Prologis Quarterly Income Statements Chart
Quarterly
|
Annual
Prologis Quarterly Income Statements Table
Quarterly
|
Annual
Unit: USD | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-09-30 | 2016-03-31 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 |
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revenues: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rental | 2,025,332,000 | 1,987,265,000 | 1,937,507,000 | 1,897,164,000 | 1,852,376,000 | 1,827,658,000 | 1,755,959,000 | 1,777,359,000 | 1,651,454,000 | 1,633,770,000 | 1,591,012,000 | 1,151,846,000 | 1,093,452,000 | 1,076,861,000 | 1,074,294,000 | 1,037,281,000 | 1,014,763,000 | 1,021,656,000 | 987,810,000 | 980,148,000 | 944,366,000 | 878,807,000 | 723,857,000 | 710,465,000 | 700,689,000 | 696,807,000 | 527,574,000 | 476,865,000 | 426,549,000 | 427,901,000 | 433,568,000 | 416,427,000 | 447,960,000 | 439,884,000 | 435,868,000 | 437,104,000 | ||||||||||||||||||||||||||||||
strategic capital | 147,162,000 | 141,139,000 | 253,386,000 | 135,367,000 | 154,742,000 | 128,412,000 | 129,648,000 | 136,848,000 | 799,035,000 | 134,701,000 | 154,669,000 | 594,752,000 | 156,239,000 | 133,925,000 | 199,954,000 | 141,448,000 | 129,387,000 | 119,961,000 | 120,745,000 | 98,993,000 | 320,658,000 | 96,591,000 | 98,470,000 | 230,467,000 | 89,144,000 | 73,805,000 | 126,500,000 | 71,142,000 | 75,697,000 | 132,961,000 | 68,148,000 | 68,042,000 | 180,654,000 | 57,045,000 | 140,577,000 | 49,666,000 | ||||||||||||||||||||||||||||||
development management and other | 11,375,000 | 11,261,000 | 9,753,000 | 3,858,000 | 836,000 | 551,000 | 3,640,000 | 457,000 | 482,000 | 116,000 | 5,911,000 | 4,294,000 | 2,389,000 | 8,342,000 | 2,985,000 | 4,320,000 | 6,692,000 | 6,699,000 | 3,042,000 | 3,632,000 | 1,100,000 | 2,843,000 | 3,689,000 | 1,249,000 | 539,000 | 1,440,000 | 1,390,000 | 2,316,000 | 900,000 | 4,752,000 | 1,125,000 | 3,650,000 | 9,152,000 | 5,177,000 | 3,711,000 | 2,518,000 | ||||||||||||||||||||||||||||||
total revenues | 2,183,869,000 | 2,139,665,000 | 2,200,646,000 | 2,036,389,000 | 2,007,954,000 | 1,956,621,000 | 1,889,247,000 | 1,914,664,000 | 2,450,971,000 | 1,768,587,000 | 1,751,592,000 | 1,750,892,000 | 1,252,080,000 | 1,219,128,000 | 1,277,233,000 | 1,183,049,000 | 1,150,842,000 | 1,148,316,000 | 1,111,597,000 | 1,082,773,000 | 1,266,124,000 | 978,241,000 | 826,016,000 | 942,181,000 | 790,372,000 | 772,052,000 | 807,085,000 | 682,432,000 | 621,276,000 | 693,656,000 | 619,922,000 | 602,874,000 | 766,183,000 | 629,155,000 | 704,565,000 | 606,300,000 | 510,404,000 | 462,847,000 | 450,865,000 | 415,151,000 | 460,089,000 | 434,682,000 | 416,746,000 | 430,185,000 | 419,474,000 | 490,616,000 | 494,916,000 | 512,105,000 | 520,748,000 | 500,064,000 | 457,608,000 | 501,393,000 | 335,901,000 | 165,768,000 | 474,804,000 | 158,696,000 | 158,618,000 | 157,952,000 | 476,307,000 | 157,535,000 | 147,370,000 | 165,529,000 | 552,550,000 | 162,495,000 | 209,299,000 | 176,486,000 |
yoy | 8.76% | 9.36% | 16.48% | 6.36% | -18.08% | 10.63% | 7.86% | 9.35% | 95.75% | 45.07% | 37.14% | 48.00% | 8.80% | 6.17% | 14.90% | 9.26% | -9.11% | 17.39% | 34.57% | 14.92% | 60.19% | 26.71% | 2.35% | 38.06% | 27.22% | 11.30% | 30.19% | 13.20% | -18.91% | 10.25% | -12.01% | -0.57% | 50.11% | 35.93% | 56.27% | 46.04% | 10.94% | 6.48% | 8.19% | -3.49% | 9.68% | -11.40% | -15.79% | -16.00% | -19.45% | -1.89% | 8.15% | 2.14% | 55.03% | 201.66% | -3.62% | 215.95% | 111.77% | 4.95% | -0.32% | 0.74% | 7.63% | -4.58% | -13.80% | -3.05% | -29.59% | -6.21% | ||||
qoq | 2.07% | -2.77% | 8.07% | 1.42% | 2.62% | 3.57% | -1.33% | -21.88% | 38.58% | 0.97% | 0.04% | 39.84% | 2.70% | -4.55% | 7.96% | 2.80% | 0.22% | 3.30% | 2.66% | -14.48% | 29.43% | 18.43% | -12.33% | 19.21% | 2.37% | -4.34% | 18.27% | 9.84% | -10.43% | 11.89% | 2.83% | -21.31% | 21.78% | -10.70% | 16.21% | 18.79% | 10.27% | 2.66% | 8.60% | -9.77% | 5.84% | 4.30% | -3.12% | 2.55% | -14.50% | -0.87% | -3.36% | -1.66% | 4.14% | 9.28% | -8.73% | 49.27% | 102.63% | -65.09% | 199.19% | 0.05% | 0.42% | -66.84% | 202.35% | 6.90% | -10.97% | -70.04% | 240.04% | -22.36% | 18.59% | |
expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative | 106,871,000 | 114,701,000 | 102,724,000 | 98,154,000 | 106,596,000 | 111,291,000 | 98,309,000 | 96,673,000 | 95,647,000 | 99,777,000 | 85,420,000 | 87,903,000 | 83,114,000 | 74,646,000 | 73,823,000 | 66,970,000 | 74,342,000 | 78,032,000 | 66,144,000 | 74,348,000 | 64,664,000 | 69,689,000 | 65,542,000 | 65,199,000 | 66,276,000 | 69,701,000 | 56,698,000 | 62,244,000 | 57,615,000 | 62,428,000 | 59,709,000 | 57,656,000 | 60,077,000 | 53,617,000 | 58,157,000 | 50,543,000 | 51,840,000 | -30,661,000 | -95,649,000 | -28,715,000 | -30,093,000 | -31,951,000 | -88,097,000 | -27,156,000 | -25,363,000 | -31,249,000 | -109,567,000 | -34,415,000 | -33,794,000 | -35,153,000 | ||||||||||||||||
depreciation and amortization | 657,221,000 | 652,058,000 | 656,444,000 | 649,265,000 | 637,305,000 | 637,505,000 | 638,346,000 | 642,010,000 | 602,168,000 | 602,367,000 | 612,367,000 | 401,450,000 | 402,313,000 | 396,647,000 | 396,825,000 | 390,806,000 | 392,736,000 | 397,575,000 | 417,066,000 | 400,738,000 | 398,195,000 | 345,970,000 | 289,240,000 | 282,254,000 | 284,376,000 | 284,009,000 | 286,758,000 | 252,702,000 | 203,673,000 | 204,081,000 | 222,501,000 | 201,903,000 | 228,145,000 | 226,591,000 | 224,867,000 | 250,000,000 | 190,188,000 | 169,808,000 | 171,402,000 | 149,202,000 | 161,577,000 | 160,280,000 | 155,978,000 | 158,889,000 | 158,965,000 | 177,266,000 | 179,418,000 | 194,622,000 | 186,770,000 | 188,801,000 | 182,296,000 | 196,558,000 | 123,079,000 | -54,986,000 | -146,046,000 | -50,590,000 | -48,278,000 | -48,634,000 | -132,728,000 | -47,166,000 | -38,724,000 | -42,101,000 | -122,160,000 | -46,985,000 | -40,841,000 | -41,669,000 |
other | 11,706,000 | 9,649,000 | 7,673,000 | 15,683,000 | 11,444,000 | 12,244,000 | 21,668,000 | 12,342,000 | 12,160,000 | 7,184,000 | 12,122,000 | 7,004,000 | 11,621,000 | 9,589,000 | 7,384,000 | 4,413,000 | 7,194,000 | 3,444,000 | 4,437,000 | 3,020,000 | 7,979,000 | 14,574,000 | 3,506,000 | 2,294,000 | 3,515,000 | 3,834,000 | 2,415,000 | 3,391,000 | 4,515,000 | 3,239,000 | 3,597,000 | 3,093,000 | 2,909,000 | 2,606,000 | 3,779,000 | 4,685,000 | ||||||||||||||||||||||||||||||
total expenses | 1,328,678,000 | 1,325,502,000 | 1,286,476,000 | 1,251,869,000 | 1,271,116,000 | 1,294,108,000 | 1,245,406,000 | 1,251,170,000 | 1,248,819,000 | 1,193,591,000 | 1,148,739,000 | 911,619,000 | 824,565,000 | 808,367,000 | 799,957,000 | 771,185,000 | 764,504,000 | 806,385,000 | 778,624,000 | 769,387,000 | 784,492,000 | 704,425,000 | 588,477,000 | 594,015,000 | 572,511,000 | 583,670,000 | 566,005,000 | 500,911,000 | 433,982,000 | 456,549,000 | 461,505,000 | 427,383,000 | 490,911,000 | 467,269,000 | 471,941,000 | 477,102,000 | 423,056,000 | 378,966,000 | 375,909,000 | 337,039,000 | 364,815,000 | 363,216,000 | 349,540,000 | 351,228,000 | 358,232,000 | 391,644,000 | 656,448,000 | 433,075,000 | 413,704,000 | 409,185,000 | 412,517,000 | 410,627,000 | 376,294,000 | |||||||||||||
operating income before gains on real estate transactions | 855,191,000 | 814,163,000 | 914,170,000 | 784,520,000 | 736,838,000 | 662,513,000 | 643,841,000 | 663,494,000 | 1,202,152,000 | 574,996,000 | 602,853,000 | 839,273,000 | 427,515,000 | 410,761,000 | 477,276,000 | 411,864,000 | 386,338,000 | 341,931,000 | 332,973,000 | 313,386,000 | 481,632,000 | 273,816,000 | 237,539,000 | 348,166,000 | 217,861,000 | 188,382,000 | ||||||||||||||||||||||||||||||||||||||||
gains on dispositions of development properties and land | 10,477,000 | 27,451,000 | 254,256,000 | 32,005,000 | 87,174,000 | 40,308,000 | 188,363,000 | 89,030,000 | 184,877,000 | 207,059,000 | 74,678,000 | 105,802,000 | 210,206,000 | 316,607,000 | 139,406,000 | 187,361,000 | 173,643,000 | 81,569,000 | 134,207,000 | 86,416,000 | 162,750,000 | |||||||||||||||||||||||||||||||||||||||||||||
gains on other dispositions of investments in real estate | 47,044,000 | 36,799,000 | 252,830,000 | 434,446,000 | 199,326,000 | 17,534,000 | 2,647,000 | 129,584,000 | 24,761,000 | 4,047,000 | 3,537,000 | 1,019,000 | 584,835,000 | 414,390,000 | 214,390,000 | 127,167,000 | 16,623,000 | 67,838,000 | 108,927,000 | 43,939,000 | 31,491,000 | |||||||||||||||||||||||||||||||||||||||||||||
operating income | 912,712,000 | 878,413,000 | 1,421,256,000 | 1,250,971,000 | 1,023,338,000 | 720,355,000 | 834,851,000 | 882,108,000 | 1,411,790,000 | 579,043,000 | 813,449,000 | 914,970,000 | 533,317,000 | 1,205,802,000 | 1,208,273,000 | 765,660,000 | 700,866,000 | 532,197,000 | 482,380,000 | 556,520,000 | 611,987,000 | 468,057,000 | 559,640,000 | 471,480,000 | 442,056,000 | 376,590,000 | 241,080,000 | 181,521,000 | 187,294,000 | 237,107,000 | 158,417,000 | 175,491,000 | 275,272,000 | 161,886,000 | 232,624,000 | 129,198,000 | 87,348,000 | 83,881,000 | 74,956,000 | 78,112,000 | 95,274,000 | 71,466,000 | 67,206,000 | 78,957,000 | 61,242,000 | 98,972,000 | -161,532,000 | 79,030,000 | 107,044,000 | 90,879,000 | 45,091,000 | 90,766,000 | -40,393,000 | |||||||||||||
yoy | -10.81% | 21.94% | 70.24% | 41.82% | -27.51% | 24.40% | 2.63% | -3.59% | 164.72% | -51.98% | -32.68% | 19.50% | -23.91% | 126.57% | 150.48% | 37.58% | 14.52% | 13.70% | -13.81% | 18.04% | 38.44% | 24.29% | 132.14% | 159.74% | 136.02% | 58.83% | 52.18% | 3.44% | -31.96% | 46.47% | -31.90% | 35.83% | 215.14% | 92.99% | 210.35% | 65.40% | -8.32% | 17.37% | 11.53% | -1.07% | 55.57% | -27.79% | -141.61% | -0.09% | -42.79% | 8.91% | -458.24% | -12.93% | -365.01% | |||||||||||||||||
qoq | 3.90% | -38.19% | 13.61% | 22.24% | 42.06% | -13.71% | -5.36% | -37.52% | 143.81% | -28.82% | -11.10% | 71.56% | -55.77% | -0.20% | 57.81% | 9.24% | 31.69% | 10.33% | -13.32% | -9.06% | 30.75% | -16.36% | 18.70% | 6.66% | 17.38% | 56.21% | 32.81% | -3.08% | -21.01% | 49.67% | -9.73% | -36.25% | 70.04% | -30.41% | 80.05% | 47.91% | 4.13% | 11.91% | -4.04% | -18.01% | 33.31% | 6.34% | -14.88% | 28.93% | -38.12% | -161.27% | -304.39% | -26.17% | 17.79% | 101.55% | -50.32% | -324.71% | ||||||||||||||
operating margin % | 41.79% | 41.05% | 64.58% | 61.43% | 50.96% | 36.82% | 44.19% | 46.07% | 57.60% | 32.74% | 46.44% | 52.26% | 42.59% | 98.91% | 94.60% | 64.72% | 60.90% | 46.35% | 43.40% | 51.40% | 48.34% | 47.85% | 67.75% | 50.04% | 55.93% | 48.78% | 29.87% | 26.60% | 30.15% | 34.18% | 25.55% | 29.11% | 35.93% | 25.73% | 33.02% | 21.31% | 17.11% | 18.12% | 16.62% | 18.82% | 20.71% | 16.44% | 16.13% | 18.35% | 14.60% | 20.17% | -32.64% | 15.43% | 20.56% | 18.17% | 9.85% | 18.10% | -12.03% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
other income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings from unconsolidated entities | 107,692,000 | 67,899,000 | 94,065,000 | 84,749,000 | 102,337,000 | 72,472,000 | 89,441,000 | 71,365,000 | 70,642,000 | 75,779,000 | 69,391,000 | 84,925,000 | 79,594,000 | 76,962,000 | 172,969,000 | 91,818,000 | 72,419,000 | 67,049,000 | 80,526,000 | 73,972,000 | 54,142,000 | 88,730,000 | 48,654,000 | 46,302,000 | 48,556,000 | 56,666,000 | 116,421,000 | 56,634,000 | 62,549,000 | 62,656,000 | 76,300,000 | 55,066,000 | 68,596,000 | 48,605,000 | 45,857,000 | 58,311,000 | 41,784,000 | 31,042,000 | 54,877,000 | 28,514,000 | 21,151,000 | 29,746,000 | 37,666,000 | 26,365,000 | 8,421,000 | 24,768,000 | 11,229,000 | 2,563,000 | 3,889,000 | |||||||||||||||||
interest expense | -251,866,000 | -231,751,000 | -232,232,000 | -230,113,000 | -208,267,000 | -193,320,000 | -174,450,000 | -181,053,000 | -149,818,000 | -136,011,000 | -120,796,000 | -63,884,000 | -60,293,000 | -64,064,000 | -62,897,000 | -63,638,000 | -68,412,000 | -71,281,000 | -76,856,000 | -80,711,000 | -81,298,000 | -75,642,000 | -60,080,000 | -60,244,000 | -59,122,000 | -60,507,000 | -62,380,000 | -64,186,000 | -56,314,000 | -47,245,000 | -62,030,000 | -64,190,000 | -75,354,000 | -72,912,000 | -75,310,000 | -80,812,000 | -68,902,000 | -68,761,000 | -74,092,000 | -69,086,000 | -80,184,000 | -85,523,000 | -86,944,000 | -84,885,000 | -92,508,000 | -115,028,000 | -122,995,000 | -123,161,000 | -127,946,000 | -133,447,000 | -129,159,000 | -136,064,000 | -113,059,000 | |||||||||||||
foreign currency, derivative and other gains and other income | -122,829,000 | -31,658,000 | 145,957,000 | -37,942,000 | 37,152,000 | 63,564,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on early extinguishment of debt | 536,000 | 3,275,000 | -385,000 | 282,000 | -37,783,000 | -30,596,000 | 1,492,000 | -16,289,000 | 273,000 | -41,038,750 | -114,196,000 | -32,608,000 | -17,351,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
total other income | -267,003,000 | -195,510,000 | 7,790,000 | -183,306,000 | -68,778,000 | -56,748,000 | -100,470,000 | -41,724,000 | -53,072,000 | -48,343,000 | -175,696,000 | 192,873,000 | 162,953,000 | 43,142,000 | 132,491,000 | 91,506,000 | -1,358,000 | -106,787,000 | -133,493,000 | -211,845,000 | -110,538,000 | 84,020,000 | -112,111,000 | 32,619,000 | -4,598,000 | 10,687,000 | 468,128,000 | 207,955,000 | 191,801,000 | 171,404,000 | 192,737,000 | 755,873,000 | 27,489,000 | 68,403,000 | 90,537,000 | 109,144,000 | 57,763,000 | 269,322,000 | 352,414,000 | 45,751,000 | 48,238,000 | -52,583,000 | -38,907,000 | -114,114,000 | -58,912,000 | 243,745,000 | -103,620,000 | -105,071,000 | -105,372,000 | 115,929,000 | -148,062,000 | -39,823,000 | -107,932,000 | |||||||||||||
earnings before income taxes | 645,709,000 | 682,903,000 | 1,429,046,000 | 1,067,665,000 | 954,560,000 | 663,607,000 | 734,381,000 | 840,384,000 | 1,358,718,000 | 530,700,000 | 637,753,000 | 1,107,843,000 | 696,270,000 | 1,248,944,000 | 1,340,764,000 | 857,166,000 | 699,508,000 | 425,410,000 | 348,887,000 | 344,675,000 | 501,449,000 | 552,077,000 | 447,529,000 | 504,099,000 | 437,458,000 | 387,277,000 | 709,208,000 | 389,476,000 | 379,095,000 | 408,511,000 | 351,154,000 | 931,364,000 | 302,761,000 | 230,289,000 | 323,161,000 | 238,342,000 | 145,111,000 | 353,203,000 | 427,370,000 | 123,863,000 | 143,512,000 | 18,883,000 | 28,299,000 | -35,157,000 | 2,330,000 | 342,717,000 | 43,882,500 | -26,041,000 | 1,672,000 | 206,808,000 | -34,928,000 | 50,943,000 | ||||||||||||||
income tax expense | -23,405,000 | -43,383,000 | -20,018,250 | -4,214,000 | -43,059,000 | -32,800,000 | -38,135,250 | -41,243,000 | -79,227,000 | -32,071,000 | -29,431,250 | -38,669,000 | -49,834,000 | -29,222,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
consolidated net earnings | 622,304,000 | 639,520,000 | 1,342,176,000 | 1,063,451,000 | 911,501,000 | 630,807,000 | 675,884,000 | 799,141,000 | 1,279,491,000 | 498,629,000 | 620,066,000 | 1,069,174,000 | 646,436,000 | 1,219,722,000 | 1,300,853,000 | 797,731,000 | 650,313,000 | 399,693,000 | 308,007,000 | 332,521,000 | 454,938,000 | 521,164,000 | 426,242,000 | 491,013,000 | 410,826,000 | 373,765,000 | 690,490,000 | 375,520,000 | 364,991,000 | 391,959,000 | 338,873,000 | 913,417,000 | 287,980,000 | 220,689,000 | 307,242,000 | 222,805,000 | 140,260,000 | 351,312,000 | 427,724,000 | 147,127,000 | 152,430,000 | 12,003,000 | 68,269,000 | -7,167,000 | -4,985,000 | 296,932,000 | 46,217,000 | -32,898,000 | 4,668,000 | 213,097,000 | -40,015,000 | 65,868,000 | ||||||||||||||
less net earnings attributable to noncontrolling interests | 51,075,000 | 46,567,000 | 63,323,000 | 57,732,000 | 50,153,000 | 45,092,000 | 44,948,000 | 51,514,000 | 63,463,000 | 34,006,000 | 32,852,000 | 53,710,000 | 35,043,000 | 68,937,000 | 52,191,000 | 74,193,000 | 50,137,000 | 32,346,000 | 26,113,000 | 29,827,000 | 48,765,000 | 30,111,000 | 39,251,000 | 38,867,000 | 25,550,000 | 25,219,000 | 92,430,000 | 27,684,000 | 28,904,000 | 24,581,000 | 37,987,000 | 35,524,000 | 19,363,000 | 15,760,000 | 26,316,000 | 13,075,000 | ||||||||||||||||||||||||||||||
net earnings attributable to controlling interests | 571,229,000 | 592,953,000 | 1,278,853,000 | 1,005,719,000 | 861,348,000 | 585,715,000 | 630,936,000 | 747,627,000 | 1,216,028,000 | 464,623,000 | 587,214,000 | 1,015,464,000 | 611,393,000 | 1,150,785,000 | 1,248,662,000 | 723,538,000 | 600,176,000 | 367,347,000 | 281,894,000 | 302,694,000 | 406,173,000 | 491,053,000 | 386,991,000 | 452,146,000 | 385,276,000 | 348,546,000 | 598,060,000 | 347,836,000 | 336,087,000 | 367,378,000 | 300,886,000 | 877,893,000 | 268,617,000 | 204,929,000 | 280,926,000 | 209,730,000 | 141,918,000 | 346,876,000 | 410,287,000 | 137,915,000 | 81,180,000 | 6,801,000 | 61,192,000 | -5,399,000 | 2,299,000 | 284,829,000 | 44,672,000 | -36,221,000 | 1,929,000 | 212,979,000 | -35,183,000 | 65,845,000 | ||||||||||||||
less preferred stock dividends | 1,505,000 | 1,452,000 | 1,474,000 | 1,452,000 | 1,503,000 | 1,452,000 | 1,460,000 | 1,453,000 | 1,475,000 | 1,453,000 | 1,460,000 | 1,531,000 | 1,538,000 | 1,531,000 | 1,538,000 | 1,531,000 | 1,551,000 | 1,532,000 | 1,424,000 | 1,652,000 | 1,634,000 | 1,635,000 | 1,511,000 | 1,507,000 | 1,492,000 | 1,499,000 | 1,492,000 | 1,491,000 | 1,476,000 | 1,476,000 | 1,476,000 | 1,675,000 | 1,674,000 | 1,674,000 | 1,671,000 | 1,689,000 | 1,678,000 | 1,670,000 | 1,678,000 | 1,670,000 | 1,948,000 | 2,135,000 | ||||||||||||||||||||||||
net earnings attributable to common stockholders | 569,724,000 | 591,501,000 | 1,277,379,000 | 1,004,267,000 | 859,845,000 | 584,263,000 | 629,476,000 | 746,174,000 | 1,214,553,000 | 463,170,000 | 585,754,000 | 1,013,933,000 | 609,855,000 | 1,149,254,000 | 1,247,124,000 | 722,007,000 | 598,625,000 | 365,815,000 | 280,470,000 | 298,695,000 | 404,539,000 | 489,418,000 | 385,480,000 | 450,639,000 | 383,784,000 | 347,047,000 | 596,568,000 | 346,345,000 | 334,611,000 | 365,902,000 | 295,515,000 | 876,218,000 | 266,943,000 | 203,255,000 | 279,255,000 | 208,041,000 | 140,240,000 | 345,206,000 | 408,609,000 | 136,245,000 | 72,715,000 | 4,666,000 | 59,057,000 | -7,534,000 | -1,517,000 | 265,416,000 | ||||||||||||||||||||
yoy | -33.74% | 1.24% | 102.93% | 34.59% | -29.20% | 26.14% | 7.46% | -26.41% | 99.15% | -59.70% | -53.03% | 40.43% | 1.88% | 214.16% | 344.66% | 141.72% | 47.98% | -25.26% | -27.24% | -33.72% | 5.41% | 41.02% | -35.38% | 30.11% | 14.70% | -5.15% | 101.87% | -60.47% | 25.35% | 80.02% | 5.82% | 321.18% | 90.35% | -41.12% | -31.66% | 52.70% | 92.86% | 7298.33% | 591.89% | -1908.40% | -4893.34% | -98.24% | ||||||||||||||||||||||||
qoq | -3.68% | -53.69% | 27.20% | 16.80% | 47.17% | -7.18% | -15.64% | -38.56% | 162.23% | -20.93% | -42.23% | 66.26% | -46.93% | -7.85% | 72.73% | 20.61% | 63.64% | 30.43% | -6.10% | -26.16% | -17.34% | 26.96% | -14.46% | 17.42% | 10.59% | -41.83% | 72.25% | 3.51% | -8.55% | 23.82% | -66.27% | 228.24% | 31.33% | -27.22% | 34.23% | 48.35% | -59.37% | -15.52% | 199.91% | 87.37% | 1458.40% | -92.10% | -883.87% | 396.64% | -100.57% | |||||||||||||||||||||
net income margin % | 26.09% | 27.64% | 58.05% | 49.32% | 42.82% | 29.86% | 33.32% | 38.97% | 49.55% | 26.19% | 33.44% | 57.91% | 48.71% | 94.27% | 97.64% | 61.03% | 52.02% | 31.86% | 25.23% | 27.59% | 31.95% | 50.03% | 46.67% | 47.83% | 48.56% | 44.95% | 73.92% | 50.75% | 53.86% | 52.75% | 47.67% | 145.34% | 34.84% | 32.31% | 39.64% | 34.31% | 27.48% | 74.58% | 90.63% | 32.82% | 15.80% | 1.07% | 14.17% | -1.75% | -0.36% | 54.10% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
weighted-average common shares outstanding – basic | 928,476,000 | 927,338,000 | 926,172,000 | 926,427,000 | 926,276,000 | 925,322,000 | 924,351,000 | 924,395,000 | 924,191,000 | 923,888,000 | 785,675,000 | 740,719,000 | 740,637,000 | 740,368,000 | 739,363,000 | 739,439,000 | 739,190,000 | 738,998,000 | 728,323,000 | 738,194,000 | 737,992,000 | 698,272,000 | 630,580,000 | 630,929,000 | 630,271,000 | 629,676,000 | 567,367,000 | 574,520,000 | 532,639,000 | 532,185,000 | 530,400,000 | 531,288,000 | 530,040,000 | 528,721,000 | 527,288,000 | 524,205,000 | 523,476,000 | |||||||||||||||||||||||||||||
weighted-average common shares outstanding – diluted | 955,882,000 | 956,080,000 | 953,590,000 | 953,813,000 | 953,200,000 | 953,912,000 | 951,791,000 | 951,908,000 | 951,706,000 | 951,624,000 | 811,608,000 | 766,372,000 | 766,074,000 | 765,517,000 | 764,762,000 | 764,945,000 | 764,652,000 | 764,958,000 | 754,414,000 | 764,619,000 | 765,830,000 | 723,983,000 | 654,903,000 | 655,259,000 | 655,447,000 | 654,359,000 | 590,239,000 | 597,647,000 | 554,515,000 | 554,123,000 | 552,300,000 | 554,163,000 | 552,114,000 | 550,010,000 | 547,200,000 | 543,562,000 | 530,640,000 | |||||||||||||||||||||||||||||
net earnings per share attributable to common stockholders – basic | 0.61 | 0.64 | 1.38 | 1.08 | 0.93 | 0.63 | 0.68 | 0.81 | 1.31 | 0.5 | 0.54 | 1.37 | 0.82 | 1.55 | 1.69 | 0.98 | 0.81 | 0.5 | 0.37 | 0.4 | 0.55 | 0.7 | 0.61 | 0.71 | 0.61 | 0.55 | 0.98 | 0.6 | 0.63 | 0.69 | 0.56 | 1.65 | 0.5 | 0.38 | 0.53 | 0.4 | 0.27 | |||||||||||||||||||||||||||||
net earnings per share attributable to common stockholders – diluted | 0.61 | 0.63 | 1.38 | 1.08 | 0.92 | 0.63 | 0.68 | 0.8 | 1.31 | 0.5 | 0.53 | 1.36 | 0.82 | 1.54 | 1.67 | 0.97 | 0.81 | 0.49 | 0.38 | 0.4 | 0.54 | 0.7 | 0.6 | 0.71 | 0.6 | 0.55 | 0.97 | 0.6 | 0.62 | 0.68 | 0.55 | 1.63 | 0.5 | 0.38 | 0.52 | 0.39 | 0.27 | |||||||||||||||||||||||||||||
foreign currency and derivative gains and other income | 25,670,500 | 67,964,000 | 26,104,000 | 8,614,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency and derivative gains and interest and other income | 91,155,750 | 171,832,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses on early extinguishment of debt | -1,289,000 | -730,000 | -18,165,000 | -187,453,000 | -23,684,000 | -98,266,000 | -23,573,000 | -42,767,000 | -40,000 | -13,585,000 | -2,116,000 | -664,250 | -1,955,000 | -1,052,000 | -236,000 | -1,939,000 | -86,076,000 | -77,558,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
interest and other income | 6,227,000 | 1,053,000 | -3,744,000 | -846,000 | 715,000 | 4,746,000 | 5,513,000 | -5,866,000 | 1,027,000 | 370,000 | 11,337,000 | 654,000 | 4,312,000 | 7,910,000 | 5,155,000 | 1,891,000 | 5,641,000 | 1,976,000 | 4,238,000 | 4,816,000 | 1,892,000 | 2,785,000 | 2,932,000 | 2,591,000 | 1,847,000 | 11,049,000 | 6,052,000 | 550,000 | 5,116,000 | 14,050,000 | 5,176,000 | 5,653,000 | 4,492,000 | 11,627,000 | 3,107,000 | 8,758,000 | 5,912,000 | 5,101,000 | 4,667,000 | 4,643,000 | 5,277,000 | |||||||||||||||||||||||||
foreign currency and derivative gains | 138,155,000 | 47,356,000 | 26,163,000 | 64,172,000 | -6,080,000 | 80,152,000 | -118,992,000 | -100,974,000 | -60,836,000 | 113,329,000 | -111,982,000 | 59,492,000 | 2,041,000 | 8,734,000 | 51,295,000 | 21,513,000 | 85,382,000 | -28,184,000 | -33,648,000 | 6,875,000 | -7,744,000 | 884,000 | -567,000 | -5,908,000 | 12,753,000 | |||||||||||||||||||||||||||||||||||||||||
total income tax expense | -39,911,000 | -59,435,000 | -49,195,000 | 25,717,000 | 40,880,000 | 12,154,000 | 46,511,000 | 30,913,000 | 21,287,000 | 13,086,000 | 26,632,000 | 13,512,000 | 18,718,000 | 13,956,000 | 14,104,000 | 16,552,000 | 12,281,000 | 17,947,000 | 14,781,000 | 9,600,000 | 15,919,000 | 15,537,000 | 1,891,000 | 6,880,000 | 20,488,000 | 51,866,000 | 8,075,000 | 12,124,000 | ||||||||||||||||||||||||||||||||||||||
loss on preferred stock repurchase | 2,347,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on real estate transactions | 133,929,250 | 123,314,000 | 224,195,000 | 188,208,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rental recoveries | 151,621,000 | 132,109,000 | 118,130,000 | 128,042,000 | 117,081,000 | 114,755,000 | 128,417,000 | 127,049,000 | 124,409,000 | 117,012,000 | 103,616,000 | 94,255,000 | 94,430,000 | 80,136,000 | 86,812,000 | 87,362,000 | 73,184,000 | 82,268,000 | 78,470,000 | 99,113,000 | 88,553,000 | 97,081,000 | 100,937,000 | |||||||||||||||||||||||||||||||||||||||||||
gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest | 120,857,500 | 194,058,000 | 223,581,000 | 779,053,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends per common share | 0.48 | 0.48 | 0.48 | 0.48 | 0.44 | 0.44 | 0.44 | 0.44 | 0.42 | 0.42 | 0.36 | 0.36 | 0.33 | 0.33 | 0.33 | 0.33 | 0.28 | 0.28 | 0.28 | 0.28 | 0.28 | 0.28 | 0.28 | 0.28 | ||||||||||||||||||||||||||||||||||||||||||
gains on dispositions of investments in real estate | 94,261,000 | 195,111,000 | 83,006,000 | 97,325,000 | 117,296,000 | 144,317,000 | 108,782,000 | 277,715,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency and derivative losses | -41,094,000 | -11,581,750 | -18,872,000 | -20,055,000 | -7,400,000 | -1,730,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency and derivative gains and related amortization | -14,211,000 | -25,512,000 | 34,566,000 | 684,500 | 20,792,000 | 10,130,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rental income | 357,828,000 | 324,547,000 | 307,584,000 | 275,686,000 | 294,461,000 | 300,878,000 | 286,006,000 | 297,044,000 | 294,267,000 | 355,676,000 | 370,549,000 | 382,293,000 | 387,089,000 | 464,594,000 | 416,057,000 | 462,539,000 | 294,670,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
strategic capital income | 47,046,000 | 42,025,000 | 44,157,000 | 54,070,000 | 76,334,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
development management and other income | 1,914,000 | 2,020,000 | 4,694,000 | 5,259,000 | 2,482,000 | 1,132,000 | 3,649,000 | 2,551,000 | 3,129,000 | 2,192,000 | 4,099,000 | 1,017,000 | 1,729,000 | 3,113,000 | 1,321,000 | 4,276,000 | 8,920,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
rental expenses | 125,599,000 | 126,934,000 | 108,370,000 | 102,324,000 | 109,576,000 | 110,517,000 | 98,666,000 | 108,912,000 | 112,581,000 | 133,919,000 | 122,820,000 | 130,820,000 | 132,031,000 | 125,096,000 | 113,892,000 | 126,994,000 | 81,140,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
strategic capital expenses | 20,115,000 | 20,361,000 | 22,054,000 | 22,442,000 | 27,837,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative expenses | 57,027,000 | 56,288,000 | 65,987,000 | 58,203,000 | 60,375,000 | 63,203,000 | 63,067,000 | 55,034,000 | 54,909,000 | 56,197,000 | 60,608,000 | 55,886,000 | 51,415,000 | 60,159,000 | 50,797,000 | 53,341,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
other incomes | 30,127,000 | 5,575,000 | 8,096,000 | 4,868,000 | 5,450,000 | 5,053,000 | 9,488,000 | 6,370,000 | 6,771,000 | 4,353,000 | 9,414,000 | 5,580,000 | 7,227,000 | 4,335,000 | 9,789,000 | 3,971,000 | 5,587,000 | -946,000 | -1,867,000 | -1,330,000 | 1,271,000 | -7,198,000 | -3,049,000 | -5,684,000 | 662,000 | -1,608,000 | 1,088,000 | -1,422,000 | 92,000 | |||||||||||||||||||||||||||||||||||||
current income tax expense | 4,706,000 | 839,000 | -120,876,000 | 10,394,000 | 43,050,000 | 5,848,000 | 24,838,000 | 55,506,000 | 17,995,000 | 11,073,000 | 6,311,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax benefit | 145,000 | 171,834,000 | -33,658,000 | -51,968,000 | 1,032,000 | -12,624,000 | 1,168,000 | -4,350,000 | -3,640,000 | -3,537,000 | -1,884,000 | -9,920,000 | -22,558,000 | 1,773,000 | 118,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
total income tax benefit | 4,851,000 | 50,958,000 | -23,264,000 | -8,918,000 | 21,133,500 | 12,180,000 | 3,364,000 | -19,983,000 | -8,184,000 | -2,838,000 | 6,429,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income (earnings) attributable to noncontrolling interests | 1,658,000 | -21,416,000 | -9,212,000 | -71,250,000 | -7,077,000 | 1,768,000 | 7,284,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax expense | 1,052,000 | 1,051,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net earnings attributable to noncontrolling interests | -4,436,000 | -5,202,000 | -12,103,000 | -1,545,000 | -3,323,000 | -2,739,000 | -118,000 | -77,000 | -23,000 | -202,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding - basic | 514,022,000 | 499,583,000 | 499,292,000 | 499,112,000 | 486,076,000 | 497,989,000 | 486,032,000 | 461,468,000 | 459,895,000 | 460,079,000 | 459,878,000 | 459,203,000 | 370,534,000 | 458,256,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding - diluted | 529,022,000 | 506,391,000 | 516,088,000 | 516,619,000 | 491,546,000 | 499,848,000 | 486,032,000 | 477,059,000 | 459,895,000 | 460,079,000 | 459,878,000 | 476,107,000 | 370,534,000 | 462,408,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
net earnings per share attributable to common stockholders - basic | 0.67 | 0.82 | 0.27 | 0.15 | 0.12 | -0.02 | 0 | 0.58 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net earnings per share attributable to common stockholders - diluted | 0.65 | 0.81 | 0.23 | 0.13 | 0.11 | -0.02 | 0 | 0.57 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on acquisitions and dispositions of investments in real estate | 84,423,750 | 151,057,000 | 169,583,000 | 17,055,000 | 151,702,000 | 46,074,000 | 61,035,000 | 338,845,000 | 520,000 | 267,771,000 | -2,966,000 | 8,396,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings from continuing operations | 427,724,000 | 147,127,000 | 152,430,000 | 12,003,000 | 6,100,000 | -47,337,000 | -18,158,000 | 290,851,000 | 43,828,500 | -6,058,000 | -6,403,000 | 194,684,000 | -37,418,000 | 53,781,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income attributable to disposed properties and assets held for sale | 5,217,000 | -127,000 | -294,000 | 247,000 | 7,743,000 | 4,618,000 | 1,197,000 | 7,164,000 | 17,703,000 | 677,000 | 2,952,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gains on dispositions, including taxes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total discontinued operations | 62,169,000 | 40,170,000 | 13,173,000 | 6,081,000 | 53,176,000 | -26,840,000 | 11,071,000 | 18,413,000 | 54,772,000 | 12,087,000 | 11,127,000 | 17,051,000 | 12,005,000 | 12,237,000 | 4,659,000 | -154,000 | 32,127,000 | 62,598,000 | 14,544,000 | 6,277,000 | 1,321,000 | 165,000 | 1,100,000 | 1,442,000 | ||||||||||||||||||||||||||||||||||||||||||
loss on preferred stock redemption | 1,629,250 | 6,517,000 | -9,108,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net earnings per share attributable to common stockholders - basic: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
continuing operations | 0.82 | 0.27 | 0.15 | 0.01 | -0.1 | -0.03 | 0.57 | -0.62 | -0.04 | -0.04 | 0.4 | -0.23 | 0.09 | -0.53 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations | 0 | 0.12 | 0.08 | 0.03 | 0.01 | 0.12 | -0.06 | 0.02 | 0.04 | 0.14 | 0.03 | 0.04 | 100 | 70 | 70 | 30 | 260 | 390 | 80 | 60 | 10 | 10 | ||||||||||||||||||||||||||||||||||||||||||||
net earnings per share attributable to common stockholders - diluted: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment management income | 45,310,000 | 53,907,000 | 48,322,000 | 43,608,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment management expenses | 24,163,000 | 22,341,000 | 22,023,000 | 25,006,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gains on dispositions, including related impairment charges and taxes | 56,952,000 | 40,297,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding—basic | 498,696,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding—diluted | 504,373,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net earnings per share attributable to common stockholders—basic: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net earnings per share attributable to common stockholders—basic | 0.01 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net earnings per share attributable to common stockholders—diluted: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net earnings per share attributable to common stockholders—diluted | 0.01 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
the accompanying notes are an integral part of these consolidated financial statements. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
merger, acquisition and other integration expenses | 28,103,000 | 20,659,000 | 21,186,000 | 10,728,000 | 18,772,000 | 12,683,000 | 103,052,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of real estate properties | 239,951,000 | 9,778,000 | 3,185,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of other assets | -4,033,750 | -16,135,000 | -25,955,750 | -103,823,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current income tax benefit | 22,839,250 | 11,012,000 | 2,742,250 | -18,099,000 | 1,801,250 | -4,611,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock dividends | 4,064,000 | 2,135,000 | 3,816,000 | -10,305,000 | -3,952,000 | -11,854,000 | -3,952,000 | -3,952,000 | -3,952,000 | -11,854,000 | -3,952,000 | -3,952,000 | -3,952,000 | -11,854,000 | -3,952,000 | -3,952,000 | -3,952,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
net gains on dispositions | 13,467,000 | 5,834,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
private capital revenue | 33,635,000 | 31,715,000 | 31,714,000 | 30,993,000 | 32,357,000 | 40,230,000 | 34,578,000 | 32,311,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
private capital expenses | 19,909,000 | 16,134,000 | 15,730,000 | 15,075,000 | 16,881,000 | 15,734,000 | 17,080,000 | 11,596,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on acquisitions and dispositions of investments in real estate | 70,242,000 | 12,677,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on early extinguishment of debt | -19,033,000 | -500,000 | 5,419,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gain on dispositions, including related impairment charges and taxes | -2,583,750 | -31,458,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less preferred share dividends | 7,730,250 | 10,305,000 | 10,049,000 | 10,567,000 | 10,276,000 | 10,409,000 | 7,642,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net earnings available for common stockholders | 36,941,750 | -46,526,000 | -8,120,000 | 202,412,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net earnings per share available for common stockholders - basic: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net earnings per share available for common stockholders - basic | 0.08 | -0.1 | -0.02 | 0.44 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net earnings per share available for common stockholders - diluted: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net earnings per share available for common stockholders - diluted | 0.08 | -0.1 | -0.02 | 0.44 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gains on dispositions, net of related impairment charges and taxes | 9,874,000 | 37,069,000 | 11,410,000 | 8,175,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings from unconsolidated investees | 13,995,000 | 3,920,000 | 30,975,000 | 11,399,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency exchange and derivative gains | -26,775,000 | -2,471,000 | 52,525,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gains on dispositions, net of taxes | 11,249,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on early extinguishment of debt | -74,500 | -298,000 | -925,000 | -1,967,000 | -579,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net earnings attributable to common shares | -35,662,750 | 55,436,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net earnings per share attributable to common shares - basic: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net earnings per share attributable to common shares - basic | -0.105 | 0.12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net earnings per share attributable to common shares - diluted: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net earnings per share attributable to common shares - diluted | -0.105 | 0.12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions per common share | 0.195 | 0.28 | 0.25 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gains on acquisitions and dispositions of investments in real estate | 102,529,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency exchange and derivative losses | -10,255,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes | -148,325,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations | -154,754,000 | -2,729,000 | 7,997,000 | 1,355,000 | 4,654,000 | -466,000 | -136,551,000 | 13,866,000 | 14,490,000 | -129,301,000 | -78,782,000 | 27,986,000 | 75,919,000 | 41,490,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
consolidated net income | -143,627,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to controlling interests | -143,829,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common shares | -151,471,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding — basic | 307,756,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding — diluted | 307,756,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net earnings per share attributable to common shares — basic: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per share | -0.49 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net earnings per share attributable to common shares — diluted: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenues | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rental revenues | 158,085,000 | 451,513,000 | 151,127,000 | 151,773,000 | 150,507,000 | 446,314,000 | 149,649,000 | 139,575,000 | 153,834,000 | 493,582,000 | 152,993,000 | 167,886,000 | 166,563,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
private capital revenues | 7,683,000 | 23,291,000 | 7,569,000 | 6,845,000 | 7,445,000 | 29,993,000 | 7,886,000 | 7,795,000 | 11,695,000 | 58,968,000 | 9,502,000 | 41,413,000 | 9,923,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
costs and expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property operating costs | -31,256,000 | -84,057,000 | -26,658,000 | -28,214,000 | -28,859,000 | -83,474,000 | -26,415,000 | -21,980,000 | -29,310,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate taxes | -20,806,000 | -57,850,000 | -20,145,000 | -20,260,000 | -20,850,000 | -58,961,000 | -20,206,000 | -20,533,000 | -20,258,000 | -62,852,000 | -18,343,000 | -22,389,000 | -20,857,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring charges | -3,845,000 | -1,029,000 | -872,000 | -2,973,000 | -3,824,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
merger transaction costs | -3,697,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fund costs | -241,000 | -645,000 | -146,000 | -153,000 | -314,000 | -822,000 | -240,000 | -322,000 | -261,000 | -766,000 | -312,000 | -384,000 | -222,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
total costs and expenses | -142,593,000 | -389,959,000 | -128,613,000 | -126,599,000 | -134,772,000 | -552,058,000 | -124,232,000 | -116,430,000 | -288,496,000 | -580,868,000 | -124,781,000 | -124,549,000 | -123,123,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
other income and expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
development profits, net of taxes | 6,022,000 | 717,000 | 199,000 | 4,803,000 | 34,654,000 | 1,220,000 | 33,286,000 | 53,058,000 | 28,026,000 | 30,402,000 | 17,820,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of unconsolidated joint ventures | 7,800,000 | 14,024,000 | 3,348,000 | 5,193,000 | 8,074,000 | 3,257,000 | 4,284,000 | 11,749,000 | 5,372,000 | 6,059,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income | 1,238,000 | 2,244,000 | 1,299,000 | 448,000 | 289,000 | 1,343,000 | 4,941,000 | 8,595,000 | -1,057,250 | -4,229,000 | 1,909,000 | 4,436,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, including amortization | -34,942,000 | -98,213,000 | -32,125,000 | -32,626,000 | -32,613,000 | -92,604,000 | -28,855,000 | -29,329,000 | -32,521,000 | -101,214,000 | -32,319,000 | -36,555,000 | -30,928,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
total other income and expenses | -25,904,000 | -76,848,000 | -28,728,000 | -27,365,000 | -23,646,000 | -60,800,000 | -19,437,000 | -16,450,000 | -6,334,000 | -15,406,000 | -3,150,000 | 1,815,000 | 14,223,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
income attributable to discontinued operations | 870,000 | 3,252,000 | 742,000 | 411,000 | 1,843,000 | 1,162,000 | 4,454,000 | -12,669,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains from sale of real estate interests, net of taxes | 14,544,000 | 8,753,000 | 11,495,000 | 4,248,000 | 30,284,000 | 8,434,000 | 10,090,000 | 18,946,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 14,322,000 | 20,002,000 | 13,592,000 | 9,313,000 | -620,000 | -104,424,000 | 76,464,000 | 29,034,000 | -123,024,000 | -77,461,000 | 28,151,000 | 77,019,000 | 42,932,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interests’ share of net (income) loss: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
joint venture partners’ share of net (income) loss | -2,049,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
joint venture partners’ and limited partnership unitholders’ share of development profits, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net of taxes | -29,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
limited partnership unitholders | -116,000 | 44,000 | -132,000 | -75,000 | 200,000 | 4,072,000 | -447,000 | -1,279,000 | 5,320,000 | 5,305,000 | 137,000 | -1,740,000 | -979,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
total noncontrolling interests’ share of net (income) loss | -2,194,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to amb property corporation | 12,128,000 | 21,374,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
allocation to participating securities | -355,000 | -1,006,000 | -340,000 | -342,000 | -344,000 | -631,000 | -398,000 | -260,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income available to common stockholders | 7,821,000 | 3,332,000 | 6,635,000 | 2,897,000 | -4,447,000 | -112,867,000 | 62,790,000 | 17,162,000 | -122,350,000 | -89,315,000 | 24,199,000 | 73,067,000 | 38,980,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
basic income per common share attributable to common stockholders | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted income per common share attributable to common stockholders | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 168,099,995,000 | 161,988,053,000 | 164,800,819,000 | 148,666,418,000 | 134,321,231,000 | 145,332,050,000 | 145,318,364,000 | 98,915,587,000 | 97,403,659,000 | 97,149,079,000 | 97,083,044,000 | 97,750,901,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 168,099,995,000 | 161,988,053,000 | 164,800,819,000 | 148,666,418,000 | 134,321,231,000 | 145,658,847,000 | 145,379,807,000 | 98,915,587,000 | 97,403,659,000 | 98,952,245,000 | 99,432,356,000 | 99,789,253,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate impairment losses | -165,979,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
joint venture partners’ share of net income | -3,751,000 | -2,527,000 | -2,068,000 | 375,000 | -5,005,000 | -6,058,000 | -4,949,000 | 1,846,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
joint venture partners’ and limited partnership unitholders’ share of development profits | -1,500 | -6,000 | 21,000 | -106,000 | -1,920,000 | -1,388,000 | -1,108,000 | -7,951,000 | -1,090,000 | -1,371,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred unitholders | -2,864,000 | -1,431,000 | -1,432,000 | -1,432,000 | -4,296,000 | -1,431,000 | -1,432,000 | -1,432,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total noncontrolling interests’ share of net income | -3,810,000 | -2,665,000 | -2,122,000 | 469,000 | -5,717,000 | -9,324,000 | -7,660,000 | 4,626,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income atrributable to amb property corporation | 2,731,750 | 10,927,000 | 7,191,000 | -151,000 | 16,785,000 | 67,140,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average common | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 41,749,213,500 | 166,996,854,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 41,749,213,500 | 166,996,854,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other (expenses) income | -1,191,000 | -7,065,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings (losses) of unconsolidated joint ventures | 3,875,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss attributable to discontinued operations | -154,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic loss per common share attributable to common stockholders | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted loss per common share attributable to common stockholders | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains from sale or contribution of real estate interests | 19,967,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interests’ share of net income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic income per common share attributable to amb property corporation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted income per common share attributable to amb property corporation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in (losses) earnings of unconsolidated joint ventures | -34,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interests’ share of net income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income after noncontrolling interests | -118,398,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic income per common share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted income per common share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property operating expenses | -6,453,500 | -25,814,000 | -25,719,000 | -25,314,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment losses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before minority interests and discontinued operations | -43,724,000 | 34,564,000 | 86,565,000 | 67,586,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interests’ share of income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
joint venture partners’ share of income before discontinued operations | -28,116,000 | -4,194,000 | -6,103,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total minority interests’ share of income | -1,644,500 | -6,578,000 | -10,646,000 | -26,096,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income attributable to discontinued operations, net of minority interests | -578,000 | 177,000 | 297,000 | 41,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains from dispositions of real estate, net of minority interests | -3,000 | -12,000 | 803,000 | 1,401,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred unit redemption issuance costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of unconsolidated co-investment ventures | 2,928,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
co-investment venture partners’ share of income before minority interests and discontinued operations | -18,944,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
co-investment venture partners’ and limited partnership unitholders’ share of development profits | -4,741,000 |
We provide you with 20 years income statements for Prologis stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as earnings, sales and marketing expenses, research and development costs, profits, and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Prologis stock. Explore the full financial landscape of Prologis stock with our expertly curated income statements.
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