
Prologis (PLD) Stock Forecast & Price Target
Prologis (PLD) Analyst Ratings
Bulls say
Prologis exhibits a positive outlook driven by an anticipated recovery in the industrial real estate market, evidenced by improved customer discussions and a robust leasing pipeline that expanded by 17% year-over-year in January 2025. The company’s development activity is poised for growth, with management increasing its guidance for development starts to approximately $2.5 billion in 2025, in contrast to $1.3 billion in 2024, coupled with potential datacenter developments that could significantly enhance its portfolio. Additionally, the expected increase in essentials FFO contributions to between $0.10 and $0.14 per share in 2025, alongside projected same-store cash net operating income growth of 4.0-5.0%, supports a favorable financial trajectory for Prologis.
Bears say
Prologis's stock faces a negative outlook due to an anticipated decline in same-store net operating income (NOI), primarily driven by a projected drop in occupancy of approximately 130 basis points and compressing lease spreads. This compression is reflected in the mark-to-market expectations, which have decreased from 57% in 4Q23 to an estimated 24% by 2025 as management anticipates stable rent conditions. Additionally, the rising supply of industrial real estate poses further risks, potentially leading to weaker rent growth, lease spreads, and overall occupancy that could diminish the company's financial performance.
This aggregate rating is based on analysts' research of Prologis and is not a guaranteed prediction by Public.com or investment advice.
Prologis (PLD) Analyst Forecast & Price Prediction
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