Prologis is an elite-quality industrial REIT with a Rule of 40 score of 60 and 131% free cash flow conversion, but the stock has already reached and exceeded the analyst price target with negative implied upside, making new entry unattractive at current prices near $147.
Thesis pillars
- Logistics Concentration Risk→Stable
- Elite Cash Conversion→Stable
- Earnings Beat Consistency→Stable
- +1 more pillar — see the Why tab for full reasoning
Prologis, Inc. (PLD) Stock Analysis
Range Bound setup
Real Estate · REIT - Industrial
Wait for pullback to $127.65. At $130.46 the A.R:R is 0.8:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $127.65 (support + ATR (held)) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Concentration risk — Property Type: logistics; Thin upside margin: 4.0%.
Prologis owns and manages approximately 1.3 billion square feet of logistics real estate across 20 countries, with more than 4,000 customers occupying 649 million consolidated square feet at December 31, 2025. Rental operations generate 90% to 95% of consolidated revenues —... Read more
Wait for pullback to $127.65. At $130.46 the A.R:R is 0.8:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $127.65 (support + ATR (held)) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Concentration risk — Property Type: logistics; Thin upside margin: 4.0%. Chart setup: RSI 41 mid-range, Bollinger mid-band. Earnings in 0 days. Wait until post-earnings. Score 6.3/10, moderate confidence.
Passes 4/7 gates (positive momentum, clean insider activity, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio and earnings proximity 0d<=7d. Suitability: aggressive.
Recent developments
updated 2026-10-15Recent Developments — Prologis, Inc.
Latest news
- NEWS The Manufacturers Life Insurance Company Buys 33,172 Shares of Prologis, Inc. $PLD - MarketBeat — MarketBeat neutral
- NEWS Resolution Capital Ltd Sells 736,910 Shares of Prologis, Inc. $PLD - MarketBeat — MarketBeat neutral
- NEWS Amundi Has $867.40 Million Stake in Prologis, Inc. $PLD - MarketBeat — MarketBeat neutral
- NEWS RBC Capital Sticks to Their Hold Rating for Prologis (PLD) - The Globe and Mail — The Globe and Mail neutral
- NEWS Prologis (PLD) Declares Quarterly Dividend and Raises 2026 Guida - GuruFocus — GuruFocus positive
Generated 2026-10-15T11:32:14Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- LOWTenantAmazon6.3%10-K Item 1: 'Amazon | 6.3'
- LOWCustomertop 10 customers16%10-K Item 1A: 'our top 10 customers accounted for 16.3% of our consolidated NER and 15.2% of our O&M NER'
- MEDIUMGeographicCalifornia32%10-K Item 1A: 'were located in California ... 31.9% of our consolidated operating property NOI'
- HIGHPropertylogistics10-K Item 1A: 'Our investments in real estate assets are concentrated in the logistics sector'
Material Events(8-K, last 90d)
- 2026-04-01Item 5.02LOWPrologis 8-K/A amending September 18, 2025 filing: Trisha Burns formally became Chief Accounting Officer effective April 1, 2026. Annual LTI equity target set at $400,000 for 2026. Clean appointment, no departures.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
1 floor-breaker
Priced at a premium — multiples above sector norms. Needs delivery on growth + margins to justify.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Wait for pullback to $127.65. At $130.46 the A.R:R is 0.8:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $127.65 (support + ATR (held)) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Concentration risk — Property Type: logistics; Thin upside margin: 4.0%. Chart setup: RSI 41 mid-range, Bollinger mid-band. Earnings in 0 days. Wait until post-earnings. Target $135.72 (+4.0%), stop $122.82 (−6.2%), A.R:R 0.8:1. Score 6.3/10, moderate confidence.
Take-profit target: $135.72 (+4.0% upside). Target $135.72 (+4.0%), stop $122.82 (−6.2%), A.R:R 0.8:1. Stop-loss: $122.82.
Concentration risk — Property Type: logistics; Thin upside margin: 4.0%; Sector modifier (Real Estate): -1.2.
Prologis, Inc. trades at a P/E of 29.7 (forward 39.0). TrendMatrix value score: 3.8/10. Verdict: Buy (Wait for Entry).
23 analysts cover PLD with a consensus score of 3.9/5. Average price target: $156.
What does Prologis, Inc. do?Prologis owns and manages approximately 1.3 billion square feet of logistics real estate across 20 countries, with more...
Prologis owns and manages approximately 1.3 billion square feet of logistics real estate across 20 countries, with more than 4,000 customers occupying 649 million consolidated square feet at December 31, 2025. Rental operations generate 90% to 95% of consolidated revenues — substantially all from U.S. assets — while the Strategic Capital segment manages 10 unconsolidated co-investment ventures holding $62.4 billion in gross book value. Amazon is the largest single tenant at 6.3% of consolidated net effective rent.