Prologis Inc
For the period ended Dec 31, 2023. Filed Feb 13, 2024.
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FY2023 · Filed Feb 13, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Table of Contents
| Item | Description | Page |
|---|---|---|
| PART I | ||
| 1. | Business | 3 |
| The Company | 3 | |
| Operating Segments | 5 | |
| Future Growth | 6 | |
| Code of Ethics and Business Conduct | 11 | |
| Environmental, Social and Governance | 11 | |
| Environmental Matters | 13 | |
| Governmental Matters | 13 | |
| Insurance Coverage | 13 | |
| 1A. | Risk Factors | 13 |
| 1B. | Unresolved Staff Comments | 22 |
| 1C. | Cybersecurity | 22 |
| 2. | Properties | 23 |
| Geographic Distribution | 23 | |
| Lease Expirations | 26 | |
| Co-Investment Ventures | 27 | |
| 3. | Legal Proceedings | 27 |
| 4. | Mine Safety Disclosures | 27 |
| PART II | ||
| 5. | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | 27 |
| Market Information and Holders | 27 | |
| Preferred Stock Dividends | 28 | |
| Sales of Unregistered Securities | 28 | |
| Purchases of Equity Securities | 28 | |
| Securities Authorized for Issuance Under Equity Compensation Plans | 28 | |
| Other Stockholder Matters | 29 | |
| 6. | [Reserved] | 29 |
| 7. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 29 |
| Management’s Overview | 29 | |
| Results of Operations | 30 | |
| Environmental Matters | 39 | |
| Liquidity and Capital Resources | 39 | |
| Critical Accounting Policies | 43 | |
| New Accounting Pronouncements | 44 | |
| Funds from Operations Attributable to Common Stockholders/Unitholders | 44 | |
| 7A. | Quantitative and Qualitative Disclosures About Market Risk | 46 |
| 8. | Financial Statements and Supplementary Data | 47 |
| 9. | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure | 47 |
| 9A. | Controls and Procedures | 47 |
| 9B. | Other Information | 49 |
| 9C. | Disclosure Regarding Foreign Jurisdictions that Prevent Inspections | 49 |
| PART III | ||
| 10. | Directors, Executive Officers and Corporate Governance | 49 |
| 11. | Executive Compensation | 49 |
| 12. | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters | 49 |
| 13. | Certain Relationships and Related Transactions, and Director Independence | 49 |
| 14. | Principal Accounting Fees and Services | 49 |
| PART IV | ||
| 15. | Exhibits, Financial Statements and Schedules | 49 |
The statements in this report that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which we operate as well as management’s beliefs and assumptions. Such statements involve uncertainties that could significantly impact our financial results. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” "aims," and “estimates” including variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future — including statements relating to rent and occupancy growth, acquisition and development activity, contribution and disposition activity, general conditions in the geographic areas where we operate, our debt, capital structure and financial position, our ability to earn revenues from co-investment ventures, form new co-investment ventures and the availability of capital in existing or new co-investment ventures — are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained, and therefore actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) international, national, regional and local economic and political climates and conditions; (ii) changes in global financial markets, interest rates and foreign currency exchange rates; (iii) increased or unanticipated competition for our properties; (iv) risks associated with acquisitions, dispositions and development of properties, including the integration of the operations of significant real estate portfolios; (v) maintenance of Real Estate Investment Trust (“REIT”) status, tax structuring and changes in income tax laws and rates; (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings; (vii) risks related to our investments in and management of our co-investment ventures, including our ability to establish new co-investment ventures; (viii) risks of doing business internationally, including currency risks; (ix) environmental uncertainties, including risks of natural disasters; (x) risks related to global pandemics; and (xi) those additional factors discussed under Part I, Item 1A. Risk Factors in this report. We undertake no duty to update any forward-looking statements appearing in this report except as may be required by law.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.