Company research
Prologis, Inc.
CIK 1045609Updated Sep 24, 2026
PLD price & chart
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NYSE:PLD on TradingView ↗About the company
The world runs on logistics. At Prologis, we don’t just lead the industry, we define it. We create the intelligent infrastructure that powers global commerce, seamlessly connecting the digital and physical worlds. From agile supply chains to clean energy solutions, our ecosystems help your business move faster, operate smarter and grow sustainably. With unmatched scale, innovation and expertise, Prologis is a category of one - not just shaping the future of logistics but building what comes next. Learn more at Prologis.com.
In the news
PROLOGIS ANNOUNCES PRICING OF COMMON STOCK OFFERING ↗
Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 98,724,256,000Source | 95,328,909,000Source | 93,020,840,000Source | 87,897,448,000Source |
| Property, Plant and Equipment, NetUSD | 221,704,000Source | 212,318,000Source | 208,030,000Source | 119,897,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 1,145,647,000Source | 1,318,591,000Source | 530,388,000Source | 278,483,000Source |
| Accounts Receivable | — | — | — | — |
| Operating Lease, Right-of-Use AssetUSD | 671,663,000Source | 707,814,000Source | 683,707,000Source | 735,430,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 40,970,248,000Source | 36,712,139,000Source | 35,197,120,000Source | 30,034,355,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 63,948,000Source | 63,948,000Source | 63,948,000Source | 63,948,000Source |
| Common Stock, Value, IssuedUSD | 9,292,000Source | 9,263,000Source | 9,244,000Source | 9,231,000Source |
| Additional Paid in CapitalUSD | 54,698,641,000Source | 54,464,055,000Source | 54,249,801,000Source | 54,065,407,000Source |
| Retained Earnings (Accumulated Deficit)USD | -902,427,000Source | -465,913,000Source | -627,068,000Source | -457,695,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -676,276,000Source | -120,215,000Source | -514,201,000Source | -443,609,000Source |
| Stockholders' Equity Attributable to ParentUSD | 53,193,178,000Source | 53,951,138,000Source | 53,181,724,000Source | 53,237,282,000Source |
| Liabilities and EquityUSD | 98,724,256,000Source | 95,328,909,000Source | 93,020,840,000Source | — |
| Deferred Income Tax Liabilities, NetUSD | 156,024,000Source | 141,126,000Source | 118,682,000Source | 99,757,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 4,560,830,000Source | 4,665,632,000Source | 4,641,996,000Source | 4,625,811,000Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 148,338,000Source | 137,869,000Source | 117,451,000Source | 94,025,000Source |
| Long-term DebtUSD | 35,037,073,000Source | 30,879,263,000Source | 29,000,501,000Source | 23,875,961,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 3,565,299,000Source | 3,947,935,000Source | 3,253,145,000Source | 3,555,398,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 185,466,000Source | 231,747,000Source | 267,648,000Source | 175,356,000Source |
| Deferred Income Tax Expense (Benefit)USD | 4,309,000Source | 21,161,000Source | 17,708,000Source | 12,638,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 5,008,434,000Source | 4,912,209,000Source | 5,373,058,000Source | 4,126,430,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 0Source | 0Source | 33,009,000Source | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -3,630,447,000Source | -3,099,057,000Source | -6,419,397,000Source | -4,499,057,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 23,947,000Source | 30,526,000Source | 24,536,000Source | 27,688,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -1,563,619,000Source | -999,957,000Source | 1,320,282,000Source | 115,789,000Source |
| Dividends paid | — | — | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -172,944,000Source | 788,203,000Source | 251,905,000Source | -277,634,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 842,257,000Source | 710,754,000Source | 457,021,000Source | 234,131,000Source |
| Income Taxes Paid, NetUSD | 142,700,000Source | 129,900,000Source | 149,100,000Source | 130,000,000Source |
| Additional Financial Items | ||||
| Amortization of Debt Issuance CostsUSD | 30,085,000Source | 26,636,000Source | 22,609,000Source | 17,134,000Source |
| Amortization of Debt Issuance Costs and DiscountsUSD | 85,647,000Source | 78,885,000Source | 74,589,000Source | 23,736,000Source |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | — | 53,000,000Source | 60,000,000Source | 145,000,000Source |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | -125,656,000Source | 67,335,000Source | -71,627,000Source | 92,201,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | -3,498,000Source | 536,000Source | 3,275,000Source | -20,184,000Source |
| General and Administrative ExpenseUSD | 469,114,000Source | 418,765,000Source | 390,406,000Source | 331,083,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | 402,531,000Source | 353,623,000Source | 307,227,000Source | 310,872,000Source |
| Income Tax Expense (Benefit)USD | 204,017,000Source | 166,943,000Source | 211,038,000Source | 135,412,000Source |
| InterestExpenseNonoperatingUSD | 1,002,344,000Source | 863,932,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | 3,328,231,000Source | 3,731,635,000Source | 3,059,214,000Source | 3,364,856,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 237,068,000Source | 216,300,000Source | 193,931,000Source | 190,542,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 3,322,349,000Source | 3,725,754,000Source | 3,053,373,000Source | 3,358,796,000Source |
| Nonoperating Income (Expense)USD | -588,548,000Source | -301,042,000Source | -243,609,000Source | 223,272,000Source |
| Operating ExpensesUSD | -2,280,683,000Source | -2,104,285,000Source | — | — |
| Proceeds from Noncontrolling InterestsUSD | 70,612,000Source | 73,094,000Source | 21,107,000Source | 13,295,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 8,790,127,000Source | 8,201,610,000Source | 8,023,469,000Source | 5,973,692,000Source |
| Operating Income (Loss)USD | 4,357,864,000Source | 4,415,920,000Source | 3,707,792,000Source | 3,467,538,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 3,769,316,000Source | 4,114,878,000Source | 3,464,183,000Source | 3,690,810,000Source |
| Income Tax Expense (Benefit)USD | 204,017,000Source | 166,943,000Source | 211,038,000Source | 135,412,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 237,068,000Source | 216,300,000Source | 193,931,000Source | 190,542,000Source |
| Net Income (Loss) Attributable to ParentUSD | 3,328,231,000Source | 3,731,635,000Source | 3,059,214,000Source | 3,364,856,000Source |
| Earnings Per Share, BasicUSD per share | 3.58Source | 4.02Source | 3.3Source | 4.28Source |
| Earnings Per Share, DilutedUSD per share | 3.56Source | 4.01Source | 3.29Source | 4.25Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 928,473,000Source | 926,172,000Source | 924,351,000Source | 785,675,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 956,832,000Source | 953,590,000Source | 951,791,000Source | 811,608,000Source |
| Interest Expense (non-operating)USD | 1,002,344,000Source | 863,932,000Source | — | — |
| Additional Financial Items | ||||
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 0.03Source | 0.01Source | 0Source | 0.02Source |
| Current Income Tax Expense (Benefit)USD | 199,708,000Source | 145,782,000Source | — | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | 2,626,028,000Source | 2,580,519,000Source | 2,484,891,000Source | 1,812,777,000Source |
| Direct Costs of Leased and Rented Property or EquipmentUSD | 1,964,137,000Source | 1,765,385,000Source | 1,624,793,000Source | 1,205,738,000Source |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | — | 53,000,000Source | 60,000,000Source | 145,000,000Source |
| General and Administrative ExpenseUSD | 469,114,000Source | 418,765,000Source | 390,406,000Source | 331,083,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 3,539,450,000Source | 3,595,449,000Source | 2,891,644,000Source | 2,423,809,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | 402,531,000Source | 353,623,000Source | 307,227,000Source | 310,872,000Source |
| Interest ExpenseUSD | 1,002,344,000Source | 863,932,000Source | 641,332,000Source | 309,037,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 3,322,349,000Source | 3,725,754,000Source | 3,053,373,000Source | 3,358,796,000Source |
| Nonoperating Income (Expense)USD | -588,548,000Source | -301,042,000Source | -243,609,000Source | 223,272,000Source |
| Operating ExpensesUSD | -2,280,683,000Source | -2,104,285,000Source | — | — |
| Other Cost and Expense, OperatingUSD | 46,029,000Source | 47,044,000Source | 53,354,000Source | 40,336,000Source |
| Preferred Stock Dividends, Income Statement ImpactUSD | 5,882,000Source | 5,881,000Source | 5,841,000Source | 6,060,000Source |
Filing attachments
pld-ex99_1.htm · 8-K · 2026-01-21
EX-99.1 2 pld-ex99_1.htm EX-99.1 Prologis Supplemental Information FOURTH QUARTER 2025 Unaudited Prologis Park Bottrop, Bottrop, Germany Contents Highlights 3 Company Profile 5 Company Performance 7 Prologis Leading Indicators and Proprietary Metrics 8 Guidance Financial Information 9 Consolidated Balance Sheets 10 Consolidated Statements of Income 11 Reconciliations of Net Earnings to FFO 12 Reconciliations of Net Earnings to Adjusted EBITDA Operations 13 Overview 14 Operating Metrics 16 O…
Read attachment ↗pld-ex99_2.htm · 8-K · 2026-01-21
EX-99.2 3 pld-ex99_2.htm EX-99.2 EX-99.2 FOR IMMEDIATE RELEASE Prologis Reports Fourth Quarter and Full Year 2025 Results Record 228 million square feet of leases signed in 2025 Further expands power capacity to support data center growth SAN FRANCISCO (January 21, 2026) - Prologis, Inc. (NYSE: PLD) today announced the following results for the quarter and fiscal year ended December 31, 2025: • Net earnings per diluted share was $1.49 for the quarter and $3.56 for the year compared wit…
Read attachment ↗tm2528964d4_ex4-1.htm · 8-K · 2025-10-27
EX-4.1 3 tm2528964d4_ex4-1.htm EXHIBIT 4.1 Exhibit 4.1 PROLOGIS, L.P. OFFICERS’ CERTIFICATE October 27, 2025 The undersigned officers of Prologis, Inc. (“Prologis, Inc.”), general partner of Prologis, L.P. (the “Company”), on behalf of the Company, acting pursuant to resolutions adopted by the Board of Directors of Prologis, Inc. (the “Board”) on May 8, 2025 and the Securities Offering Transaction Committee of the Board on October 20, 2025, hereby establish a series of debt securities by…
Read attachment ↗tm2528964d4_ex4-2.htm · 8-K · 2025-10-27
EX-4.2 4 tm2528964d4_ex4-2.htm EXHIBIT 4.2 Exhibit 4.2 UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF CDS CLEARING AND DEPOSITORY SERVICES INC. (“CDS”) TO PROLOGIS, L.P. (THE “COMPANY”) OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF CDS & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF CDS (AND ANY PAYMENT IS MADE TO CDS & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN…
Read attachment ↗pld-ex99_1.htm · 8-K · 2025-10-15
EX-99.1 2 pld-ex99_1.htm EX-99.1 Prologis Supplemental Information THIRD QUARTER 2025 Unaudited Prologis Apex Park, Daventry, United Kingdom Contents Highlights 3 Company Profile 5 Company Performance 7 Prologis Leading Indicators and Proprietary Metrics 8 Guidance Financial Information 9 Consolidated Balance Sheets 10 Consolidated Statements of Income 11 Reconciliations of Net Earnings to FFO 12 Reconciliations of Net Earnings to Adjusted EBITDA Operations 13 Overview 14 Operating Metrics …
Read attachment ↗pld-ex99_2.htm · 8-K · 2025-10-15
EX-99.2 3 pld-ex99_2.htm EX-99.2 EX-99.2 FOR IMMEDIATE RELEASE Prologis Reports Third Quarter 2025 Results Record 62 million square feet of lease signings Expands power capacity to support data center growth SAN FRANCISCO (October 15, 2025) - Prologis, Inc. (NYSE: PLD) today announced the following results for the quarter ended September 30, 2025, as compared to the corresponding period in 2024: • Net earnings per diluted share was $0.82 and decreased 24.1%. • Core funds from operatio…
Read attachment ↗