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Prologis Inc.
as of 08-24-2026 3:51pm EST
Prologis was formed by the 2011 merger of AMB Property and Prologis Trust. The company develops, acquires, and operates around 1.3 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 assets under management. The company is organized into four global divisions (Americas, Europe, Asia, and other Americas) and operates as a real estate investment trust.
| Founded: | 1983 | Country: | United States |
| Employees: | N/A | City: | SAN FRANCISCO |
| Market Cap: | 126.3B | IPO Year: | 1997 |
| Target Price: | $140.78 | AVG Volume (30 days): | 4.3M |
| Analyst Decision: | Buy | Number of Analysts: | 18 |
| Dividend Yield: | Dividend Payout Frequency: | annual | |
| EPS: | 1.05 | EPS Growth: | -11.22 |
| 52 Week Low/High: | $110.51 - $153.35 | Next Earning Date: | 04-16-2026 |
| Revenue: | $8,790,127,000 | Revenue Growth: | 7.18% |
| Revenue Growth (this year): | 1.15% | Revenue Growth (next year): | 6.12% |
| P/E Ratio: | 135.05 | Index: | |
| Free Cash Flow: | N/A | FCF Growth: | N/A |
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Earnings Transcripts
SEC 8-K filings with transcript text
2026 Q2 Q2 2026 Earnings
8-K SELL Jul 16, 2026 · 100% conf.
Q2 2026 Earnings
8-K SELLJul 16, 2026 · 100% conf.
1D
-1.75%
$147.32
Act: -0.16%
5D
-2.33%
$146.46
Act: -3.24%
20D
+0.21%
$150.27
Act: -5.83%
EX-99.1
2 pld-ex99_1.htm
EX-99.1
Prologis Supplemental Information SECOND QUARTER 2026 Unaudited Prologis Park Illingen, Illingen, Germany
Contents Highlights 3 Company Profile 5 Company Performance 7 Prologis Leading Indicators and Proprietary Metrics 8 Guidance Financial Information 9 Consolidated Balance Sheets 10 Consolidated Statements of Income 11 Reconciliations of Net Earnings to FFO 12 Reconciliations of Net Earnings to Adjusted EBITDA Operations 13 Overview 14 Operating Metrics 16 Operating Portfolio 19 Customer Information Capital Deployment 20 Overview 21 Development Stabilizations 22 Development Starts 23 Development Portfolio 24 Third-Party Acquisitions 25 Dispositions and Contributions 26 Land Portfolio 28 Solar and Energy Storage Portfolios Strategic Capital 29 Overview 30 Summary of Co-Investment Ventures 31 Operating and Balance Sheet Information of the Unconsolidated Co-Investment Ventures 32 Non-GAAP Pro-Rata Financial Information Capitalization 33 Overview 34 Debt Components - Consolidated 35 Debt Components - Noncontrolling Interests and Unconsolidated Net Asset Value 36 Components Notes and Definitions 38 Notes and Definitions
$40.6B Build Out of Land (TEI) * This is a non-GAAP financial measure. Please see our Notes and Definitions for further explanation. NOI calculation based on Prologis Share of the Operating Portfolio. Overview Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At June 30, 2026, 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 1.3 billion square feet (122 million square meters) in 20 countries. Prologis leases modern logistics facilities to a diverse base of approximately 6,500 customers principally across two major categories: business-to-business and retail/online fulfillment. 5,929 Buildings 1.3B Square Feet Europe 264M SF 9% of NOI*(A) Asia 116M SF 2% of NOI*(A) U.S. 810M SF 84% of NOI*(A) Other Americas 127M SF 5% of NOI*(A)
Company Profile Highlights OPERATIONS $7.0B in annual NOI*(A) DEVELOPMENT $740M in value creation from stabilizations(C) GROSS AUM $240B DATA CENTER POWER PIPELINE 5.8GW secured or in advanced stage(E) MARKET EQUITY $129B STRATEGIC CAPITAL $412M of fees and promotes(B) (D) (D) * This is a non-GAAP financial measure. Please see our Notes and Definitions for further explanation. Q2 2026 Prologis Share of NOI of the Operating Portfolio annualized. Q2 2026 third-party share of asset management fees annualized plus trailing twelve months third-party share of transactional fees and Net Promote Income (Expense). Prologis Share of trailing twelve month Estimated Value Creation from development stabilizations. Mexico is included in the U.S. as it is U.S. dollar functional. Our Power Pipeline is comprised of 1.6GW Secured Power (including 680MW under development) and 4.2GW Advanced Stage Power. Please see our Notes and Definitions for further explanation.
Company Performance Highlights NET EARNINGS ATTRIBUTABLE TO COMMON STOCKHOLDERS CORE FFO ATTRIBUTABLE TO COMMON STOCKHOLDERS/UNITHOLDERS* AFFO ATTRIBUTABLE TO COMMON STOCKHOLDERS/UNITHOLDERS* dollars in millions, except per share/unit data Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Rental and other revenues $ 2,183 $ 2,037 $ 4,321 $ 4,036 Strategic capital revenues 242 147 402 288 Total revenues 2,425 2,184 4,723 4,324 Net earnings attributable to common stockholders 1,061 570 2,041 1,161 Core FFO attributable to common stockholders/unitholders* 1,559 1,396 3,000 2,752 AFFO attributable to common stockholders/unitholders* 1,323 1,036 2,795 2,120 Adjusted EBITDA attributable to common stockholders/unitholders* 2,143 1,789 4,321 3,561 Estimated value creation from development stabilizations - Prologis Share 89 64 477 304 Common stock dividends and common limited partnership unit distributions 1,027 966 2,053 1,931 Per common share - diluted: Net earnings attributable to common stockholders $ 1.13 $ 0.61 $ 2.18 $ 1.25 Core FFO attributable to common stockholders/unitholders* 1.63 1.46 3.13 2.88 Core FFO attributable to common stockholders/unitholders, excluding Net Promote Income (Expense)* 1.60 1.47 3.12 2.91 Business line reporting: Real estate* 1.54 1.40 2.99 2.76 Strategic capital* 0.09 0.06 0.14 0.12 Core FFO attributable to common stockholders/unitholders* 1.63 1.46 3.13 2.88 Realized development gains, net of taxes* 0.09 0.01 0.39 0.04 Dividends and distributions per common share/unit 1.07 1.01 2.14 2.02 * This is a non-GAAP financial measure. Please see reconciliations from Net Earnings Attributable to Common Stockholders on page 8 and reference our Notes and Definitions for further explanation.
NET EARNINGS ATTRIBUTABLE TO COMMON STOCKHOLDERS in millions CORE FFO ATTRIBUTABLE TO COMMON STOCKHOLDERS/UNITHOLDERS* in millions AFFO ATTRIBUTABLE TO COMMON STOCKHOLDERS/UNITHOLDERS*
2026 Q1 Q1 2026 Earnings
8-K Apr 16, 2026
Q1 2026 Earnings
8-KApr 16, 2026
EX-99.1
2 pld-ex99_1.htm
EX-99.1
Prologis Supplemental Information FIRST QUARTER 2026 Unaudited Prologis Airport Center 4, West Palm Beach, Florida
Contents Highlights 3 Company Profile 5 Company Performance 7 Prologis Leading Indicators and Proprietary Metrics 8 Guidance Financial Information 9 Consolidated Balance Sheets 10 Consolidated Statements of Income 11 Reconciliations of Net Earnings to FFO 12 Reconciliations of Net Earnings to Adjusted EBITDA Operations 13 Overview 14 Operating Metrics 16 Operating Portfolio 19 Customer Information Capital Deployment 20 Overview 21 Development Stabilizations 22 Development Starts 23 Development Portfolio 24 Third-Party Acquisitions 25 Dispositions and Contributions 26 Land Portfolio 28 Solar and Energy Storage Portfolios Strategic Capital 29 Overview 30 Summary of Co-Investment Ventures 31 Operating and Balance Sheet Information of the Unconsolidated Co-Investment Ventures 32 Non-GAAP Pro-Rata Financial Information Capitalization 33 Overview 34 Debt Components - Consolidated 35 Debt Components - Noncontrolling Interests and Unconsolidated Net Asset Value 36 Components Notes and Definitions 38 Notes and Definitions
$41.5B Build Out of Land (TEI) * This is a non-GAAP financial measure. Please see our Notes and Definitions for further explanation. NOI calculation based on Prologis Share of the Operating Portfolio. Overview Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2026, 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 1.3 billion square feet (121 million square meters) in 20 countries. Prologis leases modern logistics facilities to a diverse base of approximately 6,500 customers principally across two major categories: business-to-business and retail/online fulfillment. 5,881 Buildings 1.3B Square Feet Europe 257M SF 9% of NOI*(A) Asia 115M SF 2% of NOI*(A) U.S. 804M SF 84% of NOI*(A) Other Americas 129M SF 5% of NOI*(A)
Company Profile Highlights OPERATIONS $6.9B in annual NOI*(A) DEVELOPMENT $715M in value creation from stabilizations(C) GROSS AUM $235B DATA CENTER POWER PIPELINE 5.6GW secured or in advanced stage(E) MARKET EQUITY $126B STRATEGIC CAPITAL $366M of fees and promotes(B) (D) (D) * This is a non-GAAP financial measure. Please see our Notes and Definitions for further explanation. Q1 2026 Prologis Share of NOI of the Operating Portfolio annualized. Q1 2026 third-party share of asset management fees annualized plus trailing twelve months third-party share of transactional fees and Net Promote Income (Expense). Prologis Share of trailing twelve month Estimated Value Creation from development stabilizations. Mexico is included in the U.S. as it is U.S. dollar functional. Our Power Pipeline is comprised of 1.7GW Secured Power (including 423MW under development) and 3.9GW Advanced Stage Power. Please see our Notes and Definitions for further explanation.
Company Performance Highlights NET EARNINGS ATTRIBUTABLE TO COMMON STOCKHOLDERS CORE FFO ATTRIBUTABLE TO COMMON STOCKHOLDERS/UNITHOLDERS* AFFO ATTRIBUTABLE TO COMMON STOCKHOLDERS/UNITHOLDERS* dollars in millions, except per share/unit data Three Months Ended March 31, 2026 2025 Rental and other revenues $ 2,137 $ 1,999 Strategic capital revenues 161 141 Total revenues 2,298 2,140 Net earnings attributable to common stockholders 980 592 Core FFO attributable to common stockholders/unitholders* 1,440 1,356 AFFO attributable to common stockholders/unitholders* 1,472 1,084 Adjusted EBITDA attributable to common stockholders/unitholders* 2,178 1,771 Estimated value creation from development stabilizations - Prologis Share 387 240 Common stock dividends and common limited partnership unit distributions 1,026 965 Per common share - diluted: Net earnings attributable to common stockholders $ 1.05 $ 0.63 Core FFO attributable to common stockholders/unitholders* 1.50 1.42 Core FFO attributable to common stockholders/unitholders, excluding Net Promote Income (Expense)* 1.52 1.43 Business line reporting: Real estate* 1.45 1.36 Strategic capital* 0.05 0.06 Core FFO attributable to common stockholders/unitholders* 1.50 1.42 Realized development gains, net of taxes* 0.30 0.03 Dividends and distributions per common share/unit 1.07 1.01 * This is a non-GAAP financial measure. Please see reconciliations from Net Earnings Attributable to Common Stockholders on page 8 and reference our Notes and Definitions for further explanation.
NET EARNINGS ATTRIBUTABLE TO COMMON STOCKHOLDERS in millions CORE FFO ATTRIBUTABLE TO COMMON STOCKHOLDERS/UNITHOLDERS* in millions AFFO ATTRIBUTABLE TO COMMON STOCKHOLDERS/UNITHOLDERS* in millions Highlights Company Performance DIVIDENDS AND DISTRIBUTIONS in millions * This is a non-GAAP financial measure. Please see reconciliations from Net Earnings Attributable to Common Stockholders on page 8
2025 Q4 Q4 2025 Earnings
8-K Jan 21, 2026
Q4 2025 Earnings
8-KJan 21, 2026
EX-99.1
2 pld-ex99_1.htm
EX-99.1
Prologis Supplemental Information FOURTH QUARTER 2025 Unaudited Prologis Park Bottrop, Bottrop, Germany
Contents Highlights 3 Company Profile 5 Company Performance 7 Prologis Leading Indicators and Proprietary Metrics 8 Guidance Financial Information 9 Consolidated Balance Sheets 10 Consolidated Statements of Income 11 Reconciliations of Net Earnings to FFO 12 Reconciliations of Net Earnings to Adjusted EBITDA Operations 13 Overview 14 Operating Metrics 16 Operating Portfolio 19 Customer Information Capital Deployment 20 Overview 21 Development Stabilizations 22 Development Starts 23 Development Portfolio 24 Third-Party Acquisitions 25 Dispositions and Contributions 26 Land Portfolio 28 Solar and Energy Storage Portfolios Strategic Capital 29 Overview 30 Summary and Financial Highlights 31 Operating and Balance Sheet Information of the Unconsolidated Co-Investment Ventures 32 Non-GAAP Pro-Rata Financial Information Capitalization 33 Overview 34 Debt Components - Consolidated 35 Debt Components - Noncontrolling Interests and Unconsolidated Net Asset Value 36 Components Notes and Definitions 38 Notes and Definitions
$42.6B Build Out of Land (TEI) * This is a non-GAAP financial measure. Please see our Notes and Definitions for further explanation. NOI calculation based on Prologis Share of the Operating Portfolio. Overview Prologis, Inc., is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At December 31, 2025, 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 1.3 billion square feet (121 million square meters) in 20 countries. Prologis leases modern logistics facilities to a diverse base of approximately 6,500 customers principally across two major categories: business-to-business and retail/online fulfillment. 5,882 Buildings 1.3B Square Feet Europe 255M SF 9% of NOI*(A) Asia 115M SF 1% of NOI*(A) U.S. 802M SF 85% of NOI*(A) Other Americas 128M SF 5% of NOI*(A)
Company Profile Highlights OPERATIONS $6.7B in annual NOI*(A) DEVELOPMENT $568M in value creation from stabilizations(C) GROSS AUM $230B PROLOGIS SHARE AUM $162B MARKET EQUITY $121B STRATEGIC CAPITAL $358M of fees and promotes(B) (D) (D) (D) * This is a non-GAAP financial measure. Please see our Notes and Definitions for further explanation. Q4 2025 Prologis Share of NOI of the Operating Portfolio annualized. Q4 2025 third-party share of asset management fees annualized plus trailing twelve months third-party share of transactional fees and Net Promote Income (Expense). Prologis Share of trailing twelve month Estimated Value Creation from development stabilizations. Mexico is included in the U.S. as it is U.S. dollar functional.
Company Performance Highlights NET EARNINGS ATTRIBUTABLE TO COMMON STOCKHOLDERS CORE FFO ATTRIBUTABLE TO COMMON STOCKHOLDERS/UNITHOLDERS* AFFO ATTRIBUTABLE TO COMMON STOCKHOLDERS/UNITHOLDERS* dollars in millions, except per share/unit data Three Months Ended December 31, Twelve Months Ended December 31, 2025 2024 2025 2024 Rental and other revenues $ 2,099 $ 1,947 $ 8,198 $ 7,530 Strategic capital revenues 154 254 592 672 Total revenues 2,253 2,201 8,790 8,202 Net earnings attributable to common stockholders 1,398 1,277 3,322 3,726 Core FFO attributable to common stockholders/unitholders* 1,384 1,435 5,561 5,305 AFFO attributable to common stockholders/unitholders* 1,152 1,303 4,335 4,422 Adjusted EBITDA attributable to common stockholders/unitholders* 2,002 2,112 7,431 7,162 Estimated value creation from development stabilizations - Prologis Share 95 298 568 773 Common stock dividends and common limited partnership unit distributions 968 917 3,866 3,667 Per common share - diluted: Net earnings attributable to common stockholders $ 1.49 $ 1.37 $ 3.56 $ 4.01 Core FFO attributable to common stockholders/unitholders* 1.44 1.50 5.81 5.56 Core FFO attributable to common stockholders/unitholders, excluding Net Promote Income (Expense)* 1.46 1.42 5.86 5.53 Business line reporting: Real estate* 1.39 1.34 5.58 5.25 Strategic capital* 0.05 0.16 0.23 0.31 Core FFO attributable to common stockholders/unitholders* 1.44 1.50 5.81 5.56 Realized development gains, net of taxes* 0.18 0.29 0.23 0.45 Dividends and distributions per common share/unit 1.01 0.96 4.04 3.84 * This is a non-GAAP financial measure. Please see reconciliations from Net Earnings Attributable to Common Stockholders on pages 8 and 9 and reference our Notes and Definitions for further explanation.
NET EARNINGS ATTRIBUTABLE TO COMMON STOCKHOLDERS in millions CORE FFO ATTRIBUTABLE TO COMMON STOCKHOLDERS/UNITHOLDERS* in millions AFFO ATTRIBUTABLE TO COMMON STOCKHOLDERS/UNITHOLDERS* in millions Highlights Company Performance DIVIDENDS AND DISTRIBUTIONS in millions * This is a non-GAAP financial measure. Please see reconciliations from Net Earnings Attributable to Common Stockhold
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The information presented on this page, "PLD Prologis Inc. - Stocks Price | History | Analysis", including historical data, forecasts, news, insider information, and predictions, is provided for educational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any securities. Decisions regarding investments should be made only after careful consideration and consultation with a qualified financial advisor. We do not endorse or guarantee the accuracy or reliability of the information provided, and we disclaim any liability for financial losses incurred as a result of decisions made based on the information presented.