PrologisPLDEarnings & Financial Report
Prologis, Inc. is a real estate investment trust headquartered in San Francisco, California that invests in logistics facilities. The company was formed through the merger of AMB Property Corporation and Prologis in June 2011, which made Prologis the largest industrial real estate company in the world. As of 2025, the company operates more than 15,000 land acres and over 6,000 buildings comprising about 1.
Revenue
$2.1B
Gross Profit
N/A
Operating Profit
$878.4M
Net Profit
$593.0M
Gross Margin
N/A
Operating Margin
41.1%
Net Margin
27.7%
YoY Growth
9.4%
EPS
$0.63
Prologis Q1 FY2025 Financial Summary
Prologis reported revenue of $2.1B (up 9.4% YoY) for Q1 FY2025, with a net profit of $593.0M (up 1.2% YoY) (27.7% margin).
Key Financial Metrics
| Total Revenue | $2.1B |
|---|---|
| Net Profit | $593.0M |
| Gross Margin | N/A |
| Operating Margin | 41.1% |
| Report Period | Q1 FY2025 |
Revenue Breakdown
Prologis Q1 FY2025 revenue of $2.1B breaks down across 4 segments, led by Real Estate Operations Segment at $1.9B (89.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Real Estate Operations Segment | $1.9B | 89.4% |
| Unconsolidated Co Investment Ventures | $122.7M | 5.7% |
| Other | $54.7M | 2.6% |
| Strategic Capital Segment | $48.4M | 2.3% |
Prologis Revenue by Segment — Quarterly Trend
Prologis revenue by segment across the last 4 reported quarters, showing how each business line (such as Real Estate Operations Segment and Unconsolidated Co Investment Ventures) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Real Estate Operations Segment | $2.0B | $2.0B | $1.9B | $1.9B |
| Unconsolidated Co Investment Ventures | $131.7M | $130.4M | $130.8M | $122.7M |
| Other | $82.6M | $72.8M | $62.8M | $54.7M |
| Strategic Capital Segment | $49.9M | $51.0M | $49.7M | $48.4M |
Prologis Annual Revenue by Year
Prologis annual revenue history includes year-by-year totals (for example, 2025 revenue was $8.8B).
| Year | Annual Revenue |
|---|---|
| 2025 | $8.8B |
| 2024 | $8.2B |
| 2023 | $8.0B |
| 2022 | $6.0B |
Prologis Quarterly Revenue & Net Profit History
Prologis results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $2.3B | +2.4% | $1.4B | 62.1% |
| Q3 FY2025 | $2.2B | +8.7% | $764.3M | 34.5% |
| Q2 FY2025 | $2.2B | +8.8% | $571.2M | 26.2% |
| Q1 FY2025 | $2.1B | +9.4% | $593.0M | 27.7% |
| Q4 FY2024 | $2.2B | +16.5% | $1.3B | 58.1% |
| Q3 FY2024 | $2.0B | +6.4% | $1.0B | 49.4% |
| Q2 FY2024 | $2.0B | -18.1% | $861.3M | 42.9% |
| Q1 FY2024 | $2.0B | +10.6% | $585.7M | 29.9% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.96B | $2.01B | $2.04B | $2.20B | $2.14B | $2.18B | $2.21B | $2.25B |
| YoY Growth | 10.6% | -18.1% | 6.4% | 16.5% | 9.4% | 8.8% | 8.7% | 2.4% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $93.31B | $93.54B | $95.91B | $95.33B | $95.99B | $97.72B | $98.34B | $98.72B |
| Liabilities | $35.51B | $35.61B | $38.24B | $36.71B | $37.92B | $40.41B | $41.13B | $40.97B |
| Equity | $53.19B | $53.35B | $53.07B | $53.95B | $53.47B | $52.73B | $52.64B | $53.19B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $1.06B | $1.09B | $1.43B | $1.34B | $1.16B | $1.24B | $1.45B | $1.16B |