Real Estate Operations — Operating Income
Prologis Real Estate Operations — Operating Income increased by 2.2% to $1.57B in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 7.7%, from $1.46B to $1.57B. Over 3 years (FY 2021 to FY 2024), Real Estate Operations — Operating Income shows an upward trend with a 22.6% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase reflects improved rental spreads, higher occupancy, or better cost control, while a decrease suggests margin compression or operational challenges.
Detailed definition
This metric measures the profitability of the real estate operations segment by subtracting property-level operating exp...
Peer comparison
Comparable to Net Operating Income (NOI) or segment operating profit reported by other large-scale industrial real estate operators.
pld_segment_real_estate_operations_operating_income_lossHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $769.13M | $780.58M | $808.20M | $799.94M | $813.76M | $864.43M | $1.21B | $1.21B | $1.25B | $1.35B | $1.33B | $1.36B | $1.40B | $1.46B | $1.50B | $1.50B | $1.54B | $1.57B |
| QoQ Change | — | +1.5% | +3.5% | -1.0% | +1.7% | +6.2% | +40.0% | +0.4% | +3.1% | +7.8% | -1.5% | +2.4% | +2.6% | +4.4% | +3.0% | -0.0% | +2.4% | +2.2% |
| YoY Change | — | — | — | — | +5.8% | +10.7% | +49.7% | +51.8% | +53.8% | +56.1% | +9.9% | +12.2% | +11.6% | +8.0% | +12.9% | +10.2% | +10.1% | +7.7% |
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Frequently Asked Questions
- What is Prologis's real estate operations — operating income?
- Prologis (PLD) reported real estate operations — operating income of $1.57B in Q3 2025.
- How has Prologis's real estate operations — operating income changed year-over-year?
- Prologis's real estate operations — operating income increased by 7.7% year-over-year, from $1.46B to $1.57B.
- What is the long-term trend for Prologis's real estate operations — operating income?
- Over 3 years (2021 to 2024), Prologis's real estate operations — operating income has grown at a 22.6% compound annual growth rate (CAGR), from $3.10B to $5.72B.
- What does real estate operations — operating income mean?
- The profit generated from core real estate operations after accounting for property-level expenses.