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Prologis

PLD

Prologis is the global leader in logistics real estate, specializing in the ownership, management, and development of high-quality industrial facilities in high-barrier, high-growth markets.

Market cap
$133.89B+33.6%
Revenue$8.7B+10.8%
Net income$3.3B+4.5%
EPS (diluted)$3.43+3.6%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 16, 2026 (In 1 week)
Revenue estimate$2.2B
EPS estimate$0.79

Financials

Q3 2025

Income statement

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Revenue$2.2B+8.7%
Operating income$940.3M-24.8%
Net income$764.3M-24.0%
EPS (diluted)$0.82-24.1%

Balance sheet

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Cash & equivalents$1.2B+51.9%
Total debt$35.9B+9.1%
Total equity$52.6B-0.8%
Total assets$98.3B+2.5%

Cash flow

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Operating cash flow$1.4B+0.9%

Valuation & ratios

Valuation

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Market cap$133.89B+33.6%
Enterprise value$168.63B+25.2%
P/E40.9×+12.3×
P/S15.3×+3.6×

Profitability

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Operating margin47.5%-1.0pp
Net margin37.4%-2.2pp

Returns & leverage

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Return on equity6.2%+0.3pp
Debt / equity0.7×+0.1×

Segments

By geography

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Europe$527.0M+12.8%
Other Americas$206.0M+87.3%
Asia$164.0M+1.2%

By segment

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Real Estate Operations$2.1B+8.5%
Strategic Capital$150.4M+11.1%

Competitors

Profile

Prologis is the global leader in logistics real estate, specializing in the ownership, management, and development of high-quality industrial facilities in high-barrier, high-growth markets. The company operates as a self-administered REIT, leveraging its massive scale to provide essential supply chain infrastructure and sustainable energy solutions to the world's largest corporations. Its value proposition is centered on supply chain resiliency, e-commerce fulfillment, and capital recycling through strategic co-investment ventures.

Competitive position

The company is the global leader in logistics real estate with a massive 1.3 billion square foot portfolio and a unique 'Prologis Essentials' platform that provides value-added services beyond traditional leasing.

GeographiesUnited States, Europe, Asia, Other Americas
Customer segmentsEnterprise, Global Logistics Providers, Retailers, Institutional Investors
Business modelReal Estate Investment Trust (REIT), Asset Management, Property Development, B2B Service Platform
SuppliersLand owners, Construction material suppliers, Municipalities (entitlements), Institutional capital providers
CustomersGlobal e-commerce platforms, Retailers, Transportation and freight companies, Consumer goods manufacturers
Listed1997
Employees2.6K
CEODaniel Stephen Letter
FilingsSEC EDGAR

Questions, answered.

What is Prologis's market cap?
Prologis (PLD) has a market capitalization of $133.89B and trades on NYSE.
What is Prologis's revenue and profitability?
Prologis generated $8.7B in trailing twelve-month revenue with net income of $3.3B, representing a net margin of 37.4%. These figures are based on the Q3 2025 filing.
Who are Prologis's competitors?
Prologis's key competitors include Rexford Industrial Realty, Inc., Blackstone, One Liberty Properties, Inc., and others. These companies compete in similar markets and product categories.
Who does Prologis partner with?
Prologis's notable partners include Nippon Prologis REIT, Inc., FIBRA Prologis, Terrafina.
What subsidiaries does Prologis have?
Prologis's subsidiaries include Prologis, L.P., Prologis Essentials, Prologis Ventures.
Where is Prologis headquartered?
Prologis is headquartered in United States of America and employs approximately 2,574 people. It has been publicly traded since 1997.