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. In the quarter to September 2026, revenue grew 7.84%, EPS grew 85.3%, free cash flow fell 18.3% and total debt rose 4.33%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for ten.

125.75 1.19 −0.94%
Market cap
$123.0B
P/E
27.9×
Fwd P/E
41.4×
Dividend yield
3.36%
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 16 October 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 18.7× and above the Real Estate sector median of 15.2×.

EV/EBITDA, daily

Embed this chart

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 21.7× (3.33%)
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 12.6×
REXR Rexford Industrial Realty, Inc. compare 16.7×
CUBE CubeSmart compare 17.4×
PSA Public Storage compare 18.5×
FR First Industrial Realty Trust, Inc. compare 19.5×
EXR Extra Space Storage Inc compare 19.7×
PLD Prologis, Inc. 21.2×
EGP EastGroup Properties, Inc. compare 22.9×
TRNO Terreno Realty Corporation compare 25.3×
Reit Industrial industry median 18.7×
Real Estate sector median 15.2×
Market median 11.0×

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 →

More on PLD