
Prologis (PLD) Stock Forecast & Price Target
Prologis (PLD) Analyst Ratings
Bulls say
Prologis is experiencing a positive shift in the industrial market, with improved customer discussions and a 17% year-over-year expansion in the leasing pipeline, indicating a strengthening demand for logistics facilities. The company has set ambitious development start guidance of approximately $2.5 billion for 2025, up from $1.3 billion in 2024, and plans to pursue additional data center developments, signaling robust growth potential. Furthermore, the increase in essentials FFO contributions to $0.10-0.14 per share in 2025, coupled with anticipated organic growth and an upward revision in the net asset value estimate, supports a favorable financial outlook for Prologis.
Bears say
Prologis is experiencing a negative outlook primarily due to a projected decline in same-store net operating income (NOI) growth, attributed to a decrease in occupancy levels and lower rental spreads. Management has forecasted an occupancy drop of approximately 130 basis points, which has led to a significant compression in the mark-to-market metrics—from 57% in 4Q23 to an estimated 24% in 2025. Additionally, rising industrial supply poses a further risk, suggesting that weakened demand for industrial real estate coupled with elevated supply deliveries could adversely impact rent growth, lease spreads, and occupancy rates.
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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