Overview Dividends

(PLD) Prologis - Ratings and Ratios

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

Warehouses, Distribution Centers, Industrial Parks, Development Projects

Industrial REITs
Market Cap in USD: 118,180m
IPO / Inception: 1994-03-01
Return 12m vs S&P 500: 9.97%

EPS (Earnings per Share)

EPS (Earnings per Share) of PLD over the last years for every Quarter: "2020-12": 0.38, "2021-03": 0.49, "2021-06": 0.81, "2021-09": 0.97, "2021-12": 1.67, "2022-03": 1.5, "2022-06": 0.8, "2022-09": 1.32, "2022-12": 0.62, "2023-03": 0.5, "2023-06": 1.31, "2023-09": 0.8, "2023-12": 0.68, "2024-03": 0.63, "2024-06": 0.92, "2024-09": 1.08, "2024-12": 1.37, "2025-03": 0.63, "2025-06": 0.61, "2025-09": 0.82,
EPS CAGR: -17.28%
EPS Trend: -37.2%
Last SUE: 0.38
Qual. Beats: 0

Revenue

Revenue of PLD over the last years for every Quarter: 2020-12: 1111.597, 2021-03: 1148.316, 2021-06: 1150.842, 2021-09: 1183.049, 2021-12: 1277.233, 2022-03: 1219.128, 2022-06: 1252.08, 2022-09: 1750.892, 2022-12: 1751.592, 2023-03: 1768.587, 2023-06: 2450.971, 2023-09: 1914.664, 2023-12: 1889.247, 2024-03: 1956.621, 2024-06: 2007.954, 2024-09: 2036.389, 2024-12: 2200.646, 2025-03: 2139.665, 2025-06: 2183.869, 2025-09: 2213.881,
Rev. CAGR: 15.80%
Rev. Trend: 81.3%
Last SUE: 0.47
Qual. Beats: 0

Dividends

Dividend Yield 3.13%
Yield on Cost 5y 4.73%
Yield CAGR 5y 13.43%
Payout Consistency 95.7%
Payout Ratio 117.8%
Risk via 5d forecast
Volatility 24.7%
Value at Risk 5%th 39.2%
Relative Tail Risk -3.47%
Reward TTM
Sharpe Ratio 0.88
Alpha 13.48
CAGR/Max DD 0.24
Character TTM
Hurst Exponent 0.409
Beta 0.843
Beta Downside 0.931
Drawdowns 3y
Max DD 31.37%
Mean DD 10.73%
Median DD 9.48%

Description: PLD Prologis December 02, 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. As of September 30 2025 the company’s portfolio-held directly or via co-investment vehicles-covers roughly 1.3 billion sq ft (≈120 million m²) across 20 countries, serving about 6,500 tenants in both business-to-business and retail/online fulfillment segments.

Key performance indicators from the most recent filings show an occupancy rate of 96 % and a FY 2024 adjusted funds-from-operations (AFFO) growth of 8 % YoY, supporting a dividend yield near 5.2 %. The balance sheet remains leveraged at a net debt-to-EBITDA ratio of 5.1×, reflecting the capital-intensive nature of the sector but still within industry norms.

Primary economic drivers include sustained e-commerce expansion, which fuels demand for last-mile distribution space, and the ongoing reshoring of supply chains that elevates the strategic value of proximate, high-quality logistics assets. Conversely, rising interest rates and inflationary pressure on construction costs constitute material headwinds that could affect acquisition financing and development timelines.

For a deeper, data-driven assessment of PLD’s valuation dynamics, the ValueRay platform offers granular metrics and scenario analyses worth exploring.

Piotroski VR‑10 (Strict, 0-10) 3.5

Net Income (3.21b TTM) > 0 and > 6% of Revenue (6% = 524.3m TTM)
FCFTA 0.05 (>2.0%) and ΔFCFTA 1.06pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue -6.04% (prev -17.26%; Δ 11.23pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.05 (>3.0%) and CFO 5.19b > Net Income 3.21b (YES >=105%, WARN >=100%)
Net Debt (34.12b) to EBITDA (7.19b) ratio: 4.74 <= 3.0 (WARN <= 3.5)
Current Ratio 0.75 (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 9.00% (prev 8.23%; Δ 0.77pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio 4.84 (EBITDA TTM 7.19b / Interest Expense TTM 947.4m) >= 6 (WARN >= 3)

Altman Z'' 0.18

(A) -0.01 = (Total Current Assets 1.54b - Total Current Liabilities 2.07b) / Total Assets 98.34b
(B) -0.01 = Retained Earnings (Balance) -1.36b / Total Assets 98.34b
(C) 0.05 = EBIT TTM 4.58b / Avg Total Assets 97.12b
(D) -0.05 = Book Value of Equity -2.09b / Total Liabilities 41.13b
Total Rating: 0.18 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 59.47

1. Piotroski 3.50pt
2. FCF Yield 3.40%
3. FCF Margin 59.35%
4. Debt/Equity 0.67
5. Debt/Ebitda 4.74
6. ROIC - WACC (= -2.21)%
7. RoE 6.03%
8. Rev. Trend 81.33%
9. EPS Trend -37.19%

What is the price of PLD shares?

As of December 25, 2025, the stock is trading at USD 129.15 with a total of 1,049,940 shares traded.
Over the past week, the price has changed by +0.84%, over one month by +2.93%, over three months by +15.33% and over the past year by +27.75%.

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 131.9 2.1%
Analysts Target Price 131.9 2.1%
ValueRay Target Price 138 6.8%

PLD Fundamental Data Overview December 23, 2025

Market Cap USD = 118.18b (118.18b USD * 1.0 USD.USD)
P/E Trailing = 36.9855
P/E Forward = 48.3092
P/S = 12.986
P/B = 2.248
P/EG = 0.5424
Beta = 1.407
Revenue TTM = 8.74b USD
EBIT TTM = 4.58b USD
EBITDA TTM = 7.19b USD
Long Term Debt = 35.08b USD (from longTermDebt, last quarter)
Short Term Debt = 224.9m USD (from shortTermDebt, last quarter)
Debt = 35.30b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 34.12b USD (from netDebt column, last quarter)
Enterprise Value = 152.30b USD (118.18b + Debt 35.30b - CCE 1.19b)
Interest Coverage Ratio = 4.84 (Ebit TTM 4.58b / Interest Expense TTM 947.4m)
FCF Yield = 3.40% (FCF TTM 5.19b / Enterprise Value 152.30b)
FCF Margin = 59.35% (FCF TTM 5.19b / 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 152.30b / Total Assets 98.34b)
Interest Expense / Debt = 0.73% (Interest Expense 258.3m / Debt 35.30b)
Taxrate = 6.23% (54.5m / 875.8m)
NOPAT = 4.30b (EBIT 4.58b * (1 - 6.23%))
Current Ratio = 0.75 (Total Current Assets 1.54b / Total Current Liabilities 2.07b)
Debt / Equity = 0.67 (Debt 35.30b / totalStockholderEquity, last quarter 52.64b)
Debt / EBITDA = 4.74 (Net Debt 34.12b / EBITDA 7.19b)
Debt / FCF = 6.58 (Net Debt 34.12b / FCF TTM 5.19b)
Total Stockholder Equity = 53.20b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.26% (Net Income 3.21b / Total Assets 98.34b)
RoE = 6.03% (Net Income TTM 3.21b / Total Stockholder Equity 53.20b)
RoCE = 5.19% (EBIT 4.58b / Capital Employed (Equity 53.20b + L.T.Debt 35.08b))
RoIC = 4.97% (NOPAT 4.30b / Invested Capital 86.41b)
WACC = 7.18% (E(118.18b)/V(153.48b) * Re(9.12%) + D(35.30b)/V(153.48b) * Rd(0.73%) * (1-Tc(0.06)))
Discount Rate = 9.12% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.22%
[DCF Debug] Terminal Value 77.87% ; FCFE base≈4.73b ; Y1≈5.78b ; Y5≈9.64b
Fair Price DCF = 145.0 (DCF Value 134.69b / Shares Outstanding 928.9m; 5y FCF grow 23.71% → 3.0% )
EPS Correlation: -37.19 | EPS CAGR: -17.28% | SUE: 0.38 | # QB: 0
Revenue Correlation: 81.33 | Revenue CAGR: 15.80% | SUE: 0.47 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.66 | Chg30d=+0.000 | Revisions Net=+0 | Analysts=3
EPS next Year (2026-12-31): EPS=2.88 | Chg30d=-0.038 | Revisions Net=+0 | Growth EPS=+9.3% | Growth Revenue=+6.5%

Additional Sources for PLD Stock

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