Is Prologis (PLD) overvalued or fairly valued?

MarketChacha shows Prologis's valuation in context — a trailing P/E of about 35.1, a forward P/E of about 41.0, a price-to-book of about 2.4 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Prologis's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.51×) from reported figures — education, not a rating.

What is Prologis's revenue?

Prologis reported revenue of $8.8B for FY2025, with net profit of $3.3B, per official filings.

What is the share price of Prologis (PLD)?

Prologis last traded at $139.50 (+0.5% on the day), as of 8/11/2026 — a delayed quote shown for education, not investment advice.

Prologis

PLD · NYSE · Real Estate · United States

Snapshot

TickerPLD

ExchangeNYSE

SectorReal Estate

IndustryREIT - Industrial

CountryUnited States

Employees2,802

HeadquartersSan Francisco, United States

Websitewww.prologis.com

Filings tracked25

About Prologis

Prologis, Inc. don't just lead the industry, they define it. The firm creates the intelligent infrastructure that powers global commerce, seamlessly connecting the digital and physical worlds. From agile supply chains to clean energy solutions, their ecosystems help your business move faster, operate smarter and grow sustainably. With unmatched scale, innovation and expertise, Prologis is a category of onenot just shaping the future of logistics but building what comes next. Prologis, Inc. was established in 1983 and is incorporated in Maryland.

Who owns it

Insiders0.3%
Institutions96.4%
Public & other3.3%

2,343 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.11.08%
Vanguard Capital Management LLC6.46%
State Street Corporation5.99%
Vanguard Portfolio Management LLC5.77%
Geode Capital Management, LLC2.53%
Cohen & Steers Inc.2.50%
JPMORGAN CHASE & CO2.21%
Apg Asset Management US Inc.2.07%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Latest ROE of 6.3% is on the low side — the business earns a modest return on shareholder capital.

Cash conversion1.51×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend38.1% → 37.9%

Margin has held broadly steady over the period — stable profitability.

Return on equity6.3%

Latest ROE of 6.3% is on the low side — the business earns a modest return on shareholder capital.

Growth qualityrev 5% · PAT 4%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $2.2B · EPS 0.77

Est. earnings growth -47.2%

Next fiscal year

Rev $9.2B · EPS 3.40

Est. earnings growth +2.3%

Analyst consensus estimates — not the company's own guidance.

New to these terms?

P/E ROE ROCE Margins Market cap

Browse the Learn hub →

Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$8.8B

Net margin

37.9%

ROE

6.3%

Revenue CAGR (2y)

+4.7%

Profit CAGR (2y)

+4.3%

EPS (FY2025)

3.56

Net profit (FY2025)

$3.3B

Ask MarketChacha about PLD

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$8.8B	$3.3B	3.56	37.9%	6.3%
FY2024	$8.2B	$3.7B	4.01	45.5%	6.9%
FY2023	$8.0B	$3.1B	3.29	38.1%	5.8%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q1	$2.3B	$982.0M	1.05	42.7%
2025Q4	$2.3B	$1.5B*	1.49	—
2025Q3	$2.2B	$764.3M	0.82	34.5%
2025Q2	$2.2B	$571.2M	0.61	26.2%
2025Q1	$2.1B	$593.0M	0.63	27.7%
2024Q4	$2.2B	$1.3B*	1.37	—
2024Q3	$2.0B	$1.0B	1.08	49.4%
2024Q2	$2.0B	$861.3M	0.92	42.9%
2024Q1	$2.0B	$585.7M	0.63	29.9%
2023Q4	$1.9B	$675.9M	0.68	35.8%
2023Q3	$1.9B	$747.6M	0.80	39.0%
2023Q2	$2.5B	$1.2B	1.31	49.6%
2023Q1	$1.8B	$464.6M	0.50	26.3%

* Net profit includes one-off / non-operating items (e.g. a settlement or accounting gain), so it doesn’t reflect operating performance — net margin is hidden for that period.

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Other events
SEC8/6/2026material
8-K — Other events, Exhibits
SEC8/5/2026material
8-K — Material agreement, Material financial obligation, Unregistered equity sale, Other events, Exhibits
SEC8/4/2026material
10-Q filing
SEC7/29/2026
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC7/16/2026material
8-K — Executive/director change, Exhibits
SEC7/1/2026material
8-K — Other events, Exhibits
SEC6/24/2026material
8-K — Material financial obligation, Other events, Exhibits
SEC6/11/2026material
10-Q filing
SEC4/30/2026
8-K — Shareholder vote results, Exhibits
SEC4/30/2026material
8-K — Material financial obligation, Other events, Exhibits
SEC4/27/2026material
8-K — Material financial obligation, Other events, Exhibits
SEC4/23/2026material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC4/16/2026material
8-K/A — Executive/director change, Exhibits
SEC4/1/2026
8-K — Material agreement, Material financial obligation, Exhibits
SEC3/31/2026material
10-K filing
SEC2/13/2026
8-K/A — Executive/director change, Exhibits
SEC1/22/2026
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC1/21/2026material

2025

8-K — Executive/director change, Exhibits
SEC12/5/2025material
8-K — Executive/director change, Exhibits
SEC11/24/2025material
10-Q filing
SEC10/28/2025
8-K — Material financial obligation, Other events, Exhibits
SEC10/27/2025material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC10/15/2025material
8-K — Material financial obligation, Other events, Exhibits
SEC9/22/2025material
8-K — Executive/director change, Exhibits
SEC9/18/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.