Company Analysis

Prologis, Inc. (PLD)

NYSE: PLD · Real Estate Investment Trusts · San Francisco, CA · filing with the SEC since 1997
Grade5.9
◀ Past 6.9● Present 6.1▶ Future 4.8

The grade of Prologis, Inc.

Nine metrics read from its own filings, by tense
Headline grade
5.9/10
◀ Past6.925% of the headline
● Present6.145% of the headline
▶ Future4.830% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

6.9/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
7.0/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 45% of this tense · 70th percentile among 174 sector filers · read for itself

From the record

Prologis, Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
8.5/10

What has it actually done, year after year?

+14.8% a year over 10 filed years; profitable in 10 of 10.

weight 33% of this tense · 85th percentile among 156 sector filers · read for its customers

From the record

Prologis, Inc.'s 10 filed years say what it did: revenue went from $2.5 billion in fiscal 2016 to $8.8 billion in fiscal 2025, up 14.8% a year; it rose in 9 of 9 years; it never fell from a peak; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span14.8%top 19% of its family
  • the share of years revenue rosetop 10% of its family
  • the share of filed years with a profittop 20% of its family
  • the deepest fall from a revenue peak0.0%top 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
4.2/10

How has it treated the people who own it?

Share count grew 5.6% a year. 69% of cash flow returned. Insiders: 8 sales, 0 purchases.

weight 22% of this tense · 42nd percentile among 156 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Prologis, Inc.'s diluted share count grew about 5.6% a year, and dividends and buybacks returned about 69% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 8 sales (4 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-10-02 (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 30% of its family
  • cash returned against operating cash flowtop 46% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.1/1045% of the headline grade · 3 of 3 filed

Financial health

as filed
6.8/10

Is it financially healthy right now?

ROE 6%: 6¢ of profit per shareholder dollar. Leverage 41%: owes 41¢ per asset dollar.

weight 45% of this tense · 68th percentile among 171 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Prologis, Inc. earned about 6 cents of profit for every dollar of shareholders' money. Leverage: it owed about 41 cents per dollar of assets, and net share issuance: its share count grew 0.3% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 15% of its family
  • return on equitytop 44% of its family
  • the share count against the year beforetop 38% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
8.7/10

How strong is its position in its industry?

top 13% of 157 in its family; net margin 37.9%.

weight 33% of this tense · 87th percentile among 157 sector filers · read for its customers

From the record

Prologis, Inc.'s standing among 157 graded names in its industry family: revenue of $8.8 billion in fiscal 2025 ranks in the top 2% by size; a net margin of 37.9% ranks in the top 16%; revenue growth of 13.7% a year over the last 3 filed years ranks in the top 20% (its annual reports).

What it rests on

  • revenue against the family$8.79Btop 2% of its family
  • net margin37.9%top 16% of its family
  • three-year revenue growth13.7%top 20% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
1.0/10

What are the people in charge doing?

bottom 10% of 160 in its family for leadership; chief executive since 2026.

weight 22% of this tense · 10th percentile among 160 sector filers · read for its shareholders

From the record

Prologis, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Letter, Daniel (Chief Executive Officer, as filed), filing under that title since 2026-04-02, 7 months (bottom 2% of its family); the 19 officers and directors filing in the last fifteen months have been on the record a median of 4.6 years (bottom 11%); 12 officer or director changes were reported on Form 8-K since 2023-11-13, against the 19 people in charge now (bottom 16%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge12 in three years among 19 peoplebottom 16% of its family
  • the median years the people in charge have filed4.6 yearsbottom 11% of its family
  • the chief executive's years on the record7 monthsbottom 2% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.8/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
6.6/10

How much room does it have to grow?

top 34% of 146 in its family for room to expand.

weight 22% of this tense · 66th percentile among 146 sector filers · read for itself

From the record

Prologis, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $1.1 billion against debt of $35 billion leaves -34.3% of its assets as net cash, bottom 47% of its family; cash from operations less capital spending is 57% of revenue (top 16%) (its annual report).

What it rests on

  • cash less debt against assets-34.3%bottom 47% of its family
  • cash from operations less capital spending against revenue57.0%top 16% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
6.0/10

What could actually drive growth from here?

top 40% of 153 in its family for growth drivers.

weight 33% of this tense · 60th percentile among 153 sector filers · read for its customers

From the record

Prologis, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 13.7% a year over the last three filed years against 14.8% over all 10, slowing (bottom 49% of its family); the newest year grew 7.2% (top 30%) (its annual reports). Prologis, Inc. reported 2 lines of business in fiscal 2025: Real Estate Operations at $8.2 billion, Strategic Capital at $592 million. 1 of 2 grew in the latest filed year, and the largest line is 93% of revenue (its annual report).

What it rests on

  • three-year growth against the whole span-1.1 points a yearbottom 49% of its family
  • the newest year's revenue growth7.2%top 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
3.0/10

Did its newest year beat what its own record pointed to?

bottom 30% of 150 in its family for expectations against reality.

weight 45% of this tense · 30th percentile among 150 sector filers · read for its shareholders

From the record

Prologis, Inc.'s newest year against its own record: revenue of $8.8 billion in fiscal 2025 came in 8.5% below the $9.6 billion its prior three years' pace pointed to (bottom 25% of its family); net income of $3.3 billion against a prior three-year average of $3.4 billion (bottom 44%); a net margin of 37.9% against 46.7% before (bottom 22%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-8.5%bottom 25% of its family
  • net income against the prior three years' average-2%bottom 44% of its family
  • net margin against its prior average-8.8 pointsbottom 22% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton PLD · research, not advice