Prologis (PLD)
Real Estate · Industrial logistics real estate
Prologis is a global logistics real estate REIT that owns and operates industrial warehouses and distribution centers optimized for e-commerce and supply chain fulfillment.
What Prologis does
Prologis is a self-administered, self-managed REIT that invests in and operates industrial logistics properties globally, including warehouses and distribution centers. The company manages its portfolio on an owned-and-managed basis across consolidated properties and unconsolidated co-investment ventures, generating revenue through rental income, strategic capital management, and development services. At year-end 2025, the company had net investments in real estate of approximately $91.7 billion and maintained high occupancy (95.6%) with strong embedded rent growth from lease mark-to-market dynamics.
Themes: ["Industrial real estate / logistics","E-commerce supply chain","Global logistics infrastructure","REIT dividend income","Data center real estate","Co-investment ventures"]
Fundamentals
- Price$141.36 as of 2026-07-09 close
- Market cap$134.4B as of 2026-07-10
- 1-year return+32.9% as of 2026-07-09 close
- P/E36.15 as of 2026-07-10
- Net margin+41.5% as of 2026-07-10
- Gross margin+74.4% as of 2026-07-10
- ROE+7.0% as of 2026-07-10
- Debt / equity0.65 as of 2026-07-10
- Revenue growth (YoY)+6.7% as of 2026-07-10
- Revenue CAGR (3y)+13.7% SEC XBRL
- Beta1.34 as of 2026-07-10
Dividend: yield +3.0%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Economic uncertainty and potential tariff policy impacts that could reduce customer demand for logistics space and property development activity","Lease mark-to-market and rental rate risk: recent quarters show lower or negative market rental growth, which could pressure future revenue and occupancy rates despite currently favorable 18% mark-to-market position","Concentration risk in e-commerce and supply chain dependent tenants whose operational disruptions or economic downturns could impact occupancy and rental collections"]
Competitors & peers
- Duke Realty Corporation (DRE)
- Terreno Realty (TRNO)
- EastGroup Properties (EGP)
- First Industrial Realty Trust (FR)
- Monmouth Real Estate Investment Corporation
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.