

Duke Realty Corporation (“Duke Realty”) owns and operates approximately 167 million rentable square feet of industrial assets in 19 major logistics markets. Duke Realty is publicly traded on the NYSE under the symbol DRE and is a member of the S&P 500 Index.
In June 2022, Duke Realty announced that it was being acquired by Prologis, Inc. (“Prologis”), the global leader in logistics real estate. The transaction closed on October 3, 2022 and Duke Realty is now part of Prologis.
Please note, following the successful completion of the transaction, the Duke Realty website is no longer available.
Please contact Prologis’ (NYSE: PLD) exchange agent, Computershare Trust Company, N.A, at 1-800-331-9474.
Each share of Duke Realty common stock that was issued and outstanding immediately prior to the effective time of the merger was automatically converted into the right to receive 0.475 shares of Prologis common stock (the "merger consideration"), together with cash in lieu of fractional shares, without interest, upon the terms and subject to the conditions set forth in the merger agreement.
The company merger is intended to qualify as a reorganization within the meaning of Section 368(a) of the Code. Assuming that the company merger qualifies as a reorganization, United States holders of shares of Duke Realty common stock generally will not recognize gain or loss for United States federal income tax purposes upon the receipt of Prologis common stock in exchange for shares of Duke Realty common stock in connection with the company merger, except with respect to cash received in lieu of fractional shares of Prologis common stock.
Holders of Duke Realty common stock should consult their tax advisors to determine the tax consequences to them (including the application and effect of any state, local or non-United States income and other tax laws) of the company merger and the ownership and disposition of shares of the Combined Company common stock.
Yes. As a result of the merger, each share of Duke Realty common stock that was issued and outstanding immediately prior to the effective time of the merger was automatically converted into the right to receive the merger consideration of 0.475 shares of Prologis common stock, together with cash in lieu of fractional shares, without interest, upon the terms and subject to the conditions set forth in the merger agreement.
The Duke Realty shares were delisted from the NYSE and are no longer trading.
Yes. Duke Realty’s quarterly cash distribution on common stock of $0.28 per share, or $1.12 per share on an annualized basis, was paid on September 30, 2022, to shareholders of record at the close of business on September 15, 2022. Upon closing of the transaction on October 3, 2022, common stockholders of record will receive any future dividends declared on their newly issued Prologis common stock.
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