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Prologis rises after Scotiabank upgrades to 'sector outperform'

ReutersJan 14, 2026 12:02 PM

Shares of warehouse-focused real estate investment trust Prologis PLD.N up 1.1% at about $132 premarket

Scotiabank upgrades PLD to "sector outperform" from "sector perform", raises PT to $146 from $133

New PT represents 12.1% upside to stock's last close

Scotiabank says it expects better occupancy and strong growth in funds from operations for co, which should support higher valuations

Adds continued leasing strength in industrial properties and limited new supply are likely to keep occupancy levels healthy through the next two years

Brokerage raises its estimates for 2026 FFO per share to $6.11 from $6.08

Seventeen of 25 brokerages rate the stock "buy" or higher and eight "hold"; their median PT is $136.50 - data compiled by LSEG

PLD rose ~20.8% in 2025

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