PROLOGIS

Prologis outlined its case to acquire Segro after the London developer rejected an all‑stock £12.6 billion ($16.6 billion) offer that represented about a 25% premium. Under the proposal Segro shareholders would receive 0.084 Prologis shares each and hold roughly 10.5% of Prologis post‑deal; Prologis says the combination would expand its European footprint, unlock Segro’s development and data‑center pipeline and leverage its stronger balance sheet. Segro reiterated its unanimous rejection, calling the bid inadequate and insisting its standalone strategy can deliver superior value. » More on finance.yahoo.com

Prologis published a presentation outlining the strategic and financial rationale for a potential all‑share takeover of SEGRO. The company cites a premium for SEGRO shareholders and access to capital resources to develop project and data‑centre pipelines, and points to limited balance-sheet capacity and a trading discount at SEGRO as growth constraints. Prologis highlights its own UK/Europe AUM of £27.8bn, recent investments and five‑year total shareholder return outperformance versus SEGRO, but stresses that no firm offer is certain and the transaction would be subject to the UK City Code. » More on de.investing.com

Prologis reported beat-and-raise Q1 results with core FFO of $1.50, revenue up 7.4% to $2.3bn, 95.3% occupancy and a 6% dividend increase, and raised 2026 core FFO guidance to $6.07–$6.23. The bullish investment thesis cites constrained new supply, nearshoring and resilient domestic demand boosting rents and occupancy. The company’s expanding data center platform — a potential $25bn opportunity supported by a 10GW pipeline — is seen as the main rerating catalyst that could shift Prologis toward infrastructure-style margins and multiples. » More on finance.yahoo.com