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

127.93 0.62 −0.48%
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) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Prologis, Inc. (PLD) trades at a EV/EBITDA of 21.2×. Over the past ten years it has ranged from 13.2× (December 2018) to 35.7× (December 2021); the current reading is higher than 21% of that period. That is above the Reit Industrial industry median of 19.8× and above the Real Estate sector median of 15.5×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 23.9× 20.57%
FY2024 19.8× (26.71%)
FY2023 27.0× 21.46%
FY2022 22.3× (26.98%)
FY2021 30.5× 22.27%
FY2020 24.9× 8.20%
FY2019 23.0× 35.00%
FY2018 17.1× 9.51%
FY2017 15.6× (38.16%)
FY2016 25.2× (8.18%)

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 21.4× (5.04%)
Jun 2026 22.5× (2.43%)
Mar 2026 23.1× (3.51%)
Dec 2025 23.9× 4.54%
43 more quarters

Against its own ten years

Low 13.2× High 35.7×
Ten-year median 24.8×
Current reading's percentile 21

EV/EBITDA against peers

Company EV/EBITDA
LINE Lineage, Inc. compare 13.8×
REXR Rexford Industrial Realty, Inc. compare 15.7×
FR First Industrial Realty Trust, Inc. compare 18.2×
CUBE CubeSmart compare 19.3×
EXR Extra Space Storage Inc compare 20.6×
PLD Prologis, Inc. 21.2×
PSA Public Storage compare 22.3×
EGP EastGroup Properties, Inc. compare 22.6×
TRNO Terreno Realty Corporation compare 26.4×
Reit Industrial industry median 19.8×
Real Estate sector median 15.5×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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