Prologis, Inc.

PLD 10-K · Q4 2025

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Income Statement

Income Statement
Metric Q4 2025 Q4 2024 YoY
Property Management Fee Revenue (Q)
Show Investment Issuer Affiliation breakouts
Unconsolidated Co-Investment Ventures [Member] 131,681 118,516 +11.1%
Rental Revenue 2,092,107 1,937,507 +8.0%
Show Consolidated Entities breakouts
Partnership Interest 2,092,107 1,937,507 +8.0%
Management Fees Revenue 153,701 253,386 -39.3%
Show Consolidated Entities breakouts
Partnership Interest 153,701 253,386 -39.3%
Other Real Estate Revenue 6,904 9,753 -29.2%
Show Consolidated Entities breakouts
Partnership Interest 6,904 9,753 -29.2%
Revenue 2,252,712 2,200,646 +2.4%
Show Business Segments breakouts
Real Estate Operations [Member] · Asia 17,362 15,360 +13.0%
Real Estate Operations [Member] · Europe 41,704 31,817 +31.1%
Real Estate Operations [Member] · Europe [Member] 51,444 42,407 +21.3%
Real Estate Operations [Member] · Operating Segments 2,099,011 1,947,260 +7.8%
Real Estate Operations [Member] · US 1,988,501 1,857,676 +7.0%
Strategic Capital [Member] · Asia 20,199 22,601 -10.6%
Strategic Capital [Member] · Europe 59,571 52,785 +12.9%
Strategic Capital [Member] · Europe [Member] 24,028 18,522 +29.7%
Strategic Capital [Member] · Operating Segments 153,701 253,386 -39.3%
Strategic Capital [Member] · US 49,903 159,478 -68.7%
Show Geography breakouts
Asia · Unconsolidated Co-Investment Ventures [Member] 160 163 -1.8%
Europe [Member] · Unconsolidated Co-Investment Ventures [Member] 211 175 +20.6%
Europe · Unconsolidated Co-Investment Ventures [Member] 547 458 +19.4%
US · Unconsolidated Co-Investment Ventures [Member] 422 382 +10.5%
Show Consolidated Entities breakouts
Partnership Interest 2,252,712 2,200,646 +2.4%
Show Investment Issuer Affiliation breakouts
Unconsolidated Co-Investment Ventures [Member] 1,340 1,178 +13.8%
Leasing Commission Acquisition And Other Fees (Q)
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Unconsolidated Co-Investment Ventures [Member] 19,264 18,725 +2.9%
Direct Costs Of Leased And Rented Property Or Equipment 503,222 438,468 +14.8%
Show Consolidated Entities breakouts
Partnership Interest 503,222 438,468 +14.8%
Service Management Costs 75,553 81,167 -6.9%
Show Consolidated Entities breakouts
Partnership Interest 75,553 81,167 -6.9%
General & Administrative 136,880 102,724 +33.3%
Show Consolidated Entities breakouts
Partnership Interest 136,880 102,724 +33.3%
Show Consolidation Items breakouts
Corporate Non Segment 136,880 102,724 +33.3%
Depreciation And Amortization 668,750 656,444 +1.9%
Show Consolidated Entities breakouts
Partnership Interest 668,750 656,444 +1.9%
Show Consolidation Items breakouts
Corporate Non Segment 668,750 656,444 +1.9%
Other Cost And Expense Operating 15,950 7,673 +107.9%
Show Consolidated Entities breakouts
Partnership Interest 15,950 7,673 +107.9%
Operating Expenses Before Gains On Real Estate Transactions Net 1,400,355 1,286,476 +8.9%
Show Consolidated Entities breakouts
Partnership Interest 1,400,355 1,286,476 +8.9%
Operating Income Loss Before Gains Loss On Real Estate Transactions Net 852,357 914,170 -6.8%
Show Consolidated Entities breakouts
Partnership Interest 852,357 914,170 -6.8%
Gains On Dispositions Of Development Properties And Land Net 204,368 254,256 -19.6%
Show Consolidated Entities breakouts
Partnership Interest 204,368 254,256 -19.6%
Show Consolidation Items breakouts
Corporate Non Segment 204,368 254,256 -19.6%
Gains On Other Dispositions Of Investments In Real Estate Net 569,753 252,830 +125.4%
Show Consolidated Entities breakouts
Partnership Interest 569,753 252,830 +125.4%
Show Consolidation Items breakouts
Corporate Non Segment 569,753 252,830 +125.4%
Operating Income 1,626,478 1,421,256 +14.4%
Show Business Segments breakouts
Real Estate Operations [Member] · Asia 10,965 8,963 +22.3%
Real Estate Operations [Member] · Europe 18,294 17,695 +3.4%
Real Estate Operations [Member] · Europe [Member] 41,143 33,900 +21.4%
Real Estate Operations [Member] · Operating Segments 1,579,839 1,501,119 +5.2%
Real Estate Operations [Member] · US 5,873,288 5,471,502 +7.3%
Strategic Capital [Member] · Asia 8,143 10,705 -23.9%
Strategic Capital [Member] · Europe 40,679 36,687 +10.9%
Strategic Capital [Member] · Europe [Member] 18,052 13,730 +31.5%
Strategic Capital [Member] · Operating Segments 78,148 172,219 -54.6%
Strategic Capital [Member] · US -4,352,577 -3,919,844 -11.0%
Show Consolidated Entities breakouts
Partnership Interest 1,626,478 1,421,256 +14.4%
Show Consolidation Items breakouts
Corporate Non Segment 1,626,478 1,421,256 +14.4%
Operating Segments 1,657,987 1,673,338 -0.9%
Related Party Transaction Earned Promote Revenue (Q)
Show Investment Issuer Affiliation breakouts
Unconsolidated Co-Investment Ventures [Member] 860 114,302 -99.2%
Income Loss From Equity Method Investments 134,113 94,065 +42.6%
Show Geography breakouts
Asia · Unconsolidated Co-Investment Ventures [Member] 8 -66 +112.1%
Europe [Member] · Unconsolidated Co-Investment Ventures [Member] 19 19 0.0%
Europe · Unconsolidated Co-Investment Ventures [Member] 57 34 +67.6%
US · Unconsolidated Co-Investment Ventures [Member] 42 104 -59.6%
Show Consolidated Entities breakouts
Partnership Interest 134,113 94,065 +42.6%
Show Consolidation Items breakouts
Corporate Non Segment 134,113 94,065 +42.6%
Show Investment Issuer Affiliation breakouts
Unconsolidated Co-Investment Ventures [Member] 126 91 +38.5%
Interest Expense -260,453 -232,232 -12.2%
Show Consolidated Entities breakouts
Partnership Interest -260,453 -232,232 -12.2%
Gain Loss On Foreign Currency Derivative And Other Gains Losses And Other Income Expense Net 68,269 145,957 -53.2%
Show Consolidated Entities breakouts
Partnership Interest 68,269 145,957 -53.2%
Non-Operating Income (Expense) -61,569 7,790 -890.4%
Show Consolidated Entities breakouts
Partnership Interest -61,569 7,790 -890.4%
Income Before Taxes 1,564,909 1,429,046 +9.5%
Show Consolidated Entities breakouts
Partnership Interest 1,564,909 1,429,046 +9.5%
Show Consolidation Items breakouts
Corporate Non Segment 1,564,909 1,429,046 +9.5%
Management Fee Revenuefor Unconsolidated Coinvestment Ventures (Q)
Show Investment Issuer Affiliation breakouts
Unconsolidated Co-Investment Ventures [Member] 151,805 251,543 -39.7%
Income Tax Expense (Benefit) -82,694 -86,870 +4.8%
Show Consolidated Entities breakouts
Partnership Interest -82,694 -86,870 +4.8%
Net Income 1,482,215 1,342,176 +10.4%
Show Geography breakouts
Asia · Unconsolidated Co-Investment Ventures [Member] 46 -403 +111.4%
Europe [Member] · Unconsolidated Co-Investment Ventures [Member] 68 67 +1.5%
Europe · Unconsolidated Co-Investment Ventures [Member] 169 93 +81.7%
US · Unconsolidated Co-Investment Ventures [Member] 131 343 -61.8%
Show Equity Components breakouts
Accumulated Distributions In Excess Of Net Income 1,399,783 1,278,853 +9.5%
Noncontrolling Interest 82,432 63,323 +30.2%
Noncontrolling Interest · Partnership Interest 49,020 31,354 +56.3%
Show Consolidated Entities breakouts
Partnership Interest 1,482,215 1,342,176 +10.4%
Partnership Interest · Class A Common [Member] 0 10,224 -100.0%
Partnership Interest · Common [Member] 1,399,783 1,278,853 +9.5%
Partnership Interest · Common [Member] 33,412 21,745 +53.7%
Show Investment Issuer Affiliation breakouts
Unconsolidated Co-Investment Ventures [Member] 414 100 +314.0%
Net Income Loss Attributable To Noncontrolling Interest 82,432 63,323 +30.2%
Show Consolidated Entities breakouts
Partnership Interest 49,020 31,354 +56.3%
Net Income 1,399,783 1,278,853 +9.5%
Show Consolidated Entities breakouts
Partnership Interest 1,433,195 1,310,822 +9.3%
Preferred Stock Dividends Income Statement Impact 1,556 1,474 +5.6%
Show Consolidated Entities breakouts
Partnership Interest 1,556 1,474 +5.6%
Net Income Loss Available To Common Stockholders Basic 1,398,227 1,277,379 +9.5%
Show Consolidated Entities breakouts
Partnership Interest 1,431,639 1,309,348 +9.3%
Partnership Interest · Class A Common [Member] 0 -10,224 +100.0%
Partnership Interest · Common Units [Member] 1,431,639 1,299,124 +10.2%
Wtd Avg Shares (Basic) 287 155 +85.2%
Show Consolidated Entities breakouts
Partnership Interest 1,212 237 +411.4%
Wtd Avg Shares (Diluted) 1,008 60 +1580.0%
Show Consolidated Entities breakouts
Partnership Interest 1,008 60 +1580.0%
EPS (Basic) 1.51 1.38 +9.4%
Show Consolidated Entities breakouts
Partnership Interest 1.51 1.38 +9.4%
EPS (Diluted) 1.5 1.38 +8.7%
Show Consolidated Entities breakouts
Partnership Interest 1.5 1.38 +8.7%
Operating Expenses -3,966,641 -3,681,262 -7.8%
Show Business Segments breakouts
Real Estate Operations [Member] · Asia -39,071 -38,895 -0.5%
Real Estate Operations [Member] · Europe -127,038 -79,396 -60.0%
Real Estate Operations [Member] · Europe [Member] -66,811 -49,399 -35.2%
Real Estate Operations [Member] · Operating Segments -3,501,160 -3,178,717 -10.1%
Real Estate Operations [Member] · US -3,268,240 -3,011,027 -8.5%
Strategic Capital [Member] · Asia -76,530 -67,842 -12.8%
Strategic Capital [Member] · Europe -126,486 -134,902 +6.2%
Strategic Capital [Member] · Europe [Member] -37,174 -38,874 +4.4%
Strategic Capital [Member] · Operating Segments -465,481 -502,545 +7.4%
Strategic Capital [Member] · US -225,291 -260,927 +13.7%
Comprehensive Income 1,459,607 1,730,889 -15.7%
Show Consolidated Entities breakouts
Partnership Interest 1,494,420 1,774,107 -15.8%
Other Comprehensive Income (Q)
Show Equity Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent 199 10,317 -98.1%
Accumulated Gain Loss on Net Investment Hedges [Member] -3,014 37,882 -108.0%
Accumulated Other Comprehensive Income 59,824 452,036 -86.8%
Accumulated Translation Adjustment 105,560 228,854 -53.9%
Debt Designated as Non-derivative Net Investment Hedges [Member] -45,912 173,184 -126.5%
Show — breakouts
Other Comprehensive Income 2,991 1,799 +66.3%
Interest Expense (Q)
Show Consolidation Items breakouts
Corporate Non Segment 260,453 232,232 +12.2%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax 3,265 12,425 -73.7%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 3,190 12,116 -73.7%
Noncontrolling Interest 75 309 -75.7%
Show Consolidated Entities breakouts
Partnership Interest 3,265 12,425 -73.7%
Partnership Interest · Common [Member] 3,190 12,116 -73.7%
Partnership Interest · Common [Member] 75 211 -64.5%

Balance Sheet

Balance Sheet
Metric Q4 2025 Q4 2024 YoY
Current Assets
Cash & Cash Equivalents 1,145,647 1,318,591 -13.1%
Show Consolidated Entities breakouts
Partnership Interest 1,145,647 1,318,591 -13.1%
Show Consolidation Items breakouts
Corporate Non Segment 1,145,647 1,318,591 -13.1%
Non-Current Assets
Total Assets 98,724,256 95,328,909 +3.6%
Show Business Segments breakouts
Real Estate Operations [Member] · Asia 1,100,273 719,810 +52.9%
Real Estate Operations [Member] · Europe 3,218,384 2,554,514 +26.0%
Real Estate Operations [Member] · Europe [Member] 3,215,779 2,814,141 +14.3%
Real Estate Operations [Member] · Operating Segments 85,521,033 82,945,758 +3.1%
Real Estate Operations [Member] · US 77,986,597 76,857,293 +1.5%
Strategic Capital [Member] · Asia 307 167 +83.8%
Strategic Capital [Member] · Europe 25,280 25,280 0.0%
Strategic Capital [Member] · Operating Segments 32,480 35,946 -9.6%
Strategic Capital [Member] · US 6,893 10,499 -34.3%
Show Geography breakouts
Asia · Unconsolidated Co-Investment Ventures [Member] 9,470 9,404 +0.7%
Europe [Member] · Unconsolidated Co-Investment Ventures [Member] 7,308 7,112 +2.8%
Europe · Unconsolidated Co-Investment Ventures [Member] 26,764 23,873 +12.1%
US · Unconsolidated Co-Investment Ventures [Member] 14,711 13,903 +5.8%
Show Consolidated Entities breakouts
Other Consolidated Entities [Member] 3,521,831 3,031,608 +16.2%
Partnership Interest 98,724,256 95,328,909 +3.6%
Prologis LP [Member] 10,407,284 10,046,382 +3.6%
Prologis, Inc. [Member] 10,407,284 10,046,382 +3.6%
Show Consolidation Items breakouts
Corporate Non Segment 13,170,743 12,347,205 +6.7%
Operating Segments 85,553,513 82,981,704 +3.1%
Show Ownership breakouts
Prologis U S Logistics Venture [Member] 6,885,453 7,014,774 -1.8%
Show Investment Issuer Affiliation breakouts
Unconsolidated Co-Investment Ventures [Member] 58,253 54,292 +7.3%
Property, Plant & Equipment 221,704 212,318 +4.4%
Operating Lease Right-of-Use Assets 671,663 707,814 -5.1%
Goodwill (Q)
Show Business Segments breakouts
Strategic Capital [Member] 25.3 25.3 0.0%
Intangible Assets 1,495,510
Other Assets
Real Estate Investment Property At Cost 95,129,356 91,246,176 +4.3%
Show Consolidated Entities breakouts
Partnership Interest 95,129,356 91,246,176 +4.3%
Show Property Plant And Equipment By Type breakouts
Building And Building Improvements 56,365,572 54,840,666 +2.8%
Development Portfolio, Including Cost of Land: Pre-stabilized [Member] 1,026,688 813,029 +26.3%
Land 4,888,153 4,453,522 +9.8%
Land Improvements 24,195,448 23,438,687 +3.2%
Other Capitalized Property Plant And Equipment 6,661,174 5,683,688 +17.2%
Properties Under Development [Member] 1,992,321 2,016,584 -1.2%
Real Estate Investment Property Accumulated Depreciation 14,729,149 12,758,159 +15.4%
Show Consolidated Entities breakouts
Partnership Interest 14,729,149 12,758,159 +15.4%
Real Estate Investment Property Net 80,400,207 78,488,017 +2.4%
Show Consolidated Entities breakouts
Partnership Interest 80,400,207 78,488,017 +2.4%
Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures 11,093,936 10,079,448 +10.1%
Show Consolidated Entities breakouts
Partnership Interest 11,093,936 10,079,448 +10.1%
Show Consolidation Items breakouts
Corporate Non Segment 11,093,936 10,079,448 +10.1%
Assets Held For Sale Or Contribution 203,344 248,511 -18.2%
Show Consolidated Entities breakouts
Partnership Interest 203,344 248,511 -18.2%
Show Consolidation Items breakouts
Corporate Non Segment 203,344 248,511 -18.2%
Real Estate Investments 91,697,487 88,815,976 +3.2%
Show Consolidated Entities breakouts
Partnership Interest 91,697,487 88,815,976 +3.2%
Other Assets 5,881,122 5,194,342 +13.2%
Show Consolidated Entities breakouts
Partnership Interest 5,881,122 5,194,342 +13.2%
Show Consolidation Items breakouts
Corporate Non Segment 727,816 700,655 +3.9%
Non-Current Liabilities
Long-Term Debt 35,037,073 30,879,263 +13.5%
Show Consolidated Entities breakouts
Partnership Interest 35,037,073 30,879,263 +13.5%
Show Currency breakouts
CAD 2,004,638 1,262,508 +58.8%
EUR 12,302,104 9,900,602 +24.3%
GBP 1,843,931 1,714,653 +7.5%
JPY 2,930,594 2,910,755 +0.7%
Other Currency 569,980 632,873 -9.9%
USD 15,385,826 14,457,872 +6.4%
Show Long-Term Debt Type breakouts
Credit Facilities and Commercial Paper [Member] 44,679 224,966 -80.1%
Secured Debt 195,700 318,817 -38.6%
Secured Mortgage [Member] 195,700 318,817 -38.6%
Senior Notes 32,887,971 28,322,163 +16.1%
Term Loans and Unsecured Other [Member] 1,908,723 2,013,317 -5.2%
Accounts Payable And Accrued Liabilities Current And Noncurrent 1,963,645 1,769,327 +11.0%
Show Consolidated Entities breakouts
Partnership Interest 1,963,645 1,769,327 +11.0%
Total Liabilities 40,970,248 36,712,139 +11.6%
Show Geography breakouts
Asia · Unconsolidated Co-Investment Ventures [Member] 4,192 4,362 -3.9%
Europe [Member] · Unconsolidated Co-Investment Ventures [Member] 2,753 2,422 +13.7%
Europe · Unconsolidated Co-Investment Ventures [Member] 9,310 8,375 +11.2%
US · Unconsolidated Co-Investment Ventures [Member] 7,383 6,466 +14.2%
Show Consolidated Entities breakouts
Other Consolidated Entities [Member] 541,602 399,277 +35.6%
Partnership Interest 40,970,248 36,712,139 +11.6%
Prologis LP [Member] 697,970 549,100 +27.1%
Prologis, Inc. [Member] 697,970 549,100 +27.1%
Show Ownership breakouts
Prologis U S Logistics Venture [Member] 156,368 149,823 +4.4%
Show Investment Issuer Affiliation breakouts
Unconsolidated Co-Investment Ventures [Member] 23,638 21,625 +9.3%
Deferred Tax Liabilities 156,024 141,126 +10.6%
Other Liabilities
Other Liabilities 3,969,530 4,063,549 -2.3%
Show Consolidated Entities breakouts
Partnership Interest 3,969,530 4,063,549 -2.3%
Minority Interest 4,560,830 4,665,632 -2.2%
Show Consolidated Entities breakouts
Partnership Interest 3,316,713 3,323,047 -0.2%
Prologis, Inc. [Member] 4,560,830 4,665,632 -2.2%
Partners Capital Including Portion Attributable To Noncontrolling Interest (Q)
Show Equity Components breakouts
Noncontrolling Interest · Partnership Interest 3,316,713 3,323,047 -0.2%
Show Consolidated Entities breakouts
Partnership Interest 57,754,008 58,616,770 -1.5%
Partnership Interest · Common [Member] 53,129,230 53,887,190 -1.4%
Partnership Interest · Common [Member] 1,244,117 913,227 +36.2%
Partnership Interest · Preferred [Member] 63,948 63,948 0.0%
Stockholders' Equity
Preferred Stock Value 63,948 63,948 0.0%
Common Stock 9,292 9,263 +0.3%
Additional Paid-In Capital 54,698,641 54,464,055 +0.4%
Accumulated Other Comprehensive Income -676,276 -120,215 -462.6%
Retained Earnings -902,427 -465,913 -93.7%
Total Stockholders' Equity 53,193,178 53,951,138 -1.4%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 57,754,008 58,616,770 -1.5%
Show Equity Components breakouts
Accumulated Distributions In Excess Of Net Income -902,427 -465,913 -93.7%
Accumulated Gain Loss Net Cash Flow Hedge Parent -9,332 -11,659 +20.0%
Accumulated Gain Loss on Net Investment Hedges [Member] 310,320 341,852 -9.2%
Accumulated Other Comprehensive Income -676,276 -120,215 -462.6%
Accumulated Translation Adjustment -1,102,630 -790,957 -39.4%
Additional Paid In Capital 54,698,641 54,464,055 +0.4%
Common Stock 9,292 9,263 +0.3%
Debt Designated as Non-derivative Net Investment Hedges [Member] 106,834 327,897 -67.4%
Noncontrolling Interest 4,560,830 4,665,632 -2.2%
Our Share of Derivatives From Unconsolidated Entities [Member] 18,532 12,652 +46.5%
Preferred Stock 63,948 63,948 0.0%
Total Liabilities & Equity 98,724,256 95,328,909 +3.6%
Show Consolidated Entities breakouts
Partnership Interest 98,724,256 95,328,909 +3.6%
Number Of Co Investment Ventures (Q)
Show Geography breakouts
Asia · Unconsolidated Co-Investment Ventures [Member] 5 4 +25.0%
Europe [Member] · Unconsolidated Co-Investment Ventures [Member] 2 2 0.0%
Europe · Unconsolidated Co-Investment Ventures [Member] 2 2 0.0%
US · Unconsolidated Co-Investment Ventures [Member] 1 1 0.0%
Show Investment Issuer Affiliation breakouts
Unconsolidated Co-Investment Ventures [Member] 10 9 +11.1%
Number Of Real Estate Properties (Q)
Show Geography breakouts
Asia · Unconsolidated Co-Investment Ventures [Member] 245 241 +1.7%
Europe [Member] · Unconsolidated Co-Investment Ventures [Member] 393 391 +0.5%
Europe · Unconsolidated Co-Investment Ventures [Member] 1,058 1,037 +2.0%
US · Unconsolidated Co-Investment Ventures [Member] 784 767 +2.2%
Show Disposal Group Classification breakouts
Disposal Group Heldforsale Not Discontinued Operations 10 8 +25.0%
Show Investment Issuer Affiliation breakouts
Unconsolidated Co-Investment Ventures [Member] 2,480 2,436 +1.8%
Show Property Plant And Equipment By Type breakouts
Building And Building Improvements 2,979 2,987 -0.3%
Development Portfolio, Including Cost of Land: Pre-stabilized [Member] 27 19 +42.1%
Properties Under Development [Member] 50 66 -24.2%
Area Of Real Estate Property (Q)
Show Geography breakouts
Asia · Unconsolidated Co-Investment Ventures [Member] 101 100 +1.0%
Europe [Member] · Unconsolidated Co-Investment Ventures [Member] 86 85 +1.2%
Europe · Unconsolidated Co-Investment Ventures [Member] 238 232 +2.6%
US · Unconsolidated Co-Investment Ventures [Member] 139 134 +3.7%
Show Disposal Group Classification breakouts
Disposal Group Heldforsale Not Discontinued Operations 1,914 2,229 -14.1%
Show Investment Issuer Affiliation breakouts
Unconsolidated Co-Investment Ventures [Member] 564 551 +2.4%
Show Property Plant And Equipment By Type breakouts
Building And Building Improvements 647,904 643,929 +0.6%
Development Portfolio, Including Cost of Land: Pre-stabilized [Member] 6,749 5,387 +25.3%
Land 8,815 8,708 +1.2%
Properties Under Development [Member] 17,297 18,306 -5.5%
Equity Method Investment Summarized Financial Information Third Party Debt (Q)
Show Geography breakouts
Asia · Unconsolidated Co-Investment Ventures [Member] 3,758 3,942 -4.7%
Europe [Member] · Unconsolidated Co-Investment Ventures [Member] 2,429 2,242 +8.3%
Europe · Unconsolidated Co-Investment Ventures [Member] 7,101 6,343 +12.0%
US · Unconsolidated Co-Investment Ventures [Member] 6,386 5,399 +18.3%
Show Investment Issuer Affiliation breakouts
Unconsolidated Co-Investment Ventures [Member] 19,674 17,926 +9.8%
Equity Method Investments (Q)
Show Geography breakouts
Asia · Unconsolidated Co-Investment Ventures [Member] 789 713 +10.7%
Europe [Member] · Unconsolidated Co-Investment Ventures [Member] 1,181 1,168 +1.1%
Europe · Unconsolidated Co-Investment Ventures [Member] 5,010 4,371 +14.6%
US · Unconsolidated Co-Investment Ventures [Member] 3,283 3,023 +8.6%
Show Investment Issuer Affiliation breakouts
Unconsolidated Co-Investment Ventures [Member] 10,263 9,275 +10.7%
Equity Method Investment Ownership Percentage (Q)
Show Geography breakouts
Asia · Weighted Average 15.6 15.2 +2.6%
Europe [Member] · Weighted Average 32.3 30.9 +4.5%
Europe · Weighted Average 33.1 33 +0.3%
US · Weighted Average 31.9 30.5 +4.6%
Show Range breakouts
Weighted Average · Other Investees 29.9 29 +3.1%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
China AMC Prologis Logistics REIT [Member] · Unconsolidated Co-Investment Ventures [Member] 20.7
FIBRA Prologis [Member] · Unconsolidated Co-Investment Ventures [Member] 34.6 34.6 0.0%
Nippon Prologis REIT Inc [Member] · Unconsolidated Co-Investment Ventures [Member] 15.3 15.1 +1.3%
Prologis Brazil Logistics Venture and other joint ventures [Member] · Unconsolidated Co-Investment Ventures [Member] 20 20 0.0%
Prologis China Core Logistics Fund, LP [Member] · Unconsolidated Co-Investment Ventures [Member] 15.5 15.5 0.0%
Prologis China Logistics Venture [Member] · Unconsolidated Co-Investment Ventures [Member] 15 15 0.0%
Prologis European Logistics Fund [Member] · Unconsolidated Co-Investment Ventures [Member] 26.4 26.3 +0.4%
Prologis European Logistics Partners Holding [Member] · Unconsolidated Co-Investment Ventures [Member] 50 50 0.0%
Prologis Japan Core Logistics Fund [Member] · Unconsolidated Co-Investment Ventures [Member] 16.3 16.3 0.0%
Prologis Targeted U.S. Logistics Fund, L.P. [Member] · Unconsolidated Co-Investment Ventures [Member] 31.9 30.5 +4.6%
General Partners Capital Account (Q)
Show Consolidated Entities breakouts
Partnership Interest · Common [Member] 53,129,230 53,887,190 -1.4%
Partnership Interest · Preferred [Member] 63,948 63,948 0.0%
Limited Partners Capital Account (Q)
Show Consolidated Entities breakouts
Partnership Interest · Common [Member] 1,244,117 913,227 +36.2%
Partners Capital (Q)
Show Consolidated Entities breakouts
Partnership Interest 54,437,295 55,293,723 -1.5%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q4 2025 YTD Q4 2024 YoY
Operating Activities
Straight Line Rents And Amortization Of Above And Below Market Leases -160,399 -174,317 +8.0%
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Partnership Interest -160,399 -174,317 +8.0%
Stock-Based Compensation 43,812 67,445 -35.0%
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Partnership Interest 43,812 67,445 -35.0%
Equity Method Investment Dividends Or Distributions 190,254 145,179 +31.0%
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Partnership Interest 190,254 145,179 +31.0%
Increase Decrease In Operating Receivables From Unconsolidated Entities -6,894 -17,237 +60.0%
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Partnership Interest -6,894 -17,237 +60.0%
Amortization Of Financing Costs And Discounts 21,197 20,439 +3.7%
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Partnership Interest 21,197 20,439 +3.7%
Foreign Currency Transaction Gain Loss Unrealized -29,692 -128,523 +76.9%
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Partnership Interest -29,692 -128,523 +76.9%
Deferred Income Taxes 7,257 18,960 -61.7%
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Partnership Interest 7,257 18,960 -61.7%
Increase Decrease In Other Operating Assets -294,579 -131,713 -123.7%
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Partnership Interest -294,579 -131,713 -123.7%
Increase Decrease In Operating Liabilities 141,051 137,749 +2.4%
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Partnership Interest 141,051 137,749 +2.4%
Net Cash from Operations 1,158,236 1,335,451 -13.3%
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Partnership Interest 1,158,236 1,335,451 -13.3%
Investing Activities
Payments To Develop Real Estate Assets -822,546 -829,341 +0.8%
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Partnership Interest -822,546 -829,341 +0.8%
Payments To Acquire Real Estate -554,110 -507,297 -9.2%
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Partnership Interest -554,110 -507,297 -9.2%
Payments For Leasing Costs Commissions And Tenant Improvements -148,620 -152,439 +2.5%
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Partnership Interest -148,620 -152,439 +2.5%
Payment For Property Improvements -114,819 -137,613 +16.6%
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Partnership Interest -114,819 -137,613 +16.6%
Proceeds From Real Estate And Real Estate Joint Ventures 1,905,242 2,001,464 -4.8%
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Partnership Interest 1,905,242 2,001,464 -4.8%
Payments To Investments In And Advances To Unconsolidated Entities -261,557 -60,662 -331.2%
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Partnership Interest -261,557 -60,662 -331.2%
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital 28,275 4,272 +561.9%
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Partnership Interest 28,275 4,272 +561.9%
Proceeds From Hedge Investing Activities 0 3,224 -100.0%
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Partnership Interest 0 3,224 -100.0%
Payments For Hedge Investing Activities -6,740 -1,652 -308.0%
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Partnership Interest -6,740 -1,652 -308.0%
Net Cash from Investing 25,125 319,956 -92.1%
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Partnership Interest 25,125 319,956 -92.1%
Financing Activities
Payments Of Dividends -941,973 -893,003 -5.5%
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Partnership Interest -968,915 -918,227 -5.5%
Proceeds From Minority Shareholders 11,396 51,849 -78.0%
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Partnership Interest 11,396 51,849 -78.0%
Payments To Minority Shareholders Excluding Parent Company Distributions -96,263 -67,898 -41.8%
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Partnership Interest -69,321 -42,674 -62.4%
Payments For Repurchase Of Redeemable Noncontrolling Interest -13,634 -1,151 -1084.5%
Redemption Of Common Limited Partnership Units (Q)
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Partnership Interest -13,634 -1,151 -1084.5%
Tax Withholding for Share Compensation -5,190 -3,633 -42.9%
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Partnership Interest -5,190 -3,633 -42.9%
Payment Of Financing And Stock Issuance Costs -9,337 -2,001 -366.6%
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Partnership Interest -9,337 -2,001 -366.6%
Net Proceeds From Payments On Credit Facilities And Commercial Paper -175,980 -395,913 +55.6%
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Partnership Interest -175,980 -395,913 +55.6%
Repurchase Of And Repayments On Debt Excluding Line Of Credit -492,793 -1,921 -25552.9%
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Partnership Interest -492,793 -1,921 -25552.9%
Proceeds From Issuance Of Debt Excluding Line Of Credit 505,492 222,062 +127.6%
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Partnership Interest 505,492 222,062 +127.6%
Net Cash from Financing -1,218,282 -1,091,609 -11.6%
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Partnership Interest -1,218,282 -1,091,609 -11.6%
Supplemental
Income Taxes Paid 37 25.2 +46.8%
Interest Paid 841,545.7 710,181.3 +18.5%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations -5,454 -26,078 +79.1%
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Partnership Interest -5,454 -26,078 +79.1%
Net Change in Cash -40,375 537,720 -107.5%
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Partnership Interest -40,375 537,720 -107.5%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations 1,145,647 1,318,591 -13.1%
Show Consolidated Entities breakouts
Partnership Interest 1,145,647 1,318,591 -13.1%

Values in thousands USD. Source: SEC EDGAR 10-K filing.

This table is rendered from the same JSON returned by /api/financials.

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