Prologis Board of Directors Approves 5 Percent Increase in Quarterly Common Stock Dividend

Rhea-AI Summary

Prologis (NYSE: PLD) has announced a 5% increase in its annualized dividend to $4.04 per share of common stock. The company's Board of Directors has declared a quarterly cash dividend of $1.01 per share for common stockholders, payable on March 31, 2025, to shareholders of record as of March 18, 2025.

Additionally, holders of the company's 8.54% Series Q Cumulative Redeemable Preferred Stock will receive a dividend of $1.0675 per share, also payable on March 31, 2025, to stockholders of record as of March 18, 2025.

Positive

• 5% increase in annualized dividend demonstrates company's financial strength
• New annualized dividend of $4.04 per share provides enhanced shareholder returns
• Consistent dividend payment schedule maintains investor confidence

Negative

• None.

Insights

Financial Analyst

The 5% dividend increase reflects Prologis's robust operational performance and strong market position in the industrial real estate sector. The new annualized dividend of $4.04 per share demonstrates management's confidence in sustainable cash flow generation from their premium logistics portfolio, particularly important given the essential nature of their facilities in global supply chains.

This raise is strategically aligned with both inflation management and shareholder value creation. For REITs, consistent dividend growth serves as a critical indicator of financial health and operational stability. The 5% increase notably exceeds the current inflation rate, providing real income growth for investors while maintaining conservative payout ratios that ensure long-term sustainability.

The parallel maintenance of the Series Q preferred dividend at $1.0675 quarterly showcases balanced capital allocation, ensuring both common and preferred shareholders benefit from the company's strong operating performance. This structured approach to dividend policy, combined with Prologis's market-leading position in industrial real estate, reinforces their commitment to predictable, growing income streams for investors.

SAN FRANCISCO, Feb. 20, 2025 /PRNewswire/ -- The Board of Directors of Prologis, Inc. (NYSE: PLD) today approved a plan to raise the company's annualized dividend by 5% to $4.04 per share of common stock.

The board declared a regular cash dividend for the quarter ending March 31, 2025, on the following securities:

• A dividend of $1.01 per share of the company's common stock, payable on March 31, 2025, to common stockholders of record at the close of business on March 18, 2025; and
• A dividend of $1.0675 per share of the company's 8.54% Series Q Cumulative Redeemable Preferred Stock, payable on March 31, 2025, to Series Q stockholders of record at the close of business on March 18, 2025.

About Prologis
The world runs on logistics. At Prologis, we don't just lead the industry, we define it. We create the intelligent infrastructure that powers global commerce, seamlessly connecting the digital and physical worlds. From agile supply chains to clean energy solutions, our ecosystems help your business move faster, operate smarter and grow sustainably. With unmatched scale, innovation and expertise, Prologis is a category of one–not just shaping the future of logistics but building what comes next. Learn more at Prologis.com.

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, acquisition and development activity, contribution and disposition activity, general conditions in the geographic areas where we operate, expectations regarding new lines of business, our debt, capital structure and financial position, our ability to earn revenues from co-investment ventures, 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) international, national, regional and local economic and political climates and conditions; (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, including the integration of the operations of significant real estate portfolios; (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; (x) risks related to global pandemics; and (xi) 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.

FAQ

What is Prologis's new quarterly dividend amount for 2025?

Prologis's new quarterly dividend is $1.01 per share of common stock, reflecting a 5% increase.

When will PLD pay its next dividend in 2025?

Prologis will pay its next dividend on March 31, 2025, to stockholders of record as of March 18, 2025.

What is Prologis's new annualized dividend rate for 2025?

Prologis's new annualized dividend rate is $4.04 per share of common stock.

What dividend will PLD Series Q preferred stockholders receive?

Series Q preferred stockholders will receive a dividend of $1.0675 per share, payable on March 31, 2025.

What is the percentage increase in PLD's dividend for 2025?

Prologis has increased its dividend by 5% for 2025.