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These companies are quietly capitalizing on the AI boom.
Prologis delivered a strong 2Q26, beating earnings and raising guidance, signaling a sector-wide positive inflection for industrial REITs. PLD's report highlighted robust demand, renewed market rent growth, and upward-trending same-store NOI, with 2026 guidance raised to $6.22-$6.30. Key risks include ramping supply and USMCA trade uncertainty, but U.S.-focused REITs with smaller footprints and lower leverage-adjusted valuations are better positioned.
VNQ dominates on returns with 14.9% gains over one year, while HAUZ offers lower costs and exposure to international property markets.
SEGRO PLC (LSE:SGRO) shares jumped as US logistics property giant Prologis Inc (NYSE:PLD) raised its bid in what it described as a "best and final" offer, and called for a longer deadline for negotiations. The revised proposal values the FTSE 100 property group at around £14 billion, with shareholders offered 0.092 new Prologis shares for each Segro share – a 9.5% improvement on its initial approach – plus a £3.5 billion partial cash alternative.
Prologis—the world's largest owner of industrial real estate—made a 9.5% increase over its initial proposal to take over its smaller U.K. rival, but ruled out further increases.
U.S. logistics firm Prologis on Wednesday offered to buy Segro for about £14 billion ($18.8 billion), or £10.32 per share in a last-minute approach ahead of a takeover deadline.
Segro's shareholder CCLA Investment Management on Wednesday urged the British warehouse landlord to engage with Prologis over its £13.5 billion ($18.06 billion) proposal, hours before the formal deadline for an offer.
As a long-term shareholder in both companies, Norges Bank Investment Management said it understood the rationale for a combination and the proposal merited consideration.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.