Company: PLDGP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000950170-25-021272
Chunk: 264

Company: Prologis, Inc.
Filing Date: 2025-02-14
Form: 10-K
Item: Item 1
Chunk 264
---
 73,250,949

      $
      47,183,100

      Acquisitions of and improvements to operating properties, development      activity and net effect of changes in foreign exchange rates and other

      5,627,171

      7,138,283

      25,281,173

      Basis of operating properties disposed of

      (2,481,169
      )

      (404,914
      )

      (445,558
      )

      Change in the development portfolio balance, including the acquisition of     properties

      (1,537,842
      )

      155,301

      1,482,814

      Assets transferred to held for sale and contribution

      (302,146
      )

      (336,667
      )

      (250,580
      )

      Balance at end year
       
      $
      81,108,966

      $
      79,802,952

      $
      73,250,949

      Accumulated depreciation:

      Balance at beginning of year
       
      $
      10,654,290

      $
      8,815,724

      $
      7,451,382

      Depreciation expense

      1,925,386

      1,837,145

      1,357,180

      Balances retired upon disposition of operating properties and net effect of     changes in foreign exchange rates and other

      (120,513
      )

      7,697

      9,090

      Assets transferred to held for sale and contribution

      (8,618
      )

      (6,276
      )

      (1,928
      )

      Balance at end of year
       
      $
      12,450,545

      $
      10,654,290

      $
      8,815,724

102

Certain of the following documents are filed herewith. Certain other of the following documents that have been previously filed with the Securities and Exchange Commission and, pursuant to Rule 12b-32, are incorporated herein by reference.

    2.1‡
     
    Agreement and Plan of Merger, dated as of June 11, 2022, by and among the Prologis Parties and the DRE Parties (incorporated by reference to Exhibit 2.1 to Prologis’ Current Report on