Prologis Past Earnings Performance
Past criteria checks 3/6
Prologis has been growing earnings at an average annual rate of 15.3%, while the Industrial REITs industry saw earnings growing at 18.2% annually. Revenues have been growing at an average rate of 17% per year. Prologis's return on equity is 6.8%, and it has net margins of 42.7%.
Key information
15.30%
Earnings growth rate
8.55%
EPS growth rate
| Industrial REITs Industry Growth | 24.31% |
| Revenue growth rate | 17.01% |
| Return on equity | 6.81% |
| Net Margin | 42.74% |
| Last Earnings Update | 31 Mar 2025 |
Recent past performance updates
Recent updates
Prologis, Inc.: Why We Re-Acquired This Best-In-Class Industrial REIT
Apr 29Prologis: Strong Buy, Tariffs Are Likely Temporary
Apr 16Prologis: A Best-In-Class Income Growth REIT With Strong Tailwinds
Mar 16Prologis: Buying The Data Center Story
Mar 09Prologis: A Top Pick For Your Growth And Income Goals
Feb 03Prologis Q4 Preview: High-Yielder With Attractive Earnings Growth
Jan 14Prologis: Buy The Best At A Bargain
Dec 21Prologis: The Party Is Over
Nov 29Prologis: Opportunity Knocks With A Perfect Blend Of Yield And Growth
Nov 173% Yield And Double-Digit Growth: Why Prologis Remains One Of The Best REITs Money Can Buy
Oct 19Prologis To Benefit From Tailwinds In Logistics And In AI
Sep 17Prologis: Still On Track If Deglobalization Continues
Aug 14Prologis: One Of The Most Compelling Opportunities In Listed Real Estate
Jul 30Prologis: Q2 2024 Results Update - Still A Strong Buy
Jul 18Unboxing Dividends Why Prologis Is A Shareholder's Dream
Jul 08Prologis Is A Bargain After Its Recent Price Drop
Jun 08Prologis Has Crashed: Buy, Hold, Or Sell?
May 07What Just Happened To Prologis?
Apr 23Prologis: How Amazon's Secret Weapon Could Be Your Next Winner
Mar 25
Investing in Solar, Storage, and Real Estate Furthers Earnings and Revenue Growth
Feb 28Prologis is poised for significant earnings growth, fueled by a high rate of investments and a strong market position in solar and storage.Prologis: Buy This REIT Now For Winning Dividend Growth
Feb 23Prologis: A REIT Gem For Good And Bad Times
Jan 22Prologis: Overvalued Common And Preferred Shares
Jan 16Prologis: More Than Just A REIT, It's A Leading Energy Company And Much More
Dec 22Prologis: 4 Reasons You Should Own This REIT Going Into 2024 And Beyond
Dec 15Prologis: My Top REIT Choice For 2024 With Market Beating Returns Potential
Nov 20All Roads Lead To Prologis: Why We Love This Industrial Juggernaut
Oct 20Prologis: A Good Income Investment In The REIT Sector
Oct 12Prologis: Look To Buy Under $80
Sep 25Prologis: Well Positioned For High Interest Rates
Sep 18Prologis - One Of The Best REITs Money Can Buy
Aug 14Revenue & Expenses Breakdown
How Prologis makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 25 | 8,734 | 3,733 | 422 | 0 |
| 31 Dec 24 | 8,555 | 3,726 | 419 | 0 |
| 30 Sep 24 | 8,239 | 3,078 | 414 | 0 |
| 30 Jun 24 | 8,104 | 2,820 | 413 | 0 |
| 31 Mar 24 | 8,515 | 3,174 | 402 | 0 |
| 31 Dec 23 | 8,331 | 3,053 | 390 | 0 |
| 30 Sep 23 | 8,173 | 3,010 | 378 | 0 |
| 30 Jun 23 | 8,023 | 3,277 | 369 | 0 |
| 31 Mar 23 | 6,833 | 2,673 | 356 | 0 |
| 31 Dec 22 | 6,285 | 3,359 | 331 | 0 |
| 30 Sep 22 | 5,914 | 4,020 | 319 | 0 |
| 30 Jun 22 | 5,353 | 3,728 | 299 | 0 |
| 31 Mar 22 | 5,244 | 3,717 | 290 | 0 |
| 31 Dec 21 | 5,164 | 2,934 | 293 | 0 |
| 30 Sep 21 | 4,906 | 1,967 | 285 | 0 |
| 30 Jun 21 | 4,787 | 1,544 | 293 | 0 |
| 31 Mar 21 | 4,884 | 1,350 | 283 | 0 |
| 31 Dec 20 | 4,736 | 1,473 | 275 | 0 |
| 30 Sep 20 | 4,419 | 1,578 | 274 | 0 |
| 30 Jun 20 | 4,250 | 1,730 | 265 | 0 |
| 31 Mar 20 | 3,769 | 1,709 | 267 | 0 |
| 31 Dec 19 | 3,531 | 1,567 | 267 | 0 |
| 30 Sep 19 | 3,580 | 1,778 | 258 | 0 |
| 30 Jun 19 | 3,330 | 1,674 | 255 | 0 |
| 31 Mar 19 | 3,175 | 1,625 | 246 | 0 |
| 31 Dec 18 | 3,103 | 1,643 | 239 | 0 |
| 30 Sep 18 | 2,875 | 1,342 | 242 | 0 |
| 30 Jun 18 | 2,794 | 1,872 | 237 | 0 |
| 31 Mar 18 | 2,945 | 1,805 | 240 | 0 |
| 31 Dec 17 | 2,867 | 1,642 | 231 | 0 |
| 30 Sep 17 | 2,851 | 1,787 | 228 | 0 |
| 30 Jun 17 | 2,944 | 1,190 | 228 | 0 |
| 31 Mar 17 | 2,753 | 1,198 | 225 | 0 |
| 31 Dec 16 | 2,739 | 1,203 | 222 | 0 |
| 30 Sep 16 | 2,755 | 881 | 225 | 0 |
| 30 Jun 16 | 2,618 | 861 | 221 | 0 |
| 31 Mar 16 | 2,527 | 726 | 216 | 0 |
| 31 Dec 15 | 2,356 | 863 | 217 | 0 |
| 30 Sep 15 | 2,166 | 1,153 | 223 | 0 |
| 30 Jun 15 | 1,995 | 1,030 | 227 | 0 |
| 31 Mar 15 | 1,925 | 963 | 236 | 0 |
| 31 Dec 14 | 1,895 | 622 | 229 | 0 |
| 30 Sep 14 | 1,864 | 214 | 245 | 0 |
| 30 Jun 14 | 1,870 | 29 | 242 | 0 |
Quality Earnings: PLD has a large one-off gain of $1.3B impacting its last 12 months of financial results to 31st March, 2025.
Growing Profit Margin: PLD's current net profit margins (42.7%) are higher than last year (37.3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: PLD's earnings have grown by 15.3% per year over the past 5 years.
Accelerating Growth: PLD's earnings growth over the past year (17.6%) exceeds its 5-year average (15.3% per year).
Earnings vs Industry: PLD earnings growth over the past year (17.6%) did not outperform the Industrial REITs industry 18.5%.
Return on Equity
High ROE: PLD's Return on Equity (6.8%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/12 10:49 |
| End of Day Share Price | 2025/05/09 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Prologis, Inc. is covered by 49 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nicholas Thillman | Baird |
| Ross Smotrich | Barclays |
| Brendan Lynch | Barclays |