholder, court, antitrust and exchange listing conditions
Prologis reported second quarter 2026 results, with net earnings attributable to common stockholders of $1.13 per diluted share, up from $0.61 a year earlier, and core FFO of $1.63 per share, up from $1.46. Total revenues rose to $2.43 billion from $2.18 billion, and the company kept its 2026 guidance range for core FFO of $6.22 to $6.30 per share in the supplemental materials.
Q2 2026 net earnings attributable to common stockholders: $1.06 billion, or $1.13 per diluted share, versus $570 million, or $0.61, in Q2 2025
Q2 2026 core FFO attributable to common stockholders/unitholders: $1.63 per diluted share, versus $1.46 in Q2 2025
Q2 2026 total revenues: $2.43 billion, versus $2.18 billion in Q2 2025
2026 guidance: core FFO of $6.22 to $6.30 per share; net earnings of $4.40 to $4.55 per share
Prologis, Inc. appointed Alfred F. Kelly, Jr. as a director on June 29, 2026, and announced it in a July 1, 2026 press release. The board determined Kelly is independent under NYSE and SEC rules, and he will join the Board Governance and Nomination Committee. The filing does not describe any financial results or changes to company operations.
Kelly was appointed to the board on June 29, 2026 and will join the Board Governance and Nomination Committee.
Kelly was chief executive officer of Visa Inc. from 2016 to 2023 and chairman of Visa's board from 2019.
He will receive compensation under Prologis' non-employee director program, as described in its 2026 proxy statement filed March 19, 2026.
CEO Dan Letter said Kelly's experience in technology, risk and global markets will be a valuable addition to the board.
Prologis reported first quarter 2026 results on April 16, 2026. Net earnings attributable to common stockholders were $980 million, or $1.05 per diluted share, up from $592 million, or $0.63 per share, a year earlier, and total revenues rose to $2.30 billion from $2.14 billion. Core FFO per diluted share was $1.50, compared with $1.42 in the first quarter of 2025, and the company reaffirmed 2026 guidance of $6.07 to $6.23 per share for Core FFO.
Net earnings attributable to common stockholders: $980 million ($1.05 per diluted share) versus $592 million ($0.63) in Q1 2025.
Core FFO attributable to common stockholders/unitholders: $1.50 per diluted share versus $1.42; realized development gains, net of taxes, were $0.30 per share versus $0.03.
2026 guidance: Core FFO of $6.07 to $6.23 per share and net earnings of $3.80 to $4.05 per share.
On March 26, 2026, Prologis, L.P., the operating partnership, signed an amended and restated global senior credit agreement with Bank of America as administrative agent. It allows the borrowers to draw loans and letters of credit on a revolving basis of up to about $3.0 billion, with an accordion feature for up to $1.0 billion more, and it replaces the 2025 facility. Prologis, Inc. is not required to guarantee the borrowers' obligations unless it takes on certain new or guaranteed debt.
Facility size of about $3.0 billion, with a U.S. Dollar tranche of $2.0 billion and a Euro tranche of €864,229,539.33
Scheduled maturity of June 28, 2030, extendable on two occasions to December 31, 2030 and June 30, 2031
Pricing spread of 65 basis points as of the closing date, varying with the operating partnership's public debt ratings
Concurrent First Amendment conforms the May 22, 2025 facility to the new terms
Prologis reported fourth quarter 2025 results on January 21, 2026, with net earnings attributable to common stockholders of $1.4 billion ($1.49 per diluted share), up from $1.37 a year earlier, and total revenues of $2.25 billion, up from $2.20 billion. Core FFO per share fell to $1.44 from $1.50, and the company issued 2026 guidance of $6.00 to $6.20 per share for Core FFO.
Q4 2025 net earnings attributable to common stockholders: $1.4 billion, or $1.49 per diluted share, versus $1.37 in Q4 2024
Q4 2025 total revenues: $2.25 billion, versus $2.20 billion in Q4 2024
Q4 2025 Core FFO per diluted share: $1.44, versus $1.50 in Q4 2024; full-year 2025 Core FFO per share was $5.81
2026 guidance: Core FFO per share of $6.00 to $6.20 and net earnings per share of $3.70 to $4.00
On December 3, 2025, Prologis's Compensation Committee approved a new form of performance stock unit agreement that accrues dividend equivalents on target awards and pays them in cash only to the extent the awards are earned. The committee also approved an amendment to retirement eligibility waiver agreements for executives Daniel S. Letter, Timothy D. Arndt and Carter H. Andrus, so that equity awards granted on or after January 1, 2026 are not subject to the waiver. The filing describes compensation terms only and gives no dollar amounts.
Committee approved the Updated PSU Agreement on December 3, 2025 under the 2020 Long-Term Incentive Plan
Dividend equivalents accrue during the performance period and are settled in cash only if the target PSUs are earned
Retirement Eligibility Waiver Amendment applies to Daniel S. Letter, Timothy D. Arndt and Carter H. Andrus for awards granted on or after January 1, 2026
Prologis, Inc. announced that Damon Austin will become Chief Development Officer effective January 1, 2026. Austin, age 47, has been Managing Director and Global Head of Customer Led Development since January 1, 2023, and has been with the company since 2015.
Damon Austin named Chief Development Officer, effective January 1, 2026
Austin, age 47, currently serves as Managing Director, Global Head of Customer Led Development
Austin joined Prologis in 2015 and previously led Customer Led Development of the Americas (2021 to 2023) and Capital Deployment West Region (2018 to 2021)
Prologis reported third quarter 2025 results on October 15, 2025, in a press release and supplemental information furnished under Items 2.02 and 7.01. Total revenues rose to $2.21 billion from $2.04 billion a year earlier, and Core FFO increased to $1.43 billion, but net earnings attributable to common stockholders fell to $763 million from $1.00 billion. The filing gives 2025 guidance of $5.78 to $5.81 per share for Core FFO, but does not state whether that guidance changed.
Total revenues were $2.21 billion for the quarter ended September 30, 2025, versus $2.04 billion a year earlier.
Net earnings attributable to common stockholders were $763 million, or $0.82 per diluted share, versus $1.08 per share a year earlier.
Core FFO attributable to common stockholders/unitholders was $1.43 billion, or $1.49 per diluted share, versus $1.43 per share a year earlier.
2025 guidance: Core FFO of $5.78 to $5.81 per share and net earnings of $3.40 to $3.50 per share.
Prologis said Chief Accounting Officer Lori Palazzolo will retire effective April 1, 2026, and then serve as a senior advisor. Trisha Burns, currently Senior Vice President, Global Accounting and Financial Reporting, will become Chief Accounting Officer on the same date. The change is a planned succession in a finance role and does not involve a change in financial results or guidance.
Lori Palazzolo retires as Chief Accounting Officer effective April 1, 2026, then serves as senior advisor
Trisha Burns, age 44, becomes Chief Accounting Officer effective April 1, 2026
Burns has served as SVP, Global Accounting and Financial Reporting since January 1, 2025, and joined the company in 2010
Prologis reported second quarter 2025 results, with total revenues of $2.18 billion, up from $2.01 billion a year earlier. Net earnings attributable to common stockholders fell to $570 million, or $0.61 per diluted share, from $860 million, or $0.92, while Core FFO per diluted share rose to $1.46 from $1.34. The company also reiterated 2025 guidance of $5.75 to $5.80 per share for Core FFO and $3.00 to $3.15 per share for net earnings.
Total revenues were $2.18 billion for the three months ended June 30, 2025, compared with $2.01 billion a year earlier.
Net earnings attributable to common stockholders were $570 million, or $0.61 per diluted share, compared with $860 million, or $0.92, in the second quarter of 2024.
Core FFO attributable to common stockholders/unitholders was $1.46 per diluted share, compared with $1.34 a year earlier.
2025 guidance: Core FFO of $5.75 to $5.80 per share and net earnings of $3.00 to $3.15 per share; the filing does not compare this guidance with prior guidance.
Prologis said its Chief Investment Officer, Joseph Ghazal, will step away from his role as an executive officer effective July 1, 2025. He will remain with the company until July 10, 2026 to support a smooth transition.
Joseph Ghazal, Chief Investment Officer, will leave his executive officer role effective July 1, 2025.
Ghazal will stay with Prologis until July 10, 2026 to support the transition.
The filing was announced June 17, 2025, and does not name a successor.
Prologis's operating partnership and affiliates signed an amended and restated global senior credit agreement on May 22, 2025, allowing revolving borrowings and letters of credit of up to about $3 billion, with an option to add $1 billion more. The facility matures June 29, 2029, with possible extensions, and the filing says Prologis, Inc. is not required to guarantee the borrowers' obligations unless its own debt or guarantees change. The filing reports no earnings or guidance, so it is a routine refinancing of existing credit lines.
Facility size: about $3 billion, with two tranches: $2 billion U.S. Dollar and €895.7 million Euro
Maturity: June 29, 2029, extendable by six months twice, to December 28, 2029 and June 28, 2030
Pricing spread over benchmark rate was 69 basis points at closing; a Second Amendment conforms the 2023 facility to the new terms
Prologis reported first quarter 2025 results on April 16, 2025. Total revenues rose to $2.14 billion from $1.96 billion, and Core FFO attributable to common stockholders rose to $1.42 per diluted share from $1.28, while net earnings per diluted share held at $0.63. The company also issued 2025 guidance of $5.65 to $5.81 per share for Core FFO.
Total revenues were $2.14 billion for the quarter ended March 31, 2025, compared with $1.96 billion a year earlier.
Net earnings attributable to common stockholders were $592 million, compared with $584 million, and diluted EPS was $0.63 in both periods.
Core FFO per diluted share was $1.42, compared with $1.28 a year earlier.
2025 guidance: Core FFO of $5.65 to $5.81 per share and net earnings of $3.45 to $3.70 per share. The filing does not state prior guidance for comparison.
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