Prologis, Inc. PLD
Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2026, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.3 billion square feet (121 million square meters) in 20 countries. Prologis leases modern logistics facilities to a diverse base of approximately 6,500 customers principally across two major categories: business-to-business and retail/online fulfillment.
Snapshot
Reported FFO / AFFO / leverage are from the Q1 2026 earnings release (filed 2026-04-16) — 8-K, EX-99.1.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
Dividends
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-06-16 | 2026-06-16 | 2026-06-30 | 2026-04-28 | $1.07 | Quarterly |
| 2026-03-17 | 2026-03-17 | 2026-03-31 | 2026-02-12 | $1.07 | Quarterly |
| 2025-12-16 | 2025-12-16 | 2025-12-31 | 2025-12-03 | $1.01 | Quarterly |
| 2025-09-16 | 2025-09-16 | 2025-09-30 | 2025-08-29 | $1.01 | Quarterly |
| 2025-06-17 | 2025-06-17 | 2025-06-30 | 2025-05-08 | $1.01 | Quarterly |
| 2025-03-18 | 2025-03-18 | 2025-03-31 | 2025-02-20 | $1.01 | Quarterly |
| 2024-12-16 | 2024-12-16 | 2024-12-31 | 2024-12-04 | $0.96 | Quarterly |
| 2024-09-16 | 2024-09-16 | 2024-09-30 | 2024-09-03 | $0.96 | Quarterly |
| 2024-06-17 | 2024-06-17 | 2024-06-28 | 2024-05-09 | $0.96 | Quarterly |
| 2024-03-15 | 2024-03-18 | 2024-03-29 | 2024-02-22 | $0.96 | Quarterly |
| 2023-12-15 | 2023-12-18 | 2023-12-29 | 2023-12-07 | $0.87 | Quarterly |
| 2023-09-15 | 2023-09-18 | 2023-09-29 | 2023-09-06 | $0.87 | Quarterly |
| 2023-06-15 | 2023-06-16 | 2023-06-30 | 2023-05-04 | $0.87 | Quarterly |
| 2023-03-16 | 2023-03-17 | 2023-03-31 | 2023-02-23 | $0.87 | Quarterly |
| 2022-12-16 | 2022-12-19 | 2022-12-30 | 2022-12-07 | $0.79 | Quarterly |
| 2022-09-14 | 2022-09-15 | 2022-09-30 | 2022-09-01 | $0.79 | Quarterly |
| 2022-06-15 | 2022-06-16 | 2022-06-30 | 2022-05-04 | $0.79 | Quarterly |
| 2022-03-17 | 2022-03-18 | 2022-03-31 | 2022-02-24 | $0.79 | Quarterly |
| 2021-12-13 | 2021-12-14 | 2021-12-31 | 2021-12-01 | $0.63 | Quarterly |
| 2021-09-16 | 2021-09-17 | 2021-09-30 | 2021-09-07 | $0.63 | Quarterly |
| 2021-06-15 | 2021-06-16 | 2021-06-30 | 2021-04-29 | $0.63 | Quarterly |
| 2021-03-18 | 2021-03-19 | 2021-03-31 | 2021-02-25 | $0.63 | Quarterly |
| 2020-12-17 | 2020-12-18 | 2020-12-31 | 2020-12-08 | $0.58 | Quarterly |
| 2020-09-16 | 2020-09-17 | 2020-09-30 | 2020-09-04 | $0.58 | Quarterly |
Coverage (payout of operating cash flow): 81.87%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $8.79B | $3.41B | $2.63B | $7.20B | $5.01B |
| 2024 | $8.20B | $3.73B | $2.58B | $7.53B | $4.91B |
| 2023 | $8.02B | $3.06B | $2.48B | $6.57B | $5.37B |
| 2022 | $5.97B | $3.36B | $1.81B | $5.80B | $4.13B |
| 2021 | $4.76B | $2.94B | $1.58B | $5.15B | $3.00B |
| 2020 | $4.44B | $1.48B | $1.56B | $3.61B | $2.94B |
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.