Prologis, Inc. Files Q2 2024 10-Q Report

TL;DR

**PLD Q2 10-Q FILED: Check financials for REIT giant.**

AI Summary

Prologis, Inc. filed its 10-Q for the period ending June 30, 2024. The filing details the company's financial performance and position, including its real estate investment trust operations. Key financial data and disclosures relevant to investors are presented in this quarterly report.

Why It Matters

This filing provides investors with an update on Prologis's financial health and operational performance for the second quarter of 2024, crucial for investment decisions.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.

Key Numbers

• N/A — Total Assets (Specific asset figures are not detailed in the provided header information.)
• N/A — Total Liabilities (Specific liability figures are not detailed in the provided header information.)
• N/A — Revenue (Specific revenue figures are not detailed in the provided header information.)

Key Players & Entities

• Prologis, Inc. (company) — Filer of the 10-Q
• Prologis, L.P. (company) — Related entity
• 20240630 (date) — Period of report
• 20240726 (date) — Filing date
• 4153949000 (dollar_amount) — Business phone number

FAQ

Key Financial Figures

• $0.01 — stered Prologis, Inc. Common Stock, $0.01 par value PLD New York Stock Exchan

Filing Documents

• pld-20240630.htm (10-Q) — 5658KB
• pld-ex15_1.htm (EX-15.1) — 6KB
• pld-ex15_2.htm (EX-15.2) — 6KB
• pld-ex22_1.htm (EX-22.1) — 15KB
• pld-ex31_1.htm (EX-31.1) — 13KB
• pld-ex31_2.htm (EX-31.2) — 13KB
• pld-ex31_3.htm (EX-31.3) — 13KB
• pld-ex31_4.htm (EX-31.4) — 13KB
• pld-ex32_1.htm (EX-32.1) — 8KB
• pld-ex32_2.htm (EX-32.2) — 8KB
• img139922984_0.jpg (GRAPHIC) — 10KB
• img139922984_1.jpg (GRAPHIC) — 40KB
• img139922984_2.jpg (GRAPHIC) — 43KB
• img139922984_3.jpg (GRAPHIC) — 62KB
• img139922984_4.jpg (GRAPHIC) — 32KB
• img139922984_5.jpg (GRAPHIC) — 48KB
• img139922984_6.jpg (GRAPHIC) — 28KB
• img139922984_7.jpg (GRAPHIC) — 28KB
• img139922984_8.jpg (GRAPHIC) — 84KB
• 0000950170-24-086882.txt ( ) — 21018KB
• pld-20240630.xsd (EX-101.SCH) — 1723KB
• pld-20240630_htm.xml (XML) — 5103KB

Financial Statements

Financial Statements 1 Prologis, Inc.: Consolidated Balance Sheets – June 30, 2024 and December 31, 2023 1 Consolidated Statements of Income – Three and Six Months Ended June 30, 2024 and 2023 2 Consolidated Statements of Comprehensive Income – Three and Six Months Ended June 30, 2024 and 2023 3 Consolidated Statements of Equity – Three and Six Months Ended June 30, 2024 and 2023 4 Consolidated Statements of Cash Flows – Six Months Ended June 30, 2024 and 2023 5 Prologis, L.P.: Consolidated Balance Sheets – June 30, 2024 and December 31, 2023 6 Consolidated Statements of Income – Three and Six Months Ended June 30, 2024 and 2023 7 Consolidated Statements of Comprehensive Income – Three and Six Months Ended June 30, 2024 and 2023 8 Consolidated Statements of Capital – Three and Six Months Ended June 30, 2024 and 2023 9 Consolidated Statements of Cash Flows – Six Months Ended June 30, 2024 and 2023 10 Prologis, Inc. and Prologis, L.P.: Notes to the Consolidated Financial Statements 11 Note 1. General 11 Note 2. Real Estate 12 Note 3. Unconsolidated Entities 13 Note 4. Assets Held for Sale or Contribution 15 Note 5. Debt 15 Note 6. Noncontrolling Interests 17 Note 7. Long-Term Compensation 18 Note 8. Earnings Per Common Share or Unit 19 Note 9. Financial Instruments and Fair Value Measurements 21 Note 10. Business Segments 25 Note 11. Supplemental Cash Flow Information 27 Reports of Independent Registered Public Accounting Firm 28 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 30 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 50 Item 4.

Controls and Procedures

Controls and Procedures 51 PART II. Other Information Item 1.

Legal Proceedings

Legal Proceedings 52 Item 1A.

Risk Factors

Risk Factors 52 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 52 Item 3. Defaults Upon Senior Securities 52 Item 4. Mine Safety Disclosures 52 Item 5. Other Information 52 Item 6. Exhibits 52 Index

FINAN CIAL INFORMATION

PART I. FINAN CIAL INFORMATION

Fina ncial Statements

ITEM 1. Fina ncial Statements PROLOGIS, INC. CONSOLIDATED BA LANCE SHEETS (Unaudited) (In thousands, except per share data) June 30, 2024 December 31, 2023 ASSETS Investments in real estate properties $ 89,733,809 $ 88,666,575 Less accumulated depreciation 11,869,054 10,931,485 Net investments in real estate properties 77,864,755 77,735,090 Investments in and advances to unconsolidated entities 9,764,870 9,543,970 Assets held for sale or contribution 515,895 461,657 Net investments in real estate 88,145,520 87,740,717 Cash and cash equivalents 598,347 530,388 Other assets 4,793,551 4,749,735 Total assets $ 93,537,418 $ 93,020,840 LIABILITIES AND EQUITY Liabilities: Debt $ 29,904,620 $ 29,000,501 Accounts payable and accrued expenses 1,647,877 1,766,018 Other liabilities 4,061,600 4,430,601 Total liabilities 35,614,097 35,197,120 Equity: Prologis, Inc. stockholders' equity: Series Q preferred stock at stated liquidation preference of $ 50 per share; $ 0.01 par value; 1,279 shares issued and outstanding and 100,000 preferred shares authorized at June 30, 2024 and December 31, 2023 63,948 63,948 Common stock; $ 0.01 par value; 925,880 shares and 924,391 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 9,259 9,244 Additional paid-in capital 54,392,526 54,249,801 Accumulated other comprehensive loss ( 156,053 ) ( 514,201 ) Distributions in excess of net earnings ( 964,620 ) ( 627,068 ) Total Prologis, Inc. stockholders' equity 53,345,060 53,181,724 Noncontrolling interests 4,578,261 4,641,996 Total equity 57,923,321 57,823,720 Total liabilities and equity $ 93,537,418 $ 93,020,840 The accompanying notes are an integral part of these Consolidated Financial Statements. 1 Index PROLOGIS, INC. CONSOLIDATED S TAT EMENTS OF INCOME (Unaudited) (In thousa

View Full Filing

View this 10-Q filing on SEC EDGAR