| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Consolidated net earnings | 2,083,084 | 1,261,824 | 639,520 | 2,605,759 |
| Straight-lined rents and amortization of above and below market leases | 530,691 | 368,162 | 180,361 | 470,289 |
| Equity-based compensation awards | 141,654 | 97,145 | 53,161 | 164,302 |
| Depreciation and amortization | 1,957,278 | 1,309,279 | 652,058 | 1,924,075 |
| Earnings from unconsolidated entities, net | 268,418 | 175,591 | 67,899 | 259,558 |
| Operating distributions from unconsolidated entities | 454,682 | 292,316 | 138,947 | 417,296 |
| Decrease (increase) in operating receivables from unconsolidated entities | -8,166 | -4,786 | -16,638 | -37,769 |
| Amortization of debt discounts and debt issuance costs, net | 64,450 | 42,757 | 20,835 | 58,446 |
| Gains on dispositions of development properties and land, net | 53,363 | 37,928 | 27,451 | 159,487 |
| Gains on other dispositions of investments in real estate, net | 116,078 | 83,843 | 36,799 | 651,306 |
| Unrealized foreign currency and derivative losses (gains), net | -155,348 | -193,333 | -55,465 | -61,188 |
| Losses (gains) on early extinguishment of debt, net | - | - | 0 | 536 |
| Deferred income tax expense (benefit) | -2,948 | 2,364 | 6,682 | 2,201 |
| Decrease (increase) in other assets | 127,522 | 40,264 | -22,982 | 209,901 |
| Increase (decrease) in accounts payable and accrued expenses and other liabilities | 84,556 | -95,546 | -133,025 | 56,799 |
| Net cash provided by (used in) operating activities | 3,850,198 | 2,402,470 | 1,160,753 | 3,576,758 |
| Real estate development | 1,958,714 | 1,331,268 | 776,184 | 2,376,890 |
| Real estate acquisitions | 1,246,417 | 1,153,666 | 779,664 | 1,820,308 |
| Tenant improvements and lease commissions on previously leased space | 413,577 | 275,365 | - | - |
| Duke transaction, net of cash acquired | - | - | - | 0 |
| Property improvements | 212,536 | 103,139 | - | - |
| Tenant improvements and lease commissions on previously leased space | - | - | 123,123 | 347,488 |
| Proceeds from dispositions and contributions of real estate | 340,944 | 256,395 | - | - |
| Property improvements | - | - | 34,367 | 248,868 |
| Investments in and advances to unconsolidated entities | 50,657 | 32,600 | - | - |
| Proceeds from dispositions and contributions of real estate | - | - | 157,013 | 1,788,924 |
| Return of investment from unconsolidated entities | 76,156 | 59,030 | - | - |
| Investments in and advances to unconsolidated entities | - | - | 27,352 | 479,897 |
| Proceeds from the settlement of net investment hedges | 4,852 | 4,852 | - | - |
| Return of investment from unconsolidated entities | - | - | 28,314 | 54,067 |
| Payments on the settlement of net investment hedges | 18,908 | 9,720 | - | - |
| Proceeds from the settlement of net investment hedges | - | - | 4,852 | 12,797 |
| Purchase of short-term investments | 176,715 | - | - | - |
| Payments on the settlement of net investment hedges | - | - | - | 1,350 |
| Net cash provided by (used in) investing activities | -3,655,572 | -2,585,481 | -1,550,511 | -3,419,013 |
| Dividends/distributions paid on common and preferred stock/units | 2,902,624 | 1,933,823 | 939,920 | 2,677,477 |
| Noncontrolling interests contributions | 59,216 | 26,473 | 13,234 | 21,245 |
| Noncontrolling interests distributions | 150,899 | 96,243 | 75,045 | 227,803 |
| Settlement of noncontrolling interests | 13,661 | 13,240 | 4,003 | 499 |
| Redemption of common limited partnership units | 6,313 | 4,707 | - | - |
| Tax paid with shares of the parent withheld | 18,757 | 15,415 | 15,416 | 26,893 |
| Debt and equity issuance costs paid | 30,706 | 25,340 | 2,648 | 28,965 |
| Net proceeds from (payments on) credit facilities and commercial paper | -27,937 | 262,600 | 299,224 | -334,164 |
| Repurchase of and payments on debt | 209,068 | 72,397 | 71,205 | 917,560 |
| Proceeds from the issuance of debt | 2,955,412 | 1,778,480 | 520,219 | 4,283,768 |
| Net cash provided by (used in) financing activities | -345,337 | -93,612 | -275,560 | 91,652 |
| Effect of foreign currency exchange rate changes on cash | 18,142 | 24,113 | 17,844 | 1,086 |
| Net increase (decrease) in cash and cash equivalents | -132,569 | -252,510 | -647,474 | 250,483 |
| Cash and cash equivalents at beginning of period | 1,318,591 | 1,318,591 | 1,318,591 | 530,388 |
| Cash and cash equivalents at end of period | 1,186,022 | 1,066,081 | 671,117 | 780,871 |
Prologis, Inc. (PLDGP)
Prologis, Inc. (PLDGP)