Prologis Management

Management criteria checks 3/4

Prologis' CEO is Hamid Moghadam, appointed in Dec 2012, has a tenure of 11.92 years. total yearly compensation is $50.89M, comprised of 0% salary and 100% bonuses, including company stock and options. directly owns 0.12% of the company’s shares, worth €130.65M. The average tenure of the management team and the board of directors is 9.1 years and 9.8 years respectively.

Key information

Hamid Moghadam

Chief executive officer

US$50.9m

Total compensation

CEO salary percentage	0.0%
CEO tenure	11.9yrs
CEO ownership	0.1%
Management average tenure	9.1yrs
Board average tenure	9.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Hamid Moghadam's remuneration changed compared to Prologis's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$3b
Jun 30 2024	n/a	n/a	US$3b
Mar 31 2024	n/a	n/a	US$3b
Dec 31 2023	US$51m	US$1	US$3b
Sep 30 2023	n/a	n/a	US$3b
Jun 30 2023	n/a	n/a	US$3b
Mar 31 2023	n/a	n/a	US$3b
Dec 31 2022	US$48m	US$1	US$3b
Sep 30 2022	n/a	n/a	US$4b
Jun 30 2022	n/a	n/a	US$4b
Mar 31 2022	n/a	n/a	US$4b
Dec 31 2021	US$25m	US$1	US$3b
Sep 30 2021	n/a	n/a	US$2b
Jun 30 2021	n/a	n/a	US$2b
Mar 31 2021	n/a	n/a	US$1b
Dec 31 2020	US$34m	US$1	US$1b
Sep 30 2020	n/a	n/a	US$2b
Jun 30 2020	n/a	n/a	US$2b
Mar 31 2020	n/a	n/a	US$2b
Dec 31 2019	US$30m	US$1	US$2b
Sep 30 2019	n/a	n/a	US$2b
Jun 30 2019	n/a	n/a	US$2b
Mar 31 2019	n/a	n/a	US$2b
Dec 31 2018	US$28m	US$1m	US$2b
Sep 30 2018	n/a	n/a	US$1b
Jun 30 2018	n/a	n/a	US$2b
Mar 31 2018	n/a	n/a	US$2b
Dec 31 2017	US$19m	US$1m	US$2b

Compensation vs Market: Hamid's total compensation ($USD50.89M) is above average for companies of similar size in the German market ($USD4.86M).

Compensation vs Earnings: Hamid's compensation has been consistent with company performance over the past year.

CEO

Hamid Moghadam (67 yo)

11.9yrs

Tenure

US$50,891,597

Compensation

Mr. Hamid R. Moghadam has been Chief Executive Officer at Prologis, Inc. since December 31, 2012 and is Co-Founder. Mr. Moghadam served as the Co-Chief Executive Officer from June 2011 to December 31, 2012...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Hamid Moghadam	Co-Founder	11.9yrs	US$50.89m	0.12% € 130.6m
Daniel Letter	President	1.8yrs	US$12.78m	0% € 0
Timothy Arndt	Chief Financial Officer	2.6yrs	US$10.67m	0.00039% € 410.0k
Edward Nekritz	Chief Legal Officer	13.4yrs	US$13.55m	0.00023% € 241.8k
Carter Andrus	Chief Operating Officer	less than a year	no data	no data
Joseph Ghazal	Chief Investment Officer	less than a year	no data	0.0014% € 1.5m
Lori Palazzolo	MD, Chief Accounting Officer & Senior VP	13.8yrs	no data	0.000070% € 73.6k
Sineesh Keshav	Chief Technical Officer	no data	no data	no data
Charles Sullivan	Chief Administrative Officer	14.3yrs	no data	no data
Tracy Ward	Senior Vice President of Investor Relations & Corporate Communications	18.1yrs	no data	no data
Jan Kneisel	Chief Compliance Officer	no data	no data	no data
Colleen McKeown	Chief Human Resource Officer	6.3yrs	no data	no data

9.1yrs

Average Tenure

58yo

Average Age

Experienced Management: POJN's management team is seasoned and experienced (9.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Hamid Moghadam	Co-Founder	27yrs	US$50.89m	0.12% € 130.6m
George Fotiades	Independent Director	13.4yrs	US$382.41k	0.00086% € 904.2k
Carl Webb	Independent Director	17.3yrs	US$387.41k	0.0095% € 10.0m
Irving Lyons	Lead Independent Director	15.2yrs	US$404.91k	0.0025% € 2.7m
Lydia Kennard	Independent Director	20.3yrs	US$357.41k	0.0033% € 3.5m
James Connor	Independent Director	2.1yrs	US$357.41k	0.00046% € 483.6k
Olivier Piani	Independent Director	7.5yrs	US$344.91k	0.00099% € 1.0m
Avid Modjtabai	Independent Director	4.8yrs	US$344.91k	0.0021% € 2.2m
David O'Connor	Independent Director	9.8yrs	US$357.41k	0.00097% € 1.0m
Cristina Bita	Independent Director	6.5yrs	US$357.41k	0.0012% € 1.2m
Guy Metcalfe	Independent Director	less than a year	no data	0.00027% € 283.9k

9.8yrs

Average Tenure

67yo

Average Age

Experienced Board: POJN's board of directors are considered experienced (9.8 years average tenure).

Prologis Management

Management criteria checks 3/4

Key information

Recent management updates

Prologis, Inc. Appoints Ted Eliopoulos as Managing Director, Strategic Capital

Prologis Announces Executive Changes

Prologis, Inc., Annual General Meeting, May 09, 2024

Insufficient new directors

Independent Director recently sold €15m worth of stock

Prologis Vice Chairman Gene Reilly to Retire

Recent updates

Third quarter 2024 earnings released: EPS: US$1.05 (vs US$0.81 in 3Q 2023)

Prologis, Inc. Revises Earnings Guidance for the Year 2024

Prologis, Inc. to Report Q3, 2024 Results on Oct 16, 2024

Second quarter dividend of US$0.96 announced

Prologis, Inc. Declares Regular Cash Dividend for the Quarter Ending September 30, 2024, Payable on September 30, 2024

Prologis, Inc. Appoints Ted Eliopoulos as Managing Director, Strategic Capital

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.

Second quarter 2024 earnings released: EPS: US$0.90 (vs US$1.31 in 2Q 2023)

Prologis, Inc.(NYSE:PLD) dropped from Russell 1000 Value-Defensive Index

Prologis, Inc. to Report Q2, 2024 Results on Jul 17, 2024

Upcoming dividend of US$0.96 per share

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).

Performance Team - A Maersk Company & Prologis Launch New EV Truck Charging Depot, Powered by Largest EV Truck Microgrid

Prologis Announces Executive Changes

First quarter dividend of US$0.96 announced

Prologis, Inc. Declares Regular Cash Dividend for the Quarter Ending June 30, 2024, Payable on June 28, 2024

Prologis, Inc. Revises Earnings Guidance for the Year 2024

First quarter 2024 earnings released: EPS: US$0.61 (vs US$0.50 in 1Q 2023)

Prologis, Inc., Annual General Meeting, May 09, 2024

Prologis, Inc. to Report Q1, 2024 Results on Apr 17, 2024

Upcoming dividend of US$0.96 per share

Fourth quarter dividend of US$0.96 announced

Prologis, Inc. Declares Regular Cash Dividend for the Quarter Ending March 31, 2024, Payable on March 29, 2024

Full year 2023 earnings released: FFO per share: US$6.2 (vs US$6.21 in FY 2022)

New minor risk - Profit margin trend

Prologis, Inc. Provides Earnings Guidance for the Year 2024

Full year 2023 earnings released: EPS: US$3.21 (vs US$4.28 in FY 2022)

Insufficient new directors

Prologis, Inc. to Report Q4, 2023 Results on Jan 17, 2024

Independent Director recently sold €15m worth of stock

Prologis Vice Chairman Gene Reilly to Retire

Prologis, Inc. Announces Cash Dividend for the Quarter Ending December 31, 2023, Payable on December 29, 2023

Now 21% undervalued after recent price drop

Prologis, Inc. Announces Change in Management Team, Effective January 1, 2024, on June 30, 2024

Third quarter 2023 earnings released: FFO per share: US$1.5 (vs US$2.01 in 3Q 2022)

Now 21% undervalued after recent price drop

Prologis, Inc. Revises Earnings Guidance for the Fiscal Year 2023

Prologis, Inc. to Report Q3, 2023 Results on Oct 17, 2023

Now 24% undervalued

Prologis, Inc. Declares Regular Cash Dividend for the Quarter Ending September 30, 2023, Payable on September 29, 2023

Independent Director recently sold €1.2m worth of stock

Second quarter 2023 earnings released: EPS: US$1.28 (vs US$0.82 in 2Q 2022)

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.

FIBRA Prologis (BMV:FIBRAPL 14) acquired Three Logistics Properties in Ciudad Juarez, Monterrey and Tijuana from Prologis, Inc. (NYSE:PLD) for 74.9 million.

Upcoming dividend of US$0.87 per share at 2.7% yield

Prologis, Inc. Declares Regular Cash Dividend for the Quarter Ending June 30, 2023, Payable on June 30, 2023

First quarter 2023 earnings released: EPS: US$0.49 (vs US$1.55 in 1Q 2022)

Upcoming dividend of US$0.87 per share at 2.8% yield

Now 23% undervalued after recent price drop

Full year 2022 earnings released: EPS: US$4.14 (vs US$3.97 in FY 2021)

Prologis, Inc. Provides Earnings Guidance for the Fiscal Year 2023

Prologis, Inc. Appoints Sander Breugelmans as New Head of Capital Deployment for Europe

Prologis Appoints Scott Marshall as Chief Customer Officer, Effective from April 1, 2023

Prologis, Inc. Announces Executive Appointments

Prologis, Inc. to Report Q4, 2022 Results on Jan 18, 2023

Prologis, Inc. Declares Regular Cash Dividend for the Quarter Ending December 31, 2022, Payable on December 30, 2022

Independent Director recently bought €989k worth of stock

Third quarter 2022 earnings released: EPS: US$1.32 (vs US$0.98 in 3Q 2021)

Prologis, Inc. Revises Earnings Guidance for the Full Year 2022

Prologis UK Hires Jason Longhurst as Sustainable Investment Head

Prologis, Inc. (NYSE:PLD) completed the acquisition of Duke Realty Corporation (NYSE:DRE) from BlackRock, Inc. (NYSE:BLK), State Street Corporation (NYSE:STT), The Vanguard Group, Inc., Cohen & Steers, Inc. (NYSE:CNS) and others.

Prologis, Inc. Announces Executive Changes

Upcoming dividend of US$0.79 per share

Prologis, Inc. Declares Dividend for the Quarter Ending September 30, 2022, Payable on September 30, 2022

Prologis, Inc. (NYSE:PLD) agreed to acquire Rosecroft Raceway in Prince George's County from Maryland Jockey Club, Inc.

Second quarter 2022 earnings released: EPS: US$0.80 (vs US$0.81 in 2Q 2021)

Prologis, Inc. Revises Earnings Guidance for the Full Year 2022

Now 20% undervalued after recent price drop