Key facts
- 52-week range (closes)
- $115.45 – $150.06 Lowest close Oct 14, 2025, highest Jul 16, 2026; 251 daily closes to Oct 13, 2026 from Dalsna Finance's price archive
- Fiscal year ends
- December Fiscal 2025 ended Dec 31, 2025, from SEC filings
- In the S&P 500 since
- Jul 17, 2003 · All S&P 500 changes
Prologis (PLD) is trading up at $127.47 (+2.72%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Real Estate sector.
Prologis revenue & net income history (FY2016–FY2025)
| 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. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
Prologis vs the Real Estate sector and the S&P 500
Prologis's latest reported figures next to the median of the other 29 S&P 500 Real Estate companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.
| Measure | Prologis | Real Estate (29 other S&P 500 companies) | S&P 500 (502 other companies) |
|---|---|---|---|
| Revenue growth, latest fiscal year | +7.2% | +5.1% | +7.0% |
| Net margin, latest fiscal year | 37.9% | 21.4% | 12.9% |
| Dividend per share, latest fiscal year | $0.03 | $3.22 | $2.40 |
| Share price change, 1 year | +0.2% | −3.2% | +7.5% |
Prologis: fiscal year ended December 2025, from its 10-K and 10-Q filings with the SEC. Medians computed October 20, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, Prologis included, are the last regular-session prices of October 20, 2026; the 1-year change compares that price with each company's last close on or before October 20, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 29/496, net margin 29/496, dividend per share 24/349, 1-year price change 29/488; the reasons below can overlap. 14 are left out of the price figure because our archive holds no comparable close for them; dividend medians are among the 24 sector and 349 S&P 500 companies reporting a per-share dividend. The S&P 500 price figure is the middle company's change, not the index's return.
About Prologis
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.
- Headquarters
- San Francisco, California From SEC filings, Oct 2026
Recent News (1)
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