Prologis (PLD): Strengthening Competitive Edge in High-Growth Industrial Markets

Prologis, Inc. (NYSE:PLD) is one of Goldman Sachs’ top REIT stock picks. On January 26, Truist Securities reiterated a Buy rating on Prologis, Inc. (NYSE:PLD) but cut the price target to $139 from $142. The price target cut follows small downward adjustments to the research firm’s 2026 and 2027 normalized funds from operations estimates for the company. Nevertheless, the research firm expects the REIT to deliver robust earnings growth, with its 2027 normalized FFO coming in above consensus estimates.

Earlier on January 23, TheFly reported that Freedom Capital Markets downgraded the stock to a Hold from a Buy but increased the price target to $138 from $134. The research firm has touted the company’s stable financial and operational performance, which affirms the strength of the business model and the high-quality portfolio. Management guidance already signals moderate growth, as a shortage of new supply supports strengthening the company’s competitive edge.

On January 21, Prologis delivered mixed fourth-quarter and full-year 2025 results . Net earnings per diluted share came in at $1.49 in the fourth quarter, an improvement from $1.37 a year ago, same quarter. Full-year earnings dropped to $3.56 a share compared to $4.01 in 2024.

“2025 was a record year for lease signings, setting the business up with strong momentum for 2026,” said Daniel S. Letter, chief executive officer of Prologis. “Customers are making long-term decisions with greater conviction, and we are meeting that demand with a platform that brings logistics, digital infrastructure and energy together at a global scale.”

Prologis, Inc. (NYSE:PLD) is the global leader in logistics real estate, specializing in owning, operating, and developing high-quality, modern warehouses and distribution facilities. It focuses on high-barrier, high-growth markets, serving over 6,500 customers across retail, e-commerce, and logistics sectors, managing roughly 1.3 billion square feet of industrial space globally.

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Disclosure: None. This article is originally published at Insider Monkey.