Update shared on16 Sep 2025
Fair value Increased 0.042%Prologis’ consensus price target saw a marginal upward revision to $120.00, as analysts cited improving industrial demand, robust development activity, and optimistic mark-to-market expectations offset by lingering concerns about leasing softness and sector-wide adjustments.
Analyst Commentary
- Bullish analysts highlight stronger-than-expected industrial demand trends, healthy mark-to-market expectations, and stronger development activity following robust Q2 results.
- Upward revisions to 2026-2027 FFOPS estimates reflect improved occupancy, limited downside risk, and greater optimism after conversations with brokers and landlords.
- Macro environment is expected to become more supportive for industrial REITs over the next six months, and Prologis trades at a discount to peers after recent underperformance.
- Recent price target increases stem from conservative initial outlooks, solid Q1 results, and expectations that these should buffer negative estimate changes, though concerns remain around the duration of leasing softness.
- Bearish analysts cite trade policy uncertainty and broader group-level sector model adjustments as reasons for marginal price target reductions.
What's in the News
- Prologis Mobility and EV Realty are collaborating to create a unified charging network for commercial EV fleets across key California freight corridors, streamlining access and software for operators with first hubs opening in Vernon and San Bernardino.
- No share repurchases occurred from April to June; total buyback to date stands at 539,000 shares for $34.85 million, representing 0.07% of shares under the longstanding program.
- Prologis was added to the Russell 1000 Defensive Index.
- Prologis was also added to the Russell 1000 Value-Defensive Index.
Valuation Changes
Summary of Valuation Changes for Prologis
- The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from $119.95 to $120.00.
- The Future P/E for Prologis remained effectively unchanged, moving only marginally from 40.77x to 40.05x.
- The Discount Rate for Prologis remained effectively unchanged, at 8.33%.
Disclaimer
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