Prologis announces chief accounting officer transition effective April 2026

Prologis, Inc. (NYSE:PLD), a prominent player in the Industrial REITs industry with a market capitalization of over $107 billion, announced Thursday that Lori Palazzolo will retire as Chief Accounting Officer, effective April 1, 2026. Following her retirement from the role, Palazzolo will serve as a senior advisor to assist with the transition. According to InvestingPro data, the company maintains a strong financial health rating and has consistently delivered shareholder value through dividend payments for 15 consecutive years.

The company stated that Trisha Burns will be appointed as Chief Accounting Officer, also effective April 1, 2026. Burns, age 44, has served as Senior Vice President, Global Accounting and Financial Reporting since January 1, 2025. She has held various positions at Prologis since joining the company in 2010, including Senior Vice President, Corporate Accounting and Reporting from July 2018 to January 2025.

The announcement was made in a press release statement included in a filing with the U.S. Securities and Exchange Commission.

In other recent news, ProLogis has been the focus of several analyst upgrades. BofA Securities upgraded ProLogis from Neutral to Buy, citing potential for high-single-digit annual growth in funds from operations, with a new price target of $130. Scotiabank also upgraded ProLogis to Sector Perform, pointing to stable second-quarter results and increased development starts as key factors. Mizuho followed suit, upgrading ProLogis to Outperform due to an improved risk profile and a more supportive macro environment, raising its price target to $118.

Meanwhile, Citi adjusted its price target for ProLogis to $140, maintaining a Buy rating despite trade policy uncertainties impacting forward growth assumptions. Separately, STAG Industrial announced the promotion of Steven T. Kimball to Chief Operating Officer. Kimball has been with STAG since early 2023 and previously held significant roles at ProLogis. These developments highlight the dynamic changes within the industrial real estate sector.

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