Prologis (PLD) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter declined from the preceding quarter but rose compared to the same quarter last year. The sequential decrease reversed a prior upward trend, while the year-over-year gain continued.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter declined from the preceding quarter but rose compared to the same quarter last year. The sequential decrease reversed a prior upward trend, while the year-over-year gain continued.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.9B
Revenue reported for this quarter.
Quarter-over-quarter
-21.9%
Change from the immediately preceding quarter.
Year-over-year
+9.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.9B
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 |
|---|---|---|
| Dec 31, 2022 | $1.8B | +37.1% |
| Mar 31, 2023 | $1.8B | +45.1% |
| Jun 30, 2023 | $2.5B | +95.8% |
| Sep 30, 2023 | $1.9B | +9.4% |
Revenue performance
Reported revenue decreased relative to the immediate prior quarter, but increased compared to the same quarter one year earlier.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was lower. Compared to the same quarter a year ago, revenue was higher.
What to watch
The company's exposure to foreign currency fluctuations and its hedging activities could influence future financial results.