PLD

Updated: Mar 12, 2026 11:30 AM

Prologis Inc

Market Cap: $131.44B P/S: 58x Ownership — Insider: 0.5% | Institutional: 96.6% | Retail: 2.9% REAL ESTATE REIT - INDUSTRIAL

Prologis, Inc. is a real estate investment trust headquartered in San Francisco, California that invests in logistics facilities, with a focus on the consumption side of the global supply chain.

Revenue

Revenue, Profit & Income — explained by Jerry the Goat Farmer
Total RevenueEvery single dollar that wanders onto Jerry's farm. Cheese sales, milk money, goat yoga memberships, and that one weird guy who pays $50 to just watch the goats. Jerry doesn't ask questions.
Gross ProfitThe money left after feeding the goats but before reality sets in. Jerry feels rich for exactly 11 minutes.
Net IncomeWhat Jerry actually gets to keep after the Jerrynment, cousin Larry, the feed store, and his ex-wife's lawyer all take their cut. This number is often... humbling.
Using alias: revenuea -> totalRevenue [annual] [income]
Using alias: profita -> grossProfit [annual] [income]
Using alias: incomea -> netIncome [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        20/20 dates (100%)
  ✅ grossProfit                         20/20 dates (100%)
  ✅ netIncome                           20/20 dates (100%)

Plot for PLD (in B)
  reports: annualReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -8.79B                    -4.40B                     0.00B                     4.40B                     8.79B
               |                         |                         |                         |                         |

  2006-12-31 |                                                     |  0.73B
  2007-12-31 |                                                     |  0.67B
  2008-12-31 |                                                    |  0.72B
  2009-12-31 |                                                    |  0.63B
  2010-12-31 |                                                     |  0.63B
  2011-12-31 |                                                    |  1.53B
  2012-12-31 |                                                    |  2.01B
  2013-12-31 |                                                     |  1.75B
  2014-12-31 |                                                     |  1.76B
  2015-12-31 |                                                     |  2.20B
  2016-12-31 |                                                     |  2.53B
  2017-12-31 |                                                     |  2.62B
  2018-12-31 |                                                     |  2.80B
  2019-12-31 |                                                     |  3.33B
  2020-12-31 |                                                     |  4.44B
  2021-12-31 |                                                     |  4.76B
  2022-12-31 |                                                     |  5.97B
  2023-12-31 |                                                     |  8.02B
  2024-12-31 |                                                     |  8.20B
  2025-12-31 |                                                     | 8.79B

               |                         |                         |                         |                         |
               -8.79B                    -4.40B                     0.00B                     4.40B                     8.79B

Costs

Operating Costs — explained by Jerry the Goat Farmer
Cost of Goods & Services SoldThe unglamorous stuff: hay, feed, vet bills for when Sergio the goat eats another iPhone. These goats don't feed themselves, and they definitely don't apologize.
Selling, General & AdministrativeThe "CHEESE HAPPENS" billboard on the highway, the accountant (cousin Larry, who definitely cheated in Monopoly as a kid), office supplies, and the therapy Jerry needs after dealing with cousin Larry.
Research & DevelopmentJerry's experimental ghost pepper goat cheese that made three customers cry. Also the goat treadmill. The goats refuse to use the goat treadmill.
Using alias: rnda -> researchAndDevelopment [annual] [income]
Using alias: sgaa -> sellingGeneralAndAdministrative [annual] [income]
Using alias: cogsa -> costofGoodsAndServicesSold [annual] [income]


Data Completeness:
------------------------------------------------------------
  ⚠️  researchAndDevelopment              15/20 dates (75%)
  ✅ sellingGeneralAndAdministrative     20/20 dates (100%)
  ✅ costofGoodsAndServicesSold          20/20 dates (100%)

Plot for PLD (in B)
  reports: annualReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00B                     0.89B                     1.78B                     2.66B                     3.55B
               |                         |                         |                         |                         |

  2006-12-31 |  0.11B
  2007-12-31 |  0.17B ⊗
  2008-12-31 |  0.18B ⊗
  2009-12-31 |  0.18B ⊗
  2010-12-31 |  0.24B
  2011-12-31 |  0.40B
  2012-12-31 |  0.56B
  2013-12-31 |  0.54B
  2014-12-31 |  0.55B
  2015-12-31 |  0.65B
  2016-12-31 |  0.70B
  2017-12-31 |  0.72B
  2018-12-31 |  0.76B
  2019-12-31 |  0.92B
  2020-12-31 |  1.17B
  2021-12-31 |  1.25B
  2022-12-31 |  1.51B
  2023-12-31 |  2.01B
  2024-12-31 |  2.06B ⊗
  2025-12-31 |  3.55B ⊗

               |                         |                         |                         |                         |
               0.00B                     0.89B                     1.78B                     2.66B                     3.55B

Cash

Cash, Debt & Cash Flow — explained by Jerry the Goat Farmer
Cash & Short-Term InvestmentsThe coffee can buried behind the barn, $47 in a savings account, and some cryptocurrency Jerry bought drunk in 2021. He's afraid to check on it.
Short/Long-Term DebtThe barn loan that'll follow Jerry to the grave (long-term) and the $200 he owes the feed store guy who's starting to give him looks (short-term).
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Using alias: casha -> cashAndShortTermInvestments [annual] [balance]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: paychecka -> operatingCashflow [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ cashAndShortTermInvestments         20/20 dates (100%)
  ✅ shortLongTermDebtTotal              20/20 dates (100%)
  ✅ operatingCashflow                   20/20 dates (100%)

Plot for PLD (in B)
  reports: annualReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               0.00B                     8.76B                    17.52B                    26.28B                    35.04B
               |                         |                         |                         |                         |

  2006-12-31 |  3.44B
  2007-12-31 |  3.49B
  2008-12-31 |  3.99B
  2009-12-31 |  3.21B
  2010-12-31 |  6.51B
  2011-12-31 |  11.38B
  2012-12-31 |  11.79B
  2013-12-31 |  9.01B
  2014-12-31 |  9.34B
  2015-12-31 |  11.64B
  2016-12-31 |  10.64B
  2017-12-31 |  9.73B
  2018-12-31 |  11.14B
  2019-12-31 |  12.38B
  2020-12-31 |  17.34B
  2021-12-31 |  18.21B
  2022-12-31 |  24.51B
  2023-12-31 |  29.60B
  2024-12-31 |  31.49B
  2025-12-31 |  35.04B

               |                         |                         |                         |                         |
               0.00B                     8.76B                    17.52B                    26.28B                    35.04B

FCF

Free Cash Flow — explained by Jerry the Goat Farmer
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Capital ExpendituresBig, expensive purchases Jerry justifies at 2am: the industrial milking machine, new fencing, and a hot tub "for the goats" that somehow only Jerry uses.
Using alias: paychecka -> operatingCashflow [annual] [cashflow]
Using alias: capexa -> capitalExpenditures [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   20/20 dates (100%)
  ✅ capitalExpenditures                 20/20 dates (100%)

Plot for PLD (in B)
  reports: annualReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               0.00B                     1.48B                     2.96B                     4.44B                     5.92B
               |                         |                         |                         |                         |

  2006-12-31 |  1.49B
  2007-12-31 |  1.36B
  2008-12-31 |  1.22B
  2009-12-31 |  0.40B
  2010-12-31 |  0.27B
  2011-12-31 |  1.08B
  2012-12-31 |  0.46B
  2013-12-31 |  0.48B
  2014-12-31 |  0.70B
  2015-12-31 |  0.96B
  2016-12-31 |  1.42B
  2017-12-31 |  1.69B
  2018-12-31 |  1.80B
  2019-12-31 |  2.26B
  2020-12-31 |  2.94B
  2021-12-31 |  4.96B
  2022-12-31 |  5.61B
  2023-12-31 |  5.37B
  2024-12-31 |  5.92B
  2025-12-31 |  5.01B

               |                         |                         |                         |                         |
               0.00B                     1.48B                     2.96B                     4.44B                     5.92B

Assets

Assets, Liabilities & Equity — explained by Jerry the Goat Farmer
🐐 Assets = Liabilities + Equity

Translation: What Jerry owns = What Jerry owes + What's actually Jerry's

Or as Jerry mutters every April during tax season:
"Everything I have equals everything I owe plus whatever scraps are left for me, a humble goat man just trying to make cheese in this cruel world."
Total AssetsEverything Jerry owns: 12 acres of land, a barn that's "rustic" (rotting), 47 goats, Sergio (appraised at $800, priceless to Jerry), the cheese cave, and a 2004 Ford F-150 held together by duct tape and prayer.
Total LiabilitiesEverything Jerry owes: bank loans, the feed store tab, back taxes, and a moral debt to his neighbor for "borrowing" that tractor in 2019. They both know he's not returning it.
Total Shareholder EquityIf Jerry sold absolutely everything, paid off every debt, and finally returned that tractor... this is what he'd have left. His actual net worth. Some days it's a retirement fund. Other days it's "enough for a bus ticket and a fresh start."
Using alias: assetsa -> totalAssets [annual] [balance]
Using alias: liabila -> totalLiabilities [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         20/20 dates (100%)
  ✅ totalLiabilities                    20/20 dates (100%)
  ✅ totalShareholderEquity              20/20 dates (100%)

Plot for PLD (in B)
  reports: annualReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               0.00B                    24.68B                    49.36B                    74.04B                    98.72B
               |                         |                         |                         |                         |

  2006-12-31 |  6.71B
  2007-12-31 |  7.26B
  2008-12-31 |  7.29B
  2009-12-31 |  6.84B
  2010-12-31 |  7.37B
  2011-12-31 |  27.72B
  2012-12-31 |  27.31B
  2013-12-31 |  24.57B
  2014-12-31 |  25.82B
  2015-12-31 |  31.39B
  2016-12-31 |  30.25B
  2017-12-31 |  29.48B
  2018-12-31 |  38.42B
  2019-12-31 |  40.03B
  2020-12-31 |  56.07B
  2021-12-31 |  58.49B
  2022-12-31 |  87.90B
  2023-12-31 |  93.02B
  2024-12-31 |  95.33B
  2025-12-31 |  98.72B

               |                         |                         |                         |                         |
               0.00B                    24.68B                    49.36B                    74.04B                    98.72B

Buffet

Using alias: incomea -> netIncome [annual] [income]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           20/20 dates (100%)
  ✅ shortLongTermDebtTotal              20/20 dates (100%)
  ✅ totalShareholderEquity              20/20 dates (100%)

Plot for PLD (in B)
  reports: annualReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -53.95B                   -26.98B                    0.00B                    26.98B                    53.95B
               |                         |                         |                         |                         |

  2006-12-31 |                                                     |  3.44B
  2007-12-31 |                                                     |  3.49B
  2008-12-31 |                                                    |  3.99B
  2009-12-31 |                                                    |  3.21B
  2010-12-31 |                                                     |  6.51B
  2011-12-31 |                                                    |  13.66B
  2012-12-31 |                                                    |  13.07B
  2013-12-31 |                                                     |  13.71B
  2014-12-31 |                                                     |  13.98B
  2015-12-31 |                                                     |  14.67B
  2016-12-31 |                                                     |  14.99B
  2017-12-31 |                                                     |  15.63B
  2018-12-31 |                                                     |  22.30B
  2019-12-31 |                                                     |  22.65B
  2020-12-31 |                                                     |  31.97B
  2021-12-31 |                                                     |  33.43B
  2022-12-31 |                                                     |  53.24B
  2023-12-31 |                                                     |  53.18B
  2024-12-31 |                                                     | 53.95B
  2025-12-31 |                                                     |  53.19B

               |                         |                         |                         |                         |
               -53.95B                   -26.98B                    0.00B                    26.98B                    53.95B

Revenue-q

Using alias: revenue -> totalRevenue [quarterly] [income]
Using alias: profit -> grossProfit [quarterly] [income]
Using alias: income -> netIncome [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        25/25 dates (100%)
  ✅ grossProfit                         25/25 dates (100%)
  ✅ netIncome                           25/25 dates (100%)

Plot for PLD (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               0.00B                     0.61B                     1.23B                     1.84B                     2.45B
               |                         |                         |                         |                         |

  2019-12-31 |  0.83B
  2020-03-31 |  0.98B
  2020-06-30 |  1.27B
  2020-09-30 |  1.08B
  2020-12-31 |  1.11B
  2021-03-31 |  1.15B
  2021-06-30 |  1.15B
  2021-09-30 |  1.18B
  2021-12-31 |  1.28B
  2022-03-31 |  1.22B
  2022-06-30 |  1.25B
  2022-09-30 |  1.75B
  2022-12-31 |  1.75B
  2023-03-31 |  1.77B
  2023-06-30 |  2.45B
  2023-09-30 |  1.91B
  2023-12-31 |  1.89B
  2024-03-31 |  1.96B
  2024-06-30 |  2.01B
  2024-09-30 |  2.04B
  2024-12-31 |  2.20B
  2025-03-31 |  2.14B
  2025-06-30 |  2.18B
  2025-09-30 |  2.21B
  2025-12-31 |  2.25B

               |                         |                         |                         |                         |
               0.00B                     0.61B                     1.23B                     1.84B                     2.45B

Costs-q

Using alias: rnd -> researchAndDevelopment [quarterly] [income]
Using alias: sga -> sellingGeneralAndAdministrative [quarterly] [income]
Using alias: cogs -> costofGoodsAndServicesSold [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ⚠️  SPARSE researchAndDevelopment              0/25 dates (0%)
  ✅ sellingGeneralAndAdministrative     25/25 dates (100%)
  ✅ costofGoodsAndServicesSold          25/25 dates (100%)

Plot for PLD (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00B                     0.31B                     0.62B                     0.94B                     1.25B
               |                         |                         |                         |                         |

  2019-12-31 |  0.23B ⊗
  2020-03-31 |  0.27B ⊗
  2020-06-30 |  0.31B ⊗
  2020-09-30 |  0.29B ⊗
  2020-12-31 |  0.29B ⊗
  2021-03-31 |  0.33B ⊗
  2021-06-30 |  0.29B ⊗
  2021-09-30 |  0.31B ⊗
  2021-12-31 |  0.32B ⊗
  2022-03-31 |  0.33B ⊗
  2022-06-30 |  0.33B ⊗
  2022-09-30 |  0.42B ⊗
  2022-12-31 |  0.44B ⊗
  2023-03-31 |  0.48B ⊗
  2023-06-30 |  0.54B ⊗
  2023-09-30 |  0.50B ⊗
  2023-12-31 |  0.49B ⊗
  2024-03-31 |  0.53B ⊗
  2024-06-30 |  0.52B ⊗
  2024-09-30 |  0.49B ⊗
  2024-12-31 |  0.52B ⊗
  2025-03-31 |  0.55B ⊗
  2025-06-30 |  0.55B ⊗
  2025-09-30 |  1.20B ⊗
  2025-12-31 |  1.25B ⊗

               |                         |                         |                         |                         |
               0.00B                     0.31B                     0.62B                     0.94B                     1.25B

Cash-q

Using alias: cash -> cashAndShortTermInvestments [quarterly] [balance]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ cashAndShortTermInvestments         25/25 dates (100%)
  ✅ shortLongTermDebtTotal              25/25 dates (100%)
  ✅ operatingCashflow                   25/25 dates (100%)

Plot for PLD (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               0.00B                     8.83B                    17.65B                    26.48B                    35.30B
               |                         |                         |                         |                         |

  2019-12-31 |  12.38B
  2020-03-31 |  16.17B
  2020-06-30 |  16.16B
  2020-09-30 |  16.97B
  2020-12-31 |  17.34B
  2021-03-31 |  16.56B
  2021-06-30 |  17.03B
  2021-09-30 |  17.24B
  2021-12-31 |  18.21B
  2022-03-31 |  19.16B
  2022-06-30 |  18.65B
  2022-09-30 |  18.66B
  2022-12-31 |  24.51B
  2023-03-31 |  25.37B
  2023-06-30 |  28.76B
  2023-09-30 |  27.79B
  2023-12-31 |  29.60B
  2024-03-31 |  29.56B
  2024-06-30 |  29.90B
  2024-09-30 |  32.29B
  2024-12-31 |  31.49B
  2025-03-31 |  32.26B
  2025-06-30 |  34.67B
  2025-09-30 |  35.30B
  2025-12-31 |  35.04B

               |                         |                         |                         |                         |
               0.00B                     8.83B                    17.65B                    26.48B                    35.30B

FCF-q

Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]
Using alias: capex -> capitalExpenditures [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   25/25 dates (100%)
  ✅ capitalExpenditures                 25/25 dates (100%)

Plot for PLD (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               0.00B                     1.58B                     3.16B                     4.73B                     6.31B
               |                         |                         |                         |                         |

  2019-12-31 |  0.62B
  2020-03-31 |  0.68B
  2020-06-30 |  0.68B
  2020-09-30 |  0.98B
  2020-12-31 |  0.96B
  2021-03-31 |  0.82B
  2021-06-30 |  0.65B
  2021-09-30 |  0.81B
  2021-12-31 |  0.72B
  2022-03-31 |  0.84B
  2022-06-30 |  0.80B
  2022-09-30 |  1.20B
  2022-12-31 |  1.28B
  2023-03-31 |  1.11B
  2023-06-30 |  4.17B
  2023-09-30 |  6.31B
  2023-12-31 |  1.07B
  2024-03-31 |  1.06B
  2024-06-30 |  1.09B
  2024-09-30 |  1.43B
  2024-12-31 |  5.92B
  2025-03-31 |  1.59B
  2025-06-30 |  2.59B
  2025-09-30 |  3.42B
  2025-12-31 |  4.91B

               |                         |                         |                         |                         |
               0.00B                     1.58B                     3.16B                     4.73B                     6.31B

Assets-q

Using alias: assets -> totalAssets [quarterly] [balance]
Using alias: liabil -> totalLiabilities [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         25/25 dates (100%)
  ✅ totalLiabilities                    25/25 dates (100%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for PLD (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               0.00B                    24.68B                    49.36B                    74.04B                    98.72B
               |                         |                         |                         |                         |

  2019-12-31 |  40.03B
  2020-03-31 |  55.01B
  2020-06-30 |  55.22B
  2020-09-30 |  55.76B
  2020-12-31 |  56.07B
  2021-03-31 |  55.73B
  2021-06-30 |  56.44B
  2021-09-30 |  57.02B
  2021-12-31 |  58.49B
  2022-03-31 |  59.78B
  2022-06-30 |  59.76B
  2022-09-30 |  60.95B
  2022-12-31 |  87.90B
  2023-03-31 |  88.52B
  2023-06-30 |  92.39B
  2023-09-30 |  91.95B
  2023-12-31 |  93.02B
  2024-03-31 |  93.31B
  2024-06-30 |  93.54B
  2024-09-30 |  95.91B
  2024-12-31 |  95.33B
  2025-03-31 |  95.99B
  2025-06-30 |  97.72B
  2025-09-30 |  98.34B
  2025-12-31 |  98.72B

               |                         |                         |                         |                         |
               0.00B                    24.68B                    49.36B                    74.04B                    98.72B

Buffet-q

Using alias: income -> netIncome [quarterly] [income]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           25/25 dates (100%)
  ✅ shortLongTermDebtTotal              25/25 dates (100%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for PLD (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               0.00B                    13.49B                    26.98B                    40.46B                    53.95B
               |                         |                         |                         |                         |

  2019-12-31 |  22.65B
  2020-03-31 |  32.26B
  2020-06-30 |  32.24B
  2020-09-30 |  32.10B
  2020-12-31 |  31.97B
  2021-03-31 |  32.01B
  2021-06-30 |  32.11B
  2021-09-30 |  32.51B
  2021-12-31 |  33.43B
  2022-03-31 |  34.17B
  2022-06-30 |  34.58B
  2022-09-30 |  35.29B
  2022-12-31 |  53.24B
  2023-03-31 |  52.84B
  2023-06-30 |  53.47B
  2023-09-30 |  53.64B
  2023-12-31 |  53.18B
  2024-03-31 |  53.19B
  2024-06-30 |  53.35B
  2024-09-30 |  53.07B
  2024-12-31 |  53.95B
  2025-03-31 |  53.47B
  2025-06-30 |  52.73B
  2025-09-30 |  52.64B
  2025-12-31 |  53.19B

               |                         |                         |                         |                         |
               0.00B                    13.49B                    26.98B                    40.46B                    53.95B

Price History

Volume

Advanced Chart