Superworth

Prologis PLD

REIT - Industrial, Real Estate
$126.45
−0.17%
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 for PLD, by quarter
Income statementQ4 FY23Q1 FY24Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 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: .

QuarterRevenueRangeEPSRangeAnalysts
Q4 FY26$2.2B$2.2B to $2.2B$0.76$0.75 to $0.772
Q1 FY27$2.3B$2.2B to $2.3B$0.79$0.77 to $0.792
Q2 FY27$2.4B$2.4B to $2.5B$0.88$0.86 to $0.891
Q3 FY27$2.5B$2.4B to $2.5B$0.86$0.85 to $0.871
Q4 FY27$2.5B$2.5B to $2.5B$0.87$0.86 to $0.881
Q1 FY28$2.4B$2.4B to $2.5B$0.79$0.78 to $0.801
Q2 FY28$2.5B$2.4B to $2.5B$0.81$0.80 to $0.821
Q3 FY28$2.5B$2.5B to $2.5B$0.83$0.82 to $0.841

Peers

Companies in Real Estate nearest Prologis' size, closest first.

CompanyMarket capPEIts 10y median PEFwd PEP/SRevenue growthNet margin
PLDPrologis$118B27.9×31.5×37.9×12.6×+7%45.5%
EQIXEquinix$94.2B61.5×97.9×55.2×9.6×+10%15.6%
AMTAmerican Tower$88.1B26.0×55.9×27.9×8.0×+7%31.1%
WELLWelltower$171B109×62.4×86.0×13.4×+38%12.1%
SPGSimon Property$68.5B14.9×21.5×30.5×n/mn/mn/m
DLRDigital Realty Trust$63.8B83.3×69.1×75.9×9.4×+17%11.8%
PSAPublic Storage$54.4B29.6×29.6×31.8×11.1×+3%41.8%
ORealty Income$53.8B41.5×51.5×35.4×8.9×+11%20.9%
VMRKVivmark Residential$47.3B55.3×57.3×n/m15.1×+3%28.0%
VTRVentas$44.5B161×51.7×120×6.9×+21%4.1%
CCICrown Castle$36.6B43.6×78.2×32.2×8.8×−5%20.7%
Peer median$59.1B49.5×56.6×35.4×9.4×+10%20.7%

Investors who own it

Investors we follow who held Prologis at the end of Jun 30, 2026, from their 13F filings.

More on Prologis

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About

Industry
REIT - Industrial
Sector
Real Estate

Valuation data, not investment advice. Prices as of .