Company: PLDGP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000950170-25-021272
Chunk: 164

Company: Prologis, Inc.
Filing Date: 2025-02-14
Form: 10-K
Item: Item 1
Chunk 164
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    Total

    2024

    2023

    2024

    2023

    2024

    2023

    2024

    2023

    2024

    2023

    Strategic capital revenues ($)

    Recurring fees (2)

    168

    171

    60

    50

    170

    163

    74

    76

    472

    460

    Transactional fees (3)

    17

    21

    7

    7

    24

    18

    13

    19

    61

    65

    Promote revenue (4)

    112

    641

    25

    33

    1

    1

    1

    -

    139

    675

    Total strategic capital revenues ($)

    297

    833

    92

    90

    195

    182

    88

    95

    672

    1,200

    Strategic capital expenses ($) (4)

    (155
    )

    (204
    )

    (21
    )

    (27
    )

    (76
    )

    (103
    )

    (40
    )

    (51
    )

    (292
    )

    (385
    )

    Strategic Capital Segment – NOI ($)

    142

    629

    71

    63

    119

    79

    48

    44

    380

    815

(1)The U.S. expenses include compensation and personnel costs for employees who are based in the U.S. but also support other geographies. 

(2)Recurring fees include asset management and property management fees. 

(3)Transactional fees include leasing commissions and acquisition, disposition, development and other fees.

33

(4)We generally earn promote revenue directly from third-party investors in the co-investment ventures based on the cumulative returns of the venture over a three-year period or the stabilization of individual development projects owned by the venture. Changes in asset valuations within the co-investment ventures during the promote period is one of the significant inputs to the calculation of promote revenues. 

For promotes earned after January 2024,