Skip NavigationMarketsBusinessInvestingTechPoliticsVideoWatchlistInvesting Club
PRO
LivestreamMenu
- Prologis CEO Dan Letter said data centers represent “one of the largest value creation opportunities” in the company’s history as hyperscalers race to build AI infrastructure.
- The company has already energized 5.6 gigawatts of power across its data center pipeline and started $1.3 billion of data center build-to-suit projects.
watch nowVIDEO01:28Prologis CEO: We built our business around the economyMad Money with Jim Cramer
Prologis CEO Dan Letter said the company’s growing data center business represents one of its biggest opportunities yet as demand for AI infrastructure accelerates.
“I see data centers as one of the largest value creation opportunities in the company’s history,” Letter said on CNBC’s “Mad Money” on Wednesday.
Best known as a logistics real estate investment trust, Prologis is increasingly positioning itself as an AI infrastructure play. Letter said the company’s years-long effort to assemble land and power near major population centers is paying off as hyperscalers race to build data centers, helping drive the stock roughly 30% higher over the past year.
The company has already energized 5.6 gigawatts of power across its data center pipeline and Letter sees substantial room for expansion.
“There’s a lot more gigawatts behind the 5.6 we’re talking about now,” Letter said.
Customer demand is already translating into projects, according to Letter, who took over as CEO on January 1, 2026. In the first quarter, Prologis started $2.1 billion of new developments, including $1.3 billion of data center build-to-suit projects.
“The depth of customer interest for our data center offerings is significant,” Letter said on the company’s earnings call in April. “We believe our ability to bring together land, power and development expertise is a key differentiator.”
Prologis has also turned its vast real estate footprint into a growing energy business, generating roughly 1.3 gigawatts of power through solar and storage projects across its properties.
“We’ve been putting solar on our roofs for over 20 years,” Letter said. “We decided about five years ago to stop doing it as a hobby and make it a business.”
watch nowVIDEO07:35Prologis CEO Dan Letter sits down with Jim CramerMad Money with Jim Cramer
Sign up now for the CNBC Investing Club to follow Jim Cramer’s every move in the market.
Questions for Cramer?
Call Cramer: 1-800-743-CNBC
Want to take a deep dive into Cramer’s world? Hit him up!
Mad Money Twitter – Jim Cramer Twitter – Facebook – Instagram
Questions, comments, suggestions for the “Mad Money” website? madcap@cnbc.com
About The Author
