Prologis (PLD)
Owner, developer and manager of global logistics real estate and co-investment ventures.
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Owns, develops and leases logistics facilities across the Americas, Europe and Asia, while Prologis Essentials adds energy and operating solutions. Strategic Capital manages co-investment ventures for institutions, pairing rental income with management and transaction fees.
Owns, develops and manages logistics facilities in major consumption and distribution markets across the Americas, Europe and Asia. The Real Estate segment earns rent from operating properties and develops logistics buildings, build-to-suit projects and data centers; the U.S. remains the portfolio core.
Extends the warehouse platform through Prologis Essentials, which supplies operational, energy and sustainability solutions. Strategic Capital manages unconsolidated co-investment ventures for institutional partners and earns asset, property and transaction-management fees, plus performance-based promotes.
Execution rests on strategically located sites, local leasing and development teams, customer relationships and access to power for energy and digital infrastructure. Results depend on occupancy, lease economics, development demand, partner capital, financing conditions and continued qualification as a REIT.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 1, 2026 | Wells Fargo | Reiterate | Rating: —Target: $137 | Target: $166 |
| Aug 5, 2026 | RBC Capital | Upgrade | ||
| Aug 4, 2026 | RBC Capital | Upgrade | Target: $148 | Target: $160 |
| Jul 31, 2026 | Robert W. Baird | Target | Target: $130 | Target: $140 |
| Jul 23, 2026 | Scotiabank | Reiterate | Rating: —Target: $154 | Target: $150 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.77B · Total debt $36.44B · Total assets $101.01B · Shareholders' equity $53.73B
- Revenue
- $2.43B
- Operating income
- $959.7M
- Net income
- $1.06B
HistoryDividendAnnual yield
| Institutions | 95.92% | 895.02M shares | |
|---|---|---|---|
| 1,791 holders · as of Jun 30, 2026 | |||
| Insiders | 0.13% | 1.24M shares | |
| 16 holders · as of Sep 21, 2026 | |||
| Other | 3.95% | 36.82M shares | |
| remainder | |||
933.08M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 11.08% | 103.39M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.53% | 60.90M | as of Jun 30, 2026 |
State Street CorpInstitution | 5.99% | 55.92M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.92% | 55.26M | as of Jun 30, 2026 |
Geode Capital Management, LLCInstitution | 2.56% | 23.89M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 16, 2026 | Hamid Moghadam | director | −50,000 | $149.91 |
| Jun 15, 2026 | Timothy D. Arndt | officer: Chief Financial Officer | −3,597 | $150.00 |
| Jan 28, 2026 | Sarah A. Slusser | director | −10 | $127.57 |
| Oct 9, 2025 | Sarah A. Slusser | director | −42 | $114.69 |
| Oct 8, 2025 | Sarah A. Slusser | director | −18 | $115.87 |
- First Industrial Realty Trust
US-only logistics REIT; ~72M sq ft in the same top-15 coastal US markets.
- Rexford Industrial
Southern California pure-play industrial REIT; rival in PLD's top US market.
- EastGroup Properties
Sun Belt shallow-bay industrial REIT; ~66M sq ft in overlapping US markets.
- STAG Industrial
US single-tenant industrial REIT in 41 states; competes for same tenants.
- Terreno Realty
US coastal infill industrial REIT; exclusive focus on PLD's six core markets.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Prologis | $134.61 | −0.89% | $126.78B | 30.3 | 38.9 | 13.8 | +7.5% |
| First Industrial Realty Trust | $61.81 | −0.31% | $8.22B | 22.6 | 34.6 | 10.8 | +8.2% |
| Rexford Industrial | $38.72 | −0.01% | $8.85B | — | 34.2 | 9.0 | +0.6% |
| EastGroup Properties | $202.07 | −0.25% | $10.89B | 35.5 | 36.5 | 14.5 | +9.1% |
| STAG Industrial | $37.23 | −0.76% | $7.23B | 28.9 | 74.2 | 8.2 | +7.8% |
| Terreno Realty | $66.38 | −0.00% | $7.06B | 17.8 | 36.7 | 14.0 | +11.1% |
| Median | 25.7 | 36.5 | 10.8 | +8.2% |