← Prologis, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $2.5b |
$2.6b
+3.36%
|
$2.8b
+7.12%
|
$3.3b
+18.76%
|
$4.4b
+33.27%
|
$4.8b
+7.23%
|
$6.0b
+25.51%
|
$8.0b
+34.31%
|
$8.2b
+2.22%
|
$8.8b
+7.18%
|
$9.2b
+4.55%
|
|
| General and Administrative Expense | $222.1m | $231.1m | $239.0m | $266.7m | $274.8m | $293.2m | $331.1m | $390.4m | $418.8m | $469.1m | $504.1m | |
| Operating Expenses | $1.9b | $1.8b | $2.0b | — | — | — | — | — | ($2.1b) | ($2.3b) | $3.3b | |
| Operating Income (Loss) | $668.4m |
$771.1m
+15.36%
|
$847.0m
+9.85%
|
$1.8b
+118.39%
|
$2.1b
+14.55%
|
$3.2b
+51.35%
|
$3.5b
+8.12%
|
$3.7b
+6.93%
|
$4.4b
+19.10%
|
$4.4b
-1.31%
|
$3.5b
-18.96%
|
|
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | $3.0m | $12.6m | — | — | — | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), Realized | — | — | — | $28.0m | ($6.0m) | ($8.0m) | $145.0m | $60.0m | $53.0m | — | — | |
| Other Nonoperating Income (Expense) | $8.1m | $13.7m | $14.7m | $24.2m | $1.0m | $871k | — | — | — | — | — | |
| Income (Loss) from Equity Method Investments | $206.3m | $248.6m | $298.3m | $200.2m | $297.4m | $404.3m | $310.9m | $307.2m | $353.6m | $402.5m | — | |
| Foreign currency, derivative and other gains (losses) and other income (expense), net | — | — | — | — | — | — | $241.6m | $87.2m | $208.7m | $14.8m | — | |
| Interest Expense (non-operating) | $303.1m | $274.5m | $229.1m | $240.0m | $314.5m | $266.2m | $309.0m | $641.3m | $863.9m | $1.0b | $1.0b | |
| Total other income (expense) | $678.7m | $1.0b | $1.0b | ($73.4m) | ($371.9m) | $115.9m | $223.3m | ($243.6m) | ($301.0m) | ($588.5m) | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | $719.0m | $1.2b | $1.1b | $981.2m | $1.0b | $2.2b | $2.4b | $2.9b | $3.6b | $3.5b | $4.8b | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $1.3b | $1.8b | $1.9b | $1.8b | $1.7b | $3.3b | $3.7b | $3.5b | $4.1b | $3.8b | $4.8b | |
| Current Income Tax Expense (Benefit) | — | — | — | — | — | — | — | — | $145.8m | $199.7m | $293.4m | |
| Income Tax Expense (Benefit) | $54.6m | $54.6m | $63.3m | $74.5m | $130.5m | $174.3m | $135.4m | $211.0m | $166.9m | $204.0m | $293.4m | |
| Consolidated net earnings | $1.3b | $1.8b | $1.8b | $1.7b | $1.6b | $3.1b | $3.6b | $3.3b | $3.9b | $3.6b | — | |
| Net earnings attributable to controlling interests | $1.2b | $1.7b | $1.6b | $1.6b | $1.5b | $2.9b | $3.4b | $3.1b | $3.7b | $3.3b | — | |
| Net earnings attributable to common stockholders/unitholders | $1.2b | $1.6b | $1.6b | $1.6b | $1.5b | $2.9b | $3.4b | $3.1b | $3.7b | $3.3b | — | |
| Net Income (Loss) Attributable to Parent | $1.2b |
$1.7b
+36.56%
|
$1.6b
-0.18%
|
$1.6b
-4.63%
|
$1.5b
-5.79%
|
$2.9b
+98.39%
|
$3.4b
+14.46%
|
$3.1b
-9.08%
|
$3.7b
+21.98%
|
$3.3b
-10.81%
|
$4.2b
+26.27%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | $1.2b |
$1.6b
+36.46%
|
$1.6b
+0.09%
|
$1.6b
-4.65%
|
$1.5b
-5.99%
|
$2.9b
+99.14%
|
$3.4b
+14.50%
|
$3.1b
-9.09%
|
$3.7b
+22.02%
|
$3.3b
-10.83%
|
$4.2b
+26.49%
|
|
| Less net earnings attributable to noncontrolling interests | $82.6m | $108.6m | $173.6m | $128.9m | $134.8m | $208.9m | $190.5m | $193.9m | $216.3m | $237.1m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $82.6m | $108.6m | $173.6m | $128.9m | $134.8m | $208.9m | $190.5m | $193.9m | $216.3m | $237.1m | $4.2b | |
| Preferred Stock Dividends, Income Statement Impact | $7 | $6 | $6 | $6 | $6 | $6 | $6 | $6 | $6 | $6 | $5.8m | |
| Earnings Per Share, Basic | $2.29 | $3.10 | $2.90 | $2.48 | $2.02 | $3.97 | $4.28 | $3.30 | $4.02 | $3.58 | $4.52 | |
| Earnings Per Share, Diluted | $2.27 | $3.06 | $2.87 | $2.46 | $2.01 | $3.94 | $4.25 | $3.29 | $4.01 | $3.56 | $4.49 | |
| Common Stock, Dividends, Per Share, Declared | $0.15 | $0.01 | $0.03 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.01 | $0.03 | — | |
| Weighted Average Number of Shares Outstanding, Basic | 526.1m | 530.4m | 567.4m | 630.6m | 728.3m | 739.4m | 785.7m | 924.4m | 926.2m | 928.5m | 930.6m | |
| Weighted average common shares/units outstanding - Basic | 526.1m | 530.4m | 567.4m | 630.6m | 728.3m | 739.4m | 785.7m | 924.4m | 926.2m | 928.5m | — | |
| Weighted average common shares/units outstanding - Diluted | 546.7m | 552.3m | 590.2m | 654.9m | 754.4m | 764.8m | 811.6m | 951.8m | 953.6m | 956.8m | — | |
| Weighted Average Number of Shares Outstanding, Diluted | 546.7m | 552.3m | 590.2m | 654.9m | 754.4m | 764.8m | 811.6m | 951.8m | 953.6m | 956.8m | 957.9m | |
| Additional Financial Items | ||||||||||||
| Direct Costs of Leased and Rented Property or Equipment | $568.9m | $569.5m | $600.6m | $734.3m | $952.1m | $1.0b | $1.2b | $1.6b | $1.8b | $2.0b | — | |
| Other Cost and Expense, Operating | $14.3m | $12.2m | $13.6m | $13.1m | $30.0m | $22.4m | $40.3m | $53.4m | $47.0m | $46.0m | — | |
| Rental | $568.9m | $569.5m | $600.6m | $734.3m | $952.1m | $1.0b | $1.2b | $1.6b | $1.8b | $2.0b | — | |
| Strategic capital | $128.5m | $155.1m | $157.0m | $184.7m | $218.0m | $207.2m | $303.4m | $385.5m | $291.9m | $270.5m | — | |
| Development management and other | $18.2m | $19.1m | $9.4m | $6.9m | $10.6m | $20.7m | $20.9m | $4.7m | $15.0m | $38.9m | — | |
| Depreciation and amortization | $931.0m | $879.1m | $947.2m | $1.1b | $1.6b | $1.6b | $1.8b | $2.5b | $2.6b | $2.6b | $2.7b | |
| Gains on dispositions of development properties and land, net | — | $327.5m | $469.8m | $467.6m | $464.9m | $817.0m | $597.7m | $462.3m | $413.7m | $257.7m | — | |
| Gains on other dispositions of investments in real estate, net | — | $855.4m | $371.2m | $390.2m | $252.2m | $772.6m | $589.4m | $161.0m | $904.1m | $685.8m | — | |
| Earnings from unconsolidated entities, net | $206.3m | $248.6m | $298.3m | $200.2m | $297.4m | $404.3m | $310.9m | $307.2m | $353.6m | $402.5m | — | |
| Gains (losses) on early extinguishment of debt, net | $2.5m | ($68.4m) | ($2.6m) | ($16.1m) | ($188.3m) | ($187.5m) | ($20.2m) | $3.3m | $536k | ($3.5m) | — | |
| Less preferred stock/unit dividends/distributions | $7 | $6 | $6 | $6 | $6 | $6 | $6 | $6 | $6 | $6 | — | |
| Loss on preferred stock/unit repurchase | $0 | $3.9m | $0 | $0 | $2.3m | $0 | $0 | — | — | — | — | |
| Total expenses | $1.9b | $1.8b | $2.0b | $2.3b | $3.0b | $3.1b | $3.7b | $4.9b | $5.1b | $5.4b | $5.7b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.