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Profile & Fundamentals

Prologis Profile & Fundamentals

Name: Prologis financial chart data preview
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Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.

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Company and Market Context

Company Profile & Ownership

Prologis, Inc. don't just lead the industry, they define it. The firm creates the intelligent infrastructure that powers global commerce, seamlessly connecting the digital and physical worlds. From agile supply chains to clean energy solutions, their ecosystems help your business move faster, operate smarter and grow sustainably. With unmatched scale, innovation and expertise, Prologis is a category of one"not just shaping the future of logistics but building what comes next. Prologis, Inc. was established in 1983 and is incorporated in Maryland.

Company profile record

Prologis Inc

Common Stock · Real Estate · Industrial REITs

Official website

Company

Company / asset: Prologis Inc
Security type: Common Stock
Sector: Real Estate
Industry: Industrial REITs
HQ: 🇺🇸 United States
Head office: Pier 1, Bay 1, San Francisco, CA, United States, 94111

Leadership & scale

Chief executive: Mr. Daniel Stephen Letter
CEO year born: 1978
Full-time employees: 2.8K
Fiscal year end: December
IPO date: 1994-03-01

Fundamentals snapshot

Updated 2026-09-13

Market Cap: USD 130.1B
P/E: 30.9x
Revenue (Q2 26): USD 2.4B
Profit (Q2 26): USD 1.1B
Dividend Yield: 2.2%
Revenue (FY 25): USD 8.8B
Shares in public float: 928.6M
Insider ownership: 0.26%

Reporting & identifiers

Symbol: PLD.NYSE
Listing: 🇺🇸 United States | Dividend Tax: 30%
Ticker Currency: USD
Income Statement Currency: USD
Balance Sheet Currency: USD
Cash Flow Currency: USD
EPS Currency: USD
Contract Type: SPOT
ISIN: US74340W1036
Asset ID: equity_0d6f9a02-6c61-558c-91a7-934fd208266f

Ownership

Shares Outstanding

Shares outstanding

Annual reported shares outstanding. Values in shares.

Top holders

BlackRock Inc100,414,059 shares · 10.57% · Reported 2026-03-31
Vanguard Capital Management, LLC60,308,417 shares · 6.35% · Reported 2026-03-31
State Street Corp56,033,266 shares · 5.90% · Reported 2026-03-31
Vanguard Portfolio Management, LLC53,878,755 shares · 5.67% · Reported 2026-03-31
Vanguard Real Estate Index Investor35,464,900 shares · 3.73% · Reported 2026-07-31
Vanguard MStar Total Stk Mkt Idx Invest29,683,047 shares · 3.12% · Reported 2026-07-31
Vanguard 500 Index Investor24,476,082 shares · 2.58% · Reported 2026-07-31

View more holders (8)

Geode Capital Management, LLC23,611,033 shares · 2.48% · Reported 2026-03-31
Cohen & Steers Inc22,841,902 shares · 2.40% · Reported 2026-06-30
JPMorgan Chase & Co20,601,983 shares · 2.17% · Reported 2026-03-31
Apg Investments Us Inc19,286,830 shares · 2.03% · Reported 2026-06-30
FMR Inc16,554,435 shares · 1.74% · Reported 2026-03-31
Capital Research Global Investors15,915,752 shares · 1.67% · Reported 2026-06-30
UBS Asset Mgmt Americas Inc14,135,417 shares · 1.49% · Reported 2026-03-31
Massachusetts Financial Services Company14,063,332 shares · 1.48% · Reported 2026-03-31

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

Prologis delivered resilient operational growth through the second quarter of 2026, generating $9.19 billion in trailing twelve-month revenue and raising full-year Core FFO guidance to a midpoint of $6.26 per share. This financial acceleration was powered by record leasing exceeding 67 million square feet and strong contractual rent markups on expiring leases. However, headline accounting earnings can be noisy due to periodic property sale gains and incentive fees. Trailing free cash flow of $5.24 billion demonstrates genuine operational cash health, but future growth per share will be more modest as historical below-market lease spreads gradually reset to current market levels.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

Published P/E

Published valuation snapshots. Trailing four-quarter earnings where available; annual earnings otherwise. Non-positive earnings are omitted. Values in times earnings.

Profitability & Margins

AI Review

Prologis achieves strong underlying cash margins, reporting an operating margin around 40.2% and an impressive free cash flow margin of 57.0%. High tenant retention of roughly seventy-seven percent and contractual annual rent bumps allow the business to pass property tax and maintenance inflation directly to tenants. Reported profit margins fluctuated compared to peak pandemic years due to higher non-cash depreciation and changing development project mix. As high-yielding data center projects become fully operational, consolidated margins are expected to stabilize above historical warehouse averages, supporting durable long-term profitability.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

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Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-09-15.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2016-12-31	2,533,135,000	1,315,328,000	1,209,932,000	72.47	26.39	47.76	51.92
2017-12-31	2,618,134,000	1,576,611,000	1,652,325,000	72.32	74.63	63.11	60.22
2018-12-31	2,804,449,000	887,861,000	1,649,361,000	72.98	60.19	58.81	31.66
2019-12-31	3,330,621,000	2,264,034,000	1,572,959,000	72.41	55.54	47.23	67.98
2020-12-31	4,438,735,000	1,688,711,000	1,481,814,000	73.64	47.74	33.38	38.04
2021-12-31	4,759,440,000	2,996,042,000	2,939,723,000	73.77	67.38	61.77	62.95
2022-12-31	5,973,692,000	4,126,430,000	3,364,856,000	74.74	58.05	56.33	69.08
2023-12-31	8,023,469,000	4,681,202,000	3,059,214,000	74.94	46.21	38.13	58.34
2024-12-31	8,201,610,000	4,912,209,000	3,731,635,000	74.92	53.84	45.5	59.89
2025-12-31	8,790,127,000	5,008,434,000	3,410,663,000	59.6	40.23	38.8	56.98

Published valuation snapshots
Period end	P/E (times earnings)	Earnings basis
2025-12-31	36.75	Trailing four quarters
2024-12-31	27.01	Trailing four quarters
2023-12-31	41.5	Trailing four quarters
2022-12-31	31.73	Annual net income
2021-12-31	43.8	Annual net income

Shares outstanding — chart values
Reporting date	Shares outstanding
2017-01-01	552,300,000
2018-01-01	590,239,000
2019-01-01	654,903,000
2020-01-01	754,414,000
2021-01-01	764,762,000
2022-01-01	946,953,000
2023-01-01	952,399,000
2024-01-01	953,590,000
2025-01-01	958,019,000
2026-01-01	957,884,000

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Balance Sheet
- Balance sheet AI review
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Dividends & Actions
- Cash dividends paid
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Company Events
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