Prologis PLD
Prologis is the world's largest owner and operator of logistics warehouses and industrial facilities, generating rental income from its properties leased to logistics, e-commerce, and manufacturing companies. Prologis combines strong growth (revenue +12.3%, earnings +85.3%) with a leveraged balance sheet (Net Debt/EBITDA 5.24) and a demanding valuation (EV/EBITDA 24.33), making it vulnerable to the rise in interest rates, although its leadership in logistics warehouses and its 75.55% gross margin support its quality.
Detailed metrics
Market and fundamental data as of the analysis date.
Full AI report
Generated automatically from the metrics, the macro context and the company's news.
Prologis is the world's largest owner and operator of logistics warehouses and industrial facilities, generating rental income from its properties leased to logistics, e-commerce, and manufacturing companies. Prologis combines strong growth (revenue +12.3%, earnings +85.3%) with a leveraged balance sheet (Net Debt/EBITDA 5.24) and a demanding valuation (EV/EBITDA 24.33), making it vulnerable to the rise in interest rates, although its leadership in logistics warehouses and its 75.55% gross margin support its quality.
Score by category
| Category | Score |
|---|---|
| Financial health | 6.1 |
| Quality / Moat | 5.7 |
| Valuation | 4.1 |
| Growth | 8.2 |
| Dividend | 5.0 |
| Momentum | 7.5 |
| Risk & Context | 4.3 |
OVERALL SCORE: 5.4/10
Context and risks
The sharp rise in 10-year rates (5.17%) is a direct headwind for Prologis: its Net Debt/EBITDA of 5.24 is high and its valuation (EV/EBITDA 24.33) is long-duration, making refinancing more expensive and reducing the present value of its cash flows. Interest rate risk is the main macro factor affecting this REIT.
News considered in the analysis
- Seattle tower across from Amazon sold for $12.5M after a $97M deal in 2019. Where smart real estate money is going now — Noticia inmobiliaria genérica sobre una torre de oficinas en Seattle, sin relación directa con el negocio de almacenes logísticos de Prologis.
- Prologis (PLD) Draws Fresh Fund Interest, Is The Stock Fully Valued? — Artículo de análisis de valoración sin información nueva; no aporta hechos materiales.
- Realty Income vs. Prologis: Which REIT Has the Winning Edge? — Comparativa genérica entre dos REITs, sin datos específicos que afecten a Prologis.
- Prologis (PLD) Falls More Steeply Than Broader Market: What Investors Need to Know — Caída de la acción mayor que el mercado, probablemente ligada al repunte de los tipos de interés que presiona a los REITs; el efecto ya está parcialmente en el precio.
- What Makes Prologis (PLD) a Strong Investment? — Artículo promocional o de análisis sin información nueva.
Verdict: Hold; operational strength and growth offset interest rate pressure, but debt and valuation warrant caution until financing costs stabilize.
Main risk: The main risk is financial leverage (Net Debt/EBITDA 5.24) combined with the rise in 10-year interest rates, which makes refinancing more expensive and compresses the valuation of a long-duration REIT.
Other Real Estate companies
Neighbours in the sector ranking, to compare without going back to the index.
See all 1,000+ companies in the index →