Prologis Announces At-The-Market Equity Offering Program

           Prologis Announces At-The-Market Equity Offering Program

PR Newswire

SAN FRANCISCO, June 26, 2013

SAN FRANCISCO, June 26, 2013 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD)
("Prologis"), the leading global owner, operator and developer of industrial
real estate, today announced that it established an "at-the-market" equity
offering program pursuant to which it may from time to time sell up to $750
million aggregate offering price of its common stock depending on market
conditions and its capital needs. The shares will be offered from time to
time through BofA Merrill Lynch and Citigroup Global Markets Inc., as
managers. Sales of shares of common stock of Prologis, if any, will be made
by means of ordinary brokers' transactions on the New York Stock Exchange or
otherwise at market prices, in block transactions, or as otherwise agreed with
the managers and will be made by only one manager on any given day. Prologis
intends to use the net proceeds from the sales of such shares for general
corporate purposes, which may include the repayment of indebtedness and the
funding of acquisitions and investments.

This press release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of the common stock in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such
jurisdiction.

The shares of common stock will be offered under the Company's existing shelf
registration statement. A copy of the prospectus supplement and prospectus
relating to these securities may be obtained by contacting BofA Merrill Lynch,
222 Broadway, New York, NY 10038, Attn: Prospectus Department, or via email at
dg.prospectus_requests@baml.com, or Citigroup Global Markets Inc. c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717,
via telephone at 1-800-831-9146 or via email at batprospectusdept@citi.com.

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 Ward, Tel: +1 415 733 9565, tward@prologis.com, San Francisco,
or Atle Erlingsson, Tel: +1 415 733 9495, aerlingsson@prologis.com, San
Francisco
 
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