Prologis says 1.3GW of AI data‑center capacity now committed under LOIs

Prologis said on April 16 that it now has 1.3 gigawatts of data-center capacity under letters of intent, extending its push beyond warehouse leasing. (ir.prologis.com) (fool.com) The company disclosed the figure with first-quarter 2026 results, alongside $1.3 billion of build-to-suit data-center development starts and 64 million square feet of logistics lease signings. (ir.prologis.com) (fool.com) Management said its broader power pipeline reached 5.6 gigawatts either secured or in advanced discussions, up from 5.2 gigawatts in advanced stages at the end of September 2025. (fool.com) (ir.prologis.com) A data center is a warehouse-sized building packed with servers, and the limiting ingredient is often electricity, not land. Prologis is betting its land bank, utility relationships and redevelopment sites can solve that bottleneck for cloud and artificial-intelligence tenants. (costar.com) (ir.prologis.com) The company’s first-quarter quarter-end occupancy was 95.3%, and it raised its full-year occupancy outlook to 95.0% to 95.75%. Core funds from operations rose to $1.50 a share from $1.42 a year earlier. (ir.prologis.com) (fool.com) That matters because Prologis is using a strong logistics base to finance a new business line that needs far more capital and power infrastructure than a standard warehouse project. The company told investors about 40% of its 2026 development starts could be data centers. (fool.com) (commercialobserver.com) Prologis had already signaled this shift in October 2025, when it said it had 5.2 gigawatts of utility-fed capacity secured or in advanced stages to unlock data-center opportunities. By early October 2025, CoStar reported the company had data centers totaling about 3.4 gigawatts in operation or advanced development worldwide. (ir.prologis.com) (costar.com) Prologis also said it completed 42 solar and storage projects with 1.3 gigawatts of installed capacity, part of a larger effort to line up power for both warehouses and computing campuses. (fool.com) (costar.com) For now, the company’s message is that signed warehouse leases are still funding growth, while letters of intent and power allocations are filling the next pipeline in data centers. (ir.prologis.com) (fool.com)