A Business at a Glance
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Prologis, Inc. is a self-administered and self-managed REIT and is the sole general partner of Prologis, L.P. through which it holds substantially all of its assets. We operate Prologis, Inc. and Prologis, L.P. as one enterprise and, therefore, our discussion and analysis refers to Prologis, Inc. and its consolidated subsidiaries, including Prologis, L.P. We invest in real estate through wholly owned subsidiaries and other entities through which we co-invest with partners and investors ("co-investment ventures"). We have a significant ownership interest in the co-investment ventures, which are either consolidated or unconsolidated based on our level of control of the entity. Prologis, Inc. began operating as a fully integrated real estate company in 1997 and elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended (“Internal Revenue Code” or “IRC”). We believe the current organization and method of operation enable Prologis, Inc.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 8.8B | 8.8B | 8.2B | 8.0B | 6.0B | 4.8B |
| Net Income | 3.3B | 3.3B | 3.7B | 3.1B | 3.4B | 2.9B |
| EPS | $3.56 | $3.56 | $4.01 | $3.29 | $4.25 | $3.94 |
| Free Cash Flow | 3.2B | 3.2B | 2.6B | 1.2B | 1.6B | 676M |
| ROIC | 4.7% | 4.9% | 5.2% | 4.3% | 4.4% | 6.1% |
| Gross Margin | 77.7% | 77.7% | 78.5% | 79.7% | 79.8% | 78.1% |
| Debt/Equity | 0.66 | 0.66 | 0.57 | 0.55 | 0.45 | 0.53 |
| Dividends/Share | $4.03 | $4.03 | $3.84 | $3.48 | $3.16 | $2.52 |
| Operating Income | 4.4B | 4.4B | 4.4B | 3.7B | 3.5B | 3.2B |
| Operating Margin | 49.6% | 49.6% | 53.8% | 46.2% | 58.0% | 67.4% |
| ROE | 6.2% | 6.2% | 6.9% | 5.7% | 6.3% | 8.8% |
| Shares Outstanding | 933M | 933M | 929M | 928M | 790M | 745M |
Prologis, Inc. passes 4 of 9 quality checks, suggesting mixed fundamentals.
Prologis, Inc. trades at 14.7x trailing earnings, compared to its 15-year median P/E of 14.2x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 15.2x vs a median of 21.8x. The company's 5-year average ROIC is 5.0% with a gross margin of 78.8%. Total shareholder yield (dividends) is 7.7%. At current prices, the estimated annualized return to fair value is +3.2%.
Prologis, Inc. (PLDGP) has a current P/E ratio of 14.7, compared to its historical median P/E of 14.2. The stock is currently considered Fair based on its historical valuation range.
Prologis, Inc. (PLDGP) has a 5-year average return on invested capital (ROIC) of 5.0%. This is below average and may indicate limited pricing power.
Prologis, Inc. (PLDGP) has a market capitalization of $48.9B. It is classified as a large-cap stock.
Yes, Prologis, Inc. (PLDGP) pays a dividend with a trailing twelve-month yield of 7.70%.
Based on historical P/E analysis, Prologis, Inc. (PLDGP) appears fair. The current P/E of 14.7 is 4% above its historical median of 14.2. The estimated fair value CAGR (P/E method) is 6.6%.
Prologis, Inc. (PLDGP) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
Prologis, Inc. (PLDGP) reported annual revenue of $8.8 billion in its most recent fiscal year, based on SEC EDGAR filings.
Prologis, Inc. (PLDGP) has a net profit margin of 37.8%. This is a strong margin indicating high profitability.
Prologis, Inc. (PLDGP) generated $3.2 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Prologis, Inc. (PLDGP) has a debt-to-equity ratio of 0.66. This indicates moderate leverage.
Prologis, Inc. (PLDGP) reported earnings per share (EPS) of $3.56 in its most recent fiscal year.
Prologis, Inc. (PLDGP) has a return on equity (ROE) of 6.2%. This indicates moderate shareholder returns.
Prologis, Inc. (PLDGP) has a 5-year average gross margin of 78.8%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 15 years of financial data for Prologis, Inc. (PLDGP), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Prologis, Inc. (PLDGP) has a book value per share of $57.00, based on its most recent annual SEC filing.