8-K Announcements
6Apr 16, 2026·SEC
Mar 31, 2026·SEC
Jan 21, 2026·SEC
Prologis, Inc. (PLD) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Prologis, Inc. (PLD) stock price & volume — 10-year historical chart
Prologis, Inc. (PLD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Prologis, Inc. (PLD) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 16, 2026 | $1.05vs $0.81+30.3% | $2.1Bvs $2.1B+0.2% |
| Q1 2026 | Jan 21, 2026 | $1.44vs $0.77+87.0% | $2.1Bvs $2.1B+0.1% |
| Q4 2025 | Oct 15, 2025 | $1.49vs $1.44+3.5% | $2.2Bvs $2.1B+6.1% |
| Q3 2025 | Jul 16, 2025 | $1.46vs $1.41+3.5% | $2.2Bvs $2.0B+7.5% |
Prologis, Inc. (PLD) competitors in Industrial Logistics Warehouse REITs — business model, growth, and fundamentals comparison
Prologis, Inc. (PLD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Prologis, Inc. (PLD) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.53B | 2.62B | 2.8B | 3.33B | 4.44B | 4.76B | 5.97B | 8.02B | 8.2B | 8.74B |
| Revenue Growth % | 15.3% | 3.36% | 7.12% | 18.76% | 33.27% | 7.23% | 25.51% | 34.31% | 2.22% | 10.75% |
| Property Operating Expenses | 697.38M | 724.66M | 757.69M | 918.93M | 1.17B | 1.25B | 1.51B | 2.01B | 2.06B | 2.82B |
| Net Operating Income (NOI) | 1.84B▲ 0% | 1.89B▲ 3.1% | 2.05B▲ 8.1% | 2.41B▲ 17.8% | 3.27B▲ 35.5% | 3.51B▲ 7.4% | 4.46B▲ 27.2% | 6.01B▲ 34.7% | 6.14B▲ 2.2% | 5.91B▲ 0% |
| NOI Margin % | 72.47% | 72.32% | 72.98% | 72.41% | 73.64% | 73.77% | 74.74% | 74.94% | 74.92% | 67.69% |
| Operating Expenses | 1.17B | -60.56M | 358.76M | 561.93M | 1.15B | 303.96M | 997.06M | 2.31B | 1.73B | 1.81B |
| G&A Expenses | 222.07M | 231.06M | 238.99M | 266.72M | 274.85M | 293.17M | 331.08M | 390.41M | 418.76M | 443.68M |
| EBITDA | 1.6B | 2.83B | 2.64B | 2.99B | 3.68B | 4.78B | 5.28B | 6.19B | 7B | 6.72B |
| EBITDA Margin % | 63.14% | 108.21% | 93.97% | 89.76% | 82.93% | 100.54% | 88.39% | 77.18% | 85.31% | 76.89% |
| Depreciation & Amortization | 930.99M | 879.14M | 947.21M | 1.14B | 1.56B | 1.58B | 1.81B | 2.48B | 2.58B | 2.61B |
| D&A / Revenue % | 36.75% | 33.58% | 33.78% | 34.22% | 35.19% | 33.15% | 30.35% | 30.97% | 31.46% | 29.91% |
| Operating Income | 668.38M▲ 0% | 1.95B▲ 192.4% | 1.69B▼ 13.6% | 1.85B▲ 9.6% | 2.12B▲ 14.6% | 3.21B▲ 51.3% | 3.47B▲ 8.1% | 3.71B▲ 6.9% | 4.42B▲ 19.1% | 4.1B▲ 0% |
| Operating Margin % | 26.39% | 74.63% | 60.19% | 55.54% | 47.74% | 67.38% | 58.05% | 46.21% | 53.84% | 46.98% |
| Interest Expense | 287.69M | 260.01M | 215.9M | 226.66M | 313.46M | 266.23M | 309.04M | 618.72M | 837.3M | 4M |
| Interest Coverage | 2.32x | 7.52x | 7.82x | 8.16x | 6.76x | 12.05x | 11.22x | 5.99x | 5.27x | - |
| Non-Operating Income | -966.41M | -121.54M | -414.19M | -153.26M | 71.95M | -365.95M | -515.17M | -375.11M | -536.25M | -475.92M |
| Pretax Income | 1.35B▲ 0% | 1.82B▲ 34.8% | 1.89B▲ 3.9% | 1.78B▼ 5.8% | 1.75B▼ 1.6% | 3.32B▲ 90.2% | 3.69B▲ 11.1% | 3.46B▼ 6.1% | 4.11B▲ 18.8% | 3.63B▲ 0% |
| Pretax Margin % | 53.18% | 69.35% | 67.26% | 53.33% | 39.36% | 69.82% | 61.78% | 43.18% | 50.17% | 41.58% |
| Income Tax | 54.56M | 54.61M | 63.33M | 74.52M | 130.46M | 174.26M | 135.41M | 211.04M | 166.94M | 208.19M |
| Effective Tax Rate % | 4.05% | 3.01% | 3.36% | 4.19% | 7.47% | 5.24% | 3.67% | 6.09% | 4.06% | 5.73% |
| Net Income | 1.21B▲ 0% | 1.65B▲ 36.6% | 1.65B▼ 0.2% | 1.57B▼ 4.6% | 1.48B▼ 5.8% | 2.94B▲ 98.4% | 3.36B▲ 14.5% | 3.06B▼ 9.1% | 3.73B▲ 22.0% | 3.21B▲ 0% |
| Net Margin % | 47.76% | 63.11% | 58.81% | 47.23% | 33.38% | 61.77% | 56.33% | 38.13% | 45.5% | 36.7% |
| Net Income Growth % | 39.16% | 36.56% | -0.18% | -4.63% | -5.79% | 98.39% | 14.46% | -9.08% | 21.98% | 4.01% |
| Funds From Operations (FFO) | 2.14B▲ 0% | 2.53B▲ 18.2% | 2.6B▲ 2.6% | 2.71B▲ 4.5% | 3.04B▲ 12.2% | 4.52B▲ 48.4% | 5.18B▲ 14.6% | 5.54B▲ 7.1% | 6.31B▲ 13.9% | 5.82B▲ 0% |
| FFO Margin % | 84.52% | 96.69% | 92.59% | 81.45% | 68.57% | 94.92% | 86.67% | 69.1% | 76.96% | 66.62% |
| FFO Growth % | 22.35% | 18.24% | 2.57% | 4.48% | 12.2% | 48.42% | 14.61% | 7.08% | 13.85% | 21.56% |
| FFO per Share | 3.92 | 4.58 | 4.40 | 4.03 | 3.93 | 5.75 | 6.20 | 5.82 | 6.62 | 6.09 |
| FFO Payout Ratio % | 41.73% | 37.25% | 43.26% | 49.6% | 56.61% | 41.46% | 48.18% | 58.23% | 56.57% | 63.83% |
| EPS (Diluted) | 2.27▲ 0% | 3.06▲ 34.8% | 2.79▼ 8.8% | 2.40▼ 14.0% | 1.95▼ 18.8% | 3.84▲ 96.9% | 4.13▲ 7.6% | 3.29▼ 20.3% | 4.01▲ 21.9% | 3.35▲ 0% |
| EPS Growth % | 38.41% | 34.8% | -8.82% | -13.98% | -18.75% | 96.92% | 7.55% | -20.34% | 21.88% | 3.95% |
| EPS (Basic) | 2.29 | 3.10 | 2.91 | 2.41 | 1.97 | 3.86 | 4.15 | 3.30 | 4.03 | - |
| Diluted Shares Outstanding | 546.67M | 552.3M | 590.24M | 673.45M | 775.15M | 785.71M | 834.84M | 951.79M | 953.59M | 956.6M |
Prologis, Inc. (PLD) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 30.25B | 29.48B | 38.42B | 40.03B | 56.07B | 58.49B | 87.9B | 93.02B | 95.33B | 98.34B |
| Asset Growth % | -3.65% | -2.54% | 30.31% | 4.2% | 40.05% | 4.32% | 50.29% | 5.83% | 2.48% | 12.37% |
| Real Estate & Other Assets | 24.11B | 22.53B | 30.79B | 30.72B | 44.93B | 46.76B | 74.47B | 79.78B | 81.14B | 86.25B |
| PP&E (Net) | 102.83M | 109.82M | 112.21M | 593.8M | 610.5M | 577.41M | 855.33M | 891.74M | 920.13M | 0 |
| Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Total Current Assets | 1.52B | 1.13B | 1.31B | 2.16B | 2.19B | 1.97B | 1.69B | 1.79B | 2.42B | 1.54B |
| Cash & Equivalents | 807.32M | 447.05M | 343.86M | 1.09B | 598.09M | 556.12M | 278.48M | 530.39M | 1.32B | 1.19B |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 |
| Other Current Assets | 322.14M | 342.06M | 622.29M | 720.68M | 1.07B | 669.69M | 531.26M | 461.66M | 248.51M | 358.85M |
| Intangible Assets | 267.91M | 202.09M | 450.69M | 314.18M | 726.82M | 552.52M | 1.18B | 1.01B | 764.55M | 0 |
| Total Liabilities | 11.79B | 10.78B | 12.62B | 13.96B | 19.74B | 20.74B | 30.03B | 35.2B | 36.71B | 41.13B |
| Total Debt | 10.61B | 9.41B | 11.09B | 12.38B | 17.34B | 18.16B | 24.51B | 29.6B | 31.49B | 35.3B |
| Net Debt | 9.8B | 8.97B | 10.75B | 11.29B | 16.74B | 17.61B | 24.24B | 29.07B | 30.18B | 34.12B |
| Long-Term Debt | 10.57B | 9.1B | 11.04B | 11.72B | 16.68B | 17.22B | 22.34B | 28.02B | 30.65B | 35.08B |
| Short-Term Borrowings | 35.02M | 317.39M | 50.5M | 184.25M | 171.79M | 491.39M | 1.54B | 979.31M | 224.97M | 224.92M |
| Capital Lease Obligations | 0 | 0 | 0 | 471.63M | 486.97M | 448.44M | 638.81M | 597.56M | 615.3M | 615.3M |
| Total Current Liabilities | 787.62M | 1.17B | 990.96M | 1.13B | 1.61B | 2.03B | 3.7B | 3.29B | 2.64B | 2.07B |
| Accounts Payable | 556.18M | 702.8M | 760.51M | 704.95M | 1.14B | 1.25B | 1.71B | 1.77B | 1.77B | 1.85B |
| Deferred Revenue | 111.86M | 87.15M | 96.17M | 118.12M | 167.97M | 186.37M | 329.78M | 377.06M | 475.29M | 0 |
| Other Liabilities | 319.04M | 418.54M | 490.33M | 523.67M | 798.68M | 1.04B | 3.36B | 3.29B | 2.8B | 3.98B |
| Total Equity | 18.46B▲ 0% | 18.71B▲ 1.3% | 25.8B▲ 37.9% | 26.07B▲ 1.0% | 36.32B▲ 39.3% | 37.74B▲ 3.9% | 57.86B▲ 53.3% | 57.82B▼ 0.1% | 58.62B▲ 1.4% | 57.21B▲ 0% |
| Equity Growth % | 0.2% | 1.34% | 37.93% | 1.05% | 39.33% | 3.9% | 53.31% | -0.07% | 1.37% | 0% |
| Shareholders Equity | 14.99B | 15.63B | 22.3B | 22.65B | 31.97B | 33.43B | 53.24B | 53.18B | 53.95B | 52.64B |
| Minority Interest | 3.47B | 3.07B | 3.5B | 3.42B | 4.35B | 4.32B | 4.63B | 4.64B | 4.67B | 4.58B |
| Common Stock | 5.29M | 5.32M | 6.3M | 6.32M | 7.39M | 7.4M | 9.23M | 9.24M | 9.26M | 9.29M |
| Additional Paid-in Capital | 19.46B | 19.36B | 25.69B | 25.72B | 35.49B | 35.56B | 54.07B | 54.25B | 54.46B | 54.66B |
| Retained Earnings | -3.61B | -2.9B | -2.38B | -2.15B | -2.39B | -1.33B | -457.69M | -627.07M | -465.91M | -1.36B |
| Preferred Stock | 78.23M | 68.95M | 68.95M | 68.95M | 63.95M | 63.95M | 63.95M | 63.95M | 63.95M | 63.95M |
| Return on Assets (ROA) | 3.93% | 5.53% | 4.86% | 4.01% | 3.08% | 5.13% | 4.6% | 3.38% | 3.96% | 3.26% |
| Return on Equity (ROE) | 6.56% | 8.89% | 7.41% | 6.06% | 4.75% | 7.94% | 7.04% | 5.29% | 6.41% | 5.61% |
| Debt / Assets | 35.07% | 31.93% | 28.87% | 30.92% | 30.92% | 31.06% | 27.89% | 31.82% | 33.04% | 35.9% |
| Debt / Equity | 0.57x | 0.50x | 0.43x | 0.47x | 0.48x | 0.48x | 0.42x | 0.51x | 0.54x | 0.54x |
| Net Debt / EBITDA | 6.13x | 3.16x | 4.08x | 3.78x | 4.55x | 3.68x | 4.59x | 4.69x | 4.31x | 4.31x |
| Book Value per Share | 33.76 | 33.87 | 43.71 | 38.71 | 46.86 | 48.04 | 69.31 | 60.75 | 61.47 | 59.81 |
Prologis, Inc. (PLD) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 1.42B | 1.69B | 1.8B | 2.26B | 2.94B | 3B | 4.13B | 5.37B | 4.91B | 4.91B |
| Operating CF Growth % | 47.08% | 19.07% | 6.89% | 25.53% | 29.72% | 2.01% | 37.73% | 30.21% | -8.58% | 49.46% |
| Operating CF / Revenue % | 55.94% | 64.44% | 64.31% | 67.98% | 66.17% | 62.95% | 69.08% | 66.97% | 59.89% | 56.22% |
| Net Income | 1.29B | 1.76B | 1.82B | 1.7B | 1.62B | 3.15B | 3.56B | 3.06B | 3.95B | 3.21B |
| Depreciation & Amortization | 930.99M | 879.14M | 947.21M | 1.14B | 1.56B | 1.58B | 1.81B | 2.48B | 2.58B | 2.61B |
| Stock-Based Compensation | 60.34M | 76.64M | 76.09M | 97.56M | 109.83M | 113.03M | 175.36M | 267.65M | 231.75M | 209.1M |
| Other Non-Cash Items | -796.34M | -1.07B | -961.44M | -706.08M | -333.32M | -1.68B | -1.4B | -526.48M | -1.74B | -1.03B |
| Working Capital Changes | -65M | 42.76M | -82.72M | 18.61M | -18.84M | -165.88M | -26.22M | 70.07M | -126.53M | -46M |
| Cash from Investing | 1.25B | 543.28M | -663.8M | -685.35M | -3.07B | -1.99B | -4.5B | -6.42B | -3.1B | -3.34B |
| Acquisitions (Net) | 510.6M | -415.19M | 199.92M | 113.29M | -1.82B | -739.83M | -365.37M | 64.09M | 71.44M | 0 |
| Purchase of Investments | 101.68M | -5.06M | -11.7M | -30.42M | -9.03M | -16.51M | -3.46M | -2.23M | -3M | -2.71B |
| Sale of Investments | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 3M |
| Other Investing | 661.67M | 1.07B | 34.26M | -469.56M | 4.31M | -738.03M | -3.64B | -6.52B | -3.18B | -280.22M |
| Cash from Financing | -2.13B | -2.61B | -1.23B | -839.6M | -372.16M | -1.01B | 115.79M | 1.32B | -999.96M | -1.44B |
| Dividends Paid | -893.46M | -942.88M | -1.12B | -1.35B | -1.72B | -1.87B | -2.49B | -3.23B | -3.57B | -3.72B |
| Common Dividends | -893.46M | -942.88M | -1.12B | -1.35B | -1.72B | -1.87B | -2.49B | -3.23B | -3.57B | -3.72B |
| Debt Issuance (Net) | -1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 2M |
| Share Repurchases | 0 | -13.18M | 0 | 0 | -34.83M | 0 | -27.69M | -24.54M | -30.53M | -18.76M |
| Other Financing | -373.16M | -807.54M | -174.66M | -302.72M | 359.39M | -497.06M | -391.45M | -342.41M | -255.22M | -245.05M |
| Net Change in Cash | 543.24M▲ 0% | -360.27M▼ 166.3% | -103.19M▲ 71.4% | 745M▲ 822.0% | -490.77M▼ 165.9% | -41.97M▲ 91.4% | -277.63M▼ 561.5% | 251.91M▲ 190.7% | 788.2M▲ 212.9% | 405.15M▲ 0% |
| Exchange Rate Effect | -342K | 1000K | -1000K | 1000K | 1000K | -1000K | -1000K | -1000K | -1000K | 0 |
| Cash at Beginning | 264.08M | 807.32M | 447.05M | 343.86M | 1.09B | 598.09M | 556.12M | 278.48M | 530.39M | 1.07B |
| Cash at End | 807.32M | 447.05M | 343.86M | 1.09B | 598.09M | 556.12M | 278.48M | 530.39M | 1.32B | 1.19B |
| Free Cash Flow | 1.32B▲ 0% | 1.58B▲ 19.9% | 887.86M▼ 43.7% | 1.94B▲ 118.7% | 1.69B▼ 13.0% | 2.5B▲ 47.9% | 3.58B▲ 43.2% | 5.37B▲ 50.3% | 4.91B▼ 8.6% | 5.19B▲ 0% |
| FCF Growth % | 49.46% | 19.86% | -43.69% | 118.7% | -13.03% | 47.87% | 43.2% | 50.26% | -8.58% | 28.2% |
| FCF / Revenue % | 51.92% | 60.22% | 31.66% | 58.3% | 38.04% | 52.47% | 59.86% | 66.97% | 59.89% | 59.35% |
Prologis, Inc. (PLD) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| FFO per Share | 3.92 | 4.58 | 4.4 | 4.03 | 3.93 | 5.75 | 6.2 | 5.82 | 6.62 | 6.09 |
| FFO Payout Ratio | 41.73% | 37.25% | 43.26% | 49.6% | 56.61% | 41.46% | 48.18% | 58.23% | 56.57% | 63.83% |
| NOI Margin | 72.47% | 72.32% | 72.98% | 72.41% | 73.64% | 73.77% | 74.74% | 74.94% | 74.92% | 67.69% |
| Net Debt / EBITDA | 6.13x | 3.16x | 4.08x | 3.78x | 4.55x | 3.68x | 4.59x | 4.69x | 4.31x | 4.31x |
| Debt / Assets | 35.07% | 31.93% | 28.87% | 30.92% | 30.92% | 31.06% | 27.89% | 31.82% | 33.04% | 35.9% |
| Interest Coverage | 2.32x | 7.52x | 7.82x | 8.16x | 6.76x | 12.05x | 11.22x | 5.99x | 5.27x | - |
| Book Value / Share | 33.76 | 33.87 | 43.71 | 38.71 | 46.86 | 48.04 | 69.31 | 60.75 | 61.47 | 59.81 |
| Revenue Growth | 15.3% | 3.36% | 7.12% | 18.76% | 33.27% | 7.23% | 25.51% | 34.31% | 2.22% | 10.75% |
Prologis, Inc. (PLD) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 16, 2026·SEC
Mar 31, 2026·SEC
Jan 21, 2026·SEC
Prologis, Inc. (PLD) stock FAQ — growth, dividends, profitability & financials explained
Prologis, Inc. (PLD) reported $8.74B in revenue for fiscal year 2024. This represents a 15486% increase from $56.1M in 1997.
Prologis, Inc. (PLD) grew revenue by 2.2% over the past year. Growth has been modest.
Yes, Prologis, Inc. (PLD) is profitable, generating $3.21B in net income for fiscal year 2024 (45.5% net margin).
Yes, Prologis, Inc. (PLD) pays a dividend with a yield of 2.67%. This makes it attractive for income-focused investors.
Prologis, Inc. (PLD) has a return on equity (ROE) of 6.4%. This is below average, suggesting room for improvement.
Prologis, Inc. (PLD) generated Funds From Operations (FFO) of $5.82B in the trailing twelve months. FFO is the primary profitability metric for REITs.
Prologis, Inc. (PLD) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates