Stratrix
On the Record · Prologis

Prologis acquisitions, on the record

The businesses Prologis bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
real estate portfolio comprised of 70 operating properties in the U.S.
Word for word“On June 29, 2023, we acquired a real estate portfolio comprised of 70 operating properties in the U.S., aggregating 14 million square feet, for cash consideration of $3.1 billion.” 10-K for 2023
acquisitionJune 29, 2023$3.1 billion
Duke Realty Corporation and Duke Realty Limited Partnership (collectively "Duke" or the "Duke Transaction")
Word for word“As shown in the graph above, the acquisition of Duke Realty Corporation and Duke Realty Limited Partnership (collectively "Duke" or the "Duke Transaction") on October 3, 2022 is an example of this.” 10-K for 2023
acquisitionOctober 3, 2022—
a U.S. portfolio of assets
Word for word“We generated net proceeds of $2.1 billion and realized net gains of $623 million, principally from the contribution of properties to our unconsolidated co-investment ventures in Europe, Japan and Mexico and the sale of a U.S. portfolio of assets to a third-party.” 10-K for 2023
divestiture——
our investment in an unconsolidated office joint venture
Word for word“This activity also includes the sale of our investment in an unconsolidated office joint venture.” 10-K for 2023
divestiture——
PJLF, an unconsolidated co-investment venture in Japan, with two investors
Word for word“In April 2023, we formed PJLF, an unconsolidated co-investment venture in Japan, with two investors through the initial contribution of assets for which we received cash and equity ownership.” 10-K for 2023
mergerApril 2023—
Terrafina, a Mexican FIBRA
Word for word“Our publicly traded vehicle, FIBRA Prologis, completed tender offers to acquire 89.9% of Terrafina, a Mexican FIBRA, through a combination of stock and cash and began consolidating Terrafina, which owned a portfolio of 41 million square feet of industrial real estate properties at December 31, 2024.” 10-K for 2024
agreed acquisition——
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)
2016-12-31$0
2017-12-31$0
2018-12-31$45.9 million
2019-12-31$0
2021-12-31$0
2022-12-31$92.1 million
2023-12-31$33 million
2024-12-31$0
2025-12-31$0

Deal filings since 2016

Read from Prologis’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-13. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.