Prologis, Inc.

Symbol: PLD
CIK: 1045609
Exchange: NYSE
Founded: 1983 (36 years)
HQ: San Francisco, CA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Large-Cap
REIT Sector: Industrial

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See PLD on SEC.gov

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Overall Score: 9.4

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Hightlights of Trading Day October 18, 2019


Open Price: $89.65
Closing Price: $89.61
Price Change: 0.45 (0.505%)
Lowest Price: $89.07
Highest Price: $89.91

52-Week Low: $55.21
52-Week High: $89.61
52-Week Change: 42.08%

5 Day Price Change: 3.87%
1 Month Price Change: 4.18%
3 Month Price Change: 8.17%
6 Month Price Change: 21.19%
YTD Price Change: 56.34%
1 Year Price Change: 41.37%
2 Year Price Change: 38.64%
5 Year Price Change: 128.09%

Dividend of Trading Day October 18, 2019


Dividend Yield: 2.366%*
Annualized Dividend: $2.12*
Dividend Yield (TTM): 2.31%
Annualized Dividend (TTM): $2.07
Ex Dividend Date: 2019-09-19
Dividend Frequency: Quarterly

*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.

Latest News Headlines


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Funds From Operations (FFO)


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Key Stats of Trading Day October 18, 2019


Total Cash: $343,856,000
Current Debt: $273,056,000
Revenue: $2,804,449,000
Gross Profit: $1,099,547,000
Total Revenue: $2,804,449,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $1,794,216,000
Revenue Per Share: $4
Revenue Per Employee: $1,734,353
Employee: 1,617
Debt to Equity Ratio (D/E): 0.50
Profit Margin: 0.59%
Enterprise Value (EV): $64,922,072,360
Enterprise Value to Revenue (EV/R): 23.15
Price to Sales (P/S): 19.32
Price to Book (P/B): 2.43
Peg Ratio: -9.87
P/E Ratio: 31.73
P/E High: 31.72
P/E Low: 20.14
Forward P/E Ratio: 40.49
Market Capitalization: $56,555,469,690
Beta: 0.67
Latest Volume: 1,728,826.00
Avg. Total Volume: 1,996,145
Avg. 10 Volume: 1,695,697.00
Avg. 30 Volume: 1,996,144.63
TTM EPS: 2.82
TTM Dividend Rate: 2.07
Shares Outstanding: 631,129,000
Float: 627,334,021.32
50-Day Moving Avg.: 84.53
200-Day Moving Avg.: 76.74

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Properties Owned by PLD


Properties owned:
3771
Types:
1
States:
27
Countries:
19
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
PLD Sample Property
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Occupancy Rate


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Dividend History


Below are the most recent cash dividends paid by PLD, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

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Amounts in USD ($)

Balance Sheet 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Current Cash 401,190,000 251,030,000 343,856,000 275,562,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 5,813,582,000 5,613,060,000 5,768,025,000 5,618,178,000
Property, Plant & Equipment Net 394,603,000 383,704,000 112,211,000 0
Goodwill 0 0 0 0
Intangible Assets 0 0 1,159,915,000 0
Other Assets 2,287,543,000 2,617,231,000 855,057,000 2,540,073,000
Net Tangible Assets 22,330,808,000 22,334,483,000 22,298,093,000 22,030,599,000
Total Assets 38,706,750,000 38,392,112,000 38,417,664,000 38,268,162,000
Accounts Payable 0 0 0 0
Liabilities (Other) 1,557,827,000 1,861,912,000 1,438,098,000 1,598,378,000
Current Liabilities (Other) 0 0 0 0
Total Current Liabilities 0 0 0 0
Current Long-term Debt 15,627,000 252,693,000 273,056,000 2,919,000
Long-term Debt 11,332,965,000 10,453,446,000 10,816,759,000 11,229,210,000
Total Liabilities 12,929,317,000 12,568,051,000 12,616,776,000 12,830,507,000
Minority Interest 25,550,000 25,219,000 92,430,000 27,684,000
Common Stock 6,311,000 6,307,000 6,296,000 6,295,000
Retained Earnings -2,317,008,000 -2,366,015,000 -2,378,467,000 -2,672,736,000
Treasury Stock 0 0 0 0
Capital Surplus 25,651,666,000 25,654,449,000 25,685,987,000 25,674,657,000
Shareholder Equity 22,330,808,000 22,334,483,000 22,298,093,000 22,030,599,000

Income Statement (Quarterly)

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Amounts in USD ($)

Income Statement 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Total Revenue 790,372,000 772,052,000 807,085,000 682,432,000
Cost of Revenue 502,720,000 510,135,000 506,892,000 435,276,000
Gross Profit 287,652,000 261,917,000 300,193,000 247,156,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 568,996,000 579,836,000 563,590,000 497,520,000
Operating Income 217,861,000 188,382,000 241,080,000 181,521,000
Income Expense Net (Other) 219,597,000 198,895,000 468,128,000 207,955,000
EBIT 217,861,000 188,382,000 241,080,000 181,521,000
Interest Income 59,122,000 60,507,000 62,380,000 64,186,000
Pretax Income 437,458,000 387,277,000 709,208,000 389,476,000
Income Tax 26,632,000 13,512,000 18,718,000 13,956,000
Minority Interest 25,550,000 25,219,000 92,430,000 27,684,000
Net Income 385,276,000 348,546,000 598,060,000 347,836,000
Net Income Basic 383,784,000 347,047,000 596,568,000 346,345,000

Cash Flow

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Amounts in USD ($)

Cash Flow 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Net Income 385,276,000 348,546,000 598,060,000 347,836,000
Depreciation 284,376,000 284,009,000 286,758,000 252,702,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 150,160,000 -92,826,000 68,294,000 -252,268,000
Cash Flow 508,607,000 494,914,000 529,641,000 500,694,000
Capital Expenditures -69,034,000 -53,950,000 -74,274,000 -61,036,000
Investments -11,311,000 232,352,000 33,482,000 -351,012,000
Investing Activity (Other) 0 -28,524,000 -5,352,000 -2,385,000
Total Investing Cash Flows -130,994,000 125,954,000 21,574,000 -406,856,000
Dividends Paid -336,269,000 -336,094,000 -303,791,000 -304,331,000
Net Borrowings 145,518,000 -297,908,000 -124,671,000 20,827,000
Cash Flow Financing -232,138,000 -714,949,000 -484,275,000 -339,322,000
Financing Cash Flows (Other) -43,277,000 -83,429,000 -57,551,000 -56,649,000
Exchange Rate Effect 4,685,000 1,255,000 1,354,000 -6,784,000

About Prologis, Inc.


Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of June 30, 2017, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 684 million square feet (64 million square meters) in 19 countries. Prologis leases modern distribution facilities to a diverse base of approximately 5,200 customers across two major categories: business-to-business and retail/online fulfillment.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
10 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.3
8 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 4.4
9 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 8.8
9 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.5
9 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 8.7
Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.1
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.9
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 8.0
8 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.3
9 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.2
10 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.0
Rating Asset & Revenue Section Avg. Rating
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.9
10 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.2
Rating Properties Section Avg. Rating
9 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 8.2
10 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.3
10 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.1
9.4 Overall REITRating™ Score 6.6

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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