Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. More Details
Established dividend payer with mediocre balance sheet.
Share Price & News
How has Prologis's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PLD is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: PLD's weekly volatility (3%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: PLD underperformed the US REITs industry which returned 33.5% over the past year.
Return vs Market: PLD underperformed the US Market which returned 52.8% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Prologis's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StPrologis, Inc.'s (NYSE:PLD) Stock Has Shown A Decent Performance: Have Financials A Role To Play?
2 months ago | Simply Wall StShareholders Of Prologis (NYSE:PLD) Must Be Happy With Their 216% Total Return
3 months ago | Simply Wall StDid Prologis, Inc. (NYSE:PLD) Insiders Sell Shares?
Is Prologis undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PLD ($114.72) is trading below our estimate of fair value ($119.32)
Significantly Below Fair Value: PLD is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: PLD is poor value based on its PE Ratio (62.8x) compared to the US REITs industry average (45.9x).
PE vs Market: PLD is poor value based on its PE Ratio (62.8x) compared to the US market (20.4x).
Price to Earnings Growth Ratio
PEG Ratio: PLD is poor value based on its PEG Ratio (8.3x)
Price to Book Ratio
PB vs Industry: PLD is overvalued based on its PB Ratio (2.7x) compared to the US REITs industry average (1.8x).
How is Prologis forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PLD's forecast earnings growth (7.6% per year) is above the savings rate (2%).
Earnings vs Market: PLD's earnings (7.6% per year) are forecast to grow slower than the US market (15.7% per year).
High Growth Earnings: PLD's earnings are forecast to grow, but not significantly.
Revenue vs Market: PLD's revenue (8.4% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: PLD's revenue (8.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PLD's Return on Equity is forecast to be low in 3 years time (6.4%).
How has Prologis performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PLD has a large one-off gain of $380.2M impacting its March 31 2021 financial results.
Growing Profit Margin: PLD's current net profit margins (27.6%) are lower than last year (45.4%).
Past Earnings Growth Analysis
Earnings Trend: PLD's earnings have grown by 9.1% per year over the past 5 years.
Accelerating Growth: PLD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PLD had negative earnings growth (-21%) over the past year, making it difficult to compare to the REITs industry average (-8.5%).
Return on Equity
High ROE: PLD's Return on Equity (4.1%) is considered low.
How is Prologis's financial position?
Financial Position Analysis
Short Term Liabilities: PLD's short term assets ($1.8B) exceed its short term liabilities ($1.2B).
Long Term Liabilities: PLD's short term assets ($1.8B) do not cover its long term liabilities ($18.2B).
Debt to Equity History and Analysis
Debt Level: PLD's debt to equity ratio (45.2%) is considered high.
Reducing Debt: PLD's debt to equity ratio has reduced from 63.7% to 45.2% over the past 5 years.
Debt Coverage: PLD's debt is not well covered by operating cash flow (18.7%).
Interest Coverage: PLD's interest payments on its debt are well covered by EBIT (5.7x coverage).
What is Prologis's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: PLD's dividend (2.2%) is higher than the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: PLD's dividend (2.2%) is low compared to the top 25% of dividend payers in the US market (3.42%).
Stability and Growth of Payments
Stable Dividend: PLD's dividends per share have been stable in the past 10 years.
Growing Dividend: PLD's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (60.6%), PLD's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PLD's dividends in 3 years are forecast to be covered by earnings (54.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Hamid Moghadam (63 yo)
Mr. Hamid R. Moghadam has been Chief Executive Officer at Prologis, Inc. since December 31, 2012. Mr. Moghadam served as the Co-Chief Executive Officer from June 2011 to December 31, 2012 and is primarily ...
CEO Compensation Analysis
Compensation vs Market: Hamid's total compensation ($USD34.43M) is above average for companies of similar size in the US market ($USD11.15M).
Compensation vs Earnings: Hamid's compensation has been consistent with company performance over the past year.
Experienced Management: PLD's management team is seasoned and experienced (8.7 years average tenure).
Experienced Board: PLD's board of directors are considered experienced (9.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Prologis, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Prologis, Inc.
- Ticker: PLD
- Exchange: NYSE
- Founded: 1991
- Industry: Industrial REITs
- Sector: Real Estate
- Implied Market Cap: US$85.008b
- Market Cap: US$83.602b
- Shares outstanding: 752.22m
- Website: https://www.prologis.com
Number of Employees
- Prologis, Inc.
- Pier 1
- Bay 1
- San Francisco
- United States
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 ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/06 22:21|
|End of Day Share Price||2021/05/06 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.