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PLD

Prologis Inc

NYSE: PLD · REAL ESTATE · REIT - INDUSTRIAL

$142.02
+2.31% today

Updated 2026-04-29

Market cap
$132.47B
P/E ratio
39.80
P/S ratio
14.13x
EPS (TTM)
$3.57
Dividend yield
2.88%
52W range
$97 – $145
Volume
3.5M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Prologis Inc (PLD) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$142.02
Consensus
$135.29
-4.74%
2030 Target
$160.52
+13.03%
DCF
$268.84
+48.33% MoS
18 analysts:
4 Buy6 Hold0 Sell

Management guidance

Prologis management has provided moderate 2026 guidance with emphasis on stable occupancy and cash same-store NOI growth. CEO Daniel Letter's recent conversion of LTIP units and the formation of the $1.6B GIC joint venture signal confidence in recurring cash flows and asset-light strategy execution through 2030. No specific revenue targets for 2026-2030 were disclosed in available guidance.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$267.54
$12.2B Rev × 20x P/S
Base case (2030)
$160.52
$12.2B Rev × 12x P/S
Bear case (2030)
$107.02
$12.2B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2029 (E)2030 (E)
Revenue$8.0B$8.2B$8.8B$9.4B$10.1B$11.4B$12.2B
Revenue growth—2.2%7.2%2.8%6.9%6.5%6.4%
EPS$3.29$4.00$3.48$3.48$3.62$3.95$4.12
P/S ratio———12.0x12.0x12.0x12.0x
Implied price———$120.39$133.77$147.15$160.52

Catalysts & risks

Growth catalysts
+ Market rent growth recovery in 2026-2027 as supply constraints tighten
+ Data center buildout and Prologis Essentials platform expansion capturing AI infrastructure demand
+ $1.6B GIC joint venture deployment and asset-light capital recycling accelerating NOI margins
+ Global occupancy recovery toward 97%+ levels with pricing power in key markets
+ Dividend growth continuation (6% increase approved Feb 2026) signaling cash flow confidence
Key risks
- Macro recession reducing logistics demand and tenant bankruptcy risk; current elevated vacancy levels
- Interest rate volatility impacting REIT valuation multiples and financing costs for development pipeline
- Data center market saturation risk if supply outpaces demand despite strong customer capex announcements
- Geographic concentration in North America (~80% of portfolio) exposes to regional economic slowdown
- Weighted average lease expiration (WALE) management required as 2026-2028 lease maturity cycle begins

Methodology

Prologis Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 18 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.