Prologis, the Real Estate sector company, was revisited by a Wall Street analyst today. Analyst John Kim from BMO Capital maintained a Sell rating on the stock and has a $105.00 price target.
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John Kim has given his Sell rating due to a combination of factors, despite Prologis reporting a strong third quarter in 2025. The company exceeded expectations with its Core Funds From Operations per share and raised its guidance, which initially appears positive. However, the beat was largely attributed to higher other income rather than core operational improvements.
Despite record-high leasing volumes and a rise in pre-leased percentages for developments, there were some concerning indicators. Occupancy rates slightly declined, turnover costs increased, and there was a sequential drop in lease proposals. These factors suggest potential challenges ahead, prompting John Kim to maintain a cautious outlook on Prologis’s stock.
According to TipRanks, Kim is an analyst with an average return of -0.4% and a 46.06% success rate. Kim covers the Real Estate sector, focusing on stocks such as AvalonBay, Essex Property, and UDR.