Prologis PLD
- Market cap
- $118B
- PE
- 27.9×
- 10y median 31.5×
- Forward PE
- 37.9×
- 10y median 45.0×
- Price to FFO
- 18.6×
- its own FFO
- Price to sales
- 12.6×
- EV/EBIT
- 31.2×
- Revenue, 12 months
- $9.4B
- +7% on a year ago
- Net margin
- 45.5%
Prologis trades at 18.6× its funds from operations, the earnings measure REITs are valued on. Revenue was $9.4B over the last twelve months, up 7% on a year earlier with a 46% net margin.
Charts
Financials
| Income statement | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $1.9B+8% | $2B+11% | $2B−18% | $2B+6% | $2.2B+17% | $2.1B+9% | $2.2B+9% | $2.2B+9% | $2.3B+2% | $2.3B+7% | $2.4B+11% | $2.4B+8% | |
| SG&A | $98.3M+15% | $111.3M+12% | $106.6M+11% | $98.2M+2% | $102.7M+5% | $114.7M+3% | $106.9M+0% | $110.7M+13% | $136.9M+33% | $126.9M+11% | $129.6M+21% | $127.6M+15% |
| $834.9M+3% | $720.4M+24% | $1B−28% | $1.3B+42% | $1.4B+70% | $878.4M+22% | $912.7M−11% | $940.3M−25% | $1.6B+14% | $1.2B+38% | $1.3B+37% | $1B+11% | |
| Interest expense | $174.4M+44% | $193.3M+42% | $208.3M+39% | $230.1M+27% | $232.2M+33% | $231.8M+20% | $251.9M+21% | $258.3M+12% | $260.5M+12% | $254.3M+10% | $276.3M+10% | n/a |
| Pre-tax income | $734.4M+15% | $663.6M+25% | $954.6M−30% | $1.1B+27% | $1.4B+95% | $682.9M+3% | $645.7M−32% | $875.8M−18% | $1.6B+10% | $1.1B+60% | $1.2B+91% | $977.9M+12% |
| $58.5M+231% | $32.8M+2% | $43.1M−46% | $4.2M−90% | $86.9M+49% | $43.4M+32% | $23.4M−46% | $54.5M+1194% | $82.7M−5% | $48M+11% | $108.2M+362% | $98M+80% | |
| Net income | $630.9M+7% | $585.7M+26% | $861.3M−29% | $1B+35% | $1.3B+103% | $593M+1% | $571.2M−34% | $764.3M−24% | $1.4B+10% | $982M+66% | $1.1B+86% | $817.1M+7% |
| $0.68+8% | $0.63+26% | $0.92−30% | $1.08+35% | $1.37+102% | $0.63+0% | $0.61−34% | $0.82−24% | $1.49+9% | $1.05+67% | $1.13+85% | $0.86+5% | |
| 952.2M+1% | 953.9M+0% | 953.2M+0% | 953.8M+0% | 953.8M+0% | 956.1M+0% | 955.9M+0% | 956.6M+0% | 959.8M+1% | 957.6M+0% | 957.9M+0% | 968.5M+1% |
EPS, diluted: Q4 FY10: quarter's net income to common over its shares, to the cent.
Diluted shares: 3 periods, Q4 FY10 to Q4 FY12: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days. 13 periods, Q4 FY13 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet. Figures from older filings without data tags, and from a results release before its 10-Q, are read from the document's text and checked against it.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q4 FY26 | $2.2B | $2.2B to $2.2B | $0.76 | $0.75 to $0.77 | 2 |
| Q1 FY27 | $2.3B | $2.2B to $2.3B | $0.79 | $0.77 to $0.79 | 2 |
| Q2 FY27 | $2.4B | $2.4B to $2.5B | $0.88 | $0.86 to $0.89 | 1 |
| Q3 FY27 | $2.5B | $2.4B to $2.5B | $0.86 | $0.85 to $0.87 | 1 |
| Q4 FY27 | $2.5B | $2.5B to $2.5B | $0.87 | $0.86 to $0.88 | 1 |
| Q1 FY28 | $2.4B | $2.4B to $2.5B | $0.79 | $0.78 to $0.80 | 1 |
| Q2 FY28 | $2.5B | $2.4B to $2.5B | $0.81 | $0.80 to $0.82 | 1 |
| Q3 FY28 | $2.5B | $2.5B to $2.5B | $0.83 | $0.82 to $0.84 | 1 |
Peers
Companies in Real Estate nearest Prologis' size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| PLDPrologis | $118B | 27.9× | 31.5× | 37.9× | 12.6× | +7% | 45.5% |
| EQIXEquinix | $94.2B | 61.5× | 97.9× | 55.2× | 9.6× | +10% | 15.6% |
| AMTAmerican Tower | $88.1B | 26.0× | 55.9× | 27.9× | 8.0× | +7% | 31.1% |
| WELLWelltower | $171B | 109× | 62.4× | 86.0× | 13.4× | +38% | 12.1% |
| SPGSimon Property | $68.5B | 14.9× | 21.5× | 30.5× | n/m | n/m | n/m |
| DLRDigital Realty Trust | $63.8B | 83.3× | 69.1× | 75.9× | 9.4× | +17% | 11.8% |
| PSAPublic Storage | $54.4B | 29.6× | 29.6× | 31.8× | 11.1× | +3% | 41.8% |
| ORealty Income | $53.8B | 41.5× | 51.5× | 35.4× | 8.9× | +11% | 20.9% |
| VMRKVivmark Residential | $47.3B | 55.3× | 57.3× | n/m | 15.1× | +3% | 28.0% |
| VTRVentas | $44.5B | 161× | 51.7× | 120× | 6.9× | +21% | 4.1% |
| CCICrown Castle | $36.6B | 43.6× | 78.2× | 32.2× | 8.8× | −5% | 20.7% |
| Peer median | $59.1B | 49.5× | 56.6× | 35.4× | 9.4× | +10% | 20.7% |
Investors who own it
Investors we follow who held Prologis at the end of Jun 30, 2026, from their 13F filings.
- Ron BaronBaron Capital0.2% of portfoliotrimmed
- Baillie GiffordBaillie Gifford0.0% of portfoliotrimmed
More on Prologis
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to book ratio
- Dividend yield
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #8of 13Real estate stocks with the highest dividend yields
- #9of 14Real estate stocks with the lowest forward PE
Its groups
About
- Industry
- REIT - Industrial
- Sector
- Real Estate
Valuation data, not investment advice. Prices as of .