INVESTING IN PEOPLE AND INNOVATION
Shareholder letter from Co-Founder, CEO and Chairman Hamid R. Moghadam
“When my partners and I started in this business more than four decades ago, the logistics industry was highly transactional, driven primarily by merchant builders who moved from one project to the next and landlords who had little interest in building enduring customer relationships. We had a different vision…”
A Committed Partner for Resilient Communities
We partner with local leaders and organizations to create job training programs; promote health and safety; and enhance recreational and transit infrastructure. These efforts, together with our employees’ community engagement activities, support a more stable business environment for our customers, and support social wellness in the communities we serve.
174
Months of Rent-Free Space
$2.4M+
In-kind Rent Donated
14,557
Hours Volunteered
Leading for the future
As we work alongside our customers, communities, shareholders, and employees, we are excited and energized by the limitless possibilities for innovation and growth.
2.8%
of the World's GDP passes through Prologis buildings
1.1M
People employed under a Prologis roof
14%
Annual growth since 2019
ASSETS UNDER MANAGEMENT
(in billions)
DEVELOPMENT VALUE CREATION1
(in millions)
CORE FFO
(per diluted share)
DIVIDENDS PER COMMON SHARE
NET INCOME
(in billions)
REVENUE SUMMARY
(in billions)
Please see Prologis’ Annual Report on Form 10-K for the year ended December 31, 2022, and our Q4’22 earnings supplemental for additional detail regarding the financial information presented in this annual report and definitions and reconciliations of non-GAAP measurements, such as Core FFO.
1. Prologis’ share of estimated value creation from development stabilizations
2022 Prologis Executive Leadership
Board of Directors
Avid Modjtabai
Former Senior Executive Vice President, Payments, Virtual Solutions and Innovation, Wells Fargo
