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Prologis Declares Quarterly Dividends


Prologis Declares Quarterly Dividends
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SAN FRANCISCO, Feb. 25, 2021 /PRNewswire/ The Board of Directors of Prologis, Inc. (NYSE: PLD) declared a regular cash dividend for the quarter ending March 31, 2021, on the following securities:
A dividend of $0.63 per share of the company s common stock, payable on March 31, 2021, to common stockholders of record at the close of business on March 19, 2021; and
A dividend of $1.0675 per share of the company s 8.54% Series Q Cumulative Redeemable Preferred Stock, payable on March 31, 2021, to Series Q stockholders of record at the close of business on March 19, 2021.
Since the AMB/ProLogis merger in 2011, our exceptional 10-year dividend CAGR of 8.4 percent has grown commensurate with our core earnings, said Thomas S. Olinger, chief financial officer, Prologis. In 2021, we expect to generate $1.1 billion in cash flow after dividends, maintaining a payout ratio in the low-60 pe ....

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Prologis Reports Fourth Quarter and Full Year 2020 Earnings Results


Prologis Reports Fourth Quarter and Full Year 2020 Earnings Results
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SAN FRANCISCO, Jan. 26, 2021 /PRNewswire/  Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, reported results for the fourth quarter of 2020.
Net earnings per diluted share was $0.38 for the quarter and $2.01 for the year compared with $0.61 and $2.46 for the same periods in 2019. The decline in 2020 was due to lower gains on dispositions and higher costs from early extinguishment of debt. 
Core funds from operations (Core FFO) per diluted share was $0.95 for the quarter, compared with $0.84 for the same period in 2019. For the full year 2020, Core FFO per diluted share was $3.80 compared with $3.31 for the same period in 2019. Core FFO for full-year periods 2020 and 2019 included net promote income per diluted share of $0.22 and $0.18, respectively.  ....

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Prologis Inc (PLD) Q4 2020 Earnings Call Transcript


Operator
Welcome to the Prologis Q4 Earnings Conference Call. My name is Amy, and I will be your operator for today s call. [Operator Instructions]
I d now like to turn the call over to Tracy Ward. Tracy, please begin.
Tracy Ward
Senior Vice President, Investor Relations
Thanks, Amy. And good morning everyone. Welcome to our fourth quarter 2020 earnings conference call. The supplemental document is available on our website at prologis.com under Investor Relations. I d like to state that this conference call will contain forward-looking statements under federal securities laws. These statements are based on current expectations, estimates and projections about the market and the industry in which Prologis operates as well as management s beliefs and assumptions. Forward-looking statements are not guarantees of performance and actual operating results may be affected by a variety of factors. ....

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