ProLogis outlines $40 billion logistics development opportunity in investor presentation
PLD•ProLogis outlined a $40 billion logistics land bank and a 5.8 GW data center power pipeline, including 1.7 GW secured under utility agreements. It targets high-single-digit annualized growth and cited $8.8 billion in liquidity and debt at 4.5 times adjusted EBITDA.
1. Development plans and figures
ProLogis targets high-single-digit annualized growth through development, organic growth and asset management expansion. Its data center pipeline totals 5.8 GW, including 1.7 GW secured under utility agreements; illustrative economics assume $3 billion-$5 billion in annual development starts, with targeted yields of 7.5%-10% and margins of 25%-50%. The logistics land bank represents $40 billion in potential total investment, while liquidity stands at $8.8 billion and debt at 4.5 times adjusted EBITDA.
