PLD Prologis
$125.78
▼ 0.9%Updated Oct 16, 2:25 PM ET
Report Card
PLD at a glance — five pillars scored 0–100 from real filed financials.
How the 0–100 rating is calculatedOverall: Neutral · 54/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
Price — Past Year
▲ Up 33.7% in the year to Jul 6, 2026
Key Metrics
Market Cap
$132.74B
P/E
32.3x
Forward P/E (est.)
32.62x
ROE
7.0%
Revenue Growth
6.7%
EPS Growth
-1.0%
Profit Margin
41.5%
FCF Yield
4.1%
Debt / Equity
0.66x
ROIC
4.0%
Interest Coverage
4.35x
Current Ratio
—
Dividend Yield
2.9%
Implied Growth (rev. DCF)
—
Rating Score
54/100
Business Overview
Prologis (PLD) is a large-cap company in the Industrial REITs industry, part of the Real Estate sector of the S&P 500, with a market value around $132.74B.
In its latest reported year it generated about $8.79B in revenue and $3.33B in net profit.
Our model rates PLD Neutral (54/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Economic Moat
Evidence of durable competitive advantage in the filed financials (10 years of history).
Profit margins and economic moats, explainedSome durable-advantage evidence, but not across the board — dig into which ingredient is weak and whether it's cyclical or structural.
49.9% average over the last 3 years
±12.4 pts around 54.0% across 10 years
grew in 9 of the last 9 year-over-year periods
positive in 10 of 10 years
4.0% latest fiscal year
A moat can't be proven by numbers alone — this scores the evidence a durable advantage leaves behind (pricing power, consistency, returns on capital), computed the same way for every stock. Pair it with the business overview before concluding anything.
Technical Analysis (Educational)
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what PLD's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. PLD trades near $125.78, below its 50-day average ($142.64) and 200-day average ($132.25). Price below both averages is a downtrend — momentum is against buyers for now.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 36 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently negative — short-term momentum is fading.
Volatility — ATR. Average True Range is the typical daily move. PLD's is $3.61 (~2.9% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. In the month to Jul 6, 2026, PLD found buyers near $135.10 (support) and sellers near $150.18 (resistance); its 52-week range then was $103.41–$150.18. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 0.7× the 20-day average — lighter than usual, so the move carries less conviction. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. The indicators were last computed on Jul 6, 2026; the price is current.
Revenue Growth
4Y CAGR
16.6%
Revenue moved from $2.53B in 2016 to $8.79B in 2025, a 14.8% compound annual growth rate. The most recent year grew a steady 6.7% year over year. Slower, mature growth is common for established businesses.
Profitability
Gross Margin
74.4%
Operating Margin
49.6%
Net Margin
37.9%
ROE
7.0%
Prologis keeps about 41.5% of each sales dollar as net profit, with a 74.4% gross margin and 49.6% operating margin. Return on equity is 7.0% and return on invested capital about 4.0%. Margins this wide usually signal pricing power or a cost advantage.
Debt Analysis
Total Debt
$34.67B
Net Debt
$33.81B
Net Debt / EBITDA
7.76x
Debt / Equity
0.66x
Leverage: debt-to-equity is 0.7x, and operating profit covers interest about 4.3x. That is a moderate, manageable debt load for most businesses. It carries roughly $34.67B of total debt against $861.14M of cash.
Cash Flow Analysis
Operating CF
$5.01B
Free Cash Flow
$5.01B
FCF Margin
57.0%
In the latest year Prologis produced about $5.01B of operating cash flow and $5.01B of free cash flow after capital spending. That is a free-cash-flow yield of about 4.1% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.
Dividend Safety
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
What to look for in a dividend stockThe dividend is being paid, but coverage or consistency is thinner than an income investor should rely on without a closer look.
Dividend yield
2.9%
Per share (latest FY)
$0.03
Total paid (latest FY)
$3.76B
History on record
10 years
dividend uses 75% of free cash flow
113% of net income paid out
total dividends increased 9 years in a row
no cuts in the last 10 years on record
Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.
Valuation Analysis
P/E
32.3x
P/S
15.87x
P/B
1.99x
EV / EBITDA
—
PLD trades at 32.3x trailing earnings (about 32.6x on estimated forward earnings), 15.9x sales, and 2.0x book value. That is a premium multiple that needs growth to justify it.
Metrics vs. Sector Range
Where PLD sits versus the Real Estate companies we cover.
Bands show the middle half (25th–75th percentile) of the 33 Real Estate companies in our coverage that have fundamentals data — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
Sector Peer Comparison
How PLD stacks up against its Real Estate peers — valuation, profitability, and growth versus the sector median.
Among the 33 rated Real Estate companies we cover, PLD ranks #15 by our overall rating. It trades at roughly in line versus the sector on earnings (32.3x P/E vs. 29.9x median) with a lower return on equity (7.0% vs. 8.0%) and faster revenue growth (6.7% vs. 5.3%).
P/E vs sector
32.3x
median 29.9x
ROE vs sector
7.0%
median 8.0%
Growth vs sector
6.7%
median 5.3%
Sector rank
#15
of 33 rated
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Real Estate companies by sub-industry and size, preferring ones with full data. Sector medians and rank use the 33 rated companies among the 41 Real Estate stocks we cover. Educational, not a recommendation.
5-Year Projection Model
Project revenue → earnings → price. Edit the assumptions to build your own case.
What drives this projection, and its limits2030 scenario price range (Base Case)
$84.34 – $142.05
vs. $125.78 today · implied CAGR -8% – 2%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $9.41B | $10.06B | $10.77B | $11.52B | $12.33B |
| Net income | $3.57B | $3.82B | $4.09B | $4.38B | $4.68B |
| EPS | $3.39 | $3.62 | $3.88 | $4.15 | $4.44 |
| Share price (low) | $64.35 | $68.85 | $73.67 | $78.83 | $84.34 |
| Share price (high) | $108.37 | $115.96 | $124.08 | $132.76 | $142.05 |
| CAGR (low–high) | -49% / -14% | -26% / -4% | -16% / -0% | -11% / 1% | -8% / 2% |
Educational scenario model, not a forecast or investment advice. It starts from the latest annual revenue in SEC filings. By default, growth is trailing revenue growth (held between 3% and 45% a year), the net margin is the latest one (held between 3% and 50%, so a loss-making company is modeled with a small profit), and the Base case P/E runs from 60% to 100% of today's. Carrying recent growth forward five years can miss badly in either direction. Outputs are only as good as the assumptions.
Bull Case
The case for PLD:
- High net margins (41.5%) point to pricing power or efficiency.
- Healthy free-cash-flow yield (~4.1%) funds buybacks and dividends.
- Pays a 2.9% dividend on top of any price gains.
Bear Case
The case against PLD:
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Key Risks
Valuation risk — at 32.3x earnings, disappointing results could compress the multiple.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
Investment Thesis
On balance, the picture is mixed: Prologis is a large-cap real estate business growing at a mature pace, with solid profitability, and a sound balance sheet. It trades at 32.3x earnings, which our model scores Neutral (54/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 23 Wall Street analysts covering PLD recommend (September 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Latest SEC Filings
PLD's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen. How to read a 10-K
In the Idea Lab
PLD — frequently asked questions
Is PLD a good stock to buy?
We don't give buy or sell advice. Our model rates Prologis Neutral (54/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is PLD's rating on The Stocks School?
Prologis currently scores 54/100 (Neutral) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does PLD's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from Prologis's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for PLD calculated?
It's a scenario model. It starts from the latest annual revenue and net margin in SEC filings, grows revenue at an assumed rate (trailing revenue growth by default), and applies a P/E range built around today's multiple to show the resulting share-price range. When a stock has no growth or P/E data, the starting values are placeholders. It's a tool for thinking, not a prediction.
Is this PLD analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell PLD. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.