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Jan 21, 2026 12:00 PM

Prologis Signs Record Leases In 2025, Expands Power For Data Centers

Prologis Inc. (NYSE:PLD) stock rose Wednesday after the industrial real estate giant reported its fourth-quarter fiscal 2025 earnings.

Revenue and Earnings Performance

Rental and other revenue came in at $2.10 billion, falling short of the analyst consensus estimate of $2.148 billion. Total expenses for the quarter rose to $1.40 billion from $1.29 billion in the same period last year.

Operating income increased to $1.63 billion, up from $1.42 billion a year earlier. Core funds from operations (FFO) declined to $1.44 from $1.50 in the prior-year quarter, in line with analyst expectations. Earnings per share improved to $1.49, compared with $1.37 a year ...