PROLOGIS, INC.PLD
Recorded
PROLOGIS, INC. BofA NY Global Real Estate Conference 2026
Review the key takeaways and the transcript of this earnings call.
Period 2026Duration37 min
Key takeaways
- Prologis reported continued positive trends in leasing volumes, decision-making, occupancies, and market rent growth into the third quarter.
- Prologis expects third-quarter lease signings to be around 60, 65 million square feet, with deals in the agreement stage accelerating and the lease pipeline remaining well over $100 million square feet in new inquiries.
- U.S. net absorption reached 66 million square feet in the second quarter, while Prologis said productive U.S. market net absorption should be around 225 million square feet annually.
- Prologis said approximately 10% of new leasing was dedicated to support the data center build-out, and it has started about $4 billion of data center build-to-suit transactions since the formal launch of the business.
- Prologis has nearly $70 billion of third-party AUM, 14,000 acres of land under ownership or control, approximately 5.8 gigawatts of data center power secured or in advanced stages, and 1.4 gigawatts of solar power generated or stored in its portfolio.
- American Healthcare REIT said it continued to post industry-leading internal and external growth, with its Redea vertical representing well over 80% of NOI.
- American Healthcare REIT said it reduced net debt to EBITDA from three times at the end of Q1 to two and a half times while continuing to drive external growth.
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