Prologis (PLD) Misses Q1 EPS by 1c
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ProLogis (PLD) PT Lowered to $106 at Evercore ISI
April 16, 2025 4:16 PM EDTEvercore ISI analyst Steve Sakwa lowered the price target on ProLogis (NYSE: PLD) to $106.00 (from $111.00) while maintaining a In Line rating.
The analyst comments "Wednesday before the market open, PLD reported Q1 results (initial take HERE) and core FFO of $1.42 was ahead our $1.37 est and consensus of $1.38. Relative to our model, we were assuming a 2c drag from promote expense in 1Q while PLD had just a 1c impact and the beat came from lower G&A, lower promote expense & higher development/management income. While... More
