About the Company
Headquartered in San Francisco, California, Prologis, Inc. (formerly ProLogis Trust) is the global leader in leasing and managing distribution centres. The company’s operations fall under the industry of real estate investment trust that invests in logistic facilities focusing on the consumption side of the supply chain. From November 27, 1997, Prologis, Inc. started publicly trading on New York Stock Exchange (NYSE) under the symbol of ‘‘PLD’’. Prologis, Inc. stocks are a constituent of the S&P 500 index.
Prologis, Inc. operates through two segments. These are Real Estate Operations and Strategic Capital segments. Under the Real Estate Operations segment, the company manages ownership and development of logistics possessions. This segment also incorporates rental revenues, recoveries and expenses obtained from its integrated properties. The Strategic Capital segment handles the management of joint ventures and other unintegrated units. Prologis, Inc. leases warehouse facilities to consumers which include manufacturers, retailers, transportation companies, third-party logistics providers and other business organizations. The company is also involved in energy projects which include renewable energy, energy efficiency, energy storage and clean energy. It has more than 200 megawatts of solar generating capacity in ten countries.
The company’s operations are spread across several countries in Europe, Asia and the Americas. Major US facilities are clustered primarily in six hubs including Atlanta, Dallas, San Francisco, southern California, Chicago and New Jersey. The establishment of Prologis, Inc. dates back to the formation of ABM Property Corporation (Founders-Douglas Abbey, Hamid Moghadam, T.Robert Burke) in 1984 and Security Capital Industry Trust (Founder-William Sanders) in 1991. Security Capital Industry Trust (SCI) changed its brand name to the ProLogis Trust in 1998, which continued to be known as simply ProLogis. As a whole Prologis, Inc. formed when ABM Property Corporation (Founders-Douglas Abbey, Hamid Moghadam, T.Robert Burke) merged with ProLogis in 2011. The company was incorporated in 1991 as Security Capital Industry Trust. As of 2019, it has an employee base of more than 1700.
The company’s growth is characterized by a number of key acquisitions. In 2015, Prologis bought the real estate assets and operating platform of KTR Capital Partners (KTR) and its affiliates for $5.9 billion. In 2018, it acquired all-stocks of DCT Industrial Trust for $8.5 billion. In 2020, the company acquired Industry Property Trust for $4 billion and Liberty Property Trust (including all-stocks) for $13 billion. The acquisition of Liberty Property Trust marks the largest acquisition in the history of Prologis.
In 2020, Prologis bagged a number of awards and recognition. Prologis won the National Association of Real Estate Investment Trusts (NAREIT) award of the Industrial Leader in the Light for the 9th consecutive year. On the Forbes Global 2000 2020 list, the company ranked 568th. Prologis stands 727th on the list of Fortune 500 companies.;
Organisation | Prologis Inc |
Industry | REIT—Industrial |
HeadQuarters | San Francisco, CA |