CluenexPrologis PLD
Prologis scores average on business quality (6.0 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What Prologis does
Prologis owns and operates global logistics real estate, leasing high-throughput distribution facilities to major supply chain and e-commerce tenants. The company is leaning into logistics infrastructure expansion to capture rising urban fulfillment demand.
- What it does best
Prologis dominates industrial real estate through sheer scale and operating margins of 38.4%, outpacing competitors like LINE at 4.3% and outperforming peers in network density.
- The main risk
Net debt of $33.9 billion anchors the balance sheet, leaving the firm vulnerable to refinancing pressure if high interest rates persist.
Quality, check by check
Scored against its own industry, from company filings.
Operating margin of 38.4% and a gross margin of 74.3% place it in the top decile of its sector, showing strong unit economics despite modest free cash flow conversion.
Scale and prime global locations lock in massive enterprise tenants, securing a top quartile gross margin ranking of 72% that smaller rivals cannot easily replicate.
Revenue grew to $9.2 billion, maintaining a steady expansion rate that builds on previous annual gains.
Debt-to-equity sits at 0.7 with an interest coverage ratio of 3.4x, meaning debt costs consume a meaningful slice of earnings while cash generation remains thin at $85 million.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
No open market buys or unplanned sales by executives or directors.
Our sealed record on PLD
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
Prologis scores average on the Cluenex quality check (6.0 of 10), measured against its own industry. Profitability is fair, moat fair, growth steady and financial health fair.
In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.
Oct 15, 2026, before the open.
See PLD today
- Today's verdict on PLD, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “Prologis (PLD)”, https://cluenex.com/stocks/pld/, data as of Oct 10, 2026.