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Prologis Inc PLD

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Stock XNYS Rating as of
$128.18 −1.66 (1.28%)
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Prologis Remains the Gold-Standard of Industrial REITs

Kevin Brown

Prologis acquires, develops, owns, and operates industrial properties that are strategically located in markets characterized by high population densities, growing consumption, and high barriers to entry, typically near large labor pools and extensive transportation infrastructure. The company's strategy is to leverage the organizational scale of its 1.3 billion-square-foot portfolio to provide a single point of contact to address the logistical needs of its multimarket clientele. The firm's strategically located global land bank has the potential to support the lucrative development of approximately $42 billion of new industrial projects in the coming years.

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Price vs Fair Value

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PLD is trading at a LOCK|fz#MYZ premium.
Price
$128.18
Fair Value
LOCK|lL
Uncertainty
LOCK|xkfF?
1-Star Price
LOCK|LJ
5-Star Price
Py
Economic Moat
LOCK|!#
Capital Allocation
LOCK|Fv^lJcc

Bulls Say, Bears Say

Bulls

Prologis has the biggest portfolio of well-located industrial properties and is in the best position to capitalize on e-commerce demand. It has unrivaled scale in the industry.

Bears

Industrial facilities are largely commoditized and easily replicable. New construction is quick to negate any imbalances in supply and demand in the long run.

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Trading Information

Previous Close Price
$129.84
Day Range
$127.29–128.93
52-Week Range
$111.03–153.35
Bid/Ask
$128.20 / $129.61
Shares Outstanding
950.33M
Market Cap
$121.81B
Volume/Avg
5M / 4M

Key Statistics

Price/Earnings (Normalized)
45.12
Price/Sales
13.36
Dividend Yield (Trailing)
3.29%
Dividend Yield (Forward)
3.34%
Dividend Payment Schedule
Mar, Jun, Sep, Dec
Total Yield
3.29%

Company Profile

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.
Sector
Real Estate
Industry
REIT - Industrial
Stock Style Box
Large Value
Total Number of Employees
2,802
Website
https://www.prologis.com

Competitors

Valuation

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Metric
PLD
COLD
PSA
Price/Earnings (Normalized)
 45.1269.6527.90
Price/Book Value
 2.231.6310.30
Price/Sales
 13.361.5110.23
Price/Cash Flow
 22.319.9015.61
Price/Earnings
PLD
COLD
PSA

Financial Strength

Metric
PLD
COLD
PSA
Quick Ratio
 0.580.410.66
Current Ratio
 0.740.410.66
Interest Coverage
 5.68−2.017.18
Quick Ratio
PLD
COLD
PSA

Profitability

Metric
PLD
COLD
PSA
Return on Assets (Normalized)
 4.64%0.20%10.07%
Return on Equity (Normalized)
 8.64%0.55%41.26%
Return on Invested Capital (Normalized)
 5.96%2.28%11.55%
Return on Assets
PLD
COLD
PSA

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LOCK|Mw%^?Q%LOCK|<^<$4B

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