Overview Dividends

(PLD) Prologis - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US74340W1036

Warehouses, Distribution Centers, Logistics Facilities, Industrial Properties

PLD EPS (Earnings per Share)

EPS Growth (3Y CAGR): 10.70%
EPS Trend (3Y Correlation): 16.4%

PLD Revenue

Revenue Growth (3Y CAGR): 8.89%
Revenue Trend (3Y Correlation): 56.8%

Description: PLD Prologis September 25, 2025

Prologis, Inc. (NYSE: PLD) is the world’s largest owner, operator and developer of logistics real estate, concentrating on “high-barrier, high-growth” markets where entry costs and demand dynamics limit new competition.

As of March 31 2025 the company’s portfolio-held outright or via co-investment structures-covers roughly 1.3 billion sq ft (≈120 million m²) across 20 countries, making it the most geographically diversified logistics REIT.

The tenant base exceeds 6,500 customers and is split primarily between business-to-business users (e.g., manufacturers, third-party logistics providers) and retail/online fulfillment operators, reflecting the sector’s dual reliance on supply-chain efficiency and e-commerce growth.

Key recent performance indicators: FY 2024 occupancy held at 96.2% (up 0.4 pp YoY), net rental income grew 5.1% year-over-year, and the company maintained a net debt-to-EBITDA ratio of 5.3×, indicating moderate leverage in a rising-rate environment.

Macro drivers that underpin PLD’s outlook include sustained e-commerce penetration (global online sales projected to reach 23% of total retail by 2026), near-shoring trends that increase demand for inland distribution hubs, and the tightening of global freight capacity, which elevates the value of modern, strategically located warehouses.

For a deeper, data-driven valuation of PLD, the ValueRay platform offers granular scenario analysis you may find useful.

PLD Stock Overview

Market Cap in USD	118,015m
Sub-Industry	Industrial REITs
IPO / Inception	1994-03-01

PLD Stock Ratings

Growth Rating	18.6%
Fundamental	57.8%
Dividend Rating	73.2%
Return 12m vs S&P 500	-7.19%
Analyst Rating	3.88 of 5

PLD Dividends

Dividend Yield 12m	3.23%
Yield on Cost 5y	4.50%
Annual Growth 5y	13.43%
Payout Consistency	95.7%
Payout Ratio	88.5%

PLD Growth Ratios

Growth Correlation 3m	93.1%
Growth Correlation 12m	11.2%
Growth Correlation 5y	9%
CAGR 5y	8.39%
CAGR/Max DD 3y (Calmar Ratio)	0.27
CAGR/Mean DD 3y (Pain Ratio)	0.77
Sharpe Ratio 12m	-0.14
Alpha	-15.91
Beta	1.291
Volatility	25.18%
Current Volume	3329.8k
Average Volume 20d	2965.9k
Stop Loss	119.7 (-3.1%)
Signal	0.64

Piotroski VR‑10 (Strict, 0-10) 3.0

Net Income (3.21b TTM) > 0 and > 6% of Revenue (6% = 524.3m TTM)

FCFTA 0.05 (>2.0%) and ΔFCFTA 0.65pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -2.51% (prev -17.26%; Δ 14.75pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.05 (>3.0%) and CFO 5.17b > Net Income 3.21b (YES >=105%, WARN >=100%)

Net Debt (30.18b) to EBITDA (6.95b) ratio: 4.34 <= 3.0 (WARN <= 3.5)

Current Ratio 0.92 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (956.6m) change vs 12m ago 0.29% (target <= -2.0% for YES)

Gross Margin 67.69% (prev 74.34%; Δ -6.65pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 9.14% (prev 8.23%; Δ 0.91pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 4.58 (EBITDA TTM 6.95b / Interest Expense TTM 947.4m) >= 6 (WARN >= 3)

Altman Z'' 0.26

(A) -0.00 = (Total Current Assets 2.42b - Total Current Liabilities 2.64b) / Total Assets 95.33b

(B) -0.00 = Retained Earnings (Balance) -465.9m / Total Assets 95.33b

(D) -0.02 = Book Value of Equity -576.9m / Total Liabilities 36.71b

Total Rating: 0.26 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 57.75

1. Piotroski 3.0pt = -2.0

2. FCF Yield 3.49% = 1.75

3. FCF Margin 59.20% = 7.50

4. Debt/Equity 0.58 = 2.33

5. Debt/Ebitda 4.34 = -2.50

6. ROIC - WACC (= -3.93)% = -4.91

7. RoE 6.02% = 0.50

8. Rev. Trend 56.76% = 4.26

9. EPS Trend 16.43% = 0.82

What is the price of PLD shares?

As of October 31, 2025, the stock is trading at USD 123.47 with a total of 3,329,842 shares traded.
Over the past week, the price has changed by -1.97%, over one month by +8.08%, over three months by +13.54% and over the past year by +10.99%.

Is Prologis a good stock to buy?

Neither. Based on ValueRay´s Fundamental Analyses, Prologis is currently (October 2025) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 57.75 and therefor a neutral outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of PLD is around 115.57 USD . This means that PLD is currently overvalued and has a potential downside of -6.4%.

Is PLD a buy, sell or hold?

Prologis has received a consensus analysts rating of 3.88. Therefore, it is recommended to buy PLD.

Strong Buy: 9
Buy: 5
Hold: 8
Sell: 2
Strong Sell: 0

What are the forecasts/targets for the PLD price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	129.7	5%
Analysts Target Price	129.7	5%
ValueRay Target Price	129	4.5%

PLD Fundamental Data Overview October 29, 2025

Market Cap USD = 118.01b (118.01b USD * 1.0 USD.USD)
P/E Trailing = 36.7283
P/E Forward = 42.1941
P/S = 12.9679
P/B = 2.0463
P/EG = 0.5424
Beta = 1.291
Revenue TTM = 8.74b USD
EBIT TTM = 4.34b USD
EBITDA TTM = 6.95b USD
Long Term Debt = 30.65b USD (from longTermDebt, last fiscal year)
Short Term Debt = 225.0m USD (from shortTermDebt, last fiscal year)
Debt = 31.49b USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = 30.18b USD (from netDebt column, last fiscal year)
Enterprise Value = 148.19b USD (118.01b + Debt 31.49b - CCE 1.32b)
Interest Coverage Ratio = 4.58 (Ebit TTM 4.34b / Interest Expense TTM 947.4m)
FCF Yield = 3.49% (FCF TTM 5.17b / Enterprise Value 148.19b)
FCF Margin = 59.20% (FCF TTM 5.17b / Revenue TTM 8.74b)
Net Margin = 36.70% (Net Income TTM 3.21b / Revenue TTM 8.74b)
Gross Margin = 67.69% ((Revenue TTM 8.74b - Cost of Revenue TTM 2.82b) / Revenue TTM)
Gross Margin QoQ = 45.71% (prev 74.68%)
Tobins Q-Ratio = 1.55 (Enterprise Value 148.19b / Total Assets 95.33b)
Interest Expense / Debt = 0.82% (Interest Expense 258.3m / Debt 31.49b)
Taxrate = 6.23% (54.5m / 875.8m)
NOPAT = 4.07b (EBIT 4.34b * (1 - 6.23%))
Current Ratio = 0.92 (Total Current Assets 2.42b / Total Current Liabilities 2.64b)
Debt / Equity = 0.58 (Debt 31.49b / totalStockholderEquity, last fiscal year 53.95b)
Debt / EBITDA = 4.34 (Net Debt 30.18b / EBITDA 6.95b)
Debt / FCF = 5.83 (Net Debt 30.18b / FCF TTM 5.17b)
Total Stockholder Equity = 53.30b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.36% (Net Income 3.21b / Total Assets 95.33b)
RoE = 6.02% (Net Income TTM 3.21b / Total Stockholder Equity 53.30b)
RoCE = 5.17% (EBIT 4.34b / Capital Employed (Equity 53.30b + L.T.Debt 30.65b))
RoIC = 4.74% (NOPAT 4.07b / Invested Capital 85.92b)
WACC = 8.66% (E(118.01b)/V(149.51b) * Re(10.77%) + D(31.49b)/V(149.51b) * Rd(0.82%) * (1-Tc(0.06)))
Discount Rate = 10.77% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.22%
[DCF Debug] Terminal Value 72.38% ; FCFE base≈4.94b ; Y1≈5.85b ; Y5≈9.12b
Fair Price DCF = 107.9 (DCF Value 100.21b / Shares Outstanding 928.7m; 5y FCF grow 19.85% → 3.0% )
EPS Correlation: 16.43 | EPS CAGR: 10.70% | SUE: 0.34 | # QB: 0
Revenue Correlation: 56.76 | Revenue CAGR: 8.89% | SUE: 0.47 | # QB: 0

Additional Sources for PLD Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle