Prologis Announces Cash Dividend for Shareholders Ending December 2024

Prologis Declares Quarterly Dividend

Prologis, Inc., a leading player in logistics real estate, has announced a significant cash dividend for the upcoming quarter ending December 31, 2024. This decision, approved by the company’s Board of Directors, underscores Prologis's commitment to returning value to its shareholders even amidst fluctuating market conditions.

For the quarter, the company has set the dividend for its common stockholders at $0.96 per share. This payout will be distributed to stockholders recorded as of the close of business on December 16, 2024, with the payment scheduled for December 31, 2024.

Moreover, Prologis has also declared a dividend of $1.0675 per share for its 8.54% Series Q Cumulative Redeemable Preferred Stock. Similar to the common stock dividends, this payout will apply to Series Q stockholders of record at the close of business on December 16, 2024, and will also be disbursed on December 31, 2024.

About Prologis

Prologis, headquartered in San Francisco, is a prominent entity in the logistics sector. It has strategically focused on high-barrier and high-growth markets, which have solidified its position in the competitive realm of logistics real estate. As of September 30, 2024, Prologis had ownership or investment stakes in properties and development projects projected to cover about 1.2 billion square feet (approximately 116 million square meters) across 20 countries.

The company's diverse client base of around 6,700 customers typically falls into two main categories: business-to-business and retail/online fulfillment. This extensive reach not only illustrates Prologis's operational scale but also emphasizes its adaptability to meet varied market needs.

Forward-Looking Statements

It is essential to note that the announcements made by Prologis regarding dividends are classified as forward-looking statements. These statements, which do not reflect historical facts, are based on current expectations and assumptions about the broader market landscape where Prologis operates.

The confidence in these statements arises from thorough analyses, yet uncertainties about future performance abound. These uncertainties may be influenced by numerous factors including but not limited to economic conditions at international, national, and local levels, competitive dynamics, and external regulatory environments. Prologis remains committed to transparency and is obliged to keep shareholders informed regarding any potential risks impacting future performance.

As the logistics industry continues to evolve, Prologis's actions highlight its commitment to staying at the forefront of the market while balancing shareholder interests effectively. In a world increasingly reliant on logistics and supply chain efficiency, the company's future dividends and expansion strategies remain areas to watch closely.

For additional inquiries and information, investors and analysts are encouraged to engage with the resources provided by Prologis and stay tuned for updates regarding market and operational trends moving forward.