PLD · Prologis, Inc.
10 customers — 16.3% of revenue (At December 31, 2025)
“At December 31, 2025, our top 10 customers accounted for 16.3% of our consolidated NER and 15.2% of our O&M NER.”
10 customers — 15.2% of revenue (At December 31, 2025)
“At December 31, 2025, our top 10 customers accounted for 16.3% of our consolidated NER and 15.2% of our O&M NER.”
Price & Indicators
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AI Brief
TL;DR.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
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| Buildings | 5,929 | Q2 2026 | — |
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| DATA CENTER POWER PIPELINE | 5.8 | Q2 2026 | — |
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| fees and promotes(B) non-GAAP | $412M | Q2 2026 | — |
| Gross AUM | $240B | Q2 2026 | — |
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| LEASE PROPOSALS | 129M | Q2 2026 | — |
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| Market Equity | $129B | Q2 2026 | — |
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| Square Feet | 1.3B | Q2 2026 | — |
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| U.S. IBI ACTIVITY INDEX | 60.1 | Q2 2026 | — |
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| U.S. SPACE UTILIZATION | 84.4% | Q2 2026 | — |
| value creation from stabilizations(C) non-GAAP | $740M | Q2 2026 | — |
| Estimated value creation from development stabilizations - Prologis Share non-GAAP | 387M | Three Months Ended March 31, 2026 | — |
| NEW LEASE NEGOTIATION GESTATION | 59 | Q1 2026 | — |
| Strategic capital fees and promotes non-GAAP | $366M | Q1 2026 | — |
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| Average Occupancy | 95.3% | 4Q25 | — |
| Estimated value creation from stabilizations non-GAAP | 568M | Q4 2025 | — |
| Leases Commenced (Operating and Development Portfolio) | 43.8 | 4Q25 | — |
| Period End Occupancy | 95.8% | 4Q25 | — |
| Prologis Share of Same Store Property NOI - Cash non-GAAP | 1.43B | Three Months Ended Dec. 31, 2025 | — |
| Prologis Share of Same Store Property NOI - Net Effective non-GAAP | 1.55B | Three Months Ended Dec. 31, 2025 | — |
| Retention | 77.7% | 4Q25 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Industrial — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
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PLD
this stock
Prologis, Inc.
|
$131.21B | +10.5% | +7.2% | 35.5 | 1.9% |
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PSA
Public Storage
|
$56.83B | +25.6% | +2.7% | 30.9 | 3.2% |
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EXR
Extra Space Storage Inc.
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$31.25B | +13.6% | +3.7% | 32.7 | 2.2% |
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EGP
Eastgroup Properties Inc
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$10.92B | +14.0% | +12.7% | 35.6 | 4.4% |
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LINE
Lineage, Inc.
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$9.51B | +19.3% | +0.3% | — | 2.7% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| PLD | +0.6% | -5.9% | +0.2% | -2.5% | +10.5% |
| SPY | +0.4% | +4.5% | +13.8% | +3.9% | +13.9% |
| vs SPY | +0.2% | -10.3% | -13.6% | -6.4% | -3.4% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.