JPMorgan maintains ProLogis stock with $131 target

Published 21/01/2025, 20:12
JPMorgan maintains ProLogis stock with $131 target

During the conference call held on Tuesday, the focus is anticipated to be on the overall demand landscape, including the timing of the expected market inflection point and the potential impact of tariffs on the sector.

ProLogis (NYSE:PLD)'s performance and management's optimistic outlook on the leasing environment contribute to JPMorgan's positive stance on the stock. With an overall "GOOD" Financial Health Score from InvestingPro and strong analyst consensus, investors can access detailed valuation metrics, 8+ additional ProTips, and comprehensive analysis through InvestingPro's Research Reports, available for over 1,400 US stocks.

With an overall "GOOD" Financial Health Score from InvestingPro and strong analyst consensus, investors can access detailed valuation metrics, 8+ additional ProTips, and comprehensive analysis through InvestingPro's Research Reports, available for over 1,400 US stocks.

During the conference call held on Tuesday, the focus is anticipated to be on the overall demand landscape, including the timing of the expected market inflection point and the potential impact of tariffs on the sector.

ProLogis's performance and management's optimistic outlook on the leasing environment contribute to JPMorgan's positive stance on the stock. With an overall "GOOD" Financial Health Score from InvestingPro and strong analyst consensus, investors can access detailed valuation metrics, 8+ additional ProTips, and comprehensive analysis through InvestingPro's Research Reports, available for over 1,400 US stocks.

For 2025, the guidance for CFFO and CFFO excluding promotes aligns with JPMorgan's expectations, placing them in the mid-to-upper half of the projected ranges. The company's operational strength was evident in the fourth quarter, with cash and net-effective same-store NOI growth rates of 6.7% and 6.6% respectively, supported by robust rent spreads of 40% in cash and 66% in net-effective terms.

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