PLD Prologis

XNYS Down Alert

Real Estate

· How we analyze

About the company

Prologis is a real estate company (REIT) that owns and leases logistics properties, mainly warehouses and distribution centers. Tenants are retailers, online sellers and logistics companies. The buildings are located in North and South America, Europe and Asia. As of Oct 11, 2026

Fact sheet (from the annual report) Real estate investment trusts (REITs) · San Francisco, USA

The company owns, manages and develops logistics real estate located in key commerce hubs close to end consumers. Customers pay rent under leases whose rents rise at fixed rates or in line with inflation. Its customers include international, national, regional and local logistics users from various industries. Through co-investment ventures with institutional investors, it also earns revenue, mainly from asset and property management. Prologis is a self-administered REIT headquartered in San Francisco and also selectively develops data centers.

Automatically summarized from SEC annual report (10-K, filed Feb 13, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 15, 2026

Price performance at a glance

Last 30 trading days
  • Today +0.1%
  • 7 days −0.8%
  • 30 days −5.0%
  • 1 year −0.5%
Day range (last trading day)
−0.4%Price at 45% of the range+0.5%
52-week range
−4.0%Price at 16% of the range+21.3%
Distance from the all-time high
−27.5%

Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.

52-week-high breakout · Analysis method

This method currently detects no pattern for PLD. The check runs daily after the close.

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What does the pattern show?

What is this? The price closes above the highest high of the last 52 weeks for the first time, on clearly higher volume. New 52-week highs are seen as a sign of strength.

This is a calculated analysis, not a forecast and not a call to buy. Risk notice and investment advice

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Symbol on TradingView: NYSE:PLD

Fundamental analysis

Prologis · Sector Real Estate · amounts in USD

Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Feb 13, 2026.

Quality checks

Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.

Fiscal year to Dec 31, 2025

Quality Profitability, consistency, balance sheet · 3 without data 4 of 5 criteria met Growth Revenue and earnings per share · 1 without data 5 of 6 criteria met Dividend Level, consistency, coverage · 4 without data 2 of 3 criteria met Financial strength Piotroski, debt, liquidity · 3 without data 2 of 3 criteria met

Quality 4 of 5 met · 3 without data

  • no data: Gross margin above 40% not stated in the SEC filings
  • met: Operating margin above 15% 49.6%
  • met: Net margin above 10% 37.9%
  • not met: Return on equity above 15% 6.3%
  • no data: Free cash flow margin above 10% not stated in the SEC filings
  • met: Profit in each of the last 5 fiscal years 5 of 5
  • no data: Free cash flow positive in each of the last 3 fiscal years not stated in the SEC filings
  • met: Equity ratio above 30% 53.9%
Operating margin

49.6% Fiscal year 2025

No rank: too few peers or not computed yet.

Operating income divided by revenue: what the core business earns before interest and taxes.

Net margin

37.9% Fiscal year 2025

No rank: too few peers or not computed yet.

Profit after all costs, interest and taxes divided by revenue.

Return on equity

6.3% Fiscal year 2025

No rank: too few peers or not computed yet.

Net income divided by equity at fiscal year end.

Return on assets

3.4% Fiscal year 2025 (total assets at year end)

No rank: too few peers or not computed yet.

Net income divided by total assets at fiscal year end.

Equity ratio

53.9% Fiscal year 2025

No rank: too few peers or not computed yet.

Equity as a share of total assets. Usually low for banks.

Growth 5 of 6 met · 1 without data

  • met: Over 3 years, revenue grew by more than 5% per year +13.7%
  • met: Over 5 years, revenue grew by more than 5% per year +14.6%
  • no data: Over 10 years, revenue grew by more than 5% per year no comparable figures over 10 years
  • not met: Over 3 years, EPS grew by more than 5% per year −5.7%
  • met: Over 5 years, EPS grew by more than 5% per year +12.1%
  • met: Revenue rose in at least 4 of the last 5 fiscal years 5 of 5
  • met: Revenue rose in the last fiscal year +7.2%
Revenue growth 3 years

+13.7% per year

No rank: too few peers or not computed yet.

Average growth per year over 3 fiscal years.

Revenue growth 5 years

+14.6% per year

No rank: too few peers or not computed yet.

Average growth per year over 5 fiscal years.

EPS growth 3 years

−5.7% per year

No rank: too few peers or not computed yet.

Growth of earnings per share per year, adjusted for stock splits.

EPS growth 5 years

+12.1% per year

No rank: too few peers or not computed yet.

Growth of earnings per share per year, adjusted for stock splits.

EPS growth 10 years

+8.1% per year

No rank: too few peers or not computed yet.

Growth of earnings per share per year, adjusted for stock splits.

Dividend 2 of 3 met · 4 without data

  • met: Pays a dividend 0.03 USD
  • met: Payout ratio at most 60% of earnings 1%
  • not met: Dividend paid in each of the last 5 fiscal years 3 of 5
  • no data: Dividend per share never lowered in the last 5 fiscal years not reported as an annual figure for each of the last 5 fiscal years
  • no data: Dividend per share higher than 5 years ago no comparable dividend 5 years ago
  • no data: Free cash flow per share covers the dividend not meaningful for banks and insurers
  • no data: Dividends paid over the last 5 years covered by free cash flow not meaningful for banks and insurers
Payout ratio

1% Fiscal year 2025

Dividend per share divided by earnings per share.

Financial strength 2 of 3 met · 3 without data

  • no data: Piotroski F-Score at least 7 of 9 not meaningful for banks and insurers
  • met: Long-term debt no higher than equity 0.66
  • no data: Current assets cover current liabilities not reported (usual for banks and insurers)
  • met: Positive equity 53.2B USD
  • not met: In 5 years, share count up by at most 5% +26.8%
  • no data: Free cash flow positive in the last fiscal year capital expenditure or operating cash flow not reported
Debt / equity

0.66 at fiscal year end

No rank: too few peers or not computed yet.

Long-term financial debt divided by equity.

Change in share count

+26.8% in 5 years

No rank: too few peers or not computed yet.

Change in diluted share count. Negative = share buybacks, positive = new shares.

Price-based criteria (P/E, dividend yield) are shown to signed-in users.

Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock.

In short

  • Light green: Revenue grew over 5 years (+14.6% per year), at least as fast as the sector median.
  • Light green: Net income (total) grew over 5 years (+17.6% per year), at least as fast as the sector median; per share +12.1% per year.
  • Light green: Net margin 37.9%, above the sector median (20.8%).
  • Light green: Debt not higher than usual in the sector.
  • Light green: Profit in each of the last 10 fiscal years.

Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.

RevenueNet income Net margin (below) in USD
  1. Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue 2.5B USD · Net income 1.2B USD · Net margin 47.8%
  2. Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 2.6B USD · Net income 1.7B USD · Net margin 63.1%
  3. Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 2.8B USD · Net income 1.6B USD · Net margin 58.8%
  4. Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 3.3B USD · Net income 1.6B USD · Net margin 47.2%
  5. Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 4.4B USD · Net income 1.5B USD · Net margin 33.4%
  6. Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 4.8B USD · Net income 2.9B USD · Net margin 61.8%
  7. Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 6.0B USD · Net income 3.4B USD · Net margin 56.3%
  8. Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 8.0B USD · Net income 3.1B USD · Net margin 38.1%
  9. Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 8.2B USD · Net income 3.7B USD · Net margin 45.5%
  10. Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 8.8B USD · Net income 3.3B USD · Net margin 37.9%

Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 8.8B USD · Net income 3.3B USD · Net margin 37.9%

Figures over time

Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.

Money flow in fiscal year 2025

Of 100 USD of revenue, 49.6 USD operating income and 37.9 USD net income remained.

Money flow as a table
Fiscal year 2025, amounts in USD, share of revenue
ItemAmountof revenue
Revenue8.8B USD100.0%
Operating income4.4B USD49.6%
Cost of revenue and operating expenses4.4B USD50.4%
Net income3.3B USD37.9%
Taxes, interest & other1.0B USD11.7%

Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.

Margins

The operating margin rose in 5 years from 47.7% to 49.6%.

Operating marginNet margin
  1. Fiscal year 2016: Operating margin 26.4% · Net margin 47.8%
  2. Fiscal year 2017: Operating margin 29.5% · Net margin 63.1%
  3. Fiscal year 2018: Operating margin 30.2% · Net margin 58.8%
  4. Fiscal year 2019: Operating margin 55.5% · Net margin 47.2%
  5. Fiscal year 2020: Operating margin 47.7% · Net margin 33.4%
  6. Fiscal year 2021: Operating margin 67.4% · Net margin 61.8%
  7. Fiscal year 2022: Operating margin 58.0% · Net margin 56.3%
  8. Fiscal year 2023: Operating margin 46.2% · Net margin 38.1%
  9. Fiscal year 2024: Operating margin 53.8% · Net margin 45.5%
  10. Fiscal year 2025: Operating margin 49.6% · Net margin 37.9%

Returns

Return on equity rose in 5 years from 4.6% to 6.3%.

Return on equityReturn on assets
  1. Fiscal year 2016: Return on equity 8.1% · Return on assets 4.0%
  2. Fiscal year 2017: Return on equity 10.6% · Return on assets 5.6%
  3. Fiscal year 2018: Return on equity 7.4% · Return on assets 4.3%
  4. Fiscal year 2019: Return on equity 6.9% · Return on assets 3.9%
  5. Fiscal year 2020: Return on equity 4.6% · Return on assets 2.6%
  6. Fiscal year 2021: Return on equity 8.8% · Return on assets 5.0%
  7. Fiscal year 2022: Return on equity 6.3% · Return on assets 3.8%
  8. Fiscal year 2023: Return on equity 5.8% · Return on assets 3.3%
  9. Fiscal year 2024: Return on equity 6.9% · Return on assets 3.9%
  10. Fiscal year 2025: Return on equity 6.3% · Return on assets 3.4%

Equity and long-term debt

The equity ratio fell in 5 years from 57.0% to 53.9%.

EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.
  1. Fiscal year 2016: Equity 15.0B USD · Long-term debt 10.6B USD
  2. Fiscal year 2017: Equity 15.6B USD · Long-term debt 9.4B USD
  3. Fiscal year 2018: Equity 22.3B USD · Long-term debt 11.1B USD
  4. Fiscal year 2019: Equity 22.7B USD · Long-term debt 11.9B USD
  5. Fiscal year 2020: Equity 32.0B USD · Long-term debt 16.8B USD
  6. Fiscal year 2021: Equity 33.4B USD · Long-term debt 17.7B USD
  7. Fiscal year 2022: Equity 53.2B USD · Long-term debt 23.9B USD
  8. Fiscal year 2023: Equity 53.2B USD · Long-term debt 29.0B USD
  9. Fiscal year 2024: Equity 54.0B USD · Long-term debt 30.9B USD
  10. Fiscal year 2025: Equity 53.2B USD · Long-term debt 35.0B USD

Share count

The share count rose in 5 years by 26.8% – more new shares were issued than repurchased (dilution).

Diluted share count
  1. Fiscal year 2016: Diluted share count 546.7M
  2. Fiscal year 2017: Diluted share count 552.3M
  3. Fiscal year 2018: Diluted share count 590.2M
  4. Fiscal year 2019: Diluted share count 654.9M
  5. Fiscal year 2020: Diluted share count 754.4M
  6. Fiscal year 2021: Diluted share count 764.8M
  7. Fiscal year 2022: Diluted share count 811.6M
  8. Fiscal year 2023: Diluted share count 951.8M
  9. Fiscal year 2024: Diluted share count 953.6M
  10. Fiscal year 2025: Diluted share count 956.8M

Banks and insurers: gross margin, current assets and capital expenditure are usually not reported and cash flow is not meaningful there – those lines and charts are omitted.

From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.

Dividends and share repurchases

How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.

Dividend per share
0.03 USD · Fiscal year 2025
Dividend growth per year
3 y +14.5%5 y –10 y –
Years without a cut
2 in a row up to now
Payout ratio
of earnings 1% of free cash flow –
Share count over 5 years
+26.8% more shares – dilution

Dividend per share

The dividend per share rose in 5 years from 0.00 USD to 0.03 USD.

Dividend per share USD per share Per share as filed with the SEC, including special dividends; obvious filing errors are hidden.
  1. Fiscal year 2016: Dividend per share 0.15 USD
  2. Fiscal year 2017: Dividend per share 0.01 USD
  3. Fiscal year 2018: Dividend per share 0.03 USD
  4. Fiscal year 2019: Dividend per share 0.00 USD
  5. Fiscal year 2020: Dividend per share 0.00 USD
  6. Fiscal year 2021: Dividend per share 0.00 USD
  7. Fiscal year 2022: Dividend per share 0.02 USD
  8. Fiscal year 2023: Dividend per share 0.00 USD
  9. Fiscal year 2024: Dividend per share 0.01 USD
  10. Fiscal year 2025: Dividend per share 0.03 USD

Payout ratios

The payout ratio stayed roughly the same in 5 years (0.8%).

Payout ratio (earnings)
  1. Fiscal year 2016: Payout ratio (earnings) 6.6%
  2. Fiscal year 2017: Payout ratio (earnings) 0.3%
  3. Fiscal year 2018: Payout ratio (earnings) 1.0%
  4. Fiscal year 2019: Payout ratio (earnings) 0.0%
  5. Fiscal year 2020: Payout ratio (earnings) 0.0%
  6. Fiscal year 2021: Payout ratio (earnings) 0.0%
  7. Fiscal year 2022: Payout ratio (earnings) 0.5%
  8. Fiscal year 2023: Payout ratio (earnings) 0.0%
  9. Fiscal year 2024: Payout ratio (earnings) 0.2%
  10. Fiscal year 2025: Payout ratio (earnings) 0.8%

For banks and insurers free cash flow is not meaningful; ratios to free cash flow are usually omitted.

Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.

Valuation over time

Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users.

Key figures with traffic lights

Each light follows a simple, disclosed rule. The comparison is with the sector median of all 31 symbols in the Real Estate sector on our list (current members of the S&P 500 and other lists).

Revenue growth

Light green: above sector

+14.6% per year, last 5 years

Sector Real Estate: median +9.0% (31 symbols)

What does this mean? Revenue: over 5 years it grew by 14.6% per year on average – at least as fast as the median company in the sector (+9.0%).

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net income (total)

Light green: above sector

+17.6% per year, last 5 years

Sector Real Estate: median +10.6% (28 symbols)

per share: +12.1% per year (5 years, split-adjusted)

What does this mean? Total net income: over 5 years it grew by 17.6% per year on average – at least as fast as the median company in the sector (+10.6%).

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net margin

Light green: above sector

37.9% last fiscal year

Sector Real Estate: median 20.8% (30 symbols)

What does this mean? Of every 100 USD in revenue, 37.86 USD remained as profit – at least as much as the median company in the sector (20.8%). Five years ago the margin was 33.4%.

Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.

Debt / equity

Light green: lower than sector

0.65 latest balance sheet

Sector Real Estate: median 0.82 (21 symbols)

What does this mean? For every 1 USD of equity there is 0.65 USD of financial debt – no more than the median company in the sector (0.82). More debt amplifies good and bad years alike.

Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.

Payout ratio

Light gray: little meaning

1% Dividend / earnings per share

Sector Real Estate: median 129% (24 symbols)

What does this mean? Of every 1 USD of earnings per share, 0.01 USD went to shareholders as a dividend. REITs are legally required to pay out most of their income; the ratio to earnings says little there. Median company in the sector: 129%.

Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.

Profitable years

Light green: profit every year

10 of 10 fiscal years with a profit

What does this mean? In 10 of the last 10 fiscal years the bottom line showed a profit. There were no losses in this period.

Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).

Last fiscal year and 13F

Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
8.8B USD
Revenue vs. prior year
+7.2%
Net income (FY)
3.3B USD
Net income vs. prior year
−10.8%
EPS (FY)
3.56 USD
13F funds with a position
1 of 9
Funds vs. prior quarter
+1
Shares held vs. prior quarter
–
Fiscal year to Dec 31, 2025 · 10-K filed Feb 13, 2026 · Balance sheet Mar 31, 2026 (filed Apr 30, 2026) · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term). 13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
YearEndRevenueNet income MarginEarnings per shareDividend per sharePayout
2025Dec 31, 2025 8.8B3.3B 37.9% 3.56 0.03 1%
2024Dec 31, 2024 8.2B3.7B 45.5% 4.01 0.01 0%
2023Dec 31, 2023 8.0B3.1B 38.1% 3.29 0.00 0%
2022Dec 31, 2022 6.0B3.4B 56.3% 4.25 0.02 0%
2021Dec 31, 2021 4.8B2.9B 61.8% 3.94 0.00 0%
2020Dec 31, 2020 4.4B1.5B 33.4% 2.01 0.00 0%
2019Dec 31, 2019 3.3B1.6B 47.2% 2.46 0.00 0%
2018Dec 31, 2018 2.8B1.6B 58.8% 2.87 0.03 1%
2017Dec 31, 2017 2.6B1.7B 63.1% 3.06 0.01 0%
2016Dec 31, 2016 2.5B1.2B 47.8% 2.27 0.15 7%
Quarters (amounts in USD, per share in USD)
QuarterEndRevenueNet income MarginEarnings per shareDividend per sharePayout
Q1/26Mar 31, 2026 2.3B982.0M 42.7% 1.05 1.07 102%
Q4/25Dec 31, 2025 2.3B1.5B 65.8% 1.49 – –
Q3/25Sep 30, 2025 2.2B764.3M 34.5% 0.82 1.01 123%
Q2/25Jun 30, 2025 2.2B571.2M 26.2% 0.61 1.01 166%
Q1/25Mar 31, 2025 2.1B593.0M 27.7% 0.63 1.01 160%
Q4/24Dec 31, 2024 2.2B1.3B 61.0% 1.37 – –
Q3/24Sep 30, 2024 2.0B1.0B 49.4% 1.08 0.96 89%
Q2/24Jun 30, 2024 2.0B861.3M 42.9% 0.92 0.96 104%
Q1/24Mar 31, 2024 2.0B585.7M 29.9% 0.63 0.96 152%
Q4/23Dec 31, 2023 1.9B675.9M 35.8% 0.68 – –
Q3/23Sep 30, 2023 1.9B747.6M 39.0% 0.80 0.87 109%
Q2/23Jun 30, 2023 2.5B1.2B 49.6% 1.31 0.87 66%

* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.

How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.

Insiders

All insider transactions
Insider purchases and sales on the market over 3, 6 and 12 months
PeriodPurchasesSalesNet
3 months $00 people $00 people $0
6 months $00 people $8.0M2 people −$8.0M
12 months $00 people $8.2M4 people −$8.2M

Latest transactions

  • Jul 16, 2026 Moghadam Hamid Director Open-market sale · 10b5-1 plan 50,000 shares · $7.5M · SEC
  • Jun 15, 2026 Arndt Timothy D Chief financial officer (CFO) Open-market sale · 10b5-1 plan 3,597 shares · $539.6K · SEC
  • Jan 28, 2026 Slusser Sarah A Director Open-market sale 10 shares · $1.3K · SEC
  • Dec 1, 2025 Bita Cristina Gabriela Director Open-market sale · 10b5-1 plan 621 shares · $79.2K · SEC
  • Nov 3, 2025 Bita Cristina Gabriela Director Open-market sale · 10b5-1 plan 500 shares · $61.6K · SEC

Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.

Trend score -100

Price vs. EMA 50-15
Price vs. EMA 200-15
EMA 50 vs. EMA 200-20
ADX (trend strength)-15
Highs and lows-20
Relative strength-15

Volatility and trend strength

ADX 14 (trend strength)30.3
Rel. strength 60 d−13.1%

ATR and moving averages as price values only when logged in.

More stocks from Real Estate

All symbols in this sector

News

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