Prologis Inc (PLD) - Net Assets
Based on the latest financial reports, Prologis Inc (PLD) has net assets worth $57.75 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($98.72 Billion) and total liabilities ($40.97 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Prologis Inc (PLD) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $57.75 Billion |
| % of Total Assets | 58.5% |
| Annual Growth Rate | 13.34% |
| 5-Year Change | 53.02% |
| 10-Year Change | 212.89% |
| Growth Volatility | 54.18 |
Prologis Inc - Net Assets Trend (1997–2025)
This chart illustrates how Prologis Inc's net assets have evolved over time, based on quarterly financial data. Also explore how large is Prologis Inc's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Prologis Inc (1997–2025)
The table below shows the annual net assets of Prologis Inc from 1997 to 2025. For live valuation and market cap data, see PLD stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $57.75 Billion | -1.47% |
| 2024-12-31 | $58.62 Billion | +1.37% |
| 2023-12-31 | $57.82 Billion | -0.07% |
| 2022-12-31 | $57.86 Billion | +53.31% |
| 2021-12-31 | $37.74 Billion | +3.90% |
| 2020-12-31 | $36.32 Billion | +39.33% |
| 2019-12-31 | $26.07 Billion | +1.05% |
| 2018-12-31 | $25.80 Billion | +37.93% |
| 2017-12-31 | $18.71 Billion | +1.34% |
| 2016-12-31 | $18.46 Billion | +0.20% |
| 2015-12-31 | $18.42 Billion | +21.32% |
| 2014-12-31 | $15.18 Billion | +7.10% |
| 2013-12-31 | $14.18 Billion | +2.93% |
| 2012-12-31 | $13.77 Billion | -4.72% |
| 2011-12-31 | $14.46 Billion | +290.46% |
| 2010-12-31 | $3.70 Billion | +12.48% |
| 2009-12-31 | $3.29 Billion | +10.92% |
| 2008-12-31 | $2.97 Billion | -14.27% |
| 2007-12-31 | $3.46 Billion | +15.22% |
| 2006-12-31 | $3.00 Billion | -4.25% |
| 2005-12-31 | $3.14 Billion | +9.41% |
| 2004-12-31 | $2.87 Billion | +7.83% |
| 2003-12-31 | $2.66 Billion | +3.26% |
| 2002-12-31 | $2.58 Billion | +3.57% |
| 2001-12-31 | $2.49 Billion | -3.97% |
| 2000-12-31 | $2.59 Billion | +10.11% |
| 1999-12-31 | $2.35 Billion | +7.15% |
| 1998-12-31 | $2.19 Billion | +26.63% |
| 1997-12-31 | $1.73 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Prologis Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 136023700000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $9.29 Million | 0.02% |
| Other Comprehensive Income | $-178.46 Million | -0.34% |
| Other Components | $54.72 Billion | 102.88% |
| Total Equity | $53.19 Billion | 100.00% |
Prologis Inc Competitors by Market Cap
The table below lists competitors of Prologis Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ABB Ltd
SW:ABBN
|
$127.26 Billion |
|
Walt Disney Company DRC
BA:DISN
|
$127.37 Billion |
|
Applovin Corp
NASDAQ:APP
|
$128.13 Billion |
|
Shopify Inc
TO:SHOP
|
$129.74 Billion |
|
SCHNEIDER ELECTR.ADR/1/5
F:SNDB
|
$126.67 Billion |
|
Lowe's Companies Inc
NYSE:LOW
|
$126.34 Billion |
|
Rio Tinto Group
MX:RION
|
$126.07 Billion |
|
HDFC Bank Limited
F:HDFA
|
$125.93 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Prologis Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 53,951,138,000 to 53,193,178,000, a change of -757,960,000 (-1.4%).
- Net income of 3,410,663,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 58,248,000.
- Other factors decreased equity by 4,110,375,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $3.41 Billion | +6.41% |
| Other Comprehensive Income | $-58.25 Million | -0.11% |
| Other Changes | $-4.11 Billion | -7.73% |
| Total Change | $- | -1.40% |
Book Value vs Market Value Analysis
This analysis compares Prologis Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.53x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 7.22x to 2.53x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | $19.42 | $140.27 | x |
| 1998-12-31 | $20.47 | $140.27 | x |
| 1999-12-31 | $21.17 | $140.27 | x |
| 2000-12-31 | $21.07 | $140.27 | x |
| 2001-12-31 | $20.57 | $140.27 | x |
| 2002-12-31 | $19.82 | $140.27 | x |
| 2003-12-31 | $20.14 | $140.27 | x |
| 2004-12-31 | $19.63 | $140.27 | x |
| 2005-12-31 | $21.81 | $140.27 | x |
| 2006-12-31 | $23.78 | $140.27 | x |
| 2007-12-31 | $27.69 | $140.27 | x |
| 2008-12-31 | $25.83 | $140.27 | x |
| 2009-12-31 | $21.89 | $140.27 | x |
| 2010-12-31 | $20.50 | $140.27 | x |
| 2011-12-31 | $36.75 | $140.27 | x |
| 2012-12-31 | $28.30 | $140.27 | x |
| 2013-12-31 | $27.89 | $140.27 | x |
| 2014-12-31 | $27.60 | $140.27 | x |
| 2015-12-31 | $27.47 | $140.27 | x |
| 2016-12-31 | $27.42 | $140.27 | x |
| 2017-12-31 | $28.30 | $140.27 | x |
| 2018-12-31 | $37.78 | $140.27 | x |
| 2019-12-31 | $33.64 | $140.27 | x |
| 2020-12-31 | $41.25 | $140.27 | x |
| 2021-12-31 | $42.54 | $140.27 | x |
| 2022-12-31 | $63.77 | $140.27 | x |
| 2023-12-31 | $55.88 | $140.27 | x |
| 2024-12-31 | $56.58 | $140.27 | x |
| 2025-12-31 | $55.52 | $140.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Prologis Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.41%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 38.80%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 1.86x
- Recent ROE (6.41%) is above the historical average (5.90%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 1.09% | 32.51% | 0.02x | 1.50x | $-148.57 Million |
| 1998 | 6.38% | 31.37% | 0.10x | 2.02x | $-63.94 Million |
| 1999 | 9.63% | 39.29% | 0.12x | 1.98x | $-6.82 Million |
| 2000 | 6.89% | 25.49% | 0.11x | 2.50x | $-55.01 Million |
| 2001 | 7.87% | 22.96% | 0.13x | 2.72x | $-37.28 Million |
| 2002 | 7.38% | 20.17% | 0.12x | 2.96x | $-44.18 Million |
| 2003 | 8.04% | 21.79% | 0.11x | 3.25x | $-32.67 Million |
| 2004 | 7.51% | 18.85% | 0.10x | 3.82x | $-41.64 Million |
| 2005 | 13.45% | 38.13% | 0.10x | 3.55x | $66.18 Million |
| 2006 | 10.34% | 30.70% | 0.11x | 3.10x | $7.41 Million |
| 2007 | 11.37% | 46.93% | 0.09x | 2.63x | $37.86 Million |
| 2008 | -1.98% | -6.97% | 0.10x | 2.90x | $-301.48 Million |
| 2009 | -1.17% | -5.41% | 0.09x | 2.33x | $-328.27 Million |
| 2010 | 0.82% | 4.28% | 0.09x | 2.22x | $-304.95 Million |
| 2011 | -1.12% | -10.01% | 0.06x | 2.03x | $-1.52 Billion |
| 2012 | -0.30% | -1.98% | 0.07x | 2.09x | $-1.35 Billion |
| 2013 | 2.50% | 19.59% | 0.07x | 1.79x | $-1.03 Billion |
| 2014 | 4.55% | 36.13% | 0.07x | 1.85x | $-761.37 Million |
| 2015 | 5.93% | 39.57% | 0.07x | 2.14x | $-597.35 Million |
| 2016 | 8.07% | 47.76% | 0.08x | 2.02x | $-289.18 Million |
| 2017 | 10.57% | 63.11% | 0.09x | 1.89x | $89.21 Million |
| 2018 | 7.40% | 58.81% | 0.07x | 1.72x | $-580.45 Million |
| 2019 | 6.94% | 47.23% | 0.08x | 1.77x | $-692.35 Million |
| 2020 | 4.63% | 33.38% | 0.08x | 1.75x | $-1.72 Billion |
| 2021 | 8.79% | 61.77% | 0.08x | 1.75x | $-402.96 Million |
| 2022 | 6.32% | 56.33% | 0.07x | 1.65x | $-1.96 Billion |
| 2023 | 5.75% | 38.13% | 0.09x | 1.75x | $-2.26 Billion |
| 2024 | 6.92% | 45.50% | 0.09x | 1.77x | $-1.66 Billion |
| 2025 | 6.41% | 38.80% | 0.09x | 1.86x | $-1.91 Billion |
Industry Comparison
This section compares Prologis Inc's net assets metrics with peer companies in the REIT - Industrial industry.
Industry Context
- Industry: REIT - Industrial
- Average net assets among peers: $2,422,390,938
- Average return on equity (ROE) among peers: 4.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Prologis Inc (PLD) | $57.75 Billion | 1.09% | 0.71x | $126.68 Billion |
| Americold Realty Trust (COLD) | $400.20 Million | -2.90% | 3.10x | $3.42 Billion |
| CubeSmart (CUBE) | $3.00 Billion | 7.45% | 1.18x | $8.90 Billion |
| EastGroup Properties Inc (EGP) | $1.20 Billion | 10.12% | 1.12x | $10.01 Billion |
| Extra Space Storage Inc (EXR) | $14.86 Billion | 5.75% | 0.94x | $29.52 Billion |
| First Industrial Realty Trust Inc (FR) | $1.95 Billion | 10.35% | 0.95x | $7.81 Billion |
| Innovative Industrial Properties Inc (IIPR) | $1.52 Billion | 4.31% | 0.16x | $1.43 Billion |
| Industrial Logistics Properties Trust (ILPT) | $562.21 Million | 14.25% | 1.51x | $375.26 Million |
| Lineage, Inc. Common Stock (LINE) | $-810.28 Million | 0.00% | 0.00x | $8.33 Billion |
| LXP Industrial Trust (LXP) | $1.54 Billion | 0.11% | 1.45x | $2.82 Billion |
| Modiv Inc (MDV) | $-61.62K | 0.00% | 0.00x | $152.69 Million |
About Prologis Inc
Prologis, Inc., is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At September 30, 2025, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.3 billion square feet (120 million square meters) in 20 countries. Prologis leases modern log… Read more