Prologis Buy Rating Resumed with $145 Target and 2026 FFO Guidance
Citi resumed coverage of Prologis with a Buy rating and set a $145 price target, reflecting confidence in recovering logistics demand and data center expansion. Prologis reported full-year leasing of 228 million square feet, 96% occupancy and 2026 guidance of $6.00–$6.20 FFO per share with 5.75%–6.75% same-store NOI growth.
1. Citi Restores Coverage and Price Target
Citi resumed coverage of Prologis with a Buy rating and assigned a $145 price target after suspending its rating earlier, signaling renewed confidence in the company's market position and growth prospects.
2. Leasing Momentum and Occupancy
Prologis signed leases totaling 228 million square feet in 2025, driving portfolio occupancy to approximately 96%, underpinned by recovering demand for industrial logistics facilities across its global network.
3. Growth Drivers and 2026 Guidance
The company forecasts 2026 FFO per share of $6.00–$6.20 and anticipates same-store net operating income growth of 5.75%–6.75%, supported by its expanding data center power pipeline, which has reached 5.7 gigawatts.