Prologis delivered robust financial results for fiscal year 2024, with consolidated net earnings of $3.95 billion and rental revenues increasing 10.2% to $7.51 billion. Same store net operating income grew 6.6% on a net effective basis, driven by strong rent change on rollover of 68.7%. The company maintained high occupancy of 95.8% across its owned and managed portfolio of 1.3 billion square feet.The company generated $4.8 billion in proceeds and realized $1.3 billion in gains from strategic capital deployment, primarily through contributions to co-investment ventures and dispositions of non-strategic assets. Development activity remained disciplined with $1.2 billion in new starts and $4.1 billion in stabilizations at a 6.2% yield. The investment portfolio expanded into India with the acquisition of 225 acres for future development.Prologis maintained a strong balance sheet with $7.4 billion in total available liquidity and a weighted average interest rate of 3.1% on its $30.9 billion of debt. The company issued $4.2 billion of senior notes during the year at a weighted average interest rate of 4.8%. FIBRA Prologis completed the acquisition of Terrafina, expanding its Mexican portfolio by 41 million square feet.

Prologis delivered robust financial results for fiscal year 2024, with consolidated net earnings of $3.95 billion and rental revenues increasing 10.2% to $7.51 billion. Same store net operating income grew 6.6% on a net effective basis, driven by strong rent change on rollover of 68.7%. The company maintained high occupancy of 95.8% across its owned and managed portfolio of 1.3 billion square feet.The company generated $4.8 billion in proceeds and realized $1.3 billion in gains from strategic capital deployment, primarily through contributions to co-investment ventures and dispositions of non-strategic assets. Development activity remained disciplined with $1.2 billion in new starts and $4.1 billion in stabilizations at a 6.2% yield. The investment portfolio expanded into India with the acquisition of 225 acres for future development.Prologis maintained a strong balance sheet with $7.4 billion in total available liquidity and a weighted average interest rate of 3.1% on its $30.9 billion of debt. The company issued $4.2 billion of senior notes during the year at a weighted average interest rate of 4.8%. FIBRA Prologis completed the acquisition of Terrafina, expanding its Mexican portfolio by 41 million square feet.