Prologis stock: Joliet logistics venture expands development pipeline
Published on 10/29/2026 at 17:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSNew development platform in Illinois
- Prologis will manage and develop the former Hollywood Casino Joliet site with Gaming and Leisure Properties.
- The project is planned as a Class A warehouse and distribution park, subject to approval by the City of Joliet.
- Prologis also continues to benefit from strong leasing activity and high portfolio occupancy.
Prologis and Gaming and Leisure Properties announced on October 28, 2026, that they had formed a joint venture to redevelop the former Hollywood Casino Joliet site in Illinois into a logistics park. The development is subject to approval by the City of Joliet. Since the previous own report on October 26, the Lang & Schwarz quote increased from EUR 112.63 to EUR 114.60 at 16:40:20 Berlin time, a gain of 1.75 percent. This comparison is separate from a Xetra daily close.
Joliet project creates new optionality
According to RTTNews, the 262-acre site is expected to become a Class A warehouse and distribution park with more than 3.8 million square feet across five buildings. Prologis will act as managing member and developer, while Gaming and Leisure Properties will contribute the land in three phases.
The project is expected to be developed over approximately five years. Prologis holds options over the second and third phases, giving the industrial real estate company a potential role beyond the initial phase. The companies did not disclose financial terms.
Operating backdrop remains important
Prologis reported third-quarter 2026 revenue of USD 2.39 billion for the period ended September 30. Period-end occupancy was 95.60 percent, while Core FFO reached USD 1.60 per diluted share. The company also reported that it had signed 60 million square feet of leases during the quarter.
In its October 15 results release, Prologis narrowed 2026 net earnings guidance to USD 4.05 to USD 4.15 per diluted share and raised its Core FFO guidance to USD 6.25 to USD 6.29. These figures describe the company's operating outlook; they do not establish a causal explanation for the share-price movement.
The real-time quote of Prologis Inc. stock provides the latest available market indication.
Prologis Inc. stock facts
- Company: Prologis, Inc.
- ISIN: US74340W1036
- Ticker: PLD
- Primary exchange: NYSE
- Lang & Schwarz quote: EUR 114.60 on October 29, 2026, at 16:40:20 Berlin time
- Sector: Real Estate
- Industry: REIT - Industrial
Market context: Investors can follow developments in the S&P 500 market environment.
Further news and analyses on Prologis Inc. stock are available on the company's topic page.
