Company: PLDGP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000950170-25-021272
Chunk: 329

Company: Prologis, Inc.
Filing Date: 2025-02-14
Form: 10-K
Item: Item 7
Chunk 329
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4 – 2054

    February
     
    CN¥
     
    1,500

    $
    211

    3.5%
     
    3.0

    February 2027

    March
     
    C$
     
    550

    $
    405

    4.7%
     
    5.0

    March 2029

    May
     
    €
     
    550

    $
    592

    4.0%
     
    10.0

    May 2034

    May
     
    £
     
    350

    $
    439

    5.6%
     
    16.0

    May 2040

    July
     
    $
     
    1,100

    $
    1,100

    5.1%
     
    17.5

    January 2035 – March 2054

    September
     
    CN¥
     
    1,350

    $
    190

    3.3%
     
    5.0

    September 2029

    Total

    $
    4,187

    4.8%

    13.7

    (1)    The exchange rate used to calculate into U.S. dollars was the spot rate at the settlement date of each issuance.

RESULTS OF OPERATIONS 

We evaluate our business operations based on the NOI of our two reportable segments: Real Estate (Rental Operations and Development) and Strategic Capital. NOI by segment is a non-GAAP performance measure that is calculated using revenues and expenses directly from our financial statements. We consider NOI by segment to be an appropriate supplemental measure of our performance because it helps management and investors understand our operating results. 

Below is our NOI by segment per the Consolidated Financial Statements and a reconciliation of NOI by segment to Operating Income per the Consolidated Financial Statements (in millions):

    2024

    2023

    Real estate segment:

         Rental revenues
     
    $
    7,515

    $
    6,819

         Development management and other revenues

    14

    5

         Rental expenses

    (1,765
    )

    (1,625
    )

         Other expenses