Company: PLDGP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000950170-25-021272
Chunk: 454

Company: Prologis, Inc.
Filing Date: 2025-02-14
Form: 10-K
Item: Item 1
Chunk 454
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5,795

    5,746

    Add (deduct) our modified adjustments:

    Unrealized foreign currency, derivative and other losses (gains), net

    (68
    )

    18

    Deferred income tax expense (benefit)

    21

    18

    Current income tax benefit on dispositions related to acquired tax liabilities

    -

    (11
    )

    Our proportionate share of adjustments related to unconsolidated entities

    (7
    )

    (11
    )

    FFO, as modified by Prologis attributable to common stockholders/unitholders

    5,741

    5,760

    Adjustments to arrive at Core FFO:

    Gains on dispositions of development properties and land, net

    (414
    )

    (462
    )

    Current income tax expense on dispositions

    25

    36

    Losses (gains) on early extinguishment of debt, net

    (1
    )

    (3
    )

    Adjustments related to noncontrolling interests

    6

    9

    Our proportionate share of adjustments related to unconsolidated entities

    (52
    )

    (6
    )

    Core FFO attributable to common stockholders/unitholders
     
    $
    5,305

    $
    5,334

ITEM 7A. Quantitative and Qualitative Disclosures About Market Risk 

We are exposed to the impact of foreign exchange-related variability and earnings volatility on our foreign investments and interest rate changes. See our risk factors in Item 1A. Risk Factors, specifically Risks Related to our Global Operations and Risks Related to Financing and Capital. See also Notes 2 and 15 in the Consolidated Financial Statements in Item 8. Financial Statements and Supplementary Data for more information about our foreign operations and derivative financial instruments.

We monitor our market risk exposures using a sensitivity analysis. Our sensitivity analysis estimates the exposure to market risk sensitive instruments assuming a hypothetical 10% adverse change in foreign currency exchange rates or interest rates at December 31, 2024. The results of the sensitivity analysis are summarized in the following sections. The sensitivity analysis is of limited predictive value. As a result, revenues and expenses, as well as our ultimate realized gains or losses with respect to foreign currency exchange rate and interest rate fluctuations will depend on the exposures that arise during a future