Private company

Prologis, L.P.

In its 2026 annual report the company says: “Prologis, Inc. is a self-administered and self-managed REIT and is the sole general partner of Prologis, L.P. through which it holds substantially all of its assets. We have a significant ownership interest in the co-investment ventures, which are either consolidated or unconsolidated based on our level of control of the entity. We operate, manage and measure the operating performance of our properties on an owned and managed basis.”4 It is headquartered in San Francisco, California.1

Last updated Oct 21, 2026.

Overview

  • IndustryReal Estate1
  • HeadquartersSan Francisco, California1
  • Incorporated inDE2
  • Business addressPier 1 Bay 1, San Francisco, Ca 941112
  • Filer categoryLarge accelerated filer2
  • Legal formLimited Partnership
  • Kind of organizationReal estate investment trust1

Prologis, Inc. is a self-administered and self-managed REIT and is the sole general partner of Prologis, L.P. through which it holds substantially all of its assets. We operate Prologis, Inc. and Prologis, L.P. as one enterprise and, therefore, our discussion and analysis refers to Prologis, Inc. and its consolidated subsidiaries, including Prologis, L.P. We invest in real estate through wholly owned subsidiaries and other entities through which we co-invest with partners and investors ("co-investment ventures"). We have a significant ownership interest in the co-investment ventures, which are either consolidated or unconsolidated based on our level of control of the entity.4 From its latest annual report

Corporate structure

Prologis, L.P. sits at the top of its group. 31 entities, 6 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Prologis, L.P. San Francisco, California
    • AMB Asia LLC and one hundred ten foreign subsidiaries Subsidiary · Delaware, United States
    • DCT Industrial TRS Inc. and four subsidiaries Subsidiary · Delaware, United States
    • DCT Industrial Value Fund I, Inc. and thirteen subsidiaries Subsidiary · Maryland, United States
    • Duke Realty Construction Inc. and eight subsidiaries Subsidiary · Delaware, United States
    • Duke Realty Limited Partnership and ninety-seven subsidiaries Subsidiary · Delaware, United States
    • Liberty L.P. and its fifty-two domestic subsidiaries and nine foreign subsidiaries are direct subsidiaries of Liberty Property Trust Subsidiary · Pennsylvania, United States
    • Liberty Property Trust UK Ltd Subsidiary · United Kingdom
    • Palmtree Acquisition Corporation and forty-six subsidiaries Subsidiary · Delaware, United States
    • PLD Finance Management BV Subsidiary · Netherlands
    • PLD GBP Finance LP Subsidiary · Delaware, United States
    • PLD International Finance, LP and one domestic and four foreign subsidiaries Subsidiary · Delaware, United States
    • PLD International Holding L.P. and one hundred eighty-five foreign subsidiaries Subsidiary · Delaware, United States
    • PLD-TRS Holding LLC and one subsidiary Subsidiary · Delaware, United States
    • Prologis 2, L.P. and eight subsidiaries Subsidiary · Delaware, United States
    • Prologis B.V. and eleven foreign subsidiaries Subsidiary · Netherlands
    • Prologis Brazil Logistics Partners Fund I, L.P. and five foreign subsidiaries Subsidiary · Delaware, United States
    • Prologis California Inc. Subsidiary · Delaware, United States
    • Prologis de Mexico S.A. de C.V. Subsidiary · Mexico
    • Prologis Directorship BV Subsidiary · Netherlands
    • Prologis Directorship II BV Subsidiary · Netherlands
    • Prologis Japan Management LLC and three foreign subsidiaries Subsidiary · Delaware, United States
    • Prologis Logistics Services Incorporated and eighty-three domestic and thirty-three foreign subsidiaries Subsidiary · Delaware, United States
    • Prologis Management B.V. and three foreign subsidiaries Subsidiary · Netherlands
    • Prologis Management LLC Subsidiary · Delaware, United States
    • Prologis Management Services Sarl and two foreign subsidiaries Subsidiary · Luxembourg
    • and 5 more

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Prologis, L.P. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Properties, in its own words

GEOGRAPHIC DISTRIBUTION

We predominately invest in logistics facilities. Our properties are typically used for distribution, storage, packaging, assembly and light manufacturing of consumer products. The vast majority of our operating properties are used by our customers for retail and online fulfillment and business-to-business transactions.

The rest of Item 2

The following tables provide details of our consolidated operating properties, investment in land and development portfolio and our O&M portfolio. The O&M portfolio includes the properties we consolidate and the properties owned by our unconsolidated co-investment ventures reflected at 100% of the amount included in the ventures’ financial statements as calculated on a GAAP basis, not our proportionate share.

Included in the operating property information below for our consolidated operating properties are 541 buildings owned primarily by one co-investment venture that we consolidate but of which we own less than 100% of the equity. No individual property or market amounted to 10% or more of our consolidated total assets at December 31, 2025, or generated revenue equal to 10% or more of our consolidated total revenues for the year ended December 31, 2025, with the exception of the Southern California market. Dollars and square feet in the following tables are in millions:

Consolidated · O&M

Geographies · Rentable Square Footage · Gross Book Value · Encumbrances (1) · Rentable Square Footage · Gross Book Value

Atlanta · 45 · 3,842 · - · 52 · 4,491

Baltimore/Washington D.C. · 14 · 2,076 · - · 18 · 2,777

Central Valley · 21 · 1,836 · - · 23 · 1,985

Chicago · 52 · 5,060 · - · 70 · 6,842

Dallas/Ft. Worth · 52 · 4,748 · - · 61 · 5,630

Houston · 31 · 3,251 · - · 37 · 3,802

Lehigh Valley · 31 · 4,003 · - · 36 · 4,593

New Jersey/New York City · 43 · 7,943 · 2 · 54 · 9,879

San Francisco Bay Area · 24 · 4,150 · 19 · 29 · 4,951

Seattle · 17 · 2,911 · - · 25 · 3,831

South Florida · 22 · 4,076 · 63 · 30 · 5,371

Southern California · 108 · 18,686 · 7 · 127 · 21,136

Remaining Markets – U.S. (18 markets) (2) · 157 · 14,291 · 62 · 194 · 17,694

Subtotal U.S. · 617 · 76,873 · 153 · 756 · 92,982

Brazil · 1 · 77 · - · 20 · 1,028

Canada · 13 · 1,453 · - · 13 · 1,453

Mexico · 2 · 142 · - · 68 · 5,493

Subtotal Other Americas · 16 · 1,672 · - · 101 · 7,974

France · 1 · 39 · - · 36 · 3,899

Germany · * · 37 · - · 38 · 4,855

Netherlands · 1 · 86 · - · 31 · 3,844

U.K. · 2 · 459 · - · 34 · 8,801

Remaining Countries – Europe (8 countries) (2) · 4 · 436 · - · 106 · 9,822

Subtotal Europe · 8 · 1,057 · - · 245 · 31,221

China · - · - · - · 53 · 3,005

India · * · 18 · - · * · 18

Japan · 3 · 273 · - · 51 · 7,086

Singapore · 1 · 150 · - · 1 · 150

Subtotal Asia · 4 · 441 · - · 105 · 10,259

Total operating portfolio (3) · 645 · 80,043 · 153 · 1,207 · 142,436

Value-added properties (4) · 4 · 687 · - · 6 · 968

Total operating properties · 649 · 80,730 · 153 · 1,213 · 143,404

Items notated by ‘*’ indicate an amount less than one million that rounds to zero.

Consolidated – Investment in Land · Consolidated – Development Portfolio

Geographies · Acres · Estimated Build Out Potential(square feet) (5) · Current Investment · Rentable Square Footage Upon Completion · TEI (6)

Atlanta · 319 · 3 · 44 · 2 · 239

Baltimore/Washington D.C. · 111 · 1 · 83 · * · 66

Central Valley · 633 · 10 · 203 · 3 · 402

Chicago · 84 · 1 · 24 · - · -

Dallas/Ft. Worth · 495 · 7 · 192 · - · -

Houston · 400 · 6 · 164 · * · 46

Lehigh Valley · 105 · 1 · 39 · - · -

New Jersey/New York City · 343 · 3 · 360 · 1 · 219

San Francisco Bay Area · 41 · 1 · 75 · 1 · 154

Seattle · 45 · 1 · 39 · * · 41

South Florida · 81 · 1 · 104 · * · 80

Southern California · 565 · 9 · 693 · 1 · 259

Remaining Markets – U.S. (15 markets) · 2,289 · 33 · 866 · 3 · 1,055

Subtotal U.S. · 5,511 · 77 · 2,886 · 11 · 2,561

Brazil · 658 · 14 · 268 · - · -

Canada · 362 · 7 · 667 · 1 · 224

Mexico · 743 · 14 · 292 · 2 · 224

Subtotal Other Americas · 1,763 · 35 · 1,227 · 3 · 448

France · 168 · 3 · 54 · 1 · 85

Germany · 51 · 1 · 67 · * · 34

Netherlands · 55 · 1 · 61 · * · 36

U.K. · 270 · 6 · 210 · 2 · 743

Remaining Countries – Europe (7 countries) · 635 · 12 · 154 · 2 · 153

Subtotal Europe · 1,179 · 23 · 546 · 5 · 1,051

India · 263 · 6 · 74 · 1 · 64

Japan · 99 · 6 · 155 · 4 · 714

Subtotal Asia · 362 · 12 · 229 · 5 · 778

Total land and development portfolio · 8,815 · 147 · 4,888 · 24 · 4,838

Items notated by ‘*’ indicate an amount less than one million that rounds to zero.

Certain of our consolidated properties are pledged as security under secured mortgage debt and assessment bonds. For purposes of this table, the total principal balance of a debt issuance that is secured by a pool of properties is allocated among the properties in the pool based on each property’s investment balance. In addition to the amounts reflected here, we also have $43 million of encumbrances related to one land parcel included in the consolidated portfolio.

No remaining market within the U.S. or country within Europe represented more than 2% of the total gross book value of the consolidated and O&M operating properties.

Included in our consolidated operating properties are properties that we consider to be held for contribution and are presented within Assets Held for Sale or Contribution in the Consolidated Balance Sheets. We include these properties in our operating portfolio as they are expected to be contributed to our co-investment ventures and remain in our O&M operating portfolio. At December 31, 2025, we had investments in real estate properties that were expected to be contributed to our unconsolidated co-investment ventures totaling $169 million and aggregating 1 million square feet. See Note 5 to the Consolidated Financial Statements in Item 8. Financial Statements and Supplementary Data for further information on our Assets Held for Sale or Contribution.

Item 2 of the 10-K filed Feb 13, 2026.4

Leadership

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • General Partner. Prologis, Inc. named Aug 18, 20265

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • AMB Asia LLC and one hundred ten foreign subsidiaries Delaware3
  • DCT Industrial TRS Inc. and four subsidiaries Delaware3
  • DCT Industrial Value Fund I, Inc. and thirteen subsidiaries Maryland3
  • Duke Realty Construction Inc. and eight subsidiaries Delaware3
  • Duke Realty Limited Partnership and ninety-seven subsidiaries Delaware3
  • Liberty L.P. and its fifty-two domestic subsidiaries and nine foreign subsidiaries are direct subsidiaries of Liberty Property Trust Pennsylvania3
  • Liberty Property Trust UK Ltd United Kingdom3
  • PLD Finance Management BV Netherlands3
  • PLD Finance Management LLC Delaware3
  • PLD GBP Finance LP Delaware3
  • PLD International Finance, LP and one domestic and four foreign subsidiaries Delaware3
  • PLD International Holding L.P. and one hundred eighty-five foreign subsidiaries Delaware3
  • PLD-TRS Holding LLC and one subsidiary Delaware3
  • Palmtree Acquisition Corporation and forty-six subsidiaries Delaware3
  • Prologis 2, L.P. and eight subsidiaries Delaware3
  • Prologis B.V. and eleven foreign subsidiaries Netherlands3
  • Prologis Brazil Logistics Partners Fund I, L.P. and five foreign subsidiaries Delaware3
  • Prologis California Inc. Delaware3
  • Prologis Directorship BV Netherlands3
  • Prologis Directorship II BV Netherlands3
  • Prologis Directorship Sarl Luxembourg3
  • Prologis Japan Management LLC and three foreign subsidiaries Delaware3
  • Prologis Logistics Services Incorporated and eighty-three domestic and thirty-three foreign subsidiaries Delaware3
  • Prologis Management B.V. and three foreign subsidiaries Netherlands3
All 32 listed subsidiaries
  • Prologis Management LLC Delaware3
  • Prologis Management Services Sarl and two foreign subsidiaries Luxembourg3
  • Prologis UK Financial Services Limited United Kingdom3
  • Prologis UK Holdings S.A. and eighty foreign subsidiaries Luxembourg3
  • Prologis UK Limited and one foreign subsidiary United Kingdom3
  • Prologis USLV Operating Partnership, L.P. and one hundred seven subsidiaries Delaware3
  • Prologis de Mexico S.A. de C.V. Mexico3
  • Solutions Insurance Ltd. Bermuda3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • AMB PROPERTY LPMay 15, 1998 to Jun 2, 20112

Timeline

  1. Oct 15, 20268-K Results of operations; Regulation FD disclosure6
  2. Aug 6, 20268-K Other events7
  3. Aug 5, 20268-K Other events8
  4. Aug 4, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares9
  5. Jul 16, 20268-K Results of operations; Regulation FD disclosure10
  6. Jul 1, 20268-K Executive or director change11
  7. Jun 24, 20268-K Other events12
  8. Jun 11, 20268-K New debt or obligation; Other events13
  9. Apr 30, 20268-K Shareholder vote14
  10. Apr 27, 20268-K New debt or obligation; Other events15
  11. Apr 23, 20268-K New debt or obligation; Other events16
  12. Apr 16, 20268-K Results of operations; Regulation FD disclosure17

Calendar

Coming up

  1. Around Jan 14, 2027Next results, estimated About a quarter after its last report. The company hasn't announced the date.

When it reported results

  1. Oct 15, 2026Reported quarterly or annual results6
  2. Jul 16, 2026Reported quarterly or annual results10
  3. Apr 16, 2026Reported quarterly or annual results17
  4. Jan 21, 2026Reported quarterly or annual results18
  5. Oct 15, 2025Reported quarterly or annual results19
  6. Jul 16, 2025Reported quarterly or annual results20
  7. Apr 16, 2025Reported quarterly or annual results21
  8. Jan 21, 2025Reported quarterly or annual results22

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

186 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 82 major events, 5 private raises, 79 other. The latest 20:

  1. Oct 15, 20268-K EDGAR
  2. Aug 18, 2026D/A EDGAR
  3. Aug 6, 20268-K EDGAR
  4. Aug 5, 20268-K EDGAR
  5. Aug 4, 20268-K EDGAR
  6. Jul 29, 202610-Q EDGAR
  7. Jul 16, 20268-K EDGAR
  8. Jul 1, 20268-K EDGAR
  9. Jun 24, 20268-K EDGAR
  10. Jun 11, 20268-K EDGAR
  11. Jun 5, 2026424B2 EDGAR
  12. Jun 4, 2026FWP EDGAR
  13. Jun 1, 2026424B3 EDGAR
  14. Apr 30, 20268-K EDGAR
  15. Apr 30, 202610-Q EDGAR
  16. Apr 27, 20268-K EDGAR
  17. Apr 23, 20268-K EDGAR
  18. Apr 22, 2026424B2 EDGAR
  19. Apr 22, 2026424B2 EDGAR
  20. Apr 21, 2026FWP EDGAR

The 186 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Aug 29, 2014Raised $7,329 in a private offering of securities Form D: 180 investors so far Form D

SEC filer profile

How Prologis, L.P. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARPrologis, L.P.1
  • CIK0001045610
  • Employer ID (EIN)94-32819414
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inMaryland4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6500 Real Estate1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business addressPier 1 Bay 1, San Francisco, CA 941111
  • Phone41539490001
  • Shares outstanding933,076,000 as of Jul 24, 202623
  • Public float$97.3B as of Jun 30, 20254
  • AuditorKPMG LLP, Denver, CO PCAOB ID 185; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceMay 15, 19981
  • Filings812 in all: 8-K (353), 10-Q (85), 424B3 (57), FWP (49), 424B2 (48), 10-K (27), UPLOAD (26), 8-K/A (24)1
    All 34 form types

    8-A12B (21), CORRESP (19), CERT (12), D/A (12), 424B5 (11), 25-NSE (10), S-3ASR (7), 10-Q/A (6), CERTNYS (5), EFFECT (5), 10-K/A (4), ARS (4), S-11/A (4), 15-12B (3), D (3), S-3 (3), S-4 (3), POSASR (2), REGDEX (2), 10-K405 (1), 305B2 (1), 425 (1), POS AM (1), S-3/A (1), S-4/A (1), S-8 (1)

  • Latest filingsAnnual report (10-K) Feb 13, 2026
    Quarterly report (10-Q) Jul 29, 2026
    Latest 8-K (8-K) Oct 15, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.01 par valuePLDNew York Stock Exchange
2.250% Notes due 2029PLD/29New York Stock Exchange
5.625% Notes due 2040PLD/40New York Stock Exchange

From the cover page of the 10-K filed Feb 13, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks Prologis, L.P. names in Item 1A of its 10-K filed Feb 13, 2026: 28 risks under these headings, as written.4

  • Risks Related to our Global Operations
  • As a global company, we are subject to social, geopolitical and economic risks associated with conducting business in many countries and our results of operations and financial condition may be materially and adversely affected.
  • Compliance or failure to comply with regulatory requirements could result in substantial costs.
  • Disruptions in the global capital and credit markets may adversely affect our operating results and financial condition.
  • The depreciation in the value of the foreign currency in countries where we have a significant investment may adversely affect our results of operations and financial position.
  • Our hedging of foreign currency and interest rate risk may not effectively limit our exposure to these risks.
  • Risks Related to our Business
  • General economic conditions and other events or occurrences that affect areas in which our properties are geographically concentrated may impact financial results.
  • Real estate investments are not as liquid as certain other types of assets, which may reduce economic returns to investors.
  • Our investments are concentrated in the logistics sector and our business would be adversely affected by an economic downturn in that sector.
  • Investments in real estate properties are subject to risks that could adversely affect our business.
  • Our customers may be unable to meet their lease obligations or we may be unable to lease vacant space, renew leases or re-lease space on favorable terms as leases expire.
The other 18 risks
  • We may acquire properties and companies that involve risks that could adversely affect our business and financial condition.
  • Our real estate development and redevelopment strategies may not be successful.
  • We are subject to risks and liabilities in connection with forming and attracting third-party investment in co-investment ventures, investing in new or existing co-investment ventures, and managing properties through co-investment ventures.
  • We are exposed to various environmental risks, which may result in unanticipated losses that could affect our business and financial condition.
  • We are exposed to the impacts of climate change and could be required to comply with new or stricter regulations, which may result in unanticipated losses that could affect our business and financial condition.
  • Our business and operations could suffer in the event of system failures, cybersecurity attacks or risks associated with AI.
  • Our insurance coverage does not cover all potential losses.
  • Our business could be adversely impacted if we have deficiencies in our disclosure controls and procedures or internal control over financial reporting.
  • Risks associated with our dependence on key personnel.
  • Risks Related to Financing and Capital
  • In order to meet REIT distribution requirements we may need access to external sources of capital.
  • Covenants in our credit agreements could limit our flexibility and breaches of these covenants could adversely affect our financial condition.
  • Adverse changes in our credit ratings could negatively affect our financing activity.
  • We may be unable to refinance our debt or our cash flow may be insufficient to make required debt payments.
  • Our stockholders may experience dilution if we issue additional common stock or units in the OP.
  • Risks Related to Income Tax
  • The failure of Prologis, Inc. to qualify as a REIT would have serious adverse consequences.
  • Certain property transfers may generate prohibited transaction income, resulting in a penalty tax on gain attributable to the transaction.
  • Legislative or regulatory action could adversely affect us.
  • Complying with REIT requirements may limit our flexibility or cause us to forego otherwise attractive opportunities.

Legal proceedings

From time to time, we and our co-investment ventures are parties to a variety of legal proceedings arising in the ordinary course of business. We believe that, with respect to any such matters to which we are currently a party, the ultimate disposition of any such matter will not result in a material adverse effect on our business, financial position or results of operations.

The opening of Item 3, Legal Proceedings.4