PLD

Prologis, Inc.

Real Estate · $123.8B market cap

Verdict

Share price

$128.91

close of Oct 3, 2026

Fair value

$77.61

Sticker Price

Payback Price

$31.04

buy price

Overpriced

PLD is Overpriced: at $128.91 it trades 66% above its fair value of $77.61. Its buy price (Payback Price) is $31.04, 76% below today's price. Business quality is solid: 3 of 5 key numbers clear the 10% bar.

How we valued it

FFO-Based (REIT). A real estate trust. Depreciation makes a property owner's profit look smaller than the cash it brings in, so we value it on funds from operations (FFO).

Business quality

3 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth17.6% a year✓
Equity per share growth5.3% a year✗
Sales growth14.7% a year✓
Free cash flow growth22.6% a year✓
Return on invested capital4.0%✗

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Superinvestors

2 of the investors we track hold PLD. In Q2 2026, 1 trimmed. Who we track

Moves in Q2 2026

Trimmed: Third Avenue Management

Insider activity

Since Jun 15, 2026: no open-market purchases, 2 sales worth $8.0M and 22 other filings (stock awards, tax withholding and similar). Why purchases matter

Sales

Other filings

About Prologis, Inc.

Prologis, Inc. don't just lead the industry, they define it. The firm creates the intelligent infrastructure that powers global commerce, seamlessly connecting the digital and physical worlds. From agile supply chains to clean energy solutions, their ecosystems help your business move faster, operate smarter and grow sustainably. With unmatched scale, innovation and expertise, Prologis is a category of one–not just…

REIT - Industrial

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works