PLD

PrologisNYSE · Industrial REITs · Real Estate

Previous close

133.74

Change

−2.10 / −1.55%

FinDog View

Neutral

52-Week Range

111.03 – 153.35

P/E (TTM)

31.2

Forward P/E

42.4

Based on consensus earnings for the next 12 months

Market Cap

$130B

−4.89%

S&P 500 −2.41% over same period

Volume / Avg Volume

2.9M / 3.2M

0.92× average

Price History

Closing price · USD1M 6M 1Y 5Y

Historical P/E

Close ÷ trailing four-quarter EPS · Period median 35.61M 6M 1Y 5Y

Recent Earnings

Click to read the FinDog analysis

Period	Reported	Revenue	EPS Actual / Est.	Next-Day Move	Analysis
FY2026 Q2 Quarter ended 2026-06	2026-07-16	$2.4B	1.63 / 0.80	−0.18%	Pending
FY2026 Q1 Quarter ended 2026-03	2026-04-16	—	— / —	+2.06%	Pending
FY2025 Q4 Quarter ended 2025-12	2026-01-21	—	— / —	−3.41%	Pending
FY2025 Q3 Quarter ended 2025-09	2025-10-15	—	— / —	−1.30%	Pending
FY2025 Q2 Quarter ended 2025-06	2025-07-16	—	— / —	−3.39%	Pending
FY2025 Q1 Quarter ended 2025-03	2025-04-16	—	— / —	+1.80%	Pending

Decision Panel

Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market data

Valuation

P/E is at percentile 24 of its 5-year rangeCheap

5-year range 26.4 – 41.1 · Median 35.6

Last 4 quarters: $0 in buybacks + $3.8B in dividends, 2.95% of market cap combined

P/E (TTM)

31.2

P/B

2.5

P/S

14.3

Dividend Yield

3.11%

Earnings Reaction

Over the last 6 reports, the stock moved ±2.0% on average on the first trading day after, rising 2 times

Most recent −0.18%

Volatility & Correlation

1-year beta 0.46 · Correlation with S&P 500 0.28Low beta

Annualized volatility 21% vs. 13% for the S&P 500

Insider Trading

View all →

Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions

Buy 0 · $0.00MSell 1 · $7.5MNet selling $7.5M

07-16Moghadam HamidDirectorSell$7.5M50,000 shares · Avg price 149.91

Multi-Quarter Financial Trends

View all quarters →

Last 12 quarters · As reported by the company

Quarter	Revenue ($B)	YoY	Gross Margin	Operating Income ($B)	Net Income ($B)	Free Cash Flow ($B)	EPS
FY2026 Q1	2.30	+7.4%	—	1.21	0.98	1.29	1.05
FY2025 Q4	2.25	+2.4%	—	1.63	—	1.16	1.49
FY2025 Q3	2.21	+8.7%	—	0.94	0.76	1.45	0.82
FY2025 Q2	2.18	+8.8%	—	0.91	0.57	1.24	0.61
FY2025 Q1	2.14	+9.4%	—	0.88	0.59	1.16	0.63
FY2024 Q4	2.20	+16.5%	—	1.42	—	1.34	1.37
FY2024 Q3	2.04	+6.4%	—	1.25	1.01	1.43	1.08
FY2024 Q2	2.01	−18.1%	—	1.02	0.86	1.09	0.92
FY2024 Q1	1.96	+10.6%	—	0.72	0.59	1.06	0.63
FY2023 Q4	1.89	+7.9%	—	0.83	—	1.07	0.68
FY2023 Q3	1.91	+9.4%	—	0.88	0.75	1.97	0.80
FY2023 Q2	2.45	+95.8%	—	1.41	1.22	1.22	1.31

Peers

Largest by market cap in the sector · Latest quarterView Real Estate sector →

Ticker	Company	Market Cap	P/E	Revenue YoY	Gross Margin	1M	View
PLD	Prologis	$130B	31.2	+7.4%	—	−4.89%	Neutral
WELL	Welltower	$170B	109.5	+49.1%	26.1%	−0.34%	Neutral	Compare
EQIX	Equinix	$100B	64.8	+16.4%	53.1%	−7.42%	Neutral	Compare
AMT	American Tower	$82.2B	24.4	−13.4%	—	+2.42%	Neutral	Compare
DLR	Digital Realty	$67.2B	82.6	+16.2%	—	−8.51%	Neutral	Compare
SPG	Simon Property Group	$65.7B	14.3	+19.5%	—	−8.45%	Neutral	Compare
O	Realty Income	$54.1B	43.8	+9.7%	—	−8.41%	Neutral	Compare
PSA	Public Storage	$55.1B	27.1	+2.6%	—	−9.14%	Neutral	Compare
VTR	Ventas	$45.4B	175.7	+21.7%	—	−3.25%	Neutral	Compare

The View in One Line

FY2026 Q1 revenue $2.3 billion, YoY and gross margin missing, no EPS data; stock down 4.89% for the month, news mostly conference and dividend information, Neutral.

Updated 2026-09-16

Notable Institutional Holders

Citadel Advisors · Ken Griffin$78.8MAdded +16%
Bridgewater Associates · Ray Dalio$1.0M

As of 2026-06-30

Key Events

08-06Capital Actions
Underwriters Exercise Over-Allotment Option, Adding 2.25 Million Shares
Prologis underwriters exercised their over-allotment option to purchase an additional 2.25 million common shares, with net proceeds of approximately $312.2 million, expected to settle August 7.Source ↗
08-05Capital Actions
Prologis Raises 15 Million Shares, Raising About $2.1 Billion
On August 4, Prologis entered into an underwriting agreement for a public offering of 15 million shares, raising about $2.1 billion in net proceeds, and granted an over-allotment option of 2.25 million shares, with closing expected August 5.Source ↗
08-04M&A / Contracts
Prologis to Acquire All SEGRO Shares
On August 4, 2026, Prologis announced an acquisition of all SEGRO shares for 0.0920 new shares each plus up to approximately £3.5 billion in cash.Source ↗
07-01Management Change
Prologis Appoints Alfred F. Kelly, Jr. as Director
On June 29, 2026, the Prologis board appointed Alfred F. Kelly, Jr. as an independent director, joining the Governance and Nominating Committee.Source ↗
06-24M&A / Contracts
Prologis Proposes All-Stock Acquisition of SEGRO, Rejected by SEGRO Board
Prologis sent a letter to SEGRO on June 16 proposing an all-stock acquisition offer, which the SEGRO board explicitly rejected on June 23; Prologis must announce a firm intention to make an offer or walk away by July 22.Source ↗
06-11Capital Actions
Prologis Subsidiary Issues ¥45 Billion in Notes
Prologis' Japanese subsidiary issued ¥45 billion in notes across three tranches due 2030, 2035 and 2041, with net proceeds of about ¥44.7 billion to repay debt.Source ↗
04-30Governance
Prologis Annual Meeting Voting Results Announced
At the April 28, 2026 annual meeting, 11 directors were elected, 2025 executive compensation was approved, and KPMG was reappointed as 2026 auditor.Source ↗
04-27Capital Actions
Prologis Issues C$850 Million Notes Due 2034
Prologis' operating partnership priced C$850 million of 4.250% notes due 2034 on April 20, 2026, with net proceeds of approximately C$839.9 million for general corporate purposes.Source ↗

Key Financial Trends

Quarterly Revenue ($B)2.3

Free Cash Flow ($B)1.3