Financial Information
Stock Information
Shareholder Services
On February 1, 2010, ProLogis' Board set the projected annual common share dividend level for 2010 at $0.60 cents per share. The Board declares the dividend quarterly and payment of dividends is dependent upon our financial condition and operating results and may be adjusted during the year at the discretion of our Board.
Our current policy is to pay quarterly dividends to shareholders based upon what we consider to be a reasonable percentage of cash flow and at the level that will allow us to continue to qualify as a REIT for tax purposes. Because depreciation is a non-cash expense, cash flow will typically be greater than net earnings. Therefore, annual dividends are expected to be consistently higher than annual earnings.
CUSIP Number: 743410102
Series C 8.54% Cumulative Redeemable Preferred
CUSIP Number: 743410409
Issued: 1996
Traded: OTC
Distribution: $4.27 per share per annum, payable on or about the last business day of March, June, September and December
Liquidation preference: $50 per share
Optional redemption: At ProLogis’ option after 11/13/26 with 30 day notice or at anytime to preserve the company’s status as a REIT
Series F 6.75% Cumulative Redeemable Preferred
CUSIP Number: 743410706
Issued: 2003
Traded: NYSE
Distribution: $1.6875 per share per annum, payable on or about the last business day of March, June, September and December
Liquidation preference: $25 per share
Optional redemption: At ProLogis’ option after 11/28/08 with 30 day notice or at anytime to preserve the company’s status as a REIT
Series G 6.75% Cumulative Redeemable Preferred
CUSIP Number: 743410805
Issued: 2003
Traded: NYSE
Distribution: $1.6875 per share per annum, payable on or about the last business day of March, June, September and December
Liquidation preference: $25 per share
Optional redemption: At ProLogis’ option after 12/30/08 with 30 day notice or at anytime to preserve the company’s status as a REIT
Preferred Stock Ratings
Moody’s Baa3
S&P BB
Fitch BB+
Composite BB+
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