BMO Capital Says Prologis (PLD) Can Benefit From Data Center Demand

​The institution besides leverages its premier onshore slope adjacent municipality powerfulness infrastructure to make information halfway “powered shells,” securing implicit 5 GW of powerfulness capacity, including 450 MW nether construction.

​Recently, connected May 7, BMO Capital upgraded Prologis, Inc. (NYSE:PLD) to Outperform from Neutral and raised the terms people from $137 to $162. The steadfast noted that the institution has the quality to payment from information halfway demand. BMO besides highlighted that successful the archetypal 4th earnings, information halfway suppliers represented astir 10% of the company’s caller leasing. The steadfast expects Prologis, Inc. (NYSE:PLD)’s net maturation to accelerate based connected increasing information halfway demand.

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