ProLogis is an industrial REIT (Real Estate Investment Trust) specializing in operation and management of distribution space around the globe. ProLogis also offers mixed-use and retail space in North America through Catellus, a ProLogis company.
In addition to leasing, property management, and development management, ProLogis also conducts investment management as a strategic partner to real estate investment companies.
Yes, ProLogis went public in 1994 and is currently traded on the New York Stock Exchange under the symbol PLD The company operates as a Real Estate Investment Trust (REIT) for federal tax purposes and pays regular quarterly distributions to its shareholders. For up-to-the-minute stock information, please visit the Stock Information section of our Investor Relations website.
A REIT is a corporation or business trust that combines the capital of many investors to acquire or provide financing for all forms of income-producing real estate. REITs are required to pay 90 percent of taxable income to shareholders each year. For financial and investor relations related questions, please see Investor Relations.
Headquartered in Denver, Colorado USA, ProLogis is a global company, operating in countries on three continents. Our leasing, property management and development management all operate on a local basis.
There are approximately ProLogis associates around the globe.
ProLogis has created property funds in partnership with institutional capital sources throughout the world. These funds acquire ProLogis' newly developed, stabilized facilities as well as third-party assets in key global logistics hubs, allowing the company to regularly redeploy development capital into new projects.
Additionally, by continuing to manage properties for each fund under long-term agreements, ProLogis recognizes fees as well as its proportionate share of each fund's earnings, resulting in a more diversified income stream and attractive returns on invested capital.
Today, the company operates 15 property funds in North America, Asia and Europe, which combined own industrial property with an aggregate value of over $19 billion.
As an integral part of its commitment to sustainability, ProLogis actively promotes social responsibility on the community level for all of its associates. See also the Community Involvement section of our website for more information.
