SAN
FRANCISCO, Feb. 20, 2025 /PRNewswire/ -- The Board of
Directors of Prologis, Inc. (NYSE: PLD) today approved a plan
to raise the company's annualized dividend by 5% to $4.04 per share of common stock.
The board declared a regular cash dividend for the quarter
ending March 31, 2025, on the
following securities:
- A dividend of $1.01 per share of
the company's common stock, payable on March
31, 2025, to common stockholders of record at the close of
business on March 18, 2025; and
- A dividend of $1.0675 per share
of the company's 8.54% Series Q Cumulative Redeemable Preferred
Stock, payable on March 31, 2025, to
Series Q stockholders of record at the close of business on
March 18, 2025.
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, 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;
(x) risks related to global pandemics; and (xi) 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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SOURCE Prologis, Inc.
