Logistics warehouse operator Prologis signed a record number of new leases in 2025, with 228 million square feet of space leased, a nearly 20% increase. Despite tariffs and post-Covid challenges, Prologis reported fourth-quarter revenue of $2.09 billion, up 8% year over year, and core funds from operations of $1.44 per share.

Prologis CEO Dan Letter noted that 2025 was a record year for lease signings, setting the company up for a strong 2026. The company’s 2026 guidance includes core FFO of $6.00 to $6.20 per share, with an average occupancy range of 94.75% to 95.75% and development starts between $2.25 billion and $2.75 billion.

Although new leases commenced in the fourth quarter were down 6% year over year, average occupancy was at 95.3%, the highest of the year, signaling a likely market bottom. Prologis’ shares were up 1.6% in premarket trading on Wednesday, with the company set to discuss fourth-quarter results in a call at noon EST.

Prologis continues to meet customer demand for logistics and real estate, with a platform that integrates logistics, digital infrastructure, and energy on a global scale. The company’s success in 2025 was driven by customers making long-term decisions, leading to a positive outlook for 2026.

Read more at Yahoo Finance: Prologis sees record lease signings in 2025