BUZZ - Preview: Prologis stock drops; earnings report to be released before market open on Thursday

October 14 - ** Prologis (PLD.N) shares fell 0.6% on Wednesday. The company will release its quarterly earnings before the market opens on Thursday, with investors currently focused on leasing demand and the latest progress of its ongoing acquisition of UK-based Segro.

** According to data from London Stock Exchange Group (LSEG), this real estate investment trust is expected to report quarterly revenue of $2.29 billion, compared to $2.05 billion in the same period last year; adjusted earnings per share are projected to reach $0.81, compared with $0.82 last year.

** In July, driven by strong demand for warehouse leasing and artificial intelligence infrastructure, the company raised (link) its full-year funds from operations (FFO) outlook and reported record-breaking leasing contract volumes.

** In late September, shareholders of UK real estate company Segro approved (link) the acquisition by Prologis, and the deal is expected to be closed in the first half of 2027.

** According to LSEG data, analysts’ ratings on the stock include 12 “strong buy” or “buy” ratings, and 5 “hold” ratings.

** The median 12-month price target for the stock on Wall Street is $159.50; the latest closing price was $132.81.

** So far this year, PLD has underperformed the S&P 500 Index .SPX; Prologis is up 4% year-to-date, while the S&P 500 Index has gained about 13% over the same period.

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