Prologis (PLD) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter increased compared to the immediately preceding quarter but decreased compared to the same quarter last year. The sequential growth followed a pattern of rising revenue over the last several quarters, while the year-over-year comparison showed a decline.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter increased compared to the immediately preceding quarter but decreased compared to the same quarter last year. The sequential growth followed a pattern of rising revenue over the last several quarters, while the year-over-year comparison showed a decline.
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
+2.6%
Change from the immediately preceding quarter.
Year-over-year
-18.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.8B
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 |
|---|---|---|
| Sep 30, 2023 | $1.9B | +9.4% |
| Dec 31, 2023 | $1.9B | +7.9% |
| Mar 31, 2024 | $2B | +10.6% |
| Jun 30, 2024 | $2B | -18.1% |
Revenue performance
The sequential revenue improvement reflects a continuation of the upward trend observed in recent quarters. However, the year-over-year decline stands in contrast to the performance of the prior year's same period.
Quarterly comparison
Relative to the preceding quarter, revenue increased modestly. Compared with the same quarter one year earlier, revenue was lower.
What to watch
The divergence between the sequential and year-over-year revenue trends warrants attention in upcoming quarters.