Prologis (PLD) FY2025 10-K Annual Report
Prologis (PLD) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 13, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Prologis FY2025 10-K Analysis
Business Overview
- • Core business model: Real estate investment and management focused on O&M portfolio combining owned and co-invested properties
- • No new products or segments introduced; continued emphasis on managing consolidated and unconsolidated co-investment ventures
Management Discussion & Analysis
- • Revenue $8.2B, up $644M YoY primarily due to higher rental revenues ($8.16B vs $7.52B)
- • Real Estate NOI $6.19B up 8.2% ($471M increase), Strategic Capital NOI $321M down 15.5%, Operating margin ~53.5% (Operating income $4.36B on revenue $8.79B)
Risk Factors
- • Regulatory risk: Compliance with Foreign Corrupt Practices Act and U.K. Bribery Act, noncompliance may cause substantial fines or damages
- • Geopolitical risk: $788M revenue (9% consolidated) from international ops exposed to political instability and trade wars
Prologis FY2025 Key Financial MetricsXBRL
Revenue
$8.8B
▲ +7.2% YoY
Net Income
$3.3B
▼ -10.8% YoY
Operating Margin
49.6%
▼ -427bp YoY
Net Margin
37.9%
▼ -764bp YoY
ROE
6.3%
▼ -66bp YoY
Total Assets
$98.7B
▲ +3.6% YoY
EPS (Diluted)
$3.56
▼ -11.2% YoY
Operating Cash Flow
$5.0B
▲ +2.0% YoY
Source: XBRL data from Prologis FY2025 10-K filing on SEC EDGAR. All figures in USD.
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