Prologis (PLD) to Report Q4 Earnings with 5% Revenue Decline Expected

Written by Emily J. Thompson, Senior Investment Analyst

PLD-1.8%

Source: seekingalpha

Updated: 11h ago

0mins

Source: seekingalpha

Earnings Announcement: Prologis is set to announce its Q4 earnings on January 21 before market open, with a consensus FFO estimate of $1.44 indicating potential profitability challenges amid economic slowdown.
Revenue Forecast: Analysts predict Prologis will report Q4 revenues of $2.09 billion, reflecting a 5% year-over-year decline, which signals challenges in the logistics sector and weakening market demand.
Rating Changes: Despite Prologis's strong market position, recent downgrades by analysts suggest concerns over its future growth potential, particularly when compared to competitors like Segro.
Investor Sentiment: The Saudi sovereign wealth fund's reduction in U.S. stock holdings may impact Prologis's market performance, prompting investors to monitor external economic factors that could affect its earnings.

PLD

$130.81+Infinity%1D

Analyst Views on PLD

Wall Street analysts forecast PLD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PLD is 134.77 USD with a low forecast of 118.00 USD and a high forecast of 155.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

14 Analyst Rating

9 Buy

5 Hold

0 Sell

Moderate Buy

Current: 133.210

Low

118.00

Averages

134.77

High

155.00

Current: 133.210

Low

118.00

Averages

134.77

High

155.00

Truist

Ki Bin Kim

Buy

maintain

$131 -> $142

Al Analysis

2026-01-20

New

Reason

Truist

Ki Bin Kim

Price Target

$131 -> $142

Al Analysis

2026-01-20

New

maintain

Buy

Reason

Truist analyst Ki Bin Kim raised the firm's price target on Prologis to $142 from $131 and keeps a Buy rating on the shares. The firm adjusted ratings and targets in the real estate investment trust group as part of its 2026 outlook. Truist remains Neutral on REITs for 2026, saying fundamentals are improving as new supply slows and demand appears steady for high-quality assets. However, the stocks do not appear particularly cheap, the analyst tells investors in a research note. Truist is relatively bullish on healthcare, industrial, strip retail, gaming and lodging REITs, neutral on manufactured housing, multifamily, self-storage and triple net, and relatively cautious on mall and office.

Morgan Stanley

Ronald Kamdem

Overweight -> Equal Weight

downgrade

$120 -> $135

2026-01-16

New

Reason

Morgan Stanley

Ronald Kamdem

Price Target

$120 -> $135

2026-01-16

New

downgrade

Overweight -> Equal Weight

Reason

Morgan Stanley analyst Ronald Kamdem downgraded Prologis to Equal Weight from Overweight with a price target of $135, up from $120. The firm is raising its price target on a higher multiple and higher earnings growth from improving leasing demand, but downgrading shares on valuation, the analyst tells investors.

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Baird

Nicholas Thillman

Outperform -> Neutral

downgrade

$128 -> $130

2026-01-08

Reason

Baird

Nicholas Thillman

Price Target

$128 -> $130

2026-01-08

downgrade

Outperform -> Neutral

Reason

Baird analyst Nicholas Thillman downgraded Prologis to Neutral from Outperform with a price target of $130, up from $128. The firm says that with stock valuations reflecting anticipated fundamental improvements, the industrial real estate sector's risk/reward appears balanced. As such, it moved to an Market Weight from Overweight sector position. Baird cites valuation for the downgrade of Prologis. With the stock's current multiples above pre-2020 levels despite a slower growth outlook, it is "hard to imagine further multiple expansion without a meaningful lift in the near-term market rent growth picture," the firm says.

UBS

Buy

maintain

$137 -> $144

2026-01-08

Reason

UBS

Price Target

$137 -> $144

2026-01-08

maintain

Buy

Reason

UBS raised the firm's price target on Prologis to $144 from $137 and keeps a Buy rating on the shares. 2026 is expected to mark a pivotal REIT turnaround, with forecast total returns of 9%-11% driven by improving macro conditions, attractive valuations, easing supply pressures, and a more stable political backdrop, the analyst tells investors in a research note. The outlook points to a bifurcated year with defensiveness in the first half of 2026 and stronger catalysts in the second half, favoring Healthcare, Shopping Centers, and Coastal Apartments, UBS says.

About PLD

Prologis, Inc. is a fully integrated real estate company. The Company operates through two segments: Real Estate (Rental Operations and Development) and Strategic Capital. Its Real Estate Segment represents the ownership and development of operating properties. The Real Estate Segment also includes development activities that lead to rental operations, including land held for development and properties under development, and other real estate investments, including renewable energy assets. Strategic Capital Segment represents the management of unconsolidated co-investment ventures. The Company is the general partner of Prologis, L.P. (the Operating Partnership or OP). Through the OP, it is engaged in the ownership, acquisition, development and management of logistics facilities with a focus on key markets in approximately 20 countries on four continents. It operates, manages and measures the operating performance of its properties on an owned and managed (O&M) basis.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.