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PLD

Prologis

NYSEReal EstateReit - IndustrialSnapshot 2026-05-08

$144.09+1.27%
Close 2026-05-08 · 1-day change
The bottom line

As of May 8, 2026, PLD has a composite score of 10.4 and is labeled as "mild favorable." The score is influenced by a medium confidence level of 74.1 and low market risk at 21.1. Key drivers include macroeconomic factors such as rates, growth, labor, and inflation. The analysis is provisional.

Composite +10as of 2026-05-08

Price

Daily closes from AlphaVantage. Earnings/event dots are placed inline.

Close 2026-05-08
Daily closes. Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event

Factor signals

Read top-to-bottom: thesis (is this a strong company over a 1–3 year hold), watch flags (has something changed worth re-reading), and position context (how violent might the path be). Each pill is a parallel diagnostic — never aggregated into a single score.

L1

Thesis

is this a strong company over a 1–3 year hold?
F1 · Recent financial performance
strong
Top 10% of real estate cohort
Why this rank
  • Direction share
    1.00
  • Slope (norm)
    0.31
  • Bonus
    0.00
Operating income, last 4 quarters ($M)
7209139401843
F2 · Value
neutral
Mid-cohort by earnings yield
Why this rank
Price
$144.09
TTM EPS
$3.14
Earnings yield
2.2%
P/E (TTM)
45.9

Trailing four: 2024-Q3, 2025-Q1, 2025-Q2, 2025-Q3

F3 · Earnings quality
fragile
Bottom 10% cash conversion in real estate cohort
Why this rank
TTM NI ($M)
3,732
TTM CFO ($M)
4,912
CFO/NI
1.32
L2

Watch

has something changed worth re-reading?
F4 · Management stability
volatile
Bottom 30% activity in real estate cohort· see deep-dive ↓
capital unfriendlyBottom 10% — net capital-unfriendly direction
Earnings setup · pre-print positioning
forward-looking
neutralEPS revised +3.9% / 30d, n=4for period ending 2026-06-30
Why this setup
Consensus revisions

EPS estimate $0.76 → $0.79 (+3.9% / 30d). 1 raised, 3 cut, 4 covering analysts.

Rating actions

0 upgrades, 0 downgrades / 30d, 8 maintained. 57% of analysts rate Buy.

Price target activity

6 PT revisions / 30d. Avg target 5.9% above current price.

Material events

1 positive, 2 negative / 30d. See F4 management tile for the event list.

F4 · Management deep-dive — recent events, stated priorities, guidance track record
2

Stated priorities

3 priorityies extracted from earnings transcripts (as of 2026-05-08).

  1. 1.Issue new debt for capital allocationcapital allocationmixed35% progress
    4/23: Prologis priced an offering of $500M and $750M in notes due 2031 and 2036.
    Why this status

    Newly stated in 2026-Q1. Prologis issued $500M and $750M in notes due 2031 and 2036, respectively, as part of its capital allocation strategy. This issuance aligns with the stated priority of issuing new debt, indicating progress in capital allocation efforts.

  2. 2.Maintain strategic capital revenue guidancegrowthbehind5% progress
    4/16: Guidance for strategic capital revenue is set between $660M and $680M.
    Why this status

    Newly stated in 2026-Q1. Prologis has set its strategic capital revenue guidance between $660M and $680M for 2026. This guidance reflects the company's focus on maintaining revenue targets, but financials do not yet show delivery against this range.

  3. 3.Achieve EPS guidance for 2026growthbehind5% progress
    4/16: EPS guidance for 2026 is set between $3.80 and $4.05.
    Why this status

    Newly stated in 2026-Q1. Prologis has set its EPS guidance for 2026 between $3.80 and $4.05. The company's financials for 2025-Q4 show a net income of $1.81B, but it remains to be seen if this trajectory will meet the EPS target for 2026.

3

Guidance track record

Insufficient guidance history for this ticker.

L3

Position context

how violent might the path be while I hold it?
Risk profile · realized
backward-looking
lowworst 12m loss −10%, typical day ±1.0%
Why this risk level

Recent vol — 30d annualized 22%; 252d 22%.

Drawdown — Max 1y −10%. Bad day move −2%.

Beta to sector ETF (XLRE) 1.17 over 1y.

Liquidity — score 100/100.

Sub-scores — vol 64/100, drawdown 81/100, beta 83/100, earnings vol .

Sector regime
headwind-3.1%sector vs S&P 500, 60d

via XLRE

Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive — historically, headwind regimes have averaged stronger forward returns than tailwind.

AI cycle regime · market-wide
2-axis classifier
HeatingManiaSquallCrisisEarnings →Mood ↑
HeatingE +0.13 · M +0.71
Single-axisCHASEz +2.97+1.285d

Context label only — describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.

Not investment advice. As of 2026-05-08.

3

What changed

The most important moves since the prior daily snapshot.

  1. No material changes since the prior snapshot.

No material changes since the prior snapshot.

as of 2026-05-08

4

Management scorecard

How management runs the business — capital, margins, balance sheet, and how reliably they guide and deliver.

Composite42.8 / 100
Capital allocation46
Earnings discipline54
Margin discipline39
Balance sheet25
Guidance credibility
Post-call reaction40
as of 2026-05-08
4

What management is focused on

Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.

  • #1

    Issue new debt for capital allocation

    Capital allocationNew since 2026-05-04

    Prologis aims to issue new debt to support its capital allocation strategy.

    BehindMixed

    Newly stated in 2026-Q1. Prologis issued $500M and $750M in notes due 2031 and 2036, respectively, as part of its capital allocation strategy. This issuance aligns with the stated priority of issuing new debt, indicating progress in capital allocation efforts.

    35%
    CEO/CFO:Prologis priced an offering of $500M and $750M in notes due 2031 and 2036.
    Multiple sourcesSource dated 2026-04-23Stated 1 of last 8 quartersFirst seen 2026-05-04
    Show history (1)
    • 2026-Q1Multiple sources

      Prologis priced an offering of $500M and $750M in notes due 2031 and 2036.

  • #2

    Maintain strategic capital revenue guidance

    GrowthNew since 2026-05-04

    Prologis aims to maintain its strategic capital revenue guidance for 2026.

    Behind

    Newly stated in 2026-Q1. Prologis has set its strategic capital revenue guidance between $660M and $680M for 2026. This guidance reflects the company's focus on maintaining revenue targets, but financials do not yet show delivery against this range.

    5%
    CEO/CFO:Guidance for strategic capital revenue is set between $660M and $680M.
    Multiple sourcesSource dated 2026-04-16Stated 1 of last 8 quartersFirst seen 2026-05-04
    Show history (1)
    • 2026-Q1Multiple sources

      Guidance for strategic capital revenue is set between $660M and $680M.

  • #3

    Achieve EPS guidance for 2026

    GrowthNew since 2026-05-04

    Prologis is focused on achieving its EPS guidance for the fiscal year 2026.

    Behind

    Newly stated in 2026-Q1. Prologis has set its EPS guidance for 2026 between $3.80 and $4.05. The company's financials for 2025-Q4 show a net income of $1.81B, but it remains to be seen if this trajectory will meet the EPS target for 2026.

    5%
    CEO/CFO:EPS guidance for 2026 is set between $3.80 and $4.05.
    Multiple sourcesSource dated 2026-04-16Stated 1 of last 8 quartersFirst seen 2026-05-04
    Show history (1)
    • 2026-Q1Multiple sources

      EPS guidance for 2026 is set between $3.80 and $4.05.

as of 2026-05-08
5

How this stock is priced

Two ways to read price: against peers in the same business, and against the company's own history.

Compared to peers
34higher = cheaper

Looks more expensive than peers.

Compared to its own history
58higher = cheaper

Around its own typical valuation.

P/E
36.6x
EV/EBITDA
26.4x
FCF yield
-4.4%

P/E over the last 5 years

71 monthly points
fullas of 2026-05-08
7

How this compares

A side-by-side read on composite, valuation, and risk versus peers.

StockCompositeValuationRisk
PLD
Prologis
+10fulllow
WELL
Welltower
+7.9expensivelow
EQIX
Equinix
+22fairmoderate
AMT
American Tower
+18fairmoderate
SPG
Simon Property Group
+9.0fulllow
8

Risk — how this stock moves

What a normal day looks like, what a bad day looks like, and the worst the last year has thrown at it.

A typical day
How much price usually moves either way.
1.0%
A bad day (95th %ile)
A rough but not unusual down day.
-1.9%
Worst 12-month loss
Deepest peak-to-trough drop in the last year.
-9.6%
Earnings-day move
How much price usually moves on earnings day.
lowas of 2026-05-08
9

What could change this view

Conditional scenarios — if X happens, the score would shift by about Y points. These are not predictions.

Upside triggers
  • If real_estate sector trend rises from +0.00 into 'improving' (>= +0.20)+5.0 pts
  • If next-quarter guidance is raised (currently NEW as of 2026-04-16)+4.0 pts
Downside triggers
  • If rates state reverses from -0.37 (negative) to +0.37 (positive)-8.0 pts
  • If next-quarter guidance is cut (currently NEW as of 2026-04-16)-8.0 pts
  • If real_estate sector trend falls from +0.00 into 'weakening' (<= -0.20)-5.0 pts
10

Material updates

Recent SEC 8-K filings ranked by likely impact, confidence, and recency.

  1. 2026-04-1623d agoItem 2.02

    Results of Operations and Financial Condition (Prologis, Inc.) and

    earnings preannouncementpositivescore 43
  2. 2026-04-2712d agoItem 8.01

    Other Events. On April 20, 2026, the Operating Partnership priced an offering of C$850,000,000 aggregate principal amount of its 4.250% Notes due 2034 (the “Notes”). In connection with the offering, the Operating Partnership entered into an Underwriting Agreement, dated April 20, 2026 (the “Underwriting Agreement”), with Scotia Capital Inc. and TD Securities Inc., as the underwriters (the “Underwriters”), pursuant to which the Operating Partnership agreed to sell and the Underwriters agreed t…

    capital allocationneutralscore 39
  3. 2026-04-2712d agoItem 2.03

    Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. Prologis, L.P. (the “Operating Partnership”) expects that it will close the issuance and sale of the Notes (defined below) on April 27, 2026. The information under

    capital allocationnegativescore 39
  4. 2026-04-2316d agoItem 2.03

    Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. Prologis, L.P. (the “Operating Partnership”) expects that it will close the issuance and sale of the Notes (defined below) on April 23, 2026. The information under

    capital allocationnegativescore 36
  5. 2026-04-2316d agoItem 8.01

    Other Events. On April 20, 2026, the Operating Partnership priced an offering of $500,000,000 aggregate principal amount of its 4.250% Notes due 2031 (the “2031 Notes”) and $750,000,000 aggregate principal amount of its 4.900% Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes, the “Notes”). In connection with the offering, the Operating Partnership entered into an Underwriting Agreement, dated April 20, 2026 (the “Underwriting Agreement”), with BofA Securities, Inc., HSBC Sec…

    capital allocationneutralscore 36
11

Score history

The composite score, snapshot by snapshot. The dotted line at zero separates leaning-positive from leaning-negative.

60 snapshots
Data freshness · As of 2026-05-08 · Macro 2026-05-08 · Sector 2026-05-07 · Fundamentals 2026-02-13 · Price 2026-05-07 · Generated 2026-05-08 · Spec 2.3

Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.