Prologis Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	8,159	7,515	6,819	4,913	4,148
Property Management Fees	38.87	15	4.7	20.94	20.7
Other Revenue	994.88	1,026	1,507	1,350	995.01
Total Revenue	9,193	8,555	8,331	6,285	5,164
Revenue Growth (YoY	7.45%	2.70%	32.56%	21.71%	9.03%
Property Expenses	2,235	2,057	2,010	1,509	1,248
Selling, General & Administrative	469.11	418.77	390.41	331.08	293.17
Depreciation & Amortization	2,626	2,581	2,485	1,813	1,578
Other Operating Expenses	46.03	47.04	53.35	40.34	22.44
Total Operating Expenses	5,376	5,104	4,939	3,693	3,142
Operating Income	3,817	3,452	3,392	2,591	2,022
Interest Expense	-1,002	-863.93	-641.33	-309.04	-266.23
Currency Exchange Gain (Loss)	-127	140	-21	-	165.28
Other Non-Operating Income	141.76	68.73	108.22	241.62	-
EBT Excluding Unusual Items	2,829	2,796	2,838	2,524	1,921
Gain (Loss) on Sale of Assets	943.56	1,318	623.31	1,187	1,590
Other Unusual Items	-3.5	0.54	3.28	-20.18	-187.45
Pretax Income	3,769	4,115	3,464	3,691	3,323
Income Tax Expense	204.02	166.94	211.04	135.41	174.26
Earnings From Continuing Operations	3,565	3,948	3,253	3,555	3,149
Minority Interest in Earnings	-237.07	-216.3	-193.93	-190.54	-208.87
Net Income	3,328	3,732	3,059	3,365	2,940
Preferred Dividends & Other Adjustments	5.88	5.88	5.84	6.06	6.15
Net Income to Common	3,322	3,726	3,053	3,359	2,934
Net Income Growth	-10.81%	21.98%	-9.08%	14.46%	98.39%
Basic Shares Outstanding	928	926	924	786	739
Diluted Shares Outstanding	957	954	952	812	765
Shares Change (YoY)	0.34%	0.19%	17.27%	6.13%	1.37%
EPS (Basic)	3.58	4.02	3.30	4.28	3.97
EPS (Diluted)	3.56	4.01	3.29	4.25	3.94
EPS Growth	-11.18%	21.76%	-22.63%	7.83%	96.35%
Dividend Per Share	4.040	3.840	3.480	3.160	2.520
Dividend Growth	5.21%	10.35%	10.13%	25.40%	8.62%
Operating Margin	41.52%	40.35%	40.71%	41.23%	39.15%
Profit Margin	36.14%	43.55%	36.65%	53.45%	56.81%
EBITDA	6,443	6,032	5,877	4,404	3,600
EBITDA Margin	70.09%	70.51%	70.54%	70.08%	69.71%
D&A For Ebitda	2,626	2,581	2,485	1,813	1,578
EBIT	3,817	3,452	3,392	2,591	2,022
EBIT Margin	41.52%	40.35%	40.71%	41.23%	39.15%
Funds From Operations (FFO)	5,680	5,795	-	-	-
FFO Per Share	5.94	6.08	-	-	-
Adjusted Funds From Operations (AFFO)	4,335	4,422	-	-	-
AFFO Per Share	4.53	4.64	-	-	-
Effective Tax Rate	5.41%	4.06%	6.09%	3.67%	5.24%
Revenue as Reported	8,790	8,202	8,023	5,974	4,759

Updated Jan 21, 2026. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

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