Stock research

Prologis, Inc. (PLD) Stock Research

Prologis is the largest owner and operator of logistics and warehouse real estate, leasing space near major population and transport hubs.

For the fiscal year ended December 31, 2025, Prologis, Inc. reported revenue of $8.8B and net income of $3.3B, with operating cash flow of $5.0B. Source: Form 10-K filed February 13, 2026

SEC data as of

Revenue
$8.8B
FY ending 2025-12-31
Net income
$3.3B
FY ending 2025-12-31
Diluted EPS
$3.56
Net margin
37.9%

Reported SEC XBRL figures. Each metric’s period and original filing are listed below.

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About Prologis

Its portfolio is a direct beneficiary of e-commerce and supply-chain investment.

Exchange
NYSE: PLD
Sector
Real Estate
SEC industry
Real Estate Investment Trusts (SIC 6798)
Fiscal year end
December 31
Headquarters
San Francisco, California
Founded
1983

PLD key financials

Reported figures from Prologis, Inc.'s filings, pulled directly from SEC XBRL data rather than a third-party terminal. Each row links to the filing it came from.

MetricValuePeriodSource
Revenue$8.8B2025-01-01 – 2025-12-31SEC filing
Net income$3.3B2025-01-01 – 2025-12-31SEC filing
Operating cash flow$5.0B2025-01-01 – 2025-12-31SEC filing
Diluted EPS$3.562025-01-01 – 2025-12-31SEC filing
Net margin37.9%2025-01-01 – 2025-12-31SEC filing
Shares outstanding930MAs of 2026-02-11SEC filing

Values are as tagged by the issuer in XBRL. Revenue for banks and insurers is net of interest expense where that is the reported line. Fiscal years that do not follow the calendar are shown by their period-end date. No price, market cap, or valuation multiple is shown because Yield Theory does not republish unlicensed market data.

Diluted EPS is the earnings figure behind the price-to-earnings ratio; the P/E multiple compression calculator shows how a change in that multiple moves a share price. Shares outstanding multiplied by the share price gives market capitalization.

What investors should watch in PLD

Prologis, Inc. sits in Real Estate. REITs across offices, data centers, industrial, and residential — the most rate-sensitive corner of the equity market. We have not yet written company-specific drivers for PLD; the forces that matter most for the sector are:

  • ◆Long-term interest rates and cap rates
  • ◆Occupancy and rent growth by property type
  • ◆Data-center demand from AI workloads
  • ◆Refinancing walls and commercial credit

Key questions for the PLD thesis

Each question starts with what the filings show, then why it matters. None of these is a rating or a forecast.

Does PLD's reported profit turn into cash?

Operating cash flow was $5.0B, 1.50 times net income of $3.3B, for the fiscal year ended December 31, 2025.

Cash from operations exceeded reported earnings. Non-cash charges such as depreciation, amortization and stock-based compensation usually explain the gap; the cash-flow statement shows which.

Form 10-K filed February 13, 2026

How much of PLD's revenue is left as profit?

Net income was 37.9% of revenue for the fiscal year ended December 31, 2025, based on revenue and net income reported for the same period.

Net margin reflects the business model as much as execution, so compare it with companies in the same SEC industry and read the income statement for one-time items before treating it as a run rate.

Form 10-K filed February 13, 2026

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Congressional trading in PLD

PoliticianTrade dateTypeOwnerAmountSource
Kevin Hern2026-03-20SaleJoint$50,001 - $100,000Filing #20034262
David Taylor2026-02-26SaleSelf$1,001 - $15,000Filing #20034138
David Taylor2026-01-29PurchaseSelf$1,001 - $15,000Filing #20033916
David Taylor2026-01-16SaleSelf$1,001 - $15,000Filing #20033916
Dan Newhouse2025-08-18PurchaseSpouse$1,001 - $15,000Filing #20032091
David Taylor2025-08-14PurchaseSelf$1,001 - $15,000Filing #20030782
David Taylor2025-08-07PurchaseSelf$1,001 - $15,000Filing #20030782
Shelley Capito2025-08-01PurchaseSpouse$1,001 - $15,000Filing #0132a900-988f-466c-919d-73dfb4238889
Thomas Kean2025-06-30PurchaseSelf$1,001 - $15,000Filing #20030671
Gilbert Cisneros2025-05-29SaleSelf$1,001 - $15,000Filing #20030461

All verified PLD congressional disclosures

Congressional disclosures are delayed, range-based records—not real-time signals or proof of motive. See the source-linked tracker for scope and limitations.

PLD — frequently asked questions

What does Prologis, Inc. do?

Prologis is the largest owner and operator of logistics and warehouse real estate, leasing space near major population and transport hubs.

What were PLD's latest reported annual revenue and net income?

For the fiscal year ended December 31, 2025, Prologis, Inc. reported revenue of $8.8B and net income of $3.3B, with operating cash flow of $5.0B. The figures come from Prologis, Inc.'s SEC XBRL filings.

When does Prologis, Inc.'s fiscal year end?

The SEC lists Prologis, Inc.'s fiscal year end as December 31.

Do members of Congress trade PLD?

The current verified House and Senate snapshot contains 16 transaction rows for PLD, each linked to the original filing.

Where is Prologis, Inc. headquartered?

Prologis, Inc. is headquartered in San Francisco, California and was founded in 1983.

Is PLD a good investment?

This page does not rate PLD as a buy or sell. It sets out what Prologis, Inc. reports, what investors should watch and the questions a thesis has to answer, with links to the SEC filings. It is research, not investment advice.

This page is independent research and educational information, not investment advice or a recommendation to buy or sell any security. Company facts are compiled from public sources. Do your own research.

What do the PLD numbers leave unanswered?

Financials describe the business. The next question is which assumptions an investment thesis depends on. Explore the member reports below for analysis of catalysts, risks, and what would change the view. $39/month or $249/year.

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