Prologis Shares Dip
Prologis shares fell about 2.3% in the past day and 8.3% over the past month, trading near $128.01 versus a fair-value estimate of $141.80—implying roughly 10% upside for investors. Analysts still view logistics REITs as structurally attractive despite near-term price weakness. (simplywall.st)
Morgan Stanley downgraded Prologis from Overweight to Equalweight on Jan. 16 while raising its price target to $135, a move investors cited when re-pricing the stock this quarter. (investing.com) Prologis’s reported P/E sits in the mid‑30s, well above the Global Industrial REITs average of roughly 17x, a premium valuation highlighted by recent equity screens. (simplywall.st) Street consensus price targets cluster around the mid‑$130s with the analyst range running roughly $117 at the low end to $157 at the high end, leaving modest upside in the mean forecast. (marketbeat.com) Prologis reported Core FFO of $1.44 per diluted share in Q4 and $5.81 for full‑year 2025, and the company disclosed it signed a record 228 million square feet of leases during calendar 2025. (ir.prologis.com) The company ended Q4 with period‑end occupancy of 95.8%, disclosed a net effective rent change of 43.8% on reported leases, and showed cash same‑store NOI growth of 5.7% for the quarter. (ir.prologis.com) Prologis closed, together with its co‑investment ventures, about $3.0 billion of debt at a weighted average interest rate of 3.1% and reported total available liquidity near $7.6 billion while noting roughly $1.02 billion of development starts in the quarter. (ir.prologis.com) Investors will get a fresh catalyst on April 16, 2026 when Prologis hosts its Q1 2026 earnings webcast and conference call at 9:00 a.m. PT / 12:00 p.m. ET, a date flagged across the company’s IR calendar. (ir.prologis.com) Industry research notes constrained new industrial development and occupiers prioritizing strategic, well‑located logistics assets—factors analysts cite as supportive of long‑term fundamentals even amid near‑term valuation repricing. (pwc.com)
