Prologis shares rose after the industrial REIT posted fourth-quarter profit and revenue that topped Wall Street estimates. Earnings per share hit $1.49, beating the $0.70 consensus, while revenue reached $2.1 billion, slightly above expectations. The company cited healthy leasing activity across its warehouse portfolio as the key driver behind the strong quarter.

Management reported a record 228 million square feet of leases signed during 2025, signaling a recovery in U.S. warehouse demand. Prologis is also expanding power capacity at its properties to support rising data center needs, highlighting the growing overlap between logistics real estate and digital infrastructure. This positions the business for stronger growth in 2026.

For the full year, Prologis posted net earnings of $3.56 per share, down from $4.01 in 2024. Core funds from operations, a critical REIT metric, rose to $5.81 per share from $5.56. The company forecast 2026 earnings of $3.70 to $4.00 per share, with core FFO expected between $6.00 and $6.20.