PrologisPLDRevenue: is the business selling more than it used to?
$8.8B+7% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Revenue reached $8.8B in 2025, compounding +14% a year since 2022 though the pace has cooled. The last twelve months (+7%) ran below that pace, so growth is slowing.
Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31
PrologisPLDNet income: how much of that revenue becomes profit?
$3.3B−11% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Net income was $3.3B in 2025, compounding -0% a year over three years. Trailing twelve-month profit stands at $3.8B.
Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31
PrologisPLDHow fast is it growing, year by year?
+7.2%revenue growth, FY 2025
→Revenue grew +7% in 2025 against a five-year average of +15%. Earnings went the other way (-11%) even as sales grew, so margins compressed: costs rose faster than revenue.
Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31
PrologisPLDRevenue per share: is your slice growing as fast as the company?
$9.19revenue per share, FY 2025
◌ 2026 = trailing twelve months to the latest filed quarter (2026-03-31), not a full fiscal year
→Revenue per share reached $9.19 in 2025, compounding +8% a year against +14% for PLD as a whole. Dilution absorbed about 6.1 points of that growth.
Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31
PrologisPLDMargins: of every $1 of sales, how much survives each cost layer?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-03-31), not a full fiscal year
→Operating margin compressed 8 points to 50% since 2022. After everything, 38 cents of each sales dollar reaches net profit. PLD doesn't tag a gross-profit line in its filings, so the chart starts at operating margin.
Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31
PrologisPLDWhat does it earn on the money it uses?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-03-31), not a full fiscal year
→PLD earns 7% on shareholders' capital. Return on capital employed isn't meaningful for this business model, so ROE carries the picture alone.
Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31
PrologisPLDWhat has the market paid for PLD over time?
34.6xP/E today
◌ 2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages
→At 34.6x earnings, the market is paying +23% more than PLD's own 10-year median of 28.1x. Expectations are elevated, so more has to go right to justify the price.
Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31
PrologisPLDCould it handle its debt if things went wrong?
→Debt of $34.7B sits against $861M of cash, or 0.6x shareholders' equity. Earnings cover interest 4.6 times - adequate, with less room than it looks in a downturn.
Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31
PrologisPLDIs the company's own capital growing?
→The company's own capital grew from $53.2B in 2023 to $53.5B (+1%). The business is building book value rather than consuming it.
Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31
PrologisPLDHow fast is your ownership being diluted - or concentrated?
→The share count grew 0.3% in 2025, averaging 5.9% a year over three years. Your slice of the company shrinks by that much each year unless earnings grow faster.
Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31
PrologisPLDIs the dividend cheque growing?
→The dividend per share reached $3.93 in 2025, compounding +11% a year since 2020.
Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31
PrologisPLDCan it afford the dividend?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-03-31), not a full fiscal year
→The dividend consumed 113% of profit and 75% of free cash flow in 2025. That is a thin cushion: a bad year would put the payment under real pressure.
Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31
PrologisPLDDoes PLD earn more on its capital than that capital costs?
→PLD earns 6.3% on the capital it employs, below the 10% most investors treat as the cost of capital. It was 6.3% in 2022, so the trend is flat, though the path has been bumpy.
Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31
PrologisPLDPLD has issued or retired shares - did shareholders end up better off?
→PLD issued +157% more shares from 2011 to 2025, but FFO per share still rose +583%. The dilution bought more growth than it cost existing holders.
Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31
PrologisPLDWhat does PLD really earn on its properties?
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→PLD generated $6.0B of funds from operations in 2025, growing +5% a year over three years. FFO adds back depreciation because a REIT's buildings do not really wear out the way the accounts assume. Per share that is $6.22, +583% since 2011 - the number REIT investors actually compare.
Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31
PrologisPLDAre the people running it buying or selling?
→Insiders sold $8M on the open market and bought nothing. Many sales are pre-scheduled diversification rather than a view on the price. A further 8 filings were grants, option exercises or tax withholding, which say nothing either way.
Source: SEC EDGAR (XBRL company facts) · as at 2026-03-31