B+
Bull case
30%
Probability
Target price
$148.00
Analysis reference price unavailable
Analysis 2026-10-20 · RankAlpha Sentiment Codex
PLD
PrologisCNYSE / Equity Real Estate Investment Trusts (REITs)
Last Price
Quote time unavailable
Current thesis
Q3 Core FFO rose from $1.49 to $1.60 per share year over year; rent spreads and raised cash same-store NOI guidance support continued internal growth. The deterministic prior moved positive, but the share-price decline argues against treating operating strength as a settled rerating [#SEC-8K-2026-10-15].
Posture
Mixed
Lead driver
Value
What changed
Value remains the lead driver in the composite.
What can break
Amazon was Prologis' largest listed customer in the July 16 Q2 2026 supplemental's top-customer table for modern logistics facilities. This dated relationship is a concentration-monitoring point, not evidence of a Q3 change or quantified event effect [#REL-68b077b9-1bf6-45b9-a604-f0fd0dbec3da]. SEC source.
Momentum
40
Value
57
Sentiment
51
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $132.00 · Bull $148.00 · Bear $106.00Analysis 2026-10-20; returns require an exact persisted reference.
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-10-23 • Vendor: Data Vendor v1
Scores
As of 2026-10-23 • Model: HYBRID_IC_RP
AI Memo
As of 2026-10-20 • Model: RankAlpha Sentiment Codex
Investment thesisAs of 2026-10-23
Investment thesis
As of 2026-10-23
Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-10-23. Definitions
Supporting evidence
What
Grade C · Mixed
Confidence Medium · Net Neutral
Target $154.15
Why
Momentum40 · Δ7d -2.2
Value57 · Δ7d -
Sentiment51 · Δ7d -7.1
So what
Balanced signals (Net Neutral). Wait for confirmation before sizing up.
Confirming evidence
- • Value remains the lead driver in the composite.
Contradictions & invalidation
- • Amazon was Prologis' largest listed customer in the July 16 Q2 2026 supplemental's top-customer table for modern logistics facilities. This dated relationship is a concentration-monitoring point, not evidence of a Q3 change or quantified event effect [#REL-68b077b9-1bf6-45b9-a604-f0fd0dbec3da]. SEC source.
- • Higher rates may slow asset sales, strategic-capital fees and development economics; management flagged a more challenging transaction backdrop [#EARNINGS-TRANSCRIPT-2026Q3].
- • Higher borrowing costs can delay transactions and weaken asset values; the company reduced net-earnings, strategic-capital-revenue, disposition and contribution guidance.
Catalyst clock
2026-10-15
Q3 FFO beat met a negative market reaction
Lead driver: Value · See fundamentals
Momentum
40
8% active weight
Current posture
7d trendImproving
Δ7d
-2.2
Δ21d
-3.5
Value
57
47% active weight
Current posture
7d trendImproving
Δ7d
-
Δ21d
-
Sentiment
51
45% active weight
Current posture
7d trendSoftening
Δ7d
-7.1
Δ21d
-29.5
Why this grade
Composite grade C. Momentum 40.3 / Value 56.5 / Sentiment 51.5
Scenario snapshot
Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-10-20. Scenario method
Most likely
B
Base case
45%
Probability
Target price
$132.00
Analysis reference price unavailable
Analysis 2026-10-20 · RankAlpha Sentiment Codex
B-
Bear case
25%
Probability
Target price
$106.00
Analysis reference price unavailable
Analysis 2026-10-20 · RankAlpha Sentiment Codex
Fundamentals (TTM)As of 2026-10-23
Fundamentals (TTM)
As of 2026-10-23
Market Cap
$122.56B
Beta
1.43
Shares Out
950.33M
P/E (TTM)
37.8
P/S (TTM)
13.79
P/FCF (TTM) · Derived
252.24
Rev YoY
+11.1%
EPS YoY
+85.3%
Gross Margin
+44.5%
Op Margin
+38.6%
Net Debt
$35.97B
Current Ratio
0.90
As of 2026-10-23 • Updated nightlySource: Internal modelMethods & Data