1056 GMT - U.S. warehouse giant Prologis's takeover approach for Segro underlines the extent to which the stock market is underpricing the U.K. landlord, Panmure Liberum's Bjorn Zietsman says in a research note. Prologis's own rationale reinforces the idea that Segro is undervalued, the analyst says. Prologis makes the case that Segro's development pipeline, power infrastructure, data-center opportunity and customer relationships aren't reflected in its earnings or book value, according to Panmure. To take over Segro, Prologis might need to offer a price that reflects both today's assets and the future value it can generate, Zietsman says. "Acquiring Segro would remove one of the UK's highest-quality listed real estate growth platforms from the public market," he adds. Shares in Segro jump 18%. (adria.calatayud@wsj.com)

(END) Dow Jones Newswires

June 24, 2026 06:57 ET (10:57 GMT)

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