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PLD · Prologis, Inc. · Financials

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$127.47 +3.38 (+2.72%)
Market Cap
$115.69B
Shares
932.34M
Volume · Oct 20 4.1M Avg daily vol (3M) 4.17M

Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.

Revenue
$8.79B +7.2%
FY2025 Revenue FY2009–FY2025
Net Income
$3.33B -10.8%
FY2025 Net Income FY2009–FY2025
Operating Margin
49.58% -4.3pp
FY2025 Operating Margin FY2009–FY2025
Diluted EPS
$3.56 -11.2%
FY2025 Diluted EPS FY2009–FY2025
Operating Cash Flow
$5.01B +2%
FY2025 Operating Cash Flow FY2009–FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Line Item TTM FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018 FY2017 FY2016 FY2015 FY2014 FY2013 FY2012 FY2011 FY2010 FY2009 FY2008
$9.19B $8.79B $8.2B $8.02B $5.97B $4.76B $4.44B $3.33B $2.8B $2.62B $2.53B $2.2B $1.76B $1.75B $1.96B $1.42B $840.15M $1.03B —
$4.06B — — — — — $3.79B $2.83B $2.39B $2.23B $1.73B $1.54B $1.18B $1.23B $1.46B $1.01B $549.61M $692.98M —
$2.04B $1.96B $1.77B $1.62B $1.21B $1.04B $952.06M $734.27M $600.65M $569.52M $568.87M $544.18M $430.29M $451.94M $491.24M $348.69M $199.2M $214.1M —
$504.06M $469.11M $418.77M $390.41M $331.08M $293.17M $274.85M $266.72M $238.99M $231.06M $222.07M $217.23M $229.33M $229.21M $228.07M $195.16M $165.98M $192.23M —
$2.74B $2.63B $2.58B $2.48B $1.81B $1.58B $1.56B $1.14B $947.21M $879.14M $930.99M $880.37M $642.46M $664.01M $767.46M $603.88M $356.69M $327.13M —
— — — — — — — — — — — — — — $252.91M $21.24M $736.61M $331.59M $182.87M
-$2.15B -$2.28B -$2.1B -$2.06B -$1.55B — — — $1.96B $1.85B $1.86B $1.82B $1.44B $1.45B $1.87B $1.33B $1.45B $1.07B —
$5.03B $4.36B $4.42B $3.71B $3.47B $3.21B $2.12B $1.85B $1.69B $1.95B $668.38M $380.17M $319.81M $304.41M $92.98M $94.78M -$613.52M -$44.56M —
— 49.58% 53.84% 46.21% 58.05% 67.38% 47.74% 55.54% 60.19% 74.63% 26.39% 17.3% 18.16% 17.39% 4.74% 6.67% -73.03% -4.34% —
$7.77B $6.98B $7B $6.19B $5.28B $4.78B $3.68B $2.99B $2.64B $2.83B $1.6B $1.26B $962.27M $968.42M $860.44M $698.66M -$256.83M $282.57M —
$1.05B $1B $863.93M $641.33M $309.04M $266.23M $314.51M $239.95M $229.14M $274.49M $303.15M $301.36M $308.89M $379.33M $505.22M $466.57M $461.17M $372.77M —
-$263.51M -$588.55M -$301.04M -$243.61M $223.27M $115.85M -$371.86M -$73.4M $198.29M -$138.46M $678.73M $568.43M $393.82M $31.85M -$195.8M -$367.95M -$1.02B -$304.56M —
$602.2M — — — — — — — $635.9M $667.3M $469.9M $430.7M $322.9M $139.6M — — — — —
$467.71M $402.53M $353.62M $307.23M $310.87M $404.26M $297.37M $200.18M $298.26M $248.57M $206.31M $159.26M $134.29M $97.22M $31.68M $59.94M $23.68M $28.06M —
$4.77B $3.77B $4.11B $3.46B $3.69B $3.32B $1.75B $1.78B $1.89B $1.82B $1.35B $948.61M $713.63M $336.26M -$102.82M -$273.17M -$1.63B — —
$293.37M $204.02M $166.94M $211.04M $135.41M $174.26M $130.46M $74.52M $63.33M $54.61M $54.56M $23.09M -$25.66M $106.73M -$3.58M $1.78M -$30.5M $5.98M —
$4.29B $3.33B $3.73B $3.06B $3.36B $2.94B $1.48B $1.57B $1.65B $1.65B $1.21B $869.44M $636.18M $342.92M -$39.72M -$153.41M -$1.27B $22.77M —
— 37.86% 45.5% 38.13% 56.33% 61.77% 33.38% 47.23% 58.81% 63.11% 47.76% 39.57% 36.13% 19.59% -2.03% -10.79% -151.22% 2.22% —
$264.03M $237.07M $216.3M $193.93M $190.54M $208.87M $134.82M $128.89M $173.6M $108.63M $82.61M $56.08M $103.1M $10.13M $9.25M -$4.52M $43K $1.16M —
$4.2B $3.32B $3.73B $3.05B $3.36B $2.93B $1.47B $1.57B $1.64B $1.64B $1.2B $862.79M $622.24M $315.42M -$80.95M -$188.11M -$1.3B -$2.65M —
$4.58B $2.77B $4.13B $2.99B $3.8B $3.26B $1.28B $1.67B $1.47B $1.69B $1.06B $678.35M $471.52M $140.81M -$90.96M -$332.58M -$1.32B $94.45M —
USD/shares $4.51 $3.58 $4.02 $3.30 $4.28 $3.97 $2.02 $2.48 $2.90 $3.10 $2.29 $1.66 $1.25 $0.65 -$0.18 -$0.51 -$5.90 -$0.01 —
USD/shares $4.49 $3.56 $4.01 $3.29 $4.25 $3.94 $2.01 $2.46 $2.87 $3.06 $2.27 $1.64 $1.24 $0.64 -$0.18 -$0.51 -$5.90 -$0.01 —
shares — 928.47M 926.17M 924.35M 785.68M 739.36M 728.32M 630.58M 567.37M 530.4M 526.1M 521.24M 499.58M 486.08M 459.9M 370.53M 219.52M 179.97M —
shares — 956.83M 953.59M 951.79M 811.61M 764.76M 754.41M 654.9M 590.24M 552.3M 546.67M 533.94M 506.39M 491.55M 461.85M 371.73M 219.52M 179.97M —
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2009–FY2025: $24.52B in dividends.

Debt Profile

Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.

Reported debt balances

Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.

Reported balanceAs ofAmountSource
Long-term debt, including current maturities 2026-06-30 USD 36,442,085,000 10-Q filed 2026-07-29
Operating lease liabilities 2026-06-30 USD 650,400,000 10-Q filed 2026-07-29
Instrument and agreement coverage is incomplete. Additional filings are awaiting review.
1 filing has incomplete source or extraction coverage. Verified observations are shown; missing observations do not establish that debt was unchanged.

Covenants

Covenant terms have not yet been verified for this profile.

The balance figures do not establish whether covenants apply or whether the company complies with them.

Loans, facilities and notes

4.250% Notes due 2031

Note · Prologis, L.P.

Reference: 4.250% Notes due 2031

Active
Original principal
USD 500,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
Jun 15, 2031

Last reported interest terms: 4.25% Reported 2026-04-23 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-04-23 Original principal USD 500,000,000 Exact source document Parent 8-K filing · 2026-04-23
    On April 20, 2026, the Operating Partnership priced an offering of $500,000,000 aggregate principal amount of its 4.250% Notes due 2031 (the “2031 Notes”) and $750,000,000 aggregate principal amount of its 4.900% Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes, the “Notes”).
    Issuer evidence: Prologis, L.P. (the “Operating Partnership”) expects that it will close the issuance and sale of the Notes (defined below) on April 23, 2026.
    Supporting evidence: The 2031 Notes will bear interest at a rate of 4.250% per annum and mature on June 15, 2031.
    Supporting evidence: On April 20, 2026, the Operating Partnership priced an offering of $500,000,000 aggregate principal amount of its 4.250% Notes due 2031 (the “2031 Notes”) and $750,000,000 aggregate principal amount of its 4.900% Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes, the “Notes”).
    Supporting evidence: On April 20, 2026, the Operating Partnership priced an offering of $500,000,000 aggregate principal amount of its 4.250% Notes due 2031 (the “2031 Notes”) and $750,000,000 aggregate principal amount of its 4.900% Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes, the “Notes”).

4.900% Notes due 2036

Note · Prologis, L.P.

Reference: 4.900% Notes due 2036

Active
Original principal
USD 750,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
Jun 15, 2036

Last reported interest terms: 4.9% Reported 2026-04-23 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-04-23 Original principal USD 750,000,000 Exact source document Parent 8-K filing · 2026-04-23
    On April 20, 2026, the Operating Partnership priced an offering of $500,000,000 aggregate principal amount of its 4.250% Notes due 2031 (the “2031 Notes”) and $750,000,000 aggregate principal amount of its 4.900% Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes, the “Notes”).
    Issuer evidence: Prologis, L.P. (the “Operating Partnership”) expects that it will close the issuance and sale of the Notes (defined below) on April 23, 2026.
    Supporting evidence: The 2036 Notes will bear interest at a rate of 4.900% per annum and mature on June 15, 2036.
    Supporting evidence: On April 20, 2026, the Operating Partnership priced an offering of $500,000,000 aggregate principal amount of its 4.250% Notes due 2031 (the “2031 Notes”) and $750,000,000 aggregate principal amount of its 4.900% Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes, the “Notes”).
    Supporting evidence: On April 20, 2026, the Operating Partnership priced an offering of $500,000,000 aggregate principal amount of its 4.250% Notes due 2031 (the “2031 Notes”) and $750,000,000 aggregate principal amount of its 4.900% Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes, the “Notes”).

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue
—
Peer median 12.65×
EV/EBIT
—
P/E (TTM)
27.64×
Peer median 27.75×
P/FFO (TTM)
19.52×
Peer median 16.65×
P/AFFO (TTM)
23.09×
Peer median 17.43×

Peer medians compare against the 13 similar-size REIT - Industrial companies (of 15 listed).

P/FFO and P/AFFO use the company-stated “Core FFO attributable to common stockholders/unitholders” and “AFFO attributable to common stockholders/unitholders”, extracted from the reconciliation in its SEC filings — the company's own non-GAAP definition, not an XBRL-tagged figure.

Valuation over time computed as of each quarter's filing date

P/FFO and P/AFFO and EV/Adj. EBITDA use the company-stated “Core FFO attributable to common stockholders/unitholders” and “AFFO attributable to common stockholders/unitholders” and “Adjusted EBITDA attributable to common stockholders/unitholders”, extracted from the reconciliation in its SEC filings as it existed at each sample date — the company's own non-GAAP definition, not an XBRL-tagged figure. Each point's tooltip names its TTM or fiscal-year basis.

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
Real Estate Operations Segment $8,197,774,000 $7,529,703,000 $6,823,237,000 $4,934,107,000 $4,168,690,000 $3,801,748,000 $2,838,735,000 $2,398,149,000
Strategic Capital Segment $592,353,000 $671,907,000 $1,200,232,000 $1,039,585,000 $590,750,000 $636,987,000 $491,886,000 $406,300,000

By Geography (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
United States $8,001,678,000 $7,513,812,000 — $4,941,488,000 $4,138,941,000 $3,955,160,000 $2,731,465,000 $2,247,897,000
Europe $355,748,000 $309,633,000 — $701,563,000 $305,133,000 $213,817,000 $328,265,000 $229,303,000
Other Americas $282,614,000 $230,200,000 — $175,213,000 $157,275,000 $125,526,000 $135,331,000 $152,388,000
Asia $150,087,000 $147,965,000 $654,000,000 $155,428,000 $158,091,000 $144,232,000 $135,560,000 $174,861,000

Segment Operating Income

Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.

By Segment (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
Real Estate Operations Segment $6,187,608,000 $5,717,274,000 $5,145,090,000 $3,688,033,000 $3,104,939,000 $2,819,675,000 $2,091,320,000 $1,783,941,000
Strategic Capital Segment $321,836,000 $380,051,000 $814,690,000 $736,229,000 $383,579,000 $418,946,000 $307,225,000 $249,260,000

Operating Margin by Segment (%)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
Real Estate Operations Segment 75.5% 75.9% 75.4% 74.7% 74.5% 74.2% 73.7% 74.4%
Strategic Capital Segment 54.3% 56.6% 67.9% 70.8% 64.9% 65.8% 62.5% 61.3%
Key facts CIK 1045609 CUSIP 74340W103 13F (30d) 307 filings 284 filers Visit website Investor relations