Prologis
1.64 %
-2.99 %
Yet to be announced
Company Overview
Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2020, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 984 million square feet.
Revenue Sources
PassBased on analysis of Prologis's financial statements and business model, their primary revenue comes from leasing logistics facilities and providing related real estate services. The company does not derive material revenue from prohibited activities such as alcohol, gambling, pornography, or interest-based lending. Their core business of industrial real estate leasing and management is halal.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| March 31, 2025 | $2.14b | $1.49b | - | $231.75m | 0.00% | 15.52% |
| Dec. 31, 2024 | $2.2b | $1.01b | - | $232.23m | 0.00% | 22.96% |
| Sept. 30, 2024 | $2.04b | $1.02b | - | $230.11m | 0.00% | 22.66% |
| June 30, 2024 | $2.01b | $1.19b | - | $208.27m | 0.00% | 17.46% |
Examining the last four quarters of financial data, interest expenses represent a significant portion of total expenses. Interest expense has ranged from $174.45M to $230.11M per quarter, while being a material component of the company's expense structure. As a REIT, the company's business model inherently involves substantial leverage, making interest a material part of operations.
Operational Ethics
FailWhile Prologis operates globally, including in China, there is no clear evidence of direct material collaboration with the Chinese Communist Party. The company does maintain operations in Israel through Prologis Israel, which represents an ongoing business presence in the region.
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