PLD Stock - Prologis, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $8.20B | $8.02B | $5.97B | $4.76B | $4.44B |
| Gross Profit | $6.14B | $6.01B | $4.46B | $3.51B | $3.27B |
| Gross Margin | 74.9% | 74.9% | 74.7% | 73.8% | 73.6% |
| Operating Income | $4.42B | $3.71B | $3.47B | $3.21B | $2.12B |
| Net Income | $3.73B | $3.06B | $3.36B | $2.94B | $1.48B |
| Net Margin | 45.5% | 38.1% | 56.3% | 61.8% | 33.4% |
| EPS | $4.03 | $3.30 | $4.15 | $3.86 | $1.97 |
Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2020, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 984 million square feet (91 million square meters) in 19 countries. Prologis leases modern logistics facilities to a diverse base of approximately 5,500 customers principally across two major categories: business-to-business and retail/online fulfillment.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 20th 2025 | BMO Capital Markets | Upgrade | Market Perform | $119 |
| September 16th 2025 | BofA Securities | Upgrade | Buy | $130 |
| August 27th 2025 | Scotiabank | Upgrade | Sector Perform | $114 |
| August 19th 2025 | Mizuho | Upgrade | Outperform | $118 |
| April 21st 2025 | Wolfe Research | Downgrade | Peer Perform | - |
| April 7th 2025 | Scotiabank | Downgrade | Sector Underperform | $97 |
| February 3rd 2025 | Raymond James | Downgrade | Market Perform | - |
| January 6th 2025 | Robert W. Baird | Upgrade | Outperform | $123← $124 |
| December 11th 2024 | Raymond James | Downgrade | Outperform | $125← $130 |
| December 6th 2024 | BMO Capital Markets | Downgrade | Underperform | $104← $120 |
| October 21st 2024 | Goldman | Downgrade | Neutral | $132← $142 |
| August 12th 2024 | BofA Securities | Downgrade | Neutral | $128 |
| August 5th 2024 | RBC Capital Mkts | Downgrade | Sector Perform | $127← $124 |
| April 22nd 2024 | BMO Capital Markets | Downgrade | Market Perform | $112← $145 |
| March 18th 2024 | Evercore ISI | Downgrade | In-line | $136 |
Earnings History & Surprises
PLDEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 14, 2026 | — | — | — | — |
Q1 2026 | Jan 21, 2026 | $1.44 | — | — | — |
Q4 2025 | Oct 15, 2025 | $1.44 | $1.49 | +3.5% | ✓ BEAT |
Q3 2025 | Jul 16, 2025 | $1.41 | $1.46 | +3.5% | ✓ BEAT |
Q2 2025 | Apr 16, 2025 | $1.38 | $1.42 | +2.9% | ✓ BEAT |
Q1 2025 | Jan 21, 2025 | $1.38 | $1.50 | +8.7% | ✓ BEAT |
Q4 2024 | Oct 16, 2024 | $0.63 | $1.08 | +71.4% | ✓ BEAT |
Q3 2024 | Jul 17, 2024 | $1.33 | $1.34 | +0.8% | ✓ BEAT |
Q2 2024 | Apr 17, 2024 | $1.28 | $1.28 | 0.0% | = MET |
Q1 2024 | Jan 17, 2024 | $1.26 | $1.26 | 0.0% | = MET |
Q4 2023 | Oct 17, 2023 | $1.26 | $1.30 | +3.2% | ✓ BEAT |
Q3 2023 | Jul 18, 2023 | $1.00 | $1.31 | +31.0% | ✓ BEAT |
Q2 2023 | Apr 18, 2023 | $1.21 | $1.22 | +0.8% | ✓ BEAT |
Q1 2023 | Jan 18, 2023 | $1.21 | $1.24 | +2.5% | ✓ BEAT |
Q4 2022 | Oct 19, 2022 | $1.22 | $1.36 | +11.5% | ✓ BEAT |
Q3 2022 | Jul 18, 2022 | $0.62 | $0.82 | +32.3% | ✓ BEAT |
Q2 2022 | Apr 19, 2022 | $1.08 | $1.09 | +0.9% | ✓ BEAT |
Q1 2022 | Jan 19, 2022 | $1.10 | $1.12 | +1.8% | ✓ BEAT |
Q4 2021 | Oct 15, 2021 | $0.52 | $0.97 | +86.5% | ✓ BEAT |
Q3 2021 | Jul 19, 2021 | $0.44 | $0.81 | +84.1% | ✓ BEAT |
Latest News
Mizuho Maintains Outperform on Prologis, Raises Price Target to $138
📈 PositiveCNBC Halftime Report Final Trades: CrowdStrike, Amazon, Prologis, Global X Cybersecurity ETF
➖ NeutralScotiabank Maintains Sector Perform on Prologis, Raises Price Target to $133
📈 PositiveWells Fargo Maintains Overweight on Prologis, Raises Price Target to $139
📈 PositiveTruist Securities Reiterates Buy on Prologis, Raises Price Target to $131
📈 PositiveBMO Capital Upgrades Prologis to Market Perform, Announces $119 Price Target
➖ NeutralEvercore ISI Group Maintains In-Line on Prologis, Raises Price Target to $116
📈 PositivePrologis CEO Says We're In Conversations On Nearly 30 Million Square Feet Of New Deals
📈 PositivePrologis shares are trading higher after the company reported better-than-expected Q3 FFO results and raised its FY25 FFO guidance above estimates.
📈 PositivePrologis Raises FY2025 FFO Guidance from $5.75-$5.80 to $5.78-$5.81 vs $5.77 Est
📈 PositivePrologis Q3 FFO $1.49 Beats $1.44 Estimate, Sales $2.064B Miss $2.163B Estimate
➖ NeutralB of A Securities Upgrades Prologis to Buy, Raises Price Target to $130
📈 PositiveEvercore ISI Group Maintains In-Line on Prologis, Raises Price Target to $113
📈 PositiveBarclays Maintains Overweight on Prologis, Lowers Price Target to $118
➖ NeutralScotiabank Upgrades Prologis to Sector Perform, Raises Price Target to $114
📈 PositivePrologis shares are trading higher after Mizuho upgraded the stock from Neutral to Outperform and raised its price target from $109 to $118.
📈 PositiveMizuho Upgrades Prologis to Outperform, Raises Price Target to $118
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