Prologis (PLD) is trading down at $127.35 (-1.04%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Real Estate sector.
| FY2016Dec 2016 | FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $2.53B | $2.62B | $2.80B | $3.33B | $4.44B | $4.76B | $5.97B | $8.02B | $8.20B | $8.79B |
| Growth (year over year) | +64.9% | +3.4% | +7.1% | +18.8% | +33.3% | +7.2% | +25.5% | +34.3% | +2.2% | +7.2% |
| Operating income | $668.4M | $1.95B | $1.69B | $1.85B | $2.12B | $3.21B | $3.47B | $3.71B | $4.42B | $4.36B |
| Operating margin | 26.4% | 74.6% | 60.2% | 55.5% | 47.7% | 67.4% | 58.0% | 46.2% | 53.8% | 49.6% |
| Net income | $1.21B | $1.65B | $1.65B | $1.57B | $1.48B | $2.94B | $3.36B | $3.06B | $3.73B | $3.33B |
| Net margin | 47.8% | 63.1% | 58.8% | 47.2% | 33.4% | 61.8% | 56.3% | 38.1% | 45.5% | 37.9% |
| EPS (diluted) | $2.27 | $3.06 | $2.87 | $2.46 | $2.01 | $3.94 | $4.25 | $3.29 | $4.01 | $3.56 |
| Balance sheet | ||||||||||
| Cash and equivalents | $807.3M | $447.0M | $343.9M | $1.09B | $598.0M | $556.0M | $278.0M | $530.0M | $1.32B | $1.15B |
| Total assets | $30.2B | $29.5B | $38.4B | $40.0B | $56.1B | $58.5B | $87.9B | $93.0B | $95.3B | $98.7B |
| Total liabilities | $11.8B | $10.8B | $12.6B | $14.0B | $19.7B | $20.7B | $30.0B | $35.2B | $36.7B | $41.0B |
| Long-term debt | $10.6B | $9.41B | $11.1B | $11.9B | $16.8B | $215.3M | $23.9B | $29.0B | $30.9B | $35.0B |
| Shareholders' equity | $15.0B | $15.6B | $22.3B | $22.7B | $32.0B | $33.4B | $53.2B | $53.2B | $54.0B | $53.2B |
| Cash flow | ||||||||||
| Operating cash flow | $1.42B | $1.69B | $1.80B | $2.26B | $2.94B | $3.00B | $4.13B | $5.37B | $4.91B | $5.01B |
| Capital expenditure | $101.7M | $110.6M | $93.1M | — | — | — | — | — | — | — |
| Free cash flow | $1.32B | $1.58B | $1.71B | — | — | — | — | — | — | — |
| Dividends paid | $893.5M | $942.9M | $1.12B | $1.35B | $1.72B | $1.87B | $2.49B | $3.23B | $3.57B | $3.76B |
| Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $2.01B | $2.04B | $2.20B | $2.14B | $2.18B | $2.21B | $2.25B | $2.30B |
| Growth (year over year) | −18.1% | +6.4% | +16.5% | +9.4% | +8.8% | +8.7% | +2.4% | +7.4% |
| Operating income | $1.02B | $1.25B | $1.42B | $878.4M | $912.7M | $940.3M | $1.63B | $1.21B |
| Operating margin | 51.0% | 61.4% | 64.6% | 41.1% | 41.8% | 42.5% | 72.2% | 52.7% |
| Net income | $861.3M | $1.01B | $1.28B | $593.0M | $571.2M | $764.3M | $1.40B | $982.0M |
| Net margin | 42.9% | 49.4% | 58.1% | 27.7% | 26.2% | 34.5% | 62.1% | 42.7% |
| EPS (diluted) | $0.92 | $1.08 | $1.38 | $0.63 | $0.61 | $0.82 | $1.50 | $1.05 |
| Balance sheet | ||||||||
| Cash and equivalents | $598.3M | $780.9M | $1.32B | $671.1M | $1.07B | $1.19B | $1.15B | $861.1M |
| Total assets | $93.5B | $95.9B | $95.3B | $96.0B | $97.7B | $98.3B | $98.7B | $98.1B |
| Total liabilities | $35.6B | $38.2B | $36.7B | $37.9B | $40.4B | $41.1B | $41.0B | $40.2B |
| Long-term debt | $29.9B | $32.3B | $30.9B | $32.3B | $34.7B | $35.3B | $35.0B | $34.7B |
| Shareholders' equity | $53.3B | $53.1B | $54.0B | $53.5B | $52.7B | $52.6B | $53.2B | $53.5B |
| Cash flow | ||||||||
| Operating cash flow | $1.09B | $1.43B | $1.34B | $1.16B | $1.24B | $1.45B | $1.16B | $1.29B |
| Dividends paid | $892.8M | $892.9M | $893.0M | $939.9M | $941.6M | $941.3M | $942.0M | $1.00B |
From Prologis's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
Prologis, Inc. is a real estate investment trust headquartered in San Francisco, California that invests in logistics facilities. The company was formed through the merger of AMB Property Corporation and Prologis in June 2011, which made Prologis the largest industrial real estate company in the world. As of 2025, the company operates more than 15,000 land acres and over 6,000 buildings comprising about 1.3 billion square feet in 20 countries across North America, Latin America, Europe, and Asia. According to The Economist, its business strategy is focused on warehouses that are located close to huge urban areas where land is scarce. It serves about 6,600 tenants. Prologis began to expand its non-real estate business, Essentials, in 2018, offering customers solar power, racking systems, forklifts, generators, EV charging infrastructure, and other logistics tech equipment for purchase.
What Makes Prologis (PLD) a Strong Investment?
What Makes Prologis (PLD) a Strong Investment?
Prologis Sees Leasing Surge, Data Centers Fuel Growth Outlook
Prologis Sees Leasing Surge, Data Centers Fuel Growth Outlook
Prologis Acquires 69 Acres For 1M SF Chicago-Area Industrial Development
Prologis Acquires 69 Acres For 1M SF Chicago-Area Industrial Development
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How Prologis Conquered The World
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Is Prologis Stock Outperforming the S&P 500?
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Berenberg downgrades Segro stock rating to hold on Prologis deal
Why is Prologis stock sliding today?
Why is Prologis stock sliding today?
Prologis announces 15 million share stock offering
Prologis announces 15 million share stock offering