Prologis has been on a tear since the presidential election. “In our business, the bottoming process across our markets continues to progress,” said chief financial officer Timothy Arndt in the January earnings call for 2024 Q4. “Leasing in our portfolio accelerated following the U.S. election, and the pipeline has started the year at healthy levels.”
The company has vast resources and a $104.1 billion market cap, according to data from S&P Global Market Intelligence. Its total revenue in 2024 was almost $8.6 billion, with net income at $3.7 billion.
But as PERE recently reported, the company also has had a secret weapon all along: private capital. The two industrial REITs — ProLogis and AMB Property Corporation — that merged to form the current company in 2011 each had a private funds business.
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