Kritika Sarmah
2 min read
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San Francisco, California-based Prologis, Inc. (PLD) is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. With a market cap of $97.2 billion, the company leases modern logistics facilities to a diverse base of customers.
The real estate major is set to unveil its Q2 results before the markets open on Wednesday, July 16. Ahead of the event, analysts expect PLD to report a non-GAAP earnings of $1.41 per share, up 5.2% from the profit of $1.34 per share reported in the year-ago quarter. Moreover, the company has surpassed the Street’s bottom-line projections in each of the past four quarters.
For the current year, its earnings are expected to come in at $5.70 per share, up 2.5% from $5.56 per share reported in the year-ago quarter. In fiscal 2026, its earnings are expected to rise 6.1% year-over-year to $6.05 per share.
PLD stock has declined 5.5% over the past 52 weeks, significantly underperforming the Real Estate Select Sector SPDR Fund’s (XLRE) 8.5% gains and the S&P 500 Index’s ($SPX) 12.1% uptick during the same time frame.
On Apr. 16, Prologis stock climbed 1.8% following the release of its Q1 earnings. The company’s revenue increased 8.7% year-over-year to $2.14 billion and exceeded analyst expectations. Moreover, its reported core FFO of $1.42 per share also surpassed the consensus estimates by 2.9%. The company also reported a significant 53.7% increase in net effective rent change, showcasing its strong demand and pricing power in the logistics real estate market.
The consensus opinion on PLD is cautiously optimistic, with a “Moderate Buy” rating overall. Of the 24 analysts covering the stock, opinions include 12 “Strong Buys,” two “Moderate Buys,” eight “Holds,” and two “Strong Sells.” Its mean price target of $118.25 suggests a 13.3% upside potential from current price levels
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
