DOCSLIB.ORG

The Daily Reitbeat St November 21 , 2019

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
The Daily Reitbeat St November 21 , 2019 The Daily REITBeat st November 21 , 2019 Total % Price Change Return Index Closing Price Change 1D 5D 1M 3M YTD Dow Jones Industrial Average 27821.09 ‐112.93 ‐0.40 0.13 3.93 5.98 19.26 Nasdaq Composite Index 8526.73 ‐43.93 ‐0.51 0.53 5.40 6.70 28.51 S&P 500 Index 3108.46 ‐11.72 ‐0.38 0.47 4.09 6.35 24.00 MSCI US REIT Index 1293.90 ‐4.08 ‐0.31 1.59 ‐1.59 2.00 22.38 FTSE NAREIT REIT Index 780.80 ‐0.77 ‐0.10 1.94 ‐1.94 1.06 24.18 VIX Index 12.78 ‐0.08 ‐0.62 ‐1.69 ‐10.32 ‐23.38 ‐49.72 MSCI US REIT Index Daily Performance Chart IYR/VNQ Daily Performance Chart PAGE 1 The Daily REITBeat st November 21 , 2019 REIT/Real Estate Headlines INVH Priced a 57.6 million share offering at $30.10/share on behalf of certain selling stockholders affiliated with Blackstone and after this offering and Blackstone's related distribution of its remaining 300,452 shares in Invitation Homes to its partners, Blackstone will no longer beneficially own shares in Invitation Homes CONE Priced $600 million of 2.90% senior notes due 2024 and $600 million of 3.45% senior notes due 2029 and intends to use the net proceeds from this offering (i) to finance their repurchase of any and all of their outstanding $700 million 5.00% Senior Notes due 2024 and $500 million 5.375% Senior Notes due 2027 GNL Priced an underwritten public offering of 3 million shares of its 6.875% Series B Cumulative Redeemable Perpetual Preferred Stock raising gross proceeds of $75 million COLD Entered into a definitive agreement to acquire Nova Cold Logistics, based in Canada, for CAD $337 million from Brookfield Business Partners L.P. together with its institutional partners and completed the acquisition of two cold storage facilities owned by MHW Group Inc, one in Maryland and one in Pennsylvania, and exercised an option to purchase the underlying land, for $54 million MPW Announced a sterling‐denominated public offering of senior notes and intends to use approximately £367.0 million ($0.5 billion) of the net proceeds from the offering to repay amounts outstanding under the revolving credit facility of the Operating Partnership, and the remaining net proceeds for general corporate purposes, which may include working capital, capital expenditures and potential future acquisitions EQR Announced the appointment of T. Zia Huque to the Company’s Board of Trustees to serve until the next annual meeting of shareholders HST Announced the appointment of Julie Aslaksen as Executive Vice President, General Counsel and Secretary, effective November 14th LPT Announced that On Services – AV Specialists Inc. it signed a 24K sf of space and Inmark, LLC expanded its lease by an additional 24K sf bringing its total space to 53,578 sf at 4183 Eagle Hill Drive in High Point, NC DRE Fitch announced plans to withdraw its ratings on or about Dec. 20th for commercial reasons plus the company and its Chairman and Chief Executive Officer James B. Connor, announced that they have been recognized for their dedication and initiatives to advance diversity and inclusion in the workplace, with the receipt of Nareit’s inaugural Dividends Through Diversity and Inclusion Recognition Awards during REITworld, the organization’s 2019 Annual Conference in Los Angeles REIT Analyst Initiations/Upgrades/Downgrades/Reiterations UPGRADES KIM: Scotiabank upgrades to Sector Perform from Sector Underperform (raise price target by $3 to $21) PAGE 2 The Daily REITBeat st November 21 , 2019 Barclays Lodging REIT Reiterations Overweight: APLE ($18), HST ($20), PK ($28), RLJ ($19) Equalweight: CLDT ($19), DRH ($11), SHO ($15) Underweight: HT ($14) Capital One REIT Reiterations Overweight: HST ($20), STOR ($43), VER ($11) SunTrust Robinson Lodging REIT/Real Estate Reiterations (Yesterday) Buy: HGV ($42), MTN ($280), PK ($27), PLYA ($11), VAC ($155), WYND ($76) Hold: BXG ($11), CHH ($87), DRH ($9), H ($79), HLT ($99), HST ($18), MAR ($128), RHP ($85), SHO ($14) REITERATIONS WRI: Scotiabank reiterates Sector Perform rating (raise price target by $4 to $32) BRX: Scotiabank reiterates Sector Perform rating (raise price target by $4 to $23) PK: Wells Fargo reiterates Market Perform rating (lower price target by $2 to $23) DOC: Compass Point reiterates Buy rating (raise price target by $4 to $23) NXRT: Yesterday, SunTrust Robinson reiterated Hold rating (raised price target by $1 to $46) O: Yesterday, JPM reiterated Neutral rating (raised price target by $1 to $77) AIV: Yesterday, Barclays reiterated Equalweight rating (lowered price target by $2 to $51) MGP: Yesterday, Scotiabank reiterated Sector Outperform rating (raised price target by $1 to $35) Daily REIT Performance by Sector Sector / (%) Specialized REITs 0.63 Diversified REITs 0.39 Industrial REITs 0.25 Health Care REITs 0.17 Residential REITs 0.21 Office REITs 0.34 Retail REITs 1.05 Lodging REITs 1.53 Top 10 REIT Movers Yesterday Ticker UP (%) Ticker DOWN (%) SAFE 5.09 CBL 6.38 STAR 2.29 MGP 4.09 CCI 1.91 IIPR 3.32 ANH 1.76 RVI 3.10 SNH 1.63 MAC 2.90 NSA 1.38 RESI 2.68 CLNY 1.23 PEI 2.59 PLYM 1.14 TCO 2.49 AMT 1.08 BRX 2.36 RWT 1.06 ESRT 2.26 PAGE 3 The Daily REITBeat st November 21 , 2019 Top 10 REIT Volume Disparities vs 30‐Day Average Ticker UP (%) Ticker DOWN (%) MGP 2240.30 HLT 53.25 NYMT 1554.63 PSTL 52.60 SAFE 959.06 IRM 48.18 CMCT 659.22 DRE 46.56 ESRT 316.06 BXP 45.74 TCO 235.84 PGRE 41.82 STAR 143.24 WELL 40.54 PLYM 123.51 SITC 38.76 SVC 122.41 ABR 38.02 RLJ 121.36 LPT 37.93 REIT/Real Estate Articles APARTMENT REITS/REAL ESTATE WSJ Apartment Landlords Artificial Intelligence Tenant Screening Article: https://www.wsj.com/articles/robots‐are‐ taking‐over‐the‐rental‐screening‐process‐11574332200 DATA CENTER REITS Seeking Alpha DLR Article: https://seekingalpha.com/article/4307916‐grahams‐golden‐rules‐brought‐digital‐realty‐ trust INDUSTRIAL REITS Bloomberg PLD Hamid Moghadam Podcast Interview: https://www.bloomberg.com/news/audio/2019‐11‐ 21/warehouse‐related‐real‐estate‐market‐may‐get‐bigger‐podcast Raleigh LPT High Point Industrial Leasing Update Article: https://www.bizjournals.com/triad/news/2019/11/21/local‐industrial‐park‐reaches‐100‐percent.html MALL & RETAIL REITS/REAL ESTATE Philadelphia PEI Moorestown Mall Lord & Taylor Store Closure Update Article: https://www.bizjournals.com/philadelphia/news/2019/11/20/lord‐taylor‐to‐lay‐off‐dozens‐at‐moorestown‐ mall.html NY Real Deal FRT Georgetowne Shopping Center Acquisition Article: https://therealdeal.com/2019/11/20/fairway‐ anchored‐bergen‐beach‐shopping‐center‐sells‐for‐85m/ CNBC Carl Icahn Mall CMBS Short Play Article: https://www.cnbc.com/2019/11/20/why‐icahn‐is‐making‐a‐400‐ million‐bet‐against‐malls‐record‐store‐closures‐this‐year.html Seeking Alpha SPG Articles: https://seekingalpha.com/article/4307406‐buy‐best‐breed‐simon‐property‐group‐rises‐ rest and https://seekingalpha.com/article/4308180‐know‐best‐breed‐investor MANUFACTURED HOUSING REITS Memphis UMH Blues Community Expansion Article: https://www.bizjournals.com/memphis/news/2019/11/20/expansion‐underway‐for‐fraysers‐memphis‐blues.html PAGE 4 The Daily REITBeat st November 21 , 2019 OFFICE REITS Charlotte HIW Bank of America Tower at Legacy Union Building Acquisition Articles: https://www.bizjournals.com/charlotte/news/2019/11/20/legacy‐union‐tower‐sells‐for‐441‐6m‐to‐highwoods.html and https://www.charlotteobserver.com/news/business/biz‐columns‐blogs/development/article237580049.html NY Commercial Observer SLG 711 Third Avenue Center on Addiction Lease Article: https://commercialobserver.com/2019/11/center‐on‐addiction‐lease‐711‐third‐avenue‐sl‐green‐realty‐corp/ TOWER REITS Street.com AMT Article: https://realmoney.thestreet.com/investing/american‐tower‐look‐to‐position‐it‐from‐the‐ long‐side‐15175468 OTHER REIT SECTOR ARTICLES Bloomberg Sam Zell Mexico REITs Corporate Governance Article: https://www.bloomberg.com/news/articles/2019‐ 11‐20/sam‐zell‐criticizes‐mexican‐real‐estate‐trusts‐shame‐on‐you Seeking Alpha Brad Thomas REIT Stock Ideas Article: https://seekingalpha.com/article/4308104‐michelangelo‐vince‐ lombardi‐37‐percent‐gains‐far BLOOMBERG ECONOMIC CALENDAR * 8:30am: Philadelphia Fed Business Outlook, est. 6, prior 5.6 * 8:30am: Initial Jobless Claims, est. 218,000, prior 225,000 * 8:30am: Continuing Claims, est. 1.68m, prior 1.68m * 9:45am: Bloomberg Consumer Comfort, prior 58 * 9:45am: Bloomberg Economic Expectations, prior 49 * 10am: Leading Index, est. ‐0.2%, prior ‐0.1% * 10am: Existing Home Sales, est. 5.49m, prior 5.38m * 10am: Existing Home Sales MoM, est. 2.04%, prior ‐2.2% PAGE 5 The Daily REITBeat st November 21 , 2019 Mary Jensen, Founder & CEO David Auerbach [email protected] [email protected] 310.526.1707 214.492.3777 Mary Jensen is a proven strategic communicator and capital David Auerbach has been in the securities business for over 20 markets executive with progressive in‐house experience in years serving as an institutional trader specializing in REITs (Real corporate strategy, marketing, business development and Estate Investment Trust), Equity and Preferred stocks, MLPs, investor relations gained primarily within the REIT/Commercial ETFs, and Closed End Funds. He has spent his entire career in Real Estate industry. Ms. Jensen is recognized for driving Dallas, TX. investment decisions by major Wall Street firms, enhancing stakeholder relationships and gaining better exposure with David departed Esposito Securities after 6½ years in December financial institutions, as well as establishing business 2018 where he helped to build out the REIT/Real Estate platform partnerships and processes to achieve company goals.
Load more

Recommended publications
  • Participant Bios
    Johan Aalto Senior Partner, Hannes Snellman PRACTICE AND EXPERIENCE Johan Aalto is Hannes Snellman’s Senior Partner. He specializes in mergers and acquisitions, corporate finance and capital markets, with an emphasis on public takeovers. During the last few years, Johan has been involved in some of the largest and most complex transactions in Finland. He also focuses on corporate governance issues and acts as the chairman of general meetings of several listed companies in Finland. Johan has been awarded the honorary title Lagman by the President of the Republic of Finland. MEMBERSHIPS AND POSITIONS OF TRUST • Member of the committee preparing the first Finnish guidelines on takeovers (the Helsinki Takeover Code), 2007 • Board memberships in several companies • Member of the Finnish Bar Association, 1991 EDUCATION AND PROFESSIONAL BACKGROUND • Senior Partner, 2009 • Managing Partner, Hannes Snellman, 2005-2009 • Partner, Hannes Snellman, 1994 • Master of Laws, University of Helsinki, 1987 Nigel Boardman Partner, Slaughter and May Nigel’s broad practice includes domestic and international corporate finance, mergers and acquisitions, joint ventures, IPOs, demergers, private acquisitions and disposals, private equity, public takeovers, issues of compliance and corporate governance, investigations and insolvency, restructurings, investigations and sports law. Nigel has received a number of accolades, including: • The Financial Times’ Special Achievement Award • Chambers Directories Lifetime Achievement award • Lawyer of the Decade award from Financial News (2015) • included in Debrett’s ‘Who’s Who’ • ranked as a “star performer” for Corporate and M&A work by Chambers in its U.K., Europe and Global directories • identified as a “Thought Leader” for M&A and Corporate Governance work in Who’s Who Legal: Thought Leaders 2017 Nigel is a consulting editor of the Oxford University Press’ ‘Annotated Companies Acts’ and is on the Editorial Board of the ‘Journal for Corporate and Commercial Law and Practice’.
    [Show full text]
  • Prologis Is Building Tomorrow's Workforce
    12/10/2019 Prologis is Building Tomorrow’s Workforce | Nareit Home ► Industry News ► REIT Magazine ► November/December 2019 ► Prologis is Building Tomorrow’s Workforce Prologis is addressing its tenants’ urgent need for labor by developing workforce training initiatives. 11/7/2019 | By Sarah Borchersen-Keto REIT magazine: November/December 2019 Students at Florida’s Miami Springs Senior High School might appear to be playing video games, but the forklift truck they are maneuvering onscreen during class is giving them valuable skills that are urgently needed to support today’s growing logistics industry. Elsewhere in the classroom, built by logistics REIT Prologis, Inc. (NYSE: PLD) in collaboration with Miami-Dade County Public Schools, students prepare packages for shipping and complete logistics modules online. Lead teacher Nicolas Acosta, Jr. says the skills his students are learning will ensure they “hit the ground running” when the time comes to enter the workforce. “We’re making sure we have the talent to secure the future,” he adds. The Prologis Trade and Logistics Lab, as the space is formally known, officially opened in May. It expands upon an existing logistics training program at the school and is a key part of Prologis’ Community Workforce Initiative (CWI). Launched in 2018, the initiative is seen as an extension of the company’s commitment to deliver superior customer service by strengthening local communities. Prologis collaborates with local workforce programs to provide mentorship, skills training, internships, and job placement services for people interested in pursuing careers in logistics, distribution, and transportation. Prologis Chairman and CEO Hamid Moghadam says the idea for CWI came from the REIT’s customers.
    [Show full text]
  • Printmgr File
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.) Filed by the Registrant È Filed by a Party other than the Registrant ‘ Check the appropriate box: ‘ Preliminary Proxy Statement ‘ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) È Definitive Proxy Statement ‘ Definitive Additional Materials ‘ Soliciting Material Pursuant to Rule 14a-12 Prologis, Inc. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): È No fee required. ‘ Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): (4) Proposed maximum aggregate value of transaction: (5) Total fee paid: ‘ Fee paid previously with preliminary materials. ‘ Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (1) Amount Previously Paid: (2) Form, Schedule or Registration Statement No.: (3) Filing Party: (4) Date Filed: AHEAD OF WHAT’S NEXT™ Prologis Proxy Statement Notice of annual meeting of stockholders Prologis Park Ontario, Ontario, California Thursday, April 29, 2021 1:30 p.m., Pacific time The date of this proxy statement is March 19, 2021 Notice of 2021 Annual Meeting of Stockholders March 19, 2021 To our stockholders: I invite you to attend the 2021 annual meeting of stockholders of Prologis, Inc.
    [Show full text]
  • Common Sense Media Annual Report 2011-2012 the Balanced Voice
    Common Sense Media Annual Report 2011-2012 the balanced voice. the respected choice. the champion for kids. TABLE OF CONTENTS 3 Mission 4 Letter From Our Founder: Jim Steyer 7 What We Do 8 Rate 10 Educate 12 Advocate 14 Common Sense Media Awards Ceremony 2011 16 Financials 18 Our Boards 22 Partners 24 Major Donors 28 How You Can Help & Our Offices *All images generously donated by Getty Images. Page 6 (Top to bottom): 107156944, 57422917, 102759276 | Page 26 & 27: 107758923 OUR MISSION Common Sense Media is dedicated to improving the lives of kids and families by providing the trustworthy information, education, and independent voice they need to thrive in a world of media and technology. » LETTER FROM OUR FOUNDER JIM STEYER, CEO AND FOUNDER Dear Friends, Common Sense Media has come a long way with your support. Today, we reach tens of millions of kids and families who use our ratings and reviews, more than 20,000 educators who deliver our K-12 curriculum in schools in all 50 states, and thousands of national, state, and local policymakers who look to us for nonpartisan leadership and a strong voice for kids. As we've said from day one, we created Common Sense Media to give parents, educators, and young people a choice and a voice in the media and technology that’s everywhere in our lives. Today, with our kids growing up in a 24/7 media environment, our mission has never been more important. This is truly a watershed moment for kids, media, and education issues in the United States, not to mention for children and families across the globe.
    [Show full text]
  • Emerging Trends in Real Estate®
    2021 United States l Canada EMERGING TRENDS IN REAL ESTATE® Untitled-2 1 10/12/20 3:20 PM Emerging Trends in Real Estate® 2021 A publication from: Untitled-2 2 10/12/20 3:20 PM Emerging Trends in Real Estate® 2021 Contents 1 Notice to Readers 94 Chapter 3 Property Type Outlook 50 Industrial/Logistics 3 Chapter 1 Dealing with Certain Uncertainties 57 Single-Family 6 Are We Home Yet? 1 6 Multifamily 9 The Great American Move 69 Office 1 1 Reinventing Cities Post-COVID 75 Hotels 3 1 Accelerating the Retail Transformation 78 Retail 5 1 From Just-in-Time to Just-in-Case 6 1 Location, Location, Safety 38 Chapter 4 Emerging Trends in Canadian 8 1 The Economy Stumbles (and the Real Estate Real Estate Sector Hangs On) 38 Reimagining Portfolios: Strategies to Succeed in 1 2 The Great Fiscal Challenge Times of Uncertainty 32 Affordable Housing Crisis Likely to Explode 68 18-Hour and 15-Minute Cities: Staying Ahead of an without Intervention Evolving Real Estate Customer 4 2 From Moment to Movement: Racial and Social 09 Necessity versus FOMO: A Shifting Proptech Equity Landscape Opens New Possibilities for Digital Transformation 13 Chapter 2 Markets to Watch 93 Property Type Outlook 1 3 COVID-19 Giveth and Taketh 79 Markets to Watch 33 Grouping the Markets 102 Expected Best Bets for 2021 103 Interviewees Emerging Trends in Real Estate® 2021 i Editorial Leadership Team Emerging Trends Chairs PwC Advisers and Contributing Researchers R. Byron Carlock Jr., PwC Aaron Sen* Frédéric Lepage* Matthew Berkowitz W.
    [Show full text]
  • Protest & Comments in Response to NYISO Demand Curve
    UNITED STATES OF AMERICA BEFORE THE FEDERAL ENERGY REGULATORY COMMISSION ) New York Independent System Operator, Inc. ) Docket No. ER21-502-000 ) PROTEST AND SUPPORTING COMMENTS OF INDEPENDENT POWER PRODUCERS OF NEW YORK, INC. On November 30, 2020, the New York Independent System Operator, Inc. (“NYISO”) filed, pursuant to Section 205 of the Federal Power Act, proposed tariff revisions to its Market Administration and Control Area Services Tariff (“Services Tariff”), which define new installed capacity (“ICAP”) Demand Curves applicable for the 2021/2022 Capability Year and proposed the inputs and parameters for conducting the annual updates to determine the ICAP Demand Curves for the 2022/2023, 2023/2024, and 2024/2025 Capability Years, with the Federal Energy Regulatory Commission (“Commission”) in the above-captioned docket.1 Pursuant to Rule 211 of the Commission’s Rules of Practice and Procedure, 18 C.F.R. § 385.211, and the Commission’s Combined Notice of Filings #1, issued on November 30, 2020, Independent Power Producers of New York, Inc. (“IPPNY”)2 hereby protests, and comments on, the NYISO Filing. I. BACKGROUND AND EXECUTIVE SUMMARY On May 20, 2003, the Commission first approved ICAP Demand Curves for the NYISO ICAP market to replace a critically flawed capacity market structure that had led to severely 1 Docket No. ER21-502-000, New York Independent System Operator, Inc., 2021-2025 ICAP Demand Curve Reset Proposal (Nov. 30, 2020) (“NYISO Filing”). 2 IPPNY is a not-for-profit trade association representing the independent power industry in New York State. Its members include companies involved in the development and operation of electric generating facilities and the marketing and sale of electric power in New York.
    [Show full text]
  • Prologis Media Fact Sheet
    PROLOGIS MEDIA FACT SHEET Fourth Quarter 2016 www.prologis.com | NYSE: PLD About Prologis Global at a Glance (as of 12/31/2016) Prologis, Inc. is the global leader in logistics real estate with a focus on high- barrier, high-growth markets. As of December 31, 2016, the company owned or • $66 billion in total assets under had investments in, on a wholly owned basis or through co-investment ventures, management properties and development projects expected to total approximately 676 million • 676 million square feet (63 million square feet (63 million square meters) in 20 countries. Prologis leases modern square meters) owned, managed logistics facilities to a diverse base of approximately 5,200 customers across two or under development major categories: business-to-business and retail/online fulfillment. • 3,322 industrial properties across the Americas, Europe and Asia TM Local Partner to Global Trade • Properties in 20 countries around the world • 5,200 customers across a diverse range of industries U.S. Europe Asia • ~1,530 employees serving customers and investors 377 MSF 183 MSF 61 MSF 72% of NOI 17% of NOI 4% of NOI • A member of the S&P 500 • Named among the “Global 100 Other Americas Most Sustainable Corporations 55 MSF in the World” nine years running 7% of NOI Unique Business Model NOI by Business Segment Real Estate Strategic Capital Operations Capital Deployment 77% 72% 48% 52% 28% 23% U.S. Outside U.S. U.S. Outside U.S. U.S. Outside U.S. Pier 1, Bay 1, San Francisco, CA 94111 United States | +1 415 394 9000 | www.prologis.com | NYSE: PLD 4Q 2016 | PROLOGIS MEDIA FACT SHEET www.prologis.com | NYSE: PLD Our Leadership Top 20 Customers Comprise only 17.8% of Net Effective Rent of Total 5,200 Customers Hamid R.
    [Show full text]
  • About Prologis
    MEDIA FACT SHEET I Third Quarter 2018 About Prologis U.S. EUROPE ASIA 457 182 72 MSF MSF MSF 77% 13% 3% NOI NOI NOI OTHER AMERICAS 60 MSF 7% NOI Ahead of what’s next GLOBAL AT A GLANCE Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high- MSF MSQM growth markets. As of Sept. 30, 2018, the company owned or had investments in, on 771 / 71 owned, managed or under development a wholly owned basis or through co-investment ventures, properties and development projects across 771 million square feet (71 million square meters) in 19 countries. Prologis leases modern logistics facilities to a diverse base of approximately 5,500 customers. These $92 B 3,742 facilites assist the efficient distribution of goods for the world’s best businesses and brands. in total assets under industrial properties management across the Americas, Europe and Asia UNIQUE BUSINESS MODEL (%) 5,500 ~1,600 customers across colleagues serving Real Estate Strategic Capital a diverse range customers and Operations Capital Deployment of industries investors 77 74 S&P 500 Global 100 member “Most Sustainable 51 Corporations in the World” 49 9 years running 23 26 U.S. Outside U.S. U.S. Outside U.S. U.S. Outside U.S. Q3 2018 Supplemental Financial Report TOP 20 CUSTOMERS SELECT AWARDS AND RECOGNITION Comprise 19.4% of Net Effective Rent (%) • Included in 2018 Dow Jones Sustainability North America (Prologis), Asia Pacific (Nippon Prologis REIT) Amazon.com 3.3 and MILA Pacific Alliance (FIBRA Prologis) Indices DHL 1.4 • 8 GRESB Green Stars:
    [Show full text]
  • In Memoriam : Richard Nelson Frye
    In Memoriam : Richard Nelson Frye Professor Emeritus, Harvard University Faculty of Arts and Sciences March 29th, 2014 Afshin Zand Co-author, friend and former student In a career that spanned over six decades at Harvard University Richard Frye took upon himself to master the various disciplines necessary for a broad view of the field, which today would ordinarily be the task of several scholars. He came aptly to be regarded among scholars as dean of the world’s Iranists. His books and articles are established as references on the subject of Iranian history and culture. He came to be known among friends and colleagues as Frye. He passed away at home on Thursday March 27th, 2014. His will for years has been to be buried in Iran, as stated in his CNN interview, and in the past few weeks he further emphasized that to me. His wish for Iran, which he related to me repeatedly during the past thirty years, was to see once again the open press, the liberal exchange of ideas, the freedom of expression in Iran leading to the emergence of a free and open society. This, he would remind us, occurred in the period from the end of WWII to 1953, when Mosaddeq was overthrown and the Shah began to rule dictatorially, not just reign. It also occurred prior to and during the Constitutional Revolution of 1906. He was sure that this state of events is going to come about again. It is in the natural course of history. While a scholar of the history of the millennia, his own life and times constitute a history of our times.
    [Show full text]
  • Northern & Central New Jersey Industrial Report
    2Q2016 Northern & Central New Jersey Industrial Report 48-50 Station Road, Cranbury Leased by Wayfair.com 2Q2016 Overview Industrial Report Overview Prologis CEO Hamid Moghadam said in their Q2 earnings call, “the big drivers of [warehouse] demand are consumption fueled by e-commerce and reconfiguration of the supply chain. Those are the real biggies now that global trade has reached the saturation point.” One change in supply chain logistics is the opening of a third set of locks at the Panama Canal. On June 26th, the new locks were opened, which allows ships as large as 13,000 TEU’s (twenty-foot equivalent units) through the canal. The first ship to visit any East Coast port after passing through the new locks was the MOL Benefactor, a 10,100 TEU ship, which docked at GCT USA in Bayonne. The average vessel size calling on Port of New York/New Jersey today is 5,000 TEU’s. Currently, at the Port of New York/ New Jersey, the neo Panamax ships can only call on GCT USA . At the end of 2017, once the Bayonne Bridge is raised, Port Newark and Port Elizabeth will also be able to handle the larger ships. The flow of goods through the port will be a function of the state of the economy. In June, the Federal Reserve kept interest rates steady in a sign that the economy was not ready to absorb a rate hike in part due to Brexit, the United Kingdom referendum on leaving the European Union, which caused some uncertainty in the markets.
    [Show full text]
  • About Prologis
    MEDIA FACT SHEET I Second Quarter 2018 About Prologis U.S. EUROPE ASIA 376 180 70 MSF MSF MSF 71% 16% 4% NOI NOI NOI OTHER AMERICAS 59 MSF 9% NOI Local Partner to Global Trade™ GLOBAL AT A GLANCE Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, MSF MSQM high-growth markets. As of June 30, 2018, the company owned or had investments in, 685 / 64 owned, managed or under development on a wholly owned basis or through co-investment ventures, properties and development projects across 685 million square feet (64 million square meters) in 19 countries. Prologis leases modern logistics facilities to a diverse base of approximately 5,000 customers. These $81 B 3,278 facilites assist the efficient distribution of goods for the world’s best businesses and brands. in total assets under industrial properties management across the Americas, Europe and Asia UNIQUE BUSINESS MODEL (%) 5,000 ~1,600 customers across colleagues serving Real Estate Strategic Capital a diverse range customers and Operations Capital Deployment of industries investors 71 75 60 S&P 500 Global 100 member “Most Sustainable Corporations in the World” 40 9 years running 29 25 U.S. Outside U.S. U.S. Outside U.S. U.S. Outside U.S. TOP 20 CUSTOMERS SELECT AWARDS AND RECOGNITION Comprise 17.3% of Net Effective Rent (%) • 2018 Gold Level Green Lease Leader • 2018 International Association of Business Amazon.com 3 .0 Communication Gold Quill Award DHL 1 .4 • Included in 2017 Dow Jones Sustainability North XPO Logistics 1 .2 America (Prologis), Asia
    [Show full text]
  • THE IRANIAN AMERICANS” PREMIERES TUESDAY, DECEMBER 18, 9:30 PM ET/PT (Check Local Listings) on PBS
    “THE IRANIAN AMERICANS” PREMIERES TUESDAY, DECEMBER 18, 9:30 PM ET/PT (Check local listings) ON PBS NEW YORK (September 2012) – PBS announced today the premiere of THE IRANIAN AMERICANS, new documentary by Emmy® Award-winning filmmaker Andrew Goldberg. The program airs Tuesday, December 18, 2012, 9:30-10:30 p.m. ET/PT (check local listings) on select PBS stations. Filmed around the United States – from Los Angeles to Washington, DC – THE IRANIAN AMERICANS chronicles the underreported history of a group of immigrants finding refuge, overcoming adversity and ultimately creating new lives in the United States. Even though Iran is in the news virtually every day, many Americans have little knowledge of the story of the hundreds of thousands of Iranians who live in the U.S. The special is presented by the network’s flagship station in Greater Los Angeles and Southern California, PBS SoCaL. As THE IRANIAN AMERICANS shows, the Iranians’ story begins more than two millennia ago in the Middle East, in a land that came to be called Persia. They built an empire that stretched from North Africa to India, from the Caspian to the Red Sea. A people of diverse ethnicities and faiths, they developed rich traditions that endured centuries of migrations and conquests. In the second half of the 20th century, the nation, now known as Iran, was racked by political and religious upheaval, leading ultimately to revolution. In 1979, the revolution thrust Ayatollah Khomeini into power, beginning an era when dissent was not tolerated. Tens of thousands of Iranians left their homeland for the United States, a country they would come to call home.
    [Show full text]