Prologis (PLD)

Creating Shareholder Value Through a Possible Prologis and SEGRO CombinationJune 30, 2026 2:14 AM
PR Newswire (US) Publication of Investor Presentation in Relation to the Possible CombinationNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.THIS ANNOUNCEMENT IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE"). THERE CAN BE NO CERTAINTY THAT ANY FIRM OFFER WILL BE MADE.SAN FRANCISCO, June 30, 2026 /PRNewswire/ -- Following its announcement on 24 June 2026 regarding a possible all-share combination with SEGRO plc ("SEGRO"), Prologis, Inc. ("Prologis") today published an investor presentation setting out the strategic and financial rationale for the proposed combination and the value Prologis believes it could create for SEGRO shareholders.The presentation has been made available on the Prologis website and highlights:The compelling value proposition for SEGRO shareholders who will participate in this growth following the combination, including a substantial upfront premium from joining the new, stronger entity and the world's leading logistics real estate platform;Prologis' access to public and private capital that will enable Prologis to unlock and accelerate the embedded value of SEGRO's development and data center pipeline which Prologis believes SEGRO is unable to fully realize on a standalone basis given its balance sheet capacity and persistent trading discount;Prologis' track record of outperformance delivering substantial total shareholder returns driven by its development strategy, strategic capital platform, global access to capital and resilient operating performance, as well as successful integration of large-scale acquisitions. Over the past five years, total shareholder returns have equaled 38.6% for Prologis, compared with a 20.1% decline for SEGRO;Prologis' long-standing presence in the UK and Europe, which has grown to £27.8 billion of AUM since 1997, and its proven track record of investing in, developing and operating logistics real estate, including £5.6 billion invested in the UK over the past decade and a further £5.5 billion publicly committed. This underscores Prologis' role as a long-term partner in supporting the development of the UK economy;Prologis' long track record of successfully integrating major acquisitions, achieving synergies and delivering significant total return outperformance to shareholders post strategic mergers relative to peers. These include Duke Realty (+2,200 bps since June 2022), Liberty Property Trust (+5,400 bps since October 2019) and DCT Industrial (+6,100 bps since April 2018); andThe combined company's ability to accelerate investment across logistics, data centers and energy while leveraging technology and data to further enhance customer centricity that creates a win-win value proposition for customers and shareholders.The presentation is available on Prologis' website at https://ir.prologis.com/potential-offer-for-segro-disclaimer (subject to certain restrictions). Linklaters LLP is retained as legal adviser to Prologis.Further informationN.M. Rothschild & Sons Limited ("Rothschild & Co"), which is authorised and regulated by the Financial Conduct Authority (the "FCA") in the United Kingdom and J.P. Morgan Securities LLC, together with its affiliate J.P. Morgan Securities plc (which conducts its UK investment banking business as J.P. Morgan Cazenove and which is authorised in the United Kingdom by the Prudential Regulation Authority ("PRA") and regulated in the United Kingdom by the PRA and the FCA) (together "J.P. Morgan"), and Eastdil Secured International Limited ("Eastdil Secured" or "ESI") which is authorised and regulated by the Financial Conduct Authority (the "FCA") in the United Kingdom are acting exclusively for Prologis and for no one else in connection with the subject matter of this announcement and will not be responsible to anyone other than Prologis for providing the protections afforded to their clients or for providing advice in connection with the subject matter of this announcement. This announcement is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote in any jurisdiction.The release, publication or distribution of this announcement in jurisdictions outside the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about, and observe such restrictions. Any failure to comply with such restrictions may constitute a violation of the securities law of any such jurisdiction.Disclosure requirements of the CodeUnder Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s), save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3.Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. You should contact the Panel's Market Surveillance Unit on +44 (0)20 7638 0129 if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.Publication on WebsiteIn accordance with Rule 26.1 of the Code, a copy of this announcement will be available subject to certain restrictions relating to persons resident in restricted jurisdictions on Prologis' website at https://ir.prologis.com/ promptly and in any event by no later than 12 noon (London time) on 1 July 2026. The content of this website is not incorporated into and does not form part of this announcement.Forward-Looking StatementsThe statements in this announcement that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which Prologis and SEGRO operate as well as management's beliefs and assumptions. Such statements involve uncertainties that could significantly impact Prologis' or SEGRO's financial results. Words such as "expects," "anticipates," "intends," "believes," "would", "could", "should" and "estimates," including variations of such words and similar expressions, are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that Prologis expects or anticipates will occur in the future – including statements relating to any possible transaction between Prologis and SEGRO , rent and occupancy growth, acquisition and development activity, including data center developments and power procurement related thereto, contribution and disposition activity, general conditions in the geographic areas where Prologis and SEGRO operate, expectations regarding new lines of business, Prologis' and SEGRO's debt, capital structure and financial position, Prologis' ability to earn revenues from co-investment ventures or form new co-investment ventures and the availability of capital in existing or new co-investment ventures – are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although Prologis believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, Prologis can give no assurance that its expectations will be attained, and therefore actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) the ultimate outcome of any possible transaction between Prologis and SEGRO, including the possibility that SEGRO will continue to reject any proposed transaction with Prologis; (ii) uncertainties as to whether SEGRO will cooperate with Prologis regarding any proposed transaction; (iii) the effect of the announcement of any proposed transaction on the ability of Prologis and SEGRO to operate their respective businesses and retain and hire key personnel and to maintain favourable business relationships; (iv) the timing of any proposed transaction; (v) the ability to satisfy closing conditions to the completion of any proposed transaction (including shareholder approvals); (vi) other risks related to the completion of any proposed transaction and actions related thereto; (vii) international, national, regional and local economic and political climates and conditions; (viii) changes in global financial markets, interest rates and foreign currency exchange rates; (ix) increased or unanticipated competition for Prologis' or SEGRO's properties; (x) risks associated with acquisitions, dispositions and development of properties, including the integration of the operations of significant real estate portfolios; (xi) maintenance of Real Estate Investment Trust ("REIT") status, tax structuring and changes in income tax laws and rates; (xii) availability of financing and capital, the levels of debt that Prologis and SEGRO maintain and their credit ratings; (xiii) risks related to Prologis' investments in and management of its co-investment ventures, including the ability to establish new co-investment ventures; (xiv) risks of doing business internationally, including currency risks; (xv) environmental uncertainties, including risks of natural disasters; (xvi) risks related to global pandemics; and (xvii) those additional factors discussed under Part I, Item 1A. Risk Factors in Prologis' Annual Report on Form 10-K for the year ended December 31, 2025. Prologis undertakes no duty to update any forward-looking statements appearing in this announcement except as may be required by law.Sources of information and bases of calculationTotal shareholder return equals the change in share price plus dividends received over the relevant time period. This data is as of 23 June 2026. Information sourced from FactSetPrologis European AUM is per the Prologis Q1 Earnings release taking the group AUM multiplied by the percentage of AUM that relates to the UK and Europe. Converted to GBPPrologis prior and committed UK investment is per Prologis public disclosuresOutperformance for selling shareholders relative to peers represents total shareholder returns, which assume reinvestment of common and special dividends since announcement date of respective acquisitions (30/04/2018 for DCT Industrial; 28/10/2019 for Liberty Property Trust; 13/06/2022 for Duke Realty) until 23/06/2026. Outperformance based on arithmetic average total shareholder return of the industrial real estate peers: EastGroup Properties, First Industrial, Rexford Industrial Realty, STAG Industrial, Terreno Realty and LXP Industrial Trust View original content to download multimedia:https://www.prnewswire.com/news-releases/creating-shareholder-value-through-a-possible-prologis-and-segro-combination-302814149.htmlSOURCE Prologis, Inc. Original: Creating Shareholder Value Through a Possible Prologis and SEGRO Combination

Prologis Goes Public With £12.6 Billion Segro Proposal After Board Rejection (SGRO)June 24, 2026 6:56 AM
IH Market News U.S. logistics property group Prologis (NYSE:PLD) has publicly disclosed its £12.6 billion ($16.62 billion) takeover proposal for Segro (LSE:SGRO) after the UK warehouse owner rejected the approach, escalating pressure on the company’s board to enter formal discussions. The move represents the latest attempt by an overseas buyer to acquire a London-listed business, as lower UK market valuations continue to attract international interest and contribute to a record year for takeover activity in Britain. The announcement follows a similar strategy adopted by Castlelake, which recently made its approach for easyJet public after multiple unsuccessful attempts to engage with the airline’s board. Prologis Appeals Directly to Segro Shareholders Prologis argues that Segro’s shares have consistently traded below the company’s net asset value and that the business faces limitations in extracting the full value from its development projects and growing data centre pipeline, an area benefiting from rising artificial intelligence demand. “Prologis urges Segro shareholders to encourage the Segro board to engage with Prologis to allow a binding offer to be put to Segro shareholders for their consideration,” the company said in a statement outlining its all-share proposal. The disclosure prompted a sharp market reaction, with Segro shares jumping more than 20% to 892 pence, their highest level since September 2024. Segro Rejects Offer as Undervalued Segro responded by reaffirming its opposition to the proposal. The company stated that its board had “unanimously and unequivocally rejected the proposal, which falls a long way short of Segro’s own views on value”. Management also described the approach as “opportunistically timed”, suggesting the offer failed to reflect the company’s long-term prospects. Offer Values Segro at Book Value Under the terms of the proposal, Segro shareholders would receive 0.084 new Prologis shares for every Segro share held. Based on prevailing market prices, the offer values Segro at approximately 925 pence per share, representing a premium of around 25% to Tuesday’s closing price. However, the valuation broadly matches Segro’s most recently reported net asset value, offering little premium to book value. The proposal contrasts with several recent UK property transactions. Blackstone’s acquisition of Warehouse REIT was completed at a discount to book value, while the merger between Primary Health Properties and Assura was agreed at only a modest premium. “In our view Prologis would be reluctant to increase the offer materially and take it above NAV,” said Oli Creasey, head of property research at Quilter Cheviot. Analysts Question Whether Bid Reflects Future Growth Potential Industry observers note that Segro and Prologis already have significant overlap across key European logistics markets, including the UK, France and Germany. Panmure Liberum analyst Bjorn Zietsman questioned whether the current proposal “adequately compensates shareholders” for Segro’s future earnings potential, expected returns and broader asset portfolio. The analyst suggested investors may seek a higher valuation given the company’s development opportunities and exposure to expanding data centre demand. Prologis Has History of Value-Creating Acquisitions Prologis has built a strong reputation for acquiring logistics-focused real estate investment trusts and generating substantial returns from those transactions. The company has previously delivered returns of approximately 39% from Duke Realty, 97% from Liberty Property Trust and 166% from DCT Industrial following the announcement of those acquisitions. Under UK takeover regulations, Prologis must either submit a formal offer for Segro or withdraw its interest by July 22. The coming weeks are likely to determine whether shareholder pressure leads to negotiations or whether Segro continues to resist the approach. Prologis stock priceThe post Prologis Goes Public With £12.6 Billion Segro Proposal After Board Rejection (SGRO) appeared first on US Editors. Original: Prologis Goes Public With £12.6 Billion Segro Proposal After Board Rejection (SGRO)

Creating Shareholder Value Through a Possible SEGRO and Prologis CombinationJune 24, 2026 2:27 AM
PR Newswire (US) NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.4 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE") AND DOES NOT CONSTITUTE A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CODE. THERE CAN BE NO CERTAINTY THAT ANY FIRM OFFER WILL BE MADE.SAN FRANCISCO, June 24, 2026 /PRNewswire/ -- Prologis, Inc. ("Prologis") announces that on 16 June 2026 it sent a letter to the Board of SEGRO plc ("SEGRO") setting out the terms of an indicative all-share proposal, pursuant to which Prologis would acquire the entire issued and to be issued share capital of SEGRO (the "Combination").On 23 June 2026, the Board of SEGRO unequivocally rejected the Combination proposal.Under the terms of the Combination, SEGRO shareholders would receive for each SEGRO share:0.084 new Prologis shares (the "Exchange Ratio")Based on the Prologis share price of $145.3 and a GBP:USD exchange rate of 1.32 in each case at market close on 23 June 2026, being the last trading day prior to this announcement, the Combination implies a value of 925 pence for each SEGRO share and values SEGRO's entire issued and to be issued ordinary share capital at approximately £12.6 billion, representing:a premium of 24.6 per cent to SEGRO's share price of 742 pence on 23 June 2026 (being the last trading day prior to this announcement);a premium of 26.7 per cent to the 1-month volume weighted average SEGRO share price of 730 pence as of 23 June 2026 (being the last trading day prior to this announcement);a premium of 31.4 per cent to the 3-month volume weighted average SEGRO share price of 704 pence as of 23 June 2026 (being the last trading day prior to this announcement); anda price equal to SEGRO's last reported EPRA NTA* per share of 925 pence as of 31 December 2025Following completion of the Combination, SEGRO shareholders would hold approximately 10.5 per cent of Prologis' issued share capital.Prologis believes that the Combination is a highly compelling opportunity for SEGRO shareholders. SEGRO shareholders would receive shares in the world's largest logistics REIT with a $140.9 billion market capitalisation, unlocking, on closing, significant upside to the current share price.Furthermore, the Combination provides SEGRO shareholders with participation in a global platform with a track record of outperformance across key metrics and the successful integration of major corporate transactions with the delivery of synergies. Prologis believes these factors will provide SEGRO shareholders with accelerated growth compared to the growth available to them in a standalone SEGRO.Prologis believes that its global platform, balance sheet strength and diversified capital base can unlock the significant embedded value of SEGRO's development and data center pipeline.Prologis also believes the Combination would deliver significant benefits to its customers, employees and Prologis shareholders.Clear Strategic Rationale and Value Creation Prologis believes that the Combination has clear strategic rationale and provides SEGRO shareholders with a compelling value proposition:Opportunity to Join Forces with the Global Leader in Logistics Real Estate Combination with Prologis will provide SEGRO shareholders with diversification into global growth marketsSEGRO and Prologis' European portfolios are highly complementary with an expected clear line of sight to scale benefitsResolves Structural Constraints Limiting SEGRO's Growth Potential SEGRO has traded at a persistent discount to its EPRA NTA per share with an average discount to EPRA NTA* of 19 per cent and 17 per cent over the last two years and three years, respectivelyPrologis has superior balance sheet strength with Net Debt / Enterprise Value of 22 per cent versus 37 per cent for SEGRO and Net Debt / Adjusted EBITDA of 4.8x versus 8.4x for SEGROPrologis' access to public equity, debt and private capital will enable Prologis to unlock embedded opportunities for investment for which Prologis believes SEGRO is unable to unlock standalone due to structural constraints, including its balance sheet capacity and trading discountAccelerates Monetisation of SEGRO's Development, Power and Data Center OpportunitiesPrologis anticipates that its platform, balance sheet strength and significant access to capital can unlock the significant embedded value of SEGRO's development and data center pipeline in a way that SEGRO will not be able to do on a standalone basisPrologis has the scale, capital, and execution capabilities to fund and deliver SEGRO's pipelineValue Realisation at a Premium and Enhanced Growth for SEGRO ShareholdersSignificant share price premium while retaining an interest in a stronger combined entityPrologis has outperformed SEGRO on total shareholder return over both 3 and 5 years (37 per cent and 39 per cent, respectively) leading its peer group average and significantly exceeding SEGRO's total shareholder return (3 year: 19 per cent; 5 years: negative 20 per cent.)Prologis' Proven Stewardship of Shareholder Capital and Strong M&A Integration Track Record Prologis' history of achieving cost and revenue synergies underscores the strength of the platform and successful integrationConsistent with this track record, shareholders of the enlarged group can anticipate significant synergies from the CombinationPrologis urges SEGRO shareholders to encourage the SEGRO Board to engage with Prologis to allow a binding offer to be put to SEGRO shareholders for their consideration.There can be no certainty that an offer for SEGRO will be made. A further announcement will be made as appropriate.Important Code NotesIn accordance with Rule 2.6(a) of the Code, Prologis is required, by not later than 5:00 pm (London time) on 22 July 2026, to either announce a firm intention to make an offer for SEGRO in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer for SEGRO, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline may only be extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Code.In accordance with Rule 2.5(a) of the Code, Prologis reserves the right to vary the form and/or mix of consideration as set out in this announcement and/or introduce other forms of consideration. Prologis reserves the right to make an offer for SEGRO at a lower value and/or on less favourable terms than those described in this announcement: (a) with the agreement or recommendation of the Board of SEGRO; (b) if a third party announces a possible or a firm intention to make an offer for SEGRO which, at that date, is of a value less than the value implied by the Combination; or (c) following the announcement by SEGRO of a Rule 9 waiver transaction pursuant to Appendix 1 of the Code or a reverse takeover (as defined in the Code). If after the date of this announcement SEGRO declares, makes or pays any dividend or distribution or other return of capital to its shareholders, Prologis reserves the right to make an equivalent reduction to terms of the Combination or an equalisation dividend to a common date.*EPRA NTA is not calculated from a valuation of SEGRO's assets under Rule 29 of the Takeover Code. It is sourced from SEGRO's 31 December 2025 audited financial statements. At the relevant point, a valuation of SEGRO's assets will be published by SEGRO in accordance with Rule 29 of the Takeover Code.Linklaters LLP is retained as legal adviser to Prologis.Further informationN.M. Rothschild & Sons Limited ("Rothschild & Co"), which is authorised and regulated by the Financial Conduct Authority (the "FCA") in the United Kingdom and J.P. Morgan Securities LLC, together with its affiliate J.P. Morgan Securities plc (which conducts its UK investment banking business as J.P. Morgan Cazenove and which is authorised in the United Kingdom by the Prudential Regulation Authority ("PRA") and regulated in the United Kingdom by the PRA and the FCA) (together "J.P. Morgan"), and Eastdil Secured International Limited ("Eastdil Secured" or "ESI") which is authorised and regulated by the Financial Conduct Authority (the "FCA") in the United Kingdom are acting exclusively for Prologis and for no one else in connection with the subject matter of this announcement and will not be responsible to anyone other than Prologis for providing the protections afforded to their clients or for providing advice in connection with the subject matter of this announcement. This announcement is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote in any jurisdiction.The release, publication or distribution of this announcement in jurisdictions outside the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about, and observe such restrictions. Any failure to comply with such restrictions may constitute a violation of the securities law of any such jurisdiction.Disclosure requirements of the CodeUnder Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s), save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3.Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. You should contact the Panel's Market Surveillance Unit on +44 (0)20 7638 0129 if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.Rule 2.4 informationIn accordance with Rule 2.4(c)(iii) of the Code, Prologis confirms that it is not aware of any dealings in SEGRO shares that would require it to offer a minimum level, or a particular form, of consideration under Rule 6 or Rule 11 of the Code. However, it has not been practicable for Prologis to make enquiries of all persons acting in concert with it prior to the date of this announcement in order to confirm whether any details are required to be disclosed under Rule 2.4(c)(iii) of the Code. To the extent that any such details are identified following such enquiries, Prologis will make an announcement disclosing such details as soon as practicable, and in any event by no later than the time it is required to make its Opening Position Disclosure under Rule 8.1 of the Code.Rule 2.9 informationIn accordance with Rule 2.9 of the Code, Prologis confirms that, as of the date of this announcement, it has issued and outstanding 932,983,938 shares of common stock at par value of $0.01 per share. Prologis does not hold any of its common stock in treasury. The International Securities Identification Number (ISIN) of the shares of common stock is US74340W1036. The Legal Entity Identifier (LEI) for Prologis is 529900DFH19P073LZ636.Publication on WebsiteIn accordance with Rule 26.1 of the Code, a copy of this announcement will be available subject to certain restrictions relating to persons resident in restricted jurisdictions on Prologis' website at https://ir.prologis.com/ promptly and in any event by no later than 12 noon (London time) on 25 June 2026. The content of this website is not incorporated into and does not form part of this announcement.Forward-Looking StatementsThe statements in this announcement that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which Prologis and SEGRO operate as well as management's beliefs and assumptions. Such statements involve uncertainties that could significantly impact Prologis' or SEGRO's financial results. Words such as "expects," "anticipates," "intends," "believes," "would", "could", "should" and "estimates," including variations of such words and similar expressions, are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that Prologis expects or anticipates will occur in the future – including statements relating to any possible transaction between Prologis and SEGRO , rent and occupancy growth, acquisition and development activity, including data center developments and power procurement related thereto, contribution and disposition activity, general conditions in the geographic areas where Prologis and SEGRO operate, expectations regarding new lines of business, Prologis' and SEGRO's debt, capital structure and financial position, Prologis' ability to earn revenues from co-investment ventures or form new co-investment ventures and the availability of capital in existing or new co-investment ventures – are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although Prologis believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, Prologis can give no assurance that its expectations will be attained, and therefore actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) the ultimate outcome of any possible transaction between Prologis and SEGRO, including the possibility that SEGRO will reject any proposed transaction with Prologis; (ii) uncertainties as to whether SEGRO will cooperate with Prologis regarding any proposed transaction; (iii) the effect of the announcement of any proposed transaction on the ability of Prologis and SEGRO to operate their respective businesses and retain and hire key personnel and to maintain favourable business relationships; (iv) the timing of any proposed transaction; (v) the ability to satisfy closing conditions to the completion of any proposed transaction (including shareholder approvals); (vi) other risks related to the completion of any proposed transaction and actions related thereto; (vii) international, national, regional and local economic and political climates and conditions; (viii) changes in global financial markets, interest rates and foreign currency exchange rates; (ix) increased or unanticipated competition for Prologis' or SEGRO's properties; (x) risks associated with acquisitions, dispositions and development of properties, including the integration of the operations of significant real estate portfolios; (xi) maintenance of Real Estate Investment Trust ("REIT") status, tax structuring and changes in income tax laws and rates; (xii) availability of financing and capital, the levels of debt that Prologis and SEGRO maintain and their credit ratings; (xiii) risks related to Prologis' investments in and management of its co-investment ventures, including ability to establish new co-investment ventures; (xiv) risks of doing business internationally, including currency risks; (xv) environmental uncertainties, including risks of natural disasters; (xvi) risks related to global pandemics; and (xvii) those additional factors discussed under Part I, Item 1A. Risk Factors in Prologis' Annual Report on Form 10-K for the year ended December 31, 2025. Prologis undertakes no duty to update any forward-looking statements appearing in this announcement except as may be required by law.Non-GAAP MeasuresThis announcement includes certain terms and non-GAAP financial measures that are not specifically defined herein. These terms and financial measures for Prologis are defined and, in the case of the non-GAAP financial measures, reconciled to the most directly comparable GAAP measures, in Prologis' quarterly Earnings Release and Supplemental Information that is available on Prologis' investor relations website at www.ir.prologis.com and on the SEC's website at www.sec.gov.Sources of information and bases of calculationShare price and volume weighted average share price data is derived from FactSetGBP:USD exchange rate of 1.3196 is derived from Chatham Financial as of 23 June 2026The value attributed to SEGRO's issued share capital (and therefore the value of the Combination) is based upon fully diluted share capital of 1,361,127,593 SEGRO ordinary shares of 10 pence each, comprising:1,353,927,858 ordinary shares in issue as of 29 May 2026 as announced by SEGRO pursuant to the FCA's Disclosure Guidance and Transparency Rules (with no shares held in treasury); and7,199,735 shares relating to SEGRO's share schemes, derived from SEGRO's public filings. This figure is net of shares held by the SEGRO Employee Benefit TrustPrologis' issued share capital is based upon fully diluted share capital of 970,140,938 shares at par value of $0.01 per share, comprising:932,983,938 shares of common stock at par value of $0.01 per share; and37,157,000 shares relating to Prologis' share schemes, derived from Prologis' public filings.Discount to EPRA NTA is calculated as the see-through value of the offer at the Exchange Ratio divided by the SEGRO last reported EPRA NTA at 31 December 2025 of 925 pence per sharePrologis' market capitalisation is calculated based on the share price at market close on 23 June 2026 of $145.3 multiplied by Prologis' fully diluted share count of 970,140,938 sharesSEGRO's shareholding in the enlarged group is calculated as (i) newly issued Prologis shares of 114,334,718 (calculated as 1,361,127,593 SEGRO shares multiplied by the Exchange Ratio); divided by (ii) the enlarged group issued share capital of 1,084,475,656 (equal to the existing Prologis fully diluted issued share capital of 970,140,938 plus the newly issued shares of 114,334,718)Enterprise value used for Net Debt / Enterprise Value sourced from FactSet at market close on 23 June 2026Total shareholder return equals the change in share price plus dividends received over the relevant time period. This data is as of 23 June 2026. Information sourced from FactSetSEGRO EPRA NTA sourced from SEGRO's 2025 Annual Report and Accounts, with prior years' EPRA NTA sourced from its 2024 and 2023 Annual Report and Accounts and its 2024 and 2023 interim resultsSEGRO Net Debt and Net Debt / Adjusted EBITDA sourced from 2025 annual results announcement released on 20 February 2026Prologis financial information extracted from Prologis' 2026 Q1 Earnings Release published on 16 April 2026Prologis Net Debt and Net Debt / Adjusted EBITDA sourced from Prologis' 2026 Q1 Earnings Release published on 16 April 2026   View original content to download multimedia:https://www.prnewswire.com/news-releases/creating-shareholder-value-through-a-possible-segro-and-prologis-combination-302808887.htmlSOURCE Prologis, Inc. Original: Creating Shareholder Value Through a Possible SEGRO and Prologis Combination

Prologis to Announce Second Quarter 2026 Results July 16, 2026June 4, 2026 4:30 PM
PR Newswire (US) SAN FRANCISCO, June 4, 2026 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD) will host a webcast and conference call with senior management to discuss its second quarter results, current market conditions and future outlook on Thursday, July 16, 2026, at 9:00 a.m. PT/12:00 p.m. ET.To access a live broadcast of the call, please dial +1 (877) 897-2615 (toll-free from the United States and Canada) or +1 (201) 689-8514 (from all other countries). A live webcast can be accessed from the Investor Relations section of www.prologis.com.A telephonic replay will be available July 16 - July 30 at +1 (877) 660-6853 (from the United States and Canada) or +1 (201) 612-7415 (from all other countries) using access code 13757425. The webcast replay will be posted in the Investor Relations section of www.prologis.com under "Events & Presentations."About Prologis
The world runs on logistics. At Prologis, we don't just lead the industry, we define it. We create the intelligent infrastructure that powers global commerce, seamlessly connecting the digital and physical worlds. From agile supply chains to clean energy solutions, our ecosystems help your business move faster, operate smarter and grow sustainably. With unmatched scale, innovation and expertise, Prologis is a category of one–not just shaping the future of logistics but building what comes next. Learn more at Prologis.com.Forward-Looking Statements
The statements in this document that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which we operate as well as management's beliefs and assumptions. Such statements involve uncertainties that could significantly impact our financial results. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," and "estimates" including variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future—including statements relating to rent and occupancy growth, acquisition and development activity, including data center developments and power procurement related thereto, contribution and disposition activity, general conditions in the geographic areas where we operate, expectations regarding new lines of business, our debt, capital structure and financial position, our ability to earn revenues from co-investment ventures, form new co-investment ventures and the availability of capital in existing or new co-investment ventures—are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and, therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) international, national, regional and local economic and political climates and conditions; (ii) changes in global financial markets, interest rates and foreign currency exchange rates; (iii) increased or unanticipated competition for our properties; (iv) risks associated with acquisitions, dispositions and development of properties, including the integration of the operations of significant real estate portfolios; (v) maintenance of Real Estate Investment Trust status, tax structuring and changes in income tax laws and rates; (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings; (vii) risks related to our investments in our co-investment ventures, including our ability to establish new co-investment ventures; (viii) risks of doing business internationally, including currency risks; (ix) environmental uncertainties, including risks of natural disasters; and (x) those additional factors discussed in reports filed with the Securities and Exchange Commission by us under the heading "Risk Factors." We undertake no duty to update any forward-looking statements appearing in this document except as may be required by law. View original content to download multimedia:https://www.prnewswire.com/news-releases/prologis-to-announce-second-quarter-2026-results-july-16-2026-302791931.htmlSOURCE Prologis, Inc. Original: Prologis to Announce Second Quarter 2026 Results July 16, 2026

Prologis to Participate in REITWeek 2026: Nareit's Investor ConferenceMay 28, 2026 4:30 PM
PR Newswire (US) SAN FRANCISCO, May 28, 2026 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD) today announced that Dan Letter, chief executive officer, and Tim Arndt, chief financial officer, will present at REITWeek 2026 on Tuesday, June 2, at 11:00 a.m. ET.Prologis' presentation will be broadcast live via audio webcast and an audio replay will be available thereafter. The live broadcast and replay can be accessed on https://ir.prologis.com/events-presentations.About Prologis
The world runs on logistics. At Prologis, we don't just lead the industry, we define it. We create the intelligent infrastructure that powers global commerce, seamlessly connecting the digital and physical worlds. From agile supply chains to clean energy solutions, our ecosystems help your business move faster, operate smarter and grow sustainably. With unmatched scale, innovation and expertise, Prologis is a category of one – not just shaping the future of logistics but building what comes next. Learn more at Prologis.com.Forward-Looking Statements
The statements in this document that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which we operate as well as management's beliefs and assumptions. Such statements involve uncertainties that could significantly impact our financial results. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," and "estimates" including variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future—including statements relating to rent and occupancy growth, acquisition and development activity, including data center developments and power procurement related thereto, contribution and disposition activity, general conditions in the geographic areas where we operate, expectations regarding new lines of business, our debt, capital structure and financial position, our ability to earn revenues from co-investment ventures, form new co-investment ventures and the availability of capital in existing or new co-investment ventures—are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and, therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) international, national, regional and local economic and political climates and conditions; (ii) changes in global financial markets, interest rates and foreign currency exchange rates; (iii) increased or unanticipated competition for our properties; (iv) risks associated with acquisitions, dispositions and development of properties, including the integration of the operations of significant real estate portfolios; (v) maintenance of Real Estate Investment Trust status, tax structuring and changes in income tax laws and rates; (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings; (vii) risks related to our investments in our co-investment ventures, including our ability to establish new co-investment ventures; (viii) risks of doing business internationally, including currency risks; (ix) environmental uncertainties, including risks of natural disasters; and (x) those additional factors discussed in reports filed with the Securities and Exchange Commission by us under the heading "Risk Factors." We undertake no duty to update any forward-looking statements appearing in this document except as may be required by law.  View original content to download multimedia:https://www.prnewswire.com/news-releases/prologis-to-participate-in-reitweek-2026-nareits-investor-conference-302784990.htmlSOURCE Prologis, Inc. Original: Prologis to Participate in REITWeek 2026: Nareit's Investor Conference

PROLOGIS DECLARES QUARTERLY DIVIDENDApril 28, 2026 5:00 PM
PR Newswire (US)

SAN FRANCISCO, April 28, 2026 /PRNewswire/ -- The Board of Directors of Prologis, Inc. (NYSE: PLD) declared a regular cash dividend for the quarter ending June 30, 2026, on the following securities:A dividend of $1.07 per share of the company's common stock, payable on June 30, 2026, to common stockholders of record at the close of business on June 16, 2026; andA dividend of $1.0675 per share of the company's 8.54% Series Q Cumulative Redeemable Preferred Stock, payable on June 30, 2026, to Series Q stockholders of record at the close of business on June 16, 2026.ABOUT PROLOGIS
The world runs on logistics. At Prologis, we don't just lead the industry, we define it. We create the intelligent infrastructure that powers global commerce, seamlessly connecting the digital and physical worlds. From agile supply chains to clean energy solutions, our ecosystems help your business move faster, operate smarter and grow sustainably. With unmatched scale, innovation and expertise, Prologis is a category of one–not just shaping the future of logistics but building what comes next. Learn more at Prologis.com.FORWARD-LOOKING STATEMENTS
The statements in this document that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which we operate as well as management's beliefs and assumptions. Such statements involve uncertainties that could significantly impact our financial results. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," and "estimates" including variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future—including statements relating to rent and occupancy growth, acquisition and development activity, including data center developments and power procurement related thereto, contribution and disposition activity, general conditions in the geographic areas where we operate, expectations regarding new lines of business, our debt, capital structure and financial position, our ability to earn revenues from co-investment ventures, form new co-investment ventures and the availability of capital in existing or new co-investment ventures—are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and, therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) international, national, regional and local economic and political climates and conditions; (ii) changes in global financial markets, interest rates and foreign currency exchange rates; (iii) increased or unanticipated competition for our properties; (iv) risks associated with acquisitions, dispositions and development of properties, including the integration of the operations of significant real estate portfolios; (v) maintenance of Real Estate Investment Trust status, tax structuring and changes in income tax laws and rates; (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings; (vii) risks related to our investments in our co-investment ventures, including our ability to establish new co-investment ventures; (viii) risks of doing business internationally, including currency risks; (ix) environmental uncertainties, including risks of natural disasters; and (x) those additional factors discussed in reports filed with the Securities and Exchange Commission by us under the heading "Risk Factors." We undertake no duty to update any forward-looking statements appearing in this document except as may be required by law.





View original content to download multimedia:https://www.prnewswire.com/news-releases/prologis-declares-quarterly-dividend-302756285.htmlSOURCE Prologis, Inc.

Original: PROLOGIS DECLARES QUARTERLY DIVIDEND

Prologis Reports First Quarter 2026 ResultsApril 16, 2026 8:00 AM
PR Newswire (US)

Delivers record leasing and scales data center platformSAN FRANCISCO, April 16, 2026 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD) today announced the following results for the quarter ended March 31, 2026:Net earnings per diluted share was $1.05 for the quarter compared with $0.63 for the corresponding period in 2025.Core funds from operations (Core FFO)* per diluted share was $1.50 for the quarter compared with $1.42 for the corresponding period in 2025.Core FFO, excluding Net Promote Income (Expense)* per diluted share was $1.52 for the quarter compared with $1.43 for the corresponding period in 2025."We delivered record lease signings of 64 million square feet in our logistics business this quarter, reflecting the strength of our platform and resilient customer demand," said Daniel S. Letter, chief executive officer of Prologis. "We also advanced our data center platform with $1.3 billion of build-to-suit development starts, and we are scaling digital infrastructure and energy to support our next phase of growth.""Through our Strategic Capital platform, new partnerships with GIC and La Caisse will expand our access to capital and enhance our ability to invest at scale while preserving balance sheet strength and financial flexibility," said Timothy D. Arndt, chief financial officer of Prologis. "Even amid an uncertain geopolitical environment, this combination of strong execution and capital strength underpins our increased Core FFO outlook."OPERATING PERFORMANCE  Owned & Managed1Q26Average Occupancy95.3 %Period End Occupancy95.3 %Leases Commenced (Operating and Development Portfolio)66.7 MSFRetention75.8 %
  ?  Prologis Share1Q26Average Occupancy95.4 %Cash Same Store NOI*8.8 %Net Effective Rent Change31.9 %Cash Rent Change16.8 %DEPLOYMENT ACTIVITYPrologis Share1Q26Acquisitions$268M     Weighted avg stabilized cap rate (excluding other real estate)4.7 %Development Stabilizations$1,113M     Estimated weighted avg yield7.6 %     Estimated weighted avg margin34.8 %     Estimated value creation$387M     % Build-to-suit47.5 %Development Starts$1,783M     Estimated weighted avg yield8.8 %     Estimated weighted avg margin32.0 %     Estimated value creation$571M     % Build-to-suit81.2 %Total Dispositions and Contributions$676MWeighted avg stabilized cap rate (excluding land, properties under development, and other real estate)5.1 %BALANCE SHEET STRENGTH & LIQUIDITY
During the quarter, the company:Closed, together with its co-investment ventures, an aggregate of $5.5 billion of debt at a weighted average interest rate of 3.7% and a weighted average term of 5.9 years. The activity included the extension of the maturity date of one of the company's $3.0 billion revolving line of credit.As of quarter-end:Total available liquidity was approximately $6.7 billion.Debt-to-Adjusted EBITDA* was 4.8x and debt as a percentage of total market capitalization was 23.8%.The weighted average interest rate on the company's share of total debt was 3.3%, with a weighted average term of 8.1 years.Forecasted earnings for 2026, 2027 and 2028 are 99%, 97% and 97%, respectively, in USD or hedged through derivative contracts and 96% of Prologis' equity was in USD.2026 GUIDANCE Prologis' guidance for net earnings is included in the table below as well as guidance for Core FFO*, which are reconciled in our supplemental information. 2026 GUIDANCEEarnings (per diluted share)  Previous CurrentNet earnings attributable to common stockholders$3.70 to $4.00$3.80 to $4.05Core FFO attributable to common stockholders/unitholders*$6.00 to $6.20$6.07 to $6.23Core FFO attributable to common stockholders/unitholders, excluding Net Promote Income (Expense)*$6.05 to $6.25$6.12 to $6.28
Operations - Prologis Share Previous Current Average occupancy94.75% to 95.75%95.00% to 95.75%Cash Same Store NOI*5.75% to 6.75%6.25% to 7.00%Net Effective Same Store NOI*4.25% to 5.25%4.75% to 5.50%
Strategic Capital (in millions)PreviousCurrentStrategic Capital revenue, excluding promote revenue$650 to $670$660 to $680Net Promote Income (Expense)1$(50)$(50)


G&A (in millions)PreviousCurrentGeneral & administrative expenses$500 to $520$510 to $525
Capital Deployment - Prologis Share (in millions)2PreviousCurrent Development stabilizations$2,250 to $2,750$2,250 to $2,750Development starts$3,000 to $4,000$3,500 to $4,500Acquisitions$1,000 to $1,500$1,000 to $1,500Contributions$1,500 to $2,000$1,750 to $2,250Dispositions$1,750 to $2,250$1,750 to $2,250Realized development gains$400 to $600$500 to $700Net promote expense relates to amortization of stock compensation issued to employees related to promote income recognized in prior periods.Inclusive of data centers.*This is a non-GAAP financial measure. See the Notes and Definitions in our supplemental information for further explanation and a reconciliation to the most directly comparable GAAP measure.The earnings guidance described above includes potential gains recognized from real estate transactions but excludes any future or potential foreign currency or derivative gains or losses as our guidance assumes constant foreign currency rates. In reconciling from net earnings to Core FFO*, Prologis makes certain adjustments, including but not limited to our share of real estate depreciation and amortization expense, gains (losses) recognized from real estate transactions and early extinguishment of debt, impairment charges, deferred taxes and unrealized gains or losses on foreign currency or derivative activity. The difference between the company's Core FFO* and net earnings guidance relates predominantly to these items. Please refer to our quarterly Supplemental Information, which is available on our Investor Relations website at https://ir.prologis.com and on the SEC's website at www.sec.gov for a definition of Core FFO* and other non-GAAP measures used by Prologis, along with reconciliations of these items to the closest GAAP measure for our results and guidance.April 16, 2026, CALL DETAILS 
The call will take place on Thursday, April 16, 2026, at 9:00 a.m. PT/12:00 p.m. ET. To access a live broadcast of the call, please dial +1 (877) 897-2615 (toll-free from the United States and Canada) or +1 (201) 689-8514 (from all other countries). A live webcast can be accessed from the Investor Relations section of www.prologis.com.A telephonic replay will be available April 16 - April 30 at +1 (877) 660-6853 (from the United States and Canada) or +1 (201) 612-7415 (from all other countries) using access code 13757425. The webcast replay will be posted in the Investor Relations section of www.prologis.com under "Events & Presentations."ABOUT PROLOGIS
The world runs on logistics. At Prologis, we don't just lead the industry, we define it. We create the intelligent infrastructure that powers global commerce, seamlessly connecting the digital and physical worlds. From agile supply chains to clean energy solutions, our ecosystems help your business move faster, operate smarter and grow sustainably. With unmatched scale, innovation and expertise, Prologis is a category of one–not just shaping the future of logistics but building what comes next. Learn more at Prologis.com.FORWARD-LOOKING STATEMENTS
The statements in this document that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which we operate as well as management's beliefs and assumptions. Such statements involve uncertainties that could significantly impact our financial results. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," and "estimates" including variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future—including statements relating to rent and occupancy growth, acquisition and development activity, including data center developments and power procurement related thereto, contribution and disposition activity, general conditions in the geographic areas where we operate, expectations regarding new lines of business, our debt, capital structure and financial position, our ability to earn revenues from co-investment ventures, form new co-investment ventures and the availability of capital in existing or new co-investment ventures—are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and, therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) international, national, regional and local economic and political climates and conditions; (ii) changes in global financial markets, interest rates and foreign currency exchange rates; (iii) increased or unanticipated competition for our properties; (iv) risks associated with acquisitions, dispositions and development of properties, including the integration of the operations of significant real estate portfolios; (v) maintenance of Real Estate Investment Trust status, tax structuring and changes in income tax laws and rates; (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings; (vii) risks related to our investments in our co-investment ventures, including our ability to establish new co-investment ventures; (viii) risks of doing business internationally, including currency risks; (ix) environmental uncertainties, including risks of natural disasters; and (x) those additional factors discussed in reports filed with the Securities and Exchange Commission by us under the heading "Risk Factors." We undertake no duty to update any forward-looking statements appearing in this document except as may be required by law. dollars in millions, except per share/unit dataThree Months Ended March 31,


20262025Rental and other revenues$                             2,137$                             1,999Strategic capital revenues161141
Total revenues2,2982,140Net earnings attributable to common stockholders980592Core FFO attributable to common stockholders/unitholders*1,4401,356AFFO attributable to common stockholders/unitholders*1,4721,084Adjusted EBITDA attributable to common stockholders/unitholders*2,1781,771Estimated value creation from development stabilizations - Prologis Share387240Common stock dividends and common limited partnership unit distributions1,026965




Per common share - diluted:


Net earnings attributable to common stockholders$                               1.05$                               0.63
Core FFO attributable to common stockholders/unitholders*1.501.42
Core FFO attributable to common stockholders/unitholders, excluding Net Promote Income (Expense)*1.521.43
Business line reporting:



Real estate* 1.451.36

Strategic capital* 0.050.06

Core FFO attributable to common stockholders/unitholders*1.501.42

Realized development gains, net of taxes*0.300.03Dividends and distributions per common share/unit1.071.01




*This is a non-GAAP financial measure. Please see our Notes and Definitions for further explanation.

 in thousandsMarch 31, 2026
December 31, 2025Assets:


Investments in real estate properties:


Operating properties$                                                   80,875,731
$                                                   80,561,020Development portfolio2,492,161
3,019,009Land4,684,949
4,888,153Other real estate investments7,188,604
6,661,174
95,241,445
95,129,356Less accumulated depreciation15,298,353
14,729,149Net investments in real estate properties79,943,092
80,400,207Investments in and advances to unconsolidated entities11,241,723
11,093,936Assets held for sale or contribution499,799
203,344Net investments in real estate91,684,614
91,697,487



Cash and cash equivalents861,144
1,145,647Other assets5,587,693
5,881,122Total assets$                                                   98,133,451
$                                                   98,724,256



Liabilities and Equity:


Liabilities:


Debt $                                                   34,669,592
$                                                   35,037,073Accounts payable, accrued expenses and other liabilities5,515,367
5,933,175Total liabilities40,184,959
40,970,248



Equity:


Stockholders' equity53,503,401
53,193,178Noncontrolling interests3,316,274
3,316,713Noncontrolling interests - limited partnership unitholders1,128,817
1,244,117Total equity57,948,492
57,754,008



Total liabilities and equity$                                                   98,133,451
$                                                   98,724,256 
Three Months Ended
March 31,in thousands, except per share amounts20262025Revenues:

Rental$                    2,125,084$                    1,987,265Strategic capital 160,812141,139Development management and other 11,82711,261Total revenues2,297,7232,139,665


Expenses:

Rental 520,283488,317Strategic capital 81,88960,777General and administrative 126,890114,701Depreciation and amortization731,506652,058Other10,1239,649Total expenses1,470,6911,325,502


Operating income before gains on real estate transactions, net$                       827,032$                       814,163Gains on dispositions of development properties and land, net292,98327,451Gains on other dispositions of investments in real estate, net91,04036,799Operating income$                    1,211,055$                       878,413Other income (expense):

Earnings from unconsolidated entities, net93,29667,899Interest expense(254,286)(231,751)Foreign currency, derivative and other gains (losses) and other income (expense), net44,611(31,658)Gains (losses) on early extinguishment of debt, net(1,890)—Total other income (expense)(118,269)(195,510)


Earnings before income taxes1,092,786682,903Current income tax benefit (expense)(47,781)(36,701)Deferred income tax benefit (expense)(190)(6,682)Consolidated net earnings1,044,815639,520Net earnings attributable to noncontrolling interests(39,978)(31,576)Net earnings attributable to noncontrolling interests - limited partnership units(22,861)(14,991)Net earnings attributable to controlling interests981,976592,953Preferred stock dividends(1,500)(1,452)Net earnings attributable to common stockholders $                       980,476$                       591,501Weighted average common shares outstanding - Diluted957,561956,080Net earnings per share attributable to common stockholders - Diluted$                             1.05$                             0.63 
Three Months Ended
March 31,in thousands20262025





Net earnings attributable to common stockholders$                       980,476$                        591,501Add (deduct) NAREIT defined adjustments:

Real estate related depreciation and amortization705,550632,686Gains on other dispositions of investments in real estate, net of taxes (excluding development properties and land)(91,040)(35,807)Adjustments related to noncontrolling interests(10,737)(18,407)Our proportionate share of adjustments related to unconsolidated entities151,155150,624


NAREIT defined FFO attributable to common stockholders/unitholders*$                    1,735,404$                     1,320,597


Add (deduct) our modified adjustments:

Unrealized foreign currency, derivative and other losses (gains), net(14,269)54,898Deferred income tax expense (benefit)1906,682Adjustments related to noncontrolling interests712—Our proportionate share of adjustments related to unconsolidated entities(725)1,371FFO, as modified by Prologis attributable to common stockholders/unitholders*$                    1,721,312$                     1,383,548


Add (deduct) Core FFO defined adjustments:

Gains on dispositions of development properties and land, net(292,983)(27,451)Current income tax expense (benefit) on dispositions1,302144Losses (gains) on early extinguishment of debt, net1,890—Adjustments related to noncontrolling interests27173Our proportionate share of adjustments related to unconsolidated entities8,701(283)


Core FFO attributable to common stockholders/unitholders*$                    1,440,493$                     1,356,031


Add (deduct) AFFO defined adjustments:

Gains on dispositions of development properties and land, net292,98327,451Current income tax benefit (expense) on dispositions(1,302)(144)Straight-lined rents and amortization of lease intangibles(165,749)(180,361)Property improvements(26,065)(34,367)Turnover costs(123,816)(123,123)Amortization of debt discount, financing costs and management contracts, net21,40021,112Stock compensation amortization expense60,63253,161Adjustments related to noncontrolling interests19,62813,982Our proportionate share of adjustments related to unconsolidated entities(46,311)(49,819)AFFO attributable to common stockholders/unitholders*$                    1,471,893$                     1,083,923


*This is a non-GAAP financial measure. Please see our Notes and Definitions for further explanation. 
Three Months Ended
March 31,in thousands20262025


Net earnings attributable to common stockholders$                        980,476$                       591,501Gains on other dispositions of investments in real estate, net (excluding development properties and land)(91,040)(36,799)Depreciation and amortization expense731,506652,058Interest charges237,908215,650Current and deferred income tax expense, net47,97143,383Net earnings attributable to noncontrolling interests - limited partnership units22,86114,991NOI adjustments for real estate transactions9,2647,829Preferred stock dividends1,5001,452Unrealized foreign currency, derivative and other losses (gains), net(14,269)54,898Stock compensation amortization expense60,63253,161Losses (gains) on early extinguishment of debt, net1,890—Adjustments related to noncontrolling interests(33,544)(33,850)Our proportionate share of adjustments related to unconsolidated entities222,879207,162Adjusted EBITDA attributable to common stockholders/unitholders*$                     2,178,034$                    1,771,436


*This is a non-GAAP financial measure. Please see our Notes and Definitions for further explanation. Adjusted EBITDA. We use Adjusted EBITDA attributable to common stockholders/unitholders ("Adjusted EBITDA"), a non-GAAP financial measure, as a measure of our operating performance. The most directly comparable GAAP measure is net earnings.We believe Adjusted EBITDA provides relevant and useful information by offering insight into our operating performance before the effects of financing decisions, income taxes, and certain non-cash or non-recurring charges.We calculate Adjusted EBITDA by beginning with consolidated net earnings attributable to common stockholders and removing the effect of:gains or losses from the disposition of investments in real estate (excluding development properties and land);depreciation and amortization expense;impairment charges;interest charges;current and deferred income taxes;preferred stock dividends;unrealized gains or losses on foreign currency and derivatives;stock compensation amortization expense;gains from the revaluation of equity investments upon acquisition of a controlling interest; andgains or losses on early extinguishment of debt and derivative contracts (including cash charges).We also include an adjustment to reflect a full period of NOI on the operating properties we acquire or stabilize during the quarter and to remove NOI on properties we dispose of during the quarter, assuming all transactions occurred at the beginning of the quarter. For properties we contribute, we make an adjustment to reflect NOI at the new ownership percentage for the full quarter.We calculate Adjusted EBITDA based on our proportionate ownership share of both our unconsolidated entities and consolidated ventures. We reflect our share of Adjusted EBITDA measures for unconsolidated entities by applying our average ownership percentage for the period to the applicable adjusting items on an entity-by-entity basis. We reflect our share for consolidated ventures in which we do not own 100% of the equity by removing the noncontrolling interests share of the applicable adjustments based on our average ownership percentage for the applicable periods.While we believe Adjusted EBITDA is an important supplemental measure, it should not be used alone as it excludes significant components of net earnings computed under GAAP and is therefore limited as an analytical tool. We do not use Adjusted EBITDA as an alternative measure to net earnings computed under GAAP or as an alternative to cash from operating activities computed under GAAP or as an indicator of our ability to fund our cash needs. Our computation of Adjusted EBITDA may not be comparable to EBITDA reported by other companies in both the real estate industry and other industries. We compensate for the limitations of Adjusted EBITDA by providing investors with financial statements prepared according to GAAP, along with this detailed discussion of Adjusted EBITDA and a reconciliation to Adjusted EBITDA from consolidated net earnings attributable to common stockholders.Business Line Reporting is a non-GAAP financial measure. Core FFO and development gains are generated by our three lines of business: (i) real estate operations; (ii) strategic capital; and (iii) development. The real estate operations line of business represents total Prologis Core FFO, less the amount allocated to the strategic capital line of business. The amount of Core FFO allocated to the strategic capital line of business represents the third-party share of asset management fees and transactional fees that we earn from our consolidated and unconsolidated co-investment ventures less costs directly associated with our strategic capital group and Net Promote Income (Expense). Realized development gains include our share of gains on dispositions of development properties and land, net of taxes. To calculate the per share amount, the amount generated by each line of business is divided by the weighted average diluted common shares outstanding used in our Core FFO per share calculation. Management believes evaluating our results by line of business is a useful supplemental measure of our operating performance because it helps the investing public compare the operating performance of Prologis' respective businesses to other companies' comparable businesses. Prologis' computation of FFO by line of business may not be comparable to that reported by other real estate companies as they may use different methodologies in computing such measures.Calculation of Per Share Amounts


Three Months Ended
Mar. 31,in thousands, except per share amount20262025Net earnings

Net earnings attributable to common stockholders$       980,476$        591,501Noncontrolling interest attributable to exchangeable limited partnership units 23,02714,991Adjusted net earnings attributable to common stockholders - Diluted$     1,003,503$       606,492Weighted average common shares outstanding - Basic931,261927,338Incremental weighted average effect on exchange of limited partnership units         21,97923,501Incremental weighted average effect of equity awards 4,3215,241Weighted average common shares outstanding - Diluted957,561956,080Net earnings per share - Basic$          1.05$           0.64Net earnings per share - Diluted$          1.05$           0.63
Three Months Ended
Mar. 31,in thousands, except per share amount20262025Core FFO

Core FFO attributable to common stockholders/unitholders$      1,440,493$      1,356,031Noncontrolling interest attributable to exchangeable limited partnership units 232294Core FFO attributable to common stockholders/ unitholders - Diluted $      1,440,725$      1,356,325Less: Net Promote Income (Expense)(12,382)(10,893)Core FFO attributable to common stockholders/ unitholders, excluding Net
Promote Income (Expense) - Diluted $      1,453,107$      1,367,218Weighted average common shares outstanding - Basic931,261927,338Incremental weighted average effect on exchange of limited partnership units 21,97923,779Incremental weighted average effect of equity awards 4,3215,241Weighted average common shares outstanding - Diluted957,561956,358Core FFO per share - Diluted $           1.50$           1.42Core FFO per share, excluding Net Promote Income (Expense) - Diluted $           1.52$           1.43Development Portfolio includes industrial and non-industrial properties, data centers, yards and parking lots that are under development and properties that are developed but have not met Stabilization. At March 31, 2026, total TEI for yards, parking lots, data centers and non-industrial assets was $2.0 billion on an Owned and Managed and $1.9 billion on a Prologis Share basis. We do not disclose square footage for yards and parking lots.Estimated Value Creation represents the value that we expect to create through our development and leasing activities. We calculate Estimated Value Creation by estimating the Stabilized NOI that the property will generate and applying a stabilized capitalization rate applicable to that property. Estimated Value Creation is calculated as the amount by which the value exceeds our TEI, including closing costs and taxes, if any, and does not include any fees or promotes we may earn. Estimated Weighted Average Margin is calculated on development properties as Estimated Value Creation, less estimated closing costs and taxes, if any, on properties expected to be sold or contributed, divided by TEI.Estimated Weighted Average Stabilized Yield is calculated on the properties in the Development Portfolio as Stabilized NOI divided by TEI. The yields on a Prologis Share basis were as follows:
Pre-Stabilized Developments2026 Expected Completion2027 and Thereafter Expected
CompletionTotal Development PortfolioU.S.5.8 %6.6 %8.6 %7.7 %Other Americas6.5 %9.0 %7.5 %7.1 %Europe5.3 %5.4 %5.6 %5.4 %Asia7.4 %6.2 %4.6 %5.5 %Total 6.2 %6.2 %8.0 %7.0 %FFO, as modified by Prologis attributable to common stockholders/unitholders ("FFO, as modified by Prologis"); Core FFO attributable to common stockholders/unitholders ("Core FFO"); AFFO attributable to common stockholders/unitholders ("AFFO"); (collectively referred to as "FFO"). FFO is a non-GAAP financial measure that is commonly used in the real estate industry, with net earnings as the most directly comparable GAAP measure.The National Association of Real Estate Investment Trusts ("NAREIT") defines FFO as earnings computed under GAAP to exclude depreciation and gains and losses from sales net of any related tax, along with impairment charges, of previously depreciated properties. We exclude the gains on revaluation of equity investments upon acquisition of a controlling interest and the gain recognized from a partial sale of our investment, as these are similar to gains from the sales of previously depreciated properties. This measure excludes similar adjustments from our unconsolidated entities and the third parties' share of our consolidated ventures.Our FFO MeasuresOur FFO measures begin with NARElT's definition, with certain adjustments to calculate FFO, as modified by Prologis, and Core FFO, both as defined below, to reflect our business and execution of our management strategy. While these adjustments are subject to significant fluctuations from period to period, with both positive and negative short-term impacts, the removal of the effects of these items enhances our understanding of the core operating performance of our properties over the long term.We use FFO, as modified by Prologis, so that management, analysts and investors are able to evaluate our performance against other REITs that do not have similar operations or operations in jurisdictions outside the U.S. We use both Core FFO and AFFO to (i) assess our operating performance as compared to other real estate companies; (ii) evaluate our performance and the performance of our properties in comparison with expected results and results of previous periods; (iii) evaluate the performance of our management; (iv) budget and forecast future results to assist in the allocation of resources; (v) provide guidance to the financial markets to understand our expected operating performance; and (vi)  evaluate how a specific potential investment will impact our future results.We calculate our FFO measures based on our proportionate ownership share of both our unconsolidated entities and consolidated ventures. We reflect our share of our FFO measures for unconsolidated entities by applying our average ownership percentage for the period to the applicable adjustments on an entity-by-entity basis. We reflect our share for consolidated ventures in which we do not own 100% of the equity by removing the noncontrolling interests share of the applicable adjustments based on our average ownership percentage for the applicable periods.FFO, as modified by PrologisTo arrive at FFO, as modified by Prologis, we adjust the NAREIT defined FFO measure to exclude:deferred income tax benefits and deferred income tax expenses recognized by our subsidiaries;current income tax expense related to acquired tax liabilities that were recorded as deferred tax liabilities in an acquisition, to the extent the expense is offset with a deferred income tax benefit  in earnings that is excluded from our defined FFO measure; andforeign currency exchange gains and losses resulting from (a) debt transactions between us and our foreign entities; (b) third-party debt that is used to hedge our investment in foreign entities; (c) derivative financial instruments related to any such debt transactions; and (d) mark-to-market adjustments associated with derivative and other financial instruments.Core FFOTo arrive at Core FFO, we adjust FFO, as modified by Prologis, to exclude the following:gains or losses from the disposition of land and development properties that were developed with the intent to contribute or sell;income tax expense related to the sale of investments in real estate;impairment charges recognized related to our investments in real estate generally as a result of our change in intent to contribute or sell these properties; andgains or losses from the early extinguishment of debt and redemption and repurchase of preferred stock.AFFOTo arrive at AFFO, we adjust Core FFO to include realized gains from the disposition of land and development properties, net of current tax expense, turnover costs and property improvements and exclude the following items that we recognize directly in Core FFO:straight-line rents;amortization of above- and below-market lease intangibles;amortization of management contracts;amortization of debt premiums and discounts and financing costs, net of amounts capitalized; andstock compensation amortization expense.Limitations on the use of our FFO measuresWhile we believe our modified FFO measures are important supplemental measures, neither NAREIT's nor our measures of FFO should be used alone because they exclude significant components of net earnings computed under GAAP and are, therefore, limited as an analytical tool. Some of these limitations arise from excluding income tax expense that may be payable or depreciation and amortization expenses that reflect costs necessary to maintain operating performance. In addition, our FFO measure does not reflect changes in asset values resulting from fluctuations in market conditions or foreign currency exchange rates nor costs or benefits from settlement of deferred income taxes or the extinguishment of debt. We do not use NAREIT's nor our measures of FFO as alternatives to net earnings computed under GAAP or as alternatives to cash from operating activities computed under GAAP or as indicators of our ability to fund our cash needs.We compensate for the limitations by using our FFO measures only in conjunction with net earnings computed under GAAP when making our decisions. This information should be read with our complete Consolidated Financial Statements prepared under GAAP. To assist investors in compensating for these limitations, we reconcile our modified FFO measures from consolidated net earnings attributable to common stockholders.Guidance. The following is a reconciliation of our annual guided Net Earnings per share to our guided Core FFO per share:
Low HighNet earnings attributable to common stockholders (a)$ 3.80$   4.05Our share of:

Depreciation and amortization3.223.28Net gains on real estate transactions, net of taxes(0.95)(1.10)Unrealized foreign currency losses (gains), losses (gains) on early    extinguishment of debt and other, net ——Core FFO attributable to common stockholders/unitholders$ 6.07$   6.23Less: Net Promote Income (Expense)(0.05)(0.05)Core FFO attributable to common stockholders/unitholders, excluding Net Promote
Income (Expense)$ 6.12$   6.28

(a)Earnings guidance includes potential future gains recognized from real estate transactions, but excludes future foreign currency or derivative gains or losses as these items are difficult to predict.Market Capitalization equals Market Equity, less liquidation preference of the preferred shares/units, plus our share of total debt.Net Promote Income (Expense) is promote revenue earned from third-party investors during the period, net of related cash and stock compensation expenses, and taxes and foreign currency derivative gains and losses, if applicable.Operating Portfolio represents industrial properties in our Owned and Managed portfolio that have reached Stabilization. Assets held for sale, Non-Strategic Assets and non-industrial assets are excluded from the portfolio. NOI of our Operating Portfolio excludes net termination fees and adjustments. Prologis Share of NOI includes NOI for the properties contributed to or acquired from co-investment ventures at our actual share prior to and subsequent to change in ownership. The U.S. markets not presented consist of Austin, Charlotte, Columbus, Denver, Louisville, Portland, Raleigh-Durham, Reno, San Antonio, Savannah and Tampa. The European countries not presented consist of Belgium, Czech Republic, Hungary, Italy, Poland, Slovakia, Spain and Sweden.Owned and Managed represents the consolidated properties as well as properties owned by our unconsolidated co-investment ventures, which we manage.Prologis Share represents our proportionate economic ownership of each entity, or property included in our total Owned and Managed portfolio, whether consolidated or unconsolidated.Rent Change (Cash) represents the percentage change in starting rental rates per the lease agreement, on new and renewed leases, commenced during the period compared with the previous ending rental rates in that same space. This measure excludes any short-term leases of less than one-year, holdover payments, free rent periods and introductory (teaser rates) defined as 50% or less of the stabilized rate.Rent Change (Net Effective) represents the percentage change in net effective rental rates (average rate over the lease term), on new and renewed leases, commenced during the period compared with the previous net effective rental rates for the same respective spaces. This measure excludes any short-term leases of less than one year and holdover payments.Retention is the square footage of all leases commenced during the period that are rented by existing tenants divided by the square footage of all expiring leases during the reporting period. The square footage of tenants that default or buy-out prior to expiration of their lease and short-term leases of less than one year, are not included in the calculation.Same Store. Our same store metrics are non-GAAP financial measures, which are commonly used in the real estate industry and expected from the financial community, on both a net effective and cash basis. We evaluate the performance of the operating properties we own and manage using a "same store" analysis because the population of properties in this analysis is consistent from period to period, which allows us and investors to analyze our ongoing business operations. We determine our same store metrics on property NOI, which is calculated as rental revenue less rental expense for the applicable properties in the same store population for both consolidated and unconsolidated properties based on our ownership interest, as further defined below.We define our same store population for the three months ended March 31, 2026 as the properties in our Owned and Managed Operating Portfolio, including the property NOI for both consolidated properties and properties owned by the unconsolidated co-investment ventures at January 1, 2025 and owned throughout the same three-month period in both 2025 and 2026.We believe the drivers of property NOI for the consolidated portfolio are generally the same for the properties owned by the ventures in which we invest and therefore we evaluate the same store metrics of the Owned and Managed portfolio based on Prologis' ownership in the properties ("Prologis Share").The same store population excludes properties held for sale to third parties, along with development properties that were not stabilized at the beginning of the period (January 1, 2025) and properties acquired or disposed of to third parties during the periods. To derive an appropriate measure of period- to-period operating performance, we remove the effects of foreign currency exchange rate movements by using the reported period-end exchange rate to translate from local currency into the U.S dollar, for both periods.As non-GAAP financial measures, the same store metrics have certain limitations as an analytical tool and may vary among real estate companies. As a result, we provide a reconciliation of Rental Revenues less Rental Expenses ("Property NOI") (from our Consolidated Financial Statements prepared in accordance with U.S GAAP) to our Same Store Property NOI measures, as follows:

Three Months Ended

Mar. 31,dollars in thousands20262025Change (%)Reconciliation of Consolidated Property NOI to Same Store Property NOI measures:


Rental revenues $   2,125,084$   1,987,265
Rental expenses(520,283)(488,317)
Consolidated Property NOI$   1,604,801$   1,498,948
Adjustments to derive same store results:



Property NOI from consolidated properties not included in same
     store portfolio and other adjustments (a)(150,967)(122,495)

Property NOI from unconsolidated co-investment ventures
     included in same store portfolio (a)(b)1,010,288956,327

Third parties' share of Property NOI from properties included in
     same store portfolio (a)(b)(785,354)(750,429)
Prologis Share of Same Store Property NOI - Net Effective (b)$   1,678,768$   1,582,3516.1 %
Consolidated properties straight-line rent and fair value lease
     amortization included in the same store portfolio (c)(134,307)(156,391)

Unconsolidated co-investment ventures straight-line rent and fair
     value lease amortization included in the same store portfolio (c)(45,957)(56,807)

Third parties' share of straight-line rent and fair value lease
      amortization included in the same store portfolio (b)(c)35,81041,376
Prologis Share of Same Store Property NOI - Cash (b)(c)$   1,534,314$   1,410,5298.8 %

(a) We exclude properties held for sale to third parties, along with development properties that were not stabilized at the beginning of the periods and properties acquired or disposed of to third parties during the periods. We also exclude one-time items due to early lease terminations, including termination fees received from customers and the write-off of related lease assets and liabilities, that are not indicative of the property's recurring operating performance in order to evaluate the growth or decline in each property's rental revenues. Same Store Property NOI is adjusted to include an allocation of property management expenses for our consolidated properties based on the property management services provided to each property (generally, based on a percentage of revenues). On consolidation, these amounts are eliminated and the actual costs of providing property management and leasing services are recognized as part of our consolidated rental expense.(b)We include the Property NOI for the same store portfolio for both consolidated properties and properties owned by the co-investment ventures based on our investment in the underlying properties. In order to calculate our share of Same Store Property NOI from the co-investment ventures in which we own less than 100%, we use the co-investment ventures' underlying Property NOI for the same store portfolio and apply our ownership percentage at March 31, 2026 to the Property NOI for both periods, including the properties contributed during the periods. We adjust the total Property NOI from the same store portfolio of the co-investment ventures by subtracting the third parties' share of both consolidated and unconsolidated co-investment ventures. During the periods presented, certain wholly owned properties were contributed to a co-investment venture and are included in the same store portfolio. Neither our consolidated results nor those of the co-investment ventures, when viewed individually, would be comparable on a same store basis because of the changes in composition of the respective portfolios from period to period (e.g. the results of a contributed property are included in our consolidated results through the contribution date and in the results of the venture subsequent to the contribution date based on our ownership interest at the end of the period). As a result, only line items labeled "Prologis Share of Same Store Property NOI" are comparable period over period.(c)We further remove certain noncash items (straight-line rent and fair value lease amortization) included in the financial statements prepared in accordance with U.S. GAAP to reflect a Same Store Property NOI - Cash measure.
We manage our business and compensate our executives based on the same store results of our Owned and Managed portfolio at 100% as we manage our portfolio on an ownership blind basis. We calculate those results by including 100% of the properties included in our same store portfolio.Stabilization is defined as the earlier of when a property that was developed has been completed for one year, is contributed to a co-investment venture following completion or is 90% occupied. Upon Stabilization, a property is moved into our Operating Portfolio.Total Expected Investment ("TEI") represents total estimated cost of development or expansion, including land, development and leasing costs. TEI is based on current projections and is subject to change.Weighted Average Interest Rate is based on the effective rate, which includes the amortization of related premiums and discounts and finance costs.Weighted Average Stabilized Capitalization ("Cap") Rate is calculated as Stabilized NOI divided by the Acquisition Price.





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Original: Prologis Reports First Quarter 2026 Results

La Caisse and Prologis Launch Pan-European Logistics Joint VentureApril 9, 2026 6:15 AM
PR Newswire (US)

A EUR 1 billion seed portfolio in logistics assets across France, Germany, the Netherlands, Sweden and the UK will anchor the launch of the joint venture.La Caisse will hold 70% interest, with Prologis serving as operating partner and contributing asset management and development expertise.The platform will grow through disciplined acquisitions and development in Europe's core logistics markets.MONTRÉAL and SAN FRANCISCO, April 9, 2026 /PRNewswire/ -- La Caisse (formerly CDPQ), a global investment group, and Prologis, Inc. (NYSE: PLD) today announce an agreement to create Prologis Logistics Investment Venture Europe (PLIVE), a new pan–European joint venture focused on acquiring, developing and operating high-quality logistics properties.La Caisse and Prologis will hold 70% and 30% interests, respectively, with governance rights shared between the partners. Prologis will provide specialized asset management and development expertise as the operating partner of the platform.The PLIVE launch portfolio will provide immediate scale in Europe's key logistics corridors and a strong foundation for demand-led, long-term growth. This venture builds on an established relationship between the two firms dating back to 2019, when they formed a logistics joint venture in Brazil.With approximately EUR 1 billion in seed assets (CAD 1.6 billion), the platform will initially combine income-generating properties and development sites contributed by both partners. This will include approximately 844,000 square metres of Class A logistics space across France, Germany, the Netherlands, Sweden and the United Kingdom."We have seen Prologis' best-in-class capabilities to drive returns firsthand through our partnership in Brazil, and we are building on our combined strengths to create a truly consolidated pan-European platform. This joint venture brings together Prologis' deep hands-on operational expertise and our vision to actively transform assets to enhance long-term value," said Rana Ghorayeb, Executive Vice-President and Head of Real Estate at La Caisse. "Together, we will gain greater exposure to the European logistics sector, strengthen execution, and maximize the performance and scale of our logistics portfolio.""Our partnership with La Caisse is built on years of working together and delivering results," said Ted Eliopoulos, Managing Director, Strategic Capital, Prologis. "Together, we're expanding that success in Europe—combining long-term capital with our operating platform to scale high-quality logistics assets across key markets."The partners plan to expand the platform through acquisitions and development across key European logistics corridors, leveraging Prologis' sourcing, development and operating platform.While the PLIVE platform will benefit from a shared pipeline of opportunities, Prologis will manage the properties, including accelerating leasing and development, with major strategic and financial decisions made jointly. The joint venture reflects the companies' confidence in the long-term fundamentals of the European logistics sector, as companies reshape supply chains, move production closer to home and continue to invest in e-commerce.The transaction, expected to close in the second quarter of 2026, remains subject to customary closing conditions and regulatory approvals.Goldman Sachs & Co. LLC acted as exclusive financial advisor to La Caisse.ABOUT LA CAISSEAt La Caisse, formerly CDPQ, we have invested for 60 years with a dual mandate: generate optimal long-term returns for our 48 depositors, who represent over 6 million Quebecers, and contribute to Québec's economic development.As a global investment group, we're active in the major financial markets, private equity, infrastructure, real estate and private credit. As at December 31, 2025, La Caisse's net assets totalled CAD 517 billion. For more information, visit lacaisse.com or consult our LinkedIn or Instagram pages.La Caisse is a registered trademark of Caisse de dépôt et placement du Québec that is protected in Canada and other jurisdictions and licensed for use by its subsidiaries. 
ABOUT PROLOGIS STRATEGIC CAPITAL Strategic Capital is Prologis' asset management business, which invests alongside institutional partners in logistics real estate and generates durable fee-based revenue while expanding the company's global presence and leveraging its operating platform. The business manages $102 billion in assets, including $67 billion of third-party capital.ABOUT PROLOGISThe world runs on logistics. At Prologis, we don't just lead the industry, we define it. We create the intelligent infrastructure that powers global commerce, seamlessly connecting the digital and physical worlds. From agile supply chains to clean energy solutions, our ecosystems help your business move faster, operate smarter and grow sustainably. With unmatched scale, innovation and expertise, Prologis is a category of one–not just shaping the future of logistics but building what comes next. Learn more at Prologis.com.For more information
La Caisse
CONRAD HARRINGTON
+ 1 514 847-5493
charrington@lacaisse.com Prologis - San Francisco (Global)
JENNIFER NELSON
+1 415-733-9409
jnelson2@prologis.comPrologis - Amsterdam (European)
CIAN MAC EOCHAIDH
+31 62 168 9697
cmaceochaidh@prologis.com



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Original: La Caisse and Prologis Launch Pan-European Logistics Joint Venture

La Caisse et Prologis lancent une coentreprise logistique paneuropéenneApril 9, 2026 6:00 AM
PR Newswire (Canada)

Un portefeuille initial de 1 G€ dans des actifs logistiques en France, en Allemagne, aux Pays-Bas, en Suède et au Royaume-Uni marquera le lancement de la coentreprise.La Caisse détiendra une participation de 70 %, tandis que Prologis agira en tant que partenaire d'exploitation et apportera son expertise en gestion d'actifs et en développement.La plateforme prendra de l'expansion au moyen d'acquisitions et d'un développement rigoureux au sein des principaux marchés logistiques d'Europe.MONTRÉAL et SAN FRANCISCO, le 9 avril 2026 /CNW/ - La Caisse (anciennement CDPQ), un groupe mondial d'investissement, et Prologis, inc. (NYSE: PLD) annoncent aujourd'hui une entente visant la création de Prologis Logistics Investment Venture Europe (PLIVE), une nouvelle coentreprise paneuropéenne visant l'acquisition, le développement et l'exploitation de propriétés logistiques de grande qualité.La Caisse et Prologis détiendront respectivement une participation de 70 % et 30 %, les droits de gouvernance étant partagés entre les partenaires. Prologis apportera une expertise spécialisée en gestion d'actifs et en développement à titre de partenaire opérationnel de la plateforme.Le portefeuille initial de PLIVE offrira une envergure immédiate dans les principaux corridors logistiques européens, tout en constituant une assise solide pour une croissance disciplinée, portée par la demande. Le projet s'inscrit dans le prolongement d'un partenariat établi entre les deux sociétés depuis 2019, année où elles ont formé une première coentreprise logistique au Brésil.Avec un actif de démarrage d'environ 1 G€ (1,6 G$ CA), la plateforme regroupe dans un premier temps des immeubles générateurs de revenus ainsi que des sites en développement provenant des deux partenaires. L'ensemble représente environ 844 000 mètres carrés d'espaces logistiques de catégorie A répartis en France, en Allemagne, aux Pays-Bas, en Suède et au Royaume-Uni.« Nous avons constaté d'emblée l'expertise de pointe de Prologis et sa capacité à générer des rendements grâce à notre partenariat au Brésil, et nous misons sur la complémentarité de nos forces pour cette nouvelle plateforme paneuropéenne pleinement intégrée. Cette coentreprise conjugue l'expertise opérationnelle approfondie de Prologis et notre vision de transformer activement les actifs afin de créer de la valeur à long terme », a déclaré Rana Ghorayeb, première vice-présidente et cheffe de l'Immobilier à La Caisse. « Ensemble, nous accroîtrons notre exposition au secteur européen de la logistique, renforcerons notre capacité d'exécution et maximiserons la performance et l'envergure de notre portefeuille logistique. »« Notre partenariat avec La Caisse repose sur de nombreuses années de collaboration et de résultats concrets », a déclaré Ted Eliopoulos, directeur général, Capital stratégique, chez Prologis. « Ensemble, nous étendons ce succès en Europe, en combinant des capitaux à long terme à notre plateforme opérationnelle pour étendre des actifs logistiques de grande qualité dans des marchés d'importance. »Les partenaires prévoient d'élargir la plateforme par des acquisitions et des projets de développement dans les principaux corridors logistiques européens, en s'appuyant sur la plateforme d'approvisionnement, de développement et d'exploitation de Prologis.Bien que PLIVE bénéficie d'un bassin commun d'occasions d'investissement, Prologis assumera la gestion des propriétés, notamment la location et le développement, tandis que les principales décisions stratégiques et financières seront prises conjointement. Cette annonce illustre la confiance des deux partenaires à l'égard des paramètres fondamentaux à long terme du secteur logistique européen, à l'heure où les entreprises redéfinissent leurs chaînes d'approvisionnement mondiales, rapprochent la production de leurs marchés domestiques et poursuivent leurs investissements dans le commerce électronique.La clôture de la transaction devrait survenir au deuxième trimestre de 2026, sous réserve des conditions de clôture habituelles et des approbations réglementaires.Goldman Sachs & Co. LLC a agi à titre de conseiller financier exclusif de La?Caisse.À PROPOS DE LA CAISSEÀ La Caisse, auparavant connue sous la marque CDPQ, nous investissons depuis 60 ans avec un double mandat : celui de générer des rendements optimaux à long terme pour nos 48 déposants, qui représentent plus de 6 millions de Québécois(e)s, tout en contribuant au développement économique du Québec.Comme groupe mondial d'investissement, nous sommes actifs dans les grands marchés financiers, en placements privés, en infrastructures, en immobilier et en crédit privé. Au 31 décembre 2025, l'actif net de La Caisse s'élevait à 517 G$ CA. Pour en savoir plus, visitez le site lacaisse.com et consultez nos pages LinkedIn ou Instagram.La Caisse est une marque de commerce propriété de la Caisse de dépôt et placement du Québec, protégée au Canada et dans d'autres juridictions, et utilisée sous licence par ses filiales. À PROPOS DE PROLOGIS STRATEGIC CAPITAL Strategic Capital est l'unité de gestion des actifs de Prologis. Elle investit aux côtés de partenaires institutionnels dans l'immobilier logistique, générant des revenus durables fondés sur des services tarifés, tout en renforçant la présence internationale de la société et en tirant parti de sa plateforme opérationnelle. Prologis Strategic gère des actifs totalisant 102 G$, dont 67 G$ de capitaux de tiers.À PROPOS DE PROLOGIS La logistique fait tourner le monde. Chez Prologis, nous ne nous contentons pas de diriger l'industrie de l'immobilier logistique : nous en redéfinissons les standards. Nous développons des infrastructures modernes et intelligentes qui dynamisent le commerce mondial, en connectant harmonieusement les mondes numérique et physique. Des chaînes d'approvisionnement agiles aux solutions d'énergie propre, nos écosystèmes aident les entreprises à évoluer plus rapidement, à fonctionner plus intelligemment et à croître durablement. Avec une envergure, une innovation et une expertise reconnues, Prologis n'anticipe pas seulement le futur de la logistique : nous le construisons.Pour de plus amples informations
La Caisse
CONRAD HARRINGTON
+1 514 847-5493
medias@lacaisse.comPrologis - San Francisco (International)
JENNIFER NELSON
+1 415-733-9409
jnelson2@prologis.comPrologis - Amsterdam (Europe)
CIAN MAC EOCHAIDH
+31 62 168 9697
cmaceochaidh@prologis.comSOURCE La Caisse

Original: La Caisse et Prologis lancent une coentreprise logistique paneuropéenne

La Caisse and Prologis Launch Pan-European Logistics Joint VentureApril 9, 2026 6:01 AM
PR Newswire (Canada)

A EUR 1 billion seed portfolio in logistics assets across France, Germany, the Netherlands, Sweden and the UK will anchor the launch of the joint venture.La Caisse will hold 70% interest, with Prologis serving as operating partner and contributing asset management and development expertise.The platform will grow through disciplined acquisitions and development in Europe's core logistics markets.MONTRÉAL and SAN FRANCISCO, April 9, 2026 /CNW/ - La Caisse (formerly CDPQ), a global investment group, and Prologis, Inc. (NYSE: PLD) today announce an agreement to create Prologis Logistics Investment Venture Europe (PLIVE), a new pan–European joint venture focused on acquiring, developing and operating high-quality logistics properties.La Caisse and Prologis will hold 70% and 30% interests, respectively, with governance rights shared between the partners. Prologis will provide specialized asset management and development expertise as the operating partner of the platform.The PLIVE launch portfolio will provide immediate scale in Europe's key logistics corridors and a strong foundation for demand-led, long-term growth. This venture builds on an established relationship between the two firms dating back to 2019, when they formed a logistics joint venture in Brazil.With approximately EUR 1 billion in seed assets (CAD 1.6 billion), the platform will initially combine income-generating properties and development sites contributed by both partners. This will include approximately 844,000 square metres of Class A logistics space across France, Germany, the Netherlands, Sweden and the United Kingdom."We have seen Prologis' best-in-class capabilities to drive returns firsthand through our partnership in Brazil, and we are building on our combined strengths to create a truly consolidated pan-European platform. This joint venture brings together Prologis' deep hands-on operational expertise and our vision to actively transform assets to enhance long-term value," said Rana Ghorayeb, Executive Vice-President and Head of Real Estate at La Caisse. "Together, we will gain greater exposure to the European logistics sector, strengthen execution, and maximize the performance and scale of our logistics portfolio.""Our partnership with La Caisse is built on years of working together and delivering results," said Ted Eliopoulos, Managing Director, Strategic Capital, Prologis. "Together, we're expanding that success in Europe—combining long-term capital with our operating platform to scale high-quality logistics assets across key markets."The partners plan to expand the platform through acquisitions and development across key European logistics corridors, leveraging Prologis' sourcing, development and operating platform.While the PLIVE platform will benefit from a shared pipeline of opportunities, Prologis will manage the properties, including accelerating leasing and development, with major strategic and financial decisions made jointly. The joint venture reflects the companies' confidence in the long-term fundamentals of the European logistics sector, as companies reshape supply chains, move production closer to home and continue to invest in e-commerce.The transaction, expected to close in the second quarter of 2026, remains subject to customary closing conditions and regulatory approvals.Goldman Sachs & Co. LLC acted as exclusive financial advisor to La Caisse.ABOUT LA CAISSEAt La Caisse, formerly CDPQ, we have invested for 60 years with a dual mandate: generate optimal long-term returns for our 48 depositors, who represent over 6 million Quebecers, and contribute to Québec's economic development.As a global investment group, we're active in the major financial markets, private equity, infrastructure, real estate and private credit. As at December 31, 2025, La Caisse's net assets totalled CAD 517 billion. For more information, visit lacaisse.com or consult our LinkedIn or Instagram pages.La Caisse is a registered trademark of Caisse de dépôt et placement du Québec that is protected in Canada and other jurisdictions and licensed for use by its subsidiaries. 
ABOUT PROLOGIS STRATEGIC CAPITAL Strategic Capital is Prologis' asset management business, which invests alongside institutional partners in logistics real estate and generates durable fee-based revenue while expanding the company's global presence and leveraging its operating platform. The business manages $102 billion in assets, including $67 billion of third-party capital.ABOUT PROLOGISThe world runs on logistics. At Prologis, we don't just lead the industry, we define it. We create the intelligent infrastructure that powers global commerce, seamlessly connecting the digital and physical worlds. From agile supply chains to clean energy solutions, our ecosystems help your business move faster, operate smarter and grow sustainably. With unmatched scale, innovation and expertise, Prologis is a category of one–not just shaping the future of logistics but building what comes next. Learn more at Prologis.com.For more information
La Caisse
CONRAD HARRINGTON
+ 1 514 847-5493
charrington@lacaisse.com Prologis - San Francisco (Global)
JENNIFER NELSON
+1 415-733-9409
jnelson2@prologis.comPrologis - Amsterdam (European)
CIAN MAC EOCHAIDH
+31 62 168 9697
cmaceochaidh@prologis.com



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Original: La Caisse and Prologis Launch Pan-European Logistics Joint Venture

Prologis and GIC Form $1.6 billion U.S. Build-to-Suit Logistics Joint VentureMarch 19, 2026 8:30 AM
PR Newswire (US)

Partnership to Fund Build-to-Suit Distribution Projects Across Major U.S. MarketsSAN FRANCISCO and SINGAPORE, March 19, 2026 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD) and GIC, a leading global institutional investor, have formed a $1.6 billion joint venture to develop and own build-to-suit logistics facilities across major U.S. markets, the companies announced today.The new venture includes $1.6 billion in combined capital commitments, which includes an initial portfolio of approximately 4.1 million square feet with additional capacity for future investments. Prologis is the world's largest logistics real estate company, with 1.3 billion square feet of properties in 20 countries and $230 billion of assets under management."Build-to-suit activity continues to be one of the clearest signals of customer conviction across our business," said Daniel S. Letter, chief executive officer of Prologis. "This joint venture with GIC builds on that momentum by pairing our platform and development expertise with a partner that shares our long-term perspective."The venture combines Prologis' development and operating platform with long-term institutional capital and will operate within Prologis Strategic Capital, the company's asset management business. It is designed to scale with demand as customer commitments are secured."With strong e-commerce growth, the re-shoring of supply chains and resilient consumer spending, industrial remains a strong long-term investment theme in North America," said Goh Chin Kiong, chief investment officer of Real Estate, GIC. "Our partnership with Prologis, a best-in-class operator, reflects our shared conviction in the sector and likeminded approach to deploying capital with discipline across cycles."Long-Term Leases and Custom Design Drive Build-to-Suit Demand
Build-to-suit development has become a larger share of Prologis' pipeline as customers make long-term commitments to distribution networks and operations. In 2025, the company started $3.1 billion in development projects, with build-to-suit accounting for more than 60% of those starts.Build-to-suit has proven resilient as customers prioritize certainty around location, functionality and long-term occupancy. Facilities are increasingly designed to support automation, high throughput and proximity to end markets, which makes purpose-built development a practical solution for supply chains that keep evolving.For institutional investors, build-to-suit also offers a distinct risk profile. These projects are typically pre-leased and built for long-term use, often supported by customers that view the facility as mission-critical to their network.The joint venture reinforces Prologis Strategic Capital as a growth platform, enabling Prologis to invest alongside institutional partners while bringing its development, operating and customer capabilities to each partnership.About Prologis Strategic Capital 
Strategic Capital is Prologis' asset management business, which invests alongside institutional partners in logistics real estate and generates durable fee-based revenue while expanding the company's global presence and leveraging its operating platform. The business manages $102 billion in assets, including $67 billion of third-party capital.About Prologis
The world runs on logistics. At Prologis, we don't just lead the industry, we define it. We create the intelligent infrastructure that powers global commerce, seamlessly connecting the digital and physical worlds. From agile supply chains to clean energy solutions, our ecosystems help your business move faster, operate smarter and grow sustainably. With unmatched scale, innovation and expertise, Prologis is a category of one–not just shaping the future of logistics but building what comes next. Learn more at Prologis.com.About GIC
GIC is a leading global investment firm established in 1981 to secure Singapore's financial future. As the manager of Singapore's foreign reserves, we take a long-term, disciplined approach to investing. Our asset allocation strategy spans three asset groups – Equities, Fixed Income, and Real Assets. These include investments in developed and emerging market equities, nominal and inflation-linked bonds, private equity, real estate, alternatives, and infrastructure. We are headquartered in Singapore, with a global presence including a talent force of over 2,300 people in 11 key financial cities and investments in over 40 countries. We seek to add meaningful value to our investments and be an investor of choice by leveraging our long-term approach, multi-asset capabilities, and global connectivity.For more information, please visit www.gic.com.sg or follow us on LinkedIn and Instagram.  










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Original: Prologis and GIC Form $1.6 billion U.S. Build-to-Suit Logistics Joint Venture

Prologis to Announce First Quarter 2026 Results April 16, 2026March 5, 2026 4:30 PM
PR Newswire (US)

SAN FRANCISCO, March 5, 2026 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD) will host a webcast and conference call with senior management to discuss its first quarter results, current market conditions and future outlook on Thursday, April 16, 2026, at 9:00 a.m. PT/12:00 p.m. ET.To access a live broadcast of the call, please dial +1 (877) 897-2615 (toll-free from the United States and Canada) or +1 (201) 689-8514 (from all other countries). A live webcast can be accessed from the Investor Relations section of www.prologis.com.A telephonic replay will be available April 16 - April 30 at +1 (877) 660-6853 (from the United States and Canada) or +1 (201) 612-7415 (from all other countries) using access code 13757425. The webcast replay will be posted in the Investor Relations section of www.prologis.com under "Events & Presentations."About Prologis
The world runs on logistics. At Prologis, we don't just lead the industry, we define it. We create the intelligent infrastructure that powers global commerce, seamlessly connecting the digital and physical worlds. From agile supply chains to clean energy solutions, our ecosystems help your business move faster, operate smarter and grow sustainably. With unmatched scale, innovation and expertise, Prologis is a category of one–not just shaping the future of logistics but building what comes next. Learn more at Prologis.com.Forward-Looking Statements
The statements in this document that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which we operate as well as management's beliefs and assumptions. Such statements involve uncertainties that could significantly impact our financial results. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," and "estimates" including variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future—including statements relating to rent and occupancy growth, acquisition and development activity, including data center developments and power procurement related thereto, contribution and disposition activity, general conditions in the geographic areas where we operate, expectations regarding new lines of business, our debt, capital structure and financial position, our ability to earn revenues from co-investment ventures, form new co-investment ventures and the availability of capital in existing or new co-investment ventures—are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and, therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) international, national, regional and local economic and political climates and conditions; (ii) changes in global financial markets, interest rates and foreign currency exchange rates; (iii) increased or unanticipated competition for our properties; (iv) risks associated with acquisitions, dispositions and development of properties, including the integration of the operations of significant real estate portfolios; (v) maintenance of Real Estate Investment Trust status, tax structuring and changes in income tax laws and rates; (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings; (vii) risks related to our investments in our co-investment ventures, including our ability to establish new co-investment ventures; (viii) risks of doing business internationally, including currency risks; (ix) environmental uncertainties, including risks of natural disasters; and (x) those additional factors discussed in reports filed with the Securities and Exchange Commission by us under the heading "Risk Factors." We undertake no duty to update any forward-looking statements appearing in this document except as may be required by law. 





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Original: Prologis to Announce First Quarter 2026 Results April 16, 2026

Prologis to Participate in Industry ConferencesFebruary 26, 2026 4:30 PM
PR Newswire (US)

SAN FRANCISCO, Feb. 26, 2026 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD) today announced that Dan Letter, chief executive officer, and Tim Arndt, chief financial officer, will present at the Citi 2026 Global Property CEO Conference on Monday, March 2, at 11:00 a.m. ET.Additionally, Tim Arndt will present at the Raymond James & Associates' 47th Annual Institutional Investors Conference on Tuesday, March 3, at 8:40 a.m. ET.Both of Prologis' presentations will broadcast live via audio webcast and an audio replay will be available thereafter. The live broadcast, replay, and presentation materials can be accessed on https://ir.prologis.com/events-presentations.About Prologis
The world runs on logistics. At Prologis, we don't just lead the industry, we define it. We create the intelligent infrastructure that powers global commerce, seamlessly connecting the digital and physical worlds. From agile supply chains to clean energy solutions, our ecosystems help your business move faster, operate smarter and grow sustainably. With unmatched scale, innovation and expertise, Prologis is a category of one–not just shaping the future of logistics but building what comes next. Learn more at Prologis.com.Forward-Looking Statements
The statements in this document that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which we operate as well as management's beliefs and assumptions. Such statements involve uncertainties that could significantly impact our financial results. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," and "estimates" including variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future—including statements relating to rent and occupancy growth, acquisition and development activity, including data center developments and power procurement related thereto, contribution and disposition activity, general conditions in the geographic areas where we operate, expectations regarding new lines of business, our debt, capital structure and financial position, our ability to earn revenues from co-investment ventures, form new co-investment ventures and the availability of capital in existing or new co-investment ventures—are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and, therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) international, national, regional and local economic and political climates and conditions; (ii) changes in global financial markets, interest rates and foreign currency exchange rates; (iii) increased or unanticipated competition for our properties; (iv) risks associated with acquisitions, dispositions and development of properties, including the integration of the operations of significant real estate portfolios; (v) maintenance of Real Estate Investment Trust status, tax structuring and changes in income tax laws and rates; (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings; (vii) risks related to our investments in our co-investment ventures, including our ability to establish new co-investment ventures; (viii) risks of doing business internationally, including currency risks; (ix) environmental uncertainties, including risks of natural disasters; and (x) those additional factors discussed in reports filed with the Securities and Exchange Commission by us under the heading "Risk Factors." We undertake no duty to update any forward-looking statements appearing in this document except as may be required by law. 





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Original: Prologis to Participate in Industry Conferences

Prologis Board of Directors Approves 6 Percent Increase in Quarterly Common Stock DividendFebruary 12, 2026 5:30 PM
PR Newswire (US)

SAN FRANCISCO, Feb. 12, 2026 /PRNewswire/ -- The Board of Directors of Prologis, Inc. (NYSE: PLD) today approved a plan to raise the company's annualized dividend by 6% to $4.28 per share of common stock.The board declared a regular cash dividend for the quarter ending March 31, 2026, on the following securities:A dividend of $1.07 per share of the company's common stock, payable on March 31, 2026, to common stockholders of record at the close of business on March 17, 2026; andA dividend of $1.0675 per share of the company's 8.54% Series Q Cumulative Redeemable Preferred Stock, payable on March 31, 2026, to Series Q stockholders of record at the close of business on March 17, 2026.About Prologis 
The world runs on logistics. At Prologis, we don't just lead the industry, we define it. We create the intelligent infrastructure that powers global commerce, seamlessly connecting the digital and physical worlds. From agile supply chains to clean energy solutions, our ecosystems help your business move faster, operate smarter and grow sustainably. With unmatched scale, innovation and expertise, Prologis is a category of one–not just shaping the future of logistics but building what comes next. Learn more at Prologis.com.FORWARD-LOOKING STATEMENTSThe statements in this document that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which we operate as well as management's beliefs and assumptions. Such statements involve uncertainties that could significantly impact our financial results. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," and "estimates" including variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future—including statements relating to rent and occupancy growth, acquisition and development activity, including data center developments and power procurement related thereto, contribution and disposition activity, general conditions in the geographic areas where we operate, expectations regarding new lines of business, our debt, capital structure and financial position, our ability to earn revenues from co-investment ventures, form new co-investment ventures and the availability of capital in existing or new co-investment ventures—are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and, therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) international, national, regional and local economic and political climates and conditions; (ii) changes in global financial markets, interest rates and foreign currency exchange rates; (iii) increased or unanticipated competition for our properties; (iv) risks associated with acquisitions, dispositions and development of properties, including the integration of the operations of significant real estate portfolios; (v) maintenance of Real Estate Investment Trust status, tax structuring and changes in income tax laws and rates; (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings; (vii) risks related to our investments in our co-investment ventures, including our ability to establish new co-investment ventures; (viii) risks of doing business internationally, including currency risks; (ix) environmental uncertainties, including risks of natural disasters; and (x) those additional factors discussed in reports filed with the Securities and Exchange Commission by us under the heading "Risk Factors." We undertake no duty to update any forward-looking statements appearing in this document except as may be required by law.





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Original: Prologis Board of Directors Approves 6 Percent Increase in Quarterly Common Stock Dividend

Prologis Announces Tax Treatment of 2025 DividendsJanuary 27, 2026 10:45 PM
PR Newswire (US)

SAN FRANCISCO, Jan. 27, 2026 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today announced the tax treatment of its 2025 distributions. Exhibits A and B reflect the tax treatment of distributions per share of Prologis, Inc. common and preferred stock, respectively, as prescribed by the Internal Revenue Code. Persons who held shares of common stock of Prologis, Inc. in their name at any time during 2025 will receive an IRS Form 1099-DIV via Computershare, Prologis' transfer agent. Persons who held shares in "street name" during 2025 should note that the Form 1099-DIV will be provided by a bank, brokerage firm or nominee.  Additional information herein may be needed to properly complete a federal tax return.This information has been prepared using the best available information to date. Prologis, Inc.'s federal income tax return for the year ended December 31, 2025, has not yet been filed. Please note that federal tax laws affect taxpayers differently, and we cannot advise on how distributions should be reported. Please also note that state and local taxation of REIT distributions may differ from federal rules. Prologis, Inc. recommends consultation with a tax advisor regarding the federal, state, and local income tax consequences of these distributions.Exhibit A
Tax Treatment of 2025 Common DividendsPrologis, Inc.
Common Shares
CUSIP # 74340W103
Ticker Symbol: PLDRecord DatePayable
DateCash
DistributionOrdinary
Taxable
Income (1)Qualified
Taxable
Dividend (1) Long-Term
Capital Gain
(2)Unrecaptured
Section 1250
Gain (2)Section 199A
DividendsSection 1061
One Year
Amounts
Disclosure (3)Section 1061
Three Year
Amounts
Disclosure (3)Section 897
Capital Gain3/18/20253/31/20251.0100000.9193260.0046190.0742600.0117950.9193260.0103500.0101440.0634466/17/20256/30/20251.0100000.8974700.0066520.0859830.0198950.8974700.0174590.0171110.0878709/16/20259/30/20251.0100000.8974700.0066520.0859830.0198950.8974700.0174590.0171110.08787012/16/202512/31/20251.0100000.8974700.0066520.0859830.0198950.8974700.0174590.0171110.087870

(1)The sum of these amounts will be reported in Box 1a of Form 1099-DIV as Total Ordinary Dividends.(2)The sum of these amounts will be reported in Box 2a of Form 1099-DIV as Total Capital Gain Distributions.(3)For purposes of section 1061 of the Internal Revenue Code, Prologis, Inc. is disclosing two additional amounts related to the capital gain distribution. Section 1061 is generally applicable to direct and indirect holders of "applicable partnership interests." Exhibit B
Tax Treatment of 2025 Preferred DividendsPrologis, Inc.
Series Q Cumulative Redeemable Preferred Shares
CUSIP # 74340W202
Ticker Symbol: PLDGPRecord DatePayable
Date Cash
DistributionOrdinary
Taxable
Income (1)Qualified
Taxable
Dividend (1) Long-Term
Capital Gain
(2)Unrecaptured
Section 1250
Gain (2)Section 199A
DividendsSection 1061
One Year
Amounts
Disclosure (3)Section 1061
Three Year
Amounts
Disclosure (3)Section 897
Capital Gain3/18/20253/31/20251.0675001.0052970.0017530.0604500.0000001.0052970.0000000.0000000.0294746/17/20256/30/20251.0675000.9485630.0070310.0908780.0210280.9485630.0184530.0180850.0928729/16/20259/30/20251.0675000.9485630.0070310.0908780.0210280.9485630.0184530.0180850.09287212/16/202512/31/20251.0675000.9485630.0070310.0908780.0210280.9485630.0184530.0180850.092872

(1)The sum of these amounts will be reported in Box 1a of Form 1099-DIV as Total Ordinary Dividends.(2)The sum of these amounts will be reported in Box 2a of Form 1099-DIV as Total Capital Gain Distributions.(3)For purposes of section 1061 of the Internal Revenue Code, Prologis, Inc. is disclosing two additional amounts related to the capital gain distribution. Section 1061 is generally applicable to direct and indirect holders of "applicable partnership interests."ABOUT PROLOGIS
The world runs on logistics. At Prologis, we don't just lead the industry, we define it. We create the intelligent infrastructure that powers global commerce, seamlessly connecting the digital and physical worlds. From agile supply chains to clean energy solutions, our ecosystems help your business move faster, operate smarter and grow sustainably. With unmatched scale, innovation and expertise, Prologis is a category of one–not just shaping the future of logistics but building what comes next. Learn more at Prologis.com.FORWARD-LOOKING STATEMENTSThe statements in this document that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which we operate as well as management's beliefs and assumptions. Such statements involve uncertainties that could significantly impact our financial results. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," and "estimates" including variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future—including statements relating to rent and occupancy growth, acquisition and development activity, including data center developments and power procurement related thereto, contribution and disposition activity, general conditions in the geographic areas where we operate, expectations regarding new lines of business, our debt, capital structure and financial position, our ability to earn revenues from co-investment ventures, form new co-investment ventures and the availability of capital in existing or new co-investment ventures—are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and, therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) international, national, regional and local economic and political climates and conditions; (ii) changes in global financial markets, interest rates and foreign currency exchange rates; (iii) increased or unanticipated competition for our properties; (iv) risks associated with acquisitions, dispositions and development of properties, including the integration of the operations of significant real estate portfolios; (v) maintenance of Real Estate Investment Trust status, tax structuring and changes in income tax laws and rates; (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings; (vii) risks related to our investments in our co-investment ventures, including our ability to establish new co-investment ventures; (viii) risks of doing business internationally, including currency risks; (ix) environmental uncertainties, including risks of natural disasters; and (x) those additional factors discussed in reports filed with the Securities and Exchange Commission by us under the heading "Risk Factors." We undertake no duty to update any forward-looking statements appearing in this document except as may be required by law. 





View original content to download multimedia:https://www.prnewswire.com/news-releases/prologis-announces-tax-treatment-of-2025-dividends-302671820.htmlSOURCE Prologis, Inc.

Original: Prologis Announces Tax Treatment of 2025 Dividends

Trump Cuts Contracts to Affordable Housing Groups in DEI Purge
https://news.bloomberglaw.com/business-and-practice/trump-cuts-contracts-to-affordable-housing-groups-in-dei-purge $PLD

A DRE immigrant to this board.
-pappi

$PLD | #Prologis Inc Breakout Trade


PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, THANK YOU.

Prologis $PLD fundamental analysis implies stock's overvalued b4 earnings Tuesday:

Fair Value Analysis

Prologis PLD earnings expected Thursday. Fundamental analysis show shares are overvalued


Analysis

Im surprised no one's posting in PLD. This stock has been doing well for me since 2009 still when it was AMB and PLD seperately. Anyone else invested in this one?

ProLogis to Host First Quarter 2010 Financial Results Webcast and Conference Call

Date : 03/22/2010 @ 5:15PM
Source : PR Newswire
Stock : Prologis (PLD)

http://ih.advfn.com/p.php?pid=nmona&article=42074824&symbol=PLD

ProLogis to Host First Quarter 2010 Financial Results Webcast and Conference Call

PR Newswire

DENVER, March 22

DENVER, March 22 /PRNewswire-FirstCall/ --

ProLogis (NYSE: PLD), a leading global provider of distribution facilities, will host its First Quarter 2010 Financial Results Webcast and Conference Call with senior management to discuss quarterly results, current market conditions and future outlook on Thursday, April 22, 2010, at 10:00 a.m. Eastern Time.

Earnings Release

ProLogis' first quarter 2010 financial results will be released on Thursday, April 22, 2010, before market open and will be available on the ProLogis website, http://ir.prologis.com, in the "Annual & Supplemental Reports" section.

Earnings Webcast and Conference Call

Interested parties are encouraged to access the live webcast by clicking the microphone icon located near the top of the opening page on the ProLogis website at http://ir.prologis.com. Interested parties can also participate via conference call by dialing (866) 305-2304 domestically or (660) 422-4873 internationally.

Replay Information

A replay of the conference call will be available after 1:00 p.m. Eastern Time on Thursday, April 22, 2010. The replay will be available until midnight Eastern Time on Thursday, May 6, 2010, and can be accessed by dialing (800) 642-1687 domestically or (706) 645-9291 internationally and entering the passcode 64192810. A transcript of the call and the webcast replay will be available in the "Quarterly Results" section on the ProLogis website.

About ProLogis

ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,400 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com.

Follow ProLogis on Twitter: http://twitter.com/ProLogis

SOURCE ProLogis

ProLogis Intends to Increase Ownership Stake in ProLogis European Properties

Date : 02/16/2010 @ 2:05AM
Source : PR Newswire
Stock : (PLD)

http://ih.advfn.com/p.php?pid=nmona&article=41544652&symbol=PLD

DENVER, Feb. 16 /PRNewswire-FirstCall/ --

ProLogis (NYSE:PLD), a leading global provider of distribution facilities, announced today that it intends to purchase additional Ordinary Units carrying voting rights of ProLogis European Properties, a Luxembourg closed-ended investment fund (Euronext: PEPR), in the open market or in privately negotiated transactions. ProLogis currently holds approximately 24.8 percent of PEPR's outstanding Ordinary Units.

"In our view, PEPR's Unit price does not fully reflect the significant progress made over the past 14 months to manage through the downturn," said Walter C. Rakowich, ProLogis chief executive officer. "During this time, we have worked diligently to strengthen PEPR's financial condition, maintain PEPR's strong occupancy and optimize the earnings power of its high quality assets. We will continue to manage PEPR in a way that maximizes value, and we intend to increase our ownership, as we believe PEPR Units represent an attractive investment opportunity for ProLogis."

At this time, ProLogis does not intend to increase its equity ownership of PEPR beyond 33.33 percent of Ordinary Units carrying voting rights, a level which would trigger a mandatory tender offer for the remaining PEPR Units under Luxembourg law.

About ProLogis

ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,400 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com/.

About PEPR

PEPR is one of the largest pan-European owners of high quality distribution and logistics facilities. It was listed on Euronext Amsterdam in September 2006 and is externally managed by ProLogis Management S.a r.l, a wholly owned subsidiary of ProLogis.

DATASOURCE: ProLogis

CONTACT: Investors, Melissa Marsden of ProLogis, +1-303-567-5690,

mobile, +1-720-339-7425, ; or Financial Media, Suzanne

Dawson of Linden Alschuler & Kaplan, Inc, +1-212-329-1420, ,

for ProLogis

Web Site: http://www.prologis.com/

ProLogis Reports Fourth Quarter/Year-end 2009 Results

Date : 02/11/2010 @ 8:00AM
Source : PR Newswire
Stock : Prologis (PLD)

http://ih.advfn.com/p.php?pid=nmona&cb=1265905363&article=41493173&symbol=NY^PLD

ProLogis Reports Fourth Quarter/Year-end 2009 Results

- Full-year FFO per Share in Line with Previous Guidance - - Property Market Fundamentals Showing Signs of Improvement - - Company Establishes 2010 Guidance -

DENVER, Feb. 11 /PRNewswire-FirstCall/ --

ProLogis (NYSE:PLD), a leading global provider of distribution facilities, today reported funds from operations as defined by ProLogis (FFO), excluding significant non-cash items, of $1.15 per diluted share in 2009, compared with $3.51 for 2008. (See Summary of Results table for details). These amounts reflect the add back of impairments on real estate properties, goodwill and other assets totaling $0.81 per diluted share in 2009 and $3.01 in 2008. ProLogis reported a net loss per diluted share of $0.01 for 2009, compared with a net loss of $1.82 for 2008.

For the fourth quarter, FFO, excluding significant non-cash items, was $0.13 per diluted share in 2009, compared with $0.56 in 2008. These amounts reflect the add back of impairments on real estate properties, goodwill and other assets totaling $0.78 per diluted share in the fourth quarter of 2009 and $3.04 in 2008. For the fourth quarter of 2009, the company reported a net loss per diluted share of $0.86, compared with a net loss of $3.39 in the same period of 2008.

Reconciliation to Previous Guidance

In addition to the non-cash impairment charges referred to above, the company experienced various non-recurring charges in the fourth quarter and earlier in 2009, as detailed below. FFO, excluding significant non-cash items and non-recurring charges, was $1.41 per diluted share for the full year, in line with the company's previous guidance of $1.39 to $1.43. For the fourth quarter, FFO, excluding significant non-cash items and non-recurring charges, was $0.23 per diluted share.

Three Months Twelve Months Ended Ended December 31, December 31, 2009 2009 ---- ----

FFO, excluding significant non-cash items $0.13 $1.15 Add (deduct) non-recurring charges: Indemnifications related to contributed or sold properties 0.08 0.09 Realized losses on foreign currency transactions - 0.05 Capital markets costs 0.03 0.04 ProLogis' share of losses on sale of fund assets - 0.03 Reduction in workforce - 0.03 Other 0.01 0.04 Adjustments to tax and compensation-related liabilities (0.02) (0.02) ---- ---- Add summarized non-recurring charges 0.10 0.26 ---- ---- FFO, excluding significant non-cash items and non-recurring charges $0.23 $1.41

Significant Accomplishments in 2009 Position Company for Future Opportunities

"We began 2009 with an action plan and aggressive goals related to asset dispositions, debt reduction and development portfolio leasing," said Walter C. Rakowich, chief executive officer. "Throughout the year, we made tough choices and remained highly focused on stabilizing the company. We are pleased to have accomplished our goals, putting the company on firm financial footing and positioning us to take advantage of opportunities as market conditions improve."

Among ProLogis' specific goals for 2009 were to: reduce debt by $2 billion, complete $1.5 to $1.7 billion of asset dispositions and contributions to property funds (exclusive of the sale of certain Asian operations) and achieve static development portfolio leasing of 60 to 70 percent. At year end 2009, the company had reduced debt by $2.7 billion, completed $1.53 billion of property dispositions and contributions and achieved static development portfolio leasing of 68.2 percent.

Continued Signs of Stabilization and Improvement in Property Markets

"While focusing on our action plan, we also worked diligently to maintain stable occupancies in our core portfolio," Rakowich added. "The bottoming of market occupancies and rents that we began to see in mid-2009 held up in the fourth quarter, with some markets showing improvement. For the top 31 North American markets we track, overall net demand turned positive in the fourth quarter, and we saw similar pockets of positive take-up in Europe. And, although we expect net effective rental rates on turnovers to be negative throughout 2010, we believe improving occupancies and the continued lack of new supply will pave the way for improving rental rates in 2011."

ProLogis' non-development portfolio was 92.4 percent leased at the end of the fourth quarter, down slightly compared with 92.7 percent leased at September 30. Same-store net operating income (SS NOI), as adjusted (excluding same-store assets associated with the company's development portfolio), decreased 4.2 percent, a slight improvement over the third quarter SS NOI decline. Net effective rental rates on turnover of 23.6 million square feet, or 6.0 percent of the adjusted same-store pool, were down 11.7 percent for the quarter, representing an improvement over the third quarter decline.

Build-to-Suit Development Demand Supports Reductions in Land Position

"While new speculative development has remained virtually non-existent, during the fourth quarter we continued to see demand for build-to-suit development from customers whose supply chain optimization requirements could not be met with the available supply of space," said Ted R. Antenucci, chief investment officer. ProLogis' fourth quarter starts consisted of a 667,000-square-foot facility for a major home improvement retailer in Southern California and a 504,000-square-foot facility for a leading UK retailer in Scotland. Including joint venture partner capital contributions, total expected investment for all build-to-suit developments started in the second half of 2009 is $336 million.

"Given the continued interest from customers in build-to-suits, we expect to start $700 to $800 million of new development in 2010, primarily in Europe and Asia. We also will continue to pursue land sales, which when combined with new development, will allow us to begin to monetize roughly $350 to $400 million of land in 2010," Antenucci added.

Strategic Repositioning of Asset Base

"In 2009, we used the proceeds from nearly $2.9 billion of contributions and dispositions, including the sale of certain Asian operations, to reduce debt and fund our development portfolio," said Rakowich. "Having stabilized our balance sheet, we are now looking to fund new development activity in a slightly different, leverage-neutral manner. Due to improving property values and growing institutional demand for quality properties, in 2010 we plan to generate $1.3 to $1.5 billion of proceeds from sales of existing assets and contributions to funds, primarily in the United States, and use the proceeds to fund the remaining costs associated with our existing development portfolio as well as 2010 development starts. This approach will allow us to retain more of our non-US development on our balance sheet, thereby improving the geographic diversification of our direct owned assets."

Continued Financing Progress for ProLogis and Property Funds

"We continued to focus on further extending and smoothing the debt maturities both on ProLogis' balance sheet and in our property funds," said William E. Sullivan, chief financial officer. "In the fourth quarter, we issued $600 million of 10-year, ProLogis senior notes and closed on a $108 million secured financing in Japan on our balance sheet. Since the beginning of the fourth quarter, we closed on euro 886 million of financings in our European funds, effectively reducing 2010 maturities within those funds to approximately euro 327 million. This is significant progress from the over euro 1.8 billion of 2010 fund debt maturities we were faced with at the beginning of 2009."

Guidance for 2010

ProLogis established full-year 2010 FFO guidance, excluding significant non-cash items, of $0.74 to $0.78 per share, of which approximately $0.10 relates to expected gains on dispositions of development and land. Net earnings are expected to be between $0.25 and $0.29 per diluted share. A summary of the business drivers supporting ProLogis' 2010 guidance is available at http://ir.prologis.com/2010BusinessDrivers.cfm.

Copies of ProLogis' fourth quarter 2009 supplemental information will be available from the company's website at http://ir.prologis.com/ in the "Annual & Supplemental Reports" section before open of market on Thursday, February 11, 2010. The company will host a webcast/conference call on Thursday, February 11, 2010, at 10:00 a.m. Eastern Time. The live webcast and the replay will be available on the company's website at http://ir.prologis.com/. Additionally, a podcast of the company's conference call will be available on the company's website.

About ProLogis

ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space owned and managed (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,400 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com/.

Follow ProLogis on Twitter: http://twitter.com/ProLogis

The statements above that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which ProLogis operates, management's beliefs and assumptions made by management, they involve uncertainties that could significantly impact ProLogis' financial results. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future - including statements relating to rent and occupancy growth, development activity and changes in sales or contribution volume of developed properties, general conditions in the geographic areas where we operate and the availability of capital in existing or new property funds - are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) national, international, regional and local economic climates, (ii) changes in financial markets, interest rates and foreign currency exchange rates, (iii) increased or unanticipated competition for our properties, (iv) risks associated with acquisitions, (v) maintenance of real estate investment trust ("REIT") status, (vi) availability of financing and capital, (vii) changes in demand for developed properties, and (viii) those additional factors discussed in reports filed with the Securities and Exchange Commission by ProLogis under the heading "Risk Factors." ProLogis undertakes no duty to update any forward-looking statements appearing in this press release.

...

ProLogis Declares Dividends on Common Shares

Date : 02/01/2010 @ 5:15PM
Source : PR Newswire
Stock : (PLD)

http://ih.advfn.com/p.php?pid=nmona&article=41348621&symbol=PLD

DENVER, Feb. 1 /PRNewswire-FirstCall/ --

ProLogis (NYSE:PLD), a leading global provider of distribution facilities, announced today that its Board set the annualized dividend level for 2010 at $0.60 per common share, or $0.15 per quarter. In addition, the Board declared ProLogis' first quarter dividend of $0.15 per common share, payable on February 26, 2010, to shareholders of record on February 12, 2010

About ProLogis

ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space owned and managed (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com/.

DATASOURCE: ProLogis

CONTACT: Robbin Lee of ProLogis, +1-303-567-5690,

Web Site: http://www.prologis.com/

06:58AM - ProLogis upgraded by UBS

http://finance.yahoo.com/q/ud?s=PLD
http://www.marketwatch.com/story/ubs-upgrades-some-reits-after-sell-off-2010-02-01?siteid=yhoof2

ProLogis Closes on Euro 622 Million of Financings for European Property Funds

Date : 01/22/2010 @ 3:00AM
Source : PR Newswire
Stock : Prologis (PLD)

http://ih.advfn.com/p.php?pid=nmona&article=41213801&symbol=PLD

DENVER, Jan. 22 /PRNewswire-FirstCall/ --

ProLogis (NYSE:PLD), a leading global provider of distribution facilities, announced today that over the past four weeks it has completed four financings for its European property funds, totaling euro 622 million. The four financings have a weighted average coupon of 4.91 percent

Three, four-year financings, resulting in euro 441 million of funding, were completed for ProLogis European Properties (Euronext: PEPR). They have loan-to-value ratios of between 50 and 55 percent and are secured by assets located in Germany, Belgium, France, Italy, Spain, Poland and the United Kingdom. The largest component of these financings is a euro 300 million Pan-European, syndicated loan with six European lenders, arranged by Goldman Sachs, which was one of the largest loans of this kind done in the European real estate sector since 2008

ProLogis also completed a euro 181 million financing for ProLogis European Properties Fund II, the largest single-lender mortgage financing completed in Europe since the fall of 2008. This financing is secured by 22 assets in France and has a loan-to-value ratio of 60 percent

"With these financings, we have reduced 2010 maturities within the two funds to under euro 336 million - significant progress from the euro 1.8 billion we were faced with as of December 31, 2008. With the capital transactions in progress and available liquidity within the funds, we are comfortable with our ability to address the remaining maturities in the near future," said William E. Sullivan, ProLogis' chief financial officer. "The European financing market continues to demonstrate its diversity and resilience, as we are able to complete transactions with a wide spectrum of lenders at attractive rates."

About ProLogis

ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com/.

DATASOURCE: ProLogis

CONTACT: Investors, Melissa Marsden, +1-303-567-5622,

, or Media, Krista Shepard, +1-303-567-5907,

, both of ProLogis; or Financial Media, Suzanne Dawson of

Linden Alschuler & Kaplan, Inc., +1-212-329-1427, , for

ProLogis

Web Site: http://www.prologis.com/

Stocks fall as Obama calls for tougher bank rules

Stocks slide anew as Obama calls for tighter restrictions on some trading by banks

Stephen Bernard and Tim Paradis, AP Business Writers,
On Thursday January 21, 2010, 12:08 pm EST
http://finance.yahoo.com/news/Stocks-fall-as-Obama-calls-apf-1512287612.html;_ylt=ArFaJECrqfyx6R5QIp67fdG7YWsA_ylu=X3oDMTE1NG43dGc2BHBvcwMzBHNlYwN0b3BTdG9yaWVzBHNsawNzdG9ja3NzZWV3b3I-?x=0&sec=topStories&pos=1&asset=&ccode=

NEW YORK (AP) -- Financial shares pulled the stock market lower Thursday as President Barack Obama proposed rules that would limit the types of trading banks can do with their money.

The Dow Jones industrial average tumbled 200 points after dropping 122 points on Wednesday. The index has seen four straight triple-digit swings. Bond prices rose as the stock market became more volatile.

Tightening the rules on how big banks trade their money could hurt profits at those companies.

Broader concerns also dogged investors. Patrick Galley, chief investment officer at RiverNorth Capital in Chicago, said stocks have risen so fast in the past 10 months that expectations about an economic recovery are getting too high.

"The market can be quite fickle just because of the huge run-up that we've had," he said. "A lot of folks have their trigger finger on the sell button if they start to sense that news won't meet expectations."

The market was mixed earlier as good earnings news was tempered by an unexpected jump in initial jobless claims. But banks, which have driven the market over the past year and a half, were the focus by late morning.

The Labor Department said workers filing for unemployment benefits for the first time rose by 36,000 to 482,000 last week. Economists polled by Thomson Reuters were expecting a small drop. The four-week average rose for the first time since August.

The report provided a grim reminder that while the economy might have improved modestly, a robust recovery is unlikely until companies start adding jobs. The unemployment rate remained at 10 percent last month.

Traders said weakness in manufacturing also brought concern that the economy might not be recovering as quickly as hoped. The Philadelphia Federal Reserve said manufacturing in its region fell in January from December. Its index of regional manufacturing conditions fell to 15.2 from a revised 22.5 last month.

In midday trading, the Dow fell 204.58, or 1.9 percent, to 10,398.57. The broader Standard & Poor's 500 index fell 19.31, or 1.7 percent, to 1,118.73. The Nasdaq composite index fell 27.50, or 1.2 percent, to 2,263.75.

Stocks had tumbled on Wednesday after China said it would curb bank lending to slow down its economy. The latest sign of China's supercharged growth came out on Thursday as the country reported 10.7 percent economic expansion in the fourth quarter and 8.7 percent for all of last year. The rapid growth reinforced concerns that China will take more steps to tighten monetary policy and rein in its economy, which could dampen a global economic rebound.

Bond prices jumped as the stock market fell. The yield on the benchmark 10-year Treasury note, which moves opposite its price, fell to 3.62 percent from 3.65 percent late Wednesday.

The dollar rose against other major currencies, while gold fell. A rise in the dollar hurt commodity prices, which become more expensive for foreign buyers when the dollar strengthens.

Crude oil fell 90 cents to $76.84 per barrel on the New York Mercantile Exchange.

The Russell 2000 index of smaller companies fell 10.93, or 1.7 percent, to 628.68.

Four stocks fell for every one that rose on the New York Stock Exchange, where volume came to 586.8 million shares compared with 473.6 million shares traded at the same point Wednesday.

Britain's FTSE 100 fell 1.5 percent, Germany's DAX index lost 1.8 percent, and France's CAC-40 fell 1.7 percent. Earlier, Japan's Nikkei stock average rose 1.2 percent.

Anyone heard anything for the reason for the 5% drop today?

ProLogis to Participate in the Deutsche Bank 2010 Real Estate Outlook Conference
Date : 01/12/2010 @ 5:15PM
Source : PR Newswire
Stock : Prologis (PLD)

http://ih.advfn.com/p.php?pid=nmona&article=41078381&symbol=PLD

ProLogis to Participate in the Deutsche Bank 2010 Real Estate Outlook Conference

DENVER, Jan. 12 /PRNewswire-FirstCall/ --

ProLogis (NYSE:PLD), a leading global provider of distribution facilities, announced today that it will participate in the Deutsche Bank 2010 Real Estate Outlook Conference being held at The Pierre Hotel in New York City on January 13, 2010. Bill Sullivan, chief financial officer for ProLogis, will participate in an industrial panel at 3:00pm Eastern Time

You may listen to the webcast of the panel by going to ProLogis' website at http://ir.prologis.com/ and clicking on the link provided under "Presentations & Webcasts." At this location, you will also find the company's presentation being used in meetings with investors starting at 8:00am Eastern Time on January 13, 2010. The presentation covers topics such as property fund financing activity, land monetization and future earnings upside

About ProLogis

ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space owned and managed (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com/.

DATASOURCE: ProLogis

CONTACT: Robbin Lee of ProLogis, +1-303-567-5690,

Web Site: http://www.prologis.com/

ProLogis Announces 4.0 Million Square Feet of Fourth Quarter Global Development Portfolio Leasing Activity

Date : 01/12/2010 @ 7:00AM
Source : PR Newswire
Stock : Prologis (PLD)
Quote : 13.73 -0.36 (-2.56%) @ 1:47PM

http://ih.advfn.com/p.php?pid=nmona&article=41067513&symbol=PLD

ProLogis Announces 4.0 Million Square Feet of Fourth Quarter Global Development Portfolio Leasing Activity

- Global Static Development Portfolio Now 68.2 Percent Leased -

DENVER, Jan. 12 /PRNewswire-FirstCall/ --

ProLogis (NYSE:PLD), a leading global provider of distribution facilities, announced today that its static global development portfolio was 68.2 percent leased as of year-end 2009

"Roughly one year ago, we set a goal to achieve a leased percentage of 60 - 70 percent by year-end 2009 for our development portfolio properties in place as of the end of 2008, or what we have called our static portfolio," said Walt Rakowich, chief executive officer. "We are pleased to have reached the upper end of that goal and are encouraged by continued leasing activity and customer demand. At a time when little development is coming online, ProLogis' best-in-class development inventory provides immediate solutions for our customers' distribution space needs."

ProLogis signed 56 leases in its static development portfolio during the fourth quarter, which increased leased space in this portfolio by approximately 4.0 million square feet (372,000 square meters) in locations worldwide

Recent development portfolio leasing transactions included:

-- Asia: A new, 381,000-square-foot (35,400-square-meter) lease agreement in Japan with Hitachi Transport System, Ltd., a leading third-party logistics provider. Hitachi Transport System will operate the space on behalf of its customer at ProLogis' newly developed facility in the Tokyo market. New development leases in Asia during the fourth quarter totaled 1,130,000 square feet (105,000 square meters)

-- Europe: A new, 237,000-square-foot (22,000-square-meter) lease agreement in the United Kingdom with Biffa, a leading integrated waste management business. Biffa will occupy the space in Building Three at ProLogis Park Midpoint, located in the West Midlands, and will use it as a materials recycling facility for non-hazardous recyclable materials. New development leases in Europe during the fourth quarter totaled 1,937,000 square feet (180,000 square meters)

-- North America: A new, 255,000-square-foot (23,700-square-meter) lease agreement signed in Atlanta with Viega LLC, a manufacturer of plumbing, heating, gas and potable water products. Occupying space at ProLogis Park Greenwood, the customer will use the space as a new distribution hub to serve its customers in the southeastern United States. New development leases in North America during the fourth quarter totaled 877,300 square feet (81,500 square meters)

About ProLogis

ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com/.

DATASOURCE: ProLogis

CONTACT: media, Mo Sheahan, +1-303-567-5434, , or

investors, Melissa Marsden, +1-303-567-5622, , both of

ProLogis; or Suzanne Dawson of Linden Alschuler & Kaplan, Inc.,

+1-212-329-1420, , for ProLogis

Web Site: http://www.prologis.com/

I'm new to PLD... but like the looks of it!

i -

ProLogis to Host Fourth Quarter/Year End 2009 Financial Results Webcast and Conference Call

Date : 01/06/2010 @ 5:15PM
Source : PR Newswire
Stock : Prologis (PLD)

http://ih.advfn.com/p.php?pid=nmona&article=40998129&symbol=PLD

DENVER, Jan. 6 /PRNewswire-FirstCall/ -- ProLogis (NYSE:PLD), a leading global provider of distribution facilities, will host its Fourth Quarter/Year End 2009 Financial Results Webcast and Conference Call with senior management to discuss quarterly results, current market conditions and future outlook on Thursday, February 11, 2010, at 10:00 a.m. Eastern Time

Earnings Release

ProLogis' fourth quarter/year end 2009 financial results will be released on Thursday, February 11, 2010, before market open and will be available on the ProLogis website, ir.prologis.com/, in the "Annual & Supplemental Reports" section

Earnings Webcast and Conference Call

Interested parties are encouraged to access the live webcast by clicking the microphone icon located near the top of the opening page on the ProLogis website at ir.prologis.com/. Interested parties can also participate via conference call by dialing (866) 305-2304 domestically or (660) 422-4873 internationally

Replay Information

A replay of the conference call will be available after 1:00 p.m. Eastern Time on Thursday, February 11, 2010. The replay will be available until midnight Eastern Time on Thursday, February 25, 2010, and can be accessed by dialing (800) 642-1687 domestically or (706) 645-9291 internationally and entering the passcode 49471953. A transcript of the call and the webcast replay will be available in the "Quarterly Results" section on the ProLogis website

About ProLogis

ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space owned and managed (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com/.

DATASOURCE: ProLogis

CONTACT: Robbin Lee of ProLogis, +1-303-567-5690,

Web Site: http://www.prologis.com/

ProLogis Closes Japanese Financing

By: Zacks Equity Research
December 23, 2009
http://www.zacks.com/stock/news/28621/ProLogis+Closes+Japanese+Financing

ProLogis (PLD - Snapshot Report), one of the leading global providers of distribution facilities, recently completed a $113 million (10 billion yen) financing to repay its debt. The financing was obtained through a "tokutei mokuteki kaisha" (TMK), a tax-favored, special-purpose vehicle created in Japan for acquiring and holding Japanese assets. Secured by real estate assets, the TMK issues corporate bonds, which can be bought by Japanese and non-Japanese investors.

The financing has a maturity period of three years and is collateralized by ProLogis Parc Osaka II, a multi-tenant facility that is over 95% leased and located in Osaka, Japan. Proceeds from the financing were used to pay down the global lines of credit.

ProLogis owns and manages interests in over 2,500 distribution facilities spanning 475 million square feet (including properties under development) of space. In response to the economic realities of constrained credit and rapidly deteriorating industrial real estate fundamentals, ProLogis has stopped all new development starts and early-stage developments. The company is currently concentrating on increasing its liquidity and de-leveraging its balance sheet.

With the financing agreement, ProLogis has displayed the unique strength of its large and diversified unencumbered asset base. Shares are now attractively valued relative to peer group averages and underlying NAV. We think the company has done an adequate job of addressing debt maturities and will be able to tide over the credit crunch.

ProLogis Closes 10 Billion Yen ($113 Million) TMK Bond Financing

http://ir.prologis.com/releaseDetail.cfm?ReleaseID=430925

DENVER, Dec 16, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- ProLogis (NYSE: PLD), a leading global provider of distribution facilities, announced today that it has completed a 10 billion yen ($113 million) TMK bond secured financing. Sumitomo Mitsui Banking Corp. was lead on the financing, which has a three-year maturity and is secured by ProLogis Parc Osaka II. Proceeds from this financing were used to pay down ProLogis' global line of credit. Tokutei Mokuteki Kaisha (TMK) is a tax favored, special purpose securitization vehicle that issues corporate bonds secured by real estate assets.

"The TMK bond market in Japan continues to be a very attractive capital source. We are fortunate to have strong relationships with some of the premier lenders in the region and to have a product type that continues to be attractive as a source of security," said Phillip D. Joseph, Jr., senior vice president and treasurer. ProLogis Parc Osaka II is a 1.4 million-square-foot, multi-tenant facility located in Osaka, Japan, that is over 95 percent leased to well-known companies like Nipro Corporation, Kintetsu World Express and Sankyu Inc.

About ProLogis

ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to www.prologis.com.

SOURCE ProLogis

http://www.prologis.com

Copyright (C) 2009 PR Newswire. All rights reserved

ProLogis to Participate in the Goldman Sachs Commercial Real Estate Symposium 2009

Date : 12/03/2009 @ 5:15PM
Source : PR Newswire
Stock : Prologis (PLD)

http://ih.advfn.com/p.php?pid=nmona&cb=1260023932&article=40633435&symbol=NY^PLD

DENVER, Dec. 3 /PRNewswire-FirstCall/ -- ProLogis (NYSE:PLD), a leading global provider of distribution facilities, announced today that it is participating in Goldman Sachs Commercial Real Estate Symposium 2009 being held at the Goldman Sachs Conference Center on December 4, 2009. Walter C. Rakowich, chief executive officer for ProLogis, will participate in an industrial panel at 10:30 am Eastern Time.

You may listen to a webcast of the industrial panel and view the presentation being used in the investor meetings by going to ProLogis' website at http://ir.prologis.com/ and clicking on the link provided under "Presentations & Webcasts." The presentation includes updated details on development and the company's land bank and will be available at 8:00 am Eastern Time on December 4, 2009.

About ProLogis

ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space owned and managed (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com/.

DATASOURCE: ProLogis

CONTACT: Robbin Lee of ProLogis, +1-303-567-5690,

Web Site: http://www.prologis.com/

ProLogis Leases 378,000 Square Feet in Europe

Date : 11/30/2009 @ 7:00AM
Source : PR Newswire
Stock : Prologis (PLD)

http://ih.advfn.com/p.php?pid=nmona&article=40564892&symbol=PLD

- Company Announces Development Portfolio Leases With Five New Customers -

AMSTERDAM, Nov. 30 /PRNewswire-FirstCall/ -- ProLogis (NYSE:PLD), a leading global provider of distribution facilities, announced today it has signed new fourth-quarter lease agreements in Europe totaling approximately 378,000 square feet (35,100 square meters) in its development portfolio.

"We are very pleased to announce continued leasing activity in our European portfolio," said Philip Dunne, ProLogis president in Europe. "We are seeing signs of stabilization in the market, and with well-located, high-quality and modern distribution space throughout Europe, ProLogis is positioned well to both capture new business and continue to serve the ongoing needs of our customers."

Recent activity included:

-- 104,000 square feet (9,700 square meters) leased to a leading German retailer with operations in 25 countries worldwide. The new ProLogis customer will occupy the space at ProLogis Park Neuenstadt Building One, located in southwestern Germany in the trade and industrial park of Unteres Kochertal (GIK), in the city of Neuenstadt.

-- 81,000 square feet (7,500 square meters) leased to Plenty Market, a retailer of general consumer products. The new ProLogis customer will occupy the space at ProLogis Park Bologna, located 10 miles (15 km) southeast of Bologna, Italy.

-- 68,000 square feet (6,300 square meters) leased to a third-party logistics provider. The new ProLogis customer will occupy the space at ProLogis Park Clesud Building Seven, located in southern France. With this transaction, the facility - totaling 624,000 square feet (58,000 square meters) - becomes fully occupied following its recent completion in July 2009.

-- 67,000 square feet (6,200 square meters) leased to Honold International, a third-party logistics provider that serves customers in 22 locations throughout Germany, Romania, Russia, Slovakia and China. The new ProLogis customer will occupy the space at ProLogis Park Augsburg Building Two, located in southern Germany near the city of Munich.

-- 58,000 square feet (5,400 square meters) leased to Euro Freight Logistics, a third-party logistics provider. The new ProLogis customer will occupy the space at ProLogis Park Sochaczew Building Five, located near Warsaw, Poland.

ProLogis is Europe's leading provider of industrial and distribution space with a 124.9-million-square-foot (11.6-million-square-meter) portfolio owned, managed or under development in 13 countries.

About ProLogis

ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com/.

DATASOURCE: ProLogis

CONTACT: Media, Mo Sheahan, +1-303-567-5434, , or

Investors, Melissa Marsden, +1 303-567-5622, , both of

ProLogis; or Suzanne Dawson of Linden Alschuler & Kaplan, Inc.,

+1-212-329-1420, , for ProLogis

Web Site: http://www.prologis.com/

ProLogis Participates in NAREIT Annual Convention

Date : 11/10/2009 @ 5:05PM
Source : PR Newswire
http://ih.advfn.com/p.php?pid=nmona&cb=1257962057&article=40301115&symbol=NY^PLD

DENVER, Nov. 10 /PRNewswire-FirstCall/ -- ProLogis (NYSE:PLD), a leading global provider of distribution facilities, announced today that it is participating in the NAREIT Annual Convention: REIT World 2009 being held at the JW Marriott Desert Ridge, Phoenix, Arizona, November 11 through 13, 2009. Walter Rakowich, chief executive officer for ProLogis, will participate in the CEO Marketplace Panel at 12:00pm MT / 2:00pm ET on Wednesday, November 11, 2009.

You may listen to the webcast of the CEO Marketplace Panel by going to ProLogis' website at http://ir.prologis.com/ by clicking on the link provided under "Presentations & Webcasts." At this location, you will also find the company presentation being used in meetings with investors starting at 8:00am MT / 10:00am ET on November 11, 2009. The presentation covers debt, activities within ProLogis' funds as well as future earnings upside.

About ProLogis

ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space owned and managed (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com/.

DATASOURCE: ProLogis

CONTACT: Robbin Lee of ProLogis, +1-303-567-5690

Web Site: http://www.prologis.com/

Quarterly Report (10-Q)

Date : 11/04/2009 @ 4:52PM
http://ih.advfn.com/p.php?pid=nmona&cb=1257580348&article=40214969&symbol=NY^PLD

ProLogis Closes ProLogis European Properties Fund II Financing

Date : 11/04/2009 @ 9:00AM
Source : PR Newswire

http://ih.advfn.com/p.php?pid=nmona&cb=1257580348&article=40205182&symbol=NY^PLD

- Proceeds Used to Pay Down Warehouse Line -

DENVER, Nov. 4 /PRNewswire-FirstCall/ -- ProLogis (NYSE:PLD), a leading global provider of distribution facilities, announced today it has completed a euro 41.4 million financing on behalf of ProLogis European Properties Fund II (PEPF II). Proceeds from the financing were used to pay down PEPF II's warehouse line of credit.

A European bank based in Austria provided the five-year loan that is secured by a portfolio of six assets in Poland, representing a 52 percent loan-to-value.

"With this financing, we have demonstrated our access to debt capital in the central European region with one of the few new secured real estate loans to be completed there during 2009. We also established a new lending relationship and are pleased that lenders continue to be attracted to the strong and stable cash flows generated by ProLogis' assets," said William E. Sullivan, ProLogis' chief financial officer.

About ProLogis

ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com/.

DATASOURCE: ProLogis

CONTACT: Investors, Melissa Marsden, +1-303-567-5622,

, or Media, Krista Shepard, +1-303-567-5907,

, both of ProLogis; or Financial Media, Suzannne Dawson

of Linden Alschuler & Kaplan, Inc., +1-212-329-1427, , for

ProLogis

Web Site: http://www.prologis.com/

ProLogis Declares Dividend on Common Shares (Q4)

Date : 11/02/2009 @ 5:05PM
Source : PR Newswire

http://ih.advfn.com/p.php?pid=nmona&cb=1257580348&article=40170055&symbol=NY^PLD

DENVER, Nov. 2 /PRNewswire-FirstCall/ -- ProLogis (NYSE:PLD), a leading global provider of distribution facilities, announced today that its Board declared ProLogis' fourth quarter dividend of $0.15 per common share, payable on November 30, 2009, to shareholders of record on November 16, 2009.

About ProLogis

ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space owned and managed (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com/.

DATASOURCE: ProLogis

CONTACT: Robbin Lee of ProLogis, +1-303-567-5690,

Web Site: http://www.prologis.com/

ProLogis 2009 Earnings Call Transcript(s)

Q1
ProLogis, Q1 2009 Earnings Call Transcript

April 30, 2009
http://seekingalpha.com/article/134449-prologis-q1-2009-earnings-call-transcript?source=feed

Q2
ProLogis Q2 2009 Earnings Call Transcript

July 23, 2009
http://seekingalpha.com/article/150949-prologis-q2-2009-earnings-call-transcript

Q3
ProLogis Q3 2009 Earnings Call Transcript

October 22, 2009
http://seekingalpha.com/article/168310-prologis-q3-2009-earnings-call-transcript?source=feed

ProLogis Q3 2009 Earnings Call Transcript

October 22, 2009
http://seekingalpha.com/article/168310-prologis-q3-2009-earnings-call-transcript?source=feed

ProLogis Reports Third Quarter 2009 Results

Date : 10/22/2009 @ 8:00AM
Source : PR Newswire

http://ih.advfn.com/p.php?pid=nmona&cb=1256302017&article=40011398&symbol=NY^PLD

***

ProLogis Posts 3Q Loss On More Write-Downs, Sees Steadiness

Date : 10/22/2009 @ 9:10AM
Source : Dow Jones News

http://ih.advfn.com/p.php?pid=nmona&cb=1256302017&article=40012984&symbol=NY^PLD

ProLogis Leases 227,000 Square Feet at ProLogis Park Neuenstadt in Germany

Date : 10/20/2009 @ 7:00AM
Source : PR Newswire

http://ih.advfn.com/p.php?pid=nmona&cb=1256044480&article=39967694&symbol=NY^PLD

- Two Customers Will Occupy Space in ProLogis' Development Portfolio At a Newly Developed Distribution Park -

DUSSELDORF, Germany, Oct. 20 /PRNewswire-FirstCall/ -- ProLogis (NYSE: PLD), a leading global provider of distribution facilities, announced today it has leased a total of 227,000 square feet (21,100 square meters) to two customers in southwestern Germany at ProLogis Park Neuenstadt.

"In a challenging market environment, we are very pleased to have signed two new leases - both of significant size - in our German development portfolio," said Christian Bischoff, ProLogis managing director of northern Europe. "This distribution park has received significant interest from both new and existing ProLogis customers for its prime location, modern amenities and sustainable features."

The third-quarter transactions included leases with:

-- Panalpina, one of the world's leading providers of forwarding and logistics services, which signed an agreement for 114,000 square feet (10,600 square meters) in Building One at ProLogis Park Neuenstadt.

Panalpina will use the space to serve its customers' regional and national distribution needs. This is the fourth lease agreement between ProLogis and the customer; Panalpina now occupies ProLogis distribution space in France, Germany and the United States.

-- A leading retail company based in Germany, which signed an agreement for 113,000 square feet (10,500 square meters) in Building Two at the park. The logistics provider will use the space to support the distribution needs of its customers in southwestern Germany.

ProLogis Park Neuenstadt is located in the trade and industrial park of Unteres Kochertal (GIK), in the city of Neuenstadt. The site is near major transportation infrastructure and a large population center, and easily doubles as a business complex for companies with distribution and office operations. With three buildings and more than 773,000 square feet (71,800 square meters) at the park, ProLogis maintains the largest market share of available, modern industrial distribution space in the Heilbronn-Neuenstadt region of Germany.

ProLogis is the largest provider of industrial space in Germany with approximately 15 million square feet (1.4 million square meters) owned, managed or under development. Other ProLogis customers in the country include BLG, Dachser, DSV, Jack Wolfskin, LGI and Rewe.

About ProLogis

ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com/.

DATASOURCE: ProLogis

CONTACT: Media, Mo Sheahan of ProLogis, +1-303-567-5434,

, or Suzanne Dawson of Linden Alschuler & Kaplan, Inc.,

+1-212-329-1420, , for ProLogis; or Investors, Melissa

Marsden of ProLogis, +1-303-567-5622,

Web Site: http://www.prologis.com/

ProLogis Leases 188,000 Square Feet of its Development Portfolio to Two Customers Near Tokyo

Date : 10/19/2009 @ 7:00AM
Source : PR Newswire

http://ih.advfn.com/p.php?pid=nmona&cb=1255967244&article=39949190&symbol=NY^PLD

- Two Global Customers, Including Cat Logistics, Expand Presence With ProLogis -

TOKYO, Oct. 19 /PRNewswire-FirstCall/ -- ProLogis (NYSE:PLD), a leading global provider of distribution facilities, announced today it has leased 188,000 square feet (17,500 square meters) during the third quarter to two customers in Japan.

Caterpillar Logistics Services, Inc. (Cat Logistics), the logistics arm of Caterpillar, the world's largest maker of construction and mining equipment, diesel and natural gas engines and industrial gas turbines, will occupy 95,000 square feet (8,800 square meters) at ProLogis Parc Narita III, near Tokyo. This is Caterpillar's first lease with ProLogis in Japan; the customer now leases with ProLogis in multiple locations across the United States, Europe and Asia.

In addition, a global supplier of office products and services has leased 93,000 square feet (8,600 square meters) of distribution space at ProLogis Parc Ichikawa I, a distribution facility in Ichikawa City, near Tokyo. This is the sixth lease agreement between ProLogis and the customer, which now occupies approximately 1.2 million square feet (107,000 square meters) of ProLogis distribution space in the United States, Mexico and Japan.

"ProLogis continues to demonstrate the ability to serve its customers on multiple continents because of its geographically diverse portfolio," said Mike Yamada, ProLogis president of Japan. "We are very pleased to welcome both companies to our portfolio in Japan."

ProLogis Parc Narita III is located in the town of Shibayama, Chiba Prefecture. Comprising 570,000 square feet (53,000 square meters), the newly developed distribution facility is approximately 40 miles (64 kilometers) northeast of Tokyo and is adjacent to the Narita International Airport. Sustainable features at the facility include a solar-powered outdoor lighting system and a state-of-the-art, pre-cast concrete seismic isolation system.

Completed in November 2008, ProLogis Parc Ichikawa I is a five-story, 1.3-million-square-foot (125,200-square-meter) distribution facility. Strategically located along Wangan expressway and Route 357, a highway connection to major roadways throughout the region, ProLogis Parc Ichikawa I supports distribution to the greater Tokyo and Chiba regions. Sustainable features include a pre-cast concrete seismic isolation system, a rainwater recycling system and solar-powered outdoor lighting.

Yamada added, "Distribution locations in and around Tokyo have continued to attract steady interest from our customers. While the challenging economic environment still plays a large role in business decisions, many companies continue to look for ways to consolidate distribution networks from inefficient, older facilities into newer, state-of-the-art distribution centers to increase efficiencies. Locating near Tokyo enables customers to easily reach a population of more than 12 million people and provides convenient highway access to all areas of the country."

ProLogis is one of the largest providers of distribution space in Japan with approximately 8.5 million square feet (794,000 square meters) completed and under development, as well as 98 acres (39.7 hectares) of land available for future development. Major ProLogis customers in Japan include Kirin Logistics, Yamato Logistics, Konoike Transport, Costco, Daikin Industries, Sanyo Electric Logistics and Kintetsu World Express.

About ProLogis

ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com/.

DATASOURCE: ProLogis

CONTACT: media, Mo Sheahan of ProLogis, +1-303-567-5434,

; or Suzanne Dawson of Linden Alschuler & Kaplan, Inc.,

+1-212-329-1420, , for ProLogis; or investors, Melissa

Marsden of ProLogis, +1-303-567-5622,

Web Site: http://www.prologis.com/

ProLogis Closes on $123 Million of Portfolio Refinancings for Two ProLogis Property Funds

Date : 10/13/2009 @ 5:00PM
Source : PR Newswire

http://ih.advfn.com/p.php?pid=nmona&cb=1255524692&article=39877862&symbol=NY^PLD

DENVER, Oct. 13 /PRNewswire-FirstCall/ -- ProLogis (NYSE:PLD), a leading global provider of distribution facilities, announced today that it has closed on $123 million of secured financings for two of its property funds.

The first is a seven-year, $52.5 million secured financing with a major life insurance company on behalf of ProLogis California Fund. The financing has a 6.60 percent interest rate, a loan-to-value of approximately 50 percent and is secured by 11 industrial properties located in the LA Basin. The proceeds were used to refinance outstanding debt, and with this refinancing, the fund has addressed debt maturities into 2014.

The second, as announced earlier by ProLogis European Properties Fund (Euronext: PEPR), is a euro 48 million ($70.5 million), five-year, secured financing with a German Landesbank that is secured by four properties in Sweden. The proceeds from this financing were used to refinance outstanding debt.

"We continue to aggressively address fund debt maturities. So far this year, we have successfully addressed, refinanced or paid off $2.2 billion of 2009 and 2010 fund debt maturities, including virtually one hundred percent of $1.4 billion of 2009 maturities," said William E. Sullivan, chief financial officer.

About ProLogis

ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com/.

DATASOURCE: ProLogis

CONTACT: investor relations, Melissa Marsden, +1-303-567-5622,

; or media, Krista Shepard, +1-303-567-5907,

, both of ProLogis; or financial media, Suzanne Dawson of

Linden Alschuler & Kaplan, Inc, +1-212-329-1420, , for

ProLogis

Web Site: http://www.prologis.com/

ProLogis Research Group Releases New Report on Industrial Property Markets in Europe

Date : 10/13/2009 @ 3:00AM
Source : PR Newswire

http://ih.advfn.com/p.php?pid=nmona&cb=1255456115&article=39861382&symbol=NY^PLD

AMSTERDAM, Oct. 13 /PRNewswire-FirstCall/ -- ProLogis (NYSE:PLD), a leading global provider of distribution facilities, announced today the release of a new research report on the state of the industrial property markets in Europe, entitled "Looking for the Rainbow."

The report is based on market statistics and data compiled from a variety of sources, including ProLogis market officers, brokerage companies and market research groups. The information covers distribution property markets in the United Kingdom as well as northern, southern and central Europe up to and including the first half of 2009.

"Europe's logistics property markets are feeling the weight of both a severe economic downturn and a lingering credit crunch," commented Len Sahling, first vice president of the ProLogis Research Group. "The European economies are starting to emerge from several quarters of negative GDP growth, and the logistics property leasing markets will follow suit, albeit with a lag. Meaningful GDP growth combined with obsolescence and no new supply will eventually pull Europe's logistics property leasing markets out of their slump."

Detailed findings in the report include the following:

-- During the first half of 2009, leasing market fundamentals continued to weaken throughout Europe, with the pan-European market occupancy rate slipping to 86 percent in the second quarter of 2009 from 87 percent in the previous quarter and 89 percent a year ago.

-- New deliveries to the Continental European markets have remained relatively stable throughout the current steep recession, largely because of the sizable overhang of construction projects begun last year before the credit crisis erupted.

-- All across Europe, new starts have tapered off in recent months and are now limited almost exclusively to build-to-suit projects. As a result, the construction pipelines have begun to shrink, suggesting that deliveries will soon begin to taper off.

-- Investors have developed a renewed appreciation for market risk and are now making sharper distinctions between countries in Europe regarding economic, currency and property market risks. There is a renewed market focus on prime properties in Europe, where the leases have strong covenants and lease terms of five years.

For a copy of the report on the property markets in Europe, please visit: http://www.prologisresearch.com/supplychain/default.asp?reid=A3U21446887DE.

The ProLogis Research Group monitors, analyzes and reports on key trends and dynamics in both real estate and supply-chain management, drawing from industry data and primary research conducted by company analysts and a network of affiliated academics and other professionals. Past reports have focused on global supply chain dynamics, internet retailing, RFID technology, offshore outsourcing and other related topics. For more, please visit http://www.prologisresearch.com/.

About ProLogis

ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com/.

DATASOURCE: ProLogis

CONTACT: Media, Mo Sheahan of ProLogis, +1-303-567-5434,

; or Suzanne Dawson of Linden Alschuler & Kaplan, Inc.,

+1-212-329-1420, , for ProLogis; or Investors, Melissa

Marsden of ProLogis, +1-303-567-5622,

Web Site: http://www.prologis.com/

http://www.prologisresearch.com/

ProLogis Announces Third-Quarter Leasing Activity in Mexico

Date : 10/12/2009 @ 7:00AM
Source : PR Newswire

http://ih.advfn.com/p.php?pid=nmona&cb=1255352193&article=39850294&symbol=NY^PLD

Company Signs Four Lease Agreements Totaling 860,000 Square Feet, Including 660,000 Square Feet of Development Portfolio Space -

MEXICO CITY, Oct. 12 /PRNewswire-FirstCall/ -- ProLogis (NYSE:PLD), a leading global provider of distribution facilities, announced today it signed third-quarter lease agreements in Mexico totaling approximately 860,000 square feet (79,900 square meters), including 660,000 square feet (61,300 square meters) in its development portfolio.

"We are very pleased to have leased a significant amount of distribution space during the third quarter in Mexico," said Silvano Solis, ProLogis managing director and head of Mexico operations. "ProLogis continues to demonstrate our unique ability to serve both local and global customers in the country, and even throughout challenging market conditions we have consistently met our customers' needs for modern, efficient and well-located facilities."

Recent activity within ProLogis' development portfolio included:

-- 450,000 square feet (41,800 square meters) leased to a global technology leader in consumer electronics, home appliances and mobile communications. The customer will occupy the space at ProLogis Park Cedros-Tepotzotlan Building 10. This is the ninth lease agreement between ProLogis and the company, which now occupies more than 2.8 million square feet (260,100 square meters) of ProLogis distribution space in the United States, The Netherlands, Poland and Mexico.

-- 148,000 square feet (13,700 square meters) leased to a leading business in the automotive industry. The existing ProLogis customer will occupy the space at ProLogis Park Toluca, located approximately 50 miles (80 kilometers) southwest of Mexico City along Interstate 15.

Currently comprising one, 448,000-square-foot (41,600-square-meter) facility, the 50-acre (20-hectare) site has the capacity to support an additional three buildings and 628,000 square feet (58,000 square meters) of industrial space.

-- 62,000 square feet (5,800 square meters) of additional space leased to Evenflo Mexico with a lease expansion. Currently occupying 73,000 square feet (6,800 square meters) at another ProLogis distribution center, the company is relocating and expanding to 135,000 square feet (12,500 square meters) of distribution space at ProLogis Park Izcalli Building One, located in Cuautitlan Izcalli, Mexico, approximately 20 miles north of Mexico City. Evenflo is a leading manufacturer of infant equipment, baby care and juvenile products.

Additional lease activity included:

-- 200,000 square feet (18,600 square meters) leased to Fisher and Paykel Healthcare, a world leader in the design and manufacture of respiratory care devices. The customer will take the space at Pacifico Industrial Center Building 13, located in Tijuana. ProLogis acquired this facility mid-2008.

ProLogis is one of Mexico's largest providers of industrial and distribution space with a 19-million-square-foot portfolio in 11 markets throughout the country. Additional ProLogis customers in Mexico include Bose Corporation, Black & Decker and Whirlpool.

About ProLogis

ProLogis is a leading global provider of distribution facilities, with more than 475 million square feet of industrial space (44 million square meters) in markets across North America, Europe and Asia. The company leases its industrial facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. For additional information about the company, go to http://www.prologis.com/.

DATASOURCE: ProLogis

CONTACT: Media, Mo Sheahan of ProLogis, +1-303-567-5434,

; or Suzanne Dawson of Linden Alschuler & Kaplan, Inc.,

+1-212-329-1420, , for ProLogis; or Investors, Melissa

Marsden of ProLogis, +1-303-567-5622,

Web Site: http://www.prologis.com/