Prologis, Inc. logo PLD - Prologis, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 26
HOLD 15
SELL 1
STRONG
SELL
0
| PRICE TARGET: $145.57 DETAILS
HIGH: $161.00
LOW: $123.00
MEDIAN: $149.50
CONSENSUS: $145.57
DOWNSIDE: 0.93%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
Revenue
Revenue 8,790.1 8,201.6 8,023.5 5,973.7 4,759.4 4,438.7 3,330.6 2,804.4 2,618.1 2,533.1 2,197.1 1,760.8 1,750.5 2,006.0 1,533.3 633.5 633.8 715.0 669.7 729.9 676.1 665.7 615.0 615.8 600.8 477.7 448.2 358.9 56.1
Cost of Revenue 3,551.4 2,057.2 2,010.3 1,509.1 1,248.5 1,170.1 918.9 757.7 724.7 697.4 652.6 545.7 541.2 555.1 403.6 239.9 183.3 179.4 174.4 96.1 84.9 0 0 0 0 0 0 0 0
Gross Profit 5,238.7 6,144.4 6,013.1 4,464.6 3,511.0 3,268.6 2,411.7 2,046.8 1,893.5 1,835.8 1,544.5 1,215.1 1,209.3 1,405.5 1,018.1 600.3 435.2 514.2 496.9 615.2 562.0 0 0 0 0 0 0 0 0
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 106.4 0 0 0 0 0 0 0 0 0
SG&A Expenses 477.8 418.8 390.4 331.1 293.2 274.8 266.7 239.0 231.1 222.1 217.2 229.3 229.2 228.1 195.2 166.0 116.4 145.0 130.6 104.3 71.6 59.0 47.7 47.2 35.8 23.8 25.2 19.6 1.2
Other Expenses 1,224.8 1,309.7 1,914.9 666.0 10.8 874.8 295.2 119.8 (291.6) 945.3 947.1 665.9 675.6 1,084.4 728.2 1,047.8 184.0 164.7 169.5 156.3 238.1 228.9 173.5 137.7 120.0 141.5 140.0 145.9 32.5
Operating Expenses 1,702.7 1,728.4 2,305.3 997.1 304.0 1,149.7 561.9 358.8 (60.6) 1,167.4 1,164.3 895.3 904.9 1,312.5 923.3 1,213.8 300.4 309.7 300.1 366.9 309.7 287.9 221.3 184.9 155.8 165.2 165.2 165.5 33.7
Operating Income
Operating Income 3,536.1 4,415.9 3,707.8 3,467.5 3,207.0 2,118.9 1,849.8 1,688.0 1,954.0 668.4 380.2 319.8 304.4 93.0 94.8 (613.5) 134.7 204.4 196.8 248.3 252.3 276.5 268.6 295.6 294.7 250.0 247.5 193.4 22.4
Interest Expense 1,002.6 837.3 618.7 309.0 266.2 313.5 226.7 215.9 260.0 287.7 288.0 294.8 365.0 488.4 446.1 428.8 118.9 134.0 127.0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 (26.6) (22.6) 0 0 0 24.2 14.7 13.7 8.1 25.5 25.8 26.9 22.9 14.2 15.8 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 7,199.1 7,532.7 6,567.8 5,795.5 5,150.9 3,609.0 3,142.9 3,049.4 2,954.7 2,565.8 2,116.9 1,650.9 1,365.2 1,153.1 776.8 (846.5) 310.1 368.6 361.2 434.6 432.6 711.7 587.1 893.4 812.3 691.2 652.7 250.9 92.4
EBIT 4,573.0 4,952.2 4,082.9 3,982.7 3,572.9 2,047.0 2,003.0 2,102.2 2,075.6 1,634.8 1,236.6 1,008.4 701.2 385.6 172.9 (1,203.2) 134.7 204.4 198.9 248.3 252.3 564.4 442.2 753.5 703.8 601.0 588.2 193.4 88.5
Income Before Tax 3,769.3 4,114.9 3,464.2 3,690.8 3,322.8 1,747.1 1,776.4 1,886.3 1,815.6 1,347.1 948.6 713.6 336.3 (89.6) (242.7) 27.1 (43.0) (49.3) 314.3 224.1 257.8 125.5 134.0 124.2 138.0 121.8 176.1 112.6 18.2
Income Tax Expense 204.0 166.9 211.0 135.4 174.3 130.5 74.5 63.3 54.6 54.6 23.1 (25.7) 106.7 3.6 1.8 (30.5) 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Income 3,410.7 3,731.6 3,059.2 3,364.9 2,939.7 1,481.8 1,573.0 1,649.4 1,652.3 1,209.9 869.4 636.2 342.9 (39.7) (153.4) 27.1 (34.3) (49.9) 314.3 224.1 257.8 125.5 134.0 124.2 138.0 121.8 176.1 112.6 18.2
Per Share Data
EPS (Basic) 3.57 4.03 3.30 4.15 3.86 1.97 2.41 2.91 3.10 2.29 1.66 1.25 0.65 -0.09 -0.41 0.06 -0.26 -0.51 3.04 2.39 2.98 1.44 1.44 0.75 1.43 1.35 1.94 1.27 1.39
EPS (Diluted) 3.54 4.01 3.29 4.13 3.84 1.95 2.40 2.79 3.06 2.27 1.64 1.24 0.64 -0.09 -0.41 0.06 -0.26 -0.51 2.96 2.30 2.85 1.39 1.41 0.75 1.41 1.35 1.94 1.26 1.38
Shares Outstanding 938.4 926.2 947.7 808.9 760.3 749.1 649.1 567.4 530.4 526.1 521.2 499.6 486.1 459.9 370.5 162.0 129.9 97.3 97.2 87.7 84.0 82.2 81.1 83.8 84.0 83.9 86.4 85.9 85.9
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997
Current Assets
Cash & Cash Equivalents 1,145.6 1,318.6 530.4 278.5 556.1 598.1 1,088.9 343.9 447.0 807.3 187.2 223.9 109.4 127.7 89.3 73.1 20.4 33.3 25.1 40.0
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 0 624.5 554.3 637.9 593.2 380.4 242.1 239.5 239.1 241.5 156.0 160.5 122.8 131.6 87.3 158.0 69.9 0 0 0
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 203.3 248.5 461.7 531.3 669.7 1,070.7 720.7 622.3 342.1 322.1 18.9 52.6 (232.2) (259.3) (176.7) (231.1) (90.2) (33.3) (19.9) (40.0)
Total Current Assets 1,349.0 2,422.9 1,795.0 1,687.1 1,972.6 2,187.9 2,161.3 1,314.3 1,130.4 1,523.4 362.0 437.0 0 0 0 0 0 0 0 0
Non-Current Assets
Property, Plant & Equipment 80,400.2 920.1 891.7 855.3 577.4 610.5 593.8 112.2 109.8 102.8 0 0 6,053.0 5,069.9 4,560.2 4,265.1 3,849.1 3,145.9 3,425.7 2,438.8
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0 764.5 1,010.6 1,183.0 552.5 726.8 314.2 450.7 202.1 267.9 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 11,093.9 10,079.4 9,544.0 9,698.9 8,611.0 7,602.0 6,237.4 5,745.3 5,496.4 4,230.4 6,271.4 6,673.5 55.2 52.0 64.4 71.1 248.1 66.4 57.7 0
Other Non-Current Assets 5,881.1 81,138.6 79,778.3 74,467.4 46,763.8 44,932.2 30,720.6 30,786.5 22,528.8 24,111.3 208.5 191.1 (6,108.2) (5,121.9) (4,624.7) (4,336.2) (4,097.2) (3,212.3) (3,483.4) (2,438.8)
Total Non-Current Assets 97,375.3 92,906.0 91,225.9 86,210.4 56,513.6 53,877.1 37,870.6 37,103.4 28,350.7 28,726.6 6,479.9 6,864.6 0 0 0 0 0 0 0 0
Total Assets 98,724.3 95,328.9 93,020.8 87,897.4 58,486.2 56,065.0 40,031.8 38,417.7 29,481.1 30,249.9 6,842.0 7,293.3 6,386.9 5,420.7 4,992.5 4,760.9 4,425.6 3,621.6 3,562.9 2,506.3
Current Liabilities
Account Payables 0 1,769.3 1,766.0 1,711.9 1,252.8 1,143.4 705.0 760.5 702.8 556.2 238.7 282.8 180.9 148.0 140.5 73.3 0 0 0 0
Short-Term Debt 0 225.0 979.3 1,538.5 491.4 171.8 184.3 50.5 317.4 35.0 0 0 0 0 0 0 0 0 14.1 19.4
Deferred Revenue 0 475.3 377.1 329.8 186.4 168.0 118.1 96.2 87.1 111.9 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 5,933.2 2.0 14.2 4.5 10.6 16.2 (31.6) 13.0 0 0 0 0 (222.0) (187.1) (181.7) 0 0 0 (14.1) (57.5)
Total Current Liabilities 5,933.2 2,642.3 3,289.1 3,699.6 2,033.7 1,609.5 1,125.0 991.0 1,174.4 787.6 284.8 286.2 0 0 0 0 0 0 0 0
Non-Current Liabilities
Long-Term Debt 35,037.1 30,654.3 28,021.2 22,337.5 17,223.7 16,677.3 11,721.6 11,039.3 9,095.2 10,573.3 3,212.6 3,990.2 3,257.2 2,574.3 2,235.4 2,143.7 1,836.3 1,270 1,368.2 666.3
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 0 2,800.2 3,289.3 3,358.5 1,038.2 798.7 523.7 490.3 418.5 319.0 53.3 59.1 (3,257.2) (2,574.3) (2,235.4) (2,143.7) (1,836.3) (1,270) (1,368.2) (666.3)
Total Non-Current Liabilities 35,037.1 34,069.8 31,908.1 26,334.8 18,710.3 18,130.9 12,835.1 11,625.8 9,600.9 11,004.2 3,265.9 4,049.3 0 0 0 0 0 0 0 0
Total Liabilities 40,970.2 36,712.1 35,197.1 30,034.4 20,744.0 19,740.4 13,960.1 12,616.8 10,775.3 11,791.8 3,550.6 4,326.0 3,519.5 2,761.4 2,417.1 2,274.3 1,836.3 1,270.0 1,368.2 773.1
Stockholders' Equity
Common Stock 9.3 9.3 9.2 9.2 7.4 7.4 6.3 6.3 5.3 5.3 1.5 1.0 0.8 0.8 0.8 0.8 0.8 0.9 0.9 0.9
Retained Earnings (1,360.2) (465.9) (627.1) (457.7) (1,327.8) (2,394.7) (2,151.2) (2,378.5) (2,904.5) (3,610.0) (29.0) 26.9 0 0 6.6 27.6 36.1 47.1 0 0
Accumulated Other Comprehensive Income (178.5) (120.2) (514.2) (443.6) (878.3) (1,193.7) (990.4) (1,084.7) (901.7) (937.5) 3.8 22.0 (1.0) 1.5 0.0 0 (3.7) 29.0 0 0
Total Stockholders' Equity 53,193.2 53,951.1 53,181.7 53,237.3 33,426.9 31,971.5 22,653.1 22,298.1 15,631.2 14,991.1 2,940.0 2,516.1 1,671.1 1,666.9 1,684.2 1,752.3 1,767.9 1,829.3 1,765.4 1,668.0
Total Liabilities & Equity 98,724.3 95,328.9 93,020.8 87,897.4 58,486.2 56,065.0 40,031.8 38,417.7 29,481.1 30,249.9 6,842.0 7,293.3 6,386.9 5,420.7 4,992.5 4,760.9 4,425.6 3,621.6 3,562.9 2,506.3
Debt Metrics
Total Debt 35,037.1 31,494.6 29,598.1 24,514.8 18,163.5 17,336.0 12,377.5 11,089.8 9,412.6 10,608.3 3,212.6 3,990.2 3,257.2 2,574.3 2,235.4 2,143.7 1,836.3 1,270 1,382.3 685.7
Net Debt 33,891.4 30,176.0 29,067.7 24,236.3 17,607.4 16,738.0 11,288.7 10,746.0 8,965.6 9,801.0 3,025.4 3,766.2 3,147.8 2,446.6 2,146.0 2,070.6 1,815.9 1,236.7 1,362.4 645.7
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997
Operating Activities
Net Income 3,410.7 3,947.9 3,059.2 3,555.4 3,148.6 1,616.6 1,701.8 1,823.0 1,761.0 1,292.5 167.6 95.4 96.5 124.2 137.3 121.8 170.0 112.6 18.2
Depreciation & Amortization 2,626.0 2,580.5 2,484.9 1,812.8 1,577.9 1,562.0 1,139.9 947.2 879.1 931.0 180.3 160.0 133.5 134.7 111.4 96.3 67.5 57.5 4.2
Stock-Based Compensation 185.5 231.7 267.6 175.4 113.0 109.8 97.6 76.1 76.6 60.3 0 0 0 0 0 0 0 0 0
Change in Working Capital 0 (126.5) 70.1 (26.2) (165.9) (18.8) 18.6 (82.7) 42.8 (65.0) (27.3) (0.2) (7.1) (1.4) 13.1 23.5 (9.7) 11.0 (9.6)
Other Non-Cash Items (1,218.0) (1,742.6) (526.5) (1,403.5) (1,679.0) (333.3) (706.1) (961.4) (1,067.2) (796.3) (24.8) 39.2 48.6 31.3 26.7 19.6 (37.4) (3.9) (0.5)
Operating Cash Flow 5,008.4 4,912.2 5,373.1 4,126.4 2,996.0 2,937.0 2,264.0 1,803.6 1,687.2 1,417.0 295.8 294.4 271.5 288.8 288.6 261.2 190.4 177.2 12.3
Investing Activities
Capital Expenditure 0 0 0 (550.6) (499.0) (1,248.3) (322.3) (915.7) (110.6) (101.7) (1,086.6) (996.2) (761.1) (563.1) (624.7) (799.0) (579.8) (564.3) (226.9)
Acquisitions 0 71.4 64.1 (365.4) (739.8) (1,823.7) 113.3 199.9 (415.2) 510.6 0 0 0 (356.0) 0 0 (7.8) (67.4) (5.9)
Purchases of Investments (176.7) (3.0) (2.2) (3.5) (16.5) (9.0) (30.4) (11.7) (5.1) 101.7 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 4.9 16.0 37.1 59.3 3.3 2.4 23.6 29.4 7.5 79.8 0 0 0 0 0 0 0 0 0
Other Investing Activities (3,458.6) (3,183.5) (6,518.4) (3,638.9) (738.0) 4.3 (469.6) 34.3 1,066.6 661.7 1,026.2 267.8 413.1 600.6 261.5 72.5 651.3 (164.5) 0
Investing Cash Flow (3,630.4) (3,099.1) (6,419.4) (4,499.1) (1,990.1) (3,074.3) (685.4) (663.8) 543.3 1,252.0 (60.4) (728.4) (348.0) (318.5) (363.2) (726.5) 63.7 (796.2) (232.8)
Financing Activities
Net Debt Issuance 0 2,856.3 4,915.8 3,029.6 1,360.9 1,031.3 802.7 59.0 (875.8) (898.3) 206.1 447.5 287.1 26.8 292.1 416.2 (152.3) 462.5 (31.6)
Stock Repurchased 0 (30.5) (24.5) (27.7) 0 (34.8) 0 0 (13.2) 0 0 0 (193.1) (69.5) (147.3) 0 0 0 0
Dividends Paid (3,764.7) (3,570.5) (3,228.6) (2,494.7) (1,872.9) (1,723.0) (1,345.7) (1,123.4) (942.9) (893.5) (154.1) (146.0) (152.2) (112.1) (142.0) (130.7) (160.6) (114.7) (16.4)
Other Financing Activities 2,201.1 (255.2) (342.4) (391.4) (497.1) 359.4 (302.7) (174.7) (807.5) (373.2) (274.7) 80.4 60.0 225.8 127.5 103.3 14.4 (34.2) (0.1)
Financing Cash Flow (1,563.6) (1,000.0) 1,320.3 115.8 (1,008.3) (372.2) (839.6) (1,232.1) (2,606.6) (2,125.5) (101.9) 409.7 112.0 45.9 127.3 452.4 (240.7) 604.2 257.4
Cash Position
Net Change in Cash (172.9) 788.2 251.9 (277.6) (42.0) (490.8) 745.0 (103.2) (360.3) 543.2 123.5 (18.3) 38.3 16.3 52.7 (13.0) 13.4 (14.8) 36.9
Cash at Beginning 1,318.6 530.4 278.5 556.1 598.1 1,088.9 343.9 447.0 807.3 264.1 109.4 127.7 89.3 73.1 20.4 33.3 19.9 40.0 3.1
Cash at End 1,145.6 1,318.6 530.4 278.5 556.1 598.1 1,088.9 343.9 447.0 807.3 232.9 109.4 127.7 89.3 73.1 20.4 33.3 25.1 40.0
Free Cash Flow 5,008.4 4,912.2 5,373.1 3,575.8 2,497.1 1,688.7 1,941.7 887.9 1,576.6 1,315.3 (790.8) (701.8) (489.6) (274.3) (336.1) (537.8) (389.4) (387.1) (214.6)
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
Income Statement
Revenue 8,790.1 8,201.6 8,023.5 5,973.7 4,759.4 4,438.7 3,330.6 2,804.4 2,618.1 2,533.1 2,197.1 1,760.8 1,750.5 2,006.0 1,533.3 633.5 633.8 715.0 669.7 729.9 676.1 665.7 615.0 615.8 600.8 477.7 448.2 358.9 56.1
Gross Profit 5,238.7 6,144.4 6,013.1 4,464.6 3,511.0 3,268.6 2,411.7 2,046.8 1,893.5 1,835.8 1,544.5 1,215.1 1,209.3 1,405.5 1,018.1 600.3 435.2 514.2 496.9 615.2 562.0 0 0 0 0 0 0 0 0
Operating Income 3,536.1 4,415.9 3,707.8 3,467.5 3,207.0 2,118.9 1,849.8 1,688.0 1,954.0 668.4 380.2 319.8 304.4 93.0 94.8 (613.5) 134.7 204.4 196.8 248.3 252.3 276.5 268.6 295.6 294.7 250.0 247.5 193.4 22.4
Net Income 3,410.7 3,731.6 3,059.2 3,364.9 2,939.7 1,481.8 1,573.0 1,649.4 1,652.3 1,209.9 869.4 636.2 342.9 (39.7) (153.4) 27.1 (34.3) (49.9) 314.3 224.1 257.8 125.5 134.0 124.2 138.0 121.8 176.1 112.6 18.2
EPS (Diluted) 3.54 4.01 3.29 4.13 3.84 1.95 2.40 2.79 3.06 2.27 1.64 1.24 0.64 -0.09 -0.41 0.06 -0.26 -0.51 2.96 2.30 2.85 1.39 1.41 0.75 1.41 1.35 1.94 1.26 1.38
Balance Sheet
Cash & Equivalents 1,145.6 1,318.6 530.4 278.5 556.1 598.1 1,088.9 343.9 447.0 807.3 187.2 223.9 109.4 127.7 89.3 73.1 20.4 33.3 25.1 40.0
Total Assets 98,724.3 95,328.9 93,020.8 87,897.4 58,486.2 56,065.0 40,031.8 38,417.7 29,481.1 30,249.9 6,842.0 7,293.3 6,386.9 5,420.7 4,992.5 4,760.9 4,425.6 3,621.6 3,562.9 2,506.3
Total Debt 35,037.1 31,494.6 29,598.1 24,514.8 18,163.5 17,336.0 12,377.5 11,089.8 9,412.6 10,608.3 3,212.6 3,990.2 3,257.2 2,574.3 2,235.4 2,143.7 1,836.3 1,270 1,382.3 685.7
Stockholders' Equity 53,193.2 53,951.1 53,181.7 53,237.3 33,426.9 31,971.5 22,653.1 22,298.1 15,631.2 14,991.1 2,940.0 2,516.1 1,671.1 1,666.9 1,684.2 1,752.3 1,767.9 1,829.3 1,765.4 1,668.0
Cash Flow
Operating Cash Flow 5,008.4 4,912.2 5,373.1 4,126.4 2,996.0 2,937.0 2,264.0 1,803.6 1,687.2 1,417.0 295.8 294.4 271.5 288.8 288.6 261.2 190.4 177.2 12.3
Capital Expenditure 0 0 0 (550.6) (499.0) (1,248.3) (322.3) (915.7) (110.6) (101.7) (1,086.6) (996.2) (761.1) (563.1) (624.7) (799.0) (579.8) (564.3) (226.9)
Free Cash Flow 5,008.4 4,912.2 5,373.1 3,575.8 2,497.1 1,688.7 1,941.7 887.9 1,576.6 1,315.3 (790.8) (701.8) (489.6) (274.3) (336.1) (537.8) (389.4) (387.1) (214.6)