Prologis
Prologis returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
The reported inputs required for this metric are unavailable in the extracted statements for this period.
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | — | — | — | 7.9% | 4.32% | — |
| FY 2026 Q1 | Mar 31, 2026 | 4.91% | — | 3.77% | 6.94% | 3.91% | -2.8 pp |
| FY 2025 Q4 | Dec 31, 2025 | 4.58% | — | -3.31% | 6.2% | 3.43% | -3.1 pp |
| FY 2025 Q3 | Sep 30, 2025 | 4.34% | — | 11.15% | 6.06% | 3.37% | -3.4 pp |
| FY 2025 Q2 | Jun 30, 2025 | 4.8% | — | 27.43% | 6.49% | 3.67% | -2.9 pp |
| FY 2025 Q1 | Mar 31, 2025 | 4.96% | — | 26.85% | 7% | 4.02% | -2.7 pp |
| FY 2024 Q4 | Dec 31, 2024 | 4.86% | — | 40.07% | 6.96% | 3.96% | -2.8 pp |
| FY 2024 Q3 | Sep 30, 2024 | 4.22% | — | 4.28% | 5.77% | 3.33% | -3.5 pp |
| FY 2024 Q2 | Jun 30, 2024 | 3.78% | — | -17.86% | 5.28% | 3.09% | -3.9 pp |
| FY 2024 Q1 | Mar 31, 2024 | 4.29% | — | 19.21% | 5.99% | 3.55% | -3.4 pp |
| FY 2023 Q4 | Dec 31, 2023 | 4.15% | — | 2.93% | 5.74% | 3.38% | -3.5 pp |
| FY 2023 Q3 | Sep 30, 2023 | 4.92% | — | -0.8% | 6.77% | 3.99% | -2.8 pp |
| FY 2023 Q2 | Jun 30, 2023 | 4.99% | — | -0.02% | 7.45% | 4.36% | -2.7 pp |
| FY 2023 Q1 | Mar 31, 2023 | 3.95% | — | -3.7% | 6.14% | 3.66% | -3.7 pp |
| FY 2022 Q4 | Dec 31, 2022 | 4.9% | — | 1.14% | 7.75% | 4.6% | -2.8 pp |
| FY 2022 Q3 | Sep 30, 2022 | 6.74% | — | 37.6% | 11.86% | 6.91% | -1 pp |
| FY 2022 Q2 | Jun 30, 2022 | 6.5% | — | 39.89% | 11.18% | 6.52% | -1.2 pp |
| FY 2022 Q1 | Mar 31, 2022 | 6.93% | — | 62.83% | 11.23% | 6.54% | -0.8 pp |
| FY 2021 Q4 | Dec 31, 2021 | 5.65% | — | 46.36% | 8.97% | 5.13% | -2 pp |
| FY 2021 Q3 | Sep 30, 2021 | 4.36% | — | 18.56% | 6.09% | 3.55% | -3.3 pp |
| FY 2021 Q2 | Jun 30, 2021 | 4.03% | — | 11.86% | 4.8% | 2.83% | -3.7 pp |
| FY 2021 Q1 | Mar 31, 2021 | 3.88% | — | 29.05% | 4.2% | 2.5% | -3.8 pp |
| FY 2020 Q4 | Dec 31, 2020 | 4.38% | — | 1.2% | 5.39% | 3.08% | -3.3 pp |
| FY 2020 Q3 | Sep 30, 2020 | 4.67% | — | 3.74% | 5.78% | 3.42% | -3 pp |
| FY 2020 Q2 | Jun 30, 2020 | 4.52% | — | 5.15% | 6.34% | 3.78% | -3.2 pp |
| FY 2020 Q1 | Mar 31, 2020 | 4.21% | — | 5.82% | 6.26% | 3.76% | -3.5 pp |
| FY 2019 Q4 | Dec 31, 2019 | 4.83% | — | 278.87% | 6.97% | 4.01% | -2.9 pp |
| FY 2019 Q3 | Sep 30, 2019 | 4.06% | — | — | 7.98% | 4.83% | -3.6 pp |
| FY 2019 Q2 | Jun 30, 2019 | 3.73% | — | 5.26% | 8.82% | 5.2% | -4 pp |
| FY 2019 Q1 | Mar 31, 2019 | 2.98% | — | 1.58% | 8.55% | 5.06% | -4.7 pp |
| FY 2018 Q4 | Dec 31, 2018 | 2.55% | — | 0.8% | 8.67% | 4.86% | -5.2 pp |
| FY 2018 Q3 | Sep 30, 2018 | 2.3% | — | -0.2% | 7.15% | 4.09% | -5.4 pp |
| FY 2018 Q2 | Jun 30, 2018 | 2.61% | — | — | 12.28% | 6.44% | -5.1 pp |
| FY 2018 Q1 | Mar 31, 2018 | 2.93% | — | — | 11.86% | 6.23% | -4.8 pp |
| FY 2017 Q4 | Dec 31, 2017 | 2.67% | — | — | 10.72% | 5.53% | -5 pp |
| FY 2017 Q3 | Sep 30, 2017 | 2.65% | — | — | 11.78% | 5.93% | -5.1 pp |
| FY 2017 Q2 | Jun 30, 2017 | 2.76% | — | — | 8.05% | 3.93% | -4.9 pp |
| FY 2017 Q1 | Mar 31, 2017 | 2.33% | — | — | 8.16% | 3.94% | -5.4 pp |
| FY 2016 Q4 | Dec 31, 2016 | 2.21% | — | — | 8.11% | 3.93% | -5.5 pp |
| FY 2016 Q3 | Sep 30, 2016 | 1.99% | — | — | 5.99% | 2.85% | -5.7 pp |
| FY 2016 Q2 | Jun 30, 2016 | 1.56% | — | — | 5.85% | 2.78% | -6.1 pp |
| FY 2016 Q1 | Mar 31, 2016 | 1.51% | — | 1.5% | 4.96% | 2.58% | -6.2 pp |
| FY 2015 Q4 | Dec 31, 2015 | 1.37% | — | 1.12% | 6.02% | 3.04% | -6.3 pp |
| FY 2015 Q3 | Sep 30, 2015 | 1.26% | — | — | 8.21% | 4.18% | -6.4 pp |
| FY 2015 Q2 | Jun 30, 2015 | 1.19% | — | 0.82% | 7.29% | 3.72% | -6.5 pp |
| FY 2015 Q1 | Mar 31, 2015 | 1.37% | — | — | 6.83% | 3.9% | -6.3 pp |
| FY 2014 Q4 | Dec 31, 2014 | 1.31% | — | 6.63% | 4.49% | 2.53% | -6.4 pp |
| FY 2014 Q3 | Sep 30, 2014 | — | — | — | 2.01% | 1.18% | — |
| FY 2014 Q2 | Jun 30, 2014 | 1.12% | — | — | 0.94% | 0.6% | -6.6 pp |
| FY 2014 Q1 | Mar 31, 2014 | — | — | — | 0.42% | 0.27% | — |
| FY 2013 Q4 | Dec 31, 2013 | 0.86% | — | — | 2.36% | 1.32% | -6.8 pp |
| FY 2013 Q3 | Sep 30, 2013 | — | — | — | 0.2% | 0.24% | — |
| FY 2013 Q2 | Jun 30, 2013 | — | — | — | -0.08% | 0.12% | — |
| FY 2013 Q1 | Mar 31, 2013 | 0.05% | — | — | -0.14% | 0.12% | -7.6 pp |
| FY 2012 Q4 | Dec 31, 2012 | — | — | — | -0.61% | -0.14% | — |
| FY 2012 Q3 | Sep 30, 2012 | — | — | — | 0.75% | 0.5% | — |
| FY 2012 Q2 | Jun 30, 2012 | 1.22% | — | — | 1.47% | 0.85% | -6.5 pp |
| FY 2012 Q1 | Mar 31, 2012 | — | — | — | — | — | — |
| FY 2011 Q4 | Dec 31, 2011 | — | — | — | — | — | — |
| FY 2011 Q3 | Sep 30, 2011 | — | — | — | — | — | — |
| FY 2011 Q2 | Jun 30, 2011 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · PLD, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.