“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 ↗
Prologis, Inc.
PLD
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.
- 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.
Research brief
The story so far
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.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- PLD's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- 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.
- 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.
- EV/sales is 422% above the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 11, 2026
135.79Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“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 ↗
“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 ↗
“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.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
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.