Prologis shares have climbed 9.1% over the past three months as leasing activity accelerates across its global portfolio. During this period the company signed new leases for more than 15 million square feet of logistics space, up 12% year-over-year, and saw portfolio occupancy rise to 97.8%, the highest level since early 2022. Growth has been particularly strong in key North American markets, where rental rates on new leases were 5.4% higher than expiring contracts, underpinning same-store net operating income growth of 4.1% for the quarter.

Several major asset managers increased their positions in Prologis during the most recent quarter. First Pacific Financial boosted its stake by 32.9%, acquiring 5,870 additional shares to reach 23,725 shares valued at approximately 2.7 million. Generali Asset Management raised its holding by 33.4%, adding 25,133 shares to total 100,314 shares worth roughly 11.5 million. Meanwhile, director Cristina Gabriela Bita sold 621 shares in early December—a 7.03% reduction of her holdings—for proceeds of about 79,240. Institutional ownership stands at 93.5%, while insiders retain 0.57%.

In the third quarter Prologis reported revenue of 2.21 billion and funds from operations per share of 0.82, delivering a net margin of 36.7% and return on equity of 5.55%. The company’s debt-to-equity ratio remains conservative at 0.62, and its current and quick ratios each sit at 0.64. Prologis recently declared a quarterly distribution of 1.01 per share, equating to an annualized yield of 3.2% and a payout ratio of 117.8%, reflecting management’s confidence in cash flow stability through ongoing development pipelines and data-center expansion initiatives.