Prologis (PLD) Revenue — Quarter Ended Sep 30, 2024
Revenue for the reporting period rose compared with both the immediately preceding quarter and the same quarter one year earlier. The year-over-year increase was more pronounced than the sequential gain.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the reporting period rose compared with both the immediately preceding quarter and the same quarter one year earlier. The year-over-year increase was more pronounced than the sequential gain.
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
+1.4%
Change from the immediately preceding quarter.
Year-over-year
+6.4%
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, 2023 | $1.9B | +7.9% |
| Mar 31, 2024 | $2B | +10.6% |
| Jun 30, 2024 | $2B | -18.1% |
| Sep 30, 2024 | $2B | +6.4% |
Revenue performance
The reported revenue trended upward, with growth seen from the prior three-month period as well as from the comparable period a year ago. This marks a continuation of the positive trajectory observed in recent quarters.
Quarterly comparison
Compared with the preceding quarter, revenue improved modestly. The year-over-year comparison showed a larger increase, reflecting stronger performance relative to the same period in the prior year.
What to watch
Monitor whether the pace of revenue growth can be sustained in the coming periods, given the sequential moderation compared with the stronger year-over-year gain.