Prologis owns, develops and operates logistics real estate, mostly modern warehouses and distribution centres close to ports, airports and large population centres. Its tenants include retailers, e-commerce firms, manufacturers and logistics companies. It operates in the Americas, Europe and Asia, and besides holding properties directly, it manages investment ventures that own buildings alongside outside investors, earning fees for doing so.
As a real estate investment trust, Prologis collects revenue mostly as rent paid by tenants, with extra fees from managing its co-investment ventures. The last twelve months brought $8.9 billion, and growth over the last three years was 13.7% a year. The operating margin is 52.4%, and the business earns a profit of 5% on the capital invested in it. It has net debt of 4.7 times EBITDA. The company pays a dividend with a yield of 3.4%. On the site's X-Ray Score it receives 42 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
52-wk range $116.59 – $152.14Volume 5,791,770Daily, split-adjusted
Vitals
Market cap$120.4B
52-week range$116.59 – $152.14
Volume (last day)5,791,770
P/E (TTM)31.7
EBIT / EV yield2.9%
Free-cash-flow yield–
Dividend yield3.4%
Revenue (TTM)$8.9B
Net income (TTM)$3.8B
Operating margin52.4%
Return on capital4.8%
Debt incl. leases$35.3B
Cash & securities$861M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
Not rated
REIT valuation (FFO multiples + DDM) not built yet: not rated
What this means
Read the lenses below
A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Real Estate peers. Open a lens to see the numbers behind it.
ValuationWeak
31/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield2.9%
GrowthFair
56/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)13.7%
EPS growth (3y)-5.7%
Growth consistency90%
ProfitabilityWeak
41/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital4.8%
Operating margin52.4%
Financial healthWeak
38/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score4 / 9
Net debt / EBITDA4.7×
Interest cover4.6×
DividendsFair
54/100
Dividend is typical for its sector.
See the numbers →
Dividend yield3.4%
Dividend growth14.7%
Quarterly results: last 6 quarters
+16.5%Dec '24
+9.4%Mar '25
+8.8%Jun '25
+8.7%Sep '25
+2.4%Dec '25
+7.4%Mar '26
Revenue against the same quarter a year earlier. Latest quarter revenue $2.3B, diluted EPS $1.05.
Fundamentals checklist
● 3 Good · ● 2 Average · ● 5 Bad
Cash quality
Earnings backed by cashBad
Risk models
Piotroski F-ScoreBad
Growth
EPS growth (3y)Average
Revenue growth (3y)Good
Growth consistencyBad
Balance sheet
Net debt / EBITDAAverage
Interest coverGood
Valuation
EBIT / EV yieldBad
Profitability
Return on invested capitalBad
Operating marginGood
Each check is graded against the company's sector, not a fixed number. Checklist score 43/100.
Financials
FY21
FY22
FY23
FY24
FY25
Revenue
$4.8B
$6.0B
$8.0B
$8.2B
$8.8B
Operating income
$3.2B
$3.5B
$3.7B
$4.4B
$4.4B
Net income
$2.9B
$3.4B
$3.1B
$3.7B
$3.3B
Operating cash flow
$3.0B
$4.1B
$5.4B
$4.9B
$5.0B
Operating margin
67.4%
58.0%
46.2%
53.8%
49.6%
Free cash flow
–
–
–
–
–
Diluted EPS
$3.94
$4.25
$3.29
$4.01
$3.56
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bearish
3 bullish · 1 neutral · 12 bearish
Weekly
Bearish
3 bullish · 1 neutral · 8 bearish
Monthly
Neutral
4 bullish · 1 neutral · 3 bearish
Moving averages (daily)
SMA 10
129.2
Bearish
EMA 10
129.3
Bearish
SMA 20
130.8
Bearish
EMA 20
130.7
Bearish
SMA 50
135.1
Bearish
EMA 50
134.1
Bearish
SMA 100
138.6
Bearish
EMA 100
135.9
Bearish
SMA 200
136.2
Bearish
EMA 200
133.6
Bearish
Oscillators (daily)
RSI (14)
34.34
Neutral
MACD (12, 26)
-1.97
Bearish
Momentum (12)
-3.15
Bearish
Stochastic %K (14)
7.77
Bullish
Williams %R (14)
-92.23
Bullish
CCI (20)
-123.5
Bullish
Pivot points (classic, last session)
S3
120.4
S2
122.6
S1
124.2
Pivot
126.4
R1
128.0
R2
130.2
R3
131.8
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
4.22 USD
Yield on today's price
3.36%
Frequency
Quarterly
Next ex-dividend date
Not announced
Ex-dividend date
Amount per share
16 Sep 2026
1.0700
16 Jun 2026
1.0700
17 Mar 2026
1.0700
16 Dec 2025
1.0100
16 Sep 2025
1.0100
17 Jun 2025
1.0100
18 Mar 2025
1.0100
16 Dec 2024
0.9600
16 Sep 2024
0.9600
17 Jun 2024
0.9600
15 Mar 2024
0.9600
15 Dec 2023
0.8700
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.