安博 2026年季度报告

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934For the quarterly period ended March 31, 2026 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934For the transition period from ______________ to______________ Commission File Number: 001-13545 (Prologis, Inc.) 001-14245 (Prologis, L.P.) Maryland(Prologis, Inc.)Delaware(Prologis, L.P.)(State or other jurisdiction ofincorporation or organization) (415) 394-9000(Registrants’ telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 duringthe preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements forthe past 90 days.Prologis, Inc.YesNo Prologis, L.P. Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter periods that the registrant was required to submit such files).Prologis, Inc.Yes☒No☐ Prologis, L.P. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerginggrowth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 ofthe Exchange Act: Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐Prologis, L.P.:Large accelerated filer☐Accelerated filer☐Non-accelerated filer☒Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ The number of shares of Prologis, Inc.’s common stock outstanding at April 28, 2026, was approximately 932,338,000. EXPLANATORY NOTE This report combines the quarterly reports on Form 10-Q for the period ended March 31, 2026, of Prologis, Inc. and Prologis, L.P.Unless stated otherwise or the context otherwise requires, references to “Prologis, Inc.” or the “Parent” mean Prologis, Inc. and itsconsolidated subsidiaries; and references to “Prologis, L.P.” or the “Operating Partnership” or the “OP” mean Prologis, L.P., and itsconsolidated subsidiaries. The terms “the Company,” “Prologis,” “we,” “our” or “us” means the Parent and the OP collectively. The Parent is a real estate investment trust (a “REIT”) and the general partner of the OP. At March 31, 2026, the Parent owned a97.93% common general partnership interest in the OP and substantially all of the preferred units in the OP. The remaining 2.07%common limited partnership interests are owned by unaffiliated investors and certain current and former directors and officers of theParent. We operate the Parent and the OP as one enterprise. The management of the Parent consists of the same members as themanagement of the OP. These members are officers of the Parent and employees of the OP or one of its subsidiaries. As solegeneral partner, the Parent has control of the OP through complete responsibility and discretion in the day-to-day management andtherefore, consolidates the OP for financial reporting purposes. Because the only significant asset of the Parent is its investment inthe OP, the assets and liabilities of the Parent and the OP are the same on their respective financial statements. We believe combining the quarterly reports on Form 10-Q of the Parent and the OP into this single report results in the followingbenefits: •enhances investors’ understanding of the Parent and the OP by enabling investors to view the business as a whole in the samemanner as management views and operates the business;•eliminates duplicative disclosure and provides a more streamlined and readable presentation as a substantial portion of theCompany’s disclosure applies to both the Parent and the OP; and•creates time and cost efficiencies through the preparation of one combined report instead of two separate reports. It is important to understand the few differences between the Parent and the OP in the context of how we operate the Company. TheParent does not conduct business itself, other than acting as the sole general partner of the OP and issuing public equity from time totime. The OP holds substantially all the assets of the business, directly or indirectly. The OP conducts the operations of the businessand is structured as a partnership with no publicly traded equity. Except for net proceeds from equity issuances by the Parent, whichare c