Company: PLDGP
Filing Date: 2025-10-03
Form Type: 424B3
Source: 0001104659-25-096724
Chunk: 8

Company: Prologis, Inc.
Filing Date: 2025-10-03
Form: 424B3
Chunk 8
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 distribution from the Operating Partnership to the partners in the Operating Partnership and before the record date established by us for a distribution to our common stockholders of some or all of its portion of such distribution; and • the consummation of any redemption or exchange will be subject to the expiration or termination of any waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. Comparison of Ownership of Common Limited Partnership Units and Common Stock Generally, the nature of an investment in our common stock is similar in several respects to an investment in common limited partnership units of the Operating Partnership. Holders of common stock and holders of common limited partnership units generally receive the same distributions and stockholders and holders of common limited partnership units generally share in the risks and rewards of ownership in the enterprise being conducted through the Operating Partnership. However, there are also differences between ownership of common limited partnership units and ownership of common stock, some of which may be material to investors. The information below highlights a number of the significant differences between us and the Operating Partnership relating to, among other things, form of organization, management control, voting rights, liquidity and federal income tax considerations. These comparisons are intended to assist limited partners in understanding how their investment will be changed if they exchange their common limited partnership units or performance units, as applicable, for shares of our common stock. This discussion is summary in nature and does not constitute a complete discussion of these matters, and holders of common limited partnership units should carefully review the rest of this prospectus supplement and the accompanying prospectus, including the information in the accompanying prospectus under the headings “Description of Common Stock,” “Restrictions on Ownership and Transfer of Capital Stock” and “Certain Provisions of Maryland Law and of Our Charter and Bylaws,” and the documents we incorporate by reference, particularly our charter, our bylaws and the partnership agreement of the Operating Partnership, for additional important information about us and the Operating Partnership.

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 ​ | Prologis, L.P.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
 Form of Organization and Assets Owned                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
 The Operating Partnership is organized as a Delaware limited partnership. The Operating Partnership and its subsidiaries own substantially all of our assets and conducts substantially all of our business. The Operating Partnership’s purpose is to conduct any business that may be lawfully conducted by a limited partnership organized pursuant to the Delaware Revised Uniform Limited Partnership Act, provided that the Operating Partnership must conduct its business in a manner that permits us to be qualified as a REIT unless