Scotiabank has upgraded Prologis Inc (PLD) to Sector Perform from Sector Underperform, signaling a more optimistic outlook for the logistics real estate giant. This change, effective August 26, 2025, may reflect improved fundamentals or increased confidence in the company's strategic direction.
Prologis, headquartered in San Francisco, California, is a leading provider of logistics solutions and services, employing 2,703 full-time staff. The firm operates through two segments: Real Estate and Strategic Capital. The Real Estate Segment focuses on the ownership and development of logistics properties across approximately 20 countries on four continents, while the Strategic Capital Segment manages co-investment ventures.
Currently trading at $125.61, Prologis has a market capitalization of $116.4 billion, a P/E ratio of 36.29, and an impressive dividend yield of 330.1%. The company recently reported better-than-expected Q3 earnings, with an EPS of $0.82, exceeding estimates by 22.6%.
Looking ahead, Prologis is set to announce its next earnings on July 14, 2026, with an EPS estimate of $0.74 and revenue expectations of $2.2 billion. As analyst ratings can evolve, this upgrade underscores a shift in sentiment that could influence investor perspectives on the company’s future performance.