Core Viewpoint - Prologis, Inc. has announced the tax treatment of its 2025 distributions for both common and preferred stock, detailing the amounts and classifications of dividends as per IRS regulations [1][4][5]. Summary by Category Tax Treatment of Common Dividends - Prologis will distribute a total of $1.01 per share in cash for each of the four quarters in 2025, with specific allocations for ordinary income, qualified dividends, and capital gains [4]. - The breakdown for each quarter is as follows: - Q1: $1.01 total, with $0.919326 as ordinary income and $0.074260 as long-term capital gain [4]. - Q2: $1.01 total, with $0.897470 as ordinary income and $0.085983 as long-term capital gain [4]. - Q3: $1.01 total, with the same distribution as Q2 [4]. - Q4: $1.01 total, with the same distribution as Q2 [4]. Tax Treatment of Preferred Dividends - Prologis will distribute a total of $1.0675 per share in cash for each of the four quarters in 2025, with similar classifications for ordinary income and capital gains [5]. - The breakdown for each quarter is as follows: - Q1: $1.0675 total, with $1.005297 as ordinary income and $0.060450 as long-term capital gain [5]. - Q2: $1.0675 total, with $0.948563 as ordinary income and $0.090878 as long-term capital gain [5]. - Q3: $1.0675 total, with the same distribution as Q2 [5]. - Q4: $1.0675 total, with the same distribution as Q2 [5]. Additional Information - Shareholders will receive IRS Form 1099-DIV for tax reporting purposes, with specific instructions for those holding shares in "street name" [2]. - Prologis advises consultation with a tax advisor for understanding the federal, state, and local tax implications of these distributions [3].

Core Insights - Prologis demonstrated resilient performance in a volatile environment, with strong operational execution and a high leasing pipeline [1][2] - The company reported a decrease in net earnings per diluted share by 33.7% to $0.61, attributed to lower gains and unrealized foreign exchange impacts, while Core FFO per diluted share increased by 9.0% to $1.46 [5][11] - Prologis has revised its 2025 guidance for net earnings and Core FFO, reflecting confidence in business strength despite the decrease in net earnings [4][33] Operating Performance - Average occupancy for Prologis was 94.9% with a period-end occupancy of 95.1% [2] - The company commenced leases totaling 51.2 million square feet, with a retention rate of 74.9% [2] - Cash Same Store NOI increased by 4.9%, while net effective rent change was reported at 53.4% [2] Deployment Activity - Prologis made acquisitions totaling $335 million and development starts of $846 million, with estimated weighted average yields of 6.3% and 6.9% respectively [2] - Estimated value creation from development stabilizations was $64 million, while total dispositions and contributions amounted to $96 million [2] Balance Sheet Strength & Liquidity - The company issued $5.8 billion in debt at a weighted average interest rate of 4.5% and a term of 5.4 years [3] - Total available liquidity was approximately $7.1 billion, with a debt-to-EBITDA ratio of 5.1x [6] Financial Guidance - Revised guidance for net earnings per diluted share is set between $3.00 and $3.15, while Core FFO is expected to be between $5.75 and $5.80 [4][33] - Average occupancy guidance was adjusted to 94.75% to 95.25%, with Cash Same Store NOI guidance revised to 4.25% to 4.75% [4] Revenue and Earnings - Total revenues for the quarter reached $2.184 billion, up from $2.008 billion in the previous year [11] - Net earnings attributable to common stockholders decreased to $570 million from $860 million year-over-year [11][14]

Company Overview - Prologis, Inc. is a leader in the logistics industry, creating intelligent infrastructure that powers global commerce and connects digital and physical worlds [3]. - The company focuses on agile supply chains and clean energy solutions, aiming to help businesses operate faster, smarter, and sustainably [3]. Upcoming Events - Prologis will host a webcast and conference call on July 16, 2025, at 9:00 a.m. PT/12:00 p.m. ET to discuss its second quarter results, current market conditions, and future outlook [1]. - Access to the live broadcast can be obtained via a toll-free number for the U.S. and Canada, or through a separate number for other countries [2]. Replay Information - A telephonic replay of the conference call will be available from July 16 to July 30, with specific access codes provided for participants [3]. - The webcast replay will also be accessible in the Investor Relations section of the Prologis website [3].