Company: PLDGP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000950170-25-021272
Chunk: 200

Company: Prologis, Inc.
Filing Date: 2025-02-14
Form: 10-K
Item: Item 1
Chunk 200
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 INC.

CONSOLIDATED STATEMENTS OF INCOME

(In thousands, except per share amounts)

    Years Ended December 31,

    2024

    2023

    2022

    Revenues:

    Rental
     
    $
    7,514,705

    $
    6,818,542

    $
    4,913,171

    Strategic capital

    671,907

    1,200,232

    1,039,585

    Development management and other

    14,998

    4,695

    20,936

    Total revenues

    8,201,610

    8,023,469

    5,973,692

    Expenses:

    Rental

    1,765,385

    1,624,793

    1,205,738

    Strategic capital

    291,856

    385,542

    303,356

    General and administrative

    418,765

    390,406

    331,083

    Depreciation and amortization

    2,580,519

    2,484,891

    1,812,777

    Other

    47,044

    53,354

    40,336

    Total expenses

    5,103,569

    4,938,986

    3,693,290

    Operating income before gains on real estate transactions, net

    3,098,041

    3,084,483

    2,280,402

    Gains on dispositions of development properties and land, net

    413,743

    462,270

    597,745

    Gains on other dispositions of investments in real estate, net

    904,136

    161,039

    589,391

    Operating income

    4,415,920

    3,707,792

    3,467,538

    Other income (expense):

    Earnings from unconsolidated entities, net

    353,623

    307,227

    310,872

    Interest expense

    (863,932
    )

    (641,332
    )

    (309,037
    )

    Foreign currency, derivative