BMO raises PT on Prologis, Eastgroup on resilient occupancy

EastGroup Properties

17/03/2026 12:44

** BMO lifts PT on real estate investment trusts Prologis PLD.N and Eastgroup Properties EGP.N

** Brokerage says stable occupancy and solid cash income growth should help industrial REITs withstand slower rent growth and support current valuations

** Adds PLD's leasing is slightly ahead of plan, demand remains strong in key regions, and development activity is returning to normal with more speculative projects expected in 2026

** Reiterates "market perform" rating on PLD and "outperform" rating on EGP

** As of last close, YTD Prologis was up 5% and Eastgroup up 6.6%

Company
New PT
Old PT
Upside from the stock's last close
Prologis
$137
$135
3%
Eastgroup Properties
$220
$205
15.8%

 (Reporting by Apratim Sarkar in Bengaluru)

 ((Apratim.Sarkar@thomsonreuters.com))