PLD Stock Analysis: Prologis | NYSE
REIT - Industrial | NYSE, USA | Market Cap: 132.001m USD | 12M Return: 32.5% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 570M
EPS Trend: 37.3%
Qual. Beats: 2
Rev. Trend: 91.1%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: under 40 is mostly noise, over 50 gets interesting, and over 70 is strong.
Prologis, Inc. (PLD) is a self-administered and self-managed real estate investment trust (REIT) that operates through Prologis, L.P., of which it serves as the sole general partner holding substantially all of its assets. The company invests in real estate via wholly owned subsidiaries and co-investment ventures, with its portfolio measured on an Owned and Managed (O&M) basis that includes both consolidated properties and unconsolidated ventures it manages. Prologis began operating as a fully integrated real estate company in 1997, the same year it elected REIT taxation under the Internal Revenue Code, and the parent entity was incorporated in 1983 and is headquartered in San Francisco, California.
As an Industrial REIT, Prologis focuses on logistics-oriented real estate such as warehouses and distribution facilities that serve the global supply chain. REITs are generally required to distribute a substantial portion of their taxable income to shareholders in exchange for favorable tax treatment under the IRC.
- Industrial occupancy hovers near record highs on tight logistics supply
- Same-store NOI growth accelerates on contractual rent escalators
- Cap rates expand as Fed rate cuts pressure REIT valuations
| Net Income: 3.72b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 0.07 > 1.0 |
| NWC/Revenue: -15.35% < 20% (prev -11.16%; Δ -4.19% < -1%) |
| CFO/TA 0.05 > 3% & CFO 5.14b > Net Income 3.72b |
| Net Debt (34.5b) to EBITDA (7.71b): 4.47 < 3 |
| Current Ratio: 0.39 > 1.5 & < 3 |
| Outstanding Shares: last quarter (957.6m) vs 12m ago 0.15% < -2% |
| Gross Margin: 43.37% > 18% (prev 75.27%; Δ -31.90% > 0.5%) |
| Asset Turnover: 9.22% > 50% (prev 8.73%; Δ 0.48% > 0%) |
| Interest Coverage Ratio: 4.88 > 6 (EBIT TTM 5.01b / Interest Expense TTM 1.02b) |
| A: -0.01 (Total Current Assets 861.1m - Total Current Liabilities 2.23b) / Total Assets 98.1b |
| B: -0.01 (Retained Earnings -921.0m / Total Assets 98.1b) |
| C: 0.05 (EBIT TTM 5.01b / Avg Total Assets 97.1b) |
| D: 1.33 (Book Value of Equity 53.5b / Total Liabilities 40.2b) |
| Altman-Z'' = 1.62 = BB |
As of July 02, 2026, the stock is trading at USD 135.47 with a total of 5,555,800 shares traded. Over the past week, the price has changed by -2.89%, over one month by -0.88%, over three months by +3.35% and over the past year by +32.51%.
Current recommended Stop Loss: 130.80 (which is 3.4% or 1.4 ATR below the current price).
Prologis has received a consensus analysts rating of 3.88. Therefore, it is recommended to buy PLD.
- StrongBuy: 9
- Buy: 5
- Hold: 8
- Sell: 2
- StrongSell: 0
| Analysts Target Price | 152.6 | 12.6% |
P/E Trailing = 35.3058
P/E Forward = 33.8983
P/S = 14.0785
P/B = 2.5341
P/EG = 112.9911
Revenue TTM = 8.95b USD
EBIT TTM = 5.01b USD
EBITDA TTM = 7.71b USD
Long Term Debt = 34.1b USD (from longTermDebt, last quarter)
Short Term Debt = 553.9m USD (from shortTermDebt, last quarter)
Debt = 35.3b USD (from shortLongTermDebtTotal, last quarter) + Leases 643.5m
Net Debt = 34.5b USD (calculated: Debt 35.3b - CCE 861.1m)
Enterprise Value = 166b USD (132b + Debt 35.3b - CCE 861.1m)
Interest Coverage Ratio = 4.88 (Ebit TTM 5.01b / Interest Expense TTM 1.02b)
EV/FCF = 33.38x (Enterprise Value 166b / FCF TTM 4.99b)
FCF Yield = 3.00% (FCF TTM 4.99b / Enterprise Value 166b)
FCF Margin = 55.72% (FCF TTM 4.99b / Revenue TTM 8.95b)
Net Margin = 41.54% (Net Income TTM 3.72b / Revenue TTM 8.95b)
Gross Margin = 43.37% ((Revenue TTM 8.95b - Cost of Revenue TTM 5.07b) / Revenue TTM)
Gross Margin QoQ = 10.12% (prev 44.62%)
Tobins Q-Ratio = 1.70 (Enterprise Value 166b / Total Assets 98.1b)
Interest Expense / Debt = 2.90% (Interest Expense 1.02b / Debt 35.3b)
Taxrate = 4.99% (208.6m / 4.18b)
NOPAT = 4.76b (EBIT 5.01b * (1 - 4.99%))
Current Ratio = 0.39 (Total Current Assets 861.1m / Total Current Liabilities 2.23b)
Debt / Equity = 0.66 (Debt 35.3b / totalStockholderEquity, last quarter 53.5b)
Debt / EBITDA = 4.47 (Net Debt 34.5b / EBITDA 7.71b)
Debt / FCF = 6.91 (Net Debt 34.5b / FCF TTM 4.99b)
Total Stockholder Equity = 53.0b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.83% (Net Income 3.72b / Total Assets 98.1b)
RoE = 7.01% (Net Income TTM 3.72b / Total Stockholder Equity 53.0b)
RoCE = 5.74% (EBIT 5.01b / Capital Employed (Equity 53.0b + L.T.Debt 34.1b))
RoIC = 4.95% (NOPAT 4.76b / Invested Capital 96.0b)
WACC = 6.59% (E(132b)/V(167b) * Re(7.62%) + D(35.3b)/V(167b) * Rd(2.90%) * (1-Tc(0.05)))
Discount Rate = 7.62% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 77.78 | Cagr: 0.24%
[DCF] Terminal Value 75.91% ; FCFF base≈4.92b ; Y1≈5.09b ; Y5≈5.72b
[DCF] Fair Price = 57.87 (EV 88.4b - Net Debt 34.5b = Equity 54.0b / Shares 932.3m; r=8.35% [WACC [floored]]; 5y FCF grow 3.66% → 2.50% )
EPS Correlation: 37.30 | EPS CAGR: 3.78% | SUE: 0.93 | # QB: 2
Revenue Correlation: 91.09 | Revenue CAGR: 5.27% | SUE: 0.73 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.78 | Chg30d=+1.64% | Revisions=N/A | Analysts=4
EPS current Year (2026-12-31): EPS=2.87 | Chg30d=+0.00% | Revisions=N/A | GrowthEPS=-17.3% | GrowthRev=+6.4%
EPS next Year (2027-12-31): EPS=3.36 | Chg30d=-1.19% | Revisions=N/A | GrowthEPS=+16.8% | GrowthRev=+5.7%