Prologis is a self-administered, self-managed real estate investment trust (REIT) that owns and manages a diversified global portfolio of logistics real estate across multiple countries and continents, generating revenue primarily from long-term operating leases on modern distribution facilities positioned near major consumption hubs and transportation nodes. The company's two core business segments consist of rental operations on its consolidated logistics portfolio, which represents the majority of revenues and earnings, and strategic capital management activities that generate asset management fees and performance-based incentive fees through partnerships with institutional investors. Prologis serves over 4,000 customers across diverse industries—including third-party logistics providers, e-commerce retailers, and manufacturers—that collectively occupy over 600 million square feet, and the company also pursues development activities that create and stabilize new logistics facilities and data centers for long-term hold or co-investment ventures.