Prologis, Inc. (PLD) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.419 Greetings and welcome to the Prologis Q1 2026 earnings 00:00:05.419 -- 00:00:10.526 conference call. At this time, all participants are in a listen-only mode. 00:00:10.526 -- 00:00:14.051 The question and answer session will follow the formal presentation. 00:00:14.051 -- 00:00:18.738 If anyone should require operator assistance, please press star zero on your telephone 00:00:18.738 -- 00:00:23.425 keypad. As a reminder, this conference is being recorded. 00:00:23.425 -- 00:00:28.572 It is now my pleasure to introduce Justin Meng, Senior Vice President, Head of Investor 00:00:28.572 -- 00:00:31.630 Relations. Thank you. You may begin. 00:00:31.630 -- 00:00:34.115 Thank you, Operator, and good morning, everyone. 00:00:34.115 -- 00:00:38.164 Welcome to our first quarter 2026 earnings conference call. 00:00:38.164 -- 00:00:43.637 Joining us today are Dan Letter, CEO, Tim Arndt, CFO, and Chris Keaton, 00:00:43.637 -- 00:00:48.007 Managing Director. I'd like to note that this call will contain forward-looking statements 00:00:48.007 -- 00:00:51.932 within the meaning of federal securities laws and including statements regarding our 00:00:51.932 -- 00:00:55.277 outlook, expectations, and future performance. 00:00:55.277 -- 00:00:59.503 These statements are based on the current assumptions and are subject to risks and uncertainties 00:00:59.503 -- 00:01:03.288 that could cause actual results to differ materially. 00:01:03.288 -- 00:01:07.295 Please refer to our SEC filings for a discussion of these risks. 00:01:07.295 -- 00:01:11.080 We undertake no obligation to update any forward-looking statements. 00:01:11.080 -- 00:01:15.845 Additionally, during this call, we will discuss certain financial measures, such as FFO 00:01:15.845 -- 00:01:...