Prologis (PLD) Revenue — Quarter Ended Mar 31, 2023
Prologis reported a slight revenue increase from the prior quarter and a substantial rise compared to the same quarter last year. The year-over-year growth remained robust while sequential growth was modest.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Prologis reported a slight revenue increase from the prior quarter and a substantial rise compared to the same quarter last year. The year-over-year growth remained robust while sequential growth was modest.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.8B
Revenue reported for this quarter.
Quarter-over-quarter
+1.0%
Change from the immediately preceding quarter.
Year-over-year
+45.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $1.3B | +8.8% |
| Sep 30, 2022 | $1.8B | +48.0% |
| Dec 31, 2022 | $1.8B | +37.1% |
| Mar 31, 2023 | $1.8B | +45.1% |
Revenue performance
Revenue for the quarter increased from the immediately preceding quarter and surged compared to the same period one year earlier.
Quarterly comparison
Relative to the prior quarter, revenue edged up, while versus the year-ago quarter, revenue showed a strong increase.
What to watch
The modest sequential growth may suggest a deceleration after a period of strong year-over-year gains.