Prologis, Inc.

US$126.96As of Sun 8 Nov 2026, 12:00 UTC

NYSE:PLDReal Estate

Country USA

PE (Fwd) •••

TSR 10Y CAGR 12.42%

Div yield 3.37%

ROE 7.71%

REIT (Industrial)

Beta (5Y) 1.29

PE TTM 28.03

TSR TTM 5.52%

Mkt cap US$123.1B

ROIC 3.96%

SE Grade™

Value

Quality

Moat

Consensus

Reference

$121

(4.53%)

(56.09%)

Hold 2|12|1|9|7

TTM

FYE 31 Dec USD

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

13.35

Revenue$B

24.15

26.40

28.37

31.32

34.26

36.35

40.31

44.69

48.29

51.78

14.56

8.61%

8.92%

4.32

Revenue growth%

22.88

24.12

26.24

23.49

26.39

26.86

25.82

22.93

23.15

20.69

12.26

23.15

23.81

23.48

Gross margin%

7.82

8.61

9.53

7.34

6.81

7.81

4.90

5.35

2.35

0.40

5.78

4.90

7.08

14.27

Operating margin%

7.34

6.97

8.27

8.58

10.97

11.78

12.51

10.67

10.63

12.34

7.33

11.78

10.65

8.10

Net margin%

27.90

25.31

24.77

26.75

28.39

29.18

30.84

28.15

25.97

23.58

12.13

28.15

27.32

10.77

P/E ratio (avg)x

14.10

15.18

15.14

17.00

18.92

20.16

19.64

19.40

20.88

20.79

6.697

20.16

19.16

8.846

EV/EBITx

18.05

17.31

17.17

15.76

13.46

14.09

14.65

14.02

12.71

12.17

11.38

14.02

14.37

24.06

FCF yield (avg)%

16.31

18.92

19.00

20.59

22.95

22.24

24.90

21.93

21.10

19.30

10.59

21.93

20.84

17.67

FCF margin%

7.81

8.23

8.73

10.01

11.86

10.15

11.80

9.85

10.62

10.71

14.60

10.62

10.08

1.034

FCF / Net incomex

2.178

2.088

2.137

2.123

2.467

2.567

2.973

3.264

3.418

3.330

1.109

3.264

2.517

8.52

ROIC%

23.45

25.47

26.38

24.43

26.84

27.62

27.37

28.05

29.45

29.94

12.47

28.05

27.11

29.87

Return on equity%

30.98

32.88

31.00

29.30

30.36

32.52

30.21

31.21

29.40

30.90

21.50

30.90

30.94

27.43

Return on assets%

9.50

8.87

7.06

7.68

6.64

4.61

3.10

3.32

1.81

0.40

19.29

3.10

5.62

6.55

EPS$

15.35

14.41

12.97

12.53

11.95

11.79

10.82

11.64

12.00

12.86

7.15

1.46%

(1.15%)

—

9.76

EPS growth%

27.40

28.19

27.78

29.90

32.51

34.70

34.89

35.15

33.00

30.54

24.61

34.70

31.53

11.30

Bookvalue per sh$

11.95

13.31

14.59

17.53

18.18

18.60

20.47

24.02

26.72

26.22

2.64

7.60%

9.14%

—

12.22

FCF per share$

15.44

16.99

20.25

22.84

27.14

32.41

32.89

35.04

36.06

38.19

5.26

7.07%

10.94%

—

6.05

Dividend per sh$

3.94

4.25

4.43

4.97

4.73

5.33

5.15

5.10

5.78

6.66

4.48

7.08%

5.80%

—

26.37

Div yield (avg)%

27.14

29.23

28.42

29.73

28.84

26.44

28.01

26.74

28.32

5.38

28.01

28.16

8.68

Payout ratio%

17.48

14.70

16.70

16.60

17.43

16.96

18.65

21.54

21.58

24.16

6.98

21.54

17.46

0.981

Shares (diluted)B

1.241

1.407

1.582

1.575

1.549

1.489

1.641

1.894

2.088

2.002

0.952

5.27%

6.17%

15.65

Buyback yield%

17.85

17.68

19.85

16.89

19.84

19.27

18.73

18.09

20.87

22.91

9.08

19.27

19.00

0.223

D/E ratiox

0.801

0.860

0.858

0.805

0.785

0.791

0.821

0.822

0.953

0.958

1.127

0.822

0.821

2.814

Enterprise value$B

14.48

16.20

14.54

16.18

15.55

16.39

16.73

15.37

16.26

16.74

18.29

1.49%

1.63%

18.39

LT debt$B

14.70

15.43

16.22

17.37

19.67

20.71

21.35

19.93

22.21

22.33

4.354

2.57%

5.35%

Peers (US$123.1B)

Cap (US$)

Public Storage

65.54B

35.49x

Extra Space Storage…

34.72B

32.38x

EastGroup Properties…

10.40B

32.85x

Equinix, Inc.

100.2B

60.78x

Capital

TTM

10Y

Leveragex

0.171

(1.141)

(0.854)

EBIT/Intx

4.400

0.133

0.128

Own earn%

49.48

9.93

17.07

Sh yield%

42.01

47.61

46.85

Owners

Insiders/Inst%

8.80

83.76

Short interest%

2.55

SBC / revenue%

0.32

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

7–13

$1 testx

−0.1

Incr. ROIC%

Prologis, Inc. creates infrastructure for global commerce that connects the digital and physical worlds, with offerings ranging from supply chain solutions to clean energy solutions. Its ecosystems serve businesses seeking to move faster, operate smarter and grow sustainably, and the company describes itself as a logistics business operating at scale, with innovation and expertise, that aims to shape the future of logistics.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

$51.78B

8.92%

1.00×

Cost of revenue

$28.67B

8.59%

0.97×

Operating expenses

$12.49B

9.40%

1.04×