Prologis

Prologis will pay a cash dividend of $1.07 per common share for the quarter ending September 30, 2026. The payment date is September 30, 2026; eligible shareholders are those of record at the close of business on September 16, 2026. The board also approved a dividend of $1.0675 per share on the 8.54%-cumulative Series Q preferred shares, with the same record and payment dates. » Więcej na de.investing.com

Prologis shares fell about 3% after the company announced a recommended $18.8 billion takeover of SEGRO and a simultaneous capital raise. SEGRO shareholders will receive 0.0920 new Prologis shares per share; a partial cash option is capped at roughly £3.5 billion, meaning many new shares will be issued. Prologis is also placing 15 million common shares (gross proceeds ~ $2.1 billion) with a 30‑day overallotment option; J.P. Morgan and BofA Securities are joint bookrunners. Management expects the transaction to be "largely neutral to minimally dilutive" for core FFO and AFFO per share in the first full year; closing is targeted for H1 2027. » Więcej na de.investing.com

Prologis is issuing 15 million new shares and expects to raise about $2.1 billion to fund general corporate purposes and potential acquisitions such as the takeover of Segro. The placement is being led by JPMorgan and Bank of America and represents a dilutive capital measure. Prologis cautioned that closing the proposed Segro transaction on the suggested terms or within the expected timeframe is not guaranteed; the stock fell 2.8% in premarket trading to $140.06. » Więcej na de.investing.com