NYSE: PLD · Industrial REITs
Prologis (PLD) fair value: undervalued or overvalued?
As of 3 Oct 2026, Faircurve's model values Prologis (PLD) at $101.84 a share. The stock last closed at $128.91, which puts the model's fair value 21.0% below the price. On the model's bands that reads as Overvalued.
Revalued . Price is the close of 2 Oct 2026. Prologis, Inc.
Faircurve Insights · 3 Oct 2026
Prologis, Inc. creates the intelligent infrastructure that powers global commerce, seamlessly connecting the digital and physical worlds. The firm operates in Real Estate and Industrial REITs.
On 3 Oct 2026, Faircurve's model gave a fair value of $101.84 a share for Prologis, Inc. This fair value blends a cash-flow multiple, a dividend model, and the value of the properties. The previous run on 26 Sep 2026 gave $103.24, so the fair value moved -1.4%. The model's calibrated range over 63 trading days was $84.97 to $123.46, and ranges built this way held the price 60% of the time. The model graded the evidence as High, based on the dividend record.
The model compares Prologis, Inc. with Public Storage, Extra Space Storage Inc., EastGroup Properties, Inc., CubeSmart, Rexford Industrial Realty, Inc., First Industrial Realty Trust, Inc., STAG Industrial, Inc., and Terreno Realty Corporation. Around its last 8 earnings reports, the stock moved +4.4% on 16 Jul 2026, +3.8% on 16 Apr 2026, -3.2% on 21 Jan 2026, +5.0% on 15 Oct 2025, -2.0% on 16 Jul 2025, +3.7% on 16 Apr 2025, +5.2% on 21 Jan 2025, and +1.1% on 16 Oct 2024. The median size of these moves was 3.7%.
Written from the figures on this page for the 3 Oct 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
What price range does the model give PLD?
The calibrated range for PLD over 63 trading days is $84.97 to $123.46. There is no live options data for this stock, so the range is built from the fair value and calibrated weekly against realised prices (n = 4,809 past valuations, refreshed 3 Oct 2026). Ranges built this way held the price 60% of the time at this horizon.
The price is above this range. For names with fair value 15%+ below price, the calibrated range has held the price 39% of the time over 63 trading days, and 59% ended above it; the typical move was −0.5%.
The model's own range is $93.24 to $112.96.
How does PLD compare with similar companies?
The companies in industrial reits closest to Prologis in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| PSA Public Storage | $283.81 | $285.38 | +0.6% | Fairly valued |
| EXR Extra Space Storage Inc. | $133.25 | $119.15 | -10.6% | Overvalued |
| EGP EastGroup Properties, Inc. | $195.78 | $141.27 | -27.8% | Overvalued |
| CUBE CubeSmart | $37.52 | $42.56 | +13.4% | Undervalued |
| REXR Rexford Industrial Realty, Inc. | $36.69 | $40.34 | +9.9% | Undervalued |
| FR First Industrial Realty Trust, Inc. | $59.46 | $51.63 | -13.2% | Overvalued |
| STAG STAG Industrial, Inc. | $36.05 | $35.10 | -2.6% | Fairly valued |
| TRNO Terreno Realty Corporation | $64.54 | $61.36 | -4.9% | Fairly valued |
When does PLD report earnings, and how has the stock reacted?
Prologis's next earnings report is scheduled for 15 Oct 2026. Companies can move their dates.
Options prices on 2 Oct 2026 imply a move of about 7.5% in either direction through the nearest expiry, about 48 days out, a window that includes the report. That is the size the market is pricing, not a direction.
How PLD moved around its last 8 earnings reports
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across these 8 reports, ignoring direction, was 3.7%.
| Report date | Two session move |
|---|---|
| 16 Jul 2026 | +4.4% |
| 16 Apr 2026 | +3.8% |
| 21 Jan 2026 | -3.2% |
| 15 Oct 2025 | +5.0% |
| 16 Jul 2025 | -2.0% |
| 16 Apr 2025 | +3.7% |
| 21 Jan 2025 | +5.2% |
| 16 Oct 2024 | +1.1% |
Prologis at a glance
Prologis, Inc. don't just lead the industry, they define it. The firm creates the intelligent infrastructure that powers global commerce, seamlessly connecting the digital and physical worlds.
- Market value
- $120.3B
- Sector
- Real Estate
- Industry
- Industrial REITs
- Beta to the US market
- 0.44
- First valued by Faircurve
- 4 Jul 2026
How the fair value is worked out: the model values Prologis three ways and blends them; the range around the fair value comes from 2,000 simulations of the dividend model. The full method is documented here.
What changed in the latest valuation?
On 26 Sep 2026 the model's fair value for PLD was $103.24. As of 3 Oct 2026 it is $101.84, a change of -1.4%. The model revalues every stock it covers each week, and again after an earnings report.
Questions about Prologis's valuation
Is Prologis stock undervalued or overvalued?
On Faircurve's model, PLD reads as Overvalued as of 3 Oct 2026. The model's fair value is $101.84 a share against a last close of $128.91, a gap of -21.0%.
What is PLD's fair value?
$101.84 a share as of 3 Oct 2026. The fair value blends three methods: a cash-flow multiple against comparable companies, a dividend model, and the value of the properties. The model's own range is $93.24 to $112.96.
What price range does the model give PLD?
$84.97 to $123.46 over 63 trading days. Ranges built this way held the price 60% of the time across 4,809 past valuations, refreshed 3 Oct 2026.
When does Prologis report earnings next?
The next report is scheduled for 15 Oct 2026. Companies can move their dates.
How much has PLD moved on past earnings reports?
Across its last 8 reports the median two session move was 3.7%, ignoring direction. The largest was +5.2% around the report of 21 Jan 2025.
How confident is the model in this valuation?
The model's evidence grade for PLD is high. For real estate investment trusts (REITs) the grade looks at the dividend record: at least three years of paid dividends with no cut. It is not a probability that the fair value is right, or that the price reaches it.