Prologis Inc

Prologis Inc

PLD

Market Cap$111.93B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Prologis IncPrologis Inc36.33.18%6%15.20.6

Earnings Call Q4 2024

January 21, 2025 - AI Summary

Record Leasing Activity: Prologis achieved a company record with over 60 million square feet of leases signed in Q4 2024, reflecting a resurgence in demand post-U.S. elections. This resulted in a core Funds From Operations (FFO) growth of 8.4% year-over-year (YoY), supporting the company’s competitive position in the market.
Market Outlook and Rent Growth: The company forecasts that market vacancy rates are expected to decline, leading to a recovery in net absorption and an eventual inflection in rents by the end of 2025. Notably, replacement costs are currently estimated to be 50% higher than in-place rents, indicating significant growth potential as demand recovers.
Guidance for 2025: Prologis provided guidance for average occupancy in the range of 94.5% to 95.5%, expecting a temporary dip attributable to seasonal factors but planning for a recovery towards 96% by year's end. Net effective same-store growth is forecasted between 3.5% to 4.5%, reflecting rent pressures but still indicating strength relative to market competitors.

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$124.50

Target Price by Analysts

2.4% upsidePrologis Target Price DetailsTarget Price
$155.02

Current Fair Value

27.5% upside

Undervalued by 27.5% based on the discounted cash flow analysis.

Share Statistics

Market cap$111.93 Billion
Enterprise Value$143.44 Billion
Dividend Yield$3.84 (3.17749275961936%)
Earnings per Share$3.3
Beta1.09
Outstanding Shares926,427,000

Return

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

Valuation & Multiples

P/E Ratio36.31
PEG105.17
Price to Sales15.2
Price to Book Ratio1.96
Enterprise Value to Revenue17.99
Enterprise Value to EBIT49.87
Enterprise Value to Net Income46
Total Debt to Enterprise0.23
Debt to Equity0.61

Revenue Sources

No data

Insider Trades

ESG Score

No data

About Prologis Inc

CEO: Hamid Moghadam