• Prologis average return on tangible equity for 2023 was 5.54, a 41.5% decline from 2022.
• Prologis average return on tangible equity for 2022 was 9.47, a 78.01% decline from 2021.
• Prologis average return on tangible equity for 2021 was 5.32, a 5.56% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.