Prologis shares dip; results due before the opening bell on Thursday
PLD•Prologis shares fell 0.6% Wednesday ahead of quarterly results due before Thursday’s opening bell. Analysts expect revenue of $2.29 billion, up from $2.05 billion a year earlier, and adjusted EPS of $0.81 versus $0.82.
1. Results and focus
Investors are focused on leasing demand and updates on Prologis’s pending acquisition of U.K. landlord Segro. In July, Prologis raised its full-year FFO forecast on strong warehouse leasing demand and AI infrastructure, and reported record lease signings.
2. Segro deal and estimates
Segro shareholders approved the acquisition in late September, and the deal is expected to close in the first half of 2027. Analyst recommendations include 12 “strong buy” or “buy” ratings and five “hold” ratings. Wall Street’s median 12-month price target is $159.50; Prologis shares were last at $132.81.
3. Year-to-date performance
Prologis is up 4% so far this year, compared with an approximately 13% gain for the S&P 500.
