PLD · Earnings call · 2026Q3T · Full report

Data Center Regulatory Risk

Prologis, Inc. · 2026-10-15 · Importance 34 · Surprise 42

Management said data-center moratoriums and related legislation have not affected Prologis’s quoted 5.8-gigawatt pipeline. Prologis applies a high bar before including power in the pipeline and believes the projects remain deliverable, although pauses for additional analysis could delay individual projects by several months or one or two quarters. Management expects 85% of the 5.8-gigawatt pipeline to be capable of starting by 2030. The company also said it does not require a joint venture or other external funding for the data-center business, although optional structures may be used for very large projects.

Key facts

• Prologis said the data center pipeline they quote has not been impacted by moratoriums and that 85% of the 5.8 gigawatts will be able to start by 2030.