Prologis to Redeem 3% Notes, Estimated Payment at 102.1% of Principal
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
Updated: 11 hour ago0mins
- Bond Redemption Announcement: Prologis, L.P. announced the redemption of all outstanding 3.00% Notes due June 2, 2026, on January 9, 2026, with an estimated redemption price of 102.1% of principal, resulting in approximately €1,021 per €1,000 principal, significantly impacting the company's liquidity.
- Market Reaction Anticipation: The redemption will lead to the delisting of the bonds from the New York Stock Exchange, which may affect liquidity in the short term but is expected to optimize capital structure and reduce future interest burdens in the long run.
- Interest Cessation: Interest on the bonds will cease to accrue after the redemption date, meaning the company will reduce future interest expenses, thereby enhancing financial flexibility and boosting investor confidence.
- Strategic Financial Management: Through this bond redemption, Prologis demonstrates proactivity in capital management, aiming to strengthen its competitive position in the logistics industry by lowering debt costs and further solidifying its market leadership.
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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 128.90 USD with a low forecast of 116.00 USD and a high forecast of 144.00 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.
12 Analyst Rating
8 Buy
4 Hold
0 Sell
Moderate Buy
Current: 128.180
Low
116.00
Averages
128.90
High
144.00
Current: 128.180
Low
116.00
Averages
128.90
High
144.00
Mizuho
Outperform
maintain
$118 -> $138
2025-12-04
New
Reason
Mizuho
Price Target
$118 -> $138
2025-12-04
New
maintain
Outperform
Reason
Mizuho raised the firm's price target on Prologis to $138 from $118 and keeps an Outperform rating on the shares. While the "easy money has been made" in industrial real estate investment trusts in fiscal 2025, the REIT subsector should at least produce "average" returns in 2026, the analyst tells investors in a research note. Mizuho sees more upside and takes a slightly more offensive stance heading into next year.
BofA
Samir Khanal
Buy
maintain
$137 -> $144
2025-11-17
Reason
BofA
Samir Khanal
Price Target
$137 -> $144
2025-11-17
maintain
Buy
Reason
BofA analyst Samir Khanal raised the firm's price target on Prologis to $144 from $137 and keeps a Buy rating on the shares. While stock performance did not reflect it, Q3 earnings season was "strong" for U.S. REITs as 69% of REITs beat the Street, the analyst tells investors in a note on the group.
Scotiabank
Sector Perform
maintain
$127 -> $133
2025-11-10
Reason
Scotiabank
Price Target
$127 -> $133
2025-11-10
maintain
Sector Perform
Reason
Scotiabank raised the firm's price target on Prologis to $133 from $127 and keeps a Sector Perform rating on the shares. The firm is updating its price targets for U.S. Industrial REITs under its coverage following Q3 results, the analyst tells investors. The firm is "incrementally" more positive on the subsector given healthy leasing as well as improvement in management tone and investor sentiment.
BMO Capital
John Kim
Underperform
to
Market Perform
upgrade
$119
2025-10-20
Reason
BMO Capital
John Kim
Price Target
$119
2025-10-20
upgrade
Underperform
to
Market Perform
Reason
BMO Capital analyst John Kim upgraded Prologis to Market Perform from Underperform with a $119 price target. Amid its strategic shift on data centers, BMO Capital is encouraged that the company will likely have a recurring-income business leveraged to AI demand, the analyst tells investors in a research note.
See All Ratings
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
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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.
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