Prologis, Inc. (NYSE: PLD)

Prologis, Inc. is a self administered and self managed real estate investment trust that owns manages and develops high quality logistics facilities worldwide.

The company generates revenue primarily from rental income collected from tenants under operating leases and from fees earned for managing properties and providing development and asset management services to its joint venture partners.

The company operates through the following segments: Real Estate and Strategic Capital.

• Real Estate segment includes rental operations and development activities. It earns rent from tenants leasing logistics space and generates income from developing new properties including logistics facilities and data centers that are leased to customers or contributed to joint ventures.

• Strategic Capital segment provides asset management property management leasing acquisition construction management and disposition services to unconsolidated joint ventures and earns fees including promote income based on the performance of those ventures.

Prologis, Inc. holds a leading position in the global logistics real estate market with a presence in twenty countries across four continents. Its competitive advantages include a large scale portfolio of approximately 1.3 billion square feet strategic locations near major consumer markets a diversified tenant base and a platform of services under the Prologis Essentials brand that addresses operational energy and sustainability needs. The company also benefits from a strong balance sheet low leverage and access to capital through its joint venture partnerships.

The company serves a diverse base of more than four thousand customers ranging from multinational corporations to regional and local logistics providers. Its top tenants include Amazon Home Depot FedEx UPS DHL Walmart and other major retailers and logistics firms that occupy significant portions of its leased space.