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Truist keeps Buy rating on Prologis despite 2025 guide slight miss
The Fly

Truist keeps Buy rating on Prologis despite 2025 guide slight miss

Truist notes that Prologis (PLD) introduced 2025 Core FFO/share guidance of $5.73, which is below the consensus and the firm’s $5.78 estimate. The miss appears to be mainly due to lower average occupancy expectations, the firm adds. While supply/demand challenges persist in the broader industrial sector, the company’s core operations were relatively positive, argues Truist. Overall, it estimates that supply/demand balance achieves more favorable equilibrium in late 2025/ 2026, all else equal. The firm continues to believe that Prologis will remain a multiyear compound growth story with a very strong balance sheet, but in the near-term it does think fundamentals will remain challenged. Truist has a Buy rating on the shares with a price target

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