Consolidated net earnings increased to $1,044.8 million for Q1 2026, up from $639.5 million in Q1 2025. Net earnings attributable to common stockholders rose to $980.5 million ($1.05 per diluted share) from $591.5 million ($0.63 per diluted share) year-over-year. Total revenues grew to $2,297.7 million in Q1 2026 from $2,139.7 million in Q1 2025. Operating income significantly increased to $1,211.1 million from $878.4 million. Gains on dispositions of development properties and land, net, were $293.0 million, a substantial increase from $27.5 million in Q1 2025. Gains on other dispositions of investments in real estate, net, were $91.0 million, up from $36.8 million. FFO, as modified by Prologis, increased to $1,721 million from $1,384 million. Core FFO increased to $1,440 million from $1,356 million. Occupancy in the O&M operating portfolio was 95.3% at March 31, 2026. Rent change on rollover for the O&M portfolio was 31.9% (net effective rent). Total available liquidity was $6.7 billion at March 31, 2026. Commenced $1.6 billion of Total Expected Investment (TEI) in consolidated development projects, including $1.3 billion in data centers. Formed three new co-investment ventures in Q1 2026: two development vehicles in the U.S. and one acquisition vehicle in Asia.