Prologis, Inc. (PLD)
- Previous Close
104.83 - Open
103.78 - Bid --
- Ask --
- Day's Range
102.40 - 104.59 - 52 Week Range
96.64 - 137.52 - Volume
4,770,765 - Avg. Volume
3,565,133 - Market Cap (intraday)
96.973B - Beta (5Y Monthly) 1.00
- PE Ratio (TTM)
31.36 - EPS (TTM)
3.29 - Earnings Date Jul 16, 2024 - Jul 22, 2024
- Forward Dividend & Yield 3.84 (3.72%)
- Ex-Dividend Date Mar 15, 2024
- 1y Target Est
139.11
Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At December 31, 2023, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.2 billion square feet (115 million square meters) in 19 countries. Prologis leases modern logistics facilities to a diverse base of approximately 6,700 customers principally across two major categories: business-to-business and retail/online fulfillment.
www.prologis.com2,574
Full Time Employees
December 31
Fiscal Year Ends
Sector
Industry
Recent News: PLD
Performance Overview: PLD
Trailing total returns as of 4/24/2024, which may include dividends or other distributions. Benchmark is .
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Statistics: PLD
Valuation Measures
Market Cap
95.45B
Enterprise Value
124.58B
Trailing P/E
31.36
Forward P/E
44.64
PEG Ratio (5yr expected)
0.53
Price/Sales (ttm)
12.24
Price/Book (mrq)
1.80
Enterprise Value/Revenue
15.53
Enterprise Value/EBITDA
18.97
Financial Highlights
Profitability and Income Statement
Profit Margin
37.35%
Return on Assets (ttm)
2.39%
Return on Equity (ttm)
5.87%
Revenue (ttm)
8.52B
Net Income Avi to Common (ttm)
3.17B
Diluted EPS (ttm)
3.29
Balance Sheet and Cash Flow
Total Cash (mrq)
500.59M
Total Debt/Equity (mrq)
51.14%
Levered Free Cash Flow (ttm)
--
Research Analysis: PLD
Company Insights: PLD
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Research Reports: PLD
Analyst Report: ProLogis
Prologis is a global industrial REIT that owns and manages space for warehouses, manufacturing, distribution, and large-scale storage. PLD has become the world's largest industrial REIT by focusing on business-to-business fulfillment and e-commerce. As of the end of 2023, the company's portfolio included 5,613 buildings with 1.2 billion square feet of space. The REIT has a presence in 19 countries. About 65% of the portfolio is in the U.S. and Mexico, with 20% in Europe, 7% in South America, and 9% in Asia. About 86% of current NOI comes from North American assets. The company's top tenants are Amazon, Home Depot, and FedEx, with Amazon accounting for about 5% of rental revenue. PLD partners with other companies in joint ventures to reduce risk, and its ownership share of total square footage is about 65%. About one-fifth of properties have at least 500,000 square feet of space. PLD has faced pressure from an oversupply of warehouse space due to slowing sales at online retailers. In response, the company has focused on customized facilities. In 1Q23, all new development projects were customized and 99% of total units were leased or in negotiations. As of 1Q24, about 43% of new developments were built-to-suit. Management estimates that the weighted-average stabilized yield of new assets was about 6.3% in 2023. The company has about 2,500 employees and a market cap of $96 billion. It is ranked in the top 100 of the S&P 500 as measured by market cap.
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Analyst Report: Prologis, Inc.
Prologis was formed by the June 2011 merger of AMB Property and Prologis Trust. The company develops, acquires, and operates around 1.2 billion square feet of high-quality industrial and logistics facilities across the globe. The company also has a strategic capital business segment that has around $60 billion of third-party AUM. The company is organized into four global divisions (Americas, Europe, Asia, and other Americas) and operates as a real estate investment trust.
RatingPrice TargetAnalyst Report: Prologis, Inc.
Prologis was formed by the June 2011 merger of AMB Property and Prologis Trust. The company develops, acquires, and operates around 1.2 billion square feet of high-quality industrial and logistics facilities across the globe. The company also has a strategic capital business segment that has around $60 billion of third-party AUM. The company is organized into four global divisions (Americas, Europe, Asia, and other Americas) and operates as a real estate investment trust.
RatingPrice Target