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Mar 31, 2024

Prologis Q1 2024 Earnings Report

Prologis's Q1 2024 performance reflected its leadership in logistics real estate, marked by strategic capital deployment and robust operational metrics.

Key Takeaways

Prologis reported strong performance in Q1 2024, demonstrating its strength in the logistics real estate sector. The company owns or has investments in properties and development projects expected to total approximately 1.2 billion square feet.

Prologis has investments in properties and development projects expected to total approximately 1.2 billion square feet.

The company leases modern logistics facilities to approximately 6,700 customers.

The company generated $5.8B in annual NOI from operations.

Value creation from stabilizations amounted to $691M.

Total Revenue
$1.83B
Previous year: $1.63B
+11.9%
EPS
$1.28
Previous year: $1.22
+4.9%
Gross Profit
$786M
Previous year: $1.28B
-38.8%
Cash and Equivalents
$501M
Previous year: $523M
-4.2%
Total Assets
$93.3B
Previous year: $88.5B
+5.4%

Prologis

Prologis

Prologis Revenue by Segment

Forward Guidance

Our guidance for 2024 is based on management’s current beliefs and assumptions about our business, the industry and the markets in which we operate.

Revenue & Expenses

Visualization of income flow from segment revenue to net income