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Prologis Inc (PLD)

PLD on New York Consolidated

49.95USD
2 Dec 2016
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$0.00 (+0.00%)
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Latest Key Developments (Source: Significant Developments)

Prologis to establish $1.0 billion unsecured senior term loan facility and cancel bridge loan commitment
Thursday, 14 May 2015 09:00am EDT 

Prologis:Received commitments for a $1.0 billion unsecured senior term loan facility.Says facility will mature in May 2017, assuming the exercise of a one-year extension at Prologis' option.Says as of May 14, the weighted average interest rate would be 1.2%, based on LIBOR plus 100 basis points at the company's current credit rating.Says facility is anticipated to close at the end of May and is subject to customary closing conditions.Says in connection with closing the term facility, Prologis will cancel the commitments to fund its previously announced bridge loan.Term facility will be the company's second significant financing, with a cumulative principal amount of approximately $1.8 billion, since its April 2015 announcement of its definitive agreement to acquire the assets of KTR Capital Partners and its affiliates.  Full Article

Prologis Inc announces closing of 700 mln Euro of guaranteed notes due 2021
Wednesday, 13 May 2015 09:00am EDT 

Prologis Inc:Its operating subsidiary, Prologis LP has closed its previously said offering of 700 mln Euro (about $786 mln) aggregate principal amount of 1.375% notes due May 13, 2021.Notes are senior unsecured obligations of operating partnership and are fully and unconditionally guaranteed by Prologis Inc.  Full Article

Prologis Inc's Prologis, L.P. prices 700 million Euros of guaranteed notes due 2021
Wednesday, 6 May 2015 01:47pm EDT 

Prologis Inc:Says its operating subsidiary Prologis, L.P. (the Operating Partnership) has priced an offering of 700 million Euros aggregate principal amount of notes due May 13, 2021, that have an annual coupon rate of 1.375 pct and were priced at 99.112 pct of the principal amount.The notes will be senior unsecured obligations of the Operating Partnership and will be fully and unconditionally guaranteed by Prologis, Inc.The sale of the notes is expected to close on or about May 13.The Operating Partnership may use a portion of the net proceeds to fund development and acquisitions, including a portion of Prologis, Inc.'s share of the purchase price for the acquisition transaction with KTR Capital Partners and its affiliates.A portion of the net proceeds may also be used for other general corporate purposes, including investment in co-investment ventures and debt repayment.In the short term, the Operating Partnership expects to use a portion of the net proceeds to repay outstanding borrowings under its global line and/or multi-currency senior term loan.Affiliates of J.P. Morgan Securities plc, Merrill Lynch International and Morgan Stanley & Co. International plc and affiliates of certain of the other underwriters are lenders under the multi-currency senior term loan and/or the global line of credit.  Full Article

Prologis Inc declares quarterly dividends
Wednesday, 29 Apr 2015 04:56pm EDT 

Prologis Inc:Declares cash dividend of $0.36 per share on common stock.Payable on June 30 to common stockholders of record date as of June 11.Declares dividend of $1.0675 per share on 8.54 pct Series Q Cumulative Redeemable Preferred Stock.Payable on June 30 to Series Q stockholders of record date as of June 18.  Full Article

Prologis approves 9 pct increase in quarterly common stock dividend
Wednesday, 25 Feb 2015 04:05pm EST 

Prologis Inc:Declares a dividend of $0.36 per share of the company's common stock, an increase of 9 pct.Payable on March 31 to common stockholders of record at the close of business on March 18.Declares a dividend of $1.0675 per share of the company's 8.54 pct Series Q Cumulative Redeemable Preferred Stock.Payable on March 31 to Series Q stockholders of record at the close of business on March 18.  Full Article

Prologis signs agreement to acquire 3.2 million square feet of Class-A logistics facilities
Wednesday, 11 Feb 2015 06:05am EST 

Prologis Inc:Signing of a definitive agreement to acquire a portfolio of Class-A logistics and retail assets from Morris Realty Associates LLC (Morris) for an aggregate price of about $820 million.Upon closing, Prologis will acquire a 100-percent occupied portfolio of 8 Class-A operating and development properties totaling 3.2 million square feet.Also included in the portfolio are 13 retail properties totaling 2.2 million square feet, which will be marketed for sale.  Full Article

Prologis Inc announces sale of 56 acres in Silicon Valley to Facebook Inc
Friday, 6 Feb 2015 04:05pm EST 

Prologis Inc:Announces sale of 21-building, 56-acre industrial park to Facebook Inc.Menlo Science & Technology Park is located on Willow Road between Highway 101 and Dumbarton Bridge in Menlo Park, Calif. Prologis has owned and managed property since 1998.As part of transaction, Prologis will provide ongoing management services on behalf of Facebook.  Full Article

Prologis Inc gives FY 2015 FFO guidance above analysts' estimates
Tuesday, 27 Jan 2015 08:00am EST 

Prologis Inc:Establishes FY 2015 core FFO guidance range of $2.04 to $2.12 per diluted share.Expects to recognize net earnings, for GAAP purposes, of $0.40 to $0.48 per share.FY 2015 FFO per share of $2.02 - Thomson Reuters I/B/E/S.  Full Article

BRIEF-Prologis Q3 EPS $0.52

* Q3 earnings per share view $0.31 -- Thomson Reuters I/B/E/S