Welcome to our dedicated page for Prologis news (Ticker: PLD), a resource for investors and traders seeking the latest updates and insights on Prologis stock.
News about Prologis, Inc. (NYSE: PLD) centers on its role as a logistics-focused real estate investment trust and its related capital markets, operational and strategic activities. The company’s releases provide regular updates on quarterly financial results, leasing performance, capital deployment, dividend declarations and debt offerings through Prologis, L.P. and related entities.
Earnings announcements from Prologis detail metrics such as net earnings per share, core funds from operations, occupancy levels, lease signings and development activity. These releases also discuss guidance ranges for earnings, funds from operations, occupancy and strategic capital revenues, giving investors insight into how the company views its logistics platform and capital deployment pipeline.
Prologis’ news flow also includes information on its balance sheet and financing activities. Recent 8-K filings and press releases describe offerings of euro- and Canadian dollar-denominated notes, the terms of those notes, and the intended use of proceeds for general corporate purposes, including repayment or refinancing of other indebtedness. The company has also announced the planned redemption and delisting of specific bond issues, such as its 3.000% Notes due 2026, with details on redemption pricing and timing.
Dividend announcements are another recurring theme, with the Board of Directors declaring regular cash dividends on Prologis common stock and on particular series of preferred stock. These updates specify per-share amounts and record and payment dates, reflecting the company’s REIT structure and distribution practices.
Beyond financial and capital markets news, Prologis publishes thought leadership content and event coverage. Releases about its GROUNDBREAKERS forum and its Supply Chain Outlook report highlight discussions on energy reliability, AI, regionalization and global supply chain resilience. These pieces show how Prologis engages with broader trends affecting logistics, energy and digital infrastructure.
Investors and observers following PLD news can expect a mix of quarterly results, guidance updates, financing transactions, dividend declarations and insights into how Prologis views the evolving landscape of logistics, energy and technology.
Prologis, Inc. (NYSE: PLD) announced the final results of its exchange offers for Duke Realty Notes, with valid tenders reaching approximately $3.23 billion out of a total $3.375 billion offered. The exchange was contingent upon the successful merger with Duke Realty Corporation, which was completed on October 3, 2022. All required consent conditions were met, with the settlement date for exchanges expected on October 6, 2022.
Prologis has successfully completed its all-stock acquisition of Duke Realty, valued at approximately $23 billion, enhancing its presence in key U.S. markets. This acquisition adds 142 million square feet of operational logistics buildings and over 500 new customers. Prologis aims to leverage its Essentials platform to support these customers and address supply chain challenges. The deal also includes properties in major regions and anticipates further earnings growth and operational synergies.
On September 28, 2022, Prologis and Duke Realty announced the successful approval of their merger by stockholders at special meetings. Over 99% of Prologis voters approved the issuance of stock for the merger, while 99% of Duke Realty shareholders voted in favor of the agreement. Each Duke Realty share will convert to 0.475 shares of Prologis upon merger completion, which is anticipated in early October, conditional on customary closure requirements. This merger aims to enhance Prologis's presence in the logistics real estate sector.
Prologis, Inc. (NYSE: PLD) will hold a webcast and conference call on October 19, 2022, at 9:00 a.m. PT to discuss its third quarter results and market outlook. Investors can participate via a toll-free number or through a live webcast on their website. A replay of the call will be available until November 2. As of June 30, 2022, Prologis owned or had investments in logistics properties totaling approximately 1.0 billion square feet in 19 countries, serving about 5,800 customers.
Prologis, Inc. (NYSE: PLD) reported early results from its exchange offers for Duke Realty Notes, with approximately $3.22 billion tendered by the early expiration date. The exchange offers will expire on October 4, 2022. The company has received the necessary consents to amend the Duke Realty Indentures, contingent upon the merger with Duke Realty Corporation being completed. Amendments to the notes will provide less restrictive terms for holders. Exchange offers aim to allow Duke Realty Notes holders to exchange their notes for Prologis Notes.
Prologis, Inc. (NYSE: PLD), a leader in logistics real estate, announced CFO Tim Arndt's participation at two upcoming conferences in New York City. He will present at the Barclays 2022 Global Financial Services Conference on September 12 at 10:30 a.m. ET and the BofA Securities 2022 Global Real Estate Conference on September 13 at 1:25 p.m. ET. Both presentations will be accessible via live audio webcast on their investor relations website. As of June 30, 2022, Prologis owns or has investments totaling approximately 1.0 billion square feet across 19 countries.
Prologis, Inc. (NYSE: PLD) has declared a regular cash dividend for Q3 2022. A dividend of $0.79 per share will be paid on September 30, 2022, to shareholders of record on September 15, 2022. Additionally, a dividend of $1.0675 per share for the 8.54% Series Q Cumulative Redeemable Preferred Stock will also be disbursed on the same date to Series Q stockholders of record on September 15, 2022. Prologis continues to lead in logistics real estate, owning approximately 1.0 billion square feet across 19 countries.
Prologis, Inc. (PLD) announced the commencement of exchange offers for outstanding notes of Duke Realty Limited Partnership, totaling up to $3.375 billion. The exchange involves nine series of Duke Realty Notes being swapped for corresponding Prologis Notes. Each Prologis Note will have the same terms as the Duke Realty Notes. Holders tendering by September 14, 2022, will receive additional consideration, while those tendering later will not. The completion of these exchanges is contingent on the merger with Duke Realty Corporation, expected in Q4 2022.
Prologis (NYSE: PLD) announced a special meeting for stockholders to vote on the proposed merger with Duke Realty on September 28, 2022, at 9:00 a.m. PT. Stockholders recorded as of August 8, 2022, are eligible to vote. Prologis is a leader in logistics real estate with approx. 1.0 billion square feet of properties across 19 countries, serving around 5,800 customers. Duke Realty operates approximately 167.3 million rentable square feet in major logistics markets. The merger informs strategic growth in the logistics sector.
Prologis (NYSE: PLD) reported Q2 2022 net earnings per diluted share of $0.82, slightly up from $0.81 in Q2 2021. Core FFO per diluted share rose to $1.11 from $1.01 year-over-year. With a 97.6% average occupancy rate, the company commenced leases totaling 51.3 million square feet. Notably, net effective rent increased by 45.6%, driven mainly by the U.S. Prologis maintains strong liquidity with approximately $5.2 billion on hand and revised its 2022 net earnings guidance to $5.15 to $5.25 per diluted share, reflecting a 5.6% increase.
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