Prologis Announces Tax Treatment of 2024 Dividends

Core Viewpoint - Prologis, Inc. has announced the tax treatment of its 2024 distributions for both common and preferred stock, detailing the amounts and classifications of dividends as per IRS regulations [1][4][5]. Summary by Category Tax Treatment of Common Dividends - Prologis will distribute a total of $0.960000 per share for each of the four quarters in 2024, with specific tax classifications for each distribution [4]. - The breakdown of the$0.960000 distribution includes: - Ordinary Taxable Income: $0.878226 - Qualified Dividend:$0.007024 - Long-Term Capital Gain: $0.048263 - Unrecaptured Section 1250 Gain:$0.026487 - Section 199A Dividends: $0.025104 - Total Capital Gain Distributions:$0.071530 [4]. Tax Treatment of Preferred Dividends - For the Series Q Cumulative Redeemable Preferred Shares, Prologis will distribute $1.067500 per share for each of the four quarters in 2024 [5]. - The breakdown of the$1.067500 distribution includes: - Ordinary Taxable Income: $0.982170 - Qualified Dividend:$0.015339 - Long-Term Capital Gain: $0.037149 - Unrecaptured Section 1250 Gain:$0.032842 - Section 199A Dividends: $0.055125 - Total Capital Gain Distributions:$0.064730 [5]. Company Overview - Prologis, Inc. is recognized as the global leader in logistics real estate, focusing on high-barrier and high-growth markets [7]. - As of December 31, 2024, the company owned or had investments in properties and development projects totaling approximately 1.3 billion square feet (120 million square meters) across 20 countries [7]. - Prologis leases modern logistics facilities to around 6,500 customers, primarily in business-to-business and retail/online fulfillment sectors [7].