Prologis (Prologis) Interest Expense : $-676 Mil (TTM As of Mar. 2024)

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What is Prologis Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Prologis's interest expense for the three months ended in Mar. 2024 was $ -193 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-676 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Prologis's Operating Income for the three months ended in Mar. 2024 was $ 663 Mil. Prologis's Interest Expense for the three months ended in Mar. 2024 was $ -193 Mil. Prologis's Interest Coverage for the quarter that ended in Mar. 2024 was 3.43. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Prologis Interest Expense Historical Data

The historical data trend for Prologis's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Prologis Interest Expense Chart

Prologis Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-226.66

-299.91

-250.09

-291.90

-618.72

Prologis Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-136.00	-149.82	-181.05	-151.72	-193.00

Prologis Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-676 Mil.

Prologis (NYSE:PLD) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Prologis's Interest Expense for the three months ended in Mar. 2024 was $-193 Mil. Its Operating Income for the three months ended in Mar. 2024 was $663 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $28,526 Mil.

Prologis's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	662.513	/	-193
	=	3.43

The higher the ratio, the stronger the company's financial strength is.

Prologis (Prologis) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Prologis Inc (NYSE:PLD) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

PLDGP.PFD:USA PLD:Mexico 1PLD:Italy POJN:Germany POJN:Germany P1LD34:Brazil

Address

Pier 1, Bay 1, San Francisco, CA, USA, 94111

Website

https://www.prologis.com

Prologis was formed by the June 2011 merger of AMB Property and Prologis Trust. The company develops, acquires, and operates around 1.2 billion square feet of high-quality industrial and logistics facilities across the globe. The company also has a strategic capital business segment that has around $60 billion of third-party AUM. The company is organized into four global divisions (Americas, Europe, Asia, and other Americas) and operates as a real estate investment trust.

Executives

James B. Connor	director	600 E 96TH ST, #100, INDIANAPOLIS IN 46240
George L Fotiades	director	281 SUMMIT AVENUE, SUMMIT NJ 07901
Daniel Letter	officer: President	PIER 1, BAY 1, SAN FRANCISCO CA 94111
David P Oconnor	director	C/O HIGH RISE, 325 NORTH AVENUE E, WESTFIELD NJ 07090
Avid Modjtabai	director	420 MONTGOMERY STREET, 12TH FLOOR, SAN FRANCISCO CA 94104
Lyons Irving F Iii	director	C/O ESSEX PROPERTY TRUST, INC., 925 E. MEADOW DRIVE, PALO ALTO CA 94303
Timothy D Arndt	officer: Chief Financial Officer	PIER 1, BAY 1, SAN FRANCISCO CA 94111
William D Zollars	director	10777 BARKLEY, PO BOX 7563, OVERLAND PARK KS 66207-0563
Hamid R Moghadam	director, officer: Chairman & CEO	PIER 1, BAY 1, SAN FRANCISCO CA 94111
Lydia H Kennard	director	155 N LAKE AVE, PASADENA CA 91101
Jeffrey L Skelton	director
Eugene F Reilly	officer: Executive Vice President	C/O AMB PROPERTY CORP, PIER I BAY 1, SAN FRANCISCO CA 94111
Thomas S Olinger	officer: Chief Financial Officer	C/O AMB PROPERTY CORPORATION, PIER 1, BAY 1, SAN FRANCISCO CA 94111
Philip L Hawkins	director	C/O CORPORATE OFFICE PROPERTIES TRUST, 6711 COLUMBIA GATEWAY DRIVE, #300, COLUMBIA MD 21046
Edward S Nekritz	officer: Chief Legal Off./Gen. Counsel	KATE MEADE, 14100 E 35TH PL, AURORA CO 80011