Prologis, Inc. | REIT Profile

Symbol: PLD
CIK: 1045609
Exchange: NYSE
Founded: 1983 (39 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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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, 2022, 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 1.0 billion square feet (95 million square meters) in 19 countries. Prologis leases modern logistics facilities to a diverse base of approximately 5,800 customers principally across two major categories business to business and retail/online fulfillment.


Prologis, Inc. Company Logo

Stock Chart

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REITMovers


REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 3 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Close Previous Close Volume Change $ Change % Market Cap PE Ratio 52W High 52W Low Ytd Change
$102.20 $106.74 $101.79 $105.73 $104.16 $104.16 5,471,828 -$1.96 -1.88% $75,666,631,600 20.99 $172.20 $101.79 -38.85%

Last update: 2022-09-27 12:57:39 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 9.1

Hightlights of Trading Day September 27, 2022


Open Price: $105.73
Closing Price: $102.28
Price Change: -1.88 (-1.805%)
Lowest Price: $101.79
Highest Price: $106.74
52-Week Low: $101.79
52-Week High: $172.20
52-Week Change: -15.57%
5 Day Price Change: -7.66%
1 Month Price Change: -18.33%
3 Month Price Change: -14.49%
6 Month Price Change: -32.90%
YTD Price Change: -36.97%
1 Year Price Change: -16.70%
2 Year Price Change: 11.48%
5 Year Price Change: 85.79%

Dividend of Trading Day September 27, 2022


Dividend Yield: 3.09%*
Annualized Dividend: $3.16*
Dividend Yield (TTM): 2.854%
Annualized Dividend (TTM): $2.9728
Ex-Dividend Date: 2022-09-14
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. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)



FFO Amount and Payout Ratio

Below are the FFO amounts, dividends, and payout ratios for the last two quarters for PLD.

Year Quarter Type Amount Dividend Paid Payout Ratio
2022 Q2 AFFO $--- $--- ---%
2022 Q2 FFO Core $--- $--- ---%
2022 Q1 AFFO $--- $--- ---%
2022 Q1 FFO Core $--- $--- ---%

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.


Funds From Operations (FFO)

Key Stats of Trading Day September 27, 2022


Total Cash: $437,515,000
Current Debt: $1,042,086,000
Revenue: $4,931,490,000
Gross Profit: $4,931,490,000
Total Revenue: $4,931,490,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $4,791,945,000
Revenue Per Share: $7
Revenue Per Employee: $2,880,543
Employee: 1,945
Debt to Equity Ratio (D/E): 1.73
Profit Margin: 0.76%
Enterprise Value (EV): $110,209,797,240
Enterprise Value to Revenue (EV/R): 22.35
Price to Sales (P/S): 18.78
Price to Book (P/B): 2.68
Price/Earnings-to-Growth (PEG) Ratio: 0.18
P/E Ratio: 21.00
P/E High: 23.48
P/E Low: 18.48
Forward P/E Ratio: 33.97
Market Capitalization: $75,725,861,840
Beta: 0.96
Latest Volume: 6,329,359
Avg. Total Volume: 4,066,553
Avg. 10-Day Volume: 5,329,082
Avg. 30-Day Volume: 4,066,553
TTM EPS: 4.87
Shares Outstanding: 740,378,000
Float: N/A
50-Day Moving Avg.: $124.85
200-Day Moving Avg.: $133.32

Latest REIT Community Comments on #PLD


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Properties Owned by PLD


PLD Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website


Properties Based on Earnings Report's 10-K

Occupancy Rate



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.

REIT Simulation


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 @ $90.85 per share you would have been able to buy 11 shares of PLD on 2021-09-27 costing $999.35 @ $90.85 per share you would have been able to buy 5 shares of PLD on 2021-09-27 costing $454.25 @ $90.85 per share you would have been able to buy 2 shares of PLD on 2021-09-27 costing $181.70 @ $90.85 per share you would have been able to buy 1 shares of PLD on 2021-09-27 costing $90.85 @ $90.85 per share you would have been able to buy 0 shares of PLD on 2021-09-27 costing $0.00
Current worth On 2022-09-27 these 11 shares would be worth $1,125.08 @ $102.28 On 2022-09-27 these 5 shares would be worth $511.40 @ $102.28 On 2022-09-27 these 2 shares would be worth $204.56 @ $102.28 On 2022-09-27 these 1 shares would be worth $102.28 @ $102.28 On 2022-09-27 these 0 shares would be worth $0.00 @ $102.28
Dividends earned $31.24 in dividends would have been earned since 2021-09-27 with 11 shares. $14 in dividends would have been earned since 2021-09-27 with 5 shares. $5.68 in dividends would have been earned since 2021-09-27 with 2 shares. $2.84 in dividends would have been earned since 2021-09-27 with 1 shares. $0.00 in dividends would have been earned since 2021-09-27 with 5 shares.
Net (gain / loss)* 156.97 USD 71.35 USD 28.54 USD 14.27 USD 0.00 USD
ROI** 15.71% 15.71% 15.71% 15.71% nan%

*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.

Dividend History


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 2022-09-14 0.790 --- 2022-09-01 2022-09-15 2022-09-30
PLD 2022-03-17 0.790 25.40% 2022-02-24 2022-03-18 2022-03-31
PLD 2021-12-13 0.630 --- 2021-12-01 2021-12-14 2021-12-31
PLD 2021-09-16 0.630 --- 2021-09-07 2021-09-17 2021-09-30
PLD 2021-06-15 0.630 --- 2021-04-29 2021-06-16 2021-06-30
PLD 2021-03-18 0.630 8.62% 2021-02-25 2021-03-19 2021-03-31
PLD 2020-12-17 0.580 --- 2020-12-08 2020-12-18 2020-12-31
PLD 2020-09-16 0.580 --- 2020-09-04 2020-09-17 2020-09-30
PLD 2020-06-15 0.580 --- 2020-04-29 2020-06-16 2020-06-30
PLD 2020-03-13 0.580 9.43% 2020-02-20 2020-03-16 2020-03-31
PLD 2019-12-18 0.530 --- 2019-12-05 2019-12-19 2019-12-31
PLD 2019-09-19 0.530 --- 2019-09-09 2019-09-20 2019-09-30
PLD 2019-06-12 0.530 --- 2019-05-01 2019-06-13 2019-06-28
PLD 2019-03-14 0.530 10.42% 2019-02-21 2019-03-15 2019-03-29
PLD 2018-12-17 0.480 --- 2018-12-06 2018-12-18 2018-12-31
PLD 2018-09-14 0.480 --- 2018-09-06 2018-09-17 2018-09-28
PLD 2018-06-13 0.480 --- 2018-05-02 2018-06-14 2018-06-29
PLD 2018-03-14 0.480 9.09% 2018-02-22 2018-03-15 2018-03-29
PLD 2017-12-15 0.440 --- 2017-12-07 2017-12-18 2017-12-29
PLD 2017-09-15 0.440 --- 2017-09-07 2017-09-18 2017-09-29

Earnings Press Releases


Below are the Earnings Press Releases for PLD. To see the complete Earnings Report please visit the sec.gov.

Year Quarter Title
2022 Q1 PROLOGIS REPORTS FIRST QUARTER 2022 EARNINGS RESULTS
2021 Q4 PROLOGIS REPORTS FOURTH QUARTER AND FULL YEAR 2021 EARNINGS RESULTS
2021 Q3 PROLOGIS REPORTS THIRD QUARTER 2021 EARNINGS RESULTS
2021 Q2 PROLOGIS REPORTS SECOND QUARTER 2021 EARNINGS RESULTS

Financial Statements Overview


The next Earnings Report for PLD is 2022-10-14

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Current Cash 437,515,000 1,912,750,000 556,117,000 585,071,000
Receivables 0 0 593,244,000 0
Inventory 0 0 0 0
Current Assets 3,897,521,000 5,125,718,000 56,378,835,000 3,738,286,000
Current Assets (Other) 3,460,006,000 3,212,968,000 611,825,000 3,153,215,000
Short Term Investments 3,460,006,000 3,212,968,000 55,229,474,000 3,153,215,000
Long-term Investments 55,866,296,000 54,654,153,000 2,107,385,000 53,278,384,000
Property, Plant & Equipment Net 47,019,035,000 45,601,478,000 0 45,054,390,000
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 0 0 1,639,095,000 0
Net Tangible Assets 34,511,819,000 34,108,120,000 33,362,925,000 32,442,169,000
Total Assets 59,763,817,000 59,779,871,000 58,486,220,000 57,016,670,000
Accounts Payable 0 0 0 0
Liabilities (Other) 1,806,961,000 1,742,907,000 537,625,000 1,681,752,000
Current Liabilities (Other) 1,042,086,000 1,206,224,000 2,042,886,000 1,441,776,000
Total Current Liabilities 1,042,086,000 1,206,224,000 2,042,886,000 1,441,776,000
Current Long-term Debt 0 0 0 0
Long-term Debt 18,040,832,000 18,368,538,000 17,715,054,000 17,135,668,000
Total Liabilities 25,188,050,000 25,607,803,000 25,059,347,000 24,510,553,000
Minority Interest 4,298,171,000 4,290,134,000 4,315,337,000 4,251,357,000
Common Stock 740,637,000 740,368,000 739,825,000 739,439,000
Retained Earnings -740,764,000 -764,425,000 -1,327,828,000 -2,107,989,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 34,575,767,000 34,172,068,000 33,426,873,000 32,506,117,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Total Revenue 1,252,080,000 1,219,128,000 1,277,233,000 1,183,049,000
Cost of Revenue 0 0 0 0
Gross Profit 1,252,080,000 1,219,128,000 1,277,233,000 1,183,049,000
Research and Development 0 0 0 0
Selling General and Admin 83,114,000 74,646,000 73,823,000 66,970,000
Operating Expense 824,565,000 808,367,000 799,957,000 771,185,000
Operating Income 427,515,000 410,761,000 477,276,000 411,864,000
Income Expense Net (Other) 0 584,835,000 257,370,000 214,390,000
EBIT 507,109,000 1,072,558,000 907,615,000 718,072,000
Interest Income 60,293,000 64,064,000 62,897,000 63,638,000
Pretax Income 696,270,000 1,248,944,000 1,340,764,000 857,166,000
Income Tax 49,834,000 29,222,000 39,911,000 59,435,000
Minority Interest 35,043,000 68,937,000 52,191,000 74,193,000
Net Income 609,855,000 1,149,254,000 1,247,124,000 722,007,000
Net Income Basic 609,855,000 1,149,254,000 1,247,124,000 722,007,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Net Income 609,855,000 1,149,254,000 1,247,124,000 722,007,000
Depreciation 402,313,000 396,647,000 396,825,000 390,806,000
Changes in Receivables 0 0 593,244,000 0
Changes in Inventories 0 0 0 0
Cash Change 437,515,000 1,912,750,000 556,117,000 585,071,000
Cash Flow 803,950,000 841,527,000 716,066,000 814,073,000
Capital Expenditures -2,368,449,000 -1,194,283,000 -2,159,238,000 -916,586,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -2,242,444,000 283,429,000 -1,093,489,000 -380,568,000
Dividends Paid 0 0 0 0
Net Borrowings 14,143,311,000 13,242,820,000 -38,070,537,000 13,397,382,000
Cash Flow Financing -13,520,000 242,484,000 350,468,000 -2,273,770,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
9 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.8
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.8
Rating AFFO & Efficiency Section Avg. Rating
10 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 8.9
8 AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 7.0
8 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.0
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.3
Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 6.7
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 6.9
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.7
10 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
8 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
9 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.3
Rating Asset & Revenue Section Avg. Rating
8 G&A Effeciency Level: Analysis of the REIT’s General and Administrative expenses in relationship to its Revenues. 7.3
9 G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. 7.9
9 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 7.7
8 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.0
Rating Properties Section Avg. Rating
9 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.6
10 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.7
9 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.0
Rating Market Cap Section Avg. Rating
3 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 3.5
9.1 Overall REITRating™ Score (See trend) 6.2

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.

REITProperty


Below are some of the properties owned by this PLD. Please click on the property name to see more details. See complete list of properties.

Name Type Address City State
Prologis Lehigh Valley West Industrial 8615 Congdon Hill Drive Alburtis PA
Prologis Harrisburg Industrial 7125 Grayson Road Harrisburg PA
1200 Oakley Industrial Industrial 1200 Oakley Industrial Blvd Fairburn GA

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Last updated: 2022-09-27 - v3.5