Announcement • Jul 02
Prologis, Inc. Announces Appointment of Alfred F. Kelly, Jr. to Board of Directors, Governance and Nomination Committee Prologis, Inc. announced that its board of directors appointed Alfred F. Kelly, Jr. as a director of the company. Kelly served as chief executive officer of Visa Inc. from 2016 to 2023, where he led one of the world's largest payment technology companies. He was elected chairman of Visa's board of directors in 2019 and became executive chairman in 2023, serving in that role until 2024. Prior to Visa, Kelly held senior leadership roles at American Express Company, including president of the company. He also served as president and chief executive officer of the New York–New Jersey Super Bowl Host Committee. Since 2024, Kelly has served as an Advisory Director at Berkshire Partners. He is also a member of the board of directors of General Motors Company, where he serves on the Audit Committee and the Risk and Cybersecurity Committee. Kelly holds a Bachelor of Arts in Computer Science from Iona University and a Master of Business Administration from Iona University. Mr. Kelly will join the Board Governance and Nomination Committee. Announcement • Jan 22
Prologis, Inc. Provides Earnings Guidance for 2025 Prologis, Inc. provided earnings guidance for 2025. For the period, the company expects earnings diluted share attributable to common stockholders to be in the range of $3.45 to $3.70. Announcement • Dec 20
Prologis, Inc. to Report Q4, 2024 Results on Jan 21, 2025 Prologis, Inc. announced that they will report Q4, 2024 results on Jan 21, 2025 Announcement • Dec 05
Prologis, Inc. Declares Quarterly Dividend, Payable on December 31, 2024 The Board of Directors of Prologis, Inc. declared a regular cash dividend of $0.96 per share of the company's common stock for the quarter ending December 31, 2024, payable on December 31, 2024, to common stockholders of record at the close of business on December 16, 2024. Announcement • Oct 16
Prologis, Inc. Revises Earnings Guidance for the Year 2024 Prologis, Inc. revised earnings guidance for the year 2024. For the year, the company expects net earnings per diluted share attributable to common stockholders to be in the range of $3.35 per share to $3.45 per share against previous guidance range of $3.25 per share to $3.45 per share. Announcement • Sep 27
Prologis, Inc. to Report Q3, 2024 Results on Oct 16, 2024 Prologis, Inc. announced that they will report Q3, 2024 results on Oct 16, 2024 Announcement • Sep 04
Prologis, Inc. Declares Regular Cash Dividend for the Quarter Ending September 30, 2024, Payable on September 30, 2024 The Board of Directors of Prologis, Inc. declared a regular cash dividend for the quarter ending September 30, 2024, on the following securities A dividend of $0.96 per share of the company's common stock, payable on September 30, 2024, to common stockholders of record at the close of business on September 16, 2024. Announcement • Aug 19
Prologis, Inc. Appoints Ted Eliopoulos as Managing Director, Strategic Capital Prologis, Inc. announced that Ted Eliopoulos is joining the company as managing director, Strategic Capital. A seasoned and respected investment management executive, Eliopoulos will help Prologis continue to grow its private investment business, bringing years of experience and deep expertise. Eliopoulos will work closely with Karsten Kallevig, global head of Strategic Capital. Most recently, Eliopoulos was managing director and senior advisor of Calvert Research and Management, having previously served as Calvert's CEO and president. Previously, Eliopoulos served as the vice chairman & head of Strategic Partnerships at Morgan Stanley Investment Management (MSIM) from 2019-2022. Prior to joining Morgan Stanley, Eliopoulos served as the chief investment officer of the California Public Employees' Retirement System (CalPERS) from 2014 - 2018. Before becoming CIO, from 2007 - 2014, he was CalPERS' Senior Investment Officer of Real Estate and then Real Assets. From 2002 to 2006, he served as the chief deputy treasurer and deputy treasurer at the California State Treasurer's Office. Eliopoulos' past and current board affiliations include the U.S. Real Estate Roundtable and the Pensions Real Estate Association (Board Chair 2012-2014), and the Sustainability Accounting Standard's Board's Investor Advisory Group, as well as the Alliance for Southern California Innovation Advisory Council. Eliopoulos currently serves on the Board of the Robert Toigo Foundation and the Pacific Pension Institute. Eliopoulos received his bachelor's degree, magna cum laude, with honors from Dartmouth College and holds a juris doctor degree from the University of Virginia. Announcement • Aug 17
Prologis, Inc. (NYSE:PLD) acquired 145,352-square-foot office building at 9700 N.W. 112th Ave. from TracFone Wireless, Inc. for $54.5 million. Prologis, Inc. (NYSE:PLD) acquired 145,352-square-foot office building at 9700 N.W. 112th Ave. from TracFone Wireless, Inc. for $54.5 million on August 16, 2024. A cash consideration of $55 million will be paid by Prologis, Inc.
Prologis, Inc. (NYSE:PLD) completed the acquisition of 145,352-square-foot office building at 9700 N.W. 112th Ave. from TracFone Wireless, Inc. on August 16, 2024. Announcement • Jun 28
Prologis, Inc. to Report Q2, 2024 Results on Jul 17, 2024 Prologis, Inc. announced that they will report Q2, 2024 results on Jul 17, 2024 Announcement • May 30
EQT Exeter Real Estate Income Trust, Inc. Managed by EQT Exeter Industrial Value Fund VI, L.P. acquired 20 industrial properties from Prologis, Inc. (NYSE:PLD). EQT Exeter Real Estate Income Trust, Inc. Managed by EQT Exeter Industrial Value Fund VI, L.P. acquired 20 industrial properties from Prologis, Inc. (NYSE:PLD) on May 29, 2024. Josh McArtor and Caitlin Clinton of Eastdil Secured arranged the transaction with assistance from Michael Caprile and Jusdon Welliver of CBRE National Partners.EQT Exeter Real Estate Income Trust, Inc. Managed by EQT Exeter Industrial Value Fund VI, L.P. completed the acquisition of 20 industrial properties from Prologis, Inc. (NYSE:PLD) on May 29, 2024. Announcement • May 25
Performance Team - A Maersk Company & Prologis Launch New EV Truck Charging Depot, Powered by Largest EV Truck Microgrid Prologis, Inc. and Performance Team – A Maersk Company, announced the launch of Southern California's largest heavy-duty electric vehicle (EV) charging depot, located near the Ports of Los Angeles and Long Beach and powered by the nation's largest EV truck microgrid. Located directly off the Harbor (110) Freeway in Los Angeles on Denker Avenue, and within five miles of Interstate 405 and California State Route 91 (SR91), the Denker charging depot will have the ability to charge up to 96 EV trucks simultaneously. Prologis and Performance Team constructed the facility in just five months. Performance Team will be using its fleet of Volvo VNR Electric trucks which have a range of 240 miles and can charge up to 80% in 90 minutes. Against the backdrop of California's requirements to end the sale of diesel trucks and move to electric drayage trucks by 2035 and electric heavy-duty trucks by 2045, companies are investing in charging infrastructure to support operations. This project is a key connector in the infrastructure needed to meet the state's goals. While utilities work to upgrade the electrical grid, companies like Prologis and Maersk are investing heavily in California to find innovative and creative solutions that get EV trucks on the road immediately. In developing the Denker charging depot, Prologis installed the charging infrastructure to help speed up the time the project could get online and trucks could get on the road, rather than waiting up to two years for the grid upgrade. Prologis developed an innovative charging solution, in conjunction with Mainspring Energy, to build a microgrid, which is any small network of electrical generators and loads that may be grid-connected but is capable of operating independently of the local grid. The Prologis Denker microgrid uses 2.75 MW of fuel-flexible, hydrogen-ready linear generators paired with 18 MWh of batteries to provide up to 9 MW of charging capacity. Announcement • May 23
Prologis Announces Executive Changes Prologis announced Ed Nekritz and Colleen McKeown will retire as chief legal officer and chief human resources officer, effective January 1, 2025. Current Deputy General Counsel Deborah Briones and Senior Vice President of Human Resources Nathaalie Carey will succeed Nekritz and McKeown. Nekritz and McKeown will continue to serve as senior advisors to the company in 2025. These changes are part of the company's long-term and ongoing succession planning. Briones has been with Prologis for nearly 20 years, joining the company in 2004. Today, as managing director and deputy general counsel, she leads the corporate, energy, mobility, Essentials and Latin America legal teams and government affairs initiatives at the company. As chief legal officer and general counsel, Briones will be responsible for overseeing the strategy and execution of all legal aspects of the global business, including corporate, strategic capital and Essentials transactions, corporate governance, legal operations and innovation, government affairs, compliance and litigation. Carey joined Prologis in 2022 and leads the company's U.S., LATAM and EU human resources business operations as well as the global Diversity, Equity, Inclusion and Belonging (DEIB) programs. As CHRO, she will be responsible for the company's HR strategy to support its growth. This includes managing workforce development and organizational design and overseeing all HR functions, including talent acquisition and development, employee relations, compensation, information systems and employee benefits. Nekritz has had an enormous hand in helping to shape Prologis during his 30-year tenure, initially joining as the company's first lawyer and general counsel. Under his leadership, the Prologis legal department actively supports the company's growth as key business partners while protecting the global brand. Nekritz leads a diverse team, focused on legal, strategic capital, risk management and compliance, environmental and government/community affairs. He has been a critical partner in the company's M&A activities over his three decades of service as well as significantly contributing to the company's global expansion. As president of the Prologis Foundation, he has spearheaded Prologis' community involvement and corporate citizenship efforts. McKeown joined Prologis in 2018 to help modernize the company's HR function as well as with the goal of helping plan for and execute on a thoughtful and long-term succession plan. She also helped lead the company through the pandemic, prioritizing people and culture during a tumultuous time. Announcement • May 11
Prologis, Inc. Declares Regular Cash Dividend for the Quarter Ending June 30, 2024, Payable on June 28, 2024 The Board of Directors of Prologis, Inc. declared a regular cash dividend for the quarter ending June 30, 2024, on the following securities: A dividend of $0.96 per share of the company's common stock, payable on June 28, 2024, to common stockholders of record at the close of business on June 17, 2024. Announcement • Apr 18
Prologis, Inc. Revises Earnings Guidance for the Year 2024 Prologis, Inc. revised earnings guidance for the year 2024. For the year, the company expects net earnings per diluted share attributable to common stockholders to be in the range of $3.15 to $3.35 against previous guidance range of $3.20 to $3.45. Announcement • Mar 30
Prologis, Inc., Annual General Meeting, May 09, 2024 Prologis, Inc., Annual General Meeting, May 09, 2024, at 14:00 Pacific Standard Time. Agenda: To consider Election of 11 directors to the company's Board to serve until the next annual meeting of stockholders and until their successors are duly elected and qualified; to consider Non-binding, advisory vote to approve the company’s executive compensation for 2023; to consider Approval to amend the company’s Charter to reduce stockholder voting thresholds; to consider Approval to amend the company’s Bylaws to reduce stockholder voting thresholds; to consider stockholder proposal titled “Simple Majority Vote”; and to consider any other matters that may properly come before the meeting and at any adjournments or postponements of the meeting. Announcement • Mar 20
Prologis, Inc. to Report Q1, 2024 Results on Apr 17, 2024 Prologis, Inc. announced that they will report Q1, 2024 results on Apr 17, 2024 Announcement • Feb 23
Prologis, Inc. Declares Regular Cash Dividend for the Quarter Ending March 31, 2024, Payable on March 29, 2024 The Board of Directors of Prologis, Inc. approved a plan to raise the company's annualized dividend by 10% to $3.84 per share of common stock. The board declared a regular cash dividend for the quarter ending March 31, 2024, a dividend of $0.96 per share of the company's common stock, payable on March 29, 2024, to common stockholders of record at the close of business on March 18, 2024. Announcement • Jan 18
Prologis, Inc. Provides Earnings Guidance for the Year 2024 Prologis, Inc. provided earnings guidance for the year 2024. For the year, the company expects Net earnings attributable to common stockholders (per diluted share) of $3.20 to $3.45. Announcement • Dec 29
Prologis, Inc. to Report Q4, 2023 Results on Jan 17, 2024 Prologis, Inc. announced that they will report Q4, 2023 results on Jan 17, 2024 Announcement • Dec 22
Prologis Vice Chairman Gene Reilly to Retire Prologis, Inc. announced that Vice Chairman Gene Reilly will be retiring at year end, after which he will serve as a senior advisor through April 2024. Reilly has played a critical leadership role in almost every respect of the company's growth and evolution for more than two decades. He is considered as one of the most knowledgeable global experts on logistics real estate and, during his career, has contributed his time and leadership skills to the industry via trade organizations such as NAIOP, ULI and the Real Estate Roundtable. Within Prologis, Reilly is known as a tireless promoter of best practices in facility design and construction, clear and concise communication, and innovations such as the Clear Lease, which he conceived several years ago to leverage the company's growing scale. Announcement • Dec 07
Prologis, Inc. Announces Cash Dividend for the Quarter Ending December 31, 2023, Payable on December 29, 2023 Prologis, Inc. announced dividend of $0.87 per share of the company's common stock a regular cash dividend for the quarter ending December 31, 2023, payable on December 29, 2023, to common stockholders of record at the close of business on December 18, 2023. Announcement • Nov 17
Prologis, Inc. Announces Change in Management Team, Effective January 1, 2024, on June 30, 2024 Prologis, Inc. announced three new appointments to its Executive Committee – Carter Andrus as chief operating officer (COO), Joseph Ghazal as chief investment officer (CIO) and Susan Uthayakumar, the company's current chief energy and sustainability officer effective January 1, 2024. As part of the company's long-term and ongoing succession planning, it also announced that Gary Anderson, the current COO, will move to a new role as senior advisor effective January 1, 2024, and retire on June 30, 2024. Andrus will become the company's new chief operating officer and join the Executive Committee. In this new role, he will lead the company's global real estate organization. Andrus joined Prologis in 2008 and has held a number of leadership roles at the market, regional and global level. Most recently, he served as global head of operations. Prior to joining Prologis, Andrus was a senior vice president at Colliers. Ghazal will take on the role of chief investment officer and join the Executive Committee, leading all of the company's global capital deployment strategy and execution as well as the Investment Committee. With more than 20 years of tenure at Prologis, Ghazal brings deep capital deployment and leadership experience to the CIO role. The company's global construction operation will also report into him. Uthayakumar will continue in her role as chief energy and sustainability officer and will join the Executive Committee. Uthayakumar joined Prologis in January 2022 and led the development of the company's net zero strategy, extending its leadership position in sustainability while accelerating Prologis' growing renewable energy business. Previously, she was president of Schneider Electric's Sustainability Business Division. All three will report to Dan Letter, Prologis' global president. Announcement • Sep 29
Prologis, Inc. to Report Q3, 2023 Results on Oct 17, 2023 Prologis, Inc. announced that they will report Q3, 2023 results on Oct 17, 2023 Announcement • Sep 07
Prologis, Inc. Declares Regular Cash Dividend for the Quarter Ending September 30, 2023, Payable on September 29, 2023 Prologis, Inc. declared a regular cash dividend for the quarter ending September 30, 2023, amounting to $0.87 per share of the company's common stock, payable on September 29, 2023, to common stockholders of record at the close of business on September 18, 2023. Announcement • Jun 28
Prologis, Inc. (NYSE:PLD) entered into a definitive agreement to acquire 14MSF Blackstone Industrial Portfolio from Blackstone Inc. (NYSE:BX) for $3.1 billion. Prologis, Inc. (NYSE:PLD) entered into a definitive agreement to acquire 14MSF Blackstone Industrial Portfolio from Blackstone Inc. (NYSE:BX) for $3.1 billion on June 26, 2023. The purchase price will be funded by cash. The transaction is currently expected to close by the end of the second quarter. Eastdil Secured, Barclays, BofA Securities, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, PJT Partners and Wells Fargo acted as financial advisors to Blackstone, and Simpson Thacher & Bartlett LLP acted as legal advisor. Announcement • Jun 20
FIBRA Prologis (BMV:FIBRAPL 14) acquired Three Logistics Properties in Ciudad Juarez, Monterrey and Tijuana from Prologis, Inc. (NYSE:PLD) for 74.9 million. FIBRA Prologis (BMV:FIBRAPL 14) acquired Three Logistics Properties in Ciudad Juarez, Monterrey and Tijuana from Prologis, Inc. (NYSE:PLD) for 74.9 million on June 19, 2023. The buildings, which comprise 651,258 square feet of industrial space, are fully leased in US dollars.FIBRA Prologis (BMV:FIBRAPL 14) completed the acquisition of Three Logistics Properties in Ciudad Juarez, Monterrey and Tijuana from Prologis, Inc. (NYSE:PLD) on June 19, 2023. Announcement • May 06
Prologis, Inc. Declares Regular Cash Dividend for the Quarter Ending June 30, 2023, Payable on June 30, 2023 The Board of Directors of Prologis, Inc. declared a regular cash dividend for the quarter ending June 30, 2023, A dividend of $0.87 per share of the company's common stock, payable on June 30, 2023, to common stockholders of record at the close of business on June 16, 2023. Announcement • Jan 19
Prologis, Inc. Provides Earnings Guidance for the Fiscal Year 2023 Prologis, Inc. provided earnings guidance for the fiscal year 2023. for the year, the company expects Net earnings attributable to common stockholders of $3.00 to $3.15 per share. Announcement • Jan 12
Prologis, Inc. Appoints Sander Breugelmans as New Head of Capital Deployment for Europe Prologis, Inc. has appointed a new head of capital deployment for Europe, covering acquisitions, disposals and fund contributions across 12 countries, including the UK. Sander Breugelmans has taken up the role, having previoulsy led the Benelux team through growth as country manager and most recently expanded the northern European portfolio into new markets as regional head. He joined Prologis in 2006 and has worked in the commercial real estate sector in Europe and the US for more than 20 years. The appointment is part of a management re-jig following the promotion of Joseph Ghazal from the European role to global lead for capital deployment. In Europe, Breugelmans will oversee all teams responsible for capital deployment spanning areas including land, development, acquisitions, disposals and fund contributions across the 12 European countries Prologis operates in. Announcement • Jan 10
Prologis Appoints Scott Marshall as Chief Customer Officer, Effective from April 1, 2023 Prologis announced Scott Marshall, global head of Customer Led Solutions at Prologis, will take the role of chief customer officer on April 1, 2023. Mike Curless, the current chief customer officer, will move to a senior advisor role before retiring in late 2023. In his new role, Marshall will serve as a primary advocate for Prologis customers across all business lines and geographies. He will lead the teams responsible for executing the company's comprehensive customer strategy. This change is a part of Prologis' ongoing leadership succession planning process. Other recent leadership changes include Dan Letter becoming president of Prologis on Jan. 1 after serving as global head of Capital Deployment. Before joining Prologis, Marshall served as CBRE's global chief client officer and held other numerous executive leadership positions, including Americas head of industrial and logistics and Americas president of investor leasing. At CBRE, he also worked closely with Prologis leadership and real estate teams for several years before joining Prologis in May 2021. He was also president and chief development officer at Hana, where he and the team launched CBRE's flexible office space offering. Announcement • Jan 06
Prologis, Inc. Announces Executive Appointments Prologis, Inc. announced that effective January 1, 2023, Daniel Letter became President of the company and Eugene Reilly became Vice Chairman of the company. Announcement • Dec 21
Prologis, Inc. to Report Q4, 2022 Results on Jan 18, 2023 Prologis, Inc. announced that they will report Q4, 2022 results on Jan 18, 2023 Announcement • Dec 08
Prologis, Inc. Declares Regular Cash Dividend for the Quarter Ending December 31, 2022, Payable on December 30, 2022 The board of directors of Prologis, Inc. declared a regular cash dividend for the quarter ending December 31, 2022 of $0.79 per share of the company's common stock, payable on December 30, 2022, to common stockholders of record at the close of business on December 19, 2022. Announcement • Oct 20
Prologis, Inc. Revises Earnings Guidance for the Full Year 2022 Prologis, Inc. revised earnings guidance for the full year 2022. For the year, the company expected net earnings per diluted share in the range of $4.25 to $4.30 down from the previous guidance range of $5.15 to $5.25. Announcement • Oct 19
Prologis UK Hires Jason Longhurst as Sustainable Investment Head Prologis has appointed Jason Longhurst as UK head of sustainable investment and development. Jason Colour He joins from Bradford City Metropolitan District Council, where he was strategic director of place. At Prologis UK, he will “lead on public, private and trade sector engagement on wide-ranging agenda areas including innovation, market disruption and sustainable economic growth”.Longhurst is chair of the UK Business Council for Sustainable Development (UKBCSD) and sits on the UK Business Group Alliance for Net Zero and SME Net Zero Working Group for Business Energy and Industrial Strategy (BEIS). Announcement • Sep 28
Prologis, Inc. Announces Executive Changes Prologis Inc. announced Global Head of Deployment Dan Letter will assume the role of president, and Chief Investment Officer Gene Reilly will become vice chairman of the global real estate firm, effective January 1, 2023. In this role, Letter, who has been with Prologis since 2004, will be responsible for the company's global real estate operations and capital deployment activities. Reilly, who has been with Prologis since 2003, will remain on Prologis' executive committee and serve as a senior advisor to Prologis CEO and co-founder Hamid Moghadam. This change is a part of Prologis' ongoing leadership succession planning process. Letter and Reilly will both report to Moghadam in the new year. As president, Letter will be responsible for Prologis' global capital deployment and operations teams, which cover 19 countries and four continents. Having started with AMB, he has been part of the company's boldest moves that have positioned it as the largest player in the logistics real estate sector. The company's regional presidents, global head of operations and global head of capital deployment will report to Letter. Letter joined AMB Property Corporation in 2004 and has moved up the ranks in the deployment organization. Announcement • Sep 02
Prologis, Inc. Declares Dividend for the Quarter Ending September 30, 2022, Payable on September 30, 2022 The Board of Directors of Prologis, Inc. declared a regular cash dividend for the quarter ending September 30, 2022. A dividend of $0.79 per share of the company's common stock, payable on September 30, 2022, to common stockholders of record at the close of business on September 15, 2022. Announcement • Aug 19
Prologis, Inc. (NYSE:PLD) agreed to acquire Rosecroft Raceway in Prince George's County from Maryland Jockey Club, Inc. Prologis, Inc. (NYSE:PLD) agreed to acquire Rosecroft Raceway in Prince George's County from Maryland Jockey Club, Inc. on August 18, 2022. The agreement is subject to due diligence and other contingencies. Announcement • Jul 19
Prologis, Inc. Revises Earnings Guidance for the Full Year 2022 Prologis, Inc. revised earnings guidance for the full year 2022. For the year, the company expected net earnings per diluted share to be in the range of $5.15 to $5.25 against prior guidance of $4.85 to $5.00. Announcement • Jun 08
Prologis, Inc. (NYSE:PLD) acquired Portfolio of Eleven Logistics Properties in Germany from UBS Real Estate Kapitalanlagegesellschaft mbH. Prologis, Inc. (NYSE:PLD) acquired Portfolio of Eleven Logistics Properties in Germany from UBS Real Estate Kapitalanlagegesellschaft mbH on June 7, 2022. BNP Paribas SA (ENXTPA:BNP) acted as financial advisor to UBS Real Estate Kapitalanlagegesellschaft mbH, DLA Piper LLP (US) acted as a legal advisor to UBS Real Estate Kapitalanlagegesellschaft mbH. Hogan Lovells acted as a legal advisor to Prologis, Inc.
Prologis, Inc. (NYSE:PLD) completed the acquisition of Portfolio of Eleven Logistics Properties in Germany from UBS Real Estate Kapitalanlagegesellschaft mbH on June 7, 2022. Board Change • May 26
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 7 highly experienced directors. Independent Director Avid Modjtabai was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 
