SEC Info℠ | Home | Search | My Interests | Help | Sign In | Please Sign In | ||||||||||||||||||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 1/31/22 Prologis Euro Finance LLC 424B3 1:1.6M Toppan Merrill/FA Prologis, L.P. |
Document/Exhibit Description Pages Size 1: 424B3 Prospectus - New Facts or Events HTML 1.14M
tm224230-1_424b3 - none - 23.3282745s |
| | |
Per Floating
Rate Note |
| |
Per Note
|
| |
Per Note
|
| |
Total
|
| ||||||||||||
Price to public(1)
|
| | | | % | | | | | | % | | | | | | % | | | | | € | | | |
Underwriting discount
|
| | | | % | | | | | | % | | | | | | % | | | | | € | | | |
Proceeds to us, before expenses
|
| | | | % | | | | | | % | | | | | | % | | | | | € | | |
| | |
Page
|
| |||
| | | | S-iv | | | |
| | | | S-1 | | | |
| | | | S-12 | | | |
| | | | S-19 | | | |
| | | | S-20 | | | |
| | | | S-21 | | | |
| | | | S-22 | | | |
| | | | S-35 | | | |
UNDERWRITING | | | | | S-41 | | |
| | | | S-46 | | | |
| | | | S-46 | | |
| | |
Page
|
| |||
| | | | 1 | | | |
| | | | 1 | | | |
| | | | 2 | | | |
| | | | 3 | | | |
| | | | 3 | | | |
| | | | 3 | | | |
| | | | 4 | | | |
| | | | 9 | | | |
| | | | 11 | | | |
| | | | 15 | | | |
| | | | 24 | | | |
| | | | 29 | | | |
| | | | 49 | | | |
| | | | 69 | | | |
| | | | 89 | | | |
| | | | 109 | | | |
| | | | 130 | | | |
| | | | 132 | | | |
| | | | 132 | | | |
| | | | 132 | | | |
| | | | 133 | | |
| | |
Year Ended December 31,
|
| |||||||||
| | | | |
2020
|
| |||||||
| | |
(unaudited)
|
| |
(audited)
|
| ||||||
Operating Data (in millions, except per share data): | | | | | | | | | | | | | |
Revenues: | | | | | | | | | | | | | |
Rental
|
| | | $ | 4,148 | | | | | $ | 3,791 | | |
Strategic capital
|
| | | | 591 | | | | | | 637 | | |
Development management and other
|
| | | | 20 | | | | | | 11 | | |
Total revenues
|
| | | | 4,759 | | | | | | 4,439 | | |
Expenses: | | | | | | | | | | | | | |
Rental
|
| | | | 1,041 | | | | | | 952 | | |
Strategic capital
|
| | | | 207 | | | | | | 218 | | |
General and administrative
|
| | | | 293 | | | | | | 275 | | |
Depreciation and amortization
|
| | | | 1,578 | | | | | | 1,562 | | |
Other
|
| | | | 23 | | | | | | 30 | | |
Total expenses
|
| | | | 3,142 | | | | | | 3,037 | | |
Operating income before gains on real estate transactions, net
|
| | | | 1,617 | | | | | | 1,402 | | |
Gains on dispositions of development properties and land, net
|
| | | | 817 | | | | | | 465 | | |
Gains on other dispositions of investments in real estate, net
|
| | | | 773 | | | | | | 252 | | |
Operating income
|
| | | | 3,207 | | | | | | 2,119 | | |
Other income (expense):
|
| | | | | | | | | | | | |
Earnings from unconsolidated entities, net
|
| | | | 404 | | | | | | 297 | | |
Interest expense
|
| | | | (266) | | | | | | (315) | | |
Interest and other income, net
|
| | | | 1 | | | | | | 1 | | |
Foreign currency and derivative gains (losses), net
|
| | | | 164 | | | | | | (167) | | |
Losses on early extinguishment of debt, net
|
| | | | (187) | | | | | | (188) | | |
Total other income (expense)
|
| | | | 116 | | | | | | (372) | | |
Earnings before income taxes
|
| | | | 3,323 | | | | | | 1,747 | | |
Total income tax expense
|
| | | | (174) | | | | | | (130) | | |
Consolidated net earnings
|
| | | $ | 3,149 | | | | | $ | 1,617 | | |
Less net earnings attributable to noncontrolling interests
|
| | | | 128 | | | | | | 94 | | |
Net earnings attributable to controlling interests
|
| | | | 3,021 | | | | | | 1,523 | | |
Less preferred unit dividends
|
| | | | 6 | | | | | | 6 | | |
Less preferred unit repurchase
|
| | | | — | | | | | | 2 | | |
Net earnings available for common unitholders
|
| | | $ | 3,015 | | | | | $ | 1,515 | | |
Weighted average common units outstanding: | | | | | | | | | | | | | |
Basic
|
| | | | 752.0 | | | | | | 740.9 | | |
Diluted
|
| | | | 764.8 | | | | | | 754.4 | | |
Net earnings per unit attributable to common unitholders – Basic
|
| | | $ | 3.97 | | | | | $ | 2.02 | | |
Net earnings per unit attributable to common unitholders – Diluted
|
| | | $ | 3.94 | | | | | $ | 2.01 | | |
| | |
Years Ended December 31,
|
| |||||||||
| | | | |
2020
|
| |||||||
| | |
(unaudited)
|
| |
(unaudited)
|
| ||||||
FFO(1): (in millions) | | | | | | | | | | | | | |
Reconciliation of net earnings to FFO measures: | | | | | | | | | | | | | |
Net earnings available for common unitholders
|
| | | $ | 3,015 | | | | | $ | 1,515 | | |
Add (deduct) NAREIT defined adjustments: | | | | | | | | | | | | | |
Real estate related depreciation and amortization
|
| | | | 1,534 | | | | | | 1,523 | | |
Gains on real estate transactions, net of taxes (excluding development properties
and land) |
| | | | (749) | | | | | | (252) | | |
Reconciling items related to noncontrolling interests
|
| | | | (76) | | | | | | (99) | | |
Our share of reconciling items included in earnings related to unconsolidated entities
|
| | | | 200 | | | | | | 268 | | |
NAREIT defined FFO(1)
|
| | | $ | 3,924 | | | | | $ | 2,955 | | |
Add (deduct) our modified adjustments: | | | | | | | | | | | | | |
Unrealized foreign currency and derivative losses (gains), net
|
| | | | (173) | | | | | | 159 | | |
Deferred income tax expense
|
| | | | 1 | | | | | | 1 | | |
Current income tax expense on dispositions related to acquired tax liabilities
|
| | | | 3 | | | | | | 6 | | |
Reconciling items related to noncontrolling interests
|
| | | | 1 | | | | | | (1) | | |
Our share of reconciling items included in earnings related to unconsolidated entities
|
| | | | (1) | | | | | | 0 | | |
FFO, as modified by Prologis(1)
|
| | | $ | 3,755 | | | | | $ | 3,120 | | |
Adjustments to arrive at Core FFO: | | | | | | | | | | | | | |
Gains on dispositions of development properties and land, net
|
| | | | (817) | | | | | | (466) | | |
Current income tax expense on dispositions
|
| | | | 38 | | | | | | 41 | | |
Losses on early extinguishment of debt, preferred stock and other, net
|
| | | | 187 | | | | | | 199 | | |
Reconciling items related to noncontrolling interests
|
| | | | 7 | | | | | | (2) | | |
Our share of reconciling items included in earnings related to unconsolidated entities
|
| | | | 2 | | | | | | (28) | | |
Core FFO(1)
|
| | | $ | 3,172 | | | | | $ | 2,864 | | |
| | | | ||||||||||
| | | | |
2020
|
| |||||||
| | |
(unaudited)
|
| |
(audited)
|
| ||||||
Financial Position (in millions): | | | | | | | | | | | | | |
Net investments in real estate properties
|
| | | $ | 45,337 | | | | | $ | 43,845 | | |
Investment in and advances to unconsolidated entities
|
| | | $ | 8,611 | | | | | $ | 7,602 | | |
Cash and cash equivalents
|
| | | $ | 556 | | | | | $ | 598 | | |
Total assets
|
| | | $ | 58,486 | | | | | $ | 56,065 | | |
Total debt
|
| | | $ | 17,715 | | | | | $ | 16,849 | | |
Total liabilities
|
| | | $ | 20,744 | | | | | $ | 19,740 | | |
Noncontrolling interest
|
| | | $ | 3,398 | | | | | $ | 3,484 | | |
Total capital
|
| | | $ | 37,742 | | | | | $ | 36,325 | | |
Number of common units outstanding
|
| | | | 752 | | | | | | 752 | | |
Number of Class A common limited partnership units outstanding
|
| | | | 9 | | | | | | 9 | | |
| | |
As of
December 31, 2021 |
| | |||||||||||
| | |
Actual
|
| |
As
Adjusted(1) |
| | ||||||||
| | |
(In millions)
|
| | |||||||||||
Cash and cash equivalents:
|
| | | $ | 556 | | | | | $ | | | | |||
Debt: | | | | | | | | | | | | | | | ||
Credit facilities
|
| | | $ | 491 | | | | | $ | | | | |||
Senior notes
|
| | | | 14,982 | | | | | | | | | | ||
Floating Rate Notes offered hereby(2)
|
| | | | — | | | | | | | | | | ||
Notes offered hereby(2)
|
| | | | — | | | | | | | | | | ||
Notes offered hereby(2)
|
| | | | — | | | | | | | | | | ||
Term loans and other debt
|
| | | | 1,825 | | | | | | | | | | ||
Secured mortgage
|
| | | | 417 | | | | | | | | | | | |
Total debt
|
| | | | 17,715 | | | | | | | | | | ||
Prologis, L.P. capital: | | | | | | | | | | | | | | | ||
Partners’ capital
|
| | | | 34,344 | | | | | | | | | | ||
Noncontrolling interests:
|
| | | | 3,398 | | | | | | | | | | | |
Total capital
|
| | | | 37,742 | | | | | | | | | | | |
Total capitalization:
|
| | | $ | 55,457 | | | | | $ | | | | |
Name
|
| |
Principal Amount
of Floating Rate Notes |
| |
Principal Amount
of Notes |
| |
Principal Amount
of Notes |
| |||||||||
Citigroup Global Markets Limited
|
| | | € | | | | | € | | | | | € | | | |||
Goldman Sachs & Co. LLC
|
| |
|
| | | | | | | | | | | | | |||
ING Bank N.V.
|
| | | | | | | | | | | | | | | | | | |
J.P. Morgan Securities plc
|
| | | | | | | | | | | | | | | | | | |
Total
|
| | | € | | | | | € | | | | | € | | | |
| | |
Page
|
| |||
| | | | 1 | | | |
| | | | 1 | | | |
| | | | 2 | | | |
| | | | 3 | | | |
| | | | 3 | | | |
| | | | 3 | | | |
| | | | 4 | | | |
| | | | 9 | | | |
| | | | 11 | | | |
| | | | 15 | | | |
| | | | 24 | | | |
| | | | 29 | | | |
| | | | 49 | | | |
| | | | 69 | | | |
| | | | 89 | | | |
| | | | 109 | | | |
| | | | 130 | | | |
| | | | 132 | | | |
| | | | 132 | | | |
| | | | 132 | | | |
| | | | 133 | | |
This ‘424B3’ Filing | Date | Other Filings | ||
---|---|---|---|---|
1/1/26 | ||||
12/31/25 | ||||
10/7/25 | ||||
Filed on: | 1/31/22 | 8-K, FWP | ||
1/14/22 | ||||
1/1/22 | ||||
12/31/21 | 10-K | |||
9/30/21 | 10-Q | |||
6/30/21 | 10-Q | |||
3/31/21 | 10-Q | |||
12/31/20 | 10-K | |||
3/24/20 | S-3ASR | |||
3/20/20 | ||||
3/6/20 | ||||
2/4/20 | 8-K, 8-K/A | |||
12/31/19 | 10-K | |||
3/26/19 | ||||
1/1/19 | ||||
12/31/18 | 10-K | |||
8/24/18 | 8-K/A, POSASR | |||
8/1/18 | 8-A12B | |||
1/1/18 | ||||
12/31/17 | 10-K | |||
6/7/17 | 8-A12B | |||
6/29/16 | ||||
6/8/16 | ||||
12/31/15 | 10-K | |||
2/20/14 | 8-A12B | |||
12/3/13 | 8-A12B | |||
8/15/13 | 8-K | |||
6/8/11 | 8-K | |||
8/14/09 | S-3ASR, UPLOAD | |||
7/30/08 | ||||
1/1/05 | ||||
12/31/97 | ||||
1/1/97 | ||||
8/20/96 | ||||
List all Filings |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 3/13/20 Prologis, Inc. 8-K:8 3/12/20 11:290K Toppan Merrill/FA 2/19/20 Prologis, Inc. 8-K/A:2,5,7 2/04/20 15:1.9M ActiveDisclosure/FA 2/14/20 Prologis, Inc. 8-K:2,8,9 2/03/20 23:1.1M Toppan Merrill/FA 2/11/20 Prologis, Inc. 10-K 12/31/19 141:40M ActiveDisclosure/FA 2/05/20 Prologis, Inc. 8-K:2,8,9 1/28/20 13:754K Toppan Merrill/FA 2/04/20 Prologis, Inc. 8-K:2,5,7,9 2/04/20 13:558K Toppan Merrill/FA 1/28/20 Prologis, Inc. 8-K:8,9 1/28/20 16:2.1M Toppan Merrill/FA 1/23/20 Prologis, Inc. 8-K:8,9 1/22/20 12:440K Toppan Merrill/FA 1/17/20 Prologis, Inc. 8-K:8,9 1/17/20 11:342K Toppan Merrill/FA 1/16/20 Prologis, Inc. 8-K:5 1/15/20 12:252K Donnelley … Solutions/FA 1/08/20 Prologis, Inc. 8-K:2,7,9 1/08/20 12:334K Toppan Merrill/FA 11/25/19 Liberty Property Trust 8-K:8,9 11/25/19 138:53M Workiva Inc Wde… FA01/FA 10/28/97 Prologis, Inc. 8-A12B 1:5K Bowne of Los Ang… Inc/FA |