11:50 AM EDT, 10/16/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We increase our 12-month target price by $13 to $138, based on 22.3x our 2026 forward P/FFO multiple, leaving our 2026 FFO estimate unchanged at $6.18 and increasing our 2025 estimate by $0.03 to $5.83. Management believes the industrial market is currently bottoming out, with tenant sentiment improving and large occupiers making long-term decisions for the first time this year. PLD continues to see a growing opportunity in data centers and remains one of the largest owners of utility power, approaching 5.2GW secured or in the advanced deal stage. We believe this new development activity related to data centers has a longer lead time than traditional industrial space before generating predictable NOI and could see FFO estimates come down near term with long-term upside. With increasing construction costs, PLD noted that market rents have fallen further and are now 20%-25% below new construction costs, increasing the value of in-place properties for PLD and expectations for 2H 2026 cash re-leasing growth rates.