Prologis: Raising Fair Value Estimate to $153 After a Fresh Look; Shares Attractive
We're transferring coverage of Prologis, the largest industrial REIT, to a new analyst.
Prologis Inc PLD
Bulls Say, Bears Say
Bulls
With power-ready land being scarce, higher data center demand near urban centers than we currently forecast allows the firm to improve its margin profile through development of its land portfolio or conversion of legacy warehouses into data centers.
Bears
A pullback in AI investment would materially dampen development yields on the growing data center pipeline.
News
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Gaming and Leisure Properties Enters Joint Venture with Prologis, Inc. to Develop the Former Hollywood Casino Joliet Site
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2027 Supply Chain Outlook: Fast Delivery & Energy Define Logistics Networks
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Prologis Sales Rise on Data Center, E-Commerce Demand
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Prologis Reports Third Quarter 2026 Results
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Prologis to Participate in BofA Securities 2026 Global Real Estate Conference
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Prologis to Announce Third Quarter 2026 Results October 15, 2026
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Prologis Declares Quarterly Dividend
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Prologis Currently Down Seven Days Straight, On Pace for Longest Losing Streak Since April 2024 — Data Talk
Trading Information
- Previous Close Price
- $129.65
- Day Range
- $127.59–129.20
- 52-Week Range
- $121.40–153.35
- Bid/Ask
- $127.10 / $133.00
- Shares Outstanding
- 950.51M
- Market Cap
- $122.69B
- Volume/Avg
- 4M / 4M
Key Statistics
- Price/Earnings (Normalized)
- 27.39
- Price/Sales
- 13.25
- Dividend Yield (Trailing)
- 3.27%
- Dividend Yield (Forward)
- 3.32%
- Dividend Payment Schedule
- Mar, Jun, Sep, Dec
- Total Yield
- 3.27%
Company Profile
Prologis is an industrial real estate investment trust that was formed as a result of the 2011 merger between AMB Property and Prologis Trust, forging the world’s largest owner and operator of logistics real estate across warehouses, distribution centers, and fulfillment facilities. The core business generates rental revenue by leasing logistics space to a diverse customer base of retailers, manufacturers, and e-commerce companies. As of September 2026, its portfolio of properties and development projects totaled about 1.3 billion square feet across 20 countries, concentrated near major population centers, ports, and transportation hubs, though the United States accounted for about 84% of net operating income.
- Sector
- Real Estate
- Industry
- REIT - Industrial
- Stock Style Box
- Large Value
- Total Number of Employees
- 2,802
- Website
- https://www.prologis.com
Competitors
Valuation
|
Metric
|
PLD
|
LINE
|
COLD
|
|---|---|---|---|
Price/Earnings (Normalized) | 27.39 | 42.94 | 73.43 |
Price/Book Value | 2.20 | 1.05 | 1.72 |
Price/Sales | 13.25 | 1.54 | 1.59 |
Price/Cash Flow | 22.04 | 8.67 | 10.44 |
Price/Earnings
PLD
LINE
COLD
Financial Strength
|
Metric
|
PLD
|
LINE
|
COLD
|
|---|---|---|---|
Quick Ratio | 0.64 | 0.62 | 0.41 |
Current Ratio | 0.79 | 0.78 | 0.41 |
Interest Coverage | 5.64 | 0.42 | −2.01 |
Quick Ratio
PLD
LINE
COLD
Profitability
|
Metric
|
PLD
|
LINE
|
COLD
|
|---|---|---|---|
Return on Assets (Normalized) | 4.70% | −0.12% | 0.20% |
Return on Equity (Normalized) | 8.74% | −0.28% | 0.55% |
Return on Invested Capital (Normalized) | 6.03% | 1.80% | 2.28% |
Return on Assets
PLD
LINE
COLD
REIT - Industrial Industry Comparables
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1-Day Chart
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United States