Prologis balance sheet

At the end of fiscal 2025, Prologis had total assets of $98.72bn, total liabilities of $40.97bn and shareholders' equity of $53.19bn. It held $1.15bn in cash against $35.58bn of debt: net debt of $34.43bn.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Prologis: balance sheet, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Cash and equivalents	0.8	0.4	0.3	1.1	0.6	0.6	0.3	0.5	1.3	1.1	2.3
Total assets	30.2	29.5	38.4	40.0	56.1	58.5	87.9	93.0	95.3	98.7	103.9
Long-term debt	10.6	9.4	11.1	11.9	16.8	0.2	23.9	29.0	30.9	35.0	36.8
Total debt	10.6	9.4	11.1	12.0	16.9	17.8	24.4	29.6	31.4	35.6	37.4
Total liabilities	11.8	10.8	12.6	14.0	19.7	20.7	30.0	35.2	36.7	41.0	43.6
Shareholders' equity	15.0	15.6	22.3	22.7	32.0	33.4	53.2	53.2	54.0	53.2	55.9
Non-controlling interests and other (assets − liabilities − equity)	3.5	3.1	3.5	3.4	4.4	4.3	4.6	4.6	4.7	4.6	4.4
Net debt (negative = net cash)	9.8	9.0	10.7	10.9	16.3	17.2	24.2	29.0	30.1	34.4	35.1
Shares outstanding	529m	532m	630m	632m	739m	740m	923m	924m	926m	929m	950m

US$ billions unless shown otherwise. Fiscal quarters.

Prologis: balance sheet, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Total assets	95.3	96.0	97.7	98.3	98.7	98.1	101.0	103.9
Long-term debt	30.9	32.3	34.7	35.3	35.0	34.7	36.4	36.8
Total debt	30.9	32.3	34.7	35.3	35.0	34.7	36.4	36.8
Total liabilities	36.7	37.9	40.4	41.1	41.0	40.2	42.9	43.6
Shareholders' equity	54.0	53.5	52.7	52.6	53.2	53.5	53.7	55.9
Non-controlling interests and other (assets − liabilities − equity)	4.7	4.6	4.6	4.6	4.6	4.4	4.4	4.4
Shares outstanding	926m	928m	928m	929m	929m	932m	933m	950m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Prologis's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Prologis.