NYSE$PLD

Prologis Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Prologis's Q1 2024 performance reflected its leadership in logistics real estate, marked by strategic capital deployment and robust operational metrics.

Prologis reported strong performance in Q1 2024, demonstrating its strength in the logistics real estate sector. The company owns or has investments in properties and development projects expected to total approximately 1.2 billion square feet.

  • Prologis has investments in properties and development projects expected to total approximately 1.2 billion square feet.
  • The company leases modern logistics facilities to approximately 6,700 customers.
  • The company generated $5.8B in annual NOI from operations.
  • Value creation from stabilizations amounted to $691M.

Headline financials

Total Revenue

$1.96B

Previous: $1.77B+10.6%
EPS

$0.63

Previous: $1.22-48.4%
Capital Expenditures

-$846M

Previous: -$989M+14.4%
Free Cash Flow

-$260M

Previous: -$524M+50.3%
Net Income

$586M

Previous: $465M+26.1%
Operating Income

$720M

Previous: $579M+24.4%
Gross Profit

$1.5B

Previous: $1.36B+10.8%
Cash & Equivalents

$501M

Previous: $523M-4.2%
Total Assets

$93.3B

Previous: $88.5B+5.4%
Stock-Based Comp

$67.2M

Previous: $62.9M+6.9%

Revenue & EPS history

Prologis · Revenue · Quarterly

$1.96B

Q1 2024+10.6%vs Q1 2023
Beat estimate in 15 of 15 quarters(100%)
ActualEstimate

Revenue by segment

Prologis · $137M total across 1 segment · Q3 2023

  • Strategic Capital
    $137M-77.0%

Forward guidance

Our guidance for 2024 is based on management’s current beliefs and assumptions about our business, the industry and the markets in which we operate.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

+0.1%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+1.7%

Avg return

30 days after

56%

37 / 66 earnings

Positive

+6.3%

Q3 2025

Best reaction

-8.8%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.7%+1.5%+0.6%
Q4 2025-1.9%-3.3%+8.2%
Q3 2025+6.3%+10.2%+6.4%
Q2 2025-0.3%+4.3%+8.6%
Q1 2025+1.8%+0.2%+12.3%
Q4 2024+5.2%+8.6%+10.4%
Q3 2024+1.1%-3.0%-6.6%
Q2 2024+0.9%+4.3%+1.1%
Q1 2024-8.8%-9.3%-2.8%
Q4 2023-2.9%-0.9%+2.6%
Q3 2023-5.9%-7.7%-0.6%
Q2 2023-4.1%-2.0%-6.1%
Q1 2023+1.6%+0.4%-0.9%
Q4 2022-0.1%+3.8%+3.2%
Q3 2022-3.2%-2.3%+8.2%
Q2 2022+3.4%+4.9%+13.5%
Q1 2022+5.9%+3.5%-26.6%
Q4 2021+0.5%-0.1%-7.1%
Q3 2021+3.0%+5.7%+9.6%
Q2 2021+0.6%+0.5%+4.1%
Q1 2021+1.9%+2.1%+2.5%
Q4 2020+0.6%+0.5%-1.3%
Q3 2020-0.4%+0.2%-2.9%
Q2 2020+3.9%+5.5%+8.4%
Q1 2020-0.7%+0.6%-2.4%
Q4 2019+0.1%-0.6%+3.8%
Q3 2019+3.2%+3.9%+3.3%
Q2 2019+2.1%+1.0%+1.6%
Q1 2019-2.0%-0.2%+4.3%
Q4 2018+0.6%+2.0%+9.8%
Q3 2018-0.3%+0.8%+5.8%
Q2 2018-3.2%-4.0%+0.9%
Q1 2018+4.9%+3.8%+1.1%
Q4 2017+2.2%+2.0%-5.0%
Q3 2017+0.5%-0.9%+3.2%
Q2 2017+2.7%+0.8%+4.8%
Q1 2017-1.7%-1.6%-0.9%
Q4 2016-2.0%-6.8%-4.3%
Q3 2016+0.2%+0.6%-6.4%
Q2 2016-0.0%+1.8%+3.5%
Q1 2016-0.2%
Q4 2015+3.3%
Q3 2015+1.2%
Q2 2015+1.2%
Q1 2015-1.6%
Q4 2014+1.2%
Q3 2014+1.8%
Q2 2014+1.1%
Q1 2014-1.1%
Q4 2011-0.0%
Q4 2013+4.7%
Q3 2013-0.6%
Q2 2013-1.9%
Q1 2013-1.2%
Q4 2012-2.1%
Q3 2012-1.7%
Q2 2012+2.7%
Q1 2012+0.4%
Q4 2009+0.6%
Q1 2010+0.6%
Q3 2011-6.0%
Q2 2011-5.4%
Q4 2010-5.4%
Q1 2011+1.1%
Q3 2010+0.8%
Q2 2010-0.4%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro