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Prologis Inc PLD

Morningstar Rating
$109.40 +0.24 (0.22%)
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Company Report

Lower Net Absorption for US Industrial Space Should Weigh on Prologis; FVE Down to $120

Prologis acquires, develops, owns, and operates industrial properties that are strategically located in markets characterized by large population densities, growing consumption, and high barriers to entry, typically near large labor pools and extensive transportation infrastructure. The firm's strategy is to leverage the organizational scale of its 1.2 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 $37 billion of new industrial projects in upcoming years.

Price vs Fair Value

PLD is trading at a 68% premium.
Price
$109.16
Fair Value
$227.00
Uncertainty
Medium
1-Star Price
$458.00
5-Star Price
$29.00
Economic Moat
Tdfg
Capital Allocation
Nvsgtqjj

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. Prologis’ recent acquisition of Duke Realty has given it an 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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News

Trading Information

Previous Close Price
$109.16
Day Range
$108.46109.96
52-Week Range
$96.64137.52
Bid/Ask
$108.04 / $110.00
Market Cap
$101.29 Bil
Volume/Avg
6.7 Mil / 4.3 Mil

Key Statistics

Price/Earnings (Normalized)
40.69
Price/Sales
12.66
Dividend Yield (Trailing)
3.35%
Dividend Yield (Forward)
3.52%
Total Yield
3.35%

Company Profile

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.
Sector
Real Estate
Industry
REIT - Industrial
Stock Style Box
Large Core
Total Number of Employees
2,574

Competitors

Valuation

Metric
PLD
EXR
PSA
Price/Earnings (Normalized)
40.6932.5224.64
Price/Book Value
1.902.349.16
Price/Sales
12.6610.4311.23
Price/Cash Flow
19.4119.1615.99
Price/Earnings
PLD
EXR
PSA

Financial Strength

Metric
PLD
EXR
PSA
Quick Ratio
0.180.920.54
Current Ratio
0.321.000.54
Interest Coverage
6.322.6010.03
Quick Ratio
PLD
EXR
PSA

Profitability

Metric
PLD
EXR
PSA
Return on Assets (Normalized)
3.99%4.47%11.70%
Return on Equity (Normalized)
6.89%9.62%38.84%
Return on Invested Capital (Normalized)
5.01%6.56%12.98%
Return on Assets
PLD
EXR
PSA
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Economic Moat
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