Prologis Lifts 2026 Outlook, Pours $5B Into AI Data Centers
PLD sits 46% above its 52-week low of $103.41.
Summary
Prologis raised its 2026 EPS guidance to $4.40–$4.55 and Core FFO to $6.22–$6.30, signaling confidence in demand from Amazon, Home Depot, FedEx, and UPS. The company plans $4.5–$5.5 billion in development starts this year, up from $3.1 billion, with about 40% targeting AI-focused data centers. This follows a strong Q2 where net earnings nearly doubled to $1.06 billion. The raised outlook and data center pivot come amid the ongoing pursuit of UK rival Segro, which rejected a third takeover bid valued at £13.5 billion. Mizuho lifted its price target to $159, reflecting the improved growth trajectory.
At the time of this announcement, PLD was trading at $150.50 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $142.6B. The 52-week trading range was $103.41 to $153.35. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.