Prologis Files Q3 2024 10-Q

TL;DR

Prologis Q3 10-Q filed. Financials and ops update out.

AI Summary

Prologis, Inc. filed its 10-Q for the period ending September 30, 2024. The filing details the company's financial performance and operational segments, including its "Other Americas" segment which operated from July 1, 2023, to September 30, 2023. The report also references accounting standards for operating segments and other assets and liabilities.

Why It Matters

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

Risk Assessment

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

Key Numbers

• Q3 — Quarter (Reporting Period)

Key Players & Entities

• Prologis, Inc. (company) — Filer
• Prologis, L.P. (company) — Filer
• 20240930 (date) — Period of Report
• 20241025 (date) — Filing Date
• 0000950170-24-117407 (accession_number) — Filing Identifier

FAQ

Key Financial Figures

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

Filing Documents

• pld-20240930.htm (10-Q) — 5721KB
• pld-ex15_1.htm (EX-15.1) — 7KB
• pld-ex15_2.htm (EX-15.2) — 7KB
• pld-ex22_1.htm (EX-22.1) — 15KB
• pld-ex31_1.htm (EX-31.1) — 13KB
• pld-ex31_2.htm (EX-31.2) — 14KB
• pld-ex31_3.htm (EX-31.3) — 13KB
• pld-ex31_4.htm (EX-31.4) — 13KB
• pld-ex32_1.htm (EX-32.1) — 9KB
• pld-ex32_2.htm (EX-32.2) — 8KB
• img139925867_0.jpg (GRAPHIC) — 10KB
• img139925867_1.jpg (GRAPHIC) — 40KB
• img139925867_2.jpg (GRAPHIC) — 48KB
• img139925867_3.jpg (GRAPHIC) — 59KB
• img139925867_4.jpg (GRAPHIC) — 24KB
• img139925867_5.jpg (GRAPHIC) — 50KB
• img139925867_6.jpg (GRAPHIC) — 29KB
• img139925867_7.jpg (GRAPHIC) — 25KB
• img139925867_8.jpg (GRAPHIC) — 47KB
• 0000950170-24-117407.txt ( ) — 21338KB
• pld-20240930.xsd (EX-101.SCH) — 1769KB
• pld-20240930_htm.xml (XML) — 5206KB

Financial Statements

Financial Statements 1 Prologis, Inc.: Consolidated Balance Sheets – September 30, 2024 and December 31, 2023 1 Consolidated Statements of Income – Three and Nine Months Ended September 30, 2024 and 2023 2 Consolidated Statements of Comprehensive Income – Three and Nine Months Ended September 30, 2024 and 2023 3 Consolidated Statements of Equity – Three and Nine Months Ended September 30, 2024 and 2023 4 Consolidated Statements of Cash Flows – Nine Months Ended September 30, 2024 and 2023 5 Prologis, L.P.: Consolidated Balance Sheets – September 30, 2024 and December 31, 2023 6 Consolidated Statements of Income – Three and Nine Months Ended September 30, 2024 and 2023 7 Consolidated Statements of Comprehensive Income – Three and Nine Months Ended September 30, 2024 and 2023 8 Consolidated Statements of Capital – Three and Nine Months Ended September 30, 2024 and 2023 9 Consolidated Statements of Cash Flows – Nine Months Ended September 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 18 Note 7. Long-Term Compensation 18 Note 8. Earnings Per Common Share or Unit 20 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) September 30, 2024 December 31, 2023 ASSETS Investments in real estate properties $ 92,093,573 $ 88,666,575 Less accumulated depreciation 12,332,799 10,931,485 Net investments in real estate properties 79,760,774 77,735,090 Investments in and advances to unconsolidated entities 10,092,765 9,543,970 Assets held for sale or contribution 325,987 461,657 Net investments in real estate 90,179,526 87,740,717 Cash and cash equivalents 780,871 530,388 Other assets 4,944,799 4,749,735 Total assets $ 95,905,196 $ 93,020,840 LIABILITIES AND EQUITY Liabilities: Debt $ 32,289,832 $ 29,000,501 Accounts payable and accrued expenses 1,808,142 1,766,018 Other liabilities 4,143,130 4,430,601 Total liabilities 38,241,104 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 September 30, 2024 and December 31, 2023 63,948 63,948 Common stock; $ 0.01 par value; 926,146 and 924,391 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 9,261 9,244 Additional paid-in capital 54,422,574 54,249,801 Accumulated other comprehensive loss ( 572,251 ) ( 514,201 ) Distributions in excess of net earnings ( 851,763 ) ( 627,068 ) Total Prologis, Inc. stockholders' equity 53,071,769 53,181,724 Noncontrolling interests 4,592,323 4,641,996 Total equity 57,664,092 57,823,720 Total liabilities and equity $ 95,905,196 $ 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) (

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View this 10-Q filing on SEC EDGAR