PLD · 8-K · 20261015PR422375

Occupancy and Leasing Activity

Prologis, Inc. · 2026-10-15 · Importance 35 · Surprise 48 · In source text

Average occupancy for the owned and managed portfolio was 95.4% in the third quarter of 2026, while period-ending occupancy was 95.5% and the portfolio was 96.0% leased. The portfolio commenced 55.915 million square feet of leases during the quarter, including 37.298 million square feet of renewals and 17.096 million square feet of new leases. Prologis Share rent change was 23.4% on a cash basis and 38.0% on a net-effective basis. Customer retention was 95.1%, and signed leases covering 27 million square feet expiring in 2026 and 49 million square feet expiring in 2027 were excluded from the corresponding expiration totals.

Key facts

• Prologis, Inc. signed leases which were due to expire in 2026 and 2027 totaling 27 million square feet and 49 million square feet in the Owned and Managed portfolio (1.8% and 3.4% of total net effective rent) and 16 million square feet and 31 million square feet on a Prologis Share basis (1.7% and 3.2% of total net effective rent). source
• 2026 Guidance for average occupancy - Prologis Share is 95.25% to 95.50%. source
• Total Operating Portfolio (Prologis Share) square feet: 645,054 and Gross Book Value: $79,180,600 (GBV in thousands), percent occupied 95.4% (Consolidated operating portfolio section). source
• Total Operating Portfolio (Total Operating Portfolio line) total square feet: 811,712 and Gross Book Value: $98,384,922 (GBV in thousands), percent occupied 95.5%. source
• Average occupancy - Prologis Share for the periods shown: 94.7%, 95.2%, 95.4%, 94.9%, 95.1% (five values shown in a series). source
• Weighted average term of leases remaining for the Operating Portfolio is 3.9 years (Top customers table). source

Impact estimates