The series is stated in the current share scale after splits; dividends are not included in the price
Prologis owns warehouses worldwide — the property e-commerce rents.
A real estate investment trust in form: it must distribute nearly all profit to shareholders and therefore pays no tax on it itself. Hence a high dividend yield as a property of the structure rather than management's generosity.
Warehouse value is set not by square metres but by location: a site near a large city allows next-day delivery, and such land is scarce by definition. That gives the trust a rare ability to raise rents on renewal well above inflation — the gap between in-place and market rents is the metric investors follow.
The risks are rates and the cycle: expensive money lowers property valuations and raises construction costs, while slowing e-commerce reduces demand for space. The company also develops rooftop solar and leases capacity for data centres.
Based on the last 12 months of reports, through 30 June 2026
The sector median covers every company in the sector on the US market, loss-making ones included.
