Prologis, Inc. is a publicly traded real estate investment trust (REIT) that trades on the New York Stock Exchange under the ticker PLD. Prologis is focused on the ownership and operation of logistics properties across the globe. While Prologis has a truly global footprint with significant holdings in Asia and Europe, the company reported that 86% of its operating portfolio NOI was generated in the USA at the end of 3Q’24. Net operating income generated in the USA at the end of 3Q’24 was concentrated on a few key markets, with Prologis reporting Southern California accounting for just less than 21% of total NOI. The company’s top tenants are predominantly international, investment grade tenants. Amazon was the largest tenant for Prologis in the third quarter, accounting for a little more than 5% of the company’s net effective rents and occupying more than 45 million square feet of space. Home Depot ranked second, accounting for 1.9% of net effective rents.