Prologis PLD
Prologis, Inc. is a self-administered and self-managed REIT and is the sole general partner of Prologis, L.P. through which it holds substantially all of its assets. 10-K, Item 1
- Headquarters
- San Francisco, CA
- CEO
- Hamid Moghadam
- Next results
- around Jan 20, 2027
PLD among Real estate peers
Six ratios from the latest 10-K. Each corner is the share of 28 peers the company is above, not a score.
What changed
3 new risk paragraphs and 1 accounting fact worth reading about. 10-K filed Feb 13, 2026 against Feb 14, 2025.
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
Accounting checks
10 checks on the latest 10-K. Checks, not verdicts.
1fact worth reading about the other 9 checks found nothing to note
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Receivables growing faster than revenueReceivables +47.6% vs revenue +7.2% (+40.4 pts)
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Cash from operations $5.0B vs net income $3.3B (FY ending Dec 31, 2025)
8 more checks with nothing to note
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Same auditor in both 10-Ks: KPMG LLP
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No statement of substantial doubt about going concern
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No 8-K item 4.02 in the last 2 years
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No NT 10-K or NT 10-Q in the last 2 years
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The same matters as last year: Assessment of the Company’s evaluation of the expected holding period for operating properties
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No sentence in the 10-K concludes that controls were not effective because of a material weakness
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No 8-K item 2.06 in the last 2 years
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No 8-K item 1.03 in the last 2 years
In their words
3 paragraphs in Risk Factors that were not in the 10-K filed Feb 14, 2025. Quoted as filed.
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Item 1A · new paragraph · not in the 10-K filed Feb 14, 2025 10-K, ITEM 1A
We have acquired properties and will continue to acquire properties through the direct acquisition of real estate, the acquisition of entities that own real estate or through additional investments in co-investment ventures that acquire properties. The acquisition of
New risk paragraphs, against peers
Latest 10-K of each, Real estate companies closest in revenue
Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.
Financial performance
Last 4 fiscal years · 10-K XBRL
| Metric | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | $6.0B | $8.0B | $8.2B | $8.8B |
| Net income | $3.4B | $3.1B | $3.7B | $3.3B |
| Operating cash flow | $4.1B | $5.4B | $4.9B | $5.0B |
Revenue, FY2016 to FY2025
Ten fiscal years, each from its own 10-K · XBRL · USD
$8.8B ▲ 7.2% in FY2025$3.3B ▼ 10.8% in FY2025
Recent filings
4 filings in the last 30 days · SEC EDGAR
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OfferingOct 30, 2026At-the-market program: up to $5.0B of common stock 424B5 · aggregate offering price of up to $5,000,000,000, to be made from time to time under this prospectus supplement and the accompanying prospectus through the managers, as our sales agents or the forward sellers, or directly to the managers, as principals for their own accounts.
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8-KOct 30, 2026Other events 8-K item 8.01
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10-QOct 28, 2026Quarterly report (10-Q) period ended Sep 30, 2026
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8-KOct 15, 2026Quarterly results, Regulation FD disclosure 8-K items 2.02, 7.01
About the company
Prologis, San Francisco, CA · from the 10-K filed Feb 13, 2026
Prologis, Inc. is a self-administered and self-managed REIT and is the sole general partner of Prologis, L.P. through which it holds substantially all of its assets. We operate Prologis, Inc. and Prologis, L.P. as one enterprise and, therefore, our discussion and analysis refers to Prologis, Inc. and its consolidated subsidiaries, including Prologis, L.P. We invest in real estate through wholly owned subsidiaries and other entities through which we co-invest with partners and investors ("co-investment ventures"). We have a significant ownership interest in the co-investment ventures, which are either consolidated or unconsolidated based on our level of control of the entity.
- Headquarters
- San Francisco, CA
- Country
- United States
- Reports in
- USD
- Listed on
- NYSE, OTC
- Fiscal year ends
- December 31
- Last results
- Oct 15, 2026
- Incorporated in
- MD
Email alerts
Sources
The 10-K filed Feb 13, 2026 (open at SEC), compared with the 10-K filed Feb 14, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.
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