Does Prologis Generate Enough Cash Flows?

Prologis, a large-cap Industrial Real Estate Investment Trust company, moved 1.4 during today's afternoon session. The company's business is fundamentally profitable, as its average operating margins stand at 36.4%. Here is the full picture of its operating margins:

Date Reported Total Revenue ($) Operating Expenses ($) Operating Margins (%) YoY Growth (%)
2021-12-31 5,163,695,000.0 3,142,031,000.0 39.15 9.11
2020-12-31 4,736,105,000.0 3,036,928,000.0 35.88 6.28
2019-12-31 3,530,799,000.0 2,338,673,000.0 33.76 -8.53
2018-12-31 3,102,709,000.0 1,957,447,000.0 36.91 n/a

In comparison, we see its free cash flow levels over the last four years:

Date Reported Cash Flow from Operations ($) Capital expenditures ($) Free Cash Flow ($) YoY Growth (%)
2021-12-31 2,996,042,000.0 n/a 2,996,042,000.0 2.01
2020-12-31 2,937,005,000.0 n/a 2,937,005,000.0 29.72
2019-12-31 2,264,034,000.0 n/a 2,264,034,000.0 25.53
2018-12-31 1,803,559,000.0 n/a 1,803,559,000.0 n/a

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The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.