Prologis, Inc. (PLD) Stock Price & Analysis
Prologis, Inc. (PLD) closed at USD 126.66 on Thursday, October 22, 2026, down 0.74% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 127.6; the Oct 22, 2026 session ranged USD 125.17–127.87 on volume of 4,239,136 shares. Market capitalization is $123.13B, with a 52-week range of USD 121.4–153.35 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 10:38 UTC.
Also available as compact Markdown for AI agents: nexqual.com/PLD.md
Key facts (PLD)
- Last four reported quarters (through Jun 30, 2026): revenue $9.19B, net income $4.29B (46.7% margin) (SEC filings).
- Valuation: P/E 28.7x (avg 35.1x at the last 3 fiscal year-ends), EV/EBITDA 20.3x, net debt $34.7B.
- 3 of 80 tracked superinvestors hold PLD (13F, Q2 2026): 0 new, 1 added, 2 reduced, 0 unchanged.
- Analysts: Buy (mean 1.94 on a 1–5 scale) (17 analysts), mean target USD 153.14 (range 136–170).
- Total return with dividends: 1Y +3.9% vs S&P 500 +14.9%; 5Y +1.9% vs S&P 500 +80.3%.
- Next earnings: 2027-01-20, EPS estimate USD 0.72, revenue estimate $2.25B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (PLD)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $4.76B | $5.97B | $8.02B | $8.20B | $8.79B | $9.19B |
| Operating income | $3.21B | $3.47B | $3.71B | $4.42B | $4.36B | $5.03B |
| Net income | $2.94B | $3.36B | $3.06B | $3.73B | $3.33B | $4.29B |
| EPS (diluted) | $3.94 | $4.25 | $3.29 | $4.01 | $3.56 | — |
| Operating margin | 67.4% | 58.0% | 46.2% | 53.8% | 49.6% | 54.7% |
| Net margin | 61.8% | 56.3% | 38.1% | 45.5% | 37.9% | 46.7% |
| Revenue growth | +7.2% | +25.5% | +34.3% | +2.2% | +7.2% | — |
| Cash + short-term investments | $556M | $278M | $530M | $1.32B | $1.15B | — |
| Total debt | $215M | $23.9B | $29.0B | $30.9B | $35.0B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (PLD)
P/E 28.7x · P/S 13.4x · EV/EBITDA 20.3x · EV/Sales 17.2x · P/B 2.3x · Earnings yield 3.48% · Dividend yield (paid, TTM) 3.16% · Net debt $34.7B · EV $158B
P/E at fiscal year-ends: Dec 2025 36.7x, Dec 2024 27.0x, Dec 2023 41.5x.
Superinvestors (SEC 13F-HR, Q2 2026) (PLD)
3 of 80 tracked investors hold PLD. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Torray Funds | 2.45% | $18.2M | Added +0.5% | |
| Third Avenue Management | 2.27% | $14.2M | Reduced -16.8% | |
| Christopher Davis | Davis Advisors | 0.10% | $24.2M | Reduced -2.2% |
Analysts (PLD)
Consensus Buy (mean 1.94 on a 1–5 scale), 17 analysts; mean target USD 153.14 (low 136, high 170).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-21 | Raymond James | Upgrade | Market Perform → Outperform | $163 |
| 2026-10-20 | Baird | Target lowered | Neutral | $140 → $136 |
| 2026-10-16 | BTIG | Reiterated | Buy | $170 |
| 2026-10-13 | Scotiabank | Upgrade | Sector Perform → Sector Outperform | $150 |
| 2026-09-01 | Wells Fargo | Target lowered | Overweight | $167 → $166 |
| 2026-08-05 | RBC Capital | Upgrade | Sector Perform → Outperform | $148 → $160 |
| 2026-07-23 | Scotiabank | Target raised | Sector Perform | $146 → $150 |
| 2026-07-21 | Truist Securities | Target raised | Buy | $154 → $162 |
| 2026-07-17 | Mizuho | Target raised | Outperform | $150 → $159 |
| 2026-07-16 | Barclays | Target raised | Overweight | $139 → $156 |
| 2026-07-01 | BTIG | Target raised | Buy | $160 → $170 |
| 2026-06-29 | BMO Capital | Target lowered | Outperform | $162 → $158 |
Total return (dividends reinvested) (PLD)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +3.9% | +1.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +3.9% | +0.4% |
| Volatility (annualized) | 20.4% | 27.6% |
| Max drawdown | -16.6% (Jul 2026→Oct 2026) | -40.2% (Apr 2022→Oct 2022) |
Companies that name PLD in their SEC reports
| Relationship to PLD | Company | Filing | Sentence |
|---|---|---|---|
| partner | Sow Good Inc. (SOWG) | 10-K Mar 31, 2026 | “On October 26, 2023, the Company entered into a lease agreement with Prologis, Inc., a Maryland corporation.” |
| supplier | Electra Battery Materials Corp (ELBM) | 20-F Mar 30, 2026 | “Ms. Uthayakumar is the current Chief Energy and Sustainability Officer at Prologis Inc. Susan Uthayakumar leads the Prologis' customer-focused sustainability and energy solutions business as Chief Energy and Sustainability Officer.” |
PLD company outlook (results filed Oct 15, 2026)
- “At September 30, 2026, 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 1.3 billion square feet (123 million square meters) in 20 countries.”
Quoted word-for-word from the SEC 8-K results press release.
PLD analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Dec 2026) | $0.71 | $0.77 | -7.1% | $2.25B | 2 |
| Next quarter (ends Mar 2027) | $0.83 | $0.91 | -8.3% | $2.27B | 2 |
| Current fiscal year (ends Dec 2026) | $3.31 | $3.26 | +1.5% | $8.76B | 3 |
| Next fiscal year (ends Dec 2027) | $3.21 | $3.40 | -5.6% | $9.48B | 4 |
PLD options: expected move
Options price a move of about ±10.8% (±$13.65) by Feb 19, 2027, which includes earnings on Jan 20, 2027; the earnings reaction alone is priced at about ±2.8%. Over the last 8 reports the stock moved ±3.9% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 24.7% | ±5.7% |
| Dec 18, 2026 | 56 | 24.0% | ±7.9% |
| Jan 15, 2027 | 84 | 22.8% | ±8.8% |
| Feb 19, 2027 | 119 | 23.5% | ±10.8% |
| Mar 19, 2027 | 147 | 24.4% | ±12.5% |
| May 21, 2027 | 210 | 24.9% | ±15.0% |
| Jun 17, 2027 | 237 | 24.4% | ±15.6% |
| Sep 17, 2027 | 329 | 25.5% | ±18.9% |
30-day implied volatility 23.2% vs 20.2% realized over the last 30 trading days. Put/call ratio (volume) 0.53. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 10:38 UTC)
| Price | USD 126.66 |
|---|---|
| Change | ▼ 0.74% (down) |
| Previous Close | USD 127.6 |
| Open | USD 126.99 |
| Day Range | USD 125.17 – 127.87 |
| 52-Week Range | USD 121.4 – 153.35 |
| Volume | 4,239,136 shares |
| Market Cap | $123.13B |
| Exchange | NYQ |
Technical Analysis (PLD)
Nexqual's technical model rates PLD "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 10:38 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 39.97 (neutral) |
| vs SMA50 | Below (USD 134.64) |
| MACD | -2.22 (negative) |
Analyst Ratings (PLD)
Wall Street analysts rate PLD "Buy" based on 17 analysts, with a mean price target of USD 153.14 (range USD 136–170), per Nexqual as of October 23, 2026 at 10:38 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 17 |
| Mean Target | USD 153.14 |
| High Target | USD 170 |
| Low Target | USD 136 |
| Buy / Hold / Sell | 13 / 4 / 0 |
Earnings (PLD)
| Next Earnings Date | 2027-01-20 |
|---|---|
| EPS Estimate | USD 0.72 |
| Revenue Estimate | $2.25B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-09-30 | USD 0.84 vs est 0.79 ▲ beat |
| 2026-06-30 | USD 1.11 vs est 0.75 ▲ beat |
| 2026-03-31 | USD 1.02 vs est 0.72 ▲ beat |
| 2025-12-31 | USD 1.46 vs est 0.68 ▲ beat |
Source: Nexqual, October 23, 2026 at 10:38 UTC.
Financials & Fundamentals (PLD)
| Total Revenue | $9.89B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +10.20% |
| Gross Margin | +75.71% |
| Operating Margin | +42.95% |
| Profit Margin | +43.07% |
| ROE | +7.71% |
| Debt / Equity | 0.61 |
| Current Ratio | 0.36 |
| Total Cash | $2.27B |
| Total Debt | $36.83B |
Source: Nexqual, October 23, 2026 at 10:38 UTC.
Financial Health Score (PLD)
Nexqual rates Prologis, Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 10:38 UTC.
| Growth | Solid — Revenue +9% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 76%, operating 43% (last 12 months) |
| Balance Sheet | Mixed — $1.77B cash and investments vs $36.4B debt (Jun 2026, SEC) |
| Cash Flow | Solid — Operating cash flow $5.01B (FY ended Dec 2025, 10-K) |
| Efficiency | Mixed — ROE 8%, ROA 2.5% |
Ownership (PLD)
| Insider Ownership | +0.26% |
|---|---|
| Institutional Ownership | +95.95% |
| Shares Outstanding | 950.33M |
| Float | 945.83M |
| Short % of Float | +2.22% |
Source: Nexqual, October 23, 2026 at 10:38 UTC.
Leadership (PLD)
Prologis, Inc. is led by Daniel Stephen Letter, CEO & Director, per Nexqual as of October 23, 2026 at 10:38 UTC.
| CEO & Director | Daniel Stephen Letter |
|---|---|
| Co-Founder & Executive Chairman | Hamid R. Moghadam |
| Chief Financial Officer | Timothy D. Arndt |
| Chief Operating Officer | Carter H. Andrus |
Major Backers & Investors (PLD)
Notable institutional backers of Prologis, Inc. include Cohen & Steers Inc., Apg Asset Management US Inc., JPMorgan, according to Nexqual as of October 23, 2026 at 10:38 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Cohen & Steers Inc. | 2.45% |
| Apg Asset Management US Inc. | 2.07% |
| JPMorgan | 2.06% |
| FMR, LLC | 1.85% |
| Capital Group | 1.71% |
| Fidelity | 1.32% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 12.45% |
| BlackRock | 11.08% |
| State Street | 5.99% |
| Geode Capital | 2.56% |
Source: Nexqual, October 23, 2026 at 10:38 UTC.
From Prologis, Inc.'s Latest SEC 10-K Filing (filed 2026-02-13)
Key Strengths & Strategy (as disclosed to the SEC)
- In the near term, while economic uncertainty related to trade tensions and shifting policies has increased, our proprietary metrics and customer dialogue indicate that customers are engaged and moving forward with real estate decisions.
- Our customer experience teams, proprietary technology and strategic partnerships are central to every aspect of the Prologis Essentials platform.
- At December 31, 2025, in our Real Estate Segment representing our consolidated properties, we had more than 4,000 customers occupying 649 million square feet of logistics operating properties (6,500 customers occupying 1.3 billion square feet for our O&M portfolio).
- Proceeds from property dispositions, typically through contributions of newly developed properties to our co-investment ventures, data center sales or sales of non-strategic assets to third parties, allow us to recycle capital back into our ongoing investment activities, providing the ability to realize long-term value creation.
Partnerships
- We invest in real estate through wholly owned subsidiaries and other entities through which we co-invest with partners and investors ("co-investment ventures").
- Partnering with many of the world's largest institutional investors through co-investment ventures broadens our access to capital, and allows us to expand our investment capacity and enhance and diversify our returns, while mitigating our exposure to foreign currency movements.
Legal & Regulatory Risks (Item 1A, quoted)
- Compliance or failure to comply with regulatory requirements could result in substantial costs.
- We are exposed to the impacts of climate change and could be required to comply with new or stricter regulations, which may result in unanticipated losses that could affect our business and financial condition.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:38 UTC. This page is informational and not investment advice.
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