Prologis (PLD) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter was slightly lower than the prior quarter but remained above the level from a year ago. The annual report context describes the company's structure as a self-administered REIT with co-investment ventures, though no specific causes for the revenue change are discussed.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 FY
Revenue for the quarter was slightly lower than the prior quarter but remained above the level from a year ago. The annual report context describes the company's structure as a self-administered REIT with co-investment ventures, though no specific causes for the revenue change are discussed.
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
-1.3%
Change from the immediately preceding quarter.
Year-over-year
+7.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$8B
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 |
|---|---|---|
| Mar 31, 2023 | $1.8B | +45.1% |
| Jun 30, 2023 | $2.5B | +95.8% |
| Sep 30, 2023 | $1.9B | +9.4% |
| Dec 31, 2023 | $1.9B | +7.9% |
Revenue performance
Revenue edged down from the preceding quarter, reflecting a modest sequential decline. However, compared with the same quarter one year earlier, revenue increased.
Quarterly comparison
The slight quarter-over-quarter decrease followed a volatile pattern in prior periods. The year-over-year gain was consistent with the positive growth reported earlier in the fiscal year.
What to watch
With revenue stabilizing after significant fluctuations earlier in the year, future trends will depend on leasing demand and property performance.