Prologis, Inc.

PLD Real Estate Reit Industrial

Prologis, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $8.8 billion, up 7.18% from fiscal 2024.

Revenue
+7.84%
EPS
+4.88%
Free cash flow
−37.9%
Total debt
+4.33%

Quarter to September 2026, against a year earlier

128.13 0.42 −0.33%
Market cap
$124.6B
P/E
28.3×
Fwd P/E
34.1×
Dividend yield
3.28%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Prologis, Inc. (PLD) Debt to equity

Alert me on Debt to equity

Prologis, Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 0.6×, up 0.0× from fiscal 2025 (0.6×). Over the past ten years it has ranged from 0.4× (fiscal 2022) to 0.6× (fiscal 2015); the current reading is higher than 91% of that period. That is below the Reit Industrial industry median of 0.8× and below the Real Estate sector median of 0.7×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.6× 15.17%
FY2024 0.5× 5.04%
FY2023 0.5× 21.55%
FY2022 0.4× (12.10%)
FY2021 0.5× 1.21%
FY2020 0.5× 1.55%
FY2019 0.5× 6.26%
FY2018 0.4× (14.59%)
FY2017 0.5× (12.44%)
FY2016 0.6× (8.95%)

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.6× (2.65%)
Jun 2026 0.6× 4.80%
Mar 2026 0.6× (1.38%)
Dec 2025 0.6× (1.69%)
43 more quarters

Against its own ten years

Low 0.4× High 0.6×
Ten-year median 0.5×
Current reading's percentile 91

Debt to equity against peers

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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