Symbol: PLD
CIK: 1045609
Exchange: NYSE
Founded: 1983 (43 years)
HQ: San Francisco, CA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Large-Cap
REIT Sector: Industrial
See PLD on Yahoo Finance
See PLD on SEC.gov
Prologis, Inc. (NYSE: PLD) is a publicly traded real estate investment trust (REIT) focused on logistics real estate. The company acquires, develops and manages industrial properties—primarily distribution centers and warehouses—located near major population and transportation hubs to serve customers across supply chains, e-commerce, retail and third‑party logistics. Prologis pursues a strategy that emphasizes high‑quality, well‑located assets, long‑term leases and development activity to generate rental income and capital appreciation. As a global logistics landlord, it leverages scale in property management, customer relationships and development execution. Key investment considerations include exposure to trends in e‑commerce and supply‑chain reshoring, steady cash flow from leased assets, and sensitivity to macroeconomic cycles, real estate fundamentals and interest‑rate environments. Prologis is widely regarded as one of the largest industrial REITs and is traded under the ticker PLD on the New York Stock Exchange.
PLD closed at $126.69, down 0.61% from the previous close; volume of 4,235,804 shares was modestly above its reported average of about 3.85 million. The most notable company news was an update to FY 2026 earnings guidance, though the available results do not establish it as the cause of the decline. [web:2][web:3] Forward annualized dividend: $4.28 per share; forward dividend yield: 3.4%. REITRating™: 8.91/10.
Disclaimer: AI-generated REIT market summary currently in beta testing. Information is provided for informational purposes only and may contain inaccuracies or delays. Last update: 2026-10-23 PSTBelow are the latest PLD dividend details. Annualized Dividend projects the current dividend rate over a full year, while TTM Dividend shows the total dividends paid over the past 12 months. The Ex-Dividend Date is the cutoff to qualify for the next dividend, and the Dividend Date is when that payment is made.
Below are the most recent cash dividends paid by PLD. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.
| Symbol | Ex Date | Cash Amount | Change in Dividend | Declaration Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| PLD | 2026-09-16 | 1.070 | --- | 2026-09-02 | 2026-09-16 | 2026-09-30 |
| PLD | 2026-06-16 | 1.070 | --- | 2026-04-28 | 2026-06-16 | 2026-06-30 |
| PLD | 2026-03-17 | 1.070 | 5.94% | 2026-02-12 | 2026-03-17 | 2026-03-31 |
| PLD | 2025-12-16 | 1.010 | --- | 2025-12-03 | 2025-12-16 | 2025-12-31 |
| PLD | 2025-09-16 | 1.010 | --- | 2025-08-29 | 2025-09-16 | 2025-09-30 |
| PLD | 2025-06-17 | 1.010 | --- | 2025-05-08 | 2025-06-17 | 2025-06-30 |
| PLD | 2025-03-18 | 1.010 | 5.21% | 2025-02-20 | 2025-03-18 | 2025-03-31 |
| PLD | 2024-12-16 | 0.960 | --- | 2024-12-04 | 2024-12-16 | 2024-12-31 |
| PLD | 2024-09-16 | 0.960 | --- | 2024-09-03 | 2024-09-16 | 2024-09-30 |
| PLD | 2024-06-17 | 0.960 | --- | 2024-05-09 | 2024-06-17 | 2024-06-28 |
| PLD | 2024-03-15 | 0.960 | 10.34% | 2024-02-22 | 2024-03-18 | 2024-03-29 |
| PLD | 2023-12-15 | 0.870 | --- | 2023-12-07 | 2023-12-18 | 2023-12-29 |
*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes.
Below are the FFO amounts, dividends, payout ratios, and P/FFO for the last two quarters for PLD. Compare FFO to other REITs at REITFFO.
| Year | Quarter | Type | Amount | Dividend Paid | Payout Ratio | Annualized P/FFO |
|---|---|---|---|---|---|---|
| 2026 | Q2 | Core FFO | $1.63 | $1.07 | 65.64% | 20.78x |
| 2026 | Q1 | Core FFO | $1.42 | $1.07 | 75.35% | 23.27x |
REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information. The “Payout Ratio” is calculated by dividing the “Dividends Paid” column by the “FFO Amount” column. Some REITs may have two types of FFO (eg. FFO and Modified FFO) while others may have just one type of FFO.
Sample of REIT’s Properties. Image Source - REIT’s website
Below are PLD’s reported occupancy rates for the two most recent quarters, allowing you to quickly track changes in portfolio occupancy over time.
| Year | Quarter | Occupancy |
|---|---|---|
| 2026 | Q2 | 95% |
| 2026 | Q1 | 95.4% |
Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.
Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.
| With $1,000 USD | With $500 USD | With $250 USD | With $100 USD | With $50 USD | |
|---|---|---|---|---|---|
| Initial investment | @ $125.77 per share you would have been able to buy 7 shares of PLD on 2025-10-23 costing $880.39 | @ $125.77 per share you would have been able to buy 3 shares of PLD on 2025-10-23 costing $377.31 | @ $125.77 per share you would have been able to buy 1 shares of PLD on 2025-10-23 costing $125.77 | @ $125.77 per share you would have been able to buy 0 shares of PLD on 2025-10-23 costing $0.00 | @ $125.77 per share you would have been able to buy 0 shares of PLD on 2025-10-23 costing $0.00 |
| Current worth | On 2026-10-22 these 7 shares would be worth $886.83 @ $126.69 | On 2026-10-22 these 3 shares would be worth $380.07 @ $126.69 | On 2026-10-22 these 1 shares would be worth $126.69 @ $126.69 | On 2026-10-22 these 0 shares would be worth $0.00 @ $126.69 | On 2026-10-22 these 0 shares would be worth $0.00 @ $126.69 |
| Dividends earned | $29.54 in dividends would have been earned since 2025-10-23 with 7 shares. | $13 in dividends would have been earned since 2025-10-23 with 3 shares. | $4.22 in dividends would have been earned since 2025-10-23 with 1 shares. | $0.00 in dividends would have been earned since 2025-10-23 with 0 shares. | $0.00 in dividends would have been earned since 2025-10-23 with 3 shares. |
| Net (gain / loss)* | 35.98 USD | 15.42 USD | 5.14 USD | 0.00 USD | 0.00 USD |
| ROI** | 4.09% | 4.09% | 4.09% | 0.00% | 0.00% |
*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.
| Assets | 2026-09-30 | 2026-06-30 | QoQ |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents at Carrying Value | 0 | 0 | |
| Short-Term Investments | 0 | 0 | |
| Cash and Short Term Investments | 0 | 0 | |
| Current Net Receivables | 0 | 0 | |
| Inventory | 0 | 0 | |
| Other Current Assets | 0 | 0 | |
| Total Current Assets | 0 | 0 | 0.0% |
| Non-Current Assets | |||
| Property Plant Equipment | 0 | 0 | |
| Accumulated Depreciation Amortization PPE | 0 | 0 | |
| Long-Term Investments | 0 | 0 | |
| Investments | 0 | 0 | |
| Intangible Assets Excluding Goodwill | 0 | 0 | |
| Goodwill | 0 | 0 | |
| Intangible Assets | 0 | 0 | |
| Other Non-Current Assets | 0 | 0 | |
| Total Non-Current Assets | 0 | 0 | 0.0% |
| Total Assets | 0 | 0 | 0.0% |
| Liabilities | |||
| Current Liabilities | |||
| Current Accounts Payable | 0 | 0 | |
| Deferred Revenue | 0 | 0 | |
| Current Debt | 0 | 0 | |
| Short-Term Debt | 0 | 0 | |
| Current Long-Term Debt | 0 | 0 | |
| Short Long-Term Debt Total | 0 | 0 | |
| Other Current Liabilities | 0 | 0 | |
| Total Current Liabilities | 0 | 0 | 0.0% |
| Non-Current Liabilities | |||
| Long-Term Debt Noncurrent | 0 | 0 | |
| Long-Term Debt | 0 | 0 | |
| Capital Lease Obligations | 0 | 0 | |
| Other Non-Current Liabilities | 0 | 0 | |
| Total Non-Current Liabilities | 0 | 0 | |
| Total Liabilities | 0 | 0 | 0.0% |
| Shareholders' Equity | |||
| Common Stock | 0 | 0 | |
| Common Stock Shares Outstanding | 968,511,000 | 957,884,000 | |
| Treasury Stock | 0 | 0 | |
| Retained Earnings | 0 | 0 | |
| Total Shareholder Equity | 0 | 0 | 0.0% |
Amounts in USD ($)