# Prologis reported first-quarter consolidated revenue of $2.3 billion.

*business · news · 2026-04-16 · FreightWaves*

## Key points

- Prologis signed record leases totaling 64 million square feet in the first quarter.
- First-quarter consolidated revenue reached $2.3 billion, surpassing the $2.12 billion estimate.
- Core funds from operations per share were $1.50, exceeding expectations by 1 cent.
- Average occupancy in Prologis facilities increased 40 basis points year over year to 95.3%.

**Companies:** Prologis

[Read the full story on FreightWaves](https://www.freightwaves.com/news/prologis-reports-record-logistics-lease-signings-in-q1)

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