Prologis: Undervalued With Plenty Of Room To Run

Summary Prologis remains a 'Buy' for its best-in-class logistics assets, robust growth, and downside protection, trading at a reasonable forward P/FFO and yield. PLD's Q2 2026 saw 8.5% same-store NOI growth, record leasing, and 95.5% occupancy, supporting raised full-year guidance. PLD's data center development pipeline and substantial land/power access offer a significant new growth runway. At $135 and 21.5x forward P/FFO, PLD trades below its historical average, with a 3.2% yield and a strong balance sheet. Looking for a portfolio of ideas like this one? Members of iREIT®+HOYA Capital get exclusive access to our subscriber-only portfolios. Learn More » Vojec/iStock via Getty Images Waiting for a bargain that may never come can cause one to miss out on best-of-breed companies. That’s why I’m content to pick up such names when they are reasonably attractive. Owning best-of-breed companies with a clear This article was written by Gen Alpha 23.59K Followers Follow I am Gen Alpha. I have more than 16 years of investment experience, and an MBA in Finance. I focus on stocks that are more defensive in nature, with a medium- to long-term horizon. I provide high-yield, dividend growth investment ideas in the investing group iREIT®+HOYA Capital. The group helps investors achieve dependable monthly income, portfolio diversification, and inflation hedging. It provides investment research on REITs, ETFs, closed-end funds, preferreds, and dividend champions across asset classes. It offers income-focused portfolios targeting dividend yields up to 10%. Learn more. Analyst’s Disclosure: I/we have a beneficial long position in the shares of PLD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. I am not an investment advisor. This article is for informational purposes and does not constitute as financial advice. Readers are encouraged and expected to perform due diligence and draw their own conclusions prior to making any investment decisions. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.