PLD - NYSE
Prologis, Inc.
$143.82
+2.4%Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2020, 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 984 million square feet (91 million square meters) in 19 countries. Prologis leases modern logistics facilities to a diverse base of approximately 5,500 customers principally across two major categories: business-to-business and retail/online fulfillment.
At a Glance
Live SnapshotPrologis, Inc. Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.
FCF Growth Trend
Flat FCF growth. Stable but not expanding—monitor for signs of business maturity or temporary headwinds.
Working Capital Impact
Neutral working capital impact. Changes in current assets and liabilities balanced out.
Cash Flow Quality Insight
Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.
Prologis, Inc. Cash Flow Statement
PLD • NYSE
| Prologis, Inc. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||||||||||
3.4B | 3.9B | 3.1B | 3.6B | 3.1B | 1.6B | 1.7B | 1.8B | 1.8B | 1.3B | 925.5M | 739.3M | 234.9M | -73.5M | -157.9M | 33.6M | -28M | -49.3M | 316.4M | 183.6M | |
2.6B | 2.6B | 2.5B | 1.8B | 1.6B | 1.6B | 1.1B | 947.2M | 879.1M | 931M | 880.4M | 642.5M | 664M | 767.5M | 603.9M | 180.3M | 169.4M | 158.6M | 163.7M | 180M | |
4.3M | 21.2M | 17.7M | 12.6M | 1.3M | 744K | 12.2M | 1.4M | -5M | -5.5M | -5.1M | -87.2M | -20.1M | -22M | -19.8M | 0.0 | 0.0 | 108.6M | 0.0 | 0.0 | |
185.5M | 231.7M | 267.6M | 175.4M | 113M | 109.8M | 97.6M | 76.1M | 76.6M | 60.3M | 53.7M | 57.5M | 49.2M | 32.1M | 28.9M | 23.9M | 23M | 21.5M | 0.0 | 0.0 | |
-1.2B | -1.7B | -526.5M | -1.4B | -1.7B | -333.3M | -706.1M | -961.4M | -1.1B | -796.3M | -780.3M | -583.5M | -350.1M | -56.3M | -61M | 6.2M | 84.6M | 41.6M | -184.4M | -48M | |
0.0 | -126.5M | 70.1M | -26.2M | -165.9M | -18.8M | 18.6M | -82.7M | 42.8M | -65M | -110.8M | -64M | -93M | -184.3M | -187M | 8.7M | -6.8M | 20M | -55.2M | 20.2M | |
5B | 4.9B | 5.4B | 4.1B | 3B | 2.9B | 2.3B | 1.8B | 1.7B | 1.4B | 963.4M | 704.5M | 485M | 463.5M | 207.1M | 252.8M | 242.3M | 301M | 240.5M | 335.9M | |
INVESTING ACTIVITIES | ||||||||||||||||||||
(0.0) | (0.0) | (0.0) | -550.6M | -499M | -1.2B | -322.3M | -915.7M | -110.6M | -101.7M | -83.4M | -78.6M | -82.6M | -80.6M | -1.1B | -272.9M | -402.3M | -1.2B | -1.4B | -1.5B | |
(0.0) | (71.4M) | (64.1M) | -365.4M | -739.8M | -1.8B | (113.3M) | (199.9M) | -415.2M | (510.6M) | -304.4M | -1.1B | -1.5B | -238.5M | -1B | (0.0) | (4.2M) | -77.2M | (0.0) | (0.0) | |
-176.7M | -3M | -2.2M | -3.5M | -16.5M | -9M | -30.4M | -11.7M | -5.1M | (101.7M) | -981K | (0.0) | (0.0) | (0.0) | -92.8M | -413.5M | -16.4M | -52.3M | -54.3M | -19M | |
4.9M | 16M | 37.1M | 59.3M | 3.3M | 2.4M | 23.6M | 29.4M | 7.5M | 79.8M | 129.1M | 0.0 | 0.0 | 0.0 | 170.2M | 106.7M | 482.5M | 421.6M | 0.0 | 0.0 | |
-3.5B | -3.2B | -6.5B | -3.6B | -738M | 4.3M | -469.6M | 34.3M | 1.1B | 661.7M | -4.5B | 676M | 3.9B | 848.7M | 1.8B | -7M | 7.1M | 42.4M | 780M | 624.3M | |
-3.6B | -3.1B | -6.4B | -4.5B | -2B | -3.1B | -685.4M | -663.8M | (543.3M) | (1.3B) | -4.8B | -488.3M | (2.3B) | (529.6M) | -233.1M | -586.6M | (75.1M) | -881.8M | -632.2M | -880.6M | |
FINANCING ACTIVITIES | ||||||||||||||||||||
0.0 | -30.5M | -24.5M | -27.7M | 743K | -32.6M | 6.1M | 6.9M | 19.7M | 39.5M | 90.3M | 350.6M | 1.5B | 31M | 1.2B | 1.2B | 552.3M | -87.7M | 418.7M | 55.5M | |
0.0 | 2.9B | 4.9B | 3B | 1.4B | 1B | 802.7M | 59M | -875.8M | -898.3M | 2.2B | -143.2M | -2.5B | -408.4M | -608.4M | -1.7B | -699.2M | 950M | 395.8M | 644.9M | |
-3.8B | -3.6B | -3.2B | -2.5B | -1.9B | -1.7B | -1.3B | -1.1B | -942.9M | -893.5M | -804.7M | -672.2M | -573.9M | -567.8M | -414.1M | -306.1M | -143.2M | -286.5M | -349.5M | -174.3M | |
(0.0) | -30.5M | -24.5M | -27.7M | (0.0) | -34.8M | (0.0) | (0.0) | -13.2M | (0.0) | (0.0) | -27.6M | -482.5M | (0.0) | (0.0) | (0.0) | (0.0) | -87.7M | -156.7M | -98.1M | |
2.2B | -255.2M | -342.4M | -391.4M | -497.1M | 359.4M | -302.7M | -174.7M | -807.5M | -373.2M | 2.1B | 127M | -298.2M | -126.3M | 29.3M | -78.2M | -33.2M | 6M | 58.3M | 7.4M | |
-1.6B | -1,000M | 1.3B | 115.8M | -1B | -372.2M | -839.6M | -1.2B | -2.6B | -2.1B | 3.6B | -337.8M | -2.4B | -1.1B | 163.3M | -969.8M | -298.4M | 581.8M | 420M | 483.6M | |
CASH FLOW SUMMARY | ||||||||||||||||||||
12.7M | -25M | -22M | -20.8M | -39.6M | 18.7M | 5.9M | -10.9M | 15.8M | -342K | -9.6M | -18.8M | -63M | 3.1M | 1.1M | -1M | -65.6M | 2.7M | 17.1M | 3M | |
-172.9M | 788.2M | 251.9M | -277.6M | -42M | -490.8M | 745M | -103.2M | -360.3M | 543.2M | -86.6M | -140.4M | 390.3M | -75.3M | 138.4M | 3.3M | -36.8M | 3.7M | 45.5M | -58.1M | |
1.3B | 530.4M | 278.5M | 556.1M | 598.1M | 1.1B | 343.9M | 447M | 807.3M | 264.1M | 350.7M | 491.1M | 100.8M | 176.1M | 37.6M | 34.4M | 223.9M | 220.2M | 174.8M | 232.9M | |
1.1B | 1.3B | 530.4M | 278.5M | 556.1M | 598.1M | 1.1B | 343.9M | 447M | 807.3M | 264.1M | 350.7M | 491.1M | 100.8M | 176.1M | 37.6M | 187.2M | 223.9M | 220.2M | 174.8M | |
5B | 4.9B | 5.4B | 3.6B | 2.5B | 1.7B | 1.9B | 887.9M | 1.6B | 1.3B | 880.1M | 625.9M | 402.4M | 382.9M | -874.4M | -20.2M | -160.1M | -915.4M | -1.1B | -1.2B |
SEC Filings
PLD - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | April 30, 2026 | April 28, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | April 30, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 27, 2026 | April 20, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 23, 2026 | April 20, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 16, 2026 | April 16, 2026 | 2026 | |
8-K/A 8-K/A 2025 (Amended) N/A | April 01, 2026 | September 18, 2025 | 2025 | |
8-K 8-K 2026 N/A | March 31, 2026 | March 26, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | March 19, 2026 | April 28, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 13, 2026 | December 31, 2025 | 2025 | |
8-K/A 8-K/A 2025 (Amended) N/A | January 22, 2026 | February 19, 2025 | 2025 |
Related Guides
Continue your PLD research with focused valuation guides.
Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.