Prologis Analyst Upgrades Amid Softer EPS Estimates Shifts Investment Narrative

Prologis has attracted attention from analysts ahead of its quarterly update, with consensus pointing to earnings of $1.44 per share and revenue of $2.10 billion. Despite softer EPS estimates, a broad group of brokers maintained or upgraded positive ratings on the logistics REIT. Analyst upgrades and higher revenue expectations reinforce the focus on leasing momentum and steady rental income, but may not significantly alter the existing risk from elevated vacancy and cautious tenant decision making.