I need to assess whether there's sufficient substantive disclosure content. The filing contains balance sheet headers but the actual financial data appears cut off. However, the filing does contain substantial substantive content including: ownership structure (98.03% general partnership interest, 1.97% limited partnership interests), share count (approximately 950,513,000 shares outstanding at October 26, 2026), entity descriptions, and structural disclosures. This exceeds 150 words of substantive content.

Prologis, Inc. and Prologis, L.P. filed a combined Form 10-Q with the U.S. Securities and Exchange Commission on October 28, 2026, covering the quarterly period ended September 30, 2026.

Key Highlights

  • Share count: Approximately 950,513,000 shares of Prologis, Inc. common stock were outstanding as of October 26, 2026, according to the filing.
  • Partnership interest: At September 30, 2026, Prologis, Inc. owned a 98.03% common general partnership interest in Prologis, L.P., with the remaining 1.97% held by unaffiliated investors and certain current and former directors and officers.
  • REIT status: The filing identifies Prologis, Inc. as a real estate investment trust and the sole general partner of Prologis, L.P.
  • Exchange listings: Prologis, Inc. common stock trades on the New York Stock Exchange under the symbol PLD; Prologis, L.P. also has notes listed on the NYSE under PLD/29 and PLD/40.
  • Filer classification: Prologis, Inc. is classified as a large accelerated filer; Prologis, L.P. is classified as a non-accelerated filer.

Prologis Combined 10-Q Structure and Entity Ownership at September 30, 2026

Prologis, Inc. and Prologis, L.P. filed a single combined quarterly report for the period ended September 30, 2026, under Commission File Numbers 001-13545 and 001-14245, respectively. The registrants are headquartered at Pier 1, Bay 1, San Francisco, California 94111. According to the filing, NYSE:PLD common stock carries a par value of $0.01 per share, and Prologis, L.P. has two series of notes registered on the New York Stock Exchange: 2.250% Notes due 2029 (PLD/29) and 5.625% Notes due 2040 (PLD/40).

The filing explains that Prologis, Inc. "does not conduct business itself, other than acting as the sole general partner of the OP and issuing public equity from time to time," while Prologis, L.P. "holds substantially all the assets of the business, directly or indirectly." At September 30, 2026, the Parent's 98.03% common general partnership interest in the Operating Partnership left 1.97% of common limited partnership interests held by unaffiliated investors and certain current and former directors and officers of the Parent. The filing states that the Parent also owned "substantially all of the preferred units in the OP."

The two entities are presented in a combined report format, which the filing states "eliminates duplicative disclosure and provides a more streamlined and readable presentation." Separate financial statements, Exhibit 31, and Exhibit 32 certifications are included for each registrant. The financial statements included in the filing are unaudited and cover the consolidated balance sheets as of September 30, 2026, and December 31, 2025, along with statements of income, comprehensive income, equity, and cash flows for the three and nine months ended September 30, 2026 and 2025.

What Was Disclosed

Prologis, Inc. and Prologis, L.P. filed a combined quarterly report for the period ended September 30, 2026, disclosing an outstanding share count of approximately 950,513,000 as of October 26, 2026, and a 98.03% general partnership interest held by Prologis, Inc. in Prologis, L.P.