PREVIEW: Prologis shares dip; results due before the opening bell on Thursday

SEGRO

14/10/2026 20:40

** Prologis PLD.N shares declining 0.6% on Wed ahead of qtrly results due before the opening bell Thurs, with investors focused on leasing demand and updates on its pending acquisition of UK's Segro 
** The real estate investment trust is expected to report qtrly rev of $2.29 bln vs $2.05 bln a yr ago, while adj EPS is seen at $0.81 vs $0.82 a yr ago, per LSEG
** In Jul, the co raised its full-year FFO forecast on strong demand for warehouse leasing and AI infrastructure, and reported record lease signings
** In late Sep, shareholders of British landlord Segro approved Prologis's acquisition, with the deal expected to close in the first half of 2027
** Analyst recommendations on the stock include 12 "strong buy" or "buy" ratings and five "hold" ratings, based on LSEG data
** Wall Street's median 12-mo PT is $159.50; the stock is last at $132.81
** PLD has underperformed the S&P 500 .SPX YTD; Prologis is up 4% for the yr so far, while the S&P 500 is up roughly 13% in that period

(Reporting by Caroline Valetkevitch )
((caroline.valetkevitch@thomsonreuters.com))