Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At September 30, 2024, 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 1.2 billion square feet (116 million square meters) in 20 countries. Prologis leases modern logistics facilities to a diverse base of approximately 6,700 customers principally across two major categories: business-to-business and retail/online fulfilment.
Market Dynamics | Explore Prologis's navigation of shifting industrial real estate trends, including tenant hesitancy and space utilization changes impacting near-term operations. |
Financial Outlook | Analysts project Prologis's 2024 FFO at $5.39 per share, slightly below guidance. Learn about potential market rent fluctuations and their impact on future performance. |
Competitive Edge | Delve into Prologis's strengths as a global blue-chip company, its moat business, and its positioning in a potentially declining interest rate environment. |
Analyst Perspectives | Discover varied analyst views on Prologis, with price targets ranging from $115 to $127, reflecting the complex market conditions facing the industrial REIT sector. |
Metrics to compare | PLD | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipPLDPeersSector | |
---|---|---|---|---|
P/E Ratio | 33.4x | 2.7x | 7.5x | |
PEG Ratio | 16.30 | −0.37 | 0.01 | |
Price/Book | 2.0x | 0.7x | 0.9x | |
Price / LTM Sales | 12.7x | 6.6x | 4.0x | |
Upside (Analyst Target) | 18.6% | 167.4% | 17.4% | |
Fair Value Upside | Unlock | 10.1% | 0.7% | Unlock |