Prologis Announces Tax Treatment of 2024 Dividends

In This Article:

SAN FRANCISCO, Jan. 27, 2025 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today announced the tax treatment of its 2024 distributions. Exhibits A and B reflect the tax treatment of distributions per share of Prologis, Inc. common and preferred stock, respectively, as prescribed by the Internal Revenue Code.

Persons who held shares of common stock of Prologis, Inc. in their name at any time during 2024 will receive an IRS Form 1099-DIV via Computershare, Prologis' transfer agent. Persons who held shares in "street name" during 2024 should note that the Form 1099-DIV will be provided by a bank, brokerage firm or nominee.  Additional information herein may be needed to properly complete a 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, 2024, has not yet been filed. Please note that federal tax laws affect taxpayers differently, and we cannot advise on how distributions should be reported. Please also note that state and local taxation of REIT distributions may differ from federal rules. Prologis, Inc. recommends consultation with a tax advisor regarding the federal, state, and local income tax consequences of these distributions.

Exhibit A

Tax Treatment of 2024 Common Dividends

Prologis, Inc.
Common Shares
CUSIP # 74340W103
Ticker Symbol: PLD

Record Date

Payable Date

Cash Distribution

Ordinary Taxable Income (1)

Qualified Taxable Dividend (1) 

Long-Term Capital Gain (2)

Unrecaptured Section 1250 Gain (2)

Section 199A Dividends

Section 1061 One Year Amounts Disclosure (3)

Section 1061 Three Year Amounts Disclosure (3)

Section 897 Capital Gain

3/18/2024

3/29/2024

0.960000

0.878226

0.007024

0.048263

0.026487

0.878226

0.025104

0.025104

0.071530

6/17/2024

6/28/2024

0.960000

0.874063

0.001429

0.060540

0.023968

0.874063

0.004882

0.004882

0.082536

9/16/2024

9/30/2024

0.960000

0.874063

0.001429

0.060540

0.023968

0.874063

0.004882

0.004882

0.082536

12/16/2024

12/31/2024

0.960000

0.874063

0.001429

0.060540

0.023968

0.874063

0.004882

0.004882

0.082536

(1)

The sum of these amounts will be reported in Box 1a of Form 1099-DIV as Total Ordinary Dividends.

(2)

The sum of these amounts will be reported in Box 2a of Form 1099-DIV as Total Capital Gain Distributions.

(3)

For purposes of section 1061 of the Internal Revenue Code, Prologis, Inc. is disclosing two additional amounts
related to the capital gain distribution. Section 1061 is generally applicable to direct and indirect holders of
"applicable partnership interests."