Citi Returns to Prologis (PLD) with Buy Rating and $145 Target

Prologis, Inc. (NYSE:PLD) is included among the 13 Best REIT Dividend Stocks to Invest in.

On March 6, Citi resumed coverage of Prologis, Inc. (NYSE:PLD) with a Buy rating. The firm set a $145 price target after a period during which its rating had been suspended.

In late February, Janus Henderson portfolio manager Greg Kuhl spoke to CNBC about Prologis. Kuhl manages the firm’s U.S. Real Estate ETF (JRE) and noted that Prologis is the fund’s top holding. He said the company is an industrial REIT that is also building out a data center business. According to Kuhl, the market may be overlooking that expansion. He added that the company’s core logistics business is beginning to improve as demand starts to recover.

Sean Russo of Ritholtz Wealth Management also discussed Prologis in a CNBC report. He said the company dominates industrial real estate with 1.3 billion square feet of logistics facilities across 20 countries, serving about 6,500 customers. Russo noted that the company is moving beyond traditional warehousing and expanding into data centers and renewable energy while paying a roughly 3% dividend. He pointed to the company’s Q4 2025 results, which showed strong leasing momentum. Prologis signed 228 million square feet of leases for the full year, and portfolio occupancy approached 96%.

The company’s 2026 guidance calls for $6.00–$6.20 in FFO per share. Same-store net operating income growth is expected to range between 5.75% and 6.75%. Russo also noted that the company’s data center power pipeline has expanded to 5.7 gigawatts.

Prologis, Inc. (NYSE:PLD) is a fully integrated real estate company. It operates through two segments: Real Estate, which includes rental operations and development, and Strategic Capital. The Real Estate segment focuses on the ownership and development of operating properties.

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