PLD
Further Announcement Regarding a Possible Combination of SEGRO and Prologis
Article Summary
HOLD- Prologis Inc. (NYSE: PLD) and SEGRO plc (OTC: SEGRO) met in London on Sunday to discuss a potential merger, with Prologis offering 993 pence per share, a 9.7% premium to the company's current offer price of 993.
- The meeting focused on whether there was a credible path to a transaction capable of recommendation by the SEG RO Board, with Prologis disappointed that the discussion did not provide meaningful clarity regarding matters that would enable further progress.
- SEGro's NAV declined from 925 pence to 905 pence over six months to 30 June 2026, reflecting independent valuers' assessment of value of all development land and property assets owned by the company, which is very unusual for real estate defence document to publish declining NAV during offer period.
- The consensus forecast earnings for SEGO on standalone basis imply only 4.7 per cent annual growth over the next three years and 6.
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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 ? | 2.6% | 25% | 10.0 ptsVery Weak (2.6%) - Minimal expectations |
| Target Price Upside ? | 6.8% | 20% | 35.0 ptsBelow Screener (6.8%) - Target: $157.75 vs Current: $147.70 |
| Gross Margin % ? | 44.5% | 15% | 60.0 ptsSolid (44.5%) - Decent margins |
| Drawdown from 52-Wk High ? | -3.7% | 15% | 20.0 ptsBarely a Dip (-3.7%) - 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.