Profile: Prologis Inc (PLD)
27 Oct 2016
Prologis, Inc., incorporated on November 24, 1997, is engaged in logistics real estate business, focused on markets across the Americas, Europe and Asia. The Company owns or has investments in, on a basis or through co-investment ventures, properties and development projects in over 20 countries. The Company's operating segments include Real Estate Operations and Strategic Capital. The Company leases distribution facilities to over 5,200 customers across two categories, which include business-to-business and retail/online fulfillment. For business-to-business enterprises, its buildings serve a range of sectors, including automotive, transportation, pharmaceuticals and general consumer goods. In the area of retail/online fulfillment, its logistics facilities foster the seamless flow of goods around the world. The Company's customer base represents a spectrum of international, national, regional and local distribution users.
Real Estate Operations
The Company's Real Estate Operations segment consists of Rental Operations and Capital Deployment. The Company collects rents from its customers through operating leases, including reimbursements for its operating costs. The Capital deployment includes the development, re-development and acquisition activities that lead to rental operations. It develops, redevelops and acquires industrial properties primarily in global and regional markets for its customers. The Company capitalizes on its land bank, the development expertise of its local teams, global customer relationships and distribution facilities. The Company develops properties for long-term hold, for contribution to its co-investment ventures and, occasionally, for sale to third parties. The Company has over 4,600 customers occupying approximately 338.3 million square feet of distribution space in the Real Estate Operations segment. On an owned and managed basis, it has over 5,200 customers occupying approximately 614.7 million square feet of distribution space.
The Company's Strategic Capital segment represents the management of unconsolidated co-investment ventures. It invests with partners and investors through its ventures, both private and public. The Company tailors industrial portfolios to investors' specific needs, with a focus on long-term ventures and open-ended funds. It also accesses alternative sources of equity through publicly traded vehicles, such as Nippon Prologis REIT, Inc. (NPR) and FIBRA Prologis. These private and public vehicles provide capital for distinct geographies across its global platform. The Company holds ownership interest in these ventures, aligning its interests with those of its partners. The Company generates strategic capital revenues from its unconsolidated ventures through asset management and property management services and also includes leasing, acquisition, construction, development, financing and disposition services.
PIER 1 BAY 1
SAN FRANCISCO CA 94111