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REXR - Prologis: Rising Vacancies And Dropping Estimates
Rexford Industrial Realty Inc.
2025-02-07 17:04:34 ET
Summary
Prologis, Inc. “beat” estimates for Q4 2024 wile guiding down for 2025.
Despite assuming a mid-year turnaround, the estimates were lower than where analysts stood.
Over the last two years, 2026 estimates over 10%.
We are lowering our buy-under price for PLD stock once again.
We have not had a love hate relationship with Prologis, Inc. ( PLD ) since June 2021. We have been neutral and patiently waiting for Godot, a.k.a. our buy under price....