---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-105238"
form_type: "8-K"
ticker: "PLD"
cik: "0001045609"
company_name: "Prologis, Inc."
filed_at: "2022-10-03T23:59:59+00:00"
generated_at: "2026-06-23T05:48:55.486398+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Prologis closes $23B all-stock acquisition of Duke Realty, adds 142M sq ft

## Summary
- Acquisition valued at ~$23B including debt; each DRE share converted to 0.475 PLD shares.
- Adds ~480 logistics buildings (142M sq ft) in 19 major U.S. markets plus 7M sq ft under development.
- Over 500 new customers gained; Prologis expands into Savannah, GA, 4th-largest U.S. container gateway.
- James Connor (Duke Realty CEO) appointed to Prologis board effective October 3, 2022.
- Day-one accretion expected; Prologis cites expanded Essentials platform for customers.

## SEC filing metadata
- accession: 0001104659-22-105238
- form_type: 8-K
- ticker: PLD
- cik: 0001045609
- company_name: Prologis, Inc.
- filed_at: 2022-10-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 2.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1045609/000110465922105238/0001104659-22-105238-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1045609/000110465922105238/tm2227221d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-105238
- JSON: https://secwatch.observer/filing/0001104659-22-105238.json
- Plain text: https://secwatch.observer/filing/0001104659-22-105238.txt

## Key facts
- Executive change
  James B. Connor was appointed as Director at Prologis, Inc..
  - Action: appointed
  - Role: Director
  source text: Prologis increased the size of the Prologis board of directors from eleven members to twelve members and appointed James B. Connor to the Prologis board of directors, to hold office until his successor is elected and qualified or his earlier death, resignation or removal.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1045609/000110465922105238/0001104659-22-105238-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.