Prologis Inc


Market Cap$123.42B

Compare Prologis

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Prologis IncPrologis Inc40.42.58%6%16.60.5
marketMarket Avg49.61.28%30%6.11.1
FinanceFinance Avg11.51.93%13%2.81.5

Earnings Call Q4 2023

January 17, 2024 - AI Summary

Prologis reported strong Q4 2023 earnings, with nearly 11% earnings growth and a 10.3% 12-year earnings CAGR since the merger.
The company expects the supply cliff to converge with normalized demand later in 2024, leading to an environment conducive to strong market rent growth.
Market occupancy declined by approximately 100 basis points, but Prologis' portfolio gained 10 basis points to end the year at 97.6%.
Net effective rent change over the quarter was 74%, bringing the full year to a record of 77%.
Prologis forecasts average occupancy to range between 96.5% and 97.5% and net effective same-store growth to range from 7% to 8%.
The company anticipates development starts to range between $3 billion and $3.5 billion, with an estimated build-to-suit mix of 40%.

Current Fair Value

1% upside

Undervalued by 1% based on the discounted cash flow analysis.

Share Statistics

Market cap$123.42 Billion
Enterprise Value$151.89 Billion
Dividend Yield$3.4452 (2.58%)
Earnings per Share$3.21
Outstanding Shares924,881,000
Avg 30 Day Volume3,370,665


Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio40.42
Price to Sales16.57
Price to Book Ratio2.33
Enterprise Value to Revenue18.93
Enterprise Value to EBIT42.75
Enterprise Value to Net Income49
Total Debt to Enterprise0.19
Debt to Equity0.55

Revenue Sources

No data

ESG Score

No data

About Prologis Inc

CEO: Hamid Moghadam