Prologis
PLD · NYSE · Real Estate
$129.65
+$1.69 (+1.30%) today
Market Cap
$126.03B
24h Volume
$411.1M
P/E Ratio
28.6
52w High
$148.88
52w Low
$118.67
Est. AI Revenue
3%
7-Day Sparkline (Static)
Company facts
Performance
About Prologis
Prologis is the largest industrial real estate company in the world, owning logistics warehouses across major trade corridors. It makes money by leasing distribution space to retailers, manufacturers, and parcel carriers, and by managing co-investment funds that hold logistics assets. Its buildings sit close to major population centers, which keeps demand steady.
A newer growth engine is data centers. Prologis is converting select warehouses and land parcels into powered data center developments, using its land bank and utility relationships to secure the electricity AI facilities need. It also builds solar, energy storage, and EV charging infrastructure across its rooftops and sites through its energy platform.
Founded in 1983 and headquartered in San Francisco, Prologis employs about 2,800 people and trades on the NYSE. Its customers include most of the world's largest logistics and e-commerce operators.
Prologis in the AI buildout
Prologis sits in the Data Centers layer as a land and power owner turned developer. Its advantage is control of entitled land and grid connections near major metros, two of the scarcest inputs in the AI buildout. The company develops powered shells and turnkey data centers, then sells or leases them, while logistics rents fund the program. Its exposure grows with each conversion, but the core business remains moving goods, not hosting GPUs.
PLD is tracked in Data Centers & Hardware, rated Growing on the AI Exposure leaderboard.
By the numbers
52-week range
PLD trades at $129.65, 36% of the way up its 52-week range of $118.67 to $148.88.
Market cap
Market capitalization is $126.03B, with an AI Exposure Score of 30 out of 100.
Valuation vs peers
Its P/E ratio of 28.6 is above the Data Centers & Hardware category median of 24.1.
Next earnings
Prologis is next expected to report earnings on January 20, 2027.
Market data as of the close on . Prices are end of day, not live.
Frequently asked questions
What does Prologis do?
Prologis owns and operates the world's largest portfolio of logistics real estate, leasing warehouses and distribution centers to retailers, manufacturers, and parcel carriers across major trade corridors, while also managing co-investment funds that hold logistics assets.
How is Prologis exposed to AI?
Prologis converts warehouses and land parcels into powered data center developments with a multi-gigawatt pipeline aimed at AI demand. Supercycle rates it Growing with an AI Exposure Score of 30 out of 100, since logistics rents still produce essentially all revenue.
What is Prologis doing in data centers?
It develops data centers on land and buildings it already controls, securing power capacity and either leasing or selling the finished facilities. Control of entitled land and grid connections near major metros is its main advantage over standalone developers.
Who leads Prologis?
Daniel Stephen Letter serves as chief executive officer, taking over from co-founder Hamid Moghadam. The company was founded in 1983, is headquartered in San Francisco, and employs about 2,800 people worldwide.
Is PLD a pure play AI stock?
No. Supercycle classifies PLD as Growing with a score of 30 out of 100. The data center program is strategically important, but Prologis remains a logistics REIT first, and warehouse rent drives its results.
Profile written 2026-08, updated as the business changes. Editorial content, not investment advice.
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