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Prologis, Inc.

PLDPLDGP

Real Estate Investment Trusts

Last filing · Quarter 2 · Jun 30, 2026

Financial Statements Ratios

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USD ($) $ in Thousands, shares in Thousands	LTM	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Revenues:
Rental	$ 8,448,465	$ 8,158,904	$ 7,514,705	$ 6,818,542
Rental recoveries	-	-	-	-
Strategic capital	706,483	592,353	671,907	1,200,232
Development management and other	34,820	38,870	14,998	4,695
Total revenues	9,189,768	8,790,127	8,201,610	8,023,469
Expenses:
Rental	2,039,001	1,964,137	1,765,385	1,624,793
Strategic capital	322,302	270,517	291,856	385,542
General and administrative	504,058	469,114	418,765	390,406
Merger, acquisition and other integration expenses	-	-	-	-
Impairment of real estate properties	-	-	-	-
Depreciation and amortization	2,737,773	2,626,028	2,580,519	2,484,891
Other	54,963	46,029	47,044	53,354
Total expenses	5,658,097	5,375,825	5,103,569	4,938,986
Operating income before gains on real estate transactions, net	3,531,671	3,414,302	3,098,041	3,084,483
Gains on dispositions of development properties and land, net	591,982	257,731	413,743	462,270
Gains on other dispositions of investments in real estate, net	905,477	685,831	904,136	161,039
Operating income	5,029,130	4,357,864	4,415,920	3,707,792
Other income (expense):
Earnings from unconsolidated entities, net	467,706	402,531	353,623	307,227
Interest expense	(1,049,324)	(1,002,344)	(863,932)	(641,332)
Foreign currency, derivative and other gains (losses) and other income (expense), net	323,524	14,763	208,731	87,221
Impairment of goodwill and other assets	-	-	-	-
Interest and other income, net	-	-	-	-
Gains on real estate transactions, net	-	-	-	-
Foreign currency and derivative gains (losses), net	-	-	-	-
Gains (losses) on early extinguishment of debt, net	(5,419)	(3,498)	536	3,275
Total other income (expense)	(263,513)	(588,548)	(301,042)	(243,609)
Earnings before income taxes	4,765,617	3,769,316	4,114,878	3,464,183
Current income tax expense	-	-	-	-
Deferred income tax benefit	-	-	-	-
Income tax expense	293,373	204,017	166,943	211,038
Earnings from continuing operations	-	-	-	-
Discontinued operations:
Income attributable to disposed properties and assets held for sale	-	-	-	-
Net gains on dispositions, including taxes	-	-	-	-
Net gains on dispositions, including related impairment charges and taxes	-	-	-	-
Total discontinued operations	-	-	-	-
Consolidated net earnings	4,472,244	3,565,299	3,947,935	3,253,145
Less net earnings attributable to noncontrolling interests	264,028	237,068	216,300	193,931
Net earnings attributable to controlling interests	4,208,216	3,328,231	3,731,635	3,059,214
Less preferred stock/unit dividends/distributions	5,772	5,882	5,881	5,841
Less preferred stock dividends	-	-	-	-
Loss on preferred stock/unit repurchase	-	-	-	-
Net earnings attributable to common stockholders/unitholders	$ 4,202,444	$ 3,322,349	$ 3,725,754	$ 3,053,373
Weighted average common shares/units outstanding - Basic	932,175	928,473	926,172	924,351
Weighted average common shares/units outstanding - Diluted	957,654	956,832	953,590	951,791
Net earnings per share attributable to common stockholders/unitholders – Basic
Continuing operations	-	-	-	-
Discontinued operations	-	-	-	-
Net earnings per share/unit attributable to common stockholders/unitholders - Basic	4.52	3.58	4.02	3.3
Net earnings per share attributable to common stockholders/unitholders – Diluted
Continuing operations	-	-	-	-
Discontinued operations	-	-	-	-
Net earnings per share/unit attributable to common stockholders/unitholders - Diluted	4.49	3.56	4.01	3.29
Dividends or distributions per common share or unit	-	-	-	-