Prologis

Prologis, Inc. (NYSE: PLD) is the global leader in logistics real estate, operating through a self-administered and self-managed real estate investment trust structure. The company's website is www.prologis.com. Prologis owns, manages, and develops high-quality logistics facilities strategically located in high-barrier, high-growth markets across 20 countries on four continents, serving as the foundation for comprehensive infrastructure solutions that optimize how customers operate within modern supply chains.

The company operates through two reportable segments: Real Estate, which comprises rental operations and development activities and contributes approximately 90 to 95 percent of consolidated revenues and earnings, and Strategic Capital, which generates approximately 5 to 10 percent of revenues through management of co-investment ventures and contributes durable long-term cash flows. The Real Estate segment generates substantially all consolidated rental revenue, net operating income, and cash flows from rental operations in the United States, while the Strategic Capital segment generates the majority of its revenues outside the U.S.

Prologis maintains a portfolio of approximately 1.3 billion square feet across its owned and managed properties. The company serves more than 6,500 customers occupying 1.3 billion square feet in its owned and managed portfolio, with a diversified customer base representing international, national, regional, and local logistics users. Amazon represents the largest customer, accounting for 5.3 percent of net effective rent in the owned and managed portfolio.

The company employs 2,802 people globally, with 1,649 based in the United States and the remainder distributed across other Americas, Europe, and Asia. Prologis partners with many of the world's largest institutional investors through co-investment ventures, holding significant ownership interests ranging from 15 to 55 percent. The company's strategic advantages include its portfolio of strategically located properties near major labor pools and transportation infrastructure, including its proprietary Last Touch facilities, development capabilities, energy solutions platform through Prologis Essentials, and a strong balance sheet with significant liquidity and borrowing capacity.