Analyst Ki Bin Kim of Truist Financial maintained a Buy rating on Prologis (PLD – Research Report), retaining the price target of $123.00.
Ki Bin Kim has given his Buy rating due to a combination of factors that highlight Prologis’s resilience and operational stability amidst macroeconomic uncertainties. The company maintained its 2025 FFO per share guidance at $5.73, aligning with both consensus and Truist Securities’ estimates, which reflects confidence in its financial outlook despite broader economic challenges.
Additionally, Prologis’s core operations showed stability, with a GAAP SSNOI growth of 5.9% and an average occupancy rate of 95.5%. The company’s development starts and increased assets under management further underscore its robust operational framework. These factors suggest that Prologis is well-positioned to navigate potential market volatility, supporting the Buy rating recommendation.
According to TipRanks, Bin Kim is a 5-star analyst with an average return of 7.5% and a 56.00% success rate. Bin Kim covers the Real Estate sector, focusing on stocks such as Public Storage, Eastgroup Properties, and Acadia Realty.
In another report released on April 14, Morgan Stanley also maintained a Buy rating on the stock with a $120.00 price target.