PerpEquities

Equity

Prologis (PLD) perpetual futures

PLD perpetual futures on 2 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade PLDUSDT.

Prologis, Inc. creates intelligent infrastructure for global commerce, connecting digital and physical worlds with agile supply chains and clean energy solutions.

$131.68+1.8%NYSE open
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TradingView symbol NYSE:PLD

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Trading data

Perpetual market activity

2/2 live markets
Venues
2
Live markets
2/2
24h volume
$1.1M
Open interest
$222.2KCoverage: 1/2 markets
Best liquidity
$35.8K
MEXC
Tightest spread
+11.4 bps
MEXC
Highest volume
$959.9K
BingX
Settlement mix
USDT · 2/2
Perp/spot vol.
0.00x
Spot volume $642.8M
OI / float
0.00%
Float $124.8B
Spot performance
1D+1.77%
5D+2.61%
1M+2.56%
6M-6.35%
YTD+2.90%
1Y+6.09%

Venue matrix

2 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
MEXCTradePLD/USDTTrading$131.68-11.3% APR
-0.010% every 8h
+11.4 bps$35.8K$103.2K$222.2KUSDT20x
BingXTradePLD-USDTTrading$131.60-0.1% APR
-0.00010% every 8h
+31.2 bps$25.9K$959.9K-USDT-

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

Thin liquidity · 2 of 2 venues absorb $10k · Typical cost: +47.5 bps – +62.5 bps

Cheapest execution: MEXC · +40.0 bps

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

PLD

Tightest spread

PLD

Highest volume

PLD

Funding history

Stored venue snapshots by market

Company financials

Financials at a glance

Last report Q3 '26 · filed 2026-10-28 · next report 2027-01-20 · Updated 422h ago
All financials →

Valuation & key figures

Market cap
$119.5B
Updated 422h ago
Revenue
$9.4B
Trailing 12 months
Revenue growth
-1%
Next fiscal year
Profit margin
+45.5%
P/E
27.7
Peer P/E 35.8
P/S
12.8
Peer P/E
35.8
Similar listed perps
Free cash flow
$5.2B
Trailing 12 months
Net income
$4.3B
Trailing 12 months
Revenue estimate
$8.7B
Next fiscal year
Earnings
2027-01-20
Revenue est. $2.2B · Updated 422h ago
Dividend
$1.07
2026-09-16
Revenue (TTM)$9.36B+7.2% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)38.2%-8.8 pp vs a year agoOperating income $3.58B
Net income (TTM)$4.26B+32.9% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$4.45B-14.1% vs a year agoCapex $1.1B
Diluted EPS (TTM)$4.53+32.5% vs a year agoSum of the last 4 quarters
Net cash-$34.6B-1.3% vs a year agoCash + short-term investments - debt
  • Last report (2026-10-15): revenue beat by 9.7%, EPS beat by 105.9%Revenue $2.39B vs $2.18B expected (+9.7%); EPS $1.60 vs $0.78 (+105.9%).
  • Revenue growth steady: 7.8% year on yearQ3 '26 revenue $2.39B, against an average of 7.4% over the four quarters before.
  • Operating margin 38.2% (TTM), -8.8 pp on a year agoOperating income grew -12.9% while revenue grew 7.2%.
  • 26.5% of pre-tax profit is non-operatingPre-tax income $4.87B vs operating income $3.58B (TTM). Gains on equity stakes and other one-off items lift net income and EPS - operating income is the cleaner measure of the business.

Revenue, operating income and growth

quarterly

Revenue by business line

latest quarter
LineRevenuey/yShare
Real Estate Operations Segment$2.22B+7.7%93.1%
Strategic Capital Segment$164M+9.3%6.9%
In the full financialsIncome statement, balance sheet and cash flow (12 quarters / 10 years) · margins and cost structure · capital allocation and buybacks · valuation against the 5-year range · analyst estimates · all 215 lines Prologis, Inc. reported to the SEC

Next catalyst

Catalysts

Earnings
2027-01-20
Revenue est. $2.2B · Updated 422h ago
Dividend
$1.07
2026-09-16

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20263.68$8.7B-1%2
FY 20273.49$9.6B+9%2
FY 20283.95$10.3B+17%2
FY 20294.74$10.4B+19%1
FY 20305.31$11.1B+26%1
Q1 20290.00$2.5B+9%0

Company events

6
2027-01-20EarningsActual - / Estimate 0.77-
2026-10-15Earnings · Before market openActual 1.6 / Estimate 0.78Beat
2026-09-16Dividend$1.07-
2026-07-16EarningsActual 1.13 / Estimate 0.75Beat
2026-06-16Dividend$1.07-
2026-04-16EarningsActual 1.05 / Estimate 0.81Beat

Peer comparison

Similar listed perps

Company data

Company intelligence

Updated: Nov 2, 2026, 02:50 PM UTC

Company profile

Sector
Real Estate
Industry
REIT - Industrial
Chief executive
Daniel S. Letter
Employees
2,802
IPO date
Nov 21, 1997
Country
US
Exchange
New York Stock Exchange
Website
Altman Z-scorei1.89
Piotroski scorei5/9
Overall ratingiB+
Owner earningsi$999.20M$1.03 per share
ESG risk ratingiB+Industry rank: 1 out of 45

Rating factors

Return on equityi
4
Return on assetsi
4
Debt to equityi
4
Price to earningsi
2
Price to booki
2
Market cap history
$120.83B-10.2%Aug 26 – Oct 26
$117.16B$125.83B$134.51BHigh: $134.51B · 2026-08-03Low: $117.16B · 2026-10-19Latest: $120.83B · 2026-10-30Aug 26Sep 26Oct 26
Latest: $120.83B · 2026-10-30High: $134.51B · 2026-08-03Low: $117.16B · 2026-10-19
Largest fund holders
FundWeightShares held
VNQ6.86%35.3M
VTI0.17%30.1M
VOO0.19%25M
VECA.S0.31%17.2M
IVV0.19%12.7M
1657.T0.14%12.7M
XSP.TO0.18%12.7M
XWD.TO0.13%12.7M
FXAIX0.19%12.5M
SPY0.18%11.6M
VTV0.47%9M
VCPA.S0.17%8.1M

Analyst track record

How the analysts covering PLD have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings94338
Analysts2332
Buy / hold / sell68 / 26 / 0240 / 86 / 12
Upgrades / downgrades / initiations6 / 3 / 212 / 13 / 2
Price targets hit / missed4 / 82 (5%)112 / 199 (36%)
Avg. return after a rating (TipRanks)-14.2%-4.0%
Best / worst call+8.5% / -24.7%+34.8% / -24.7%

After buy calls on this stock: median 21-day move +2.0% vs S&P 500 -0.9% (n = 248)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Brendan LynchBarclays61% hit rate on this stock · 18 targets measuredBuytarget $156Jul 27, 2026
  2. Ronald KamdemMorgan Stanley60% hit rate on this stock · 15 targets measuredHoldtarget $151May 27, 2026
  3. Michael MuellerJ.P. Morgan50% hit rate on this stock · 10 targets measuredBuytarget $157Apr 22, 2026

Latest ratings

DateAnalystCallTarget
Oct 28, 2026John KimBMO CapitalBuyMaintained$150
Oct 26, 2026Michael LewisTruist FinancialBuyMaintained$141
Oct 23, 2026Michael LewisTruist FinancialBuyMaintained$141
Oct 23, 2026Michael LewisTruist FinancialBuyMaintained$141
Oct 21, 2026Dave RodgersRaymond JamesBuyUpgraded$163
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$130$135$140$145$150$155$160Dec 25 · Buy 12 · Hold 5 · Sell 0Dec 25Jan 26 · Buy 10 · Hold 6 · Sell 0Feb 26 · Buy 10 · Hold 6 · Sell 0Feb 26Mar 26 · Buy 11 · Hold 6 · Sell 0Apr 26 · Buy 13 · Hold 7 · Sell 0Apr 26May 26 · Buy 14 · Hold 6 · Sell 0Jun 26 · Buy 13 · Hold 8 · Sell 0Jun 26Jul 26 · Buy 13 · Hold 8 · Sell 0Aug 26 · Buy 14 · Hold 7 · Sell 0Aug 26Sep 26 · Buy 13 · Hold 7 · Sell 0Oct 26 · Buy 13 · Hold 4 · Sell 0Oct 26Nov 26 · Buy 13 · Hold 4 · Sell 0Dec 25 · avg. target $129Jan 26 · avg. target $138Feb 26 · avg. target $139Mar 26 · avg. target $141Apr 26 · avg. target $150May 26 · avg. target $152Jun 26 · avg. target $153Jul 26 · avg. target $156Aug 26 · avg. target $157Sep 26 · avg. target $158Oct 26 · avg. target $156Nov 26 · avg. target $156Dec 25 · month-end close $128Jan 26 · month-end close $131Feb 26 · month-end close $143Mar 26 · month-end close $132Apr 26 · month-end close $142May 26 · month-end close $143Jun 26 · month-end close $135Jul 26 · month-end close $145Aug 26 · month-end close $140Sep 26 · month-end close $130Oct 26 · month-end close $128Nov 26 · month-end close $128

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data · computed Oct 30, 2026 · 94 ratings

Frequently asked questions

Where can I trade PLD perpetual futures?

Prologis (PLD) perpetual futures trade on 2 crypto venues, including BingX, MEXC. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade PLD around the clock?

Yes. Unlike the underlying stock, PLD perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on PLD perpetuals?

Right now the PLD perp funding rate is -5.7% annualized (venue median), ranging from -11.3% to -0.1% across 2 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the PLD perp price compare to the Prologis stock?

The venue-median PLD perp mark is $131.6 versus a reference stock price of $131.7, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a PLD perpetual future?

A PLD perpetual is a derivative that tracks the price of Prologis with no expiry date. It lets you take long or short exposure to Prologis on crypto venues, around the clock.

What is PLDUSDT perpetual?

PLDUSDT is the symbol most crypto exchanges use for the Prologis perpetual settled in USDT (Tether). It tracks the PLD share price through an index, trades 24/7 with leverage and never expires.

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