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Mar 31, 2022

Prologis Q1 2022 Earnings Report

Prologis's Q1 2022 performance reflected strong demand and strategic capital deployment.

Key Takeaways

Prologis reported strong performance in Q1 2022, driven by high-barrier, high-growth markets. The company owned or had investments in approximately 1.0 billion square feet of properties and development projects as of March 31, 2022.

Core FFO was a key performance indicator.

The company has approximately 1.0 billion square feet of properties and development projects.

Prologis leases modern logistics facilities to a diverse base of approximately 5,800 customers.

Lease proposals averaged 24 million square feet.

Total Revenue
$1.08B
Previous year: $1.02B
+5.4%
EPS
$1.09
Previous year: $0.97
+12.4%
Occupancy Rate
97.6%
Previous year: 95.6%
+2.1%
Gross Profit
$892M
Previous year: $821M
+8.6%
Cash and Equivalents
$1.91B
Previous year: $676M
+182.9%
Total Assets
$59.8B
Previous year: $55.7B
+7.3%

Prologis

Prologis

Forward Guidance

The company's guidance for 2022 is based on management’s current beliefs and assumptions about our business, the industry and the markets in which we operate.