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Tables in the 10-K of Prologis, Inc.

107 tables with numbers, filed Feb 14, 2025. Each one downloads as an Excel file or a CSV (numbers are stored as numbers), with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed. Open the filing on sec.gov ↗

← Filings of PLD

Table 1 after “Securities registered pursuant to Section 12(b) of the Act:”

Title of Each ClassTrading Symbol(s)Name of Each Exchange on Which Registered
Prologis, Inc.Common Stock, $0.01 par valuePLDNew York Stock Exchange
Prologis, L.P.3.000% Notes due 2026PLD/26New York Stock Exchange
Prologis, L.P.2.250% Notes due 2029PLD/29New York Stock Exchange
Prologis, L.P.5.625% Notes due 2040PLD/40New York Stock Exchange

Table 2 after “Table of Contents”

TABLE OF CONTENTS
ItemDescriptionPage
PART I
1.Business3
The Company3
Reportable Segments5
Future Growth7
Code of Ethics and Business Conduct11

First 8 of 53 rows. The download has all of them.

Table 3 after “The following table details our top 25 customers for our consolidated and O&M real estate properties at December 31, 2024 (square feet in mi”

Consolidated - Real Estate SegmentOwned and Managed
Top Customers% of NERTotal Occupied Square FeetTop Customers% of NERTotal Occupied Square Feet
1. Amazon6.0341. Amazon4.946
2. Home Depot2.8172. Home Depot1.819
3. FedEx1.773. FedEx1.311
4. UPS1.064. DHL1.113
5. Geodis0.965. Geodis1.115
6. NFI Industries0.746. CEVA Logistics1.013

First 8 of 29 rows. The download has all of them.

Table 4 after “The following table summarizes our total number of employees at December 31, 2024:”

Geographies
U.S. (1)1,595
Other Americas206
Europe627
Asia275
Total2,703

Table 5 after “Included in the operating property information below for our consolidated operating properties are 542 buildings owned primarily by one co-i”

Consolidated Operating PropertiesO&M
GeographiesRentable Square FootageGross Book ValueEncumbrances (1)Rentable Square FootageGross Book Value
U.S.:
Atlanta45$3,792$-52$4,399
Baltimore/Washington D.C.141,988-182,625
Central Valley211,841-231,990
Chicago545,166-706,753
Dallas/Ft. Worth514,637-605,510

First 8 of 38 rows. The download has all of them.

Table 6 after “Table of Contents”

Consolidated – Investment in LandConsolidated – Development Portfolio
GeographiesAcresEstimated Build Out Potential (square feet) (5)Current InvestmentRentable Square Footage Upon CompletionTEI (6)
U.S.:
Atlanta4645$531$162
Baltimore/Washington D.C.120162--
Central Valley80213206168
Chicago84124*63
Dallas/Ft. Worth39261391119

First 8 of 35 rows. The download has all of them.

Table 7 after “The following table summarizes our investment in consolidated real estate properties at December 31, 2024 (in millions):”

Investment Before Depreciation
Operating properties, excluding assets held for sale or contribution$78,279
Development portfolio, including cost of land2,829
Land4,454
Other real estate investments (1)5,684
Total consolidated real estate properties$91,246

Table 8 after “We generally lease our properties on a long-term basis (the weighted average term for leases commenced, including new leases and renewals, i”

NER
Occupied Square FeetDollars% of TotalDollars Per Square Foot
2025 (1)58$4308.0%$7.41
20269571513.3%7.53
202710182015.3%8.12
20288577514.5%9.12
20297874413.9%9.54
20305753610.0%9.40

First 8 of 16 rows. The download has all of them.

Table 9 after “Included in our O&M portfolio are consolidated and unconsolidated co-investment ventures that hold investments in real estate properties, pr”

Operating Properties
Square FeetGross Book ValueInvestment in LandDevelopment Portfolio – TEI
Consolidated Co-Investment Venture
U.S.:
Prologis U.S. Logistics Venture (“USLV”)77$8,279$4$-
Total77$8,279$4$-
Unconsolidated Co-Investment Ventures
U.S.:

First 8 of 24 rows. The download has all of them.

Table 10 after “We issued senior notes of $4.2 billion (principal in millions):”

Aggregate PrincipalIssuance Date Weighted Average
Issuance DateBorrowing CurrencyUSD (1)Interest RateYearsMaturity Dates
January$1,250$1,2505.1%17.3March 2034 – 2054
FebruaryCN¥1,500$2113.5%3.0February 2027
MarchC$550$4054.7%5.0March 2029
May€550$5924.0%10.0May 2034
May£350$4395.6%16.0May 2040
July$1,100$1,1005.1%17.5January 2035 – March 2054

First 8 of 11 rows. The download has all of them.

Table 11 after “per the Consolidated Financial Statements (in millions):”

20242023
Real estate segment:
Rental revenues$7,515$6,819
Development management and other revenues145
Rental expenses(1,765)(1,625)
Other expenses(47)(54)
Real Estate Segment – NOI5,7175,145
Strategic capital segment:

First 8 of 17 rows. The download has all of them.

Table 12 after “Below are the components of Real Estate Segment NOI, derived directly from line items in the Consolidated Financial Statements (in millions)”

20242023
Rental revenues$7,515$6,819
Development management and other revenues145
Rental expenses(1,765)(1,625)
Other expenses(47)(54)
Real Estate Segment – NOI$5,717$5,145

Table 13 after “The following table summarizes consolidated development activity (dollars and square feet in millions):”

20242023
Starts:
Number of new development buildings started during the period2655
Square feet713
TEI$1,235$3,361
Percentage of build-to-suits based on TEI28.6%54.0%
Stabilizations:
Number of development buildings stabilized during the period7261

First 8 of 15 rows. The download has all of them.

Table 14 after “Below are the components of Strategic Capital Segment NOI derived directly from the line items in the Consolidated Financial Statements (in ”

20242023
Strategic capital revenues$672$1,200
Strategic capital expenses(292)(385)
Strategic Capital Segment – NOI$380$815

Table 15 after “Below is additional detail of our Strategic Capital Segment revenues, expenses and NOI (in millions):”

U.S. (1)Other AmericasEuropeAsiaTotal
2024202320242023202420232024202320242023
Strategic capital revenues ($)
Recurring fees (2)16817160501701637476472460
Transactional fees (3)172177241813196165
Promote revenue (4)1126412533111-139675
Total strategic capital revenues ($)297833929019518288956721,200
Strategic capital expenses ($) (4)(155)(204)(21)(27)(76)(103)(40)(51)(292)(385)

First 8 of 9 rows. The download has all of them.

Table 16 after “The following table summarizes capitalized G&A (in millions):”

20242023
Building and land development activities$133$123
Operating building improvements and other5652
Total capitalized G&A expenses$189$175
Capitalized compensation and related costs as a percent of total24.4%23.8%

Table 17 after “See below for information on our O&M operating portfolio at December 31 (square feet in millions):”

20242023
Number of PropertiesSquare FeetPercentage OccupiedNumber of PropertiesSquare FeetPercentage Occupied
Consolidated2,98164495.4%2,95763197.6%
Unconsolidated2,42354896.6%2,24250797.5%
Total5,4041,19295.9%5,1991,13897.6%

Table 18 after “We evaluate the results of our same store portfolio on a quarterly basis. The following is a reconciliation of our consolidated rental reven”

Three Months Ended
March 31,June 30,September 30,December 31,Full Year
2024
Rental revenues$1,828$1,852$1,897$1,938$7,515
Rental expenses(454)(445)(427)(439)(1,765)
Property NOI$1,374$1,407$1,470$1,499$5,750
2023
Rental revenues$1,634$1,652$1,777$1,756$6,819

First 8 of 10 rows. The download has all of them.

Table 19 after “We evaluate the results of our same store portfolio on a quarterly basis. The following is a reconciliation of our consolidated rental reven”

Three Months Ended December 31,
20242023% Change
Reconciliation of Consolidated Property NOI to Same Store Property NOI measures:
Rental revenues$1,938$1,756
Rental expenses(439)(408)
Consolidated Property NOI$1,499$1,348
Adjustments to derive same store results:
Property NOI from consolidated properties not included in same store portfolio and other adjustments (1)(263)(174)

First 8 of 15 rows. The download has all of them.

Table 20 after “The following table details our net interest expense (dollars in millions):”

20242023
Gross interest expense$893$683
Amortization of debt discount and debt issuance costs, net7975
Capitalized amounts(108)(117)
Net interest expense$864$641
Weighted average effective interest rate during the year3.1%2.8%

Table 21 after “The following table details our foreign currency and derivative gains (losses), net included in earnings (in millions):”

20242023
Realized foreign currency and derivative gains, net:
Gains on the settlement of undesignated derivatives$53$60
Gains on the settlement of transactions with third parties11
Total realized foreign currency and derivative gains, net5461
Unrealized foreign currency and derivative gains (losses), net:
Gains (losses) on the change in fair value of undesignated derivatives and unhedged debt87(81)
Gains (losses) on remeasurement of certain assets and liabilities(20)10

First 8 of 10 rows. The download has all of them.

Table 22 after “The following table summarizes our income tax expense (benefit) (in millions):”

20242023
Current income tax expense (benefit):
Income tax expense$116$165
Income tax expense on dispositions3039
Income tax benefit on dispositions related to acquired tax liabilities-(11)
Total current income tax expense146193
Deferred income tax expense:
Income tax expense2118

First 8 of 10 rows. The download has all of them.

Table 23 after “The following table summarizes information about our consolidated debt by currency at December 31 (dollars in millions):”

20242023
Weighted Average Interest RateAmount Outstanding% of TotalWeighted Average Interest RateAmount Outstanding% of Total
British pound sterling3.1%$1,7155.6%2.1%$1,3004.5%
Canadian dollar4.7%1,2624.1%5.0%8302.9%
Chinese renminbi3.6%6332.0%3.7%2420.8%
Euro2.1%9,90032.1%2.0%10,08434.8%
Japanese yen1.1%2,9119.4%1.0%3,08610.6%
U.S. dollar4.1%14,45846.8%4.1%13,45946.4%

First 8 of 9 rows. The download has all of them.

Table 24 after “The following table summarizes the remaining equity commitments at December 31, 2024 (dollars in millions):”

Equity Commitments (1)
PrologisVenture PartnersTotalExpiration Date
Prologis Targeted U.S. Logistics Fund$-$94$942027 (2)
Prologis Brazil Logistics Venture331341672026
Prologis European Logistics Fund-29292027 (2)
Prologis Japan Core Logistics Fund844295132033
Prologis China Logistics Venture1861,0571,2432025 – 2028
Total$303$1,743$2,046

Table 25 after “The following table summarizes our cash flow activity (in millions):”

20242023
Net cash provided by (used in) operating activities$4,912$5,373
Net cash provided by (used in) investing activities$(3,099)$(6,419)
Net cash provided by (used in) financing activities$(1,000)$1,320
Net increase (decrease) in cash and cash equivalents, including the effect of foreign currency exchange rates on cash$788$252

Table 26 after “Our repurchase of and payments on debt and proceeds from the issuance of debt consisted of the following activity (in millions):”

20242023
Repurchase of and payments on debt (including extinguishment costs)
Regularly scheduled debt principal payments and payments at maturity$330$30
Secured mortgage debt89153
Senior notes-89
Term loans500-
Total$919$272
Proceeds from the issuance of debt

First 8 of 12 rows. The download has all of them.

Table 27 after “We had investments in and advances to our unconsolidated co-investment ventures of $9.3 billion at December 31, 2024. These ventures had tot”

Total Debt (1)Weighted Average Interest RateGross Book Value of Real Estate (1)Ownership %
Prologis Targeted U.S. Logistics Fund$5,3994.3%$15,52830.5%
FIBRA Prologis2,2425.1%6,39534.6%
Prologis European Logistics Fund6,3423.0%18,91826.3%
Nippon Prologis REIT2,2980.7%6,21515.1%
Prologis Japan Core Logistics Fund2831.1%52916.3%
Prologis China Core Logistics Fund9774.6%2,25415.5%
Prologis China Logistics Venture3854.6%77915.0%

First 8 of 9 rows. The download has all of them.

Table 28 after “assist investors in compensating for these limitations, we reconcile our modified FFO measures to our net earnings computed under GAAP as fo”

20242023
Reconciliation of net earnings attributable to common stockholders to FFO measures:
Net earnings attributable to common stockholders$3,726$3,053
Add (deduct) NAREIT defined adjustments:
Real estate related depreciation and amortization2,5042,434
Gains on other dispositions of investments in real estate, net of taxes (excluding development properties and land)(899)(158)
Adjustments related to noncontrolling interests(31)(38)
Our proportionate share of adjustments related to unconsolidated entities495455

First 8 of 22 rows. The download has all of them.

Table 29 after “We are also exposed to the impact of interest rate changes on future earnings and cash flows. To mitigate that risk, we generally borrow wit”

2025202620272028ThereafterTotalFair Value
Fixed rate debt$261$1,469$1,948$2,552$23,936$30,166$27,330
Weighted average interest rate (1)3.4%3.4%2.3%3.3%3.2%3.2%
Variable rate debt
Credit facilities$-$163$62$-$-$225$225
Secured mortgage debt45----4544
Senior notes-------
Term loans209542-641991,0141,012

First 8 of 9 rows. The download has all of them.

Table 30 after “TO THE CONSOLIDATED FINANCIAL STATEMENTS AND SCHEDULE III”

Page Number
Prologis, Inc. and Prologis, L.P.:
Reports of Independent Registered Public Accounting Firm52
Prologis, Inc.:
Consolidated Balance Sheets55
Consolidated Statements of Income56
Consolidated Statements of Comprehensive Income57
Consolidated Statements of Equity58

First 8 of 37 rows. The download has all of them.

Table 31 after “(In thousands, except per share data)”

December 31,
20242023
ASSETS
Investments in real estate properties$91,246,176$88,666,575
Less accumulated depreciation12,758,15910,931,485
Net investments in real estate properties78,488,01777,735,090
Investments in and advances to unconsolidated entities10,079,4489,543,970
Assets held for sale or contribution248,511461,657

First 8 of 29 rows. The download has all of them.

Table 32 after “(In thousands, except per share amounts)”

Years Ended December 31,
202420232022
Revenues:
Rental$7,514,705$6,818,542$4,913,171
Strategic capital671,9071,200,2321,039,585
Development management and other14,9984,69520,936
Total revenues8,201,6108,023,4695,973,692
Expenses:

First 8 of 35 rows. The download has all of them.

Table 33 after “)”

Years Ended December 31,
202420232022
Consolidated net earnings$3,947,935$3,253,145$3,555,398
Other comprehensive income:
Foreign currency translation gains (losses), net360,87420,763373,405
Unrealized gains (losses) on derivative contracts, net39,279(92,703)71,639
Comprehensive income4,348,0883,181,2054,000,442
Net earnings attributable to noncontrolling interests(216,300)(193,931)(190,542)

First 8 of 10 rows. The download has all of them.

Table 34 after “(In thousands)”

Common StockAccumulatedDistributions
NumberAdditionalOtherin Excess ofNon-
PreferredofParPaid-inComprehensiveNetcontrollingTotal
StockSharesValueCapitalIncome (Loss)EarningsInterestsEquity
Balance at January 1, 2022$63,948739,827$7,398$35,561,608$(878,253)$(1,327,828)$4,315,337$37,742,210
Consolidated net earnings-----3,364,856190,5423,555,398
Effect of equity compensation plans-393466,647--121,074187,725
Duke Transaction, net of issuance costs-182,6611,82718,551,852--219,56518,773,244

First 8 of 33 rows. The download has all of them.

Table 35 after “(In thousands)”

Years Ended December 31,
202420232022
Operating activities:
Consolidated net earnings$3,947,935$3,253,145$3,555,398
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Straight-lined rents and amortization of above and below market leases(644,606)(613,005)(267,709)
Equity-based compensation awards231,747267,648175,356
Depreciation and amortization2,580,5192,484,8911,812,777

First 8 of 48 rows. The download has all of them.

Table 36 after “(In thousands)”

December 31,
20242023
ASSETS
Investments in real estate properties$91,246,176$88,666,575
Less accumulated depreciation12,758,15910,931,485
Net investments in real estate properties78,488,01777,735,090
Investments in and advances to unconsolidated entities10,079,4489,543,970
Assets held for sale or contribution248,511461,657

First 8 of 28 rows. The download has all of them.

Table 37 after “(In thousands, except per unit amounts)”

Years Ended December 31,
202420232022
Revenues:
Rental$7,514,705$6,818,542$4,913,171
Strategic capital671,9071,200,2321,039,585
Development management and other14,9984,69520,936
Total revenues8,201,6108,023,4695,973,692
Expenses:

First 8 of 35 rows. The download has all of them.

Table 38 after “(In thousands)”

Years Ended December 31,
202420232022
Consolidated net earnings$3,947,935$3,253,145$3,555,398
Other comprehensive income:
Foreign currency translation gains (losses), net360,87420,763373,405
Unrealized gains (losses) on derivative contracts, net39,279(92,703)71,639
Comprehensive income4,348,0883,181,2054,000,442
Net earnings attributable to noncontrolling interests(123,192)(116,657)(98,611)

First 8 of 10 rows. The download has all of them.

Table 39 after “(In thousands)”

General PartnerLimited PartnersNon-
PreferredCommonCommonClass A Commoncontrolling
UnitsAmountUnitsAmountUnitsAmountUnitsAmountInterestsTotal
Balance at January 1, 20221,279$63,948739,827$33,362,92512,354$557,0978,595$360,702$3,397,538$37,742,210
Consolidated net earnings---3,364,856-57,620-34,31198,6113,555,398
Effect of equity compensation plans--39366,6511,064121,074---187,725
Duke Transaction, net of issuance costs--182,66118,553,6792,140217,385--2,18018,773,244
Capital contributions--------13,29513,295

First 8 of 32 rows. The download has all of them.

Table 40 after “(In thousands)”

Years Ended December 31,
202420232022
Operating activities:
Consolidated net earnings$3,947,935$3,253,145$3,555,398
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Straight-lined rents and amortization of above and below market leases(644,606)(613,005)(267,709)
Equity-based compensation awards231,747267,648175,356
Depreciation and amortization2,580,5192,484,8911,812,777

First 8 of 48 rows. The download has all of them.

Table 41 after “The aggregate equity consideration is calculated below (in millions, except price per share):”

Number of Prologis shares and units issued upon conversion of Duke's shares and units at October 3, 2022184.80
Multiplied by price of Prologis' common stock on September 30, 2022$101.60
Fair value of Prologis shares and units issued$18,776

Table 42 after “The total purchase price, including transaction costs, was allocated as follows (in millions):”

Net investments in real estate$24,915
Cash and other assets441
Debt(4,162)
Intangible liabilities, net of intangible assets (1)(1,457)
Accounts payable, accrued expenses and other liabilities(719)
Noncontrolling interests(2)
Total purchase price, including transaction costs$19,016

Table 43 after “Investments in real estate properties consisted of the following at December 31 (dollars and square feet in thousands):”

Square FeetNumber of Buildings
202420232024202320242023
Operating properties:
Buildings and improvements643,929630,9552,9872,960$54,840,666$52,626,191
Improved land23,438,68722,809,306
Development portfolio, including land costs:
Prestabilized5,38713,3691945813,0291,838,805
Properties under development18,30626,43866852,016,5842,528,650

First 8 of 13 rows. The download has all of them.

Table 44 after “Note 3, for the years ended December 31 (dollars and square feet in thousands):”

2024 (1)2023 (2)2022
Number of operating properties548523
Square feet11,04717,5035,169
Acres of land8891,6202,218
Acquisition cost of net investments in real estate, excluding other real estate investments$2,144,303$4,194,468$1,828,256
Acquisition cost of other real estate investments$596,607$101,382$641,168

Table 45 after “The following table summarizes our dispositions of net investments in real estate which include contributions to unconsolidated co-investmen”

202420232022
Dispositions of development properties and land, net (1)
Number of properties292221
Square feet8,2438,4377,676
Net proceeds$1,479,217$1,449,644$1,398,585
Gains on dispositions of development properties and land, net$413,743$462,270$597,745
Other dispositions of investments in real estate, net (2)
Number of properties10425103

First 8 of 11 rows. The download has all of them.

Table 46 after “December 31, 2024 (in thousands):”

2025$5,397,546
20265,086,934
20274,377,403
20283,575,743
20292,761,495
Thereafter10,190,560
Total$31,389,681

Table 47 after “December 31, 2024, with amounts discounted at lease commencement by our incremental borrowing rates to calculate the lease liabilities of ou”

2025$65,202
202656,694
202751,578
202849,818
202938,504
Thereafter1,218,764
Total undiscounted rental payments1,480,560
Less imputed interest865,255

First 8 of 9 rows. The download has all of them.

Table 48 after “The following table summarizes our investments in and advances to unconsolidated entities at December 31 (in thousands):”

20242023
Unconsolidated co-investment ventures$9,274,762$8,379,265
Other ventures (1)804,6861,164,705
Total$10,079,448$9,543,970

Table 49 after “The following table summarizes our investments in the individual co-investment ventures at December 31 (dollars in thousands):”

Ownership PercentageInvestment in and Advances to
Co-Investment Venture2024202320242023
Prologis Targeted U.S. Logistics Fund, L.P. (“USLF”)30.5%27.3%$3,022,568$2,256,939
FIBRA Prologis (1) (2)34.6%45.1%1,009,357959,421
Prologis Brazil Logistics Venture (“PBLV”) and other joint ventures (3)20.0%20.0%158,676192,987
Prologis European Logistics Fund (“PELF”)26.3%25.1%2,196,1802,098,180
Prologis European Logistics Partners (“PELP”) (3)50.0%50.0%2,174,5902,027,299
Nippon Prologis REIT, Inc. (“NPR”) (4) (5)15.1%15.1%523,204595,920

First 8 of 12 rows. The download has all of them.

Table 50 after “we recognized in the Consolidated Statements of Income related to our unconsolidated co-investment ventures for the years ended December 31 ”

202420232022
Recurring fees$464,292$450,682$455,385
Transactional fees58,51160,46767,048
Promote revenue (1)139,329674,629503,779
Total strategic capital revenues from unconsolidated co-investment ventures (2)$662,132$1,185,778$1,026,212

Table 51 after “The following table summarizes the key property information, financial position and operating information of our unconsolidated co-investmen”

U.S.Other Americas (1)EuropeAsiaTotal
At:2024202320242023202420232024202320242023
Key property information:
Ventures1122224499
Operating properties7677453912751,0371,0072412282,4362,255
Square feet134126856523222310094551508
Financial position:
Total assets ($)13,90311,8847,1124,10623,87323,5049,40410,22654,29249,720

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Table 52 after “The following table summarizes the key property information, financial position and operating information of our unconsolidated co-investmen”

U.S.Other Americas (1)EuropeAsiaTotal
Operating Information:202420232022202420232022202420232022202420232022202420232022
For the years ended:
Total revenues ($)1,4521,3151,1825254273831,8171,6951,4246386546294,4324,0913,618
Net earnings ($) (3)665344292217191137352341493(355)741148799501,036
Our earnings from unconsolidated co-investment ventures, net ($) (3)2019579686747125112150(57)1319337287295

Table 53 after “Assets held for sale or contribution consisted of the following at December 31 (dollars and square feet in thousands):”

20242023
Number of operating properties812
Square feet2,2293,469
Total assets held for sale or contribution$248,511$461,657
Total liabilities associated with assets held for sale or contribution – included in Other Liabilities$1,951$14,182

Table 54 after “The following table summarizes our other assets and liabilities, net of amortization and depreciation, if applicable, at December 31 (in tho”

20242023
Rent leveling$1,218,483$914,480
Leasing commissions860,556749,773
Acquired lease intangibles, net of $1.6 billion and $1.4 billion of accumulated amortization764,5461,010,615
Lease right-of-use assets (1)707,814683,707
Accounts receivable407,464325,698
Prepaid assets231,299248,597
Fixed assets212,318208,030

First 8 of 27 rows. The download has all of them.

Table 55 after “(in thousands):”

Amortization ExpenseNet Increase (Decrease) to Rental Revenues
2025$360,031$458,681
2026298,640227,003
2027239,106117,305
2028183,02336,431
2029134,3394,207
Thereafter347,445(345,796)
Total$1,562,584$497,831

Table 56 after “All debt is incurred by the OP or its consolidated subsidiaries. The following table summarizes our debt at December 31 (dollars in thousand”

20242023
Weighted AverageAmountWeighted AverageAmount
Interest Rate (1)Years (2)Outstanding (3)Interest Rate (1)Years (2)Outstanding (3)
Credit facilities and commercial paper4.1%1.8$224,9665.9%3.1$979,313
Senior notes (4)3.2%9.828,322,1632.9%10.125,311,647
Term loans and unsecured other2.0%4.42,013,3172.8%3.72,330,520
Secured mortgage (5)4.3%3.2318,8173.9%3.4379,021
Total3.1%9.4$30,879,2633.0%9.3$29,000,501

Table 57 after “We borrow in the functional currencies of the countries where we invest. Included in the outstanding balances at December 31 were borrowings”

20242023
Weighted Average Interest RateAmount Outstanding% of TotalWeighted Average Interest RateAmount Outstanding% of Total
British pound sterling3.1%$1,714,6535.6%2.1%$1,299,6284.5%
Canadian dollar4.7%1,262,5084.1%5.0%829,8862.9%
Chinese renminbi3.6%632,8732.0%3.7%241,8200.8%
Euro2.1%9,900,60232.1%2.0%10,083,60134.8%
Japanese yen1.1%2,910,7559.4%1.0%3,085,97010.6%
U.S. dollar4.1%14,457,87246.8%4.1%13,459,59646.4%

First 8 of 9 rows. The download has all of them.

Table 58 after “The following table summarizes information about our Credit Facility activity and available liquidity (dollars in millions):”

202420232022
Credit Facility activity for the years ended December 31:
Weighted average daily interest rate4.4%4.3%1.7%
Weighted average daily borrowings$519$411$519
Maximum borrowings outstanding at any month-end$1,031$1,587$1,538
Available liquidity at December 31:
Aggregate lender commitments
Credit Facilities$6,313$6,477$5,441

First 8 of 15 rows. The download has all of them.

Table 59 after “2024 (principal in thousands):”

Aggregate PrincipalIssuance Date Weighted Average
Issuance DateBorrowing CurrencyUSD (1)Interest RateYearsMaturity Dates
January$1,250,000$1,250,0005.1%17.3March 2034 – 2054
FebruaryCN¥1,500,000$211,0243.5%3.0February 2027
MarchC$550,000$405,1474.7%5.0March 2029
May€550,000$592,1304.0%10.0May 2034
May£350,000$439,1475.6%16.0May 2040
July$1,100,000$1,100,0005.1%17.5January 2035 – March 2054

First 8 of 10 rows. The download has all of them.

Table 60 after “The following table summarizes our outstanding term loans at December 31 (dollars and borrowing currency in thousands):”

Term LoanBorrowing CurrencyIssuance DateLender Commitment at 2024Amount Outstanding at 2024Amount Outstanding at 2023Interest RateMaturity Date
Borrowing CurrencyUSDUSDUSD
March 2017 Yen Term Loan (1)JPYMarch 2017¥12,000,000$76,455$76,455$84,8200.9% and 1.0%March 2027 – 2028
October 2017 Yen Term LoanJPYOctober 2017¥10,000,000$63,71363,71370,6840.9%October 2032
December 2018 Yen Term Loan (1)JPYDecember 2018¥20,000,000$127,426127,426141,3681.2% and TIBOR + 0.7%December 2031 – June 2033
January 2019 Yen Term Loan (1)JPYJanuary 2019¥15,000,000$95,56995,569106,026TIBOR + 0.5% to 0.6%January 2028 – 2030
March 2019 Yen Term LoanJPYMarch 2019¥85,000,000$541,558541,558600,812TIBOR + 0.4%March 2026
June 2022 Yen Term Loan (1)JPYJune 2022¥25,000,000$159,281159,281176,7101.1% and 1.2%June 2032 – 2034

First 8 of 18 rows. The download has all of them.

Table 61 after “December 31, 2024 (in thousands):”

Unsecured
Credit Facilities andSeniorTerm LoansSecured
MaturityCommercial PaperNotesand OtherMortgageTotal
2025 (1) (2)$-$31,856$308,978$173,389$514,223
2026 (3)162,6321,284,618680,70045,5422,173,492
2027 (4)62,3341,898,05545,8734,1562,010,418
2028-2,518,70894,2953,0412,616,044
2029-3,193,130-3,1913,196,321

First 8 of 13 rows. The download has all of them.

Table 62 after “The following table summarizes the components of interest expense for the years ended December 31 (in thousands):”

2024 (1)20232022
Gross interest expense$892,612$683,363$345,398
Amortization of debt discounts (premiums), net52,24951,9806,602
Amortization of debt issuance costs, net26,63622,60917,134
Interest expense before capitalization$971,497$757,952$369,134
Capitalized amounts(107,565)(116,620)(60,097)
Net interest expense$863,932$641,332$309,037
Total cash paid for interest, net of amounts capitalized$710,754$457,021$234,131

Table 63 after “The following summarizes the taxability of our common and preferred stock dividends for the years ended December 31:”

202420232022
Common Stock:
Ordinary income$3.50$3.29$3.08
Qualified dividend0.010.000.02
Capital gains0.330.190.06
Total dividend$3.84$3.48$3.16
Preferred Stock – Series Q:
Ordinary income$3.90$4.05$4.16

First 8 of 11 rows. The download has all of them.

Table 64 after “The following table summarizes these entities at December 31 (dollars in thousands):”

Our Ownership PercentageNoncontrolling InterestsTotal AssetsTotal Liabilities
20242023202420232024202320242023
Prologis U.S. Logistics Venture55.0%55.0%$3,091,941$3,147,790$7,014,774$7,142,889$149,823$156,303
Other consolidated entities (1)variousvarious231,106176,4853,031,6082,369,959399,277333,114
Prologis, L.P.3,323,0473,324,27510,046,3829,512,848549,100489,417
Limited partners in Prologis, L.P. (2)(3)1,342,5851,317,721----
Prologis, Inc.$4,665,632$4,641,996$10,046,382$9,512,848$549,100$489,417

Table 65 after “The following table details the assumptions used for each POP grant based on the year it was granted (dollars in thousands):”

202420232022
Risk free interest rate4.2%4.2%1.0%
Prologis expected volatility27.0%35.0%31.0%
Index expected volatility20.0%31.0%29.0%
Grant date fair value$19,000$28,300$30,400

Table 66 after “The following table summarizes the activity for PSUs for the year ended December 31, 2024 (units in thousands):”

Unvested PSUsWeighted Average Grant Date Fair Value
Balance at January 1, 2024-$-
Granted244129.10
Vested and distributed--
Forfeited--
Balance at December 31, 2024244$129.10

Table 67 after “The following table summarizes the activity for RSUs for the year ended December 31, 2024 (units in thousands):”

Unvested RSUsWeighted Average Grant Date Fair Value
Balance at January 1, 20242,097$98.23
Granted820111.00
Vested and distributed(757)108.04
Forfeited(97)104.73
Balance at December 31, 20242,063$99.39

Table 68 after “December 31, 2024 (units in thousands):”

Unvested LTIP UnitsWeighted Average Grant Date Fair Value
Balance at January 1, 20245,379$76.72
Granted1,27498.19
Vested LTIP Units(1,357)113.19
Forfeited(46)117.59
Balance at December 31, 20245,250$72.15

Table 69 after “The following table summarizes the components of earnings before income taxes for the years ended December 31 (in thousands):”

202420232022
Domestic$3,595,449$2,891,644$2,423,809
International519,429572,5391,267,001
Earnings before income taxes$4,114,878$3,464,183$3,690,810

Table 70 after “The following table summarizes the components of the provision for income taxes for the years ended December 31 (in thousands):”

202420232022
Current income tax expense (benefit):
U.S. federal$(17,082)$(953)$(6,645)
International152,891175,121112,489
State and local9,97319,16216,930
Total current income tax expense145,782193,330122,774
Deferred income tax expense:
U.S. federal18,22212,9363,359

First 8 of 11 rows. The download has all of them.

Table 71 after “The following table summarizes the deferred income tax assets and liabilities at December 31 (in thousands):”

20242023
Gross deferred income tax assets:
NOL carryforwards$263,597$246,768
Basis difference – real estate properties43,22648,460
Basis difference – equity investments18,43418,051
Section 163(j) interest limitation2,1051,689
Capital loss carryforward6,0967,161
Other – temporary differences29,9089,142

First 8 of 17 rows. The download has all of them.

Table 72 after “December 31, 2024, we had NOL carryforwards as follows (in thousands):”

U.S.EuropeMexicoJapanOther
Gross NOL carryforward$81,637$559,070$240,939$54,200$34,157
Tax-effected NOL carryforward21,093150,43475,4298,0368,605
Valuation allowance21,093140,45375,4298,0368,605
Net deferred tax asset – NOL carryforward$-$9,981$-$-$-
Expiration periods2025 – 20442025 – indefinite2025 – 20342025 – 20342025 – indefinite

Table 73 after “The computation of our basic and diluted earnings per share and unit for the years ended December 31 was as follows (in thousands, except pe”

Prologis, Inc.202420232022
Net earnings attributable to common stockholders – Basic$3,725,754$3,053,373$3,358,796
Net earnings attributable to exchangeable limited partnership units (1)94,05277,80692,236
Adjusted net earnings attributable to common stockholders – Diluted$3,819,806$3,131,179$3,451,032
Weighted average common shares outstanding – Basic926,172924,351785,675
Incremental weighted average effect on exchange of limited partnership units (1)23,44523,69321,803
Incremental weighted average effect of equity awards3,9733,7474,130
Weighted average common shares outstanding – Diluted (2)953,590951,791811,608

First 8 of 11 rows. The download has all of them.

Table 74 after “The computation of our basic and diluted earnings per share and unit for the years ended December 31 was as follows (in thousands, except pe”

Prologis, L.P.202420232022
Net earnings attributable to common unitholders$3,818,862$3,130,647$3,450,727
Net earnings attributable to Class A Units(30,308)(26,784)(34,311)
Net earnings attributable to common unitholders – Basic3,788,5543,103,8633,416,416
Net earnings attributable to Class A Units30,30826,78434,311
Net earnings attributable to exchangeable other limited partnership units944532305
Adjusted net earnings attributable to common unitholders – Diluted$3,819,806$3,131,179$3,451,032
Weighted average common partnership units outstanding – Basic941,782939,635799,153

First 8 of 15 rows. The download has all of them.

Table 75 after “:”

202420232022
Class A Units7,5368,1108,026
Other limited partnership units299299299
Equity awards7,6887,4556,298
Prologis, L.P.15,52315,86414,623
Common limited partnership units15,61015,28413,478
Prologis, Inc.31,13331,14828,101

Table 76 after “in the Consolidated Balance Sheets at December 31 (in thousands):”

20242023
AssetLiabilityAssetLiability
Undesignated derivatives
Foreign currency contracts
Forwards
Brazilian real$-$-$-$291
British pound sterling8,7854229,6089,862
Canadian dollar15,503-4,4801,225

First 8 of 24 rows. The download has all of them.

Table 77 after “The following table summarizes the activity of our undesignated foreign currency contracts for the years ended December 31 (in millions, exc”

202420232022
CADEURGBPJPYOtherTotalCADEURGBPJPYOtherTotalCADEURGBPJPYOtherTotal
Notional amounts at January 1 ($)213524442384561,619283601349331811,6451757493832501051,662
New contracts ($)102165334107(74)63415173192140(10)510172658264181921,367
Matured, expired or settled contracts ($)(61)(163)(390)(179)(9)(802)(85)(250)(99)(87)(15)(536)(64)(806)(298)(100)(116)(1,384)
Notional amounts at December 31 ($)254526386312(27)1,451213524442384561,619283601349331811,645
Weighted average forward rate at December 311.311.151.28120.371.301.161.27115.401.291.181.31109.79
Active contracts at December 3110186827774729696103979096

Table 78 after “in the Consolidated Statements of Income for the years ended December 31 (in millions, except for number of exercised contracts):”

202420232022
Exercised contracts254218158
Realized gains on the matured, expired or settled contracts$53$60$145
Unrealized gains (losses) on the change in fair value of outstanding contracts$53$(58)$39

Table 79 after “The following table summarizes the activity of our foreign currency contracts designated as NIHs for the years ended December 31 (in million”

202420232022
CADGBPTotalCADCNHGBPTotalCADGBPTotal
Notional amounts at January 1 ($)516432948534-440974535432967
New contracts ($)1635236864671003439109644401,404
Matured, expired or settled contracts ($)(516)(523)(1,039)(485)(100)(351)(936)(965)(432)(1,397)
Notional amounts at December 31 ($)163432595516-432948534440974
Weighted average forward rate at December 311.371.261.33-1.261.291.28
Active contracts at December 31246-464

Table 80 after “The following table summarizes the activity of our interest rate contracts designated as CFHs for the years ended December 31 (in millions):”

202420232022
EURUSDGBPTotalEURUSDTotalEURUSDCADJPYTotal
Notional amounts at January 1 ($)700550-1,250447150597165---165
New contracts ($)-7802461,0261,1132,3003,4131,0044001841041,692
Matured, expired or settled contracts ($)(700)(1,050)(246)(1,996)(860)(1,900)(2,760)(722)(250)(184)(104)(1,260)
Notional amounts at December 31 ($)-280-2807005501,250447150--597

Table 81 after “The following table summarizes our debt and accrued interest, designated as a hedge of our net investment in international subsidiaries at D”

202420232022
British pound sterling$1,763$1,305$1,237
Canadian dollar$758$373$370

Table 82 after “in the Consolidated Statements of Income on the remeasurement of the unhedged portion of our euro-denominated and Chinese renminbi-denominat”

202420232022
Unrealized gains (losses) on the unhedged portion$34$(23)$44

Table 83 after “for the years ended December 31 (in thousands):”

Unrealized gains (losses) on CFHs (1)Our share of derivatives from unconsolidated venturesDerivative NIHsDebt designated as nonderivative NIHs (2)CTATotal AOCI/L
Balance at January 1, 2022$(14,042)$(2,748)$237,961$194,563$(1,293,987)$(878,253)
Other comprehensive income (loss), net44,58725,33295,012135,420134,293434,644
Balance at December 31, 2022$30,545$22,584$332,973$329,983$(1,159,694)$(443,609)
Other comprehensive income (loss), net(76,289)(14,170)(22,447)(75,881)118,195(70,592)
Balance at December 31, 2023$(45,744)$8,414$310,526$254,102$(1,041,499)$(514,201)
Other comprehensive income (loss), net34,0854,23831,32673,795250,542393,986
Balance at December 31, 2024$(11,659)$12,652$341,852$327,897$(790,957)$(120,215)

Table 84 after “The following table reflects the carrying amounts and estimated fair values of our debt at December 31 (in thousands):”

20242023
Carrying ValueFair ValueCarrying ValueFair Value
Credit facilities and commercial paper$224,966$224,966$979,313$979,313
Senior notes28,322,16326,095,90125,311,64723,121,936
Term loans and unsecured other2,013,3171,991,9342,330,5202,322,827
Secured mortgage318,817298,452379,021357,731
Total$30,879,263$28,611,253$29,000,501$26,781,807

Table 85 after “Table of Contents”

Years Ended December 31,
202420232022
Revenues:
Real estate segment:
U.S.$7,216,817$6,558,051$4,726,072
Other Americas137,893110,30592,751
Europe115,10395,91556,731
Asia59,89058,96658,553

First 8 of 55 rows. The download has all of them.

Table 86 after “Table of Contents”

December 31,
20242023
Segment assets:
Real estate segment:
U.S.$76,857,293$76,633,566
Other Americas2,814,1412,029,438
Europe2,554,5142,366,539
Asia719,810793,916

First 8 of 22 rows. The download has all of them.

Table 87 after “The following table details our selected quarterly financial data (in thousands, except per share and unit data):”

Three Months Ended
Prologis, Inc.March 31,June 30,September 30,December 31,
2024:
Rental revenues$1,827,658$1,852,376$1,897,164$1,937,507
Total revenues$1,956,621$2,007,954$2,036,389$2,200,646
Rental expenses$(454,257)$(445,235)$(427,425)$(438,468)
Gains on dispositions of development properties and land, net$40,308$87,174$32,005$254,256
Gains on other dispositions of investments in real estate, net$17,534$199,326$434,446$252,830

First 8 of 47 rows. The download has all of them.

Table 88 after “(In thousands of U.S. dollars, as applicable)”

Initial Cost to PrologisCosts CapitalizedGross Amounts at Which Carried at December 31, 2024
DescriptionNo. of Bldgs.Encum- brancesLandBuilding & ImprovementsSubsequent to AcquisitionLandBuilding & ImprovementsTotal (a,b)Accumulated Depreciation (c)Date of Construction/ Acquisition
Operating Properties
U.S. Markets
Atlanta179813,7182,332,278645,540839,5642,951,9723,791,536(581,128)1994-2023
Austin1012,78352,33512,07112,83764,35277,189(33,469)1994-2015
Baltimore/Washington100560,0921,074,578353,379576,5991,411,4501,988,049(298,387)1995-2023
Central PA33287,4991,003,135198,234305,2621,183,6061,488,868(313,112)2004-2023

First 8 of 59 rows. The download has all of them.

Table 89 after “(In thousands of U.S. dollars, as applicable)”

Initial Cost to PrologisCosts CapitalizedGross Amounts at Which Carried at December 31, 2024Date of
DescriptionNo. of Bldgs.Encum- brancesLandBuilding & ImprovementsSubsequent to AcquisitionLandBuilding & ImprovementsTotal (a,b)Accumulated Depreciation (c)Construction/ Acquisition (f)
Development Portfolio
U.S. Markets
Atlanta335,883-44,08835,88344,08879,971
Austin4101,412-274,419101,412274,419375,831
Central PA113,549-55,47613,54955,47669,0252024
Central Valley15,678-13,6875,67813,68719,365

First 8 of 42 rows. The download has all of them.

Table 90 after “The following table reconciles real estate assets per Schedule III to the Consolidated Balance Sheets in Item 8. Financial Statements and Su”

Total operating properties and development portfolio per Schedule III$81,108,966(g)
Land4,453,522
Other real estate investments (i)5,683,688
Total per Consolidated Balance Sheets$91,246,176

Table 91 after “The following table summarizes our real estate assets and accumulated depreciation per Schedule III for the years ended December 31 (in thou”

202420232022
Real estate assets:
Balance at beginning of year$79,802,952$73,250,949$47,183,100
Acquisitions of and improvements to operating properties, development activity and net effect of changes in foreign exchange rates and other5,627,1717,138,28325,281,173
Basis of operating properties disposed of(2,481,169)(404,914)(445,558)
Change in the development portfolio balance, including the acquisition of properties(1,537,842)155,3011,482,814
Assets transferred to held for sale and contribution(302,146)(336,667)(250,580)
Balance at end year$81,108,966$79,802,952$73,250,949

First 8 of 14 rows. The download has all of them.

Table 92 after “ertain of the following documents are filed herewith. Certain other of the following documents that have been previously filed with the Secu”

2.1‡Agreement and Plan of Merger, dated as of June 11, 2022, by and among the Prologis Parties and the DRE Parties (incorporated by reference to Exhibit 2.1 to Prologis’ Current Report on Form 8-K filed on June 13, 2022).
2.2Letter Agreement, dated as of September 16, 2022, by and among the Prologis Parties and the DRE Parties (incorporated by reference to Exhibit 2.1 to Prologis' Current Form 8-K filed on September 16, 2022).
3.1Articles of Incorporation of Prologis (incorporated by reference to Exhibit 3.1 to Prologis’ Registration Statement on Form S-11/A (No. 333-35915) filed on November 4, 1997).
3.2Articles Supplementary establishing and fixing the rights and preferences of the Series Q Cumulative Redeemable Preferred Stock of Prologis (incorporated by reference to Exhibit 3.4 to Prologis’ Registration Statement on Form 8-A filed on June 2, 2011).
3.3Articles of Merger of New Pumpkin Inc., a Maryland corporation, with and into Prologis, Inc., a Maryland corporation, changing the name of “AMB Property Corporation” to “Prologis, Inc.”, as filed with the Stated Department of Assessments and Taxation of Maryland on June 2, 2011, and effective June 3, 2011 (incorporated by reference to Exhibit 3.1 to Prologis’ Current Report on Form 8-K filed on June 8, 2011).
3.4Articles of Amendment (incorporated by reference to Exhibit 3.1 to Prologis’ Current Report on Form 8-K filed on May 8, 2012).
3.5Thirteenth Amended and Restated Agreement of Limited Partnership of the Operating Partnership (incorporated by reference to Exhibit 3.6 to Prologis’ Current Report on Form 8-K filed on June 8, 2011).
3.6First Amendment to Thirteenth Amended and Restated Agreement of Limited Partnership of Prologis, L.P., dated February 27, 2014 (incorporated by reference to Exhibit 3.1 to Prologis’ Current Report on Form 8-K filed on February 27, 2014).

First 8 of 20 rows. The download has all of them.

Table 93 after “Table of Contents”

4.4Indenture, dated as of June 8, 2011, by and among the Operating Partnership, as issuer, Prologis, as guarantor, and U.S. Bank National Association, as trustee (incorporated by reference to Exhibit 4.2 to Prologis’ Registration Statement on Form S-3 (No. 333-177112) filed on September 30, 2011).
4.5Fifth Supplemental Indenture, dated as of August 15, 2013, among Prologis, Inc., Prologis, L.P. and U.S. Bank National Association (incorporated by reference to Exhibit 4.1 to Prologis’ Current Report on Form 8-K filed on August 15, 2013).
4.6Form of Sixth Supplemental Indenture among Prologis, Inc., Prologis, L.P., Elavon Financial Services Limited, UK Branch, Elavon Financial Services Limited and U.S. Bank National Association (incorporated by reference to Exhibit 4.1 to Prologis’ Current Report on Form 8-K filed on December 2, 2013).
4.7Form of Seventh Supplemental Indenture among Prologis, Inc., Prologis, L.P., Elavon Financial Services Limited, UK Branch, Elavon Financial Services Limited and U.S. Bank National Association (incorporated by reference to Exhibit 4.1 to Prologis’ Current Report on Form 8-K filed on February 18, 2014).
4.8Form of Eighth Supplemental Indenture among Prologis, Inc., Prologis, L.P., U.S. Bank National Association and Elavon Financial Services DAC, UK Branch (incorporated by reference to Exhibit 4.1 to Prologis’ Current Report Form 8-K filed on June 6, 2017).
4.9Indenture dated as of August 1, 2018 among Prologis Euro Finance LLC, Prologis, L.P. and U.S. Bank National Association, as trustee (incorporated by reference to Exhibit 4.1 to Prologis’ Registration Statement on Form 8-K/A filed on August 1, 2018).
4.10First Supplemental Indenture dated as of August 1, 2018 among Prologis Euro Finance LLC, Prologis, L.P., U.S. Bank National Association, as trustee, transfer agent and security registrar and Elavon Financial Services DAC, UK Branch, as paying agent (incorporated by reference to Exhibit 4.2 to Prologis’ Registration Statement on Form 8-K/A filed on August 1, 2018).
4.11Form of lndenture dated as of September 25, 2018 among Prologis Yen Finance LLC, Prologis, L.P. and U.S. Bank National Association, as trustee (incorporated by reference to Exhibit 4.9 to Prologis’ Current Report Form 8-K/A filed on September 24, 2018).

First 8 of 19 rows. The download has all of them.

Table 94 after “Table of Contents”

4.23Form of 1.15% Notes due 2039 (incorporated by reference to Exhibit 4.2 to Prologis’ Current Report Form 10-Q for the quarter ended March 31, 2019 filed on April 23, 2019).
4.24Form of 0.250% Notes due 2027 (incorporated by reference to Exhibit 4.2 to Prologis’ Registration Statement 8-A12B filed on September 10, 2019).
4.25Form of 0.625% Notes due 2031 (incorporated by reference to Exhibit 4.4 to Prologis’ Registration Statement 8-A12B filed on September 10, 2019).
4.26Form of 1.500% Notes due 2049 (incorporated by reference to Exhibit 4.6 to Prologis’ Registration Statement 8-A12B filed on September 10, 2019).
4.27Form of Officers’ Certificate related to the 3.00% Notes due 2026 (incorporated by reference to Exhibit 4.1 to Prologis’ Current Report on Form 8-K filed on May 28, 2014).
4.28Form of Officers’ Certificate related to 2.250% Notes due 2029 (incorporated by reference to Exhibit 4.2 to Prologis’ Current Report Form 8-K filed on June 6, 2017).
4.29Form of Officers’ Certificate related to 3.875% Notes Due 2028 (incorporated by reference to Exhibit 4.3 to Prologis’ Current Report Form 8-K/A filed on June 20, 2018).
4.30Form of Officers’ Certificate related to 4.375% Notes Due 2048 (incorporated by reference to Exhibit 4.4 to Prologis’ Current Report Form 8-K/A filed on June 20, 2018).

First 8 of 21 rows. The download has all of them.

Table 95 after “Table of Contents”

4.44Form of Officers’ Certificate related to the 3.250% Notes due 2026 (incorporated by reference to Exhibit 4.1 to Prologis L.P.’s Current Report on Form 8-K filed on February 14, 2020).
4.45Form of 3.250% Notes due 2026 (incorporated by reference to Exhibit 4.2 to Prologis L.P.’s Current Report on Form 8-K filed on February 14, 2020).
4.46Form of Officers’ Certificate related to the 4.375% Notes due 2029 (incorporated by reference to Exhibit 4.3 to Prologis L.P.’s Current Report Form 8-K filed on February 14, 2020).
4.47Form of 4.375% Notes due 2029 (incorporated by reference to Exhibit 4.4 to Prologis L.P.’s Current Report Form 8-K filed on February 14, 2020).
4.48Form of Officers’ Certificate related to the 2.125% Notes due 2027 (incorporated by reference to Exhibit 4.5 to Prologis L.P.’s Current Report Form 8-K filed on February 14, 2020).
4.49Form of 2.125% Notes due 2027 (incorporated by reference to Exhibit 4.6 to Prologis L.P.’s Current Report Form 8-K filed on February 14, 2020).
4.50Form of Officers’ Certificate related to the 2.250% Notes due 2030 (incorporated by reference to Exhibit 4.7 to Prologis L.P.’s Current Report Form 8-K filed on February 14, 2020).
4.51Form of 2.250% Notes due 2030 (incorporated by reference to Exhibit 4.8 to Prologis L.P.’s Current Report Form 8-K filed on February 14, 2020).

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Table 96 after “Table of Contents”

4.66Form of Officers’ Certificate related to the 2.125% Notes due 2050 (incorporated by reference to Exhibit 4.3 to Prologis’ Current Report Form 8-K filed on August 19, 2020).
4.67Form of 2.125% Notes due 2050 (incorporated by reference to Exhibit 4.4 to Prologis’ Current Report Form 8-K filed on August 19, 2020).
4.68Form of Officers’ Certificate related to the 0.500% Notes due 2032 (incorporated by reference to Exhibit 4.1 to Prologis’ Current Report Form 8-K filed on February 16, 2021).
4.69Form of 0.500% Notes due 2032 (incorporated by reference to Exhibit 4.2 to Prologis' Current Report Form 8-K filed on February 16, 2021).
4.70Form of Officers’ Certificate related to the 1.000% Notes due 2041 (incorporated by reference to Exhibit 4.3 to Prologis’ Current Report Form 8-K filed on February 16, 2021).
4.71Form of 1.000% Notes due 2041 (incorporated by reference to Exhibit 4.4 to Prologis' Current Report Form 8-K filed on February 16, 2021).
4.72Form of Officers’ Certificate related to the 1.625% Notes due 2031 (incorporated by reference to Exhibit 4.1 to Prologis’ Current Report Form 8-K filed on February 19, 2021).
4.73Form of 1.625% Notes due 2031 (incorporated by reference to Exhibit 4.2 to Prologis' Current Report Form 8-K filed on February 19, 2021).

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Table 97 after “Table of Contents”

4.87Form of 1.500% Notes due 2034 (incorporated by reference to Exhibit 4.6 to Prologis’ Current Report Form 8-K filed on February 8, 2022).
4.88Form of Officers’ Certificate related to the 4.625% Notes due 2033 (incorporated by reference to Exhibit 4.1 to Prologis’ Current Report Form 8-K filed on September 15, 2022).
4.89Form of 4.625% Notes due 2033 (incorporated by reference to Exhibit 4.2 to Prologis' Current Report Form 8-K filed on September 15, 2022).
4.90Form of 3.250% Senior Notes due 2026 (incorporated by reference to Exhibit 4.1 to Prologis' Current Report Form 8-K filed on October 6, 2022).
4.91Officers’ Certificate related to the 3.250% Senior Notes due 2026 (incorporated by reference to Exhibit 4.2 to Prologis' Current Report Form 8-K filed on October 6, 2022).
4.92Form of 3.375% Senior Notes due 2027 (incorporated by reference to Exhibit 4.3 to Prologis' Current Report Form 8-K filed on October 6, 2022).
4.93Officers’ Certificate related to the 3.375% Senior Notes due 2027 (incorporated by reference to Exhibit 4.4 to Prologis' Current Report Form 8-K filed on October 6, 2022).
4.94Form of 7.250% Senior Notes due June 2028 (incorporated by reference to Exhibit 4.5 to Prologis' Current Report Form 8-K filed on October 6, 2022).

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Table 98 after “Table of Contents”

4.108Ninth Supplemental Indenture, dated November 3, 2022, by and among Prologis, L.P., Prologis, Inc. and U.S. Bank Trust Company, National Association (incorporated by reference to Exhibit 4.1 to Prologis' Current Report Form 8-K filed on November 3, 2022).
4.109Form of Officers’ Certificate related to the 5.250% Notes due 2031 (incorporated by reference to Exhibit 4.2 to Prologis' Current Report Form 8-K filed on November 3, 2022).
4.110Form of 5.250% Notes due 2031 (incorporated by reference to Exhibit 4.3 to Prologis' Current Report Form 8-K filed on November 3, 2022).
4.111Form of Officers’ Certificate related to the 1.003% Notes due 2027 (incorporated by reference to Exhibit 4.1 to Prologis’ Current Report filed on December 1, 2022).
4.112Form of 1.003% Notes due 2027 (incorporated by reference to Exhibit 4.2 to Prologis' Current Report Form 8-K filed on December 1, 2022).
4.113Form of Officers’ Certificate related to the 1.323% Notes due 2029 (incorporated by reference to Exhibit 4.3 to Prologis' Current Report Form 8-K filed on December 1, 2022).
4.114Form of 1.323% Notes due 2029 (incorporated by reference to Exhibit 4.4 to Prologis' Current Report Form 8-K filed on December 1, 2022).
4.115Form of Officers’ Certificate related to the 1.903% Notes due 2037(incorporated by reference to Exhibit 4.5 to Prologis' Current Report Form 8-K filed on December 1, 2022).

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Table 99 after “Table of Contents”

4.129Form of Officers’ Certificate related to the 5.125% Notes due 2034 (incorporated by reference to Exhibit 4.3 to Prologis' Current Report Form 8-K filed on June 28, 2023).
4.130Form of 5.125% Notes due 2034 (incorporated by reference to Exhibit 4.4 to Prologis' Current Report Form 8-K filed on June 28, 2023).
4.131Form of Officers’ Certificate related to the 5.250% Notes due 2053 (incorporated by reference to Exhibit 4.5 to Prologis' Current Report Form 8-K filed on June 28, 2023).
4.132Form of 5.250% Notes due 2053 (incorporated by reference to Exhibit 4.6 to Prologis' Current Report Form 8-K filed on June 28, 2023).
4.133Form of Officers’ Certificate related to the 5.000% Notes due 2034 (incorporated by reference to Exhibit 4.1 to Prologis' Current Report Form 8-K filed on January 25, 2024).
4.134Form of 5.000% Notes due 2034 (incorporated by reference to Exhibit 4.2 to Prologis' Current Report Form 8-K filed on January 25, 2024).
4.135Form of Officers’ Certificate related to the 5.250% Notes due 2054 (incorporated by reference to Exhibit 4.3 to Prologis' Current Report Form 8-K filed on January 25, 2024).
4.136Form of 5.250% Notes due 2054 (incorporated by reference to Exhibit 4.4 to Prologis' Current Report Form 8-K filed on January 25, 2024).

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Table 100 after “Other debt instruments are omitted in accordance with Item 601(b)(4)(iii)(A) of Registration S-K. Copies of such instruments will be furnish”

10.1Amended and Restated Agreement of Limited Partnership of ProLogis Fraser, L.P., dated as of August 4, 2004 (incorporated by reference to Exhibit 10.1 to the Trust’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2004).
10.2Fifteenth Amended and Restated Agreement of Limited Partnership of Prologis 2, L.P., (f/k/a AMB Property II, L.P.) dated February 19, 2010 (incorporated by reference to Exhibit 10.6 to Prologis’ Annual Report on Form 10-K for the year ended December 31, 2009 filed on February 22, 2010).

Table 101 after “Table of Contents”

10.3*Amended and Restated 2002 Nonqualified Deferred Compensation Plan (incorporated by reference to Exhibit 10.2 to Prologis’ Current Report on Form 8-K filed October 4, 2006 and also incorporated by reference to Exhibit 10.2 to the Operating Partnership’s Current Report on Form 8-K filed on October 4, 2006).
10.4*The Amended and Restated 2002 Stock Option and Incentive Plan of AMB Property Corporation and AMB Property, L.P. (incorporated by reference to Exhibit 10.1 to Prologis’ Current Report on Form 8-K filed on May 15, 2007 and also incorporated by reference to Exhibit 10.1 to the Operating Partnership’s Current Report on Form 8-K filed on May 15, 2007).
10.5*Prologis Outperformance Plan (incorporated by reference to Exhibit 10.1 to Prologis’ Current Report on Form 8-K filed on December 22, 2011).
10.6*Prologis, Inc. 2016 Outperformance Plan (incorporated by reference to Exhibit 10.1 to Prologis’ Current Report on Form 8-K filed on August 16, 2016).
10.7*Form of Prologis, Inc. 2016 Outperformance Plan LTIP Unit Award Agreement (incorporated by reference to Exhibit 10.2 to Prologis’ Current Report on Form 8-K filed on August 16, 2016).
10.8*Form of Participation Points and LTIP Unit Award Agreement (incorporated by reference to Exhibit 10.1 to Prologis’ Current Report on Form 8-K filed on February 27, 2014).
10.9*Second Amended and Restated Prologis Promote Plan (incorporated by reference to Exhibit 10.1 to Prologis’ Current Report on Form 8-K filed on August 1, 2014).
10.10*Form of Prologis, Inc. Second Amended and Restated Prologis Promote Plan LTIP Unit Award Agreement (incorporated by reference to Exhibit 10.1 to Prologis’ Current Report on Form 8-K filed on August 18, 2014).

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Table 102 after “Table of Contents”

10.22*ProLogis 2000 Share Option Plan for Outside Trustees (as Amended and Restated Effective as of December 31, 2008) (incorporated by reference to exhibit 10.13 to ProLogis’ Form 10-K for the year ended December 31, 2008 filed on February 27, 2009).
10.23*ProLogis Deferred Fee Plan for Trustees (As Amended and Restated Effective as of May 14, 2010) (incorporated by reference to exhibit 10.3 to ProLogis’ Form 8-K filed on May 19, 2010).
10.24*Form of Indemnification Agreement between ProLogis and certain directors and executive officers (incorporated by reference to Exhibit 10.1 to Prologis’ Current Report on Form 8-K filed on June 8, 2011).
10.25*Form of Restricted Stock Unit Agreement; Prologis, Inc. 2012 Long-Term Incentive Plan (incorporated by reference to Exhibit 10.1 to Prologis’ Quarterly Report on Form 10-Q for the quarter ended September 30, 2012 filed on November 2, 2012).
10.26*Prologis, Inc. 2012 Long-Term Incentive Plan (incorporated by reference to Exhibit 10.1 to Prologis’ Current Report on Form 8-K filed on May 8, 2012).
10.27*Form of Director Deferred Stock Unit Award terms (incorporated by reference to Exhibit 10.2 to Prologis’ Current Report on Form 8-K filed on May 8, 2012).
10.28*Form of Change of Control and Noncompetition Agreement by and between Prologis, Inc. and its executive officers (incorporated by reference to Exhibit 10.2 to Prologis’ Current Report on Form 8-K filed on August 16, 2013).
10.29*Form of Prologis, Inc. Long-Term Incentive Plan LTIP Unit Award Agreement (General form 2015) (incorporated by reference to Exhibit 10.57 to Prologis’ Annual Report on Form 10-K for the year ended December 31, 2014 filed on February 25, 2015).

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Table 103 after “Table of Contents”

10.41Form of Time-Sharing Agreement for Hamid Moghadam (incorporated by reference to Exhibit 10.1 to Prologis’ Current Report on Form 10-Q for the quarter ended September 30, 2018 filed on October 22, 2018).
10.42*Prologis, Inc. Second Amended and Restated 2018 Outperformance Plan (incorporated by reference to Exhibit 10.1 to Prologis’ Current Report Form 8-K filed on August 28, 2018).
10.43*Form of Outperformance Plan LTIP Unit Award Agreement (incorporated by reference to Exhibit 10.2 to Prologis’ Current Report Form 8-K filed on August 28, 2018).
10.44*Form of LTIP Unit Award Agreement (Bonus Exchange) (incorporated by reference to Exhibit 10.3 to Prologis’ Current Report Form 8-K filed on August 28, 2018).
10.45*Form of LTIP Unit Award Agreement (Omnibus) (incorporated by reference to Exhibit 10.4 to Prologis’ Current Report Form 8-K filed on August 28, 2018).
10.46*Form of RSU Agreement (Global) (incorporated by reference to Exhibit 10.5 to Prologis’ Current Report Form 8-K filed on August 28, 2018).
10.47*Form of RSU Agreement (LTIP Unit Election) (incorporated by reference to Exhibit 10.6 to Prologis’ Current Report Form 8-K filed on August 28, 2018).
10.48*Letter Agreement dated February 3, 2017 by and between Prologis, Inc. and Hamid R. Moghadam (incorporated by reference to Exhibit 10.1 to Prologis’ Current Report Form 8-K filed on February 3, 2017).

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Table 104 after “Table of Contents”

10.62First Amendment to Term Loan Agreement, dated as of October 1, 2021 among Prologis GK Holdings Y.K, as borrower, Prologis, L.P., as guarantor, the lenders party thereto, and Sumitomo Mitsui Banking Corporation, as Administrative Agent (incorporated by reference to Exhibit 10.2 to Prologis’ Current Report Form 10-Q for the quarter ended September 30, 2021 filed on October 26, 2021).
10.63*Third Amended and Restated Prologis Promote Plan (incorporated by reference to Exhibit 10.1 to Prologis’ Current Report on Form 8-K filed on December 2, 2021).
10.64Global Senior Credit Agreement dated as of June 30, 2022 among Prologis, L.P., various affiliates of Prologis, L.P., various lenders and agents, and Bank of America, N.A., as Global Administrative Agent (incorporated by reference to Exhibit 10.1 to Prologis’ Current Report on Form 8-K filed July 6, 2022).
10.65*Form of LTIP Unit Award Agreement (Omnibus 2022) (incorporated by reference to Exhibit 10.1 to Prologis’ Current Report Form 8-K filed on September 27, 2022).
10.66*Form of Third Amended and Restated Prologis 2005 Nonqualified Deferred Compensation Plan (incorporated by reference to Exhibit 10.1 to Prologis’ Current Report Form 8-K filed on December 12, 2022).
10.67*Form of Second Amended and Restated Prologis, Inc. 2011 Notional Account Deferred Compensation Plan (incorporated by reference to Exhibit 10.2 to Prologis’ Current Report Form 8-K filed on December 12, 2022).
10.68*Form of Second Amended and Restated Prologis, Inc. Nonqualified Deferred Compensation Plan (incorporated by reference to Exhibit 10.3 to Prologis’ Current Report Form 8-K filed on December 12, 2022).
10.69*Prologis Bonus Exchange 2022 LTIP Unit Award Agreement - Advance Grant No Pre-Retirement Election (incorporated by reference to Exhibit 10.83 to Prologis' Annual Report on Form 10-K filed for the year ended December 31, 2022 filed on February 14, 2023).

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Table 105 after “Table of Contents”

22.1†Subsidiary guarantors and issuers of guaranteed securities.
23.1†Consent of KPMG LLP with respect to Prologis, Inc.
23.2†Consent of KPMG LLP with respect to Prologis, L.P.
24.1†Power of Attorney for Prologis, Inc. (included in signature page of this annual report).
24.2†Power of Attorney for Prologis, L.P. (included in signature page of this annual report).
31.1†Certification of Chief Executive Officer of Prologis, Inc.
31.2†Certification of Chief Financial Officer of Prologis, Inc.
31.3†Certification of Chief Executive Officer for Prologis, L.P.

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Table 106 after “Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of”

SignatureTitleDate
/s/ Hamid R. MoghadamChairman of the Board and Chief Executive OfficerFebruary 14, 2025
Hamid R. Moghadam
/s/ Timothy D. ArndtChief Financial OfficerFebruary 14, 2025
Timothy D. Arndt
/s/ Lori A. PalazzoloManaging Director and Chief Accounting OfficerFebruary 14, 2025
Lori A. Palazzolo
/s/ Cristina G. BitaDirectorFebruary 14, 2025

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Table 107 after “Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of”

SignatureTitleDate
/s/ Hamid R. MoghadamChairman of the Board and Chief Executive OfficerFebruary 14, 2025
Hamid R. Moghadam
/s/ Timothy D. ArndtChief Financial OfficerFebruary 14, 2025
Timothy D. Arndt
/s/ Lori A. PalazzoloManaging Director and Chief Accounting OfficerFebruary 14, 2025
Lori A. Palazzolo
/s/ Cristina G. BitaDirectorFebruary 14, 2025

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