Prologis, Inc. Announces Underwriter Option Exercise (2.25M Shares)

What Happened

• Prologis, Inc. announced that on August 5, 2026 J.P. Morgan Securities LLC and BofA Securities, Inc., the underwriters for its offering that closed August 5, 2026, exercised their option to purchase an additional 2,250,000 shares of common stock. The original offering was 15,000,000 shares. The additional shares are expected to generate aggregate net proceeds to Prologis of approximately $312.2 million (after underwriting discount, before estimated transaction expenses). The closing for the additional shares is scheduled for August 7, 2026, subject to customary closing conditions.

Key Details

• Underwriters: J.P. Morgan Securities LLC and BofA Securities, Inc.
• Additional shares: 2,250,000 common shares (overallotment/underwriter option)
• Expected net proceeds: ~ $312.2 million (after underwriting discount, before expenses)
• Relevant dates: original offering closed Aug 5, 2026; additional shares expected to close Aug 7, 2026; final prospectus supplement filed Aug 4, 2026

Why It Matters

• The exercise increases Prologis’ capital by roughly $312.2M, providing additional liquidity to the company.
• Issuing 2.25M more shares increases the share count and can dilute existing shareholders’ ownership and per-share metrics (e.g., earnings per share).
• The offering was made under Prologis’ effective shelf registration and formal disclosure (prospectus supplement) is available on the SEC EDGAR site for investors who want the full offering details.