PLD
Third Proposal and Introduction of a Partial Cash Alternative
Article Summary
HOLD- Prologis Inc. (NYSE: PLD) announced on July 20, 2026 that it has introduced a partial cash alternative to its offer to acquire SEGRO plc's entire issued and to be issued share capital (the Combination) following rejection of its previous two proposals, with the third and final offer valued at approximately £13.5 billion.
- Based on Prologis' closing share price of $149.79 and GBP:USD exchange of 1.3445 on 17 July 2026 and assuming a shareholder elects for 20 per cent cash, the Third Proposal values each SEGro share at 993 pence representing approximately 9.2 per cent of the issued capital, representing superior value.
- Prologis believes the Combination provides a compelling opportunity for both sets of shareholders, and urges SEG RO shareholders to encourage their Board to recommend the combination, with existing shareholders holding approximately 9% of the combined capital after completion of the merger.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 7.4% | 25% | 35.0 ptsBelow Screener (7.4%) - Weak growth |
| EPS Growth Next 5Y ? | 2.0% | 25% | 10.0 ptsVery Weak (2.0%) - Minimal expectations |
| Target Price Upside ? | 5.7% | 20% | 35.0 ptsBelow Screener (5.7%) - Target: $157.08 vs Current: $148.59 |
| Gross Margin % ? | 44.5% | 15% | 60.0 ptsSolid (44.5%) - Decent margins |
| Drawdown from 52-Wk High ? | -3.1% | 15% | 20.0 ptsBarely a Dip (-3.1%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About PLD
- Prologis, Inc. is a self-administered and self-managed REIT and is the sole general partner of Prologis, L.P. through which it holds substantially all of its assets.
- We operate Prologis, Inc. and Prologis, L.P. as one enterprise and, therefore, our discussion and analysis refer to Prologis, Inc. and its consolidated subsidiaries, including Prologis, L.P.
- We invest in real estate through wholly owned subsidiaries and other entities through which we co-invest with partners and investors (co-investment ventures).
- We have a significant ownership interest in the co-investment ventures, which are either consolidated or unconsolidated based on our level of control of the entity.
- Prologis, Inc. began operating as a fully integrated real estate company in 1997 and elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended (Internal Revenue Code or IRC).
- We believe the current organization and method of operation enable Prologis, Inc. to maintain its status as a REIT.
- Prologis, L.P. was also formed in 1997. We operate, manage and measure the operating performance of our properties on an owned and managed (O&M) basis.
- Our O&M portfolio includes our consolidated properties as well as properties owned by our unconsolidated co investment ventures, which we manage.
- We make operating decisions based on our total O&M portfolio as we manage the properties without regard to their ownership.
- Prologis, Inc. was incorporated in 1983 in Maryland and is based in San Francisco, California.