Prologis (PLD)
NYSEReal EstateReit - IndustrialSnapshot 2026-09-04
$137.34-0.73%
Close 2026-09-04 · 1-day change
NYSEReal EstateReit - IndustrialSnapshot 2026-09-04
QuarterlyIQ Insights · PLD
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within real estate on a research-validated quality screen. As of 2026-09-04.
The screen ranks PLD against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 3 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Real Estate names rated strong grew net income 57% of the time over the next year (vs 53% for the rest of the cohort, n=2778).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Continue strategic capital allocation including debt issuance, refinancing, and equity offerings to support growth and liquidity.
Stated as a priority in 4 of last 4 quarters. Management executed multiple debt issuances in 2026-Q2 totaling over $3 billion and completed a 15 million share equity offering with an additional 2.25 million shares exercised in 2026-Q3. The trajectory shows active capital allocation through debt and equity issuance, delivering on stated plans.
“On August 5, 2026, underwriters exercised option to purchase additional 2.25 million shares.”
“On June 4, 2026 the Issuer priced an offering of Notes due 2030, 2035, and 2041.”
“On April 20, 2026, the Operating Partnership priced an offering of C$850 million Notes due 2034.”
“On April 20, 2026, the Operating Partnership priced an offering of $500 million Notes due 2031 and $750 million Notes due 2036.”
Pursue strategic acquisitions and M&A to expand portfolio and market presence, including the pending combination with SEGRO plc.
Stated in 3 of last 3 quarters. Management disclosed ongoing acquisition activity with planned spend increasing from $2.0B-$3.0B in 2026-Q1 to $2.5B-$3.5B in 2026-Q2, and announced a pending combination with SEGRO plc expected in first half 2027. The trajectory shows active pursuit of strategic acquisitions and M&A.
Focus on delivering strong net earnings, core FFO, and AFFO growth to support shareholder returns.
Stated as a priority in 4 of last 4 quarters. Net earnings attributable to common stockholders increased from $762.9M in 2025-Q3 to $1,060.8M in 2026-Q2, with core FFO also rising from $1,426M to $1,559M. The trajectory shows delivering strong earnings performance consistent with management's stated focus.
Drive value creation through development starts, stabilizations, and portfolio enhancements.
Stated in 4 of last 4 quarters. Estimated value creation from development stabilizations was $169M in 2025-Q3 and $89M in 2026-Q2, with development starts planned to increase from $4.5B to $6.5B in 2026. The trajectory shows ongoing focus on development and stabilization, with some variability in quarterly value creation.
Over the trailing year it converted 1.61x of net income into operating cash flow. Historically, Real Estate names rated neutral grew net income 57% of the time over the next year (vs 46% for the rest of the cohort, n=2946).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity (low R² over the window).
28 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Real Estate names rated volatile grew net income 54% of the time over the next year (vs 51% for the rest of the cohort, n=658).
Not investment advice. As of 2026-09-04.
“Combination with SEGRO plc anticipated to complete in first half of 2027.”
“Summary of third-party acquisitions and dispositions included in capital deployment section.”
“Capital deployment includes acquisitions of $2.0 to $3.0 billion planned for 2026.”
“Net earnings attributable to common stockholders $1,060,844,000.”
“Net earnings attributable to common stockholders $980,476,000.”
“Net earnings attributable to common stockholders $1,482,215,000.”
“Net earnings attributable to common stockholders $762,897,000.”
“Estimated value creation from development stabilizations - Prologis Share $89 million.”
“Estimated value creation from development stabilizations - Prologis Share $387 million.”
“Estimated value creation from development stabilizations - Prologis Share $169 million.”
“Estimated value creation from development stabilizations - Prologis Share $169 million.”