Joseph Ghazal
On June 17, 2025, Prologis announced that Joseph Ghazal, Chief Investment Officer, has informed the company of his decision to step away from his role as an executive officer effective July 1, 2025.
Highest-materiality recent filing
Prologis say-on-pay passes with only 58% support; all 11 directors elected
Say-on-pay vote: 480.4M for, 343.9M against (58.3% approval); 32.6M broker non-votes.
Prologis L.P. prices C$850M 4.250% Notes due 2034; net proceeds ~C$839.9M
C$850M aggregate principal of 4.250% Notes due May 15, 2034; closing expected April 27, 2026.
Prologis L.P. prices $1.25B debt offering: $500M 4.250% notes due 2031, $750M 4.900% notes due 2036
Issued $500M aggregate 4.250% Notes due 2031 and $750M aggregate 4.900% Notes due 2036.
Prologis Q1 net earnings $1.05/sh beats prior year $0.63; raises Core FFO guidance to $6.07-6.23
Record lease signings 64M sq ft in logistics; data center platform scales with $1.3B build-to-suit starts.
Prologis appoints Trisha Burns as CAO effective April 1, 2026; discloses $400K LTI target
Trisha Burns became Chief Accounting Officer effective April 1, 2026, as previously reported.
Prologis L.P. closes $3B global senior credit facility with two tranches and accordion option
New 2026 Global Facility provides up to ~$3B revolving credit, expandable by up to $1B.
CEO Letter gets $1M salary, $15.75M LTI target; Moghadam gets $13.75M PSU target + 220k LTIP units
Daniel Letter promoted to CEO effective Jan 1 2026; base salary $1M, bonus target 200% of base, LTI target $15.75M.
Q4 net earnings $1.49/diluted share ($3.56 FY) vs $1.37 ($4.01 FY) prior year; Core FFO $1.44 ($5.81 FY) vs $1.50 ($5.56 FY).
Prologis modifies equity award terms for CEO and two executives, adds dividend equivalents
Compensation Committee approved new PSU agreement with cash-settled dividend equivalents on Target PSUs for 2020 plan.
Prologis appoints Damon Austin as Chief Development Officer effective Jan 1, 2026
Damon Austin, 47, currently Managing Director, Global Head of Customer Led Development since Jan 2023.
Prologis L.P. issues C$700M in 3.600% notes due 2032 for general corporate use
C$700M aggregate principal of 3.600% Notes due 2032 priced Oct 20, closed Oct 27, 2025.
Prologis Q3 Core FFO $1.49 (+4.2%), raises FY guidance; adds 5.2 GW data center capacity
Core FFO per share $1.49 (+4.2% YoY); net earnings $0.82 (-24.1%); record 62M sf leases signed.
Prologis Euro Finance issues €1B in notes: €500M 3.250% due 2032 and €500M 3.875% due 2037
Issued €500M 3.250% notes due 2032 and €500M 3.875% notes due 2037, total €1B.
Prologis CAO Lori Palazzolo to retire April 1 2026; Trisha Burns named successor
Lori Palazzolo will retire as Chief Accounting Officer effective April 1, 2026, then serve as senior advisor for transition.
Prologis Q2 Core FFO $1.46 (+9% YoY); raises FY Core FFO guidance, lowers net earnings guidance
Q2 net earnings $0.61/share, down 33.7% YoY; Core FFO $1.46/share, up 9.0%.
Prologis CIO Joseph Ghazal to step down as executive officer, remain through July 2026
Joseph Ghazal will step away from his role as Chief Investment Officer effective July 1, 2025.
Prologis amends $3B global credit facility; extends maturity to 2029
New $3B global senior credit facility with $2B U.S. Dollar tranche and €895.7M Euro tranche.
Prologis shareholders reelect all 12 directors; special meeting proposal defeated
All 12 director nominees elected; Hamid R. Moghadam received 741.5M for, 51.3M against.
Prologis L.P. prices $1.25B debt offering: $500M 4.75% notes due 2031, $750M 5.25% notes due 2035
Prologis L.P. priced $1.25B senior unsecured notes: $500M at 4.750% due Jan 2031 and $750M at 5.250% due May 2035.
Prologis Q1 Core FFO +10.9% to $1.42; slashes 2025 development/disposition guidance
Core FFO per share $1.42 (+10.9% YoY); net earnings $0.63 per share unchanged.
Prologis amends bylaws to lower special meeting threshold from 50% to 20%
Board of Directors approved Eleventh Amended and Restated Bylaws on February 20, 2025.
CEO Hamid Moghadam to retire Jan 1 2026; President Dan Letter named successor
Hamid R. Moghadam to retire as CEO effective Jan 1, 2026; will remain Executive Chairman.
Prologis L.P. issues C$750M of 4.200% notes due 2033
C$750M aggregate principal of 4.200% senior unsecured notes maturing Feb 15, 2033.
Prologis Q4 2024 Core FFO $1.50/share (+19% YoY); 2025 guidance $5.65-$5.81
Net earnings $1.37/share (+101.5% YoY); Core FFO $1.50/share (+19.0%).
Prologis Q3 Core FFO $1.43 (+10% YoY); raises 2024 occupancy & NOI guidance
Net earnings $1.08/diluted (+35% YoY); Core FFO $1.43 (+10% YoY).
Prologis L.P. prices $1.1B notes offering: $700M 5.000% due 2035, $400M 5.250% due 2054
$700M aggregate principal of 5.000% Notes due Jan 31, 2035 and $400M additional 5.250% Notes due Mar 15, 2054 priced.
Prologis Q2 Core FFO ex-promote $1.36, up 8.8% YoY; raises 2024 earnings guide
Net earnings $0.92/diluted share vs $1.31 YoY; Core FFO $1.34 vs $1.83; drop partly due to promote income shift.
Prologis CLO Nekritz and CHRO McKeown to retire; Briones and Carey named successors
Edward Nekritz, CLO, to retire Jan 1, 2025; will remain as senior advisor.
Prologis stockholders approve lower voting thresholds; simple-majority proposal fails
Charter amendment to reduce voting thresholds passed with 806.8M for, 2.7M against.
Prologis issues €550M 4.000% Notes due 2034 and £350M 5.625% Notes due 2040
Issued €550M 4.000% Notes due 2034; net proceeds ~€546M (~$581M).
Prologis Q1 Core FFO $1.28/share, cuts 2024 guidance midpoints on occupancy and same-store NOI
Q1 Core FFO per diluted share $1.28 vs $1.22 YoY; net earnings $0.63 vs $0.50.
Prologis L.P. prices C$550M 4.700% notes due 2029
C$550M aggregate principal of 4.700% senior unsecured notes, maturing March 1, 2029.
Prologis L.P. issues $1.25B of senior notes in two tranches due 2034 and 2054
$800M of 5.000% notes due 2034 and $450M of 5.250% notes due 2054 issued on January 25, 2024.
Prologis Q4 core FFO $1.26/shr, FY $5.61; 2024 guidance $5.42-$5.56
Q4 net earnings $0.68 diluted; Core FFO $1.26 (ex-promotes $1.29), up 4.9% YoY.
New PSU plan for CEO: 100% performance-based; other top officers: 80% performance, 20% service-based.
Prologis names Carter Andrus COO, Joseph Ghazal CIO; base salary $600K each
Carter Andrus appointed COO and Joseph Ghazal appointed CIO, both effective Jan 1, 2024.
Gary Anderson transitions from COO to senior adviser Jan 1, 2024, retiring June 30, 2024.
Prologis Q3 net earnings $0.80/sh; Core FFO ex-promote up 15% to $1.33/sh; FY guidance raised
Net earnings per diluted share $0.80 vs $1.36 YoY; Core FFO $1.30 vs $1.73 YoY.
Prologis enters JPY58.5B yen revolver, maturing Aug 2027, with sustainability pricing
Prologis L.P. guarantees JPY58.5B revolver (expandable to JPY75.0B) for Japanese subsidiary.
Prologis Q2 2023: Core FFO $1.83 beats, raises full-year guidance
Net earnings per diluted share $1.31 vs $0.82 YoY; Core FFO $1.83 vs $1.11 YoY.
Prologis L.P. prices $2.0B in notes (4.875%/5.125%/5.250%) to fund acquisition
Sold $750M 4.875% notes due 2028, $750M 5.125% notes due 2034, and $500M 5.250% notes due 2053.
Prologis prices €750M of 4.625% Notes due 2033; net proceeds ~€742M to repay credit lines
Prologis Euro Finance LLC issued €750M aggregate principal of 4.625% Notes due May 23, 2033.
Prologis shareholders reject advisory vote on 2022 executive compensation; all directors elected
Advisory vote on 2022 executive compensation failed: 580.6M against vs 219.7M for.
Prologis Q1 Core FFO $1.22, Same Store NOI +11.4%, raises 2023 guidance
Core FFO of $1.22/diluted share vs $1.09 YoY; net earnings $0.50/diluted share on lower gains.
Prologis L.P. enters $3B amended global credit facility with two tranches and 2027 maturity
Revolving facility of up to $3B (USD equivalent) with accordion feature to increase by $1B.
Prologis L.P. prices $1.2B senior notes offering in two tranches
$750M 4.750% notes due 2033 and $450M 5.250% notes due 2053.
Prologis Euro Finance prices €1.25B notes offering (3.875%/4.250%) due 2030/2043
Issued €600M 3.875% notes due 2030 and €650M 4.250% notes due 2043.
Prologis Q4 Core FFO $1.24/share; guides 2023 Core FFO $5.40-$5.50
Core FFO per diluted share Q4 $1.24 (up 10.7% YoY); full year $5.16 (up 24.3%).
Prologis files Duke Realty Q3 2022 historical financials and pro forma combined data
Duke Realty 9M 2022 net income $349M vs $757M in prior year; revenue $872M vs $841M.
Prologis finalizes leadership changes: Letter President, Reilly Vice Chairman, new comp for CFO
Daniel Letter appointed President effective Jan 1, 2023; base salary $600,000, bonus target 130%, LTI target $2,250,000.
On June 17, 2025, Prologis announced that Joseph Ghazal, Chief Investment Officer, has informed the company of his decision to step away from his role as an executive officer effective July 1, 2025.
appointed Mr. Letter as a director effective February 19, 2025
will retire as Chief Executive Officer of the Company effective January 1, 2026.
will become the new Chief Executive Officer upon Mr. Moghadam’s retirement effective January 1, 2026.
Deborah K. Briones will be the new Chief Legal Officer, General Counsel and Secretary effective January 1, 2025.
Edward S. Nekritz, Chief Legal Officer, General Counsel and Secretary of Prologis, Inc. (the “Company”), will move to a new role as senior advisor effective January 1, 2025.
Effective January 1, 2024, (as reported in our Form 8-K filed on November 15, 2023) Carter Andrus became Chief Operating Officer (“COO”) of Prologis, Inc. (the “Company”), Joseph Ghazal became Chief Investment Officer (“CIO”) of the Company and Gary Anderson, former Chief Operating Officer, moved into a senior advisor role with the Company.
Effective January 1, 2024, (as reported in our Form 8-K filed on November 15, 2023) Carter Andrus became Chief Operating Officer (“COO”) of Prologis, Inc. (the “Company”), Joseph Ghazal became Chief Investment Officer (“CIO”) of the Company and Gary Anderson, former Chief Operating Officer, moved into a senior advisor role with the Company.
Effective January 1, 2024, (as reported in our Form 8-K filed on November 15, 2023) Carter Andrus became Chief Operating Officer (“COO”) of Prologis, Inc. (the “Company”), Joseph Ghazal became Chief Investment Officer (“CIO”) of the Company and Gary Anderson, former Chief Operating Officer, moved into a senior advisor role with the Company.
Carter Andrus will be the new Chief Operating Officer and Joseph Ghazal will be the new Chief Investment Officer, each effective January 1, 2024.
Carter Andrus will be the new Chief Operating Officer and Joseph Ghazal will be the new Chief Investment Officer, each effective January 1, 2024.
Gary E. Anderson, Chief Operating Officer of Prologis, Inc., will move to a new role as senior adviser effective January 1, 2024 and retire on June 30, 2024.
Max materiality 0.85 · Median 0.55 · Most common event debt