SAN FRANCISCO, May 2, 2018 /PRNewswire/ -- The Board of
Directors of Prologis, Inc. (NYSE: PLD), declared a regular cash
dividend for the quarter ending June 30,
2018 on the following securities:
- A dividend of $0.48 per share of
the company's common stock, payable on June
29, 2018, to common stockholders of record at the close of
business on June 14, 2018; and
- A dividend of $1.0675 per share
of the company's 8.54% Series Q Cumulative Redeemable Preferred
Stock, payable on July 2, 2018, to
Series Q stockholders of record at the close of business on
June 19, 2018.
Annual Meeting Results
The following proposals were approved at the company's 2018
annual stockholder meeting: the election of all nominated 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 2017; and the ratification of the
appointment of KPMG LLP as the company's independent registered
public accounting firm for the year 2018.
Our stockholders elected Hamid R.
Moghadam (chairman), Cristina G.
Bita, George L. Fotiades,
Lydia H. Kennard, J. Michael Losh, Irving F.
Lyons III, David P. O'Connor,
Olivier Piani, 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, 2018, 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 683 million square feet (63 million
square meters) in 19 countries. Prologis leases modern distribution
facilities to a diverse base of approximately 5,000 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,"
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,
development activity, contribution and 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 and political
climates; (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; (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; 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 except as may be required by law.
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SOURCE Prologis, Inc.