Prologis Declares Quarterly Dividends and Announces Results from Stockholder Meeting

 Prologis Declares Quarterly Dividends and Announces Results from Stockholder
                                   Meeting

PR Newswire

SAN FRANCISCO, May 2, 2013

SAN FRANCISCO, May 2, 2013 /PRNewswire/ -- The Board of Directors of Prologis,
Inc. (NYSE: PLD), declared a regular cash dividend for the quarter ending June
30, 2013 on the following securities:

  oA dividend of $0.28 per share of the company's common stock, which will be
    payable on June 28, 2013 to common stockholders of record at the close of
    business on June 11, 2013; and
  oA dividend of $1.0675 per share on the company's 8.54% Series Q Cumulative
    Redeemable Preferred Stock, which will be payable on July 1, 2013 to
    Series Q stockholders of record at the close of business on June 18, 2013.

Annual Meeting Results
At the company's 2013 annual meeting of stockholders, the stockholders
approved three proposals: electing 10 directors to serve until the next annual
meeting of stockholders and until their successors are duly elected and
qualified; approving by non-binding vote the company's 2012 executive
compensation; and the ratification of the appointment of KPMG LLP as the
company's independent, registered public accounting firm for the year 2013.

The stockholders of Prologis, Inc. elected as directors of the company: Hamid
R. Moghadam (chairman), George L. Fotiades, Christine N. Garvey, Lydia H.
Kennard, J. Michael Losh, Irving F. Lyons III, Jeffrey L. Skelton, D. Michael
Steuert, Carl B. Webb, and William D. Zollars.

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 March 31, 2013, Prologis owned or had investments in,
on a consolidated basis or through unconsolidated joint ventures, properties
and development projects expected to total approximately 559 million square
feet (51.9 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.

The statements in this release 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 Prologis operates, management's beliefs and assumptions made by
management. Such statements involve uncertainties that could significantly
impact Prologis' financial results. Words such as "expects," "anticipates,"
"intends," "plans," "believes," "seeks," "estimates," 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, development activity and changes in sales or
contribution volume of properties, disposition activity, general conditions in
the geographic areas where we operate, our debt and financial position, our
ability to 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) national, international, regional and local economic climates,
(ii) changes in 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, (v) maintenance of real estate investment trust
status and tax structuring, (vi) availability of financing and capital, the
levels of debt that we maintain and our credit ratings, (vii) risks related to
our investments in our co-investment ventures and funds, including our ability
to establish new co-investment ventures and funds, (viii) risks of doing
business internationally, including currency risks, (ix) environmental
uncertainties, including risks of natural disasters, and (x) those additional
factors discussed in reports filed with the Securities and Exchange Commission
by Prologis under the heading "Risk Factors." Prologis undertakes no duty to
update any forward-looking statements appearing in this release.

SOURCE Prologis, Inc.

Website: http://www.prologis.com
Contact: Tracy A. Ward, SVP, IR & Corporate Communications, +1 415 733 9565,
tward@prologis.com or Atle Erlingsson, VP, Corporate Communications, +1 415
733 9495, aerlingsson@prologis.com