SAN FRANCISCO, May 4, 2016 /PRNewswire/ -- The Board of
Directors of Prologis, Inc. (NYSE: PLD), declared a regular cash
dividend for the quarter ending June 30,
2016 on the following securities:
- A dividend of $0.42 per share of
the company's common stock, which will be payable on June 30, 2016 to common stockholders of record at
the close of business on June 13,
2016; and
- A dividend of $1.0675 per share
on the company's 8.54% Series Q Cumulative Redeemable Preferred
Stock, which will be payable on June 30,
2016 to Series Q stockholders of record at the close of
business on June 17, 2016.
Annual Meeting Results
At the company's 2016 annual stockholder meeting, three
proposals were approved: the election of directors to serve until
the next annual meeting and until their successors are duly elected
and qualified; the advisory vote for the company's executive
compensation for 2015; and the ratification of the appointment of
KPMG LLP as the company's independent registered public accounting
firm for the year 2016.
The stockholders of Prologis, Inc. elected Hamid R. Moghadam (chairman), George L. Fotiades, Christine N. Garvey, Lydia H. Kennard, J.
Michael Losh, Irving F. Lyons
III, David P. O'Connor,
Jeffrey L. Skelton, Carl B. Webb and William
D. Zollars as directors of the company.
About Prologis
Prologis, Inc., is the global leader in logistics real estate
with a focus on high-barrier, high-growth markets. As of
March 31, 2016, the company owned or
had investments in, on a wholly owned basis or through
co-investment ventures, properties and development projects
expected to total approximately 667 million square feet (62 million
square meters) in 20 countries. Prologis leases modern distribution
facilities to a diverse base of approximately 5,200 customers
across two major categories: business-to-business
and retail/online fulfillment.
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," "estimates" and 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 properties, disposition activity, general conditions in
the geographic areas where we operate, our debt, capital structure
and financial position, our ability to 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) 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, dispositions and development of
properties, (v) maintenance of real estate investment trust status,
tax structuring and income tax 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 and funds, (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.
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SOURCE Prologis, Inc.