P 
Prologis PLD · USD
Real Estate · Equity Real Estate Investment Trusts (REITs) · US listing · 🇺🇸 United States
S&P 500
130.55
+2.83%
Close of 9 Nov 2026, in USD
Search any instrument
Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in USD, from our data supplier.
Revenue
$8.79bn
FY2016FY2025
Net income
$3.41bn
FY2016FY2025
Free cash flow
$99.3m
FY2016FY2025
Shareholders' equity
$53.19bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.79bn | $8.20bn | $8.02bn | $5.97bn | $4.76bn | $4.44bn | $3.33bn | $2.80bn | $2.62bn | $2.53bn |
| Research and development | — | — | $0 | $1 | $1 | $0 | $1 | $1 | $1 | $1 |
| Operating income | $4.54bn | $4.42bn | $3.71bn | $3.78bn | $3.47bn | $2.12bn | $1.85bn | $1.90bn | $1.95bn | $668.4m |
| Net income | $3.41bn | $3.73bn | $3.06bn | $3.36bn | $2.94bn | $1.48bn | $1.57bn | $1.65bn | $1.65bn | $1.21bn |
| Diluted earnings per share | 3.56 | 3.91 | 3.21 | 3.55 | 3.84 | 1.96 | 2.40 | 2.79 | 2.99 | 2.21 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $98.72bn | $95.33bn | $93.02bn | $87.90bn | $58.49bn | $56.07bn | $40.03bn | $38.42bn | $29.48bn | $30.25bn |
| Cash and short-term investments | $1.15bn | $1.32bn | $530.4m | $278.5m | $556.1m | $598.1m | $1.09bn | $343.9m | $447.0m | $807.3m |
| Total liabilities | $40.97bn | $36.71bn | $35.20bn | $30.03bn | $20.74bn | $19.74bn | $13.96bn | $12.62bn | $10.78bn | $11.79bn |
| Debt | $35.04bn | $30.88bn | $29.00bn | $23.88bn | $17.72bn | $16.85bn | $11.91bn | $11.09bn | $9.41bn | $10.61bn |
| Shareholders' equity | $53.19bn | $53.95bn | $53.18bn | $53.24bn | $37.74bn | $31.97bn | $22.65bn | $25.80bn | $18.71bn | $18.46bn |
| Shares outstanding | 958m | 954m | 952m | 947m | 765m | 754m | 655m | 590m | 552m | 547m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $5.01bn | $4.91bn | $5.37bn | $4.13bn | $3.00bn | $2.94bn | $2.26bn | $1.80bn | $1.69bn | $1.42bn |
| Capital spending | −$4.91bn | −$5.92bn | −$691.9m | −$5.61bn | −$4.96bn | −$1.25bn | −$791.9m | −$915.7m | −$110.6m | −$101.7m |
| Free cash flow | $99.3m | −$1.01bn | $4.68bn | −$1.48bn | −$1.96bn | $1.69bn | $1.47bn | $887.9m | $1.58bn | $1.32bn |
| Dividends paid | −$3.76bn | −$3.57bn | −$3.23bn | −$2.57bn | −$1.87bn | −$1.72bn | −$1.35bn | −$1.12bn | −$942.9m | −$893.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.43bn | $2.30bn | $2.25bn | $2.21bn | $2.18bn | $2.14bn | $2.20bn | $2.04bn |
| Operating income | $959.7m | $827.0m | $852.4m | $892.6m | $912.7m | $878.4m | $1.63bn | $1.25bn |
| Net income | $1.06bn | $982.0m | $1.40bn | $764.3m | $571.2m | $593.0m | $1.28bn | $1.01bn |
| Diluted earnings per share | 1.11 | 1.03 | 1.46 | 0.80 | 0.60 | 0.62 | 1.34 | 1.05 |
| Cash from operations | — | $1.29bn | $1.16bn | $1.45bn | $1.24bn | $1.16bn | $1.33bn | $1.43bn |
| Capital spending | — | −$149.0m | −$4.91bn | −$3.42bn | −$2.59bn | −$1.59bn | −$5.92bn | −$254.0m |
| Free cash flow | — | $1.14bn | −$3.75bn | −$1.97bn | −$1.35bn | −$430.0m | −$4.58bn | $1.18bn |
| Total assets | — | $98.13bn | $98.72bn | $98.34bn | $97.72bn | $95.99bn | $95.33bn | $95.91bn |
| Cash and short-term investments | — | $861.1m | $1.15bn | $1.19bn | $1.07bn | $671.1m | $1.32bn | $780.9m |
| Debt | — | $34.67bn | $35.04bn | $35.35bn | $35.19bn | $32.35bn | $30.59bn | $32.29bn |
| Shareholders' equity | — | $53.50bn | $53.19bn | $52.64bn | $52.73bn | $53.47bn | $53.95bn | $53.07bn |
Financial ratios
Data as of 7 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | 51.6% | 53.8% | 46.2% | 63.2% | 73.0% | 47.7% | — | — |
| Net margin | 38.8% | 45.5% | 38.1% | 56.3% | 61.8% | 33.4% | — | — |
| Return on equity | 6.4% | 6.9% | 5.8% | 6.3% | 7.8% | 4.6% | — | — |
| Return on assets | 3.5% | 3.9% | 3.3% | 3.8% | 5.0% | 2.6% | — | — |
| Free cash flow yield | 7.5% | 8.3% | 4.6% | 7.5% | 7.6% | 4.0% | — | — |
| Revenue growth | 7.2% | 2.2% | 34.3% | 25.5% | 7.2% | 33.3% | — | — |
| Earnings growth | -8.6% | 22.0% | -9.1% | 14.5% | 98.4% | -5.8% | — | — |
| Current ratio | 0.23x | 0.92x | 0.55x | 0.46x | 0.96x | 1.36x | — | — |
| Debt to equity | 0.66x | 0.57x | 0.55x | 0.48x | 0.48x | 0.53x | — | — |
| Equity ratio | 53.9% | 56.6% | 57.2% | 60.6% | 64.5% | 57.0% | — | — |
| Interest coverage | 4.53x | 5.27x | 5.99x | 12.22x | 13.04x | 6.76x | — | — |
| R&D as a share of sales | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | -0.5% | -0.1% | -0.6% | -23.8% | -1.4% | -15.2% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.7% | 14.6% | 14.9% |
| Operating income | 6.3% | 16.5% | 28.1% |
| Net income | 0.5% | 18.1% | 14.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 52.7% | 53.0% | 54.8% | 53.6% |
| Net margin | 42.0% | 43.8% | 44.8% | 46.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 35.9 | 27.0 | 41.5 | 31.7 | 43.8 | 50.7 | 37.1 | 21.0 | 21.6 | 23.9 |
| Price to sales | 13.9 | 12.3 | 15.8 | 17.9 | 27.1 | 16.9 | 17.5 | 12.4 | 13.6 | 11.4 |
Market value over time
31 Oct 2016 to 4 Sept 2026, in USD
$28.53bn$131.56bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 23% | -22% | 19% | -31% | 66% | 10% | 46% | -4% | 20% | 25% |
Dividends and splits
Per share, in the currency the company pays
Paid for 29 years. Last went ex-dividend on 16 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 3.21 | 4.04 | 3.84 | 3.48 | 3.16 | 2.52 | 2.32 | 2.12 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.