greeksoup/ stock research
Stock research / United States / PLD · Real Estate Investment Trusts · NYSE

Prologis, Inc. (PLD)

Prologis owns, develops and manages logistics real estate: the warehouses and distribution buildings that goods pass through on the way to the consumer. It operates across 20 countries on four continents, in markets it describes as high-barrier and high-growth, and its portfolio, wholly owned and through partnerships, totals about 1.3 billion square feet. It began as a fully integrated real estate company in 1997 and is taxed as a REIT. Head office is in San Francisco.

Prologis, Inc.

Prologis owns, develops and manages logistics real estate: the warehouses and distribution buildings that goods pass through on the way to the consumer. It operates across 20 countries on four continents, in markets it describes as high-barrier and high-growth, and its portfolio, wholly owned and through partnerships, totals about 1.3 billion square feet. It began as a fully integrated real estate company in 1997 and is taxed as a REIT. Head office is in San Francisco.

Owned, and owned with partners

Two ownership routes sit side by side. Prologis owns some buildings outright, and holds interests in others through co-investment ventures with institutional investors. Ownership in those ventures runs from 15 to 55 percent; ten are unconsolidated and one is consolidated. The company says the venture structure broadens its access to capital, expands its investment capacity and diversifies its returns, while mitigating its exposure to foreign currency movements. Three of the vehicles are publicly traded in their own right: Nippon Prologis REIT in Japan, China AMC Prologis Logistics REIT in China, and FIBRA Prologis in Mexico.

Because of this, the company manages and measures its properties on an owned and managed basis, covering both its consolidated buildings and those owned by the ventures it manages, and separately looks at its proportionate economic share of each.

Two segments

Real Estate, which is rental operations plus development, generally contributes between 90 percent and 95 percent of consolidated revenues, earnings and funds from operations. Strategic Capital, the management of the co-investment ventures, generally contributes between 5 percent and 10 percent, excluding promotes.

Rental operations collect rent under operating leases that also reimburse most property operating costs, with fixed or inflation-linked increases written into the contracts. For leases that started in 2025 the weighted average lease term in the consolidated operating portfolio was 70 months. The company states that the main driver of revenue growth is rolling expiring leases up to current market rents. Substantially all of the consolidated rental revenue and cash flow from rental operations is generated in the United States.

Development builds new logistics facilities, both to order for a specific customer and on a speculative basis, and redevelops existing properties. Inside the US, Prologis generally develops to hold for the long term or to contribute into its co-investment ventures; outside the US it develops primarily to contribute to those ventures. Contributing a newly built property to a venture, selling a data centre or selling a non-strategic asset returns capital that funds the next round of building.

Strategic Capital earns asset management and property management fees, with asset management fees driven mainly by the quarterly valuation of the properties the ventures own, plus fees for leasing, acquisition, construction management, development and disposition. Most of that revenue is generated outside the US. On some ventures Prologis can also earn promote revenue, an incentive fee paid periodically or on liquidation.

Data centres

The company is extending its development activity into data centres in selected markets, focusing on securing power and on signing build-to-suit leases before building. It links this to the convergence of physical, digital and energy infrastructure, as logistics facilities increasingly support power and data-intensive operations.

Customers, and energy on the roof

At the end of 2025 the consolidated properties had more than 4,000 customers occupying 649 million square feet of operating logistics property, and the owned and managed portfolio had 6,500 customers across 1.3 billion square feet. The company describes the base as international, national, regional and local logistics users across various industries.

Beyond the buildings, Prologis sells services to those occupiers through a platform it calls Prologis Essentials, covering operational, energy and sustainability needs, and it has more than 1 gigawatt of solar generation and storage capacity across the owned and managed portfolio, counting both its own and third-party projects. It also runs an internal venture capital arm, Prologis Ventures, investing in growth stage companies in the logistics sector.

Offices outside San Francisco are in Amsterdam, Denver, Mexico City, Sao Paulo, Shanghai, Singapore and Tokyo. Foreign currency exposure, principally to sterling, the Canadian dollar, the euro and the yen, is managed by investing abroad through the ventures, borrowing in each subsidiary's own currency and using derivatives.

From Prologis's annual report on Form 10-K for the year ended 31 December 2025. The filing

Compare with another name What $10,000 in Prologis became

Latest results

Latest quarterQ3 FY2026ended 30 September 2026 · 10-Q filed 28 October 2026
Revenue
$2.4 billion
+7.8% on the year · -1.6% on the quarter
Q4 FY2024Q3 FY2026
Net income
$817 million
+6.9% on the year · -23.1% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$0.86
+4.9% on the year · -23.9% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Read the Q3 FY2026 results →the 10-Q on EDGAR ↗
Last full yearFY2025ended 31 December 2025 · 10-K filed 13 February 2026
Revenue
$8.8 billion
+7.2% on the year
FY2018FY2025
Net income
$3.3 billion
-10.8% on the year
FY2018FY2025
Diluted EPS
$3.56
-11.2% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsPrologis (PLD) reported revenue of $8.8 billion for fiscal 2025, the year ended 31 December 2025, up 7.2% on the year before. Net income was $3.3 billion and diluted earnings per share $3.56. Revenue was $8.2 billion in fiscal 2024, $8.0 billion in fiscal 2023, $6.0 billion in fiscal 2022 and $4.8 billion in fiscal 2021. Net income in the same years was $3.7 billion, $3.1 billion, $3.4 billion and $2.9 billion. Over the twelve months to 30 September 2026, Prologis reported revenue of $9.4 billion and net income of $4.3 billion. Revenue grew 14.6% a year, compounded, over the five years to fiscal 2025. Prologis declared $4.22 a share in dividends over the last four quarters and had 950 million shares outstanding at the latest filed count. At the close of 6 November 2026 the market cap of Prologis was $120.7 billion, 28.0 times its earnings over the last twelve months.
Read the FY2025 results →the 10-K on EDGAR ↗

Ratios

From the filings

ROE7.6%
ROCE5.5%
Operating margin54.8%
Net margin45.5%
FCF margin25.0%
Interest cover4.8x
Debt to equity0.66x
Cash conversion1.30x
Share count, last 12 months2.3%
Sales CAGR, 3 years13.7%
Profit CAGR, 3 years-0.4%
EPS, TTM$4.53

At the close of 6 November 2026

Price$126.97
Market cap$120.7 billion
Stock P/E28.0x
Price to book2.2x
EV / EBITDA19.6x
Dividend yield3.3%
Market cap / sales12.9x
52-week high$150.06
52-week low$122.40
Price, 1 year2.4%
Price CAGR, 3 years6.8%
Price CAGR, 5 years-2.8%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Prologis, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
PLDgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q4 FY2021Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025Q1 FY2026Q2 FY2026Q3 FY2026
Revenue1,2771,2191,2521,7511,7521,7692,4511,9151,8891,9572,0082,0362,2012,1402,1842,2142,2532,2982,4252,388
Operating income1,2081,2065339158135791,4128828357201,0231,2511,4218789139401,6261,2111,2511,045
Operating margin95%99%43%52%46%33%58%46%44%37%51%61%65%41%42%42%72%53%52%44%
Interest expense62.964.160.363.9121136150181174193208230232232252258260254276287
Pre-tax income1,3411,2496961,1086385311,3598407346649551,0681,4296836468761,5651,0931,232978
Tax rate3%2%7%3%3%6%6%5%8%5%5%0%6%6%4%6%5%4%9%10%
Net income1,2471,1516111,0155864651,2167486295868611,0061,2775935717641,3989821,062817
Net margin98%94%49%58%33%26%50%39%33%30%43%49%58%28%26%35%62%43%44%34%
Diluted EPS$1.67$1.54$0.82$1.36$0.63$0.50$1.31$0.80$0.68$0.63$0.92$1.08$1.37$0.63$0.61$0.82$1.49$1.05$1.13$0.86
Operating cash flow7168428041,2031,2781,1141,2151,9691,0741,0551,0861,4351,3351,1611,2421,4481,1581,2881,3471,758
Capital expenditure870640822770887937775796891720835822829776555627823764800821
Free cash flow-153202-18.44343911774401,173183336251613506385687820336524547937
Dividends paid4695875885887328078078068098928938938939409429419421,0011,0021,020
Shares outstanding740m740m740m740m923m923m924m924m924m926m926m926m926m928m928m929m929m932m933m950m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read moreMoney is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2009FY2010 †FY2011 †FY2012 †FY2013FY2014 †FY2015FY2016FY2017 †FY2018 †FY2019FY2020FY2021 †FY2022FY2023FY2024FY2025TTM
Revenue1,0278401,4221,9611,7501,7612,1972,5332,6182,8043,3314,4394,7595,9748,0238,2028,7909,363
Operating income-44.6-61494.893.03043203806681,9541,6881,8502,1193,2073,4683,7084,4164,3585,134
Operating margin-4.3%-73.0%6.7%4.7%17.4%18.2%17.3%26.4%74.6%60.2%55.5%47.7%67.4%58.0%46.2%53.8%49.6%54.8%
Interest expense3734614675053793093013032742292403152663096418641,0021,078
Pre-tax incomen/a-1,632-273-1033367149491,3471,8161,8861,7761,7473,3233,6913,4644,1153,7694,868
Income tax6.0-30.51.8-3.6107-25.723.154.654.663.374.5130174135211167204337
Effective tax raten/an/an/an/a31.7%-3.6%2.4%4.1%3.0%3.4%4.2%7.5%5.2%3.7%6.1%4.1%5.4%6.9%
Net income22.8-1,270-153-39.73436368691,2101,6521,6491,5731,4822,9403,3653,0593,7323,3284,259
Net margin2.2%-151.2%-10.8%-2.0%19.6%36.1%39.6%47.8%63.1%58.8%47.2%33.4%61.8%56.3%38.1%45.5%37.9%45.5%
Diluted EPS-$0.01-$5.90-$0.51-$0.18$0.64$1.24$1.64$2.27$3.06$2.87$2.46$2.01$3.94$4.25$3.29$4.01$3.56$4.53
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2016 to FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Real Estate Operations2,2302,2442,3982,8393,8024,1694,9346,8237,5308,19893.3%
Strategic Capital3043744064926375911,0401,2006725926.7%
Real Estate OperationsStrategic Capital
2,618FY20173,331FY20194,759FY20218,023FY20238,790FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Profit by segment FY2016 to FY2025

The operating profit each segment reports. Costs Prologis does not charge to a segment are left out, so the segments can add up to more than the company's own operating profit.

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Margin
FY2025
Real Estate Operations1,6461,6631,7842,0912,8203,1053,6885,1455,7176,18875.5%
Strategic Capital17521924930741938473681538032254.3%
Real Estate OperationsStrategic Capital
1,881FY20172,399FY20193,489FY20215,960FY20236,509FY2025

$ million; the figure over a bar is all the segments together. Hover a block for its profit, sales and margin.

FY2025Share of salesShare of profit
Real Estate Operations93%95%
Strategic Capital7%5%

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has an operating profit figure. A margin is a segment's operating profit over its own sales.

Cash flow

FY2009FY2010 †FY2011 †FY2012 †FY2013FY2014 †FY2015FY2016FY2017 †FY2018 †FY2019FY2020FY2021 †FY2022FY2023FY2024FY2025TTM
Operating cash flow89.1241207463485705n/a1,4171,6871,8042,2642,9372,9964,1265,3734,9125,0085,551
Capital expendituren/an/an/an/an/an/an/an/a1,6061,9531,7951,9202,6403,1183,3993,2062,7813,208
Free cash flown/an/an/an/an/an/an/an/a81.1-1504691,0173561,0081,9741,7062,2272,343
Free cash flow marginn/an/an/an/an/an/an/an/a3.1%-5.3%14.1%22.9%7.5%16.9%24.6%20.8%25.3%25.0%
Cash from investing1,235733-2335302,334-488n/a1,252543-664-685-3,074-1,990-4,499-6,419-3,099-3,630-3,990
Cash from financing-1,463-970163-1,072-2,366-338n/a-2,125-2,607-1,232-840-372-1,0081161,320-1,000-1,564-461
Depreciation and amortisation3273576047676646428809318799471,1401,5621,5781,8132,4852,5812,6262,800
Share-based compensation17.225.128.932.149.257.553.760.376.676.197.6110113175268232185210
Dividends paid2722813875205526728058939431,1231,3461,7231,8732,4953,2293,5703,7653,964
Dividend per share$1.57$1.25$1.06$1.12$1.12$1.32$1.52$1.68$1.76$1.92$2.12$2.32$2.52$3.16$3.48$3.84$4.04n/a
Diluted shares, weighted180m220m371m460m492m506m534m547m552m590m655m754m765m812m952m954m957m969m
Shares outstanding at period endn/a254m459m462m499m509m525m529m532m630m632m739m740m923m924m926m929m950m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2009FY2010 †FY2011 †FY2012 †FY2013FY2014 †FY2015FY2016FY2017 †FY2018 †FY2019FY2020FY2021 †FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity8,0077,50513,66213,06913,71113,97614,66814,99115,63122,29822,65331,97233,42753,23753,18253,95153,19355,909
Non-controlling interestn/a15.17947044651,2083,7533,4673,0753,5033,4194,3534,3154,6264,6424,6664,5614,433
Debtn/a6,50611,38211,7919,0119,33711,62710,6089,41311,09011,90616,84917,71523,87629,00130,87935,03736,832
Other liabilitiesn/a8761,8861,7461,3851,2981,3471,1831,3631,5272,0542,8913,0296,1586,1975,8335,9336,721
Total liabilities and equityn/a14,90327,72427,31024,57225,81831,39530,25029,48138,41840,03256,06558,48687,89793,02195,32998,724103,895
Owned
Fixed assetsn/an/an/an/an/an/an/an/an/a112107118118120208212222n/a
Goodwilln/a32.8n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Intangible assetsn/an/an/a2192222426145204687556711,0539891,7331,6801,5631,496n/a
Investmentsn/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a1,000
Cash and equivalents34.437.61761014913512648074473441,0895985562785301,3191,1462,273
Other assetsn/a14,83227,54826,99123,85925,22630,51728,92228,56637,20738,16454,29656,82385,76690,60392,23595,861100,621
Total assetsn/a14,90327,72427,31024,57225,81831,39530,25029,48138,41840,03256,06558,48687,89793,02195,32998,724103,895
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded14.9%14.6%13.7%7.2%
Profit growth, compounded14.4%17.6%-0.4%32.9%
Return on equity, average7.2%6.8%6.3%6.3%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Prologis' revenue in fiscal 2025?

Prologis (PLD) reported revenue of $8.8 billion for fiscal 2025, the year ended 31 December 2025, up 7.2% on the year before.

How much did Prologis earn in fiscal 2025?

Net income was $3.3 billion for fiscal 2025, and diluted earnings per share $3.56.

What is Prologis' P/E ratio?

At the close of 6 November 2026, Prologis traded at 28.0 times its earnings over the twelve months to 30 September 2026.

What is Prologis' market cap?

The market cap of Prologis was $120.7 billion at the close of 6 November 2026.

Does Prologis pay a dividend?

Yes. Prologis declared $4.22 a share in dividends over the four quarters to 30 September 2026.

Peers: Trading

CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Welltower Inc. WELL$179.3 billion106.063.4%-1.9%39.2%0.401.3%
Prologis, Inc. PLD$120.7 billion28.037.6%54.8%7.2%0.663.3%
Equinix Inc. EQIX$100.2 billion60.7911.3%22.5%11.1%1.572.0%
American Tower Corp. AMT$87.7 billion26.6394.2%44.8%5.3%10.693.7%
Simon Property Group Inc. SPG$73.9 billion16.48110.4%45.9%16.2%6.963.9%
Digital Realty Trust, Inc. DLR$65.3 billion72.893.3%16.2%20.0%0.69n/a
Public Storage PSA$63.1 billion35.3413.1%34.5%5.2%0.843.6%
Realty Income Corp. O$56.2 billion40.723.4%20.5%10.8%0.795.5%
Ventas, Inc. VTR$46.9 billion167.461.7%3.2%22.1%0.792.3%
Crown Castle Inc. CCI$37.7 billion46.63n/a47.1%-15.7%n/a4.8%
Extra Space Storage Inc. EXR$33.2 billion32.358.1%43.8%4.1%1.044.1%
Iron Mountain Inc. IRM$31.7 billion69.58n/a19.5%17.5%n/a3.2%
All 181 in Trading
CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Morgan Stanley MS$284.0 billion14.4017.5%n/a16.2%3.322.3%
Goldman Sachs Group Inc. GS$249.8 billion12.4417.7%n/a18.7%3.562.1%
BlackRock, Inc. BLK$182.3 billion26.8111.9%32.5%24.7%0.221.9%
Welltower Inc. WELL$179.3 billion106.063.4%-1.9%39.2%0.401.3%
Charles Schwab Corp. SCHW$157.9 billion15.6120.7%n/a18.1%0.461.3%
Prologis, Inc. PLD$120.7 billion28.037.6%54.8%7.2%0.663.3%
CME Group Inc. CME$109.7 billion25.1016.8%65.7%9.0%0.133.7%
Equinix Inc. EQIX$100.2 billion60.7911.3%22.5%11.1%1.572.0%
Intercontinental Exchange, Inc. ICE$96.1 billion23.5013.9%40.6%12.1%0.781.2%
Blackstone Inc. BX$90.8 billion26.5640.2%47.9%22.1%1.533.9%
American Tower Corp. AMT$87.7 billion26.6394.2%44.8%5.3%10.693.7%
KKR & Co. Inc. KKR$86.6 billion30.7210.2%n/a31.1%1.720.8%
Brookfield Asset Management Ltd. BAM$84.6 billionn/an/a58.6%31.9%0.38n/a
Simon Property Group Inc. SPG$73.9 billion16.48110.4%45.9%16.2%6.963.9%
Robinhood Markets, Inc. HOOD$72.9 billion37.2919.7%45.7%20.9%0.26n/a
Apollo Global Management, Inc. APO$69.0 billionn/a-5.8%9.8%12.2%0.921.8%
Digital Realty Trust, Inc. DLR$65.3 billion72.893.3%16.2%20.0%0.69n/a
Public Storage PSA$63.1 billion35.3413.1%34.5%5.2%0.843.6%
Nasdaq, Inc. NDAQ$59.8 billion29.2717.4%29.7%11.9%0.731.1%
Realty Income Corp. O$56.2 billion40.723.4%20.5%10.8%0.795.5%
Ventas, Inc. VTR$46.9 billion167.461.7%3.2%22.1%0.792.3%
Ameriprise Financial Inc. AMP$43.6 billion11.2981.4%26.8%10.0%1.17n/a
Ares Management Corp. ARES$42.0 billionn/a11.3%17.7%7.6%2.033.9%
Crown Castle Inc. CCI$37.7 billion46.63n/a47.1%-15.7%n/a4.8%
Cboe Global Markets, Inc. CBOE$36.8 billion25.1125.0%36.4%14.3%0.240.9%
Interactive Brokers Group, Inc. IBKR$34.4 billion29.1618.9%n/a19.7%n/a0.4%
Extra Space Storage Inc. EXR$33.2 billion32.358.1%43.8%4.1%1.044.1%
Iron Mountain Inc. IRM$31.7 billion69.58n/a19.5%17.5%n/a3.2%
Raymond James Financial Inc. RJF$31.3 billion14.1918.2%n/a10.5%0.071.3%
Tradeweb Markets Inc. TW$29.7 billion29.9913.7%44.1%14.4%0.000.4%
Nomura Holdings Inc. NMR *$27.3 billion12.459.8%n/a14.0%n/a4.4%
Vici Properties Inc. VICI$27.3 billion11.378.1%n/a4.7%0.587.3%
Vivmark Residential VMRK$24.6 billion28.488.3%28.2%2.8%0.794.3%
T. Rowe Price Group, Inc. TROW$23.1 billion10.9619.2%32.0%6.9%0.004.8%
LPL Financial Holdings Inc. LPLA$23.0 billion16.9524.0%9.2%31.0%1.340.4%
Royal Gold Inc. RGLD$22.5 billion26.7910.8%62.0%105.2%0.020.7%
Pershing Square Inc. PS$20.6 billionn/a-9.0%0.2%n/a0.21n/a
SBA Communications Corp. SBAC$19.8 billion20.45n/a47.7%2.3%n/a2.6%
Texas Pacific Land Corp. TPL$18.8 billion32.0032.6%75.5%25.3%0.000.9%
TPG Inc. TPG$17.9 billion59.186.8%n/a18.8%0.574.8%
Essex Property Trust, Inc. ESS$17.5 billion50.556.6%29.5%4.5%1.253.8%
Franklin Templeton Inc. BEN$17.1 billion22.976.9%9.7%7.9%0.203.9%
Kimco Realty Corp. KIM$17.0 billion23.847.4%40.1%3.5%0.834.2%
Host Hotels & Resorts, Inc. HST$16.9 billion17.9814.8%14.8%5.0%0.806.1%
Lamar Advertising Co. LAMR$15.8 billion27.5155.8%32.1%5.1%3.394.3%
Blue OWL Capital Inc. OWL$15.4 billion70.144.9%-105.8%119.9%1.898.7%
Weyerhaeuser Co. WY$15.1 billion33.294.8%11.7%-1.1%0.574.0%
W. P. Carey Inc. WPC$15.0 billion22.437.4%43.8%9.0%1.005.7%
Annaly Capital Management Inc. NLY$14.7 billion13.117.1%n/a28.4%2.4314.9%
Omega Healthcare Investors Inc. OHI$14.6 billion19.3613.8%73.4%14.0%0.735.6%
Sun Communities Inc. SUI$14.4 billionn/a-14.7%4.2%2.9%0.723.7%
Carlyle Group Inc. CG$14.0 billion42.225.4%16.6%-7.6%0.463.5%
Healthpeak Properties, Inc. DOC$14.0 billion37.564.8%4.0%9.4%1.196.0%
Mid-America Apartment Communities, Inc. MAA$13.8 billion36.057.3%n/a1.0%1.105.1%
Regency Centers Corp. REG$13.7 billion26.747.7%72.0%8.4%0.724.0%
American Healthcare REIT, Inc. AHR$13.4 billion118.201.7%20.2%21.5%0.251.7%
SEI Investments Co. SEIC$12.5 billion18.3128.3%29.4%12.8%0.011.0%
Equity Lifestyle Properties Inc. ELS$12.2 billion31.0123.1%26.1%3.2%1.893.4%
Invesco Ltd. IVZ$11.9 billionn/a-2.5%-4.5%13.7%0.103.1%
Udr, Inc. UDR$11.7 billion17.2522.3%52.2%0.6%1.844.7%
American Homes 4 Rent AMH$11.7 billion26.916.7%15.2%3.5%0.773.9%
Stifel Financial Corp. SF$11.4 billion12.2816.1%n/a10.9%0.101.8%
Gaming & Leisure Properties, Inc. GLPI$11.3 billion11.8918.9%79.1%7.3%1.638.2%
Freedom Holding Corp. FRHC$11.0 billionn/an/an/an/an/an/a
Jefferies Financial Group Inc. JEF$10.9 billionn/a8.3%n/a17.7%1.723.4%
Evercore Inc. EVR$10.8 billion15.6339.2%21.3%36.6%0.281.2%
Eastgroup Properties Inc. EGP$10.4 billion32.848.9%40.8%10.4%0.513.3%
Bxp, Inc. BXP$10.4 billion19.4710.3%29.2%2.7%3.204.3%
Houlihan Lokey, Inc. HLI$10.1 billion24.4617.5%20.3%-0.4%0.001.8%
CubeSmart CUBE$10.1 billion29.8114.0%40.8%3.3%1.434.7%
Camden Property Trust CPT$10.0 billion9.2824.6%n/a-1.0%0.934.2%
Janus Living, Inc. JAN$9.9 billionn/a0.2%n/an/a0.00n/a
CareTrust REIT, Inc. CTRE$9.8 billion24.046.8%54.6%43.6%0.393.9%
Federal Realty Investment Trust FRT$9.7 billion22.5313.6%47.7%7.8%1.504.0%
Affiliated Managers Group, Inc. AMG$9.4 billion12.5628.2%15.1%11.8%0.990.0%
Brixmor Property Group Inc. BRX$9.2 billion21.9114.1%n/a5.7%1.764.1%
Ryman Hospitality Properties, Inc. RHP$9.1 billion31.8920.2%19.6%12.9%3.403.6%
Agree Realty Corp. ADC$9.1 billion36.033.5%48.9%17.7%0.543.8%
Morningstar, Inc. MORN$9.1 billion21.3343.4%24.5%9.4%1.640.8%
Lineage, Inc. LINE$8.9 billionn/a-2.1%3.6%1.0%0.795.4%
Virtu Financial, Inc. VIRT$8.4 billion7.9231.1%32.4%26.1%2.381.8%
Rexford Industrial Realty, Inc. REXR$8.1 billionn/a-6.4%39.8%-2.0%0.394.6%
NNN REIT, Inc. NNN$8.0 billion19.598.7%62.9%7.3%1.105.9%
Alexandria Real Estate Equities, Inc. ARE$7.8 billionn/a-9.7%-85.8%-9.9%0.876.4%
Victory Capital Holdings, Inc. VCTR$7.4 billion21.9218.8%40.4%36.9%0.401.6%
InterDigital, Inc. IDCC$7.4 billion31.4625.2%45.1%-12.0%0.251.0%
First Industrial Realty Trust Inc. FR$7.1 billion19.9912.9%41.6%8.5%0.963.6%
Stag Industrial, Inc. STAG$7.1 billion25.967.4%37.7%9.3%0.944.2%
Macerich Co. MAC$7.1 billionn/a-3.6%-12.0%-1.3%1.902.7%
Vornado Realty Trust VNO$6.7 billionn/a0.2%n/a1.6%1.272.1%
Healthcare Realty Trust Inc. HR$6.5 billionn/a-1.1%n/a-5.8%1.045.0%
StoneX Group Inc. SNEX$6.5 billion9.3918.5%n/a48.7%6.97n/a
Rayonier Inc. RYN$6.4 billion37.143.0%12.0%24.1%0.354.9%
Essential Properties Realty Trust, Inc. EPRT$6.2 billion22.745.8%60.6%20.4%0.664.5%
Dolby Laboratories, Inc. DLB$6.1 billion27.598.8%17.7%0.6%0.002.2%
Marketaxess Holdings Inc. MKTX$5.8 billion20.2722.9%39.1%3.9%0.071.9%
StepStone Group Inc. STEP$5.7 billionn/an/a-58.2%48.5%n/a3.1%
SSR Mining Inc. SSRM$5.7 billion24.067.7%40.9%39.4%0.00n/a
Sabra Health Care REIT, Inc. SBRA$5.5 billion75.042.5%n/a23.4%0.865.7%
Outfront Media Inc. OUT$5.4 billion21.0936.6%20.7%9.1%3.594.0%
Galaxy Digital Inc. GLXY$5.3 billionn/a-18.5%-2.3%66.0%1.55n/a
Phillips Edison & Company, Inc. PECO$5.2 billion28.157.5%n/a7.0%1.055.6%
Rithm Capital Corp. RITM$5.2 billionn/an/an/an/a3.5010.8%
Kite Realty Group Trust KRG$5.0 billion15.7112.4%17.4%-7.3%1.024.6%
Hamilton Lane Inc. HLNE$5.0 billion13.2628.2%43.7%18.9%0.27n/a
BGC Group, Inc. BGC$5.0 billion25.5718.0%4.7%27.6%1.600.8%
HA Sustainable Infrastructure Capital, Inc. HASI$5.0 billion40.525.5%n/a22.6%2.364.4%
Cousins Properties Inc. CUZ$4.9 billion328.830.3%68.3%8.5%0.804.3%
Federated Hermes, Inc. FHI$4.7 billion11.5732.5%27.8%13.2%0.272.2%
Howard Hughes Holdings Inc. HHH$4.6 billion30.714.3%18.1%42.8%1.44n/a
Americold Realty Trust COLD$4.6 billion19.307.9%15.1%1.3%1.035.7%
EPR Properties EPR$4.6 billion16.8112.7%59.0%7.3%1.436.1%
Apple Hospitality REIT, Inc. APLE$4.5 billion23.905.9%18.3%3.2%0.475.1%
Tanger Inc. SKT$4.4 billionn/an/an/an/a2.44n/a
Piper Sandler Companies PIPR$4.4 billion15.5321.9%n/a21.1%n/a3.0%
Starwood Property Trust, Inc. STWD$4.4 billionn/a-4.0%-12.7%14.4%3.4015.9%
Lazard, Inc. LAZ$4.2 billion23.2219.5%8.1%9.2%1.785.2%
Kilroy Realty Corp. KRC$4.2 billion149.250.6%n/a-3.6%0.846.0%
Cohen & Steers, Inc. CNS$3.8 billion22.4627.8%32.4%8.6%0.003.6%
Copt Defense Properties CDP$3.7 billion22.2111.0%30.2%7.2%1.673.8%
PJT Partners Inc. PJT$3.7 billion21.2552.5%20.5%10.2%0.000.7%
LXP Industrial Trust LXP$3.6 billion31.545.9%n/a-3.5%0.664.5%
SL Green Realty Corp. SLG$3.6 billionn/a-3.7%61.7%9.7%1.255.2%
Independence Realty Trust, Inc. IRT$3.5 billion57.651.8%16.6%3.1%0.724.7%
Highwoods Properties, Inc. HIW$3.5 billion18.747.8%67.2%5.4%1.486.4%
Miami International Holdings, Inc. MIAX$3.4 billion12.7724.3%10.9%n/a0.00n/a
National Health Investors Inc. NHI$3.4 billion20.5910.6%n/a23.9%0.815.2%
Broadstone Net Lease, Inc. BNL$3.4 billion23.045.1%46.0%8.0%1.016.7%
Acadian Asset Management Inc. AAMI$3.2 billion26.66n/a25.5%27.9%n/a0.3%
Artisan Partners Asset Management Inc. APAM$3.2 billion9.1669.7%33.4%8.7%0.438.1%
WisdomTree, Inc. WT$2.9 billion27.4424.8%39.9%45.2%2.380.6%
DiamondRock Hospitality Co. DRH$2.9 billion17.7710.7%16.6%2.1%0.712.9%
Acadia Realty Trust AKR$2.7 billion70.732.0%53.3%-0.3%0.784.0%
Four Corners Property Trust, Inc. FCPT$2.6 billion21.497.3%n/a10.2%0.966.3%
CoreCivic, Inc. CXW$2.5 billion1.8563.5%9.9%26.9%0.28n/a
InvenTrust Properties Corp. IVT$2.5 billion85.221.6%-7.7%12.6%0.583.1%
LTC Properties Inc. LTC$2.5 billion4.7030.8%58.5%70.4%0.605.1%
Netstreit Corp. NTST$2.4 billion85.411.1%32.5%27.1%0.604.7%
Pebblebrook Hotel Trust PEB$2.4 billionn/a-2.9%3.1%2.8%0.890.2%
SmartStop Self Storage REIT, Inc. SMA$2.2 billion67.122.9%22.9%20.7%1.00n/a
RLJ Lodging Trust RLJ$1.9 billion121.901.7%10.0%4.1%1.034.8%
Douglas Emmett Inc. DEI$1.7 billionn/a-1.1%18.8%1.8%3.147.5%
Diversified Healthcare Trust DHC$1.7 billionn/a-9.9%-2.3%-3.8%1.600.6%
Global Net Lease, Inc. GNL$1.5 billionn/a-3.4%37.9%-21.8%1.7811.0%
CBL & Associates Properties Inc. CBL$1.5 billion6.8150.8%27.2%9.0%4.76n/a
American Assets Trust, Inc. AAT$1.3 billion61.541.9%23.6%1.1%1.526.3%
Alexanders Inc. ALX$1.3 billion6.7883.9%n/a8.2%3.677.1%
UMH Properties, Inc. UMH$1.3 billion298.400.5%n/a8.5%0.976.0%
Digital Turbine, Inc. APPS$1.3 billionn/a-18.3%10.3%19.2%1.85n/a
Medical Properties Trust Inc. MPT$1.1 billion4.405.4%3.7%10.5%2.0019.9%
Easterly Government Properties, Inc. DEA$1.1 billion77.521.1%23.9%11.4%1.288.0%
Ridgepost Capital, Inc. RPC$1.1 billion31.326.8%27.2%8.2%0.921.5%
Oppenheimer Holdings Inc. OPY$974 million12.238.7%7.2%13.9%n/a0.8%
Centerspace CSR$964 million10.7311.5%56.1%-6.0%1.025.4%
Orchid Island Capital, Inc. ORC$960 million98.60-0.5%95.7%74.8%9.2126.8%
Empire State Realty Trust, Inc. ESRT$918 million265.250.3%-4.4%2.0%2.142.6%
Abacus Global Management, Inc. ABX$852 million32.526.5%31.8%65.3%0.76n/a
Virtus Investment Partners, Inc. VRTS$846 million7.2812.7%15.7%-7.2%0.447.5%
CTO Realty Growth, Inc. CTO$783 million17.726.5%37.5%15.9%1.05n/a
Summit Hotel Properties, Inc. INN$755 millionn/a-2.5%9.9%2.4%1.654.6%
Safehold Inc. SAFE$749 million6.584.7%24.9%16.5%1.956.7%
Postal Realty Trust, Inc. PSTL$742 million38.904.7%38.2%22.3%0.944.4%
JBG Smith Properties JBGS$739 millionn/a-20.4%0.8%3.0%2.545.6%
Chatham Lodging Trust CLDT$722 million96.882.2%13.4%3.8%0.562.5%
Saul Centers, Inc. BFS$709 million31.0411.6%66.7%9.2%5.588.3%
PennyMac Mortgage Investment Trust PMT$685 million17.094.6%22.3%-11.5%1.7920.4%
Service Properties Trust SVC$674 million14.03-65.1%-6.1%-15.6%6.352.9%
Chimera Investment Corp. CIM$613 millionn/a-7.9%n/a12.4%4.0923.5%
Brandywine Realty Trust BDN$553 millionn/a-21.5%19.0%3.5%3.739.8%
Universal Health Realty Income Trust UHT$544 million26.9914.5%35.9%-0.0%2.847.6%
TPG RE Finance Trust, Inc. TRTX$512 million17.314.4%n/a-2.4%4.1014.2%
Franklin BSP Realty Trust, Inc. FBRT$470 millionn/a1.4%n/a16.4%2.9215.4%
One Liberty Properties Inc. OLP$446 million18.668.6%48.3%10.7%1.838.5%
BrightSpire Capital, Inc. BRSP$416 million23.862.2%27.0%2.5%2.9819.2%
NexPoint Residential Trust, Inc. NXRT$415 millionn/a-16.6%10.6%0.7%7.2413.0%
Industrial Logistics Properties Trust ILPT$397 millionn/a-14.9%33.7%3.5%9.854.2%
Farmland Partners Inc. FPI$369 million55.002.3%12.4%-5.6%0.5615.8%
Arbor Realty Trust Inc. ABR$299 millionn/a-4.2%n/a-12.9%4.4158.6%
Apollo Commercial Real Estate Finance, Inc. ARI$297 million2.9010.5%35.1%-14.7%n/a43.1%
Mesabi Trust MSB$226 million34.8836.9%n/a-87.6%0.00n/a
North European Oil Royalty Trust NRT$65 millionn/an/an/an/an/an/a
115 companies share its SEC industry code (Real Estate Investment Trusts); the rest are the names nearest in size in its wider industry, Trading, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on PLD

Dividends$4.22 a share over the four quarters to 30 September 2026, a 3.32% yield
Filings28 in twelve months: 19 current reports (8-K), about 8 other events; 5 new financial obligation; 5 officer or director change; 4 results of operations; 4 regulation FD disclosure
Planned insider sales2 Form 144 notices in twelve months, $8.0 million; latest 16 July 2026
Options tapeput/call 0.8 by open interest at the 6 November 2026 close; the straddle prices a 4.4% move to 20 November 2026
13F holders1,746 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading9 sales and 1 purchase on Form 4 in twelve months
Congress1 House trade disclosed in six months
Short interest17.5 million shares short, 3.97 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q30 September 202628 October 2026EDGAR
10-Q30 June 202629 July 2026EDGAR
10-Q31 March 202630 April 2026EDGAR
10-K31 December 202513 February 2026EDGAR
10-Q30 September 202528 October 2025EDGAR
10-Q30 June 202530 July 2025EDGAR
10-Q31 March 202529 April 2025EDGAR
10-K31 December 202414 February 2025EDGAR
10-Q30 September 202425 October 2024EDGAR
10-Q30 June 202426 July 2024EDGAR

Reading about a stock somewhere else? Our free Chrome extension, GreekSoup Stock Ticker Lookup: Earnings, Insider Trades, 13F Holders, shows the latest quarter against a year ago, insider trades and 13F holders when you hover a $ticker such as $AAPL.