Prologis still the logistics bellwether
Prologis ($PLD) is being highlighted as outperforming its peers thanks to e‑commerce and near‑shoring tailwinds — the REIT sits on roughly 1.2 billion sq ft of logistics space and is singled out alongside American Tower for structural demand plays . That said, macro pressure (higher rates and geopolitical risk) is souring sentiment toward REITs broadly, so positioning matters .
Prologis signed a record 228 million square feet of leases in 2025, and reported Core FFO of $1.44 for Q4 and $5.81 for the full year. (ir.prologis.com) The company set 2026 guidance at Core FFO of $6.00–$6.20 per share, assumed average occupancy of 94.75%–95.75%, targeted development starts of $2.25B–$2.75B and forecast cash same‑store NOI growth of 5.75%–6.75%. (quartr.com) Operational momentum included 57 million square feet signed in Q4, an average occupancy of 95.3% for the quarter and a quarter‑end occupancy of about 95.8%. (fool.com) Prologis’ board approved a 6% lift to the annualized common dividend to $4.28 per share and declared a $1.07 quarterly payout payable March 31, 2026 (record date March 17, 2026). (prologis.com) Management highlighted expansion of power capacity to support data center customers and launched new investment vehicles in the U.S. and China as part of its strategic capital platform. (ir.prologis.com) Market reaction was tangible: shares traded up roughly 1.6% in premarket trading after the Q4 report, even as opinion pieces on March 15, 2026 warned that the Iran conflict and a hawkish Fed tone could weaken REIT sentiment. (freightwaves.com)
