Last 7 days
6.6%
Last 30 days
3.0%
Last 90 days
10.7%
Trailing 12 Months
-22.2%
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
PSA | 53.0B | 4.2B | 2.18% | -18.90% | 12.18 | 12.66 | 22.43% | 122.66% |
DLR | 28.6B | 4.7B | -1.36% | -27.66% | 75.78 | 6.1 | 5.96% | -77.90% |
EQR | 22.7B | 2.7B | -1.54% | -32.08% | 29.23 | 8.37 | 11.91% | -41.71% |
ARE | 21.4B | 2.6B | -12.12% | -36.55% | 41.11 | 8.28 | 22.46% | -8.68% |
KIM | 13.2B | 1.7B | -4.07% | -25.83% | 104.43 | 7.61 | 26.61% | -85.07% |
MID-CAP | ||||||||
FRT | 8.0B | 1.1B | -7.32% | -17.18% | 20.85 | 7.48 | 12.95% | 47.42% |
KRG | 4.6B | 802.0M | -3.51% | -5.01% | -362.88 | 5.72 | 114.83% | 84.36% |
VNO | 2.9B | 1.8B | -21.50% | -64.10% | -8.51 | 1.64 | 13.26% | -296.88% |
MAC | 2.3B | 859.2M | -11.59% | -29.47% | -34.53 | 2.66 | 1.38% | -563.21% |
SMALL-CAP | ||||||||
SKT | 2.0B | 421.4M | 4.75% | 18.56% | 24.12 | 4.86 | 3.35% | 1705.32% |
SLG | 1.5B | 826.7M | -29.95% | -68.39% | -19.71 | 1.86 | -2.04% | -117.36% |
AIV | 1.1B | 190.3M | 3.36% | 5.05% | 12.23 | 5.92 | 12.08% | 1950.56% |
PGRE | 987.5M | 740.4M | -12.31% | -57.77% | -27.13 | 1.33 | 1.87% | -78.85% |
Income Statement (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Revenue | 8.6% | 5,974 | 5,499 | 4,931 | 4,830 | 4,759 |
S&GA Expenses | 3.6% | 331 | 319 | 299 | 290 | 293 |
EBITDA | -6.9% | 5,813 | 6,242 | 5,981 | 5,982 | - |
EBITDA Margin | -14.3% | 0.97* | 1.14* | 1.21* | 1.24* | - |
Earnings Before Taxes | -16.0% | 3,691 | 4,394 | 4,143 | 4,146 | 3,323 |
EBT Margin | -22.7% | 0.62* | 0.80* | 0.84* | 0.86* | - |
Interest Expenses | 23.1% | 309 | 251 | 251 | 259 | 266 |
Net Income | -16.1% | 3,555 | 4,236 | 3,965 | 3,969 | 3,149 |
Net Income Margin | -22.7% | 0.60* | 0.77* | 0.77* | 0.78* | - |
Free Cahsflow | 15.8% | 4,126 | 3,565 | 3,176 | 3,021 | - |
Balance Sheet | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Assets | 44.2% | 87,897 | 60,946 | 59,764 | 59,780 | 58,486 |
Cash Equivalents | -56.3% | 278 | 636 | 438 | 1,913 | 556 |
Net PPE | - | 118 | - | - | - | - |
Liabilities | 40.7% | 30,034 | 21,339 | 20,890 | 21,318 | 20,744 |
Long Term Debt | 723.3% | 23,876 | 2,900 | 18,041 | 18,369 | 17,715 |
Shareholder's Equity | 50.8% | 53,237 | 35,293 | 38,874 | 38,462 | 33,427 |
Retained Earnings | -46.3% | -457 | -312 | -740 | -764 | -1,327 |
Additional Paid-In Capital | 51.8% | 54,065 | 35,606 | 35,574 | 35,546 | 35,562 |
Shares Outstanding | 24.7% | 923 | 740 | 740 | 740 | 740 |
Minority Interest | 7.2% | 4,626 | 4,313 | 4,298 | 4,290 | 4,315 |
Cashflow (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Cashflow From Operations | 15.8% | 4,126 | 3,565 | 3,176 | 3,021 | 2,996 |
Share Based Compensation | 4.0% | 175 | 169 | 133 | 120 | 113 |
Cashflow From Investing | -4.5% | -4,499 | -4,304 | -3,433 | -1,599 | -1,990 |
Cashflow From Financing | -86.2% | 116 | 838 | 136 | -173 | -1,008 |
Dividend Payments | 11.8% | 2,495 | 2,231 | 2,112 | 1,992 | 1,873 |
Buy Backs | NaN% | 0.00 | 0.00 | - | - | - |
37.7%
35%
10%
Y-axis is the maximum loss one would have experienced if Prologis was unfortunately bought at previous high price.
15.1%
18.7%
17.1%
17.7%
FIve years rolling returns for Prologis.
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-03-27 | Neo Ivy Capital Management | sold off | -100 | -54,000 | - | -% |
2023-03-23 | MetLife Investment Management, LLC | added | 22.67 | 7,207,610 | 27,171,200 | 0.22% |
2023-03-23 | ETF MANAGERS GROUP, LLC | added | 4.71 | 70,339 | 503,339 | 0.02% |
2023-03-17 | American Portfolios Advisors | added | 0.27 | -100,795 | 650,609 | 0.03% |
2023-03-15 | B. Riley Wealth Advisors, Inc. | added | 5.08 | 197,558 | 1,396,560 | 0.04% |
2023-03-10 | BAILLIE GIFFORD & CO | added | 4.18 | 4,949,730 | 36,701,700 | 0.04% |
2023-03-10 | MATHER GROUP, LLC. | new | - | 697,153 | 697,153 | 0.01% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | added | 14.45 | 18,685,400 | 87,915,400 | 0.10% |
2023-03-08 | Capital Asset Advisory Services LLC | reduced | -33.08 | -97,290 | 327,710 | 0.03% |
2023-03-06 | Rockefeller Capital Management L.P. | added | 2.88 | 3,635,000 | 29,322,000 | 0.15% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Feb 09, 2023 | vanguard group inc | 13.20% | 121,813,945 | SC 13G/A | |
Feb 07, 2023 | state street corp | 6.71% | 61,924,614 | SC 13G/A | |
Jan 24, 2023 | blackrock inc. | 9.8% | 90,770,245 | SC 13G/A | |
Feb 11, 2022 | state street corp | 6.36% | 47,020,804 | SC 13G/A | |
Jan 27, 2022 | blackrock inc. | 10.4% | 77,044,162 | SC 13G/A | |
Jan 26, 2022 | blackrock inc. | 10.4% | 77,044,162 | SC 13G/A | |
Feb 10, 2021 | state street corp | 5.66% | 41,816,183 | SC 13G | |
Feb 10, 2021 | vanguard group inc | 12.60% | 93,088,245 | SC 13G/A | |
Jan 27, 2021 | blackrock inc. | 10.3% | 76,214,355 | SC 13G/A | |
May 08, 2020 | blackrock inc. | 10.1% | 74,253,169 | SC 13G/A |
Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
---|---|---|---|---|---|
Very Low Inflation | 93.37 -25.17% | 119.16 -4.50% | 169.25 35.65% | 229.87 84.23% | 295.84 137.11% |
Current Inflation | 86.07 -31.02% | 107.98 -13.46% | 149.84 20.09% | 200.46 60.66% | 255.35 104.66% |
Very High Inflation | 77.16 -38.16% | 94.60 -24.18% | 127.21 1.96% | 166.66 33.57% | 209.24 67.70% |
Date Filed | Form Type | Document | |
---|---|---|---|
Mar 31, 2023 | 4 | Insider Trading | |
Mar 30, 2023 | 8-K | Current Report | |
Mar 24, 2023 | ARS | ARS | |
Mar 24, 2023 | DEF 14A | DEF 14A | |
Mar 24, 2023 | DEFA14A | DEFA14A | |
Feb 14, 2023 | 10-K | Annual Report | |
Feb 09, 2023 | SC 13G/A | Major Ownership Report | |
Feb 07, 2023 | SC 13G/A | Major Ownership Report | |
Jan 31, 2023 | 8-K | Current Report | |
Jan 26, 2023 | 4 | Insider Trading |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2022-11-28 | OCONNOR DAVID P | bought | 1,027,170 | 114 | 9,000 | - |
2022-11-17 | Connor James B. | gifted | - | - | -2,654 | - |
2022-10-05 | Connor James B. | gifted | - | - | 124 | - |
2022-10-03 | Anderson Gary E | acquired | - | - | 21.00 | chief operating officer |
2022-10-03 | Connor James B. | acquired | - | - | 7,140 | - |
2022-10-03 | Modjtabai Avid | acquired | - | - | 21.00 | - |
2022-10-03 | NEKRITZ EDWARD S | acquired | - | - | 150 | chief legal off./gen. counsel |
2022-10-03 | Arndt Timothy D | acquired | - | - | 7.00 | chief financial officer |
2022-10-03 | Connor James B. | acquired | - | - | 4,110 | - |
2022-10-03 | Connor James B. | acquired | - | - | 70,756 | - |
Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||||||
---|---|---|---|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |||||
Revenues: | |||||||
Rental | $ 4,913,171 | $ 4,147,994 | $ 3,791,131 | ||||
Strategic capital | 1,039,585 | 590,750 | 636,987 | ||||
Development management and other | 20,936 | 20,696 | 10,617 | ||||
Total revenues | 5,973,692 | 4,759,440 | 4,438,735 | ||||
Expenses: | |||||||
Rental | 1,205,738 | 1,041,316 | 952,063 | ||||
Strategic capital | 303,356 | 207,171 | 218,041 | ||||
General and administrative | 331,083 | 293,167 | 274,845 | ||||
Depreciation and amortization | 1,812,777 | 1,577,942 | 1,561,969 | ||||
Other | 40,336 | 22,435 | 30,010 | ||||
Total expenses | 3,693,290 | 3,142,031 | 3,036,928 | ||||
Operating income before gains on real estate transactions, net | 2,280,402 | 1,617,409 | 1,401,807 | ||||
Gains on dispositions of development properties and land, net | 597,745 | 817,017 | 464,942 | ||||
Gains on other dispositions of investments in real estate, net | [1] | 589,391 | 772,570 | 252,195 | |||
Operating income | 3,467,538 | 3,206,996 | 2,118,944 | ||||
Other income (expense): | |||||||
Earnings from unconsolidated entities, net | 310,872 | 404,255 | 297,370 | ||||
Interest expense | (309,037) | (266,228) | (314,507) | ||||
Foreign currency and derivative gains (losses) and other income (expense), net | 241,621 | 165,278 | (166,429) | ||||
Losses on early extinguishment of debt, net | (20,184) | (187,453) | (188,290) | ||||
Total other income (expense) | 223,272 | 115,852 | (371,856) | ||||
Earnings before income taxes | 3,690,810 | 3,322,848 | 1,747,088 | ||||
Total income tax expense | (135,412) | (174,258) | (130,458) | ||||
Consolidated net earnings | 3,555,398 | 3,148,590 | 1,616,630 | ||||
Less net earnings attributable to noncontrolling interests | 190,542 | 208,867 | 134,816 | ||||
Net earnings attributable to controlling interests | 3,364,856 | 2,939,723 | 1,481,814 | ||||
Less preferred stock/unit dividends/distributions | 6,060 | 6,152 | 6,345 | ||||
Loss on preferred stock/unit repurchase | 0 | 0 | 2,347 | ||||
Net earnings attributable to common stockholders/unitholders | $ 3,358,796 | $ 2,933,571 | $ 1,473,122 | ||||
Weighted average common shares/units outstanding - Basic | 785,675 | 739,363 | 728,323 | ||||
Weighted average common shares/units outstanding - Diluted | [2] | 811,608 | 764,762 | 754,414 | |||
Net earnings per share/unit attributable to common stockholders/unitholders - Basic | $ 4.28 | $ 3.97 | $ 2.02 | ||||
Net earnings per share/unit attributable to common stockholders/unitholders - Diluted | $ 4.25 | $ 3.94 | $ 2.01 | ||||
Prologis, L.P. [Member] | |||||||
Revenues: | |||||||
Rental | $ 4,913,171 | $ 4,147,994 | $ 3,791,131 | ||||
Strategic capital | 1,039,585 | 590,750 | 636,987 | ||||
Development management and other | 20,936 | 20,696 | 10,617 | ||||
Total revenues | 5,973,692 | 4,759,440 | 4,438,735 | ||||
Expenses: | |||||||
Rental | 1,205,738 | 1,041,316 | 952,063 | ||||
Strategic capital | 303,356 | 207,171 | 218,041 | ||||
General and administrative | 331,083 | 293,167 | 274,845 | ||||
Depreciation and amortization | 1,812,777 | 1,577,942 | 1,561,969 | ||||
Other | 40,336 | 22,435 | 30,010 | ||||
Total expenses | 3,693,290 | 3,142,031 | 3,036,928 | ||||
Operating income before gains on real estate transactions, net | 2,280,402 | 1,617,409 | 1,401,807 | ||||
Gains on dispositions of development properties and land, net | 597,745 | 817,017 | 464,942 | ||||
Gains on other dispositions of investments in real estate, net | 589,391 | 772,570 | 252,195 | ||||
Operating income | 3,467,538 | 3,206,996 | 2,118,944 | ||||
Other income (expense): | |||||||
Earnings from unconsolidated entities, net | 310,872 | 404,255 | 297,370 | ||||
Interest expense | (309,037) | (266,228) | (314,507) | ||||
Foreign currency and derivative gains (losses) and other income (expense), net | 241,621 | 165,278 | (166,429) | ||||
Losses on early extinguishment of debt, net | (20,184) | (187,453) | (188,290) | ||||
Total other income (expense) | 223,272 | 115,852 | (371,856) | ||||
Earnings before income taxes | 3,690,810 | 3,322,848 | 1,747,088 | ||||
Total income tax expense | (135,412) | (174,258) | (130,458) | ||||
Consolidated net earnings | 3,555,398 | 3,148,590 | 1,616,630 | ||||
Less net earnings attributable to noncontrolling interests | 98,611 | 127,075 | 93,195 | ||||
Net earnings attributable to controlling interests | 3,456,787 | 3,021,515 | 1,523,435 | ||||
Less preferred stock/unit dividends/distributions | 6,060 | 6,152 | 6,345 | ||||
Loss on preferred stock/unit repurchase | 0 | 0 | 2,347 | ||||
Net earnings attributable to common stockholders/unitholders | $ 3,450,727 | $ 3,015,363 | $ 1,514,743 | ||||
Weighted average common shares/units outstanding - Basic | 799,153 | 751,973 | 740,860 | ||||
Weighted average common shares/units outstanding - Diluted | [2] | 811,608 | 764,762 | 754,414 | |||
Net earnings per share/unit attributable to common stockholders/unitholders - Basic | $ 4.28 | $ 3.97 | $ 2.02 | ||||
Net earnings per share/unit attributable to common stockholders/unitholders - Diluted | $ 4.25 | $ 3.94 | $ 2.01 | ||||
|
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
---|---|---|
ASSETS | ||
Investments in real estate properties | $ 81,623,396 | $ 53,005,190 |
Less accumulated depreciation | 9,036,085 | 7,668,187 |
Net investments in real estate properties | 72,587,311 | 45,337,003 |
Investments in and advances to unconsolidated entities | 9,698,898 | 8,610,958 |
Assets held for sale or contribution | 531,257 | 669,688 |
Net investments in real estate | 82,817,466 | 54,617,649 |
Cash and cash equivalents | 278,483 | 556,117 |
Other assets | 4,801,499 | 3,312,454 |
Total assets | 87,897,448 | 58,486,220 |
Liabilities: | ||
Debt | 23,875,961 | 17,715,054 |
Accounts payable and accrued expenses | 1,711,885 | 1,252,767 |
Other liabilities | 4,446,509 | 1,776,189 |
Total liabilities | 30,034,355 | 20,744,010 |
Prologis, Inc. stockholders’ equity: | ||
Series Q preferred stock at stated liquidation preference of $50 per share; $0.01 par value; 1,279 shares issued and outstanding and 100,000 preferred shares authorized at December 31, 2022 and 2021 | 63,948 | 63,948 |
Common stock; $0.01 par value; 923,142 and 739,827 shares issued and outstanding at December 31, 2022 and 2021, respectively | 9,231 | 7,398 |
Additional paid-in capital | 54,065,407 | 35,561,608 |
Accumulated other comprehensive loss | (443,609) | (878,253) |
Distributions in excess of net earnings | (457,695) | (1,327,828) |
Total Prologis, Inc. stockholders’ equity | 53,237,282 | 33,426,873 |
Noncontrolling interests | 4,625,811 | 4,315,337 |
Total equity | 57,863,093 | 37,742,210 |
Total liabilities and equity | 87,897,448 | 58,486,220 |
Partners’ capital: | ||
Noncontrolling interests | 4,625,811 | 4,315,337 |
Total equity | 57,863,093 | 37,742,210 |
Prologis, L.P. [Member] | ||
ASSETS | ||
Investments in real estate properties | 81,623,396 | 53,005,190 |
Less accumulated depreciation | 9,036,085 | 7,668,187 |
Net investments in real estate properties | 72,587,311 | 45,337,003 |
Investments in and advances to unconsolidated entities | 9,698,898 | 8,610,958 |
Assets held for sale or contribution | 531,257 | 669,688 |
Net investments in real estate | 82,817,466 | 54,617,649 |
Cash and cash equivalents | 278,483 | 556,117 |
Other assets | 4,801,499 | 3,312,454 |
Total assets | 87,897,448 | 58,486,220 |
Liabilities: | ||
Debt | 23,875,961 | 17,715,054 |
Accounts payable and accrued expenses | 1,711,885 | 1,252,767 |
Other liabilities | 4,446,509 | 1,776,189 |
Total liabilities | 30,034,355 | 20,744,010 |
Prologis, Inc. stockholders’ equity: | ||
Noncontrolling interests | 3,317,767 | 3,397,538 |
Partners’ capital: | ||
Total partners’ capital | 54,545,326 | 34,344,672 |
Noncontrolling interests | 3,317,767 | 3,397,538 |
Total capital | 57,863,093 | 37,742,210 |
Total liabilities and equity | 87,897,448 | 58,486,220 |
Prologis, L.P. [Member] | Preferred [Member] | ||
Partners’ capital: | ||
General partner | 63,948 | 63,948 |
Prologis, L.P. [Member] | Common [Member] | ||
Partners’ capital: | ||
General partner | 53,173,334 | 33,362,925 |
Limited partners | 843,263 | 557,097 |
Prologis, L.P. [Member] | Class A Common [Member] | ||
Partners’ capital: | ||
Limited partners | $ 464,781 | $ 360,702 |