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Prologis Inc Stock Research

PLD

107.42USD-2.08(-1.90%)Delayedas of 03 Oct 2023, 01:16 pm
Watchlist

Market Summary

USD107.42-2.08
Delayedas of 03 Oct 2023, 01:16 pm
-1.90%

PLD Alerts

PLD Stock Price

PLD RSI Chart

PLD Valuation

Market Cap

101.2B

Price/Earnings (Trailing)

30.02

Price/Sales (Trailing)

13.1

EV/EBITDA

20.36

Price/Free Cashflow

21.03

PLD Price/Sales (Trailing)

PLD Profitability

EBT Margin

45.57%

Return on Equity

5.3%

Return on Assets

3.16%

Free Cashflow Yield

4.76%

PLD Fundamentals

PLD Revenue

Revenue (TTM)

7.7B

Revenue Y/Y

95.75%

Revenue Q/Q

38.58%

PLD Earnings

Earnings (TTM)

3.4B

Earnings Y/Y

98.89%

Earnings Q/Q

161.72%

Price Action

52 Week Range

98.03136.67
(Low)(High)

Last 7 days

-3.3%

Last 30 days

-12.1%

Last 90 days

-11.6%

Trailing 12 Months

7.8%

PLD Financial Health

Debt/Equity

0.48

Debt/Cashflow

0.17

PLD Investor Care

Dividend Yield

3.03%

Dividend/Share (TTM)

3.32

Shares Dilution (1Y)

24.74%

Diluted EPS (TTM)

3.8

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for PLD

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-08-01
FOTIADES GEORGE L
sold
-1,327,910
123
-10,710
-
2023-07-31
FOTIADES GEORGE L
gifted
-
-
-4,000
-
2023-06-27
Connor James B.
sold
-861,746
119
-7,240
-
2023-05-04
ZOLLARS WILLIAM D
acquired
-
-
3,232
-
2023-04-29
Modjtabai Avid
acquired
-
-
2,261
-
2023-04-29
WEBB CARL B
acquired
-
-
2,261
-
2023-04-29
SKELTON JEFFREY L
acquired
-
-
2,261
-
2023-04-29
KENNARD LYDIA H
acquired
-
-
2,261
-
2023-04-29
Piani Olivier
sold (taxes)
-84,919
125
-678
-
2023-04-29
BITA CRISTINA GABRIELA
acquired
-
-
2,261
-

1–10 of 50

Which funds bought or sold PLD recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-26
M Holdings Securities, Inc.
reduced
-13.09
-144,000
979,000
0.20%
2023-09-26
BROOKFIELD Corp /ON/
reduced
-8.01
-21,400,200
201,768,000
0.80%
2023-09-26
DecisionPoint Financial, LLC
unchanged
-
-173
9,934
-%
2023-09-21
Baystate Wealth Management LLC
added
3.26
748
46,702
-%
2023-09-21
Halpern Financial, Inc.
sold off
-
-
-
-%
2023-09-21
Jefferies Group LLC
new
-
426,720
426,720
-%
2023-09-20
BARCLAYS PLC
added
76.95
119,049,000
280,125,000
0.18%
2023-09-15
CJM Wealth Advisers, Ltd.
unchanged
-
-4,322
247,713
0.13%
2023-09-14
IMS Capital Management
added
2.56
2,143
270,399
0.15%
2023-09-12
Farther Finance Advisors, LLC
added
50.55
76,586
236,348
0.05%

1–10 of 47

Latest Funds Activity

Are funds buying PLD calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own PLD
No. of Funds

Schedule 13G FIlings of Prologis

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Jun 08, 2023
blackrock inc.
10.0%
92,769,654
SC 13G/A
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

Recent SEC filings of Prologis

View All Filings
Date Filed Form Type Document
Aug 31, 2023
8-K
Current Report
Aug 22, 2023
4
Insider Trading
Aug 22, 2023
4
Insider Trading
Aug 22, 2023
4
Insider Trading
Aug 22, 2023
4
Insider Trading
Aug 22, 2023
4
Insider Trading
Aug 22, 2023
4
Insider Trading
Aug 02, 2023
4
Insider Trading
Aug 01, 2023
144
Notice of Insider Sale Intent
Jul 26, 2023
10-Q
Quarterly Report

Peers (Alternatives to Prologis)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
48.1B
4.4B
-0.64% -17.74%
11.24
10.95
14.80% 87.79%
35.4B
5.1B
-10.51% 21.93%
82.68
6.9
13.73% -68.04%
21.9B
2.0B
-9.58% -13.91%
26.32
10.88
-22.97% -33.54%
20.0B
2.7B
-16.05% -29.97%
26.64
7.46
15.16% 88.51%
10.6B
1.8B
-9.43% -7.12%
26.2
6.03
6.75% -42.80%
MID-CAP
7.2B
1.1B
-9.72% -1.76%
18.62
6.52
8.31% 38.10%
4.6B
820.5M
-7.18% 23.16%
163.68
5.6
29.95% 125.56%
4.2B
1.8B
-10.24% -2.78%
-11.27
2.3
5.60% -286.96%
2.3B
866.2M
-8.46% 38.20%
-26.75
2.69
0.51% -335.26%
SMALL-CAP
2.4B
882.0M
-7.85% -1.63%
-5.34
2.67
11.76% -239.94%
2.3B
426.3M
-3.29% 65.38%
24.82
5.51
1.38% 137.97%
973.5M
732.3M
-12.67% -28.09%
-11.42
1.33
-0.03% -4012.90%
955.8M
339.3M
-13.75% -8.90%
-5.41
2.82
88.48% -168.70%

Prologis News

Nasdaq
First Week of PLD November 17th Options Trading.
Nasdaq,
2 hours ago
The Motley Fool
3 Top REIT Stocks to Buy in October.
The Motley Fool,
3 hours ago
Best Stocks
Marketscreener.com

Returns for PLD

Cumulative Returns on PLD

14.0%


10-Year Cumulative Returns

13.5%


7-Year Cumulative Returns

12.7%


5-Year Cumulative Returns

3.0%


3-Year Cumulative Returns

Risks for PLD

What is the probability of a big loss on PLD?

46.1%


Probability that Prologis stock will be more than 20% underwater in next one year

36.1%


Probability that Prologis stock will be more than 30% underwater in next one year.

10.8%


Probability that Prologis stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does PLD drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Prologis was unfortunately bought at previous high price.

Drawdowns

Financials for Prologis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue18.4%7,7226,5235,9745,4994,9314,8304,7594,5944,4944,6094,4394,1534,0133,5373,3313,3123,0522,8832,8042,6172,538
Operating Expenses-------------------1,9571,8531,779
  S&GA Expenses3.5%369356331319299290293285293283275274265267267258255246239242237
EBITDA-100.0%-5,3725,8136,2425,9815,9825,1674,2093,7243,5443,6243,5783,5983,3983,156------
EBITDA Margin-100.0%-0.82*0.97*1.14*1.21*1.24*1.09*0.92*0.83*0.77*0.82*0.86*0.90*0.96*0.95*------
Interest Expenses23.5%471381309251251259266280297310315298277255240242246243229230230
Earnings Before Taxes22.3%3,6352,9733,6914,3944,1434,1463,3232,3311,8181,6201,7471,8462,0051,9411,7762,0381,9231,8651,8861,5282,070
EBT Margin-100.0%-0.46*0.62*0.80*0.84*0.86*0.70*0.51*0.40*0.35*0.39*0.44*0.50*0.55*0.53*------
Net Income21.9%3,3702,7653,4514,1323,8613,9003,1492,1561,6911,4951,6171,7351,8931,8491,7021,9661,8511,8051,8231,4712,009
Net Income Margin-100.0%-0.43*0.58*0.77*0.77*0.78*0.63*0.44*0.35*0.30*0.34*0.39*0.44*0.50*0.48*------
Free Cashflow-100.0%-4,3994,1263,5653,1763,0212,9962,8843,0483,0752,9372,9502,6162,4482,264------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets4.4%92,39288,52187,89760,94659,76459,78058,48657,01756,44155,73356,06555,76055,22255,00740,03239,44838,70738,39238,41838,26829,503
    Cash Equivalents1.6%5315232786364381,9135565856016765989405498081,0891,025401251344276528
Liabilities10.5%34,31431,05630,03421,33920,89021,31820,74420,25919,96119,34819,74019,27018,47618,23113,96013,51312,92912,56812,61712,83110,776
  Long Term Debt11.8%28,12925,15323,8762,90018,04118,36917,71517,13616,98516,50316,84916,51815,66715,67711,90611,45910,96810,70611,09011,2329,427
Shareholder's Equity-7.0%53,46657,46553,23735,29338,87438,46237,74236,75736,48136,38536,32536,48936,74636,77626,07225,93625,77725,82425,80125,43818,727
  Retained Earnings51.1%-390-799-457-312-740-764-1,327-2,107-2,363-2,495-2,394-2,245-2,115-2,090-2,151-2,201-2,317-2,366-2,378-2,672-2,716
  Additional Paid-In Capital0.1%54,11654,05854,06535,60635,57435,54635,56235,52735,43335,45435,48935,45635,42435,41625,71925,69425,65225,65425,68625,67519,322
Shares Outstanding0.0%924923923740741740740739739739739738738698632631630630630575533
Minority Interest-0.4%4,6124,6304,6264,3134,2984,2904,3154,2514,3754,3774,3534,3924,5034,5163,4193,4183,4473,4903,5033,4073,088
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations9.3%4,8104,3994,1263,5653,1763,0212,9962,8843,0483,0752,9372,9502,6162,4482,2642,1772,0341,9491,8041,6011,715
  Share Based Compensation26.9%25019717516913312011310810911311011110598.0098.0091.0089.0088.0076.0077.0078.00
Cashflow From Investing-20.9%-7,053-5,831-4,499-4,304-3,433-1,599-1,990-1,391-1,339-1,172-3,074-2,982-3,018-2,854-685-301-395-656-663-442527
Cashflow From Financing5016.3%2,33946.00116838136-173-1,008-1,824-1,641-2,014-372-62.18549959-839-1,126-1,765-1,484-1,232-1,438-1,980
  Dividend Payments8.1%2,9332,7142,4952,2312,1121,9921,8731,8351,7971,7601,7231,6291,5351,4401,3461,3131,2801,2021,1231,055987
  Buy Backs---------0.03-0.03-0.0335.0035.0035.0035.00-------

PLD Income Statement

2023-06-30
Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:    
Rental$ 1,651,454$ 1,093,452$ 3,285,224$ 2,170,313
Strategic capital799,035156,239933,736290,164
Development management and other4822,38959810,731
Total revenues2,450,9711,252,0804,219,5582,471,208
Expenses:    
Rental387,938270,465800,492546,139
Strategic capital150,90657,052222,615108,863
General and administrative95,64783,114195,424157,760
Depreciation and amortization602,168402,3131,204,535798,960
Other12,16011,62119,34421,210
Total expenses1,248,819824,5652,442,4101,632,932
Operating income before gains on real estate transactions, net1,202,152427,5151,777,148838,276
Gains on dispositions of development properties and land, net184,877105,802184,877316,008
Gains on other dispositions of investments in real estate, net[1]24,761028,808584,835
Operating income1,411,790533,3171,990,8331,739,119
Other income (expense):    
Earnings from unconsolidated entities, net70,64279,594146,421156,556
Interest expense(149,818)(60,293)(285,829)(124,357)
Foreign currency and derivative gains and other income, net26,104144,38234,718192,791
Gain (losses) on early extinguishment of debt, net0(730)3,275(18,895)
Total other income (expense)(53,072)162,953(101,415)206,095
Earnings before income taxes1,358,718696,2701,889,4181,945,214
Income tax expense(79,227)(49,834)(111,298)(79,056)
Consolidated net earnings1,279,491646,4361,778,1201,866,158
Less net earnings attributable to noncontrolling interests63,46335,04397,469103,980
Net earnings attributable to controlling interests1,216,028611,3931,680,6511,762,178
Less preferred stock/unit dividends/distributions1,4751,5382,9283,069
Net earnings attributable to common stockholders/unitholders$ 1,214,553$ 609,855$ 1,677,723$ 1,759,109
Weighted average common shares/units outstanding - Basic924,191740,637924,087740,506
Weighted average common shares/units outstanding - Diluted[2]951,706766,074951,638765,859
Net earnings per share/unit attributable to common stockholders/unitholders - Basic$ 1.31$ 0.82$ 1.82$ 2.38
Net earnings per share/unit attributable to common stockholders/unitholders - Diluted$ 1.31$ 0.82$ 1.81$ 2.36
Prologis, L.P. [Member]    
Revenues:    
Rental$ 1,651,454$ 1,093,452$ 3,285,224$ 2,170,313
Strategic capital799,035156,239933,736290,164
Development management and other4822,38959810,731
Total revenues2,450,9711,252,0804,219,5582,471,208
Expenses:    
Rental387,938270,465800,492546,139
Strategic capital150,90657,052222,615108,863
General and administrative95,64783,114195,424157,760
Depreciation and amortization602,168402,3131,204,535798,960
Other12,16011,62119,34421,210
Total expenses1,248,819824,5652,442,4101,632,932
Operating income before gains on real estate transactions, net1,202,152427,5151,777,148838,276
Gains on dispositions of development properties and land, net184,877105,802184,877316,008
Gains on other dispositions of investments in real estate, net24,761028,808584,835
Operating income1,411,790533,3171,990,8331,739,119
Other income (expense):    
Earnings from unconsolidated entities, net70,64279,594146,421156,556
Interest expense(149,818)(60,293)(285,829)(124,357)
Foreign currency and derivative gains and other income, net26,104144,38234,718192,791
Gain (losses) on early extinguishment of debt, net0(730)3,275(18,895)
Total other income (expense)(53,072)162,953(101,415)206,095
Earnings before income taxes1,358,718696,2701,889,4181,945,214
Income tax expense(79,227)(49,834)(111,298)(79,056)
Consolidated net earnings1,279,491646,4361,778,1201,866,158
Less net earnings attributable to noncontrolling interests32,86317,61255,22054,278
Net earnings attributable to controlling interests1,246,628628,8241,722,9001,811,880
Less preferred stock/unit dividends/distributions1,4751,5382,9283,069
Net earnings attributable to common stockholders/unitholders$ 1,245,153$ 627,286$ 1,719,972$ 1,808,811
Weighted average common shares/units outstanding - Basic939,250753,610939,276753,420
Weighted average common shares/units outstanding - Diluted[2]951,706766,074951,638765,859
Net earnings per share/unit attributable to common stockholders/unitholders - Basic$ 1.31$ 0.82$ 1.82$ 2.38
Net earnings per share/unit attributable to common stockholders/unitholders - Diluted$ 1.31$ 0.82$ 1.81$ 2.36
[1]During the three and six months ended June 30, 2023, we sold our ownership interest in an unconsolidated office joint venture.
[2]Our total weighted average potentially dilutive shares and units outstanding consisted of the following:

PLD Balance Sheet

2023-06-30
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS  
Investments in real estate properties$ 86,550,420$ 81,623,396
Less accumulated depreciation9,977,2079,036,085
Net investments in real estate properties76,573,21372,587,311
Investments in and advances to unconsolidated entities9,931,2619,698,898
Assets held for sale or contribution616,571531,257
Net investments in real estate87,121,04582,817,466
Cash and cash equivalents531,110278,483
Other assets4,739,8864,801,499
Total assets92,392,04187,897,448
Liabilities:  
Debt28,129,47323,875,961
Accounts payable and accrued expenses1,582,2051,711,885
Other liabilities4,602,5394,446,509
Total liabilities34,314,21730,034,355
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 June 30, 2023 and December 31, 202263,94863,948
Common stock; $0.01 par value; 923,861 shares and 923,142 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively9,2399,231
Additional paid-in capital54,115,59254,065,407
Accumulated other comprehensive loss(332,370)(443,609)
Distributions in excess of net earnings(390,779)(457,695)
Total Prologis, Inc. stockholders’ equity53,465,63053,237,282
Noncontrolling interests4,612,1944,625,811
Total equity58,077,82457,863,093
Total liabilities and equity92,392,04187,897,448
Prologis, L.P. [Member]  
ASSETS  
Investments in real estate properties86,550,42081,623,396
Less accumulated depreciation9,977,2079,036,085
Net investments in real estate properties76,573,21372,587,311
Investments in and advances to unconsolidated entities9,931,2619,698,898
Assets held for sale or contribution616,571531,257
Net investments in real estate87,121,04582,817,466
Cash and cash equivalents531,110278,483
Other assets4,739,8864,801,499
Total assets92,392,04187,897,448
Liabilities:  
Debt28,129,47323,875,961
Accounts payable and accrued expenses1,582,2051,711,885
Other liabilities4,602,5394,446,509
Total liabilities34,314,21730,034,355
Prologis, Inc. stockholders’ equity:  
Noncontrolling interests3,302,4013,317,767
Total capital58,077,82457,863,093
Total liabilities and equity92,392,04187,897,448
Partners’ capital:  
Total partners’ capital54,775,42354,545,326
Prologis, L.P. [Member] | Preferred [Member]  
Partners’ capital:  
General partner63,94863,948
Prologis, L.P. [Member] | Common [Member]  
Partners’ capital:  
General partner53,401,68253,173,334
Limited partners840,369843,263
Prologis, L.P. [Member] | Class A Common [Member]  
Partners’ capital:  
Limited partners$ 469,424$ 464,781
Hamid R. Moghadam
2050
Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2020, 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 984 million square feet (91 million square meters) in 19 countries. Prologis leases modern logistics facilities to a diverse base of approximately 5,500 customers principally across two major categories: business-to-business and retail/online fulfillment.