Prologis is a real estate company (REIT) that owns and leases logistics properties, mainly warehouses and distribution centers. Tenants are retailers, online sellers and logistics companies. The buildings are located in North and South America, Europe and Asia. As of Oct 11, 2026
As of Oct 11, 2026Fact sheet (from the annual report)Real estate investment trusts (REITs) · San Francisco, USAfull fact sheet
The company owns, manages and develops logistics real estate located in key commerce hubs close to end consumers. Customers pay rent under leases whose rents rise at fixed rates or in line with inflation. Its customers include international, national, regional and local logistics users from various industries. Through co-investment ventures with institutional investors, it also earns revenue, mainly from asset and property management. Prologis is a self-administered REIT headquartered in San Francisco and also selectively develops data centers.
Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
Gap with volume · Analysis method
This method currently detects no pattern for PLD. The check runs daily after the close.
You see new patterns immediately from Watcher, on the free plan 2 days after they form. Plans and pricing
What does the pattern show?
What is this? After strong news, usually earnings, the price opened above the previous day’s high and closed much higher on heavy volume. Such moves often continue for a few more days.
SEC filing (10-K, 10-Q)Required reports of listed companies to the US Securities and Exchange Commission (SEC): 10-K is the annual report, 10-Q the quarterly report, 20-F the annual report of foreign companies. We show the figures of the first filing.Example: 10-K for the fiscal year ending Sep 27, 2025, filed on Oct 31, 2025.More in the Academy: Lesson revenue, profit and margin
Prologis · Sector Real Estate · amounts in USD
Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Feb 13, 2026.
Quality checks
Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.
–no data: Gross margin above 40%not stated in the SEC filings
✓met: Operating margin above 15%49.6%
✓met: Net margin above 10%37.9%
✗not met: Return on equity above 15%6.3%
–no data: Free cash flow margin above 10%not stated in the SEC filings
✓met: Profit in each of the last 5 fiscal years5 of 5
–no data: Free cash flow positive in each of the last 3 fiscal yearsnot stated in the SEC filings
✓met: Equity ratio above 30%53.9%
Operating margin
49.6%Fiscal year 2025
All96strong
Rank 96 of 100: higher than 96% of 192 peers (All). strong.
Sector: too few peers
Operating income divided by revenue: what the core business earns before interest and taxes.
Net margin
37.9%Fiscal year 2025
All93strong
Rank 93 of 100: higher than 93% of 237 peers (All). strong.
Sector90strong
Rank 90 of 100: higher than 90% of 5 peers (Sector). strong.
Median Real Estate: 14.6%
Profit after all costs, interest and taxes divided by revenue.
Return on equity
6.3%Fiscal year 2025
All23weak
Rank 23 of 100: higher than 23% of 218 peers (All). weak.
Sector50medium
Rank 50 of 100: higher than 50% of 5 peers (Sector). medium.
Median Real Estate: 6.3%
Net income divided by equity at fiscal year end.
Return on assets
3.4%Fiscal year 2025 (total assets at year end)
All32weak
Rank 32 of 100: higher than 32% of 238 peers (All). weak.
Sector70strong
Rank 70 of 100: higher than 70% of 5 peers (Sector). strong.
Median Real Estate: 3.4%
Net income divided by total assets at fiscal year end.
Equity ratio
53.9%Fiscal year 2025
All74strong
Rank 74 of 100: higher than 74% of 239 peers (All). strong.
Sector70strong
Rank 70 of 100: higher than 70% of 5 peers (Sector). strong.
Median Real Estate: 41.8%
Equity as a share of total assets. Usually low for banks.
Growth 5 of 6 met · 1 without data
✓met: Over 3 years, revenue grew by more than 5% per year+13.7%
✓met: Over 5 years, revenue grew by more than 5% per year+14.6%
–no data: Over 10 years, revenue grew by more than 5% per yearno comparable figures over 10 years
✗not met: Over 3 years, EPS grew by more than 5% per year−5.7%
✓met: Over 5 years, EPS grew by more than 5% per year+12.1%
✓met: Revenue rose in at least 4 of the last 5 fiscal years5 of 5
✓met: Revenue rose in the last fiscal year+7.2%
Revenue growth 3 years
+13.7%per year
All68strong
Rank 68 of 100: higher than 68% of 230 peers (All). strong.
Sector70strong
Rank 70 of 100: higher than 70% of 5 peers (Sector). strong.
Median Real Estate: +8.3%
Average growth per year over 3 fiscal years.
Revenue growth 5 years
+14.6%per year
All64medium
Rank 64 of 100: higher than 64% of 217 peers (All). medium.
Sector70strong
Rank 70 of 100: higher than 70% of 5 peers (Sector). strong.
Median Real Estate: +11.1%
Average growth per year over 5 fiscal years.
EPS growth 3 years
−5.7%per year
All19weak
Rank 19 of 100: higher than 19% of 157 peers (All). weak.
Sector: too few peers
Growth of earnings per share per year, adjusted for stock splits.
EPS growth 5 years
+12.1%per year
All44medium
Rank 44 of 100: higher than 44% of 146 peers (All). medium.
Sector: too few peers
Growth of earnings per share per year, adjusted for stock splits.
EPS growth 10 years
+8.1%per year
All40medium
Rank 40 of 100: higher than 40% of 140 peers (All). medium.
Sector: too few peers
Growth of earnings per share per year, adjusted for stock splits.
Dividend no criteria with data · 7 without data
–no data: Pays a dividenddividend for the last fiscal year not reported as an annual figure
–no data: Payout ratio at most 60% of earningsdividend for the last fiscal year not reported as an annual figure
–no data: Dividend paid in each of the last 5 fiscal yearsnot reported as an annual figure for each of the last 5 fiscal years
–no data: Dividend per share never lowered in the last 5 fiscal yearsnot reported as an annual figure for each of the last 5 fiscal years
–no data: Dividend per share higher than 5 years agodividend for the last fiscal year not reported as an annual figure
–no data: Free cash flow per share covers the dividendnot meaningful for banks and insurers
–no data: Dividends paid over the last 5 years covered by free cash flownot meaningful for banks and insurers
Financial strength 2 of 3 met · 3 without data
–no data: Piotroski F-Score at least 7 of 9not meaningful for banks and insurers
✓met: Long-term debt no higher than equity0.66
–no data: Current assets cover current liabilitiesnot reported (usual for banks and insurers)
✓met: Positive equity53.2B USD
✗not met: In 5 years, share count up by at most 5%+26.8%
–no data: Free cash flow positive in the last fiscal yearcapital expenditure or operating cash flow not reported
Debt / equity
0.66at fiscal year end
All49medium
Rank 49 of 100: lower than 49% of 199 peers (All). medium.
Sector50medium
Rank 50 of 100: lower than 50% of 5 peers (Sector). medium.
Median Real Estate: 0.66
Long-term financial debt divided by equity.
Change in share count
+26.8%in 5 years
All18weak
Rank 18 of 100: lower than 18% of 199 peers (All). weak.
Sector50medium
Rank 50 of 100: lower than 50% of 5 peers (Sector). medium.
Median Real Estate: +26.8%
Change in diluted share count. Negative = share buybacks, positive = new shares.
Price-based criteria (P/E, dividend yield) are shown to signed-in users.
Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.
In short
Light green: Revenue grew over 5 years (+14.6% per year), at least as fast as the sector median.
Light green: Net income (total) grew over 5 years (+17.6% per year), at least as fast as the sector median; per share +12.1% per year.
Light green: Net margin 37.9%, above the sector median (20.8%).
Light green: Debt not higher than usual in the sector.
Light green: Profit in each of the last 10 fiscal years.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
RevenueNet incomeNet margin (below)in USD
02.5B5B7.5B10B
2016Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue 2.5B USD · Net income 1.2B USD · Net margin 47.8%
2017Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 2.6B USD · Net income 1.7B USD · Net margin 63.1%
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 2.8B USD · Net income 1.6B USD · Net margin 58.8%
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 3.3B USD · Net income 1.6B USD · Net margin 47.2%
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 4.4B USD · Net income 1.5B USD · Net margin 33.4%
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 4.8B USD · Net income 2.9B USD · Net margin 61.8%
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 6.0B USD · Net income 3.4B USD · Net margin 56.3%
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 8.0B USD · Net income 3.1B USD · Net margin 38.1%
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 8.2B USD · Net income 3.7B USD · Net margin 45.5%
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 8.8B USD · Net income 3.3B USD · Net margin 37.9%
Margin
48%63%59%47%33%62%56%38%45%38%
RevenueNet incomeNet margin (below)in USD
01B2B3B
Q2/23Quarter Q2/23 (Apr 1, 2023 – Jun 30, 2023): Revenue 2.5B USD · Net income 1.2B USD · Net margin 49.6%
Q3/23Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Revenue 1.9B USD · Net income 747.6M USD · Net margin 39.0%
Q4/23Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Revenue 1.9B USD · Net income 675.9M USD · Net margin 35.8%
Q1/24Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Revenue 2.0B USD · Net income 585.7M USD · Net margin 29.9%
Q2/24Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Revenue 2.0B USD · Net income 861.3M USD · Net margin 42.9%
Q3/24Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Revenue 2.0B USD · Net income 1.0B USD · Net margin 49.4%
Q4/24Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Revenue 2.2B USD · Net income 1.3B USD · Net margin 61.0%
Q1/25Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Revenue 2.1B USD · Net income 593.0M USD · Net margin 27.7%
Q2/25Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Revenue 2.2B USD · Net income 571.2M USD · Net margin 26.2%
Q3/25Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Revenue 2.2B USD · Net income 764.3M USD · Net margin 34.5%
Q4/25Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Revenue 2.3B USD · Net income 1.5B USD · Net margin 65.8%
Q1/26Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Revenue 2.3B USD · Net income 982.0M USD · Net margin 42.7%
Margin
50%39%36%30%43%49%61%28%26%35%66%43%
Earnings per shareUSD per share
02.004.006.00
2016Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Earnings per share 2.27 USD
2017Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Earnings per share 3.06 USD
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Earnings per share 2.87 USD
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Earnings per share 2.46 USD
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Earnings per share 2.01 USD
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Earnings per share 3.94 USD
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Earnings per share 4.25 USD
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Earnings per share 3.29 USD
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Earnings per share 4.01 USD
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Earnings per share 3.56 USD
Earnings per shareUSD per share
00.501.001.50
Q2/23Quarter Q2/23 (Apr 1, 2023 – Jun 30, 2023): Earnings per share 1.31 USD
Q4/25Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Earnings per share 1.49 USD
Q1/26Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Earnings per share 1.05 USD
Dividend per sharePayout ratio (below)USD per share
00.050.100.15
2016Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Dividend per share 0.15 USD · Payout ratio 6.6%
2017Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Dividend per share 0.01 USD · Payout ratio 0.3%
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Dividend per share 0.03 USD · Payout ratio 1.0%
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Dividend per share 0.00 USD · Payout ratio 0.0%
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Dividend per share 0.00 USD · Payout ratio 0.0%
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Dividend per share 0.00 USD · Payout ratio 0.0%
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Dividend per share 0.02 USD · Payout ratio 0.5%
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Dividend per share 0.00 USD · Payout ratio 0.0%
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Dividend per share 0.01 USD · Payout ratio 0.2%
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Dividend per share 0.03 USD · Payout ratio 0.8%
Ratio
7%0%1%0%0%0%0%0%0%1%
Dividend per sharePayout ratio (below)USD per share
00.501.001.50
Q2/23Quarter Q2/23 (Apr 1, 2023 – Jun 30, 2023): Dividend per share 0.87 USD · Payout ratio 66.4%
Q3/23Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Dividend per share 0.87 USD · Payout ratio 108.8%
Q4/23Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Dividend per share not available · Payout ratio not available
Q1/24Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Dividend per share 0.96 USD · Payout ratio 152.4%
Q2/24Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Dividend per share 0.96 USD · Payout ratio 104.3%
Q3/24Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Dividend per share 0.96 USD · Payout ratio 88.9%
Q4/24Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Dividend per share not available · Payout ratio not available
Q1/25Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Dividend per share 1.01 USD · Payout ratio 160.3%
Q2/25Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Dividend per share 1.01 USD · Payout ratio 165.6%
Q3/25Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Dividend per share 1.01 USD · Payout ratio 123.2%
Q4/25Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Dividend per share not available · Payout ratio not available
Q1/26Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Dividend per share 1.07 USD · Payout ratio 101.9%
Ratio
66%109%152%104%89%160%166%123%102%
Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 8.8B USD · Net income 3.3B USD · Net margin 37.9%
Figures over time
Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.
Money flow in fiscal year 2025
Of 100 USD of revenue, 49.6 USD operating income and 37.9 USD net income remained.
Revenue8.8B USD · 100%Operating income4.4B USD · 50%Cost of revenue and operating expenses4.4B USD · 50%Net income3.3B USD · 38%Interest expense1.0B USD · 11%Taxes & other (net)27.3M USD · 0%
Money flow as a table
Fiscal year 2025, amounts in USD, share of revenue
Item
Amount
of revenue
Revenue
8.8B USD
100.0%
Operating income
4.4B USD
49.6%
Cost of revenue and operating expenses
4.4B USD
50.4%
Net income
3.3B USD
37.9%
Interest expense
1.0B USD
11.4%
Taxes & other (net)
27.3M USD
0.3%
Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.
Margins
The operating margin rose in 5 years from 47.7% to 49.6%.
Operating marginNet margin
0%20%40%60%80%
2016Fiscal year 2016: Operating margin 26.4% · Net margin 47.8%
2017Fiscal year 2017: Operating margin 29.5% · Net margin 63.1%
2018Fiscal year 2018: Operating margin 30.2% · Net margin 58.8%
2019Fiscal year 2019: Operating margin 55.5% · Net margin 47.2%
2020Fiscal year 2020: Operating margin 47.7% · Net margin 33.4%
2021Fiscal year 2021: Operating margin 67.4% · Net margin 61.8%
2022Fiscal year 2022: Operating margin 58.0% · Net margin 56.3%
2023Fiscal year 2023: Operating margin 46.2% · Net margin 38.1%
2024Fiscal year 2024: Operating margin 53.8% · Net margin 45.5%
2025Fiscal year 2025: Operating margin 49.6% · Net margin 37.9%
Returns
Return on equity rose in 5 years from 4.6% to 6.3%.
Return on equityReturn on assets
0%5%10%15%
2016Fiscal year 2016: Return on equity 8.1% · Return on assets 4.0%
2017Fiscal year 2017: Return on equity 10.6% · Return on assets 5.6%
2018Fiscal year 2018: Return on equity 7.4% · Return on assets 4.3%
2019Fiscal year 2019: Return on equity 6.9% · Return on assets 3.9%
2020Fiscal year 2020: Return on equity 4.6% · Return on assets 2.6%
2021Fiscal year 2021: Return on equity 8.8% · Return on assets 5.0%
2022Fiscal year 2022: Return on equity 6.3% · Return on assets 3.8%
2023Fiscal year 2023: Return on equity 5.8% · Return on assets 3.3%
2024Fiscal year 2024: Return on equity 6.9% · Return on assets 3.9%
2025Fiscal year 2025: Return on equity 6.3% · Return on assets 3.4%
Equity and long-term debt
The equity ratio fell in 5 years from 57.0% to 53.9%.
EquityLong-term debtin USDLong-term debt, depending on the filing, includes the current portion or leases.
The share count rose in 5 years by 26.8% – more new shares were issued than repurchased (dilution).
Diluted share count
0250M500M750M1B
2016Fiscal year 2016: Diluted share count 546.7M
2017Fiscal year 2017: Diluted share count 552.3M
2018Fiscal year 2018: Diluted share count 590.2M
2019Fiscal year 2019: Diluted share count 654.9M
2020Fiscal year 2020: Diluted share count 754.4M
2021Fiscal year 2021: Diluted share count 764.8M
2022Fiscal year 2022: Diluted share count 811.6M
2023Fiscal year 2023: Diluted share count 951.8M
2024Fiscal year 2024: Diluted share count 953.6M
2025Fiscal year 2025: Diluted share count 956.8M
Banks and insurers: gross margin, current assets and capital expenditure are usually not reported and cash flow is not meaningful there – those lines and charts are omitted.
From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.
Dividends and share repurchases
How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.
Dividend per share
nonelast reported for fiscal year 2022
To shareholders (4 years)
9.8B USD0% through repurchases
Share count over 5 years
+26.8%more shares – dilution
Dividend per share
No dividend reported since fiscal year 2023.
Dividend per shareUSD per sharePer share as filed with the SEC, including special dividends; obvious filing errors are hidden. Some years hidden: dividend per share does not match the total paid.
00.010.010.020.02
2016Fiscal year 2016: Dividend per share not available
2017Fiscal year 2017: Dividend per share not available
2018Fiscal year 2018: Dividend per share not available
2019Fiscal year 2019: Dividend per share 0.00 USD
2020Fiscal year 2020: Dividend per share 0.00 USD
2021Fiscal year 2021: Dividend per share 0.00 USD
2022Fiscal year 2022: Dividend per share 0.02 USD
2023Fiscal year 2023: Dividend per share 0.00 USD
2024Fiscal year 2024: Dividend per share not available
2025Fiscal year 2025: Dividend per share not available
Payout ratios
Last reported for fiscal year 2023.
Payout ratio (earnings)Payout ratio (free cash flow)
0%20%40%60%80%
2016Fiscal year 2016: Payout ratio (earnings) not available · Payout ratio (free cash flow) 67.9%
2017Fiscal year 2017: Payout ratio (earnings) not available · Payout ratio (free cash flow) 59.8%
2018Fiscal year 2018: Payout ratio (earnings) not available · Payout ratio (free cash flow) 65.7%
2019Fiscal year 2019: Payout ratio (earnings) 0.0% · Payout ratio (free cash flow) not available
2020Fiscal year 2020: Payout ratio (earnings) 0.0% · Payout ratio (free cash flow) not available
2021Fiscal year 2021: Payout ratio (earnings) 0.0% · Payout ratio (free cash flow) not available
2022Fiscal year 2022: Payout ratio (earnings) 0.5% · Payout ratio (free cash flow) not available
2023Fiscal year 2023: Payout ratio (earnings) 0.0% · Payout ratio (free cash flow) not available
2024Fiscal year 2024: Payout ratio (earnings) not available · Payout ratio (free cash flow) not available
2025Fiscal year 2025: Payout ratio (earnings) not available · Payout ratio (free cash flow) not available
What goes back to shareholders
Over 4 years, 9.8B USD went back to shareholders as dividends.
2016Fiscal year 2016: Dividends paid 893.5M USD · Share repurchases not available · New shares issued (including employee plans) not available · Free cash flow 1.3B USD
2017Fiscal year 2017: Dividends paid 942.9M USD · Share repurchases not available · New shares issued (including employee plans) not available · Free cash flow 1.6B USD
2018Fiscal year 2018: Dividends paid 1.1B USD · Share repurchases 0.0 USD · New shares issued (including employee plans) not available · Free cash flow 1.7B USD
2019Fiscal year 2019: Dividends paid not available · Share repurchases 0.0 USD · New shares issued (including employee plans) not available · Free cash flow not available
2020Fiscal year 2020: Dividends paid not available · Share repurchases 34.8M USD · New shares issued (including employee plans) not available · Free cash flow not available
2021Fiscal year 2021: Dividends paid not available · Share repurchases 0.0 USD · New shares issued (including employee plans) not available · Free cash flow not available
2022Fiscal year 2022: Dividends paid 2.5B USD · Share repurchases 0.0 USD · New shares issued (including employee plans) not available · Free cash flow not available
2023Fiscal year 2023: Dividends paid not available · Share repurchases not available · New shares issued (including employee plans) not available · Free cash flow not available
2024Fiscal year 2024: Dividends paid 3.6B USD · Share repurchases not available · New shares issued (including employee plans) not available · Free cash flow not available
2025Fiscal year 2025: Dividends paid 3.8B USD · Share repurchases not available · New shares issued (including employee plans) not available · Free cash flow not available
For banks and insurers free cash flow is not meaningful; ratios to free cash flow are usually omitted.
Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.
Valuation over time
Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users.Log in
Sector comparison
Prologis next to 4 stocks of the sector Real Estate we cover that are closest in revenue. Click a column header to sort the table.
Sector comparison PLD, sector Real Estate; last row: sector median
Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).
Banks and insurers: gross margin (only if reported), free cash flow margin and Piotroski are not meaningful there (“–”).
Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.
Key figures with traffic lights
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 31 symbols in the Real Estate sector on our list (current members of the S&P 500 and other lists).
Revenue growth
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth
Light green: above sector
+14.6%per year, last 5 years
Sector Real Estate: median +9.0% (31 symbols)
What does this mean? Revenue: over 5 years it grew by 14.6% per year on average – at least as fast as the median company in the sector (+9.0%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net income (total)
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth
Light green: above sector
+17.6%per year, last 5 years
Sector Real Estate: median +10.6% (28 symbols)
per share: +12.1% per year (5 years, split-adjusted)
What does this mean? Total net income: over 5 years it grew by 17.6% per year on average – at least as fast as the median company in the sector (+10.6%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
What does this mean? Of every 100 USD in revenue, 37.86 USD remained as profit – at least as much as the median company in the sector (20.8%). Five years ago the margin was 33.4%.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
Debt / equity
Debt-to-equity ratioFinancial debt (loans, bonds) divided by equity. A high value amplifies good and bad years alike. The key figures bar in the chart only uses long-term financial debt.Example: Financial debt €300m, equity €500m → 0.6.More in the Academy: Lesson debt, dividends and growth
Light green: lower than sector
0.65latest balance sheet
Sector Real Estate: median 0.82 (23 symbols)
What does this mean? For every 1 USD of equity there is 0.65 USD of financial debt – no more than the median company in the sector (0.82). More debt amplifies good and bad years alike.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
Payout ratio
Payout ratioThe share of profit that a company pays out as a dividend. Above 100% it pays out more than it earns.Example: Dividend €1, earnings per share €2.50 → payout ratio 40%.More in the Academy: Lesson debt, dividends and growth
Light gray: little meaning
1%Dividend / earnings per share
Sector Real Estate: median 129% (24 symbols)
What does this mean? Of every 1 USD of earnings per share, 0.01 USD went to shareholders as a dividend. REITs are legally required to pay out most of their income; the ratio to earnings says little there. Median company in the sector: 129%.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
Profitable years
Profitable yearsHow many of the last fiscal years ended with a profit rather than a loss on the bottom line. The figure shows how consistently a company earns.Example: Profit in 9 of 10 years → one loss year.More in the Academy: Lesson revenue, profit and margin
Light green: profit every year
10 of 10fiscal years with a profit
What does this mean? In 10 of the last 10 fiscal years the bottom line showed a profit. There were no losses in this period.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
Last fiscal year and 13F
Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
8.8B USD
Revenue vs. prior year
+7.2%
Net income (FY)
3.3B USD
Net income vs. prior year
−10.8%
EPS (FY)
3.56 USD
13F funds with a position
1 of 9
Funds vs. prior quarter
+1
Shares held vs. prior quarter
–
Fiscal year to Dec 31, 2025 · 10-K filed Feb 13, 2026 · Balance sheet Mar 31, 2026 (filed Apr 30, 2026) · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term).13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
Year
End
Revenue
Net income
Margin
Earnings per share
Dividend per share
Payout
2025
Dec 31, 2025
8.8B
3.3B
37.9%
3.56
0.03
1%
2024
Dec 31, 2024
8.2B
3.7B
45.5%
4.01
0.01
0%
2023
Dec 31, 2023
8.0B
3.1B
38.1%
3.29
0.00
0%
2022
Dec 31, 2022
6.0B
3.4B
56.3%
4.25
0.02
0%
2021
Dec 31, 2021
4.8B
2.9B
61.8%
3.94
0.00
0%
2020
Dec 31, 2020
4.4B
1.5B
33.4%
2.01
0.00
0%
2019
Dec 31, 2019
3.3B
1.6B
47.2%
2.46
0.00
0%
2018
Dec 31, 2018
2.8B
1.6B
58.8%
2.87
0.03
1%
2017
Dec 31, 2017
2.6B
1.7B
63.1%
3.06
0.01
0%
2016
Dec 31, 2016
2.5B
1.2B
47.8%
2.27
0.15
7%
Quarters (amounts in USD, per share in USD)
Quarter
End
Revenue
Net income
Margin
Earnings per share
Dividend per share
Payout
Q1/26
Mar 31, 2026
2.3B
982.0M
42.7%
1.05
1.07
102%
Q4/25
Dec 31, 2025
2.3B
1.5B
65.8%
1.49
–
–
Q3/25
Sep 30, 2025
2.2B
764.3M
34.5%
0.82
1.01
123%
Q2/25
Jun 30, 2025
2.2B
571.2M
26.2%
0.61
1.01
166%
Q1/25
Mar 31, 2025
2.1B
593.0M
27.7%
0.63
1.01
160%
Q4/24
Dec 31, 2024
2.2B
1.3B
61.0%
1.37
–
–
Q3/24
Sep 30, 2024
2.0B
1.0B
49.4%
1.08
0.96
89%
Q2/24
Jun 30, 2024
2.0B
861.3M
42.9%
0.92
0.96
104%
Q1/24
Mar 31, 2024
2.0B
585.7M
29.9%
0.63
0.96
152%
Q4/23
Dec 31, 2023
1.9B
675.9M
35.8%
0.68
–
–
Q3/23
Sep 30, 2023
1.9B
747.6M
39.0%
0.80
0.87
109%
Q2/23
Jun 30, 2023
2.5B
1.2B
49.6%
1.31
0.87
66%
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.
Insiders
Insider transactionsExecutives, directors and major shareholders (over 10%) of US companies report their own transactions in their company’s stock to the SEC within two business days (Form 4). Purchases in the market count as more meaningful than sales (often taxes, estate planning).Example: Three executives acquire stock worth a total of 2 million USD within two weeks → “purchases by several insiders”.More in the Academy: Glossary
Jun 15, 2026Arndt Timothy DChief financial officer (CFO)Open-market sale · 10b5-1 plan3,597 shares · $539.6K · SEC
Jan 28, 2026Slusser Sarah ADirectorOpen-market sale10 shares · $1.3K · SEC
Dec 1, 2025Bita Cristina GabrielaDirectorOpen-market sale · 10b5-1 plan621 shares · $79.2K · SEC
Nov 3, 2025Bita Cristina GabrielaDirectorOpen-market sale · 10b5-1 plan500 shares · $61.6K · SEC
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
Trend score -100
Price vs. EMA 50-15
Price vs. EMA 200-15
EMA 50 vs. EMA 200-20
ADX (trend strength)-15
Highs and lows-20
Relative strength-15
Volatility and trend strength
ADX 14 (trend strength)30.3
Rel. strength 60 d−13.1%
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.