PLD Stock Analysis: Prologis | NYSE
REIT - Industrial | NYSE, USA | Market Cap: 124.603m USD | 12M Return: 15% | US74340W1036 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 465M
EPS Trend: 68.3%
Qual. Beats: 0
Rev. Trend: 91.8%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Prologis, Inc. (NYSE: PLD) is a leading industrial real estate investment trust (REIT) that develops, owns, and operates logistics and distribution facilities worldwide. Founded in 1983 and incorporated in Maryland, the company went public in 1994 and is classified within the Real Estate sector as an Industrial REIT. Prologis focuses on building and managing large-scale warehouse and distribution properties that support global supply chains, with an emphasis on sustainability and energy-efficient infrastructure. As a large-cap company with a market capitalization of approximately $124.6 billion USD, it operates as a specialized REIT, a structure that requires distributing the majority of taxable income to shareholders.
- Industrial REIT sees record leasing demand from e-commerce growth
- Data center expansion drives new warehouse leasing opportunities
- Interest rate cuts boost REIT valuation and cap rate spreads
- Logistics property development pipeline reaches $30B amid tight supply
| Net Income: 4.21b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -0.11 > 1.0 |
| NWC/Revenue: -8.32% < 20% (prev -9.68%; Δ 1.36% < -1%) |
| CFO/TA 0.05 > 3% & CFO 5.24b > Net Income 4.21b |
| Net Debt (35.3b) to EBITDA (8.35b): 4.23 < 3 |
| Current Ratio: 0.70 > 1.5 & < 3 |
| Outstanding Shares: last quarter (957.9m) vs 12m ago 0.18% < -2% |
| Gross Margin: 29.05% > 18% (prev 75.35%; Δ -46.30% > 0.5%) |
| Asset Turnover: 9.25% > 50% (prev 8.76%; Δ 0.49% > 0%) |
| Interest Coverage Ratio: 5.35 > 6 (EBIT TTM 5.62b / Interest Expense TTM 1.05b) |
| A: -0.01 (Total Current Assets 1.77b - Total Current Liabilities 2.53b) / Total Assets 101b |
| B: -0.01 (Retained Earnings -860.5m / Total Assets 101b) |
| C: 0.06 (EBIT TTM 5.62b / Avg Total Assets 99.4b) |
| D: 1.25 (Book Value of Equity 53.7b / Total Liabilities 42.9b) |
| Altman-Z'' = 1.62 = BB |
As of October 09, 2026, the stock is trading at USD 129.29 with a total of 4,211,648 shares traded. Over the past week, the price has changed by +0.87%, over one month by -5.90%, over three months by -7.58% and over the past year by +14.97%.
Current recommended Stop Loss: 126.30 (which is 2.3% or 1.4 ATR below the current price).
Prologis has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy PLD.
- StrongBuy: 7
- Buy: 3
- Hold: 7
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 158.2 | 22.4% |
P/E Trailing = 28.5479
P/E Forward = 29.1545
P/S = 12.9022
P/B = 2.3724
P/EG = 116.6137
Revenue TTM = 9.19b USD
EBIT TTM = 5.62b USD
EBITDA TTM = 8.35b USD
Long Term Debt = 35.9b USD (from longTermDebt, last quarter)
Short Term Debt = 514.1m USD (from shortLongTermDebt, last quarter)
Debt = 37.1b USD (from shortLongTermDebtTotal, last quarter) + Leases 643.5m
Net Debt = 35.3b USD (calculated: Debt 37.1b - CCE 1.77b)
Enterprise Value = 160b USD (125b + Debt 37.1b - CCE 1.77b)
Interest Coverage Ratio = 5.35 (Ebit TTM 5.62b / Interest Expense TTM 1.05b)
EV/FCF = 30.51x (Enterprise Value 160b / FCF TTM 5.24b)
FCF Yield = 3.28% (FCF TTM 5.24b / Enterprise Value 160b)
FCF Margin = 57.03% (FCF TTM 5.24b / Revenue TTM 9.19b)
Net Margin = 45.79% (Net Income TTM 4.21b / Revenue TTM 9.19b)
Gross Margin = 29.05% ((Revenue TTM 9.19b - Cost of Revenue TTM 6.52b) / Revenue TTM)
Gross Margin QoQ = 17.31% (prev 10.12%)
Tobins Q-Ratio = 1.58 (Enterprise Value 160b / Total Assets 101b)
Interest Expense / Debt = 2.83% (Interest Expense 1.05b / Debt 37.1b)
Taxrate = 6.16% (293.4m / 4.77b)
NOPAT = 5.27b (EBIT 5.62b * (1 - 6.16%))
Current Ratio = 0.70 (Total Current Assets 1.77b / Total Current Liabilities 2.53b)
Debt / Equity = 0.69 (Debt 37.1b / totalStockholderEquity, last quarter 53.7b)
Debt / EBITDA = 4.23 (Net Debt 35.3b / EBITDA 8.35b)
Debt / FCF = 6.74 (Net Debt 35.3b / FCF TTM 5.24b)
Total Stockholder Equity = 53.3b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.24% (Net Income 4.21b / Total Assets 101b)
RoE = 7.90% (Net Income TTM 4.21b / Total Stockholder Equity 53.3b)
RoCE = 6.30% (EBIT 5.62b / Capital Employed (Equity 53.3b + L.T.Debt 35.9b))
RoIC = 5.38% (NOPAT 5.27b / Invested Capital 98.0b)
WACC = 6.20% (E(125b)/V(162b) * Re(7.26%) + D(37.1b)/V(162b) * Rd(2.83%) * (1-Tc(0.06)))
Discount Rate = 7.26% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 93.49 | Cagr: 0.18%
[DCF] Terminal Value 75.61% ; FCFF base≈5.21b ; Y1≈5.29b ; Y5≈5.73b
[DCF] Fair Price = 56.40 (EV 88.9b - Net Debt 35.3b = Equity 53.6b / Shares 950.3m; r=8.35% [WACC [floored]]; 5y FCF grow 1.32% → 2.50% )
EPS Correlation: 68.29 | EPS CAGR: 10.41% | SUE: 0.31 | # QB: 0
Revenue Correlation: 91.82 | Revenue CAGR: 5.75% | SUE: 1.12 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.78 | Chg30d=-1.68% | Revisions=+25% | Analysts=3
EPS current Year (2026-12-31): EPS=3.36 | Chg30d=+0.83% | Revisions=+25% | GrowthEPS=-3.3% | GrowthRev=+7.3%
EPS next Year (2027-12-31): EPS=3.33 | Chg30d=-2.11% | Revisions=+25% | GrowthEPS=-0.7% | GrowthRev=+6.6%
[Analyst] Revisions Ratio: +50% (up=3, down=0)