SAN FRANCISCO, April 29, 2015 /PRNewswire/ -- The Board of
Directors of Prologis, Inc. (NYSE: PLD), today declared a regular
cash dividend for the quarter ending June
30, 2015, on the following securities:
- A dividend of $0.36 per share of
the company's common stock, payable June 30,
2015, to common stockholders of record at the close of
business on June 11, 2015; and
- A dividend of $1.0675 per share
on the company's 8.54% Series Q Cumulative Redeemable Preferred
Stock, payable June 30, 2015, to
Series Q stockholders of record at the close of business on
June 18, 2015.
Annual Meeting Results
Three proposals were approved at the company's 2015 annual
stockholder meeting:
- 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
2014; and
- the ratification of the appointment of KPMG LLP as the
company's independent registered public accounting firm for the
year 2015.
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
industrial real estate. As of March 31,
2015, Prologis owned or had investments in, on a wholly
owned basis or through co-investment ventures, properties and
development projects expected to total approximately 594 million
square feet (55 million square meters) in 21 countries. The company
leases modern distribution facilities to more than 4,700 customers,
including third-party logistics providers, transportation
companies, retailers and manufacturers.
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 Prologis operates, management's beliefs and
assumptions made by management. Such statements involve
uncertainties that could significantly impact Prologis' financial
results. Words such as "expects," "anticipates," "intends,"
"plans," "believes," "seeks," "estimates," 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 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 ("REIT") status and tax structuring, (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 and funds, 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 Prologis under
the heading "Risk Factors." Prologis undertakes no duty to update
any forward-looking statements appearing in this document.
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SOURCE Prologis, Inc.