Firm Intelligence·reit

Prologis

AUM$215B

Executives4

Quotes8

ActivityMar 4 – Apr 9

Investment Philosophy

Despite a 15% rise in capex due to supply chain issues, we achieved a 97.1% occupancy rate and an 8.2% increase in rental rates year-over-year. We are seeing strong industrial fundamentals and targeted cap rates of 4.5-5% for new acquisitions driven by e-commerce demand. Build-to-suit activity continues to be one of the clearest signals of customer conviction across our business.

Strategic Direction

Prologis is actively pursuing acquisitions in key industrial markets like Phoenix, Dallas-Fort Worth, and Atlanta at cap rates of 4.2-5.1%, indicating confidence in value appreciation.

The firm is expanding through development joint ventures, such as with GIC, to leverage platform expertise for long-term growth.

While selling assets in Mexico at higher cap rates, the focus remains on build-to-suit projects signaling strong customer demand.

Sector Positioning

Industrial

bullish

Strong fundamentals driven by e-commerce demand, high occupancy, rental growth, and build-to-suit conviction (quotes 1,2,5,6)

Key Executives

Hamid Moghadam

Chairman & CEO

Chairman of the world's largest industrial REIT with 1.2B+ SF of logistics properties globally. Bellwether voice on e-commerce, supply chain, and industrial demand.

Tom Olinger

CEO

Succeeded Hamid Moghadam. Leads largest industrial REIT globally with 1.2B SF.

Dan Letter

CEO

Prologis Executive

Prologis

Recent Deals

$175MIndustrialbuyer

Sunset Logistics Park · Phoenix

5.1% cap

$175MIndustrialbuyer

Logistics Park Atlanta · Atlanta

5.1% cap

$112MIndustrialbuyer

Logistics Hub Dallas · Dallas-Fort Worth

4.2% cap

$104MIndustrialbuyer

Cotton 303 Logistics Center · Phoenix

5.1% cap

$19.8MIndustrialseller

Industrial — Juarez, Mexico · International

6.52% capDec 2025

$7.8MIndustrialbuyer

Trenton Industrial Park · Cincinnati-Dayton

4.2% capOct 2025

Notable Quotes

Hamid Moghadam

Prologis

“Despite a 15% rise in capex due to supply chain issues, we achieved a 97.1% occupancy rate and an 8.2% increase in rental rates year-over-year.”

occupancy raterental ratescapex

Tier 1

Hamid Moghadam

Prologis

“We are seeing strong industrial fundamentals and targeted cap rates of 4.5-5% for new acquisitions driven by e-commerce demand.”

Industrial

Tier 1

Hamid Moghadam

Prologis

“We have seen a concerning rise in industrial lease defaults in secondary markets.”

Industrial

Dan Letter

Prologis

“This joint venture with GIC builds on that momentum by pairing our platform and development expertise with a partner that shares our long-term perspective.”

Development

Tier 2

Key Themes

High Occupancy Rates
Rental Rate Increases
Industrial Cap Rates
Development Partnerships
Build-to-Suit Activity

Topics Discussed

Industrial(4)occupancy raterental ratescapexDevelopment

Deal Network

Network building — connections appear as more deals are tracked

Sentiment Trajectory

Mar 15

Mar 22

Bullish Bearish Cautious Neutral

Activity Snapshots

Mar 1

deals

Apr 1

deals

End of Firm Intelligence · 8 Quotes · 4 Executives