Income StatementBalance SheetCash FlowSegments
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Prologis Business Segments

Business, geographic, and product segment breakdowns

Prologis generates $8.7B in annual revenue across 2 key segments: Real Estate Operations ($8.0B), and Strategic Capital ($692.0M). The company-wide operating margin is 47.52%. Based on the Q3 2025 filing.

Real Estate Operations (TTM)$8.0BStrategic Capital (TTM)$692.0M
Latest FilingQ3 2025
Report Date2025-10-28
Market Cap$136.03B
P/E Ratio42.43
ROE6.07%

Geographic

Area Of Real Estate Property

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Europe$225.0M$227.0M$232.0M$235.0M$235.0M$235.0M
Asia$97.0M$98.0M$100.0M$100.0M$101.0M$101.0M
Other Americas$65.0M$67.0M$85.0M$85.0M$85.0M$85.0M

Total Assets

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Europe$23.3B$24.8B$23.9B$25.0B$26.5B$26.2B
Asia$9.5B$10.2B$9.4B$9.6B$9.8B$9.6B
Other Americas$4.6B$4.1B$7.1B$7.2B$7.3B$7.3B

Equity Method Investment Ownership Percentage

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Europe32.3%32.2%33.0%33.0%32.7%32.8%
Other Americas37.1%33.4%30.9%31.1%31.1%31.0%
Asia15.2%15.2%15.2%15.2%15.4%15.4%

Equity Method Investment Summarized Financial Information Third Party Debt

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Europe$5.8B$6.2B$6.3B$6.8B$6.9B$6.9B
Asia$3.7B$4.0B$3.9B$4.1B$4.1B$4.1B
Other Americas$913.0M$1.1B$2.2B$2.2B$2.2B$2.2B

Equity Method Investments

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Europe$4.2B$4.4B$4.4B$4.6B$4.9B$4.8B
Other Americas$1.2B$1.2B$1.2B$1.2B$1.2B$1.2B
Asia$771.0M$839.0M$713.0M$739.0M$778.0M$750.0M

Income Loss From Equity Method Investments

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Europe$31.0M$36.0M$34.0M$23.0M$36.0M$31.0M
Other Americas$18.0M$13.0M$19.0M$11.0M$26.0M$17.0M
Asia$2.0M$2.0M-$66.0M$4.0M$5.0M$8.0M

Total Liabilities

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Europe$7.8B$8.3B$8.4B$8.9B$9.1B$9.1B
Asia$4.1B$4.4B$4.4B$4.5B$4.6B$4.5B
Other Americas$1.0B$1.1B$2.4B$2.5B$2.5B$2.5B

Number Of Co Investment Ventures

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Asia4.004.004.004.004.004.00
Europe2.002.002.002.002.002.00
Other Americas2.002.002.002.002.002.00

Number Of Real Estate Properties

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Europe1016.001017.001037.001046.001046.001047.00
Other Americas276.00285.00391.00390.00390.00390.00
Asia233.00240.00241.00242.00243.00243.00

Operating Expenses

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Europe$29.0M$31.4M-$214.3M$31.1M$38.0M$36.5M
Asia$14.2M$15.3M-$106.7M$16.6M$15.6M$16.4M
Other Americas$13.5M$10.8M-$88.3M$11.3M$16.4M$16.1M

Operating Income

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Other Americas$58.8M$40.1M$47.6M$56.2M$52.1M$55.0M
Europe$43.8M$47.3M$54.4M$45.3M$49.1M$54.5M
Asia$21.8M$25.1M$19.7M$16.9M$22.4M$24.6M

Profit Loss

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Europe$91.0M$96.0M$93.0M$65.0M$104.0M$89.0M
Asia$9.0M$11.0M-$403.0M$21.0M$33.0M$46.0M
Other Americas$56.0M$41.0M$67.0M$45.0M$86.0M$41.0M

Revenue

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Europe$430.0M$467.0M$458.0M$470.0M$507.0M$527.0M
Other Americas$120.0M$110.0M$175.0M$214.0M$200.0M$206.0M
Asia$153.0M$162.0M$163.0M$160.0M$166.0M$164.0M

Deferred Income Taxes Net Operating Loss

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Europe$2.5M$2.5M$2.5M———

Deferred Tax Assets Operating Loss Carryforwards

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Europe——$150.4M———

Operating Loss Carryforwards

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Europe——$559.1M———

Operating Loss Carryforwards Valuation Allowance

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Europe——$140.5M———

Business Segments

Total Assets

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Real Estate Operations$82.0B$84.0B$82.9B$83.8B$85.1B$85.5B
Strategic Capital$35.9M$36.0M$35.9M$36.0M$36.0M$36.0M

Operating Expenses

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Real Estate Operations$456.7M$443.1M-$3.2B$498.0M$499.7M$493.4M
Strategic Capital$70.5M$61.3M-$502.5M$60.8M$64.9M$69.3M

Operating Income

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Real Estate Operations$1.4B$1.5B$1.5B$1.5B$1.5B$1.6B
Strategic Capital$84.2M$74.0M$172.2M$80.4M$82.2M$81.1M

Revenue

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Real Estate Operations$1.9B$1.9B$1.9B$2.0B$2.0B$2.1B
Strategic Capital$154.7M$135.4M$253.4M$141.1M$147.2M$150.4M

Goodwill

SegmentQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Strategic Capital——$25.3M$25.3M—$25.3M