SAN FRANCISCO-The board of directors of Prologis, Inc. has approved a plan to raise the company's annualized dividend level by 18% to $1.32 per share of common stock. The board declared a regular cash dividend for the quarter ending March 31, 2014 on the following securities:

* A dividend of $0.33 per share of the company's common stock,
representing an increase of $0.05 per share over the December 2013
quarterly common stock dividend, which will be payable on March 31, 2014
to common stockholders of record at the close of business on March 12,
2014; and
* A dividend of $1.0675 per share of the company's 8.54% Series Q
Cumulative Redeemable Preferred Stock, which will be payable on March
31, 2014 to Series Q stockholders of record at the close of business on
March 19, 2014.

"This increase in our common stock dividend represents a significant milestone for Prologis, as it underscores our confidence in the future," said Hamid Moghadam, chairman and CEO, Prologis. "The combination of recovery in rents, value creation from development activity and efficiencies arising from our expanding scale,positions us well for an extended period of substantial earnings growth."