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Prologis, Inc. logo

Prologis, Inc.

PLD

NYSEReal EstateREIT - Industrial

Open in GoAI

Previous close

$141.8

+$1.115 · +0.79%

Aug 21, 4:00 PM ET

Pre-market

$142.41

+$0.61 · +0.43%

Aug 24, 4:41 AM ET

PLD company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

62

Undervalued

Momentum

51

Neutral

Sentiment

67

Bullish

Risk resilience

75

Moderate Risk

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Company profile

Company website

Prologis, Inc. is the undisputed global leader in logistics real estate, strategically focusing its operations on high-barrier, high-growth markets. As of December 31, 2020, the company's extensive portfolio spanned approximately 984 million square feet (91 million square meters) of both existing properties and planned development projects, located across 19 countries. This significant footprint is managed through a blend of wholly-owned assets and co-investment ventures. Prologis leases its contemporary logistics facilities to a diverse client base of roughly 5,500 customers, primarily serving business-to-business (B2B) and retail/online fulfillment needs.

Industry
REIT - Industrial
Sector
Real Estate
Headquarters
US
CEO
Daniel Stephen Letter
Listed since
Nov 21, 1997
Employees
2,802

Market position

Day range

Current $141.8

52-week range

Current $141.8

Open
$141.6
Previous close
$140.69
Volume
2.27M
0.56× average
Average volume
4.04M
Average daily volume
Market cap
132.31B USD
Beta
1.32
Market reference 1
50-day average
$142.85
-0.73% below average
200-day average
$136.52
+3.87% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
153.69B USD
P/E (TTM)
31.51×
P/B (TTM)
2.46×
P/S (TTM)
14.4×
EV / EBITDA
21.35×
Earnings yield
2.85%
Free cash flow yield
4.18%
Dividend yield
2.93%

Profitability & efficiency

Gross margin
29.05%
Operating margin
38.43%
Net margin
45.79%
Return on equity
6.41%
Return on assets
3.45%
Return on invested capital
3.60%

Financial health

Debt / equity
0.68×
Current ratio
0.23×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends79%64%49%34%Gross margin, FY2021: 73.77%Gross margin, FY2022: 74.74%Gross margin, FY2023: 74.94%Gross margin, FY2024: 74.92%Gross margin, FY2025: 59.60%Operating margin, FY2021: 67.38%Operating margin, FY2022: 58.05%Operating margin, FY2023: 46.21%Operating margin, FY2024: 53.84%Operating margin, FY2025: 40.23%Net margin, FY2021: 61.77%Net margin, FY2022: 56.33%Net margin, FY2023: 38.13%Net margin, FY2024: 45.50%Net margin, FY2025: 38.80%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 73.77%. Gross margin FY2022 74.74%. Gross margin FY2023 74.94%. Gross margin FY2024 74.92%. Gross margin FY2025 59.60%. Operating margin FY2021 67.38%. Operating margin FY2022 58.05%. Operating margin FY2023 46.21%. Operating margin FY2024 53.84%. Operating margin FY2025 40.23%. Net margin FY2021 61.77%. Net margin FY2022 56.33%. Net margin FY2023 38.13%. Net margin FY2024 45.50%. Net margin FY2025 38.80%.

Income trends

Revenue

8.79B USD+7.18%

Operating income

3.54B USD-19.92%

Net income

3.41B USD-8.60%
Income trends across reported periods9.38B USD7.04B USD4.69B USD2.35B USDRevenue, FY2021: 4.76B USDRevenue, FY2022: 5.97B USDRevenue, FY2023: 8.02B USDRevenue, FY2024: 8.2B USDRevenue, FY2025: 8.79B USDOperating income, FY2021: 3.21B USDOperating income, FY2022: 3.47B USDOperating income, FY2023: 3.71B USDOperating income, FY2024: 4.42B USDOperating income, FY2025: 3.54B USDNet income, FY2021: 2.94B USDNet income, FY2022: 3.36B USDNet income, FY2023: 3.06B USDNet income, FY2024: 3.73B USDNet income, FY2025: 3.41B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 4.76B USD. Revenue FY2022 5.97B USD. Revenue FY2023 8.02B USD. Revenue FY2024 8.2B USD. Revenue FY2025 8.79B USD. Operating income FY2021 3.21B USD. Operating income FY2022 3.47B USD. Operating income FY2023 3.71B USD. Operating income FY2024 4.42B USD. Operating income FY2025 3.54B USD. Net income FY2021 2.94B USD. Net income FY2022 3.36B USD. Net income FY2023 3.06B USD. Net income FY2024 3.73B USD. Net income FY2025 3.41B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue8.79B USD8.2B USD8.02B USD5.97B USD4.76B USD
Cost of goods sold3.55B USD2.06B USD2.01B USD1.51B USD1.25B USD
Gross profit5.24B USD6.14B USD6.01B USD4.46B USD3.51B USD
Selling, general, and administrative477.84M USD418.77M USD390.41M USD331.08M USD293.17M USD
Operating expenses1.7B USD1.73B USD2.31B USD997.06M USD303.96M USD
Interest income—−26.64M USD−22.61M USD——
Interest expense1B USD837.3M USD618.72M USD309.04M USD266.23M USD
Depreciation and amortization2.63B USD2.58B USD2.48B USD1.81B USD1.58B USD
Operating income3.54B USD4.42B USD3.71B USD3.47B USD3.21B USD
Net income3.41B USD3.73B USD3.06B USD3.36B USD2.94B USD

Company facts updated Aug 24, 2026.

ETFs holding PLD

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Real Estate ETF logoVanguard Real Estate ETFVNQ
Market value
5.13B
Weight
6.97%
AUM
73.1B USD
Expense ratio
0.13%
Price / 1D
$98.50-0.10%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
4.29B
Weight
0.19%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard S&P 500 ETF logoVanguard S&P 500 ETFVOO
Market value
3.54B
Weight
0.21%
AUM
1.7T USD
Expense ratio
0.03%
Price / 1D
$703.71+0.39%
iShares Core S&P 500 ETF logoiShares Core S&P 500 ETFIVV
Market value
1.8B
Weight
0.20%
AUM
891.84B USD
Expense ratio
0.03%
Price / 1D
$769.31+0.39%
State Street SPDR S&P 500 ETF logoState Street SPDR S&P 500 ETFSPY
Market value
1.66B
Weight
0.20%
AUM
817.87B USD
Expense ratio
0.09%
Price / 1D
$765.72+0.41%
Vanguard Morningstar Value ETF logoVanguard Morningstar Value ETFVTV
Market value
1.28B
Weight
0.50%
AUM
256.5B USD
Expense ratio
0.03%
Price / 1D
$226.4+0.54%
Schwab U.S. REIT ETF logoSchwab U.S. REIT ETFSCHH
Market value
995.39M
Weight
8.74%
AUM
11.39B USD
Expense ratio
0.07%
Price / 1D
$24.04-0.08%
State Street Real Estate Select Sector SPDR ETF logoState Street Real Estate Select Sector SPDR ETFXLRE
Market value
759.04M
Weight
8.94%
AUM
8.49B USD
Expense ratio
0.08%
Price / 1D
$45.080.00%

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