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Prologis, Inc. (NYSE:PLD), a prominent player in the Industrial REITs industry with a market capitalization of $107.6 billion, announced on Thursday that Lori Palazzolo will retire from her role as Chief Accounting Officer effective April 1, 2026. According to InvestingPro analysis, the company maintains a GOOD financial health score and currently appears fairly valued. Following her retirement, Palazzolo will serve as a senior advisor to support the transition.
The company stated that Trisha Burns will assume the position of Chief Accounting Officer on April 1, 2026. Burns, age 44, has served as Senior Vice President, Global Accounting and Financial Reporting since January 1, 2025. She has been with Prologis since 2010, holding several positions including Senior Vice President, Corporate Accounting and Reporting from July 2018 to January 2025.
This information is based on a statement released by the company in a recent SEC filing.
In other recent news, Prologis has announced a key management transition, with Lori Palazzolo set to retire as Chief Accounting Officer in April 2026. Trisha Burns, currently Senior Vice President of Global Accounting and Financial Reporting, will succeed her. In terms of analyst activity, BofA Securities has upgraded Prologis to a Buy rating, citing potential for high-single-digit annual funds from operations growth driven by factors like market rent growth and data center conversions. Scotiabank has also upgraded Prologis to Sector Perform, following the company’s second-quarter results that showed stable occupancy and increased development starts. Mizuho has further upgraded the stock to Outperform, highlighting a more supportive macro environment and improved risk profile. Meanwhile, STAG Industrial has promoted Steven T. Kimball to Chief Operating Officer, marking another significant personnel change in the sector. Kimball brings extensive experience from his previous roles at Prologis and PGIM Real Estate. These developments underscore ongoing strategic shifts and positive analyst sentiment for Prologis.
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