PLD · XBRL financial data
Prologis financial statements, every fiscal year
The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (PLD's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue | 4,439 | 4,759 | 5,974 | 8,023 | 8,202 | 8,790 |
| General and administrative | 275 | 293 | 331 | 390 | 419 | 469 |
| Total operating expenses | — | — | (1,549) | (2,064) | (2,104) | (2,281) |
| Operating income (loss) | 2,119 | 3,207 | 3,468 | 3,708 | 4,416 | 4,358 |
| Interest expense | 315 | 266 | 309 | 641 | 864 | 1,002 |
| Other income (expense) | 1 | 1 | — | — | — | — |
| Income tax expense (benefit) | 130 | 174 | 135 | 211 | 167 | 204 |
| Net income (loss) | 1,482 | 2,940 | 3,365 | 3,059 | 3,732 | 3,328 |
| Earnings per share, basic USD per share | 2.02 | 3.97 | 4.28 | 3.30 | 4.02 | 3.58 |
| Earnings per share, diluted USD per share | 2.01 | 3.94 | 4.25 | 3.29 | 4.01 | 3.56 |
| Weighted average shares, basic millions of shares | 728 | 739 | 786 | 924 | 926 | 928 |
| Weighted average shares, diluted millions of shares | 754 | 765 | 812 | 952 | 954 | 957 |
Balance sheet
CSVFiscal years (PLD's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 598 | 556 | 278 | 530 | 1,319 | 1,146 |
| Property and equipment, net | 118 | 118 | 120 | 208 | 212 | 222 |
| Right-of-use asset | 493 | 459 | 735 | 684 | 708 | 672 |
| Total assets | 56,065 | 58,486 | 87,897 | 93,021 | 95,329 | 98,724 |
| Total liabilities | 19,740 | 20,744 | 30,034 | 35,197 | 36,712 | 40,970 |
| Accumulated deficit | (2,395) | (1,328) | (458) | (627) | (466) | (902) |
| Total stockholders' equity | 31,972 | 33,427 | 53,237 | 53,182 | 53,951 | 53,193 |
| Total liabilities and equity | 56,065 | 58,486 | 87,897 | 93,021 | 95,329 | 98,724 |
| Common shares outstanding (cover page) millions of shares | 740 | 740 | 923 | 925 | 927 | 930 |
Cash flows
CSVFiscal years (PLD's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Net income (loss) | 1,482 | 2,940 | 3,365 | 3,059 | 3,732 | 3,328 |
| Stock-based compensation | 110 | 113 | 175 | 268 | 232 | 185 |
| Net cash from operating activities | 2,937 | 2,996 | 4,126 | 5,373 | 4,912 | 5,008 |
| Net cash from investing activities | (3,074) | (1,990) | (4,499) | (6,419) | (3,099) | (3,630) |
| Proceeds from issuing equity | 2 | 1 | 0 | 0 | — | — |
| Dividends paid | 1,723 | 1,873 | 2,495 | 3,229 | 3,570 | 3,765 |
| Net cash from financing activities | (372) | (1,008) | 116 | 1,320 | (1,000) | (1,564) |
| Net change in cash | (491) | (42) | (278) | 252 | 788 | (173) |
Compare with peers
SIC 6798 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 6798 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Quarter |
|---|---|---|---|---|---|
| Prologis | 2,273 | 2,388 | not reported | 950.5M | 10-QSep 30, 2026 |
| Welltower | 2,275 | 3,121 | 1,003* | 733.6M | 10-QSep 30, 2026 |
| American Tower | 1,872 | 203 | 1,393* | 463.8M | 10-QSep 30, 2026 |
| Equinix | 2,362 | 2,571 | 1,243* | 99.0M | 10-QSep 30, 2026 |
| Blackstone Real Estate Income Trust | 1,405 | 1,861 | 740* | 3.5B | 10-QJun 30, 2026 |
| Digital Realty Trust | 803 | 1,902 | not reported | 378.3M | 10-QSep 30, 2026 |
| Realty Income | 369 | 1,622 | 926* | 951.0M | 10-QSep 30, 2026 |
| Simon Property Group | 1,019 | 1,791 | 1,196* | not reported | 10-QJun 30, 2026 |
| Crown Castle | 1,042 | 1,008 | 531* | 425.5M | 10-QJun 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.