Prologis Sees Strong Q2 Growth Amid Price Target Reduction

Prologis, Inc. (NYSE:PLD) is one of the 12 Best REIT Stocks to Buy Right Now.

The company reported strong growth across key financial metrics, with healthy organic expansion and a positive outlook for the year.

Prologis Sees Strong Q2 Growth Amid Price Target Reduction

A large logistic facility within the industrial real estate sector.

Prologis, Inc. (NYSE:PLD) is one of the world’s leading REITs specializing in logistics facilities and industrial parks. Based in California, the company owns or operates over 1.2 billion square feet across more than 6,000 warehouses in 19 countries. Its client portfolio includes tenants in e‑commerce, retail, manufacturing, and distribution.

On July 16, 2025, the company discusses the Q2 2025 earnings results, which indicated a strong 9.0% year-over-year increase in its Core FFO per diluted share to $1.46. Cash same-store NOI saw a growth of 4.9% during the period, signaling healthy organic growth from the company’s existing portfolio.

Average occupancy remained high at 94.9% in the second quarter. For its 2025 outlook, the company narrowed its full-year Core FFO guidance to a range of $5.75 – $5.80 per share and significantly increased its outlook for development starts, now projecting $2.25 – $2.75 billion.

Despite the strong growth, the price target was lowered by Citi from $150 to $140. However, Citi, along with Truist Financial, maintains a Buy rating on the stock, reflecting confidence in the company’s future growth. Prologis, Inc. (NYSE:PLD) enjoys support from 55 hedge funds and continues to gain the attention of REIT investors in the market.

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