Company: PLDGP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000950170-25-021272
Chunk: 235

Company: Prologis, Inc.
Filing Date: 2025-02-14
Form: 10-K
Item: Item 1
Chunk 235
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)
         
        15.1%
         
        15.1%

        523,204

        595,920

        Prologis Japan Core Logistics Fund ("PJLF") (5)
         
        16.3%
         
        16.3%

        45,976

        45,736

        Prologis China Core Logistics Fund, LP (“PCCLF”)
         
        15.5%
         
        15.5%

        89,551

        80,229

        Prologis China Logistics Venture I, LP, II, LP and III, LP     (“Prologis China Logistics Venture”) (3)
         
        15.0%
         
        15.0%

        54,660

        122,554

        Total

        $
        9,274,762

        $
        8,379,265

       (1)At December 31, 2024, we owned 555.2 million units of FIBRA Prologis that had a closing price of Ps 57.91 ($2.82) per unit on the Mexican Stock Exchange. We have granted FIBRA Prologis a right of first refusal with respect to stabilized properties that we plan to sell in Mexico. (2)In 2024, FIBRA Prologis completed tender offers to acquire 89.9% of Terrafina, a Mexican FIBRA, through a combination of stock and cash, and began consolidating Terrafina, which owned a portfolio of 40.8 million square feet of industrial real estate properties at December 31, 2024. As a result, our ownership interest in FIBRA Prologis decreased to 34.6% at December 31, 2024.(3)We have one partner in each of these co-investment ventures.(4)At December 31, 2024, we owned 0.4 million units of NPR that had a closing price of ¥222,900 ($1,420) per share on the Tokyo Stock Exchange. For any properties we develop and plan to sell in Japan, we have committed to offer those properties to NPR if we determine the properties meet NPR’s investment objectives.(5)At December 31, 2024, and 2023, we had receivables from NPR and PJLF of $146.1 million and $161