Prologis, Inc. | REIT Profile

Symbol: PLD
CIK: 1045609
Exchange: NYSE
Founded: 1983 (38 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: 9.0

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


Prologis, Inc. Company Logo

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Hightlights of Trading Day December 6, 2021


Open Price: $155.12
Closing Price: $156.55
Price Change: 1.89 (1.222%)
Lowest Price: $154.75
Highest Price: $157.19

52-Week Low: $91.61
52-Week High: $157.51
52-Week Change: 60.21%

5 Day Price Change: 3.19%
1 Month Price Change: 5.43%
3 Month Price Change: 11.80%
6 Month Price Change: 27.60%
YTD Price Change: 57.68%
1 Year Price Change: 60.21%
2 Year Price Change: 77.62%
5 Year Price Change: 250.21%

Dividend of Trading Day December 6, 2021


Dividend Yield: 1.61%*
Annualized Dividend: $2.52*
Dividend Yield (TTM): 1.585%
Annualized Dividend (TTM): $2.4518
Ex-Dividend Date: 2021-09-16
Next Ex-Dividend: 2021-12-13
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)


Funds From Operations (FFO)

Key Stats of Trading Day December 6, 2021


Total Cash: $585,071,000
Current Debt: $1,441,776,000
Revenue: $4,593,804,000
Gross Profit: $4,593,804,000
Total Revenue: $4,593,804,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $3,614,257,000
Revenue Per Share: $6
Revenue Per Employee: $2,683,297
Employee: 1,945
Debt to Equity Ratio (D/E): 1.75
Profit Margin: 0.43%
Enterprise Value (EV): $129,874,639,560
Enterprise Value to Revenue (EV/R): 28.27
Price to Sales (P/S): 24.67
Price to Book (P/B): 3.49
Price/Earnings-to-Growth (PEG) Ratio: 3.10
P/E Ratio: 60.91
P/E High: 23.87
P/E Low: 18.78
Forward P/E Ratio: 66.87
Market Capitalization: $115,741,641,850
Beta: 0.79
Latest Volume: 3,254,576
Avg. Total Volume: 2,058,844
Avg. 10-Day Volume: 3,386,005
Avg. 30-Day Volume: 2,058,844
TTM EPS: 2.57
Shares Outstanding: 739,327,000
Float: N/A
50-Day Moving Avg.: $148.19
200-Day Moving Avg.: $132.24

Latest REIT Community Comments on #PLD


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Properties Owned by PLD


Properties Based on REIT's Official Presentation

Properties Types States Countries
3,771 1 27 19

Please visit REIT’s official webpage for the most up-to-date property list.

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 2020-12-07 costing $999.35 @ $90.85 per share you would have been able to buy 5 shares of PLD on 2020-12-07 costing $454.25 @ $90.85 per share you would have been able to buy 2 shares of PLD on 2020-12-07 costing $181.70 @ $90.85 per share you would have been able to buy 1 shares of PLD on 2020-12-07 costing $90.85 @ $90.85 per share you would have been able to buy 0 shares of PLD on 2020-12-07 costing $0.00
Current worth On 2021-12-06 these 11 shares would be worth $1,722.05 @ $156.55 On 2021-12-06 these 5 shares would be worth $782.75 @ $156.55 On 2021-12-06 these 2 shares would be worth $313.10 @ $156.55 On 2021-12-06 these 1 shares would be worth $156.55 @ $156.55 On 2021-12-06 these 0 shares would be worth $0.00 @ $156.55
Dividends earned $27.17 in dividends would have been earned since 2020-12-07 with 11 shares. $12 in dividends would have been earned since 2020-12-07 with 5 shares. $4.94 in dividends would have been earned since 2020-12-07 with 2 shares. $2.47 in dividends would have been earned since 2020-12-07 with 1 shares. $0.00 in dividends would have been earned since 2020-12-07 with 5 shares.
Net (gain / loss)* 749.87 USD 340.85 USD 136.34 USD 68.17 USD 0.00 USD
ROI** 75.04% 75.04% 75.04% 75.04% 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 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
PLD 2017-06-12 0.440 --- 2017-05-03 2017-06-14 2017-06-30
PLD 2017-03-13 0.440 4.76% 2017-02-23 2017-03-15 2017-03-31
PLD 2016-12-15 0.420 --- 2016-12-01 2016-12-19 2016-12-30

Financial Statements Overview


The next Earnings Report for PLD is 2022-01-25

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Current Cash 585,071,000 601,446,000 676,074,000 598,086,000
Receivables 0 0 0 380,377,000
Inventory 0 0 0 0
Current Assets 3,738,286,000 601,446,000 3,526,677,000 1,544,851,000
Current Assets (Other) 3,153,215,000 0 2,850,603,000 566,388,000
Short Term Investments 3,153,215,000 0 2,850,603,000 566,388,000
Long-term Investments 53,278,384,000 55,839,939,000 52,206,132,000 54,520,154,000
Property, Plant & Equipment Net 45,054,390,000 44,413,609,000 43,635,541,000 43,845,172,000
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 0 2,922,810,000 0 1,503,851,000
Net Tangible Assets 32,442,169,000 32,041,765,000 31,944,569,000 31,907,599,000
Total Assets 57,016,670,000 56,441,385,000 55,732,809,000 56,065,005,000
Accounts Payable 0 0 0 0
Liabilities (Other) 1,681,752,000 1,670,737,000 1,705,224,000 517,610,000
Current Liabilities (Other) 1,441,776,000 1,304,539,000 1,138,924,000 1,886,767,000
Total Current Liabilities 1,441,776,000 1,304,539,000 1,138,924,000 1,886,767,000
Current Long-term Debt 0 0 0 0
Long-term Debt 17,135,668,000 16,985,305,000 16,503,458,000 16,849,076,000
Total Liabilities 24,510,553,000 24,335,672,000 23,724,292,000 24,093,458,000
Minority Interest 4,251,357,000 4,375,091,000 4,376,686,000 4,353,033,000
Common Stock 739,439,000 739,190,000 738,998,000 738,834,000
Retained Earnings -2,107,989,000 -2,363,348,000 -2,495,343,000 -2,394,690,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 32,506,117,000 32,105,713,000 32,008,517,000 31,971,547,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Total Revenue 1,183,049,000 1,150,842,000 1,148,316,000 1,111,597,000
Cost of Revenue 0 0 0 0
Gross Profit 1,183,049,000 1,150,842,000 1,148,316,000 1,111,597,000
Research and Development 0 0 0 0
Selling General and Admin 66,970,000 74,342,000 78,032,000 66,144,000
Operating Expense 771,185,000 764,504,000 806,385,000 778,624,000
Operating Income 411,864,000 386,338,000 341,931,000 332,973,000
Income Expense Net (Other) 214,390,000 127,167,000 173,643,000 -284,044,000
EBIT 718,072,000 585,924,000 582,623,000 129,455,000
Interest Income 63,638,000 68,412,000 71,281,000 76,856,000
Pretax Income 857,166,000 699,508,000 425,410,000 348,887,000
Income Tax 59,435,000 49,195,000 25,717,000 40,880,000
Minority Interest 74,193,000 50,137,000 32,346,000 26,113,000
Net Income 722,007,000 598,625,000 365,815,000 280,470,000
Net Income Basic 722,007,000 598,625,000 365,815,000 280,470,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Net Income 722,007,000 598,625,000 365,815,000 280,470,000
Depreciation 390,806,000 392,736,000 397,575,000 1,561,969,000
Changes in Receivables 0 0 0 380,377,000
Changes in Inventories 0 0 0 0
Cash Change 585,071,000 601,446,000 676,074,000 -342,107,000
Cash Flow 814,073,000 649,209,000 816,694,000 2,937,005,000
Capital Expenditures -916,586,000 -684,884,000 -501,610,000 -2,291,200,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -380,568,000 -408,907,000 -107,094,000 -3,074,330,000
Dividends Paid 0 0 0 0
Net Borrowings 13,397,382,000 16,383,859,000 12,976,781,000 15,684,602,000
Cash Flow Financing -2,273,770,000 322,664,000 592,313,000 -372,162,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

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
9 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.7
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.4
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. 7.7
Rating AFFO & Efficiency Section Avg. Rating
8 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 7.8
8 AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
10 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.3
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.0
Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.2
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.8
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.9
9 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.5
8 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
7 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.2
9 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.2
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.1
8 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 6.3
10 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
9 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.0
Rating Market Cap Section Avg. Rating
9 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.3
9.0 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: 2021-12-07 - v2.4