Feed / PLD

Prologis, Inc.

PLD

Real Estate · 135.79 +1.1% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

Prologis, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 7 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.

Company+1.1% todayVolume comparison unavailable
Market group0 of 7 activeIndustrial REITs · unavailable
Disclosed network0 of 1 confirmingNo filing-linked name is confirming now
What would change this read
  • PLD's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if PLD's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Real Estate · REIT - Industrial

No new filing conclusion is available. 0 of 7 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • PLD's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations602
Usable filing statements70
Verified relationships1
Evidence supporting the case
  • Latest annual revenue changed +7.2% year over year.
  • Operating cash flow covered net income at 1.50x in the latest annual period.
  • Credit and interest rates has repeated favorable evidence across 4 filings.
Evidence challenging the case
  • Operating margin changed -4.3 percentage points in the latest annual period.
  • Net margin changed -7.6 percentage points in the latest annual period.
  • Foreign exchange has repeated adverse evidence across 4 filings.
Questions before a position
  • EV/sales is 422% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 11, 2026

135.79
6m+2.9%12m+22.4%24m+6.7%
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$4.8B+7.2%$3.94+1.4%
2022-12-31$6.0B+25.5%$4.25+6.1%
2023-12-31$8.0B+34.3%$3.29+17.3%
2024-12-31$8.2B+2.2%$4.01+0.2%
2025-12-31$8.8B+7.2%$3.56+0.3%

What management says matters

Persistent and emerging business drivers

Credit and interest ratespositive · 4 filings
Interest Expense The following table details our net interest expense for the three months ended March 31 (dollars in millions): 2026 2025 Gross interest expense $ 267 $ 234 Amortization of debt discount and debt issuance costs, net 20 21 Capitalized amounts…
10-Q · Apr 30, 2026
Demand and volumemixed · 4 filings
To date in 2026, our development activities have increased due to demand conditions, and we expect this to continue during the remainder of the year.
10-Q · Apr 30, 2026
Foreign exchangenegative · 4 filings
Included in these amounts are consolidated and unconsolidated investments denominated in foreign currencies, principally the British pound sterling, Canadian dollar, euro and Japanese yen that are impacted by fluctuations in exchange rates when translated to…
10-Q · Apr 30, 2026
Restructuring and cost reductionsmixed · 3 filings
Fair Value Measurements on Nonrecurring Basis Acquired properties, assets we expect to sell or contribute and assets subject to impairment charges are significant nonfinancial assets that met the criteria to be measured at fair value on a nonrecurring basis.
10-Q · Apr 30, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 14.8× · EV/sales 18.6×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

135.79+1.1% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for PLD. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for PLD. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind PLD

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

BATRAAtlanta Braves Holdings, Inc.distributorFeb 13, 2026

In addition to California, we also have significant holdings (defined as more than 3% of total consolidated investment before depreciation) in operating properties in certain markets located in Atlanta, Chicago, Dallas/Fort Worth, Houston, Lehigh Valley, New…

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

PLD is currently a Early Follower in the organic co-movement group Industrial REITs. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.