PLD vs. WELL: Prologis vs. Welltower Stock Comparison

July 7, 2026

How do Prologis (PLD) and Welltower (WELL) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Prologis (PLD) and Welltower (WELL) both fall under the Equity Real Estate Investment Trusts (REITs) industry group, but PLD is classified in Industrial REITs while WELL is classified in Health Care REITs.

Both Prologis (PLD) and Welltower (WELL) are REITs — read their payout ratios and P/E alongside FFO (funds from operations) rather than at face value.

Company profile comparison for Prologis (PLD) and Welltower (WELL)
Profile Item	PLD	WELL
Name	Prologis Inc.	Welltower Inc.
Country/Region	United States	United States
GICS Sector	Real Estate	Real Estate
GICS Industry Group	Equity Real Estate Investment Trusts (REITs)	Equity Real Estate Investment Trusts (REITs)
GICS Industry	Industrial REITs	Health Care REITs
GICS Sub-Industry	Industrial REITs	Health Care REITs
Market Capitalization	133.76 billion USD	164.26 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	November 21, 1997	March 19, 1980
Security Type	REIT	REIT

Price Performance

Cumulative Growth

PLD

WELL

GSPC

Prologis (PLD) vs. Welltower (WELL), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…

Trailing total returns for Prologis (PLD) and Welltower (WELL). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

Calendar-year total returns for Prologis (PLD) and Welltower (WELL). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Prologis (PLD) and Welltower (WELL)
Metric	PLD	WELL
Total Return (1Y)	34.00%	54.66%
Total Return (3Y, Annualized)	7.85%	45.55%
Total Return (5Y, Annualized)	5.73%	25.32%

Risk Profile

Drawdown History

PLD

WELL

GSPC

Prologis (PLD) vs. Welltower (WELL), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

Loading price history…

Distribution of monthly total returns for Prologis (PLD) and Welltower (WELL). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Prologis (PLD) and Welltower (WELL)
Metric	PLD	WELL
Volatility (1Y, Annualized)	21.98%	22.28%
Beta (5Y)	1.32	0.77
Max Drawdown (5Y)	-43.30%	-40.78%
Avg. Volume (3M)	3.67M	3.41M

Risk-Adjusted Performance

Risk-Return Positioning

PLD and WELL are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Prologis (PLD) and Welltower (WELL)
Metric	PLD	WELL
Sharpe Ratio (1Y)	1.37	2.28
Sortino Ratio (1Y)	2.15	3.45

Profitability

ROE (TTM)

Both Prologis (PLD) at 6.84% and Welltower (WELL) at 3.67% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

PLD

Equity Real Estate Investment Trusts (REITs) industry group

6.84%

Max: 21.85%
Q3: 9.86%
PLD: 6.84%
Median: 5.86%
Q1: 1.38%
Min: -9.66%

WELL

Equity Real Estate Investment Trusts (REITs) industry group

3.67%

Max: 21.85%
Q3: 9.86%
Median: 5.86%
WELL: 3.67%
Q1: 1.38%
Min: -9.66%

Prologis (PLD) vs. Welltower (WELL): A comparison of their ROE against the Equity Real Estate Investment Trusts (REITs) industry group benchmark.

Net Margin (TTM)

Neither Prologis (PLD) in Equity Real Estate Investment Trusts (REITs) nor Welltower (WELL) in Equity Real Estate Investment Trusts (REITs) is well served by net margin: heavy depreciation makes net income a poor profitability proxy in their businesses, where FFO-based measures are the standard read.

Operating Margin (TTM)

Neither side reports a meaningful operating margin: for Prologis (PLD) in Equity Real Estate Investment Trusts (REITs) and Welltower (WELL) in Equity Real Estate Investment Trusts (REITs), funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.

Profitability Metrics

Profitability metrics for Prologis (PLD) and Welltower (WELL)
Metric	PLD	WELL
ROE (TTM)	6.84%	3.67%
ROA (TTM)	2.48%	0.74%
Net Margin (TTM)	--	--
Operating Margin (TTM)	--	--
Gross Margin (TTM)	--	--

Growth

Revenue Growth

Prologis (PLD) vs. Welltower (WELL): A comparison of their Revenue Growth across different time periods.

Revenue Growth Metrics

Revenue growth metrics for Prologis (PLD) and Welltower (WELL)
Metric	PLD	WELL
Revenue Growth (YoY)	7.18%	35.82%
Revenue Growth (3Y CAGR)	13.74%	22.69%

EPS Growth

Prologis (PLD) vs. Welltower (WELL): A comparison of their EPS Growth across different time periods.

EPS Growth Metrics

EPS growth metrics for Prologis (PLD) and Welltower (WELL)
Metric	PLD	WELL
EPS Growth (YoY)	--	--
EPS Growth (3Y CAGR)	--	--

Financial Strength

Current Ratio (MRQ)

Both Prologis (PLD) at 0.53 and Welltower (WELL) at 1.65 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

PLD

Equity Real Estate Investment Trusts (REITs) industry group

0.53

Max: 4.00
Q3: 1.93
Median: 0.98
PLD: 0.53
Q1: 0.46
Min: 0.08

WELL

Equity Real Estate Investment Trusts (REITs) industry group

1.65

Max: 4.00
Q3: 1.93
WELL: 1.65
Median: 0.98
Q1: 0.46
Min: 0.08

Prologis (PLD) vs. Welltower (WELL): A comparison of their current ratio against the Equity Real Estate Investment Trusts (REITs) industry group benchmark.

Debt / Equity (MRQ)

Both Prologis (PLD) at 0.61 and Welltower (WELL) at 0.44 keep leverage in the lower quartile of their industries, with less balance-sheet debt relative to equity than most peers.

PLD

Equity Real Estate Investment Trusts (REITs) industry group

0.61

Max: 2.53
Q3: 1.51
Median: 1.04
Q1: 0.77
PLD: 0.61
Min: 0.19

WELL

Equity Real Estate Investment Trusts (REITs) industry group

0.44

Max: 2.53
Q3: 1.51
Median: 1.04
Q1: 0.77
WELL: 0.44
Min: 0.19

Prologis (PLD) vs. Welltower (WELL): A comparison of their debt-to-equity ratio against the Equity Real Estate Investment Trusts (REITs) industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Prologis (PLD) and Welltower (WELL)
Metric	PLD	WELL
Current Ratio (MRQ)	0.53	1.65
Debt / Equity (MRQ)	0.61	0.44
Net Debt / EBITDA	5.25	5.11

Dividends

Dividend Yield (TTM)

Both Prologis (PLD) at 2.94% and Welltower (WELL) at 1.25% offer bottom-quartile dividend income relative to share price versus industry peers.

PLD

Equity Real Estate Investment Trusts (REITs) industry group

2.94%

Max: 8.88%
Q3: 5.56%
Median: 4.01%
Q1: 3.15%
PLD: 2.94%
Min: 0.00%

WELL

Equity Real Estate Investment Trusts (REITs) industry group

1.25%

Max: 8.88%
Q3: 5.56%
Median: 4.01%
Q1: 3.15%
WELL: 1.25%
Min: 0.00%

Prologis (PLD) vs. Welltower (WELL): A comparison of their dividend yield against the Equity Real Estate Investment Trusts (REITs) industry group benchmark.

Dividend Payout Ratio (TTM)

An earnings-based payout ratio fits neither Prologis (PLD) in Equity Real Estate Investment Trusts (REITs) nor Welltower (WELL) in Equity Real Estate Investment Trusts (REITs): their distributions are mandated and conventionally measured against FFO, so the accounting-earnings ratio overstates both.

Dividend Metrics

Dividend metrics for Prologis (PLD) and Welltower (WELL)
Metric	PLD	WELL
Dividend Yield (TTM)	2.94%	1.25%
Dividend Payout Ratio (TTM)	--	--

Valuation

P/E Ratio (TTM)

P/E ratio is not a meaningful valuation yardstick for either Prologis (PLD) in Equity Real Estate Investment Trusts (REITs) or Welltower (WELL) in Equity Real Estate Investment Trusts (REITs): depreciation suppresses reported earnings in their businesses, and price-to-FFO is the conventional yardstick instead.

P/S Ratio (TTM)

Both Prologis (PLD) at 14.27 and Welltower (WELL) at 13.96 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.

PLD

Equity Real Estate Investment Trusts (REITs) industry group

14.27

Max: 15.51
PLD: 14.27
Q3: 8.88
Median: 6.59
Q1: 3.75
Min: 0.82

WELL

Equity Real Estate Investment Trusts (REITs) industry group

13.96

Max: 15.51
WELL: 13.96
Q3: 8.88
Median: 6.59
Q1: 3.75
Min: 0.82

Prologis (PLD) vs. Welltower (WELL): A comparison of their P/S ratio against the Equity Real Estate Investment Trusts (REITs) industry group benchmark.

P/B Ratio (MRQ)

Prologis (PLD) at 2.45 is valued about in line with its industry on P/B ratio, while Welltower (WELL) at 3.74 carries an above-peer premium to book — WELL is pricier on assets.

PLD

Equity Real Estate Investment Trusts (REITs) industry group

2.45

Max: 4.82
Q3: 2.67
PLD: 2.45
Median: 1.78
Q1: 1.20
Min: 0.35

WELL

Equity Real Estate Investment Trusts (REITs) industry group

3.74

Max: 4.82
WELL: 3.74
Q3: 2.67
Median: 1.78
Q1: 1.20
Min: 0.35

Prologis (PLD) vs. Welltower (WELL): A comparison of their P/B ratio against the Equity Real Estate Investment Trusts (REITs) industry group benchmark.

Valuation Metrics

Valuation metrics for Prologis (PLD) and Welltower (WELL)
Metric	PLD	WELL
P/E Ratio (TTM)	--	--
P/S Ratio (TTM)	14.27	13.96
P/B Ratio (MRQ)	2.45	3.74
Free Cash Flow Yield (TTM)	--	--