Prologis, Inc. (PLD)
Quantitative Summary
DeterministicPLD trades at 36.1x earnings, roughly in line with its sector average of 47.4x. Financial health is average: Piotroski 4/9, Altman Z 2.1.
Generated deterministically from quant metrics and financial statements. Not a recommendation.
Algorithmic Teardown
AI-GeneratedPrologis demonstrates a distinct capital efficiency challenge, evidenced by an ROIC of 3.9% that falls significantly below the estimated WACC of 11.4%, resulting in a negative spread of -7.5%. This value destruction is partially offset by high operating leverage within its business model; while net margins are robust at 37.9% and gross margins reach 74.6%, these figures drive an ROE of only 5.8% due to minimal asset turnover of 0.09x. The equity multiplier of 1.71x suggests moderate leverage, yet the fundamental quality indicators present a mixed picture: a Piotroski F-Score of 4/9 and an Altman Z-Score of 2.0 indicate average financial health with proximity to distress thresholds, though the negative Beneish M-Score of -2.29 points toward low earnings manipulation risk.
Valuation metrics suggest the market is pricing in growth expectations that exceed current fundamental performance. The stock trades at a P/E ratio of 37.6x, which remains meaningfully discounted relative to the sector average of 41.4x, yet this premium persists despite the negative ROIC-WACC spread implying value erosion rather than creation. While historical comparisons are not provided in the dataset, the current multiple implies that investors are anticipating future margin expansion or turnover acceleration that has not yet materialized in earnings per share. The disconnect between high profitability factors and sub-par return on invested capital creates a valuation tension where price may rely heavily on forward-looking assumptions rather than realized economic returns.
Risk-adjusted performance data reveals nuanced factor exposures, with the stock generating an annual Fama-French Alpha of 1.69%, indicating outperformance after adjusting for market risk. This alpha is supported by positive tilts in both the Value Factor (HML) at 0.389 and the Profitability Factor (RMW) at 0.420, suggesting the stock benefits from value-oriented and high-profitability investment styles. However, insider activity over the last 90 days shows $12,631 in net selling, which contrasts with the strong profitability metrics and raises questions about internal sentiment regarding future cash flow sustainability or capital allocation strategy.
Generated by LLM from quantitative data inputs. May contain inaccuracies. Not investment advice.
Valuation Context
Currently trading 19% above its 5-year average P/E of 32.5x.
Price Chart with Moving Averages
Technical Setup
AI GeneratedPLD is trading below its 50-day moving average but above the 200-day, indicating a recent downturn in short-term momentum while maintaining long-term support. The RSI at 36.7 suggests that the stock may be approaching oversold territory from a short-term perspective, which could signal potential near-term stabilization or recovery.
Quant Health Deep Dive
Profitability & Value Creation
DuPont Analysis — ROE Decomposition
Breaking down Return on Equity to see how the company generates its ROE — efficiency, margins, or leverage.
Balance Sheet Health
Insider Activity (Last 90 Days)
Open-market buys vs sells by company insiders. Source: yfinance.
Earnings Surprise History
EPS estimates vs actuals for the most recent reported quarters. Source: yfinance.
Dividend History
| Date | Amount | Change |
|---|---|---|
| 2026-03-17 | $1.0700 | +5.9% |
| 2025-12-16 | $1.0100 | 0.0% |
| 2025-09-16 | $1.0100 | 0.0% |
| 2025-06-17 | $1.0100 | 0.0% |
| 2025-03-18 | $1.0100 | +5.2% |
| 2024-12-16 | $0.9600 | 0.0% |
| 2024-09-16 | $0.9600 | 0.0% |
| 2024-06-17 | $0.9600 | 0.0% |
| 2024-03-15 | $0.9600 | +10.3% |
| 2023-12-15 | $0.8700 | 0.0% |
| 2023-09-15 | $0.8700 | 0.0% |
| 2023-06-15 | $0.8700 | 0.0% |
Dividend and split data from SEC filings and market data. Amounts are per share, not adjusted for splits. Source: yfinance.
Risk Profile
Sharpe = risk-adjusted return (higher is better). Max drawdown = largest peak-to-trough decline. 1,200+ trading days.
Underwater (Drawdown from Peak)
How far below the all-time high the price has been over time. Deeper = more pain for holders.
Rolling 60-Day Beta vs S&P 500 (VOO)
How the stock's sensitivity to market moves changes over time. β > 1 = more volatile than the market.
Fama-French 5-Factor Exposure
Academic factor model decomposition — what's really driving this stock's returns.
Fama-French 5-Factor Model. Data: Kenneth French Data Library. Regression over 3 years of daily returns.
Fundamentals
10-K Risk Factor Expansion
Word count of Item 1A (Risk Factors) across annual filings. Rising counts often signal new regulatory, competitive, or operational risks.
Passive Flow Attribution
ETF Draft EffectWhen investors buy or sell ETFs like IYR or XLRE, the fund manager is mechanically forced to buy or sell PLD shares regardless of Prologis, Inc.'s individual fundamentals. We estimate $19.3B of passive capital is structurally linked to PLD through 8 tracked ETFs. This substantial passive exposure means that ETF inflows and outflows — not company fundamentals — can dominate daily volume on this stock.
Passive exposure = Σ (ETF AUM × stock weight in ETF) across 8 tracked ETFs. Actual passive ownership is larger (includes mutual funds). Not investment advice.
ETF Contagion Visualizer
Simulate a price drop in Prologis, Inc. to visualize passive redemption contagion across ETFs and collateral stocks.
If Prologis, Inc. (PLD) experiences a significant drawdown, ETF redemptions can create collateral selling pressure on co-held stocks. Our model identifies Vanguard Real Estate II Index Fund Institutional Plus Shares (VRTPX) as the most exposed collateral stock, sharing 1 ETFs with PLD. This is the "Passive Contagion" effect described in the Inelastic Market Hypothesis.
Contagion model based on shared ETF exposure and constituent weights across 28 tracked ETFs. Estimated selling pressure is a simplified model — actual impact depends on market liquidity, ETF redemption mechanics, and market-maker activity.
PLD Ownership Dynamics
Passive funds hold 1 in every 6 PLD shares, reducing daily market volatility.
Prologis, Inc. (PLD) exerts notable gravity on the passive index market, currently representing 9.2% of the iShares U.S. Real Estate ETF (IYR) and 9.1% of the State Street Real Estate Select Sector SPDR ETF (XLRE). Across 28 tracked ETFs, approximately 146M shares (15.6% of float) are held by passive funds and rarely trade on the open market. This level of passive ownership means index rebalances can create outsized volume events.
ETFs with Highest PLD Exposure
Float lock-up computed from 28 ETFs tracked by SecuritiesDB. Actual passive ownership is higher (includes mutual funds, pension funds, etc.).
PLD Institutional Volume Profile
252-day volume distribution by price level. The Point of Control (POC) marks — the price where the most institutional volume transacted — an implicit support/resistance floor.
The highest-volume price zone for Prologis, Inc. over the past year sits near $105.17 (12% of 252-day volume). The current price of $140.41 trades 33.5% above this institutional floor — a sign of upside momentum, though a pullback to the POC zone is a common reversion target.
Volume Profile computed from 252 trading days of OHLCV data. Volume allocated to price bins proportionally based on daily high-low range. Not investment advice.
Fails-to-Deliver (FTD) History
SEC-reported settlement failures. Elevated FTDs can indicate high short-selling pressure, operational settlement issues, or naked shorting activity.
| Date | Failed Shares | Close Price | Notional Value |
|---|---|---|---|
| 2026-05-14 | 44 | $142.00 | $6,248 |
| 2026-05-13 | 71 | $143.76 | $10,206.96 |
| 2026-05-04 | 31 | $141.41 | $4,383.71 |
| 2026-04-20 | 11,609 | $145.10 | $1.7M |
| 2026-04-15 | 9 | $138.36 | $1,245.24 |
| 2026-04-09 | 24 | $137.41 | $3,297.84 |
| 2026-04-08 | 305 | $133.22 | $40,632.1 |
| 2026-03-25 | 93 | $130.35 | $12,122.55 |
| 2026-03-19 | 392 | $131.20 | $51,430.4 |
| 2026-03-12 | 268 | $134.40 | $36,019.2 |
| 2026-02-24 | 502 | $140.74 | $70,651.48 |
| 2026-02-23 | 4,777 | $141.51 | $675,993.27 |
| 2026-02-18 | 598 | $141.77 | $84,778.46 |
| 2026-02-10 | 77 | $137.28 | $10,570.56 |
| 2026-02-06 | 28,832 | $136.14 | $3.9M |
| 2026-02-03 | 7 | $129.68 | $907.76 |
| 2026-01-30 | 4 | $130.41 | $521.64 |
| 2026-01-29 | 4 | $127.13 | $508.52 |
| 2026-01-28 | 4 | $128.70 | $514.8 |
| 2026-01-27 | 4 | $126.43 | $505.72 |
| 2026-01-23 | 8,208 | $126.67 | $1.0M |
| 2026-01-22 | 480,559 | $131.14 | $63.0M |
| 2026-01-21 | 289,030 | $130.81 | $37.8M |
| 2026-01-20 | 925 | $133.21 | $123,219.25 |
| 2026-01-16 | 112,950 | $132.75 | $15.0M |
| 2026-01-15 | 21 | $132.21 | $2,776.41 |
| 2026-01-13 | 471 | $129.06 | $60,787.26 |
| 2026-01-12 | 142 | $129.40 | $18,374.8 |
| 2026-01-05 | 47 | $129.05 | $6,065.35 |
| 2026-01-02 | 2,250 | $127.66 | $287,235 |
Source: SEC Regulation SHO FTD data. Data is reported with a ~30 day delay. High FTD quantities relative to average daily volume may indicate settlement stress.
SEC Comment Letters
SEC correspondence with the company regarding their filings. Comment letters often flag disclosure deficiencies, accounting concerns, or material omissions.
Source: SEC EDGAR correspondence. Comment letters are public records of SEC staff review of company filings.
Price Correlations
Statistical correlation of daily returns with other stocks. High correlations indicate stocks that move together; negative correlations can offer diversification.
| Peer | 252-Day (1Y) | 126-Day (6M) | Direction |
|---|---|---|---|
| WTGXX | NaN | NaN | |
| EGP | 0.834 | 0.789 | High co-movement |
| VRTPX | 0.806 | 0.724 | High co-movement |
| FRT | 0.655 | 0.555 | Moderate |
| KIM | 0.633 | 0.574 | Moderate |
| REG | 0.598 | 0.553 | Moderate |
| BXP | 0.593 | 0.478 | Moderate |
| CUBE | 0.582 | 0.505 | Moderate |
| SPG | 0.581 | 0.531 | Moderate |
| BRX | 0.562 | 0.480 | Moderate |
Pearson correlation of daily log returns. 252d ≈ 1 trading year. Computed from price history. Not investment advice.
Compare PLD to Peers
Quant metrics computed deterministically from financial statements and price data. Updated: 2026-06-02.
SecuritiesDB provides programmatic data aggregation for informational purposes only. None of the metrics, summaries, or algorithmic flags constitute a recommendation to buy or sell any security.