Prologis (PLD) Revenue — Quarter Ended Mar 31, 2024
Revenue increased from the prior quarter and also rose compared to the same quarter last year. Additionally, foreign currency and derivative gains were higher than in the year-ago period.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue increased from the prior quarter and also rose compared to the same quarter last year. Additionally, foreign currency and derivative gains were higher than in the year-ago period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2B
Revenue reported for this quarter.
Quarter-over-quarter
+3.6%
Change from the immediately preceding quarter.
Year-over-year
+10.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.2B
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, 2023 | $2.5B | +95.8% |
| Sep 30, 2023 | $1.9B | +9.4% |
| Dec 31, 2023 | $1.9B | +7.9% |
| Mar 31, 2024 | $2B | +10.6% |
Revenue performance
The reported revenue grew sequentially and year over year, continuing an upward trajectory.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was higher, and it also exceeded the revenue from the same quarter one year earlier.
What to watch
Developments in foreign currency exposure and derivative activities may be worth monitoring.