Prologis, Inc. Financial Ratios — PLD Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	-0.72	-0.14	1.32	2.53	3.04	3.93	5.53	4.86	4.01	3.08	5.13	4.6	3.38	3.96	3.43
Return on Capital (%)	- -	- -	7.74	- -	12.03	12.71	17.78	15.35	12.77	9.82	14.62	13.83	11.04	12.44	10.67
Return on Invested Capital (%)	- -	- -	0.84	- -	1.35	2.16	2.61	2.51	2.52	2.81	2.79	3.17	3.41	3.34	3.51
Gross Margin (%)	71.61	71.69	69.08	69.01	70.3	72.47	72.32	72.98	72.41	73.64	73.77	74.74	74.94	74.92	74.58
EBITDA Margin (%)	60.52	60.9	55.32	54.65	57.37	63.14	63.03	63.98	64.01	66.77	67.14	68.52	69.41	69.24	68.72
Operating Margin (%)	18.04	21.76	17.39	18.16	17.3	26.39	29.45	30.2	29.78	31.58	33.98	38.17	38.44	37.77	38.84
Incremental Operating Margin (%)	22.94	31.57	58.16	149.46	13.84	85.76	120.81	40.76	27.55	36.99	67.23	54.6	39.23	7.61	53.74
Pretax Margin (%)	-19.21	-5.24	19.21	40.53	43.18	53.18	69.35	67.26	53.33	39.36	69.82	61.78	43.18	50.17	42.88
Profit Margin (%)	-10.79	-2.03	19.59	36.13	39.57	47.76	63.11	58.81	47.23	33.38	61.77	56.33	38.13	45.5	37.86
Net Income to Common Margin (%)	-13.23	-4.13	18.54	35.71	39.27	47.5	62.86	58.6	47.05	33.24	61.64	56.23	38.06	45.43	37.8
Effective Tax Rate (%)	- -	- -	31.74	- -	2.43	4.05	3.01	3.36	4.19	7.47	5.24	3.67	6.09	4.06	5.41
Dvd Payout Ratio (%)	-120.77	-380.57	251.04	79.62	81.86	64.8	50.26	56.13	73.42	98.37	55.7	66.54	93.65	85.72	99.01
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	11,382	11,791	9,011	9,337	11,627	10,608	9,413	11,090	12,378	17,336	18,163	24,515	29,598	31,495	35,681
ST Debt	937	889	725	- -	- -	35	317	50	184	172	491	1,538	979	225	45
LT Debt	10,446	10,902	8,286	9,337	11,627	10,573	9,095	11,039	12,193	17,164	17,672	22,976	28,619	31,270	35,636
Total Debt/EBITDA	13.23	9.87	9.31	9.7	9.22	6.63	5.7	6.18	5.81	5.85	5.68	5.99	5.31	5.55	5.91
Net Debt/EBITDA	13.02	9.79	8.8	9.34	9.01	6.13	5.43	5.99	5.07	5.48	5.37	5.77	5.11	5.21	5.61
Total Debt/EBIT	44.37	27.64	29.6	29.2	30.58	15.87	12.21	13.09	12.48	12.37	11.23	10.75	9.6	10.17	10.45
Net Debt/EBIT	43.69	27.4	27.99	28.1	29.89	14.66	11.63	12.69	10.9	11.59	10.61	10.35	9.23	9.54	9.93
EBITDA to Interest Expense	1.93	2.44	2.65	3.26	4.38	5.56	6.35	8.31	9.41	9.88	12.78	14.02	9	6.78	6.21
EBITDA-CapEx/Interest Expense	-0.37	2.44	2.65	3.26	4.38	5.56	6.35	8.31	9.41	9.88	12.78	14.02	9	6.78	6.21
EBIT to Interest Expense	0.58	0.87	0.83	1.08	1.32	2.32	2.97	3.92	4.38	4.67	6.47	7.81	4.99	3.7	3.51
Interest Expense	446	488	365	295	288	288	260	216	227	300	250	292	619	837	972
Common Equity/Total Assets	-11.14	-13.52	-15.98	-15.4	-12.49	-11.92	-9.83	-6.17	-5.36	-4.26	-2.26	-0.51	-0.66	-0.48	-0.9
Long-Term Debt/Equity (%)	72.26	79.15	58.45	61.49	63.12	57.28	48.62	42.79	46.77	47.25	46.82	39.71	49.49	53.35	61.7
Long-Term Debt/Capital (%)	108.01	116.15	146.68	140.32	100.78	100.23	94.18	89.83	88.87	88.63	83.27	79.9	84.96	87.42	90.42
Long-Term Debt/Total Assets (%)	37.68	39.92	33.72	36.22	37.03	34.95	30.85	28.73	30.46	30.61	30.22	26.14	30.77	32.8	36.1
Total Debt/Equity (%)	78.74	85.61	63.56	61.49	63.12	57.47	50.32	42.98	47.47	47.73	48.13	42.37	51.19	53.73	61.78
Total Debt/Capital (%)	117.7	125.62	159.52	140.32	100.78	100.56	97.47	90.24	90.21	89.52	85.59	85.25	87.86	88.05	90.53
Total Debt/Total Assets (%)	41.06	43.17	36.67	36.22	37.03	35.07	31.93	28.87	30.92	30.92	31.06	27.89	31.82	33.04	36.14
Net Debt to Equity	77.52	84.87	60.1	59.18	61.68	53.1	47.93	41.65	41.49	44.74	45.46	40.78	49.24	50.43	58.68
Net Debt/Capital (%)	118.03	125.9	165.19	142.57	100.8	100.61	97.35	89.96	85.64	86.59	83.03	82.86	85.87	85.81	88.57
EBITDA	860	1,194	968	962	1,261	1,599	1,650	1,794	2,132	2,964	3,195	4,093	5,569	5,679	6,040
EBITDA-CapEx	-165	1,194	968	962	1,261	1,599	1,650	1,794	2,132	2,964	3,195	4,093	5,569	5,679	6,040
Operating Income (Loss)	257	427	304	320	380	668	771	847	992	1,402	1,617	2,280	3,084	3,098	3,414

Liquidity (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.07	0.05	0.3	0.43	0.29	1.03	0.38	0.35	0.97	0.37	0.27	0.08	0.16	0.5	0.43
Current Ratio	0.58	0.42	0.66	0.9	1.32	1.93	0.96	1.33	1.92	1.36	0.97	0.46	0.55	0.92	0.91
Quick Ratio	0.32	0.28	0.57	0.72	0.79	1.37	0.58	0.59	1.18	0.61	0.57	0.25	0.33	0.74	0.74
CFO/Avg Current Liab	0.15	0.2	0.25	0.73	1.29	1.67	1.72	1.67	2.14	2.15	1.64	1.44	1.54	1.66	1.88
Common Equity/Total Assets	-11.14	-13.52	-15.98	-15.4	-12.49	-11.92	-9.83	-6.17	-5.36	-4.26	-2.26	-0.51	-0.66	-0.48	-0.9
Long-Term Debt/Equity (%)	72.26	79.15	58.45	61.49	63.12	57.28	48.62	42.79	46.77	47.25	46.82	39.71	49.49	53.35	61.7
Long-Term Debt/Capital (%)	108.01	116.15	146.68	140.32	100.78	100.23	94.18	89.83	88.87	88.63	83.27	79.9	84.96	87.42	90.42
Long-Term Debt/Total Assets (%)	37.68	39.92	33.72	36.22	37.03	34.95	30.85	28.73	30.46	30.61	30.22	26.14	30.77	32.8	36.1
Total Debt/Equity (%)	78.74	85.61	63.56	61.49	63.12	57.47	50.32	42.98	47.47	47.73	48.13	42.37	51.19	53.73	61.78
Total Debt/Capital (%)	117.7	125.62	159.52	140.32	100.78	100.56	97.47	90.24	90.21	89.52	85.59	85.25	87.86	88.05	90.53
Total Debt/Total Assets (%)	41.06	43.17	36.67	36.22	37.03	35.07	31.93	28.87	30.92	30.92	31.06	27.89	31.82	33.04	36.14
CFO/Total Liabilities	1.56	3.42	4.67	8.45	8.6	12.02	15.66	14.29	16.22	14.88	14.44	13.74	15.27	13.38	12.22
CFO/CapEx	0.2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	0.36	0.62	0.9	1.11	0.98	1.43	1.94	1.65	2.54	2.32	3.74	1.89	2.27	1.79	1.92

Working Capital (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	13.74	12.29	12.55	16.66	22.76	25.26	26.71	29.17	34.52	32.26	15.51	14.89	22.8	22.37	17.43
Days Sales Outstanding	26.57	29.7	29.09	21.91	16.04	14.45	13.66	12.51	10.57	11.31	23.53	24.51	16.01	16.31	20.94
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	0.93	0.89	0.92	0.92	0.97	1.1	1.15	1.04	1.25	1.27	1.04	1.02	1.16	1.16	1.2
Accounts Payable Turnover Days	393.35	411.41	396.47	398.63	374.93	332.07	317.06	352.46	291.04	288.28	350.26	358.53	315.73	313.62	304.86
Cash Conversion Cycle	-366.78	-381.7	-367.38	-376.72	-358.9	-317.62	-303.4	-339.95	-280.47	-276.97	-326.73	-334.02	-299.72	-297.31	-283.92
Inventory to Cash Days	26.57	29.7	29.09	21.91	16.04	14.45	13.66	12.51	10.57	11.31	23.53	24.51	16.01	16.31	20.94
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	10,594	16,782	17,961	21,497	22,372	27,773	34,216	33,316	56,210	72,585	124,479	88,569	123,216	97,896	118,529
- Cash & Cash Equivalents	176	101	491	351	264	807	447	344	1,089	598	556	278	530	1,319	1,146
+ Preferred Equity and Hybrid Capital	582	582	100	78	78	78	69	69	69	64	64	64	64	64	64
+ Minority/Non Controlling Interest	794	704	465	1,208	3,753	3,467	3,075	3,503	3,419	4,353	4,315	4,626	4,642	4,666	4,561
+ Total Debt	11,382	11,791	9,011	9,337	11,627	10,608	9,413	11,090	12,378	17,336	18,163	24,515	29,598	31,495	35,681
Enterprise Value	23,176	29,758	27,046	31,770	37,566	41,119	46,325	47,633	70,986	93,740	146,466	117,495	156,990	132,802	157,689
Total Capital	9,671	9,386	5,649	6,654	11,537	10,549	9,657	12,289	13,720	19,366	21,222	28,756	33,686	35,767	39,412
Total Debt/Capital (%)	117.7	125.62	159.52	140.32	100.78	100.56	97.47	90.24	90.21	89.52	85.59	85.25	87.86	88.05	90.53
Total Debt / EV	0.49	0.4	0.33	0.29	0.31	0.26	0.2	0.23	0.17	0.18	0.12	0.21	0.19	0.24	0.23
EV/Sales	16.3	15.18	15.45	18.04	17.1	16.23	17.69	16.98	21.31	21.12	30.77	19.67	19.57	16.19	17.94
EV/EBITDA	26.94	24.92	27.93	33.02	29.8	25.71	28.07	26.55	33.3	31.63	45.84	28.71	28.19	23.39	26.11
EV/EBIT	90.35	69.76	88.85	99.34	98.81	61.52	60.08	56.24	71.56	66.87	90.56	51.52	50.9	42.87	46.18
EV/Cash Flow to Firm	35.33	30.71	36.84	26.48	26.88	24.29	23.89	23.67	28.61	29.16	45.3	26.66	26.37	23.24	26.6
EV/Free Cash Flow to Firm	13.78	30.71	36.84	26.48	26.88	24.29	23.89	23.67	28.61	29.16	45.3	26.66	26.37	23.24	26.6
Diluted Market Cap	10,628	16,853	18,163	21,790	22,917	28,858	35,629	34,659	58,378	75,185	128,755	91,493	126,874	100,794	122,149
Diluted Enterprise Value	23,210	29,829	27,248	32,063	38,111	42,205	47,738	48,977	73,154	96,340	150,742	120,419	160,647	135,700	161,309
EV per Share	62.55	64.71	55.64	63.59	72.07	78.16	87.34	83.96	112.57	128.71	198.1	149.55	169.84	143.39	169.84
TTM Sales	1,422	1,961	1,750	1,761	2,197	2,533	2,618	2,804	3,331	4,439	4,759	5,974	8,023	8,202	8,790
TTM EBITDA	860	1,194	968	962	1,261	1,599	1,650	1,794	2,132	2,964	3,195	4,093	5,569	5,679	6,040
TTM Operating Income	257	427	304	320	380	668	771	847	992	1,402	1,617	2,280	3,084	3,098	3,414
TTM Cash Flow to Firm	656	969	734	1,200	1,397	1,693	1,939	2,012	2,481	3,215	3,233	4,408	5,954	5,716	5,928
TTM Free Cash Flow to Firm	1,682	969	734	1,200	1,397	1,693	1,939	2,012	2,481	3,215	3,233	4,408	5,954	5,716	5,928

Multiples (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	8.62	36.36	37.45	24.36	20.53	20.37	21.12	19.22	25.78	25.6	42.98	22.17	23.61	20.52	24.39
EV/EBIT	90.35	69.76	88.85	99.34	98.81	61.52	60.08	56.24	71.56	66.87	90.56	51.52	50.9	42.87	46.18
Enterprise Value	23,176	29,758	27,046	31,770	37,566	41,119	46,325	47,633	70,986	93,740	146,466	117,495	156,990	132,802	157,689
Low Price	21.74	28.16	34.6	36.33	36.26	35.25	48.33	55.21	56.4	59.82	93.08	98.03	96.64	100.82	85.35
EV/Sales	16.3	15.18	15.45	18.04	17.1	16.23	17.69	16.98	21.31	21.12	30.77	19.67	19.57	16.19	17.94
EV/EBITDA	26.94	24.92	27.93	33.02	29.8	25.71	28.07	26.55	33.3	31.63	45.84	28.71	28.19	23.39	26.11
Price/Earnings	- -	- -	55.34	34.19	25.93	23.08	20.79	20.27	35.87	49.19	42.43	26.37	40.35	26.28	35.68
Price/Earnings Average	-62.1	-191.31	58.39	32.2	25.02	20.88	18.82	22.19	31.82	46.66	31.44	30.71	36.46	29.84	31.81
Price/Earnings High	-73.79	-213.51	68.18	35	28.73	23.99	21.76	23.8	37.35	55.47	42.83	40.83	41.63	33.75	36.81
Price/Earnings Low	-42.82	-159.99	51.82	28.87	21.91	15.41	15.58	19.06	22.7	29.53	23.46	22.93	29.26	25.06	23.85
Price/Book Value	-3.43	-4.55	-4.57	-5.42	-5.71	-7.7	-11.8	-14.04	-26.21	-30.4	-94.27	-197.49	-199.44	-214.38	-132.71
Price/Book Value Average	-3.78	-4.2	-4.82	-5.1	-5.51	-6.97	-10.68	-15.37	-23.24	-28.84	-69.86	-229.98	-180.17	-243.43	-118.33
Price/Book Value High	-4.5	-4.68	-5.63	-5.54	-6.32	-8.01	-12.35	-16.49	-27.28	-34.28	-95.15	-305.78	-205.75	-275.35	-136.91
Price/Book Value Low	-2.61	-3.51	-4.28	-4.57	-4.82	-5.14	-8.84	-13.2	-16.58	-18.25	-52.12	-171.74	-144.59	-204.48	-88.73
Price/Tangible Book Value	0.76	1.27	1.28	1.42	1.25	1.53	1.86	1.32	2.19	2.04	3.35	1.56	2.17	1.69	2.08
Price/Tangible Book Value Average	0.84	1.17	1.35	1.34	1.21	1.39	1.68	1.44	1.94	1.94	2.48	1.82	1.96	1.92	1.85
Price/Tangible Book Value High	1	1.31	1.57	1.46	1.38	1.59	1.94	1.55	2.28	2.3	3.38	2.42	2.24	2.18	2.14
Price/Tangible Book Value Low	0.58	0.98	1.19	1.2	1.06	1.02	1.39	1.24	1.38	1.23	1.85	1.36	1.57	1.62	1.39
Price/Sales	7.45	8.56	10.26	12.21	10.18	10.96	13.07	11.88	16.88	16.35	26.15	14.83	15.36	11.94	13.48
Price/Sales Average	8.22	7.9	10.83	11.5	9.83	9.92	11.83	13	14.97	15.51	19.38	17.27	13.87	13.55	12.02
Price/Sales High	9.76	8.82	12.64	12.5	11.28	11.4	13.68	13.95	17.57	18.44	26.4	22.96	15.84	15.33	13.91
Price/Sales Low	5.67	6.61	9.61	10.31	8.6	7.32	9.79	11.17	10.68	9.82	14.46	12.89	11.13	11.39	9.02
Price/Cash Flow	51.16	36.21	37.03	24.03	20.04	19.6	20.28	18.47	24.83	24.71	41.55	21.46	22.93	19.93	23.67
Price/Cash Flow Average	56.41	33.41	39.07	22.63	19.34	17.73	18.36	20.22	22.02	23.44	30.79	24.99	20.72	22.63	21.1
Price/Cash Flow High	67.03	37.29	45.62	24.6	22.21	20.37	21.23	21.69	25.85	27.87	41.94	33.23	23.66	25.6	24.41
Price/Cash Flow Low	38.9	27.94	34.68	20.29	16.93	13.09	15.19	17.37	15.71	14.83	22.97	18.66	16.63	19.01	15.82
Price/Free Cash Flow Average	9.51	33.55	39.51	22.94	19.81	18.43	19.12	21.03	22.87	24.28	31.84	25.82	21.33	23.3	21.75
Price/Free Cash Flow High	11.29	37.45	46.14	24.94	22.75	21.17	22.11	22.56	26.84	28.86	43.38	34.33	24.36	26.35	25.16
Price/Free Cash Flow Low	6.56	28.06	35.07	20.57	17.34	13.6	15.82	18.07	16.31	15.37	23.76	19.28	17.12	19.57	16.31
EV/Sales Average	17.07	14.52	16.02	17.33	16.74	15.19	16.46	18.11	19.41	20.28	24	22.11	18.08	17.81	16.48
EV/Sales High	18.61	15.43	17.83	18.33	18.2	16.66	18.31	19.05	22.01	23.2	31.02	27.8	20.05	19.59	18.37
EV/Sales Low	14.52	13.22	14.8	16.14	15.52	12.59	14.42	16.27	15.11	14.58	19.08	17.74	15.34	15.64	13.47
EV/EBITDA Average	28.2	23.84	28.95	31.71	29.18	24.06	26.11	28.3	30.32	30.37	35.75	32.26	26.05	25.72	23.98
EV/EBITDA High	30.76	25.34	32.23	33.54	31.72	26.39	29.04	29.78	34.38	34.75	46.2	40.57	28.89	28.29	26.73
EV/EBITDA Low	23.99	21.71	26.75	29.54	27.05	19.94	22.87	25.44	23.61	21.84	28.42	25.88	22.1	22.59	19.6
EV/EBIT Average	94.59	66.72	92.1	95.42	96.76	57.57	55.88	59.96	65.16	64.21	70.62	57.91	47.04	47.15	42.42
EV/EBIT High	103.16	70.94	102.53	100.93	105.17	63.16	62.16	63.09	73.89	73.47	91.27	72.82	52.16	51.85	47.28
EV/EBIT Low	80.46	60.78	85.09	88.87	89.68	47.71	48.95	53.89	50.75	46.17	56.14	46.46	39.91	41.41	34.68
Last Price	28.59	36.49	36.95	43.03	42.92	52.79	64.51	58.72	89.14	99.66	168.36	112.73	133.3	105.7	127.66
High Price	37.46	37.58	45.52	44.05	47.56	54.87	67.53	68.95	92.8	112.37	169.93	174.54	137.52	135.76	131.7
Enterprise Value Average	24,263	28,462	28,036	30,517	36,784	38,475	43,085	50,784	64,633	90,007	114,227	132,064	145,086	146,068	144,847
Enterprise Value High	26,463	30,259	31,212	32,279	39,984	42,214	47,927	53,438	73,294	102,997	147,627	166,058	160,890	160,643	161,440
Enterprise Value Low	20,638	25,927	25,904	28,422	34,094	31,891	37,743	45,642	50,341	64,723	90,807	105,946	123,103	128,282	118,405

Shares Outstanding	459	462	499	509	525	529	532	630	632	739	740	923	924	926	929
Diluted Weighted Avg Shares	372	462	492	506	534	547	552	590	655	754	765	812	952	954	957
Basic Weighted Avg Shares	371	460	486	500	521	526	530	567	631	728	739	786	924	926	928
Revenue per Share	3.84	4.26	3.6	3.52	4.22	4.81	4.94	4.94	5.28	6.09	6.44	7.6	8.68	8.86	9.47
EBITDA per Share	2.32	2.6	1.99	1.93	2.42	3.04	3.11	3.16	3.38	4.07	4.32	5.21	6.03	6.13	6.51
Operating Income per Share	0.69	0.93	0.63	0.64	0.73	1.27	1.45	1.49	1.57	1.92	2.19	2.9	3.34	3.34	3.68
Basic EPS, GAAP	-0.51	-0.18	0.67	1.26	1.66	2.29	3.1	2.9	2.48	2.03	3.97	4.28	3.3	4.02	3.58
Basic EPS from Cont Ops	-0.74	-0.23	0.47	1.48	1.78	2.46	3.32	3.21	2.7	2.22	4.26	4.53	3.52	4.26	3.84
Diluted EPS, GAAP	-0.51	-0.18	0.66	1.24	1.62	2.2	2.98	2.78	2.39	1.96	3.84	4.14	3.21	3.91	3.47
Diluted EPS from Cont Ops	-0.74	-0.23	0.47	1.46	1.73	2.36	3.19	3.09	2.6	2.14	4.12	4.38	3.42	4.14	3.73
Dividend per Share	1.12	1.23	1.18	1.35	1.54	1.7	1.78	1.98	2.13	2.37	2.53	3.18	3.49	3.86	4.05
Cash Flow per Share	0.56	1.01	1	1.79	2.14	2.69	3.18	3.18	3.59	4.03	4.05	5.25	5.81	5.3	5.39
Free Cash Flow per Basic Share	-2.21	1.01	1	1.79	2.14	2.69	3.18	3.18	3.59	4.03	4.05	5.25	5.81	5.3	5.39
Cash & Equivalents per Share	0.48	0.22	1.01	0.7	0.51	1.53	0.84	0.61	1.73	0.82	0.75	0.35	0.57	1.42	1.23
Book Value per Share	-8.33	-8.03	-8.08	-7.95	-7.52	-6.85	-5.47	-4.18	-3.4	-3.28	-1.79	-0.57	-0.67	-0.49	-0.96
Tangible Book Value per Share	37.44	28.68	28.96	30.24	34.36	34.43	34.76	44.56	40.74	48.79	50.21	72.06	61.39	62.39	61.5

Prologis, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)