For the year ending 2025-12-31, PLD made $8,790,127K in revenue. $3,322,349K in net income. Net profit margin of 37.80%.
| Income Statement | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Total revenues | 8,790,127 | 8,201,610 | 8,023,469 | 5,973,692 |
| Rental | 1,964,137 | 1,765,385 | 1,624,793 | 1,205,738 |
| Strategic capital | 270,517 | 291,856 | 385,542 | 303,356 |
| General and administrative | 469,114 | 418,765 | 390,406 | 331,083 |
| Depreciation and amortization | 2,626,028 | 2,580,519 | 2,484,891 | 1,812,777 |
| Other | 46,029 | 47,044 | 53,354 | 40,336 |
| Total expenses | 5,375,825 | 5,103,569 | 4,938,986 | 3,693,290 |
| Operating income before gains on real estate transactions, net | 3,414,302 | 3,098,041 | 3,084,483 | 2,280,402 |
| Gains on dispositions of development properties and land, net | 257,731 | 413,743 | 462,270 | 597,745 |
| Gains on other dispositions of investments in real estate, net | 685,831 | 904,136 | 161,039 | 589,391 |
| Operating income | 4,357,864 | 4,415,920 | 3,707,792 | 3,467,538 |
| Earnings from unconsolidated entities, net | 402,531 | 353,623 | 307,227 | 310,872 |
| Interest expense | 1,002,344 | 863,932 | 641,332 | 309,037 |
| Foreign currency and derivative gains (losses) and other income (expense), net | - | - | - | 241,621 |
| Foreign currency, derivative and other gains and other income, net | - | - | 87,221 | - |
| Foreign currency, derivative and other gains (losses) and other income (expense), net | 14,763 | 208,731 | - | - |
| Gains (losses) on early extinguishment of debt, net | -3,498 | 536 | 3,275 | -20,184 |
| Total other income (expense) | -588,548 | -301,042 | -243,609 | 223,272 |
| Earnings before income taxes | 3,769,316 | 4,114,878 | 3,464,183 | 3,690,810 |
| Income tax expense | 204,017 | 166,943 | 211,038 | 135,412 |
| Consolidated net earnings | 3,565,299 | 3,947,935 | 3,253,145 | 3,555,398 |
| Less net earnings attributable to noncontrolling interests | 237,068 | 216,300 | 193,931 | 190,542 |
| Net earnings attributable to controlling interests | 3,328,231 | 3,731,635 | 3,059,214 | 3,364,856 |
| Less preferred stock/unit dividends/distributions | 5,882 | 5,881 | 5,841 | 6,060 |
| Loss on preferred stock/unit repurchase | - | - | - | 0 |
| Net earnings attributable to common stockholders/unitholders | 3,322,349 | 3,725,754 | 3,053,373 | 3,358,796 |
| Earnings per share, basic | 3.58 | 4.02 | 3.3 | 4.28 |
| Earnings per share, diluted | 3.56 | 4.01 | 3.29 | 4.25 |
| Weighted average number of shares outstanding, basic | 928,473,000 | 926,172,000 | 924,351,000 | 785,675,000 |
| Weighted average number of shares outstanding, diluted | 956,832,000 | 953,590,000 | 951,791,000 | 811,608,000 |
Prologis, Inc. (PLD)
Prologis, Inc. (PLD)