v3.26.3
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
ASSETS    
Investments in real estate properties $ 98,759,850 $ 95,129,356
Less accumulated depreciation 16,359,720 14,729,149
Net investments in real estate properties 82,400,130 80,400,207
Investments in and advances to unconsolidated entities 11,505,548 11,093,936
Assets held for sale or contribution 545,788 203,344
Net investments in real estate 94,451,466 91,697,487
Cash and cash equivalents 2,273,497 1,145,647
Other assets 7,169,743 5,881,122
Total assets 103,894,706 98,724,256
Liabilities:    
Debt [1] 36,832,482 35,037,073
Accounts payable and accrued expenses 2,791,737 1,963,645
Other liabilities 3,928,856 3,969,530
Total liabilities 43,553,075 40,970,248
Prologis, Inc. stockholders’ equity:    
Series Q preferred stock at stated liquidation preference of $50 per share; $0.01 par value; 1,279 shares issued and outstanding and 100,000 authorized at September 30, 2026 and December 31, 2025 63,948 63,948
Common stock; $0.01 par value; 950,396 and 929,153 shares issued and outstanding at September 30, 2026 and December 31, 2025, respectively 9,504 9,292
Additional paid-in capital 57,311,841 54,698,641
Accumulated other comprehensive loss (412,673) (676,276)
Distributions in excess of net earnings (1,063,586) (902,427)
Total Prologis, Inc. stockholders’ equity 55,909,034 53,193,178
Noncontrolling interests 4,432,597 4,560,830
Total equity 60,341,631 57,754,008
Total liabilities and equity 103,894,706 98,724,256
Prologis, L.P. [Member]    
ASSETS    
Investments in real estate properties 98,759,850 95,129,356
Less accumulated depreciation 16,359,720 14,729,149
Net investments in real estate properties 82,400,130 80,400,207
Investments in and advances to unconsolidated entities 11,505,548 11,093,936
Assets held for sale or contribution 545,788 203,344
Net investments in real estate 94,451,466 91,697,487
Cash and cash equivalents 2,273,497 1,145,647
Other assets 7,169,743 5,881,122
Total assets 103,894,706 98,724,256
Liabilities:    
Debt 36,832,482 35,037,073
Accounts payable and accrued expenses 2,791,737 1,963,645
Other liabilities 3,928,856 3,969,530
Total liabilities 43,553,075 40,970,248
Prologis, Inc. stockholders’ equity:    
Noncontrolling interests 3,312,124 3,316,713
Total capital 60,341,631 57,754,008
Total liabilities and equity 103,894,706 98,724,256
Partners’ capital:    
Total partners’ capital 57,029,507 54,437,295
Prologis, L.P. [Member] | Preferred [Member]    
Partners’ capital:    
General partner 63,948 63,948
Prologis, L.P. [Member] | Common [Member]    
Partners’ capital:    
General partner 55,845,086 53,129,230
Limited partners $ 1,120,473 $ 1,244,117
[1] We borrow in the functional currencies of the countries where we invest. Included in the outstanding balances were borrowings denominated in the following currencies:

 

 

 

 

September 30, 2026

 

 

December 31, 2025

 

 

 

 

Weighted Average Interest Rate

 

Amount Outstanding

 

 

% of Total

 

 

Weighted Average Interest Rate

 

Amount Outstanding

 

 

% of Total

 

 

British pound sterling

 

3.0%

 

$

1,820,000

 

 

 

4.9

%

 

3.0%

 

$

1,843,931

 

 

 

5.3

%

 

Canadian dollar

 

4.4%

 

 

2,443,735

 

 

 

6.6

%

 

4.4%

 

 

2,004,638

 

 

 

5.7

%

 

Euro

 

2.2%

 

 

12,017,125

 

 

 

32.6

%

 

2.2%

 

 

12,302,104

 

 

 

35.1

%

 

Japanese yen

 

1.5%

 

 

3,195,028

 

 

 

8.7

%

 

1.2%

 

 

2,930,594

 

 

 

8.4

%

 

U.S. dollar

 

4.1%

 

 

16,674,088

 

 

 

45.3

%

 

4.1%

 

 

15,385,826

 

 

 

43.9

%

 

Other

 

3.9%

 

 

682,506

 

 

 

1.9

%

 

3.8%

 

 

569,980

 

 

 

1.6

%

 

Total

 

3.2%

 

$

36,832,482

 

 

 

100.0

%

 

3.2%

 

$

35,037,073

 

 

 

100.0

%