Symbols / PLD Stock $143.76 -0.22% Prologis, Inc.

Real Estate • REIT - Industrial • United States • NYQ
PLD (Stock) Chart
O: — H: — L: — C: — V: —
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Real Estate
Industry REIT - Industrial
CEO Mr. Daniel Stephen Letter
Exch · Country NYQ · United States
Market Cap 134.03B
Enterprise Value 172.98B
Income 3.71B
Sales 9.38B
FCF (ttm) 4.85B
Book/sh 57.45
Cash/sh 0.93
Employees 2,802
Insider 10d —
IPO Nov 21, 1997
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 103.02%
P/E 36.12
Forward P/E 42.31
PEG 112.09
P/S 14.30
P/B 2.50
P/C —
EV/EBITDA 26.37
EV/Sales 18.45
Quick Ratio 0.32
Current Ratio 0.53
Debt/Eq 60.93
LT Debt/Eq —
EPS (ttm) 3.98
EPS next Y 3.40
EPS Growth 65.20%
Revenue Growth 8.30%
EPS Gr Q/Q 65.60%
Rev Gr Q/Q —
Earnings (next) 2026-07-15
Earnings (prior) 2026-04-16
ROA 2.48%
ROE 6.84%
ROIC —
Gross Margin 75.60%
Oper. Margin 38.49%
Profit Margin 39.65%
Shs Outstand 932.34M
Shs Float 927.85M
Insider Own 0.27%
Instit Own 96.79%
Short Float 1.42%
Short Ratio 3.27
Short Interest 11.50M
52W High 145.44
vs 52W High -1.16%
52W Low 103.02
vs 52W Low 39.55%
Beta 1.35
Impl. Vol. 30.09%
Rel Volume 0.53
Avg Volume 3.45M
Volume 1.82M
Target (mean) $150.65
Tgt Median $154.00
Tgt Low $130.00
Tgt High $165.00
# Analysts 20
Recom Buy
Prev Close $144.07
Price $143.76
Change -0.22%
About

Prologis, Inc. is a self-administered and self-managed REIT and is the sole general partner of Prologis, L.P. through which it holds substantially all of its assets. We operate Prologis, Inc. and Prologis, L.P. as one enterprise and, therefore, our discussion and analysis refer to Prologis, Inc. and its consolidated subsidiaries, including Prologis, L.P. We invest in real estate through wholly owned subsidiaries and other entities through which we co-invest with partners and investors (co-investment ventures). We have a significant ownership interest in the co-investment ventures, which are either consolidated or unconsolidated based on our level of control of the entity. Prologis, Inc. began operating as a fully integrated real estate company in 1997 and elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended (Internal Revenue Code or IRC). We believe the current organization and method of operation enable Prologis, Inc. to maintain its status as a REIT. Prologis, L.P. was also formed in 1997. We operate, manage and measure the operating performance of our properties on an owned and managed (O&M) basis. Our O&M portfolio includes our consolidated properties as well as properties owned by our unconsolidated co investment ventures, which we manage. We make operating decisions based on our total O&M portfolio as we manage the properties without regard to their ownership. Prologis, Inc. was incorporated in 1983 in Maryland, USA.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$150.65
Mean price target
2. Current target
$143.76
Latest analyst target
3. DCF / Fair value
$93.72
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$143.76
Low
$130.00
High
$165.00
Mean
$150.65

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-07 up BMO Capital Market Perform → Outperform $162
2026-04-28 main RBC Capital Sector Perform → Sector Perform $148
2026-04-27 main Truist Securities Buy → Buy $154
2026-04-21 main Scotiabank Sector Outperform → Sector Outperform $154
2026-04-20 main B of A Securities Buy → Buy $162
2026-04-17 main UBS Buy → Buy $161
2026-04-17 main Evercore ISI Group In-Line → In-Line $135
2026-04-17 main BTIG Buy → Buy $160
2026-04-15 reit BTIG Buy → Buy $155
2026-02-02 main RBC Capital Sector Perform → Sector Perform $135
2026-01-26 main Truist Securities Buy → Buy $139
2026-01-26 main Mizuho Outperform → Outperform $143
2026-01-23 down Freedom Capital Markets Buy → Hold $138
2026-01-23 down Freedom Broker Buy → Hold $138
2026-01-22 main Evercore ISI Group In-Line → In-Line $121
2026-01-22 main UBS Buy → Buy $148
2026-01-22 main Argus Research Buy → Buy $135
2026-01-20 main Truist Securities Buy → Buy $142
2026-01-14 up Scotiabank Sector Perform → Sector Outperform $146
2026-01-08 main UBS Buy → Buy $144
News
RSS: Latest PLD news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-28 PIANI OLIVIER Director — 1,984 $0.00 $0
2026-04-28 LYONS IRVING F III Director — 43,825 $141.53 $6,202,552
2026-04-28 KENNARD LYDIA H Director — 1,984 — —
2026-04-28 CONNOR JAMES B Director — 1,984 — —
2026-04-28 MODJTABAI AVID Director — 1,984 — —
2026-04-28 PIANI OLIVIER Director — 1,984 $141.53 $280,873
2026-03-31 LETTER DANIEL Chief Executive Officer — 16,000 $0.01 $160
2026-03-26 MOGHADAM HAMID R Director — 1,019,089 $0.00 $0
2026-03-09 ANDRUS CARTER Chief Operating Officer — 25,106 $0.01 $251
2026-01-28 SLUSSER SARAH ANN Director — 111 $108.58 $12,631
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
8,790.13
+7.18%
8,201.61
+2.22%
8,023.47
+34.31%
5,973.69
Operating Revenue
8,790.13
+7.18%
8,201.61
+2.22%
8,023.47
+34.31%
5,973.69
Cost Of Revenue
2,234.65
+8.62%
2,057.24
+2.33%
2,010.34
+33.21%
1,509.09
Reconciled Cost Of Revenue
2,234.65
+8.62%
2,057.24
+2.33%
2,010.34
+33.21%
1,509.09
Gross Profit
6,555.47
+6.69%
6,144.37
+2.18%
6,013.13
+34.68%
4,464.60
Operating Expense
3,141.17
+3.11%
3,046.33
+4.02%
2,928.65
+34.08%
2,184.20
Selling General And Administration
469.11
+12.02%
418.76
+7.26%
390.41
+17.92%
331.08
General And Administrative Expense
469.11
+12.02%
418.76
+7.26%
390.41
+17.92%
331.08
Other Gand A
469.11
+12.02%
418.76
+7.26%
390.41
+17.92%
331.08
Other Operating Expenses
46.03
-2.16%
47.04
-11.83%
53.35
+32.27%
40.34
Total Expenses
5,375.82
+5.33%
5,103.57
+3.33%
4,938.99
+33.73%
3,693.29
Operating Income
3,414.30
+10.21%
3,098.04
+0.44%
3,084.48
+35.26%
2,280.40
Total Operating Income As Reported
4,357.86
-1.31%
4,415.92
+19.10%
3,707.79
+6.93%
3,467.54
EBITDA
7,367.60
-2.19%
7,532.69
+14.69%
6,567.80
+13.33%
5,795.49
Normalized EBITDA
6,412.78
+6.78%
6,005.55
+2.59%
5,853.99
+33.44%
4,386.92
Reconciled Depreciation
2,626.03
+1.76%
2,580.52
+3.85%
2,484.89
+37.08%
1,812.78
EBIT
4,741.57
-4.25%
4,952.17
+21.29%
4,082.91
+2.52%
3,982.71
Total Unusual Items
954.83
-37.48%
1,527.15
+113.94%
713.80
-49.32%
1,408.57
Total Unusual Items Excluding Goodwill
954.83
-37.48%
1,527.15
+113.94%
713.80
-49.32%
1,408.57
Special Income Charges
-3.50
-752.61%
0.54
-83.63%
3.27
+116.23%
-20.18
Other Special Charges
3.50
+752.61%
-0.54
+83.63%
-3.27
-116.23%
20.18
Net Income
3,328.23
-10.81%
3,731.64
+21.98%
3,059.21
-9.08%
3,364.86
Pretax Income
3,769.32
-8.40%
4,114.88
+18.78%
3,464.18
-6.14%
3,690.81
Net Non Operating Interest Income Expense
-1,002.34
-16.02%
-863.93
-34.71%
-641.33
-107.53%
-309.04
Interest Expense Non Operating
972.26
+16.12%
837.30
+35.33%
618.72
+111.96%
291.90
Net Interest Income
-1,002.34
-16.02%
-863.93
-34.71%
-641.33
-107.53%
-309.04
Interest Expense
972.26
+16.12%
837.30
+35.33%
618.72
+111.96%
291.90
Interest Income Non Operating
—
—
—
—
Interest Income
—
—
—
—
Other Income Expense
1,357.36
-27.83%
1,880.77
+84.20%
1,021.03
-40.62%
1,719.44
Gain On Sale Of Security
958.33
-37.23%
1,526.61
+114.86%
710.53
-50.27%
1,428.76
Tax Provision
204.02
+22.21%
166.94
-20.89%
211.04
+55.85%
135.41
Tax Rate For Calcs
0.00
+33.41%
0.00
-33.40%
0.00
+66.04%
0.00
Tax Effect Of Unusual Items
51.68
-16.59%
61.96
+42.48%
43.48
-15.86%
51.68
Net Income Including Noncontrolling Interests
3,565.30
-9.69%
3,947.93
+21.36%
3,253.14
-8.50%
3,555.40
Net Income From Continuing Operation Net Minority Interest
3,328.23
-10.81%
3,731.64
+21.98%
3,059.21
-9.08%
3,364.86
Net Income From Continuing And Discontinued Operation
3,328.23
-10.81%
3,731.64
+21.98%
3,059.21
-9.08%
3,364.86
Net Income Continuous Operations
3,565.30
-9.69%
3,947.93
+21.36%
3,253.14
-8.50%
3,555.40
Minority Interests
-237.07
-9.60%
-216.30
-11.53%
-193.93
-1.78%
-190.54
Normalized Income
2,425.08
+7.00%
2,266.45
-5.13%
2,388.89
+18.97%
2,007.96
Net Income Common Stockholders
3,322.35
-10.83%
3,725.75
+22.02%
3,053.37
-9.09%
3,358.80
Otherunder Preferred Stock Dividend
—
—
—
0.00
Diluted EPS
3.56
-11.22%
4.01
+21.88%
3.29
-22.59%
4.25
Basic EPS
3.58
-10.95%
4.02
+21.82%
3.30
-22.90%
4.28
Basic Average Shares
928.47
+0.25%
926.17
+0.20%
924.35
+17.65%
785.67
Diluted Average Shares
956.83
+0.34%
953.59
+0.19%
951.79
+17.27%
811.61
Diluted NI Availto Com Stockholders
3,404.12
-10.88%
3,819.81
+21.99%
3,131.18
-9.27%
3,451.03
Average Dilution Earnings
81.77
-13.06%
94.05
+20.88%
77.81
-15.64%
92.24
Depreciation Amortization Depletion Income Statement
2,626.03
+1.76%
2,580.52
+3.85%
2,484.89
+37.08%
1,812.78
Depreciation And Amortization In Income Statement
2,626.03
+1.76%
2,580.52
+3.85%
2,484.89
+37.08%
1,812.78
Earnings From Equity Interest
402.53
+13.83%
353.62
+15.10%
307.23
-1.17%
310.87
Preferred Stock Dividends
5.88
+0.02%
5.88
+0.68%
5.84
-3.61%
6.06
Total Other Finance Cost
30.09
+12.95%
26.64
+17.81%
22.61
+31.95%
17.13
Line Item Trend 2023-12-31
Total Assets
93,020.84
Current Assets
1,794.98
Cash Cash Equivalents And Short Term Investments
530.39
Cash And Cash Equivalents
530.39
Receivables
554.34
Accounts Receivable
325.70
Taxes Receivable
155.91
Prepaid Assets
248.60
Assets Held For Sale Current
461.66
Total Non Current Assets
91,225.86
Net PPE
891.74
Gross PPE
891.74
Other Properties
891.74
Goodwill And Other Intangible Assets
1,010.62
Other Intangible Assets
1,010.62
Investments And Advances
9,543.97
Long Term Equity Investment
9,543.97
Non Current Deferred Assets
1.23
Non Current Deferred Taxes Assets
1.23
Other Non Current Assets
1,955.90
Total Liabilities Net Minority Interest
35,197.12
Current Liabilities
3,289.06
Payables And Accrued Expenses
1,918.51
Payables
1,918.51
Accounts Payable
1,766.02
Total Tax Payable
152.49
Income Tax Payable
118.68
Current Debt And Capital Lease Obligation
979.31
Current Debt
979.31
Current Deferred Liabilities
377.06
Current Deferred Revenue
377.06
Other Current Liabilities
14.18
Total Non Current Liabilities Net Minority Interest
31,908.06
Long Term Debt And Capital Lease Obligation
28,618.75
Long Term Debt
28,021.19
Long Term Capital Lease Obligation
597.56
Other Non Current Liabilities
3,195.15
Stockholders Equity
53,181.72
Common Stock Equity
53,117.78
Capital Stock
73.19
Common Stock
9.24
Preferred Stock
63.95
Share Issued
924.39
Ordinary Shares Number
924.39
Treasury Shares Number
0.00
Additional Paid In Capital
54,249.80
Retained Earnings
-627.07
Gains Losses Not Affecting Retained Earnings
-514.20
Minority Interest
4,642.00
Other Equity Adjustments
-514.20
Total Equity Gross Minority Interest
57,823.72
Total Capitalization
81,202.91
Working Capital
-1,494.08
Invested Capital
82,118.28
Total Debt
29,598.06
Net Debt
28,470.11
Capital Lease Obligations
597.56
Net Tangible Assets
52,171.11
Tangible Book Value
52,107.16
Derivative Product Liabilities
94.16
Financial Assets
87.32
Investment Properties
77,735.09
Line Of Credit
979.31
Notes Receivable
72.73
Preferred Shares Number
1.28
Preferred Stock Equity
63.95
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
5,008.43
+1.96%
4,912.21
-8.58%
5,373.06
+30.21%
4,126.43
Cash Flow From Continuing Operating Activities
5,008.43
+1.96%
4,912.21
-8.58%
5,373.06
+30.21%
4,126.43
Net Income From Continuing Operations
3,565.30
-9.69%
3,947.93
+21.36%
3,253.14
-8.50%
3,555.40
Depreciation Amortization Depletion
2,626.03
+1.76%
2,580.52
+3.85%
2,484.89
+37.08%
1,812.78
Depreciation And Amortization
2,626.03
+1.76%
2,580.52
+3.85%
2,484.89
+37.08%
1,812.78
Other Non Cash Items
-605.44
-7.02%
-565.72
-5.07%
-538.42
-120.69%
-243.97
Stock Based Compensation
185.47
-19.97%
231.75
-13.41%
267.65
+52.63%
175.36
Deferred Tax
4.31
-79.64%
21.16
+19.50%
17.71
+40.12%
12.64
Deferred Income Tax
4.31
-79.64%
21.16
+19.50%
17.71
+40.12%
12.64
Operating Gains Losses
-1,216.94
+30.04%
-1,739.37
-101.74%
-862.18
+45.08%
-1,570.03
Gain Loss On Investment Securities
-943.56
+28.40%
-1,317.88
-111.43%
-623.31
+47.49%
-1,187.14
Net Foreign Currency Exchange Gain Loss
125.66
+286.61%
-67.33
-194.01%
71.63
+177.69%
-92.20
Change In Working Capital
-195.22
-54.28%
-126.53
-280.57%
70.07
+367.21%
-26.22
Change In Receivables
1.27
-93.80%
20.53
+124.93%
-82.38
-28.82%
-63.95
Changes In Account Receivables
1.27
-93.80%
20.53
+124.93%
-82.38
-28.82%
-63.95
Change In Payables And Accrued Expense
225.61
+15.96%
194.55
-23.72%
255.06
+133.93%
109.03
Change In Payable
225.61
+15.96%
194.55
-23.72%
255.06
+133.93%
109.03
Change In Account Payable
225.61
+15.96%
194.55
-23.72%
255.06
+133.93%
109.03
Change In Other Current Assets
-422.10
-23.56%
-341.61
-232.92%
-102.61
-43.90%
-71.31
Investing Cash Flow
-3,630.45
-17.15%
-3,099.06
+51.72%
-6,419.40
-42.68%
-4,499.06
Cash Flow From Continuing Investing Activities
-3,630.45
-17.15%
-3,099.06
+51.72%
-6,419.40
-42.68%
-4,499.06
Net Investment Purchase And Sale
-197.51
-1617.10%
13.02
-62.68%
34.88
-37.51%
55.82
Purchase Of Investment
-202.36
-6640.94%
-3.00
-34.62%
-2.23
+35.51%
-3.46
Sale Of Investment
4.85
-69.71%
16.02
-56.83%
37.11
-37.39%
59.28
Net Business Purchase And Sale
-207.78
+56.91%
-482.22
-852.40%
64.09
+117.54%
-365.37
Purchase Of Business
-312.21
+42.24%
-540.56
-90.21%
-284.19
+35.76%
-442.37
Net Other Investing Changes
—
—
37.00
—
Financing Cash Flow
-1,563.62
-56.37%
-999.96
-175.74%
1,320.28
+1040.25%
115.79
Cash Flow From Continuing Financing Activities
-1,563.62
-56.37%
-999.96
-175.74%
1,320.28
+1040.25%
115.79
Net Issuance Payments Of Debt
2,555.13
-10.54%
2,856.27
-41.90%
4,915.82
+62.26%
3,029.65
Issuance Of Debt
3,460.90
-23.19%
4,505.83
-21.71%
5,755.10
+30.48%
4,410.65
Repayment Of Debt
-905.78
+45.09%
-1,649.56
-96.54%
-839.28
+39.23%
-1,381.01
Long Term Debt Issuance
3,460.90
-23.19%
4,505.83
-21.71%
5,755.10
+30.48%
4,410.65
Long Term Debt Payments
-905.78
+45.09%
-1,649.56
-96.54%
-839.28
+39.23%
-1,381.01
Net Long Term Debt Issuance
2,555.13
-10.54%
2,856.27
-41.90%
4,915.82
+62.26%
3,029.65
Net Short Term Debt Issuance
—
—
—
—
Net Common Stock Issuance
—
—
0.00
0.00
Common Stock Payments
—
—
—
0.00
Cash Dividends Paid
-3,764.74
-5.44%
-3,570.48
-10.59%
-3,228.59
-29.42%
-2,494.72
Repurchase Of Capital Stock
—
—
—
0.00
Net Other Financing Charges
-354.00
-23.88%
-285.75
+22.13%
-366.95
+12.45%
-419.14
Changes In Cash
-185.63
-122.83%
813.20
+196.85%
273.94
+206.66%
-256.84
Effect Of Exchange Rate Changes
12.69
+150.77%
-24.99
-13.40%
-22.04
-5.97%
-20.80
Beginning Cash Position
1,318.59
+148.61%
530.39
+90.46%
278.48
-49.92%
556.12
End Cash Position
1,145.65
-13.12%
1,318.59
+148.61%
530.39
+90.46%
278.48
Free Cash Flow
5,008.43
+1.96%
4,912.21
-8.58%
5,373.06
+30.21%
4,126.43
Common Stock Issuance
—
—
0.00
0.00
Dividend Received CFO
644.94
+14.66%
562.48
-17.31%
680.19
+65.71%
410.48
Earnings Losses From Equity Investments
-402.53
-13.83%
-353.62
-15.10%
-307.23
+1.17%
-310.87
Issuance Of Capital Stock
—
—
0.00
0.00
Net Investment Properties Purchase And Sale
-3,225.15
-22.64%
-2,629.86
+59.88%
-6,555.37
-56.47%
-4,189.51
Net Preferred Stock Issuance
—
—
—
0.00
Preferred Stock Payments
—
—
—
0.00
Purchase Of Investment Properties
-5,471.34
+14.78%
-6,420.24
+22.83%
-8,319.69
-33.05%
-6,253.13
Sale Of Business
104.43
+79.01%
58.34
-83.25%
348.28
+352.34%
76.99
Sale Of Investment Properties
2,246.19
-40.74%
3,790.39
+114.84%
1,764.32
-14.50%
2,063.62
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Trades
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status
Posts
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