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Prologis Announces Tax Treatment of 2012 Distributions

            Prologis Announces Tax Treatment of 2012 Distributions

PR Newswire

SAN FRANCISCO, Jan. 28, 2013

SAN FRANCISCO, Jan. 28, 2013 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the
leading global owner, operator and developer of industrial real estate, today
announced the tax treatment of its 2012 distributions. Exhibits A and B
reflect the tax treatment of distributions on Prologis, Inc. common and
preferred stock, respectively.

If you held shares of common or preferred stock of Prologis, Inc. in your name
at any time during 2012, an IRS Form 1099-DIV will be provided to you by
Computershare, Prologis, Inc.'s transfer agent. If you held shares in "street
name" during 2012, the IRS form provided by your bank, brokerage firm or
nominee may report only the gross distributions paid to you. Therefore, you
may need the information included herein to properly complete your federal tax
return.

This information has been prepared using the best available information to
date. Prologis, Inc.'s federal income tax return for the year ended December
31, 2012 has not yet been filed. Please note that federal tax laws affect
taxpayers differently, and we cannot advise you on how distributions should be
reported on your federal income tax return. Please also note that state and
local taxation of REIT distributions vary and may not be the same as the
federal rules. Prologis, Inc. thus urges you to consult with your own tax
advisor with respect to the federal, state and local income tax consequences
of these distributions.

About Prologis
Prologis, Inc. is the leading owner, operator and developer of industrial real
estate, focused on global and regional markets across the Americas, Europe and
Asia. As of September 30, 2012, Prologis owned or had investments in, on a
consolidated basis or through unconsolidated joint ventures, properties and
development projects expected to total approximately 565 million square feet
(52.5 million square meters) in 21 countries. The company leases modern
distribution facilities to more than 4,500 customers, including manufacturers,
retailers, transportation companies, third-party logistics providers and other
enterprises.

January 28, 2013
Exhibit A
Tax Treatment of 2012 Common Distributions
Prologis, Inc.
Common Stock
CUSIP # 74340W103
Ticker Symbol:
PLD
                                 Ordinary Qualified Long-Term
                    Cash        Taxable   Taxable    Capital    Unrecaptured
Record   Payable  Distribution Dividend  Dividend   Gain       Section 1250
Dates     Dates     ($ per       ($ per               ($ per     Gain ($ per
                    share)       share)    ($ per     share)     share) ^ (1)
                                           share)
3/12/12   3/30/12   0.280000     0.094580  0.049028   0.035602   0.100790
6/11/12   6/29/12   0.280000     0.094580  0.049028   0.035602   0.100790
9/14/12   9/28/12   0.280000     0.094580  0.049028   0.035602   0.100790
12/17/12  12/28/12  0.280000     0.094580  0.049028   0.035602   0.100790
(1) Corporate shareholders may be subject to §IRC 291(a) reduction in
certain corporate preference items.

January 28, 2013
Exhibit B
Tax Treatment of 2012 Preferred Distributions
Prologis, Inc.
Series Q Cumulative Redeemable Preferred
Stock
CUSIP # 74340W202
Ticker Symbol: PLD/PQ
                    Cash        Ordinary Qualified Long-Term Unrecaptured
Record    Payable Distribution Taxable   Taxable    Capital    Section 1250
Dates      Dates    ($ per       Dividend  Dividend   Gain       Gain ($ per
                    share)       ($ per    ($ per     ($ per     share) ^ (1)
                                 share)    share)     share)
3/19/12    4/2/12   1.067500     0.360585  0.186918   0.135734   0.384263
6/18/12    7/2/12   1.067500     0.360585  0.186918   0.135734   0.384263
9/18/12    10/1/12  1.067500     0.360585  0.186918   0.135734   0.384263
12/19/12   12/31/12 1.067500     0.360585  0.186918   0.135734   0.384263
Prologis, Inc.
Series R Cumulative Redeemable Preferred
Stock
CUSIP # 74340W301
Ticker Symbol: PLD/PR 
                    Cash        Ordinary Qualified Long-Term Unrecaptured
Record    Payable Distribution Taxable   Taxable    Capital    Section 1250
Dates      Dates    ($ per       Dividend  Dividend   Gain       Gain ($ per
                    share)       ($ per    ($ per     ($ per     share) ^ (1)
                                 share)    share)     share)
3/19/12    4/2/12   0.421875     0.142503  0.073870   0.053642   0.151860
6/18/12    7/2/12   0.421875     0.142503  0.073870   0.053642   0.151860
9/18/12    10/1/12  0.421875     0.142503  0.073870   0.053642   0.151860
12/19/12   12/31/12 0.421875     0.142503  0.073870   0.053642   0.151860
Prologis, Inc.
Series S Cumulative Redeemable Preferred
Stock
CUSIP # 74340W400
Ticker Symbol: PLD/PS 
                    Cash        Ordinary Qualified Long-Term Unrecaptured
Record    Payable Distribution Taxable   Taxable    Capital    Section 1250
Dates      Dates    ($ per       Dividend  Dividend   Gain       Gain ($ per
                    share)       ($ per    ($ per     ($ per     share) ^ (1)
                                 share)    share)     share)
3/19/12    4/2/12   0.421875     0.142503  0.073870   0.053642   0.151860
6/18/12    7/2/12   0.421875     0.142503  0.073870   0.053642   0.151860
9/18/12    10/1/12  0.421875     0.142503  0.073870   0.053642   0.151860
12/19/12   12/31/12 0.421875     0.142503  0.073870   0.053642   0.151860
Prologis, Inc.
Series L Cumulative Redeemable Preferred
Stock
CUSIP # 74340W50
Ticker Symbol: PLD/PL
                    Cash        Ordinary Qualified Long-Term Unrecaptured
Record    Payable Distribution Taxable   Taxable    Capital    Section 1250
Dates      Dates    ($ per       Dividend  Dividend   Gain       Gain ($ per
                    share)       ($ per    ($ per     ($ per     share) ^ (1)
                                 share)    share)     share)
3/19/12    4/16/12  0.406250     0.137225  0.071134   0.051655   0.146236
6/18/12    7/16/12  0.406250     0.137225  0.071134   0.051655   0.146236
9/18/12    10/15/12 0.406250     0.137225  0.071134   0.051655   0.146236
12/19/12   1/15/13  0.406250     0.137225  0.071134   0.051655   0.146236
Prologis, Inc.
Series M Cumulative Redeemable Preferred
Stock
CUSIP # 74340W608
Ticker Symbol: PLD/PM 
                    Cash        Ordinary Qualified Long-Term Unrecaptured
Record    Payable Distribution Taxable   Taxable    Capital    Section 1250
Dates      Dates    ($ per       Dividend  Dividend   Gain       Gain ($ per
                    share)       ($ per    ($ per     ($ per     share) ^ (1)
                                 share)    share)     share)
3/19/12    4/16/12  0.421875     0.142503  0.073870   0.053642   0.151860
6/18/12    7/16/12  0.421875     0.142503  0.073870   0.053642   0.151860
9/18/12    10/15/12 0.421875     0.142503  0.073870   0.053642   0.151860
12/19/12   1/15/13  0.421875     0.142503  0.073870   0.053642   0.151860
Prologis, Inc.
Series O Cumulative Redeemable Preferred
Stock
CUSIP # 74340W707
Ticker Symbol: PLD/PO
                    Cash        Ordinary Qualified Long-Term Unrecaptured
Record    Payable Distribution Taxable   Taxable    Capital    Section 1250
Dates      Dates    ($ per       Dividend  Dividend   Gain       Gain ($ per
                    share)       ($ per    ($ per     ($ per     share) ^ (1)
                                 share)    share)     share)
3/19/12    4/16/12  0.437500     0.147781  0.076606   0.055629   0.157484
6/18/12    7/16/12  0.437500     0.147781  0.076606   0.055629   0.157484
9/18/12    10/15/12 0.437500     0.147781  0.076606   0.055629   0.157484
12/19/12   1/15/13  0.437500     0.147781  0.076606   0.055629   0.157484
Prologis, Inc.
Series P Cumulative Redeemable Preferred
Stock
CUSIP # 74340W806
Ticker Symbol: PLD/PP
                    Cash        Ordinary Qualified Long-Term Unrecaptured
Record    Payable Distribution Taxable   Taxable    Capital    Section 1250
Dates      Dates    ($ per       Dividend  Dividend   Gain       Gain ($ per
                    share)       ($ per    ($ per     ($ per     share) ^ (1)
                                 share)    share)     share)
3/19/12    4/16/12  0.428125     0.144614  0.074964   0.054437   0.154110
6/18/12    7/16/12  0.428125     0.144614  0.074964   0.054437   0.154110
9/18/12    10/15/12 0.428125     0.144614  0.074964   0.054437   0.154110
12/19/12   1/15/13  0.428125     0.144614  0.074964   0.054437   0.154110
(1) Corporate shareholders may be subject to §IRC 291(a) reduction in certain
corporate preference items.



SOURCE Prologis, Inc.

Website: http://www.prologis.com
Contact: San Francisco, Atle Erlingsson, +1-415-733-9495,
aerlingsson@prologis.com or Tracy Ward, +1-415-733-9565, tward@prologis.com