PLD - Prologis Inc

NYSE · Real Estate · REIT—Industrial

$145.10

Market Closed

End of day · Apr 17, 2026, 12:00 AM

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Bull

Bear

About

Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2022, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.2 billion square feet (113 million square meters) in 19 countries. Prologis leases modern logistics facilities to a diverse base of approximately 6,600 customers principally across two major categories: business-to-business and retail/online fulfillment.

https://www.prologis.com

PLD - Prologis Inc

Real Estate

PLD has had quite a run in the past year, grinding up from sub-100 lows last spring to hitting above 140 just a few weeks ago before pulling back to the 128 range. I think this is a textbook example of a quality REIT with a temporary overhang that’s masking its longer-term value. The logistics real estate space still has significant tailwinds even post-ecommerce boom, and Prologis is the category killer with scale no one else can match. What makes me bullish here is the way PLD has been methodically growing funds from operations, not just by acquiring assets but through organic rent escalations. Their tenants are locked into long contracts, and with industrial space in high demand, renewals keep coming in at higher rates. The integration of recent acquisitions like Duke Realty is still playing out, but early numbers suggest synergies are coming in better than management guided initially. That gives me confidence in steady cash flow compounding ahead. The one risk I’m watching is interest rates. If we get a surprise reacceleration of inflation or rates stay higher for longer, cap rates could move up and put some pressure on asset values. But PLD's balance sheet is in better shape than most low leverage, lots of fixed-rate debt, and ample liquidity give them room to maneuver even in a tougher macro. The next quarterly results will be a catalyst, especially any updated guidance on rent growth and occupancy. If they reaffirm or lift outlook, I see this moving back to 152.34 over the next two months as the market refocuses on fundamentals over macro noise. At current levels, I think the risk-reward is skewed in favor of patient investors.

Entry

$128.01

Above

$152.34

May 15, 2026

Karma

125 to 17562

Bullish

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