Cantor Fitzgerald Recounts Prologis Management Meeting

In a research report published earlier today, Cantor Fitzgerald has reiterated its Buy rating and $37 PT on Prologis Inc.

following a meeting with management yesterday. “We met with the CFO, Mr. William Sullivan, and Chief Integration Officer, Mr. Thomas Olinger in our offices yesterday. Our investment thesis remains unchanged and hinges upon the re-emergence of the industrial private capital model, as well as continued de-levering through property dispositions and contributions. We believe that the two key milestones for Prologis remain the contribution of assets to a Japan Fund and the unwinding of PEPR, though management confirms that these are most likely 2013 events,” Cantor Fitzgerald recounted in the report. Prologis closed yesterday at $33.59.