Prologis Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Property Revenue	8,297	8,159	7,515	6,819	4,913	4,148
Service and Other Revenue	651.46	631.22	686.91	1,205	1,061	611.45
Revenue	8,948	8,790	8,202	8,023	5,974	4,759
Revenue Growth (YoY)	6.72%	7.18%	2.22%	34.31%	25.51%	7.22%
Property Expenses	1,996	1,964	1,765	1,625	1,206	1,041
Service and Other Expenses	291.63	270.52	291.86	385.54	303.36	207.17
Total Property Expenses	2,288	2,235	2,057	2,010	1,509	1,248
Gross Profit	6,660	6,555	6,144	6,013	4,465	3,511
Selling, General & Admin	481.3	469.11	418.77	390.41	331.08	293.17
Depreciation & Amortization Expenses	2,705	2,626	2,581	2,485	1,813	1,578
Other Operating Expenses	46.5	46.03	47.04	53.35	40.34	22.44
Operating Income	3,427	3,414	3,098	3,084	2,280	1,617
Net Gains on Disposal of Properties	1,263	943.56	1,318	623.31	1,187	1,590
Interest Income	427.93	402.53	353.62	307.23	310.87	404.26
Interest Expense	-1,025	-1,002	-863.93	-641.33	-309.04	-266.23
Other Non-Operating Income (Expense)	85.64	11.27	209.27	90.5	221.44	-22.18
Total Non-Operating Income (Expense)	752.03	355.01	1,017	379.7	1,410	1,705
Pretax Income	4,179	3,769	4,115	3,464	3,691	3,323
Provision for Income Taxes	208.61	204.02	166.94	211.04	135.41	174.26
Net Income	3,711	3,322	3,726	3,053	3,359	2,934
Minority Interest in Earnings	253.34	237.07	216.3	193.93	190.54	208.87
Net Income Attributable to Preferred Dividends	5.93	5.88	5.88	5.84	6.06	6.15
Net Income to Common	3,711	3,322	3,726	3,053	3,359	2,934
Net Income Growth	-0.58%	-10.83%	22.02%	-9.09%	14.49%	99.14%
Shares Outstanding (Basic)	930	928	926	924	786	739
Shares Outstanding (Diluted)	957	957	954	952	812	765
Shares Change (YoY)	0.29%	0.34%	0.19%	17.27%	6.13%	1.37%
EPS (Basic)	3.98	3.58	4.02	3.30	4.28	3.97
EPS (Diluted)	3.97	3.56	4.01	3.29	4.25	3.94
EPS Growth	-0.75%	-11.22%	21.88%	-22.59%	7.87%	96.02%
Shares Outstanding	932.28	929.15	926.28	924.39	923.14	739.83
Free Cash Flow	240.42	-462.91	-1,508	-2,914	-2,035	-2,463
Free Cash Flow Per Share	0.25	-0.48	-1.58	-3.06	-2.51	-3.22
Dividends Per Share	4.100	4.040	3.840	3.480	3.160	2.520
Dividend Growth	1.49%	5.21%	10.35%	10.13%	25.40%	8.62%
Gross Margin	74.43%	74.58%	74.92%	74.94%	74.74%	73.77%
Operating Margin	38.30%	38.84%	37.77%	38.44%	38.17%	33.98%
Profit Margin	44.37%	40.56%	48.14%	40.55%	59.52%	66.15%
FCF Margin	2.69%	-5.27%	-18.39%	-36.31%	-34.06%	-51.76%
EBITDA	6,133	6,040	5,679	5,569	4,093	3,195
EBITDA Margin	68.54%	68.72%	69.24%	69.41%	68.52%	67.14%
EBIT	3,427	3,414	3,098	3,084	2,280	1,617
EBIT Margin	38.30%	38.84%	37.77%	38.44%	38.17%	33.98%
Effective Tax Rate	4.99%	5.41%	4.06%	6.09%	3.67%	5.24%

Updated Apr 30, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

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