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PR News Wire (Free subscription) | 19/11/2008
ProLogis is the world's largest owner, manager and developer of distribution facilities, with operations across North America, Europe and Asia. The company has $40.8 billion of assets owned, managed and under development, comprising 548 million square feet (51 million square meters) in 2,898 facilities as of September 30, 2008. ProLogis' customers include manufacturers, retailers, transportation companies,...
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PR News Wire (Free subscription) | 19/11/2008
In support of the installation, the Agency for Natural Resources and Energy, an affiliated agency of Japan's Ministry of Economy, Trade and Industry, has granted a subsidy to offset a portion of the project's cost. The grant is among many other recent government actions in support of growing the use of renewable energy in the country. "We are proud to work with the Agency on this project and we look...
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Denver Post (Free subscription) | 18/11/2008
Outgoing ProLogis chief executive Jeffrey Schwartz will receive at least $15.1 million in severance payments upon resigning after the company he guided lost more than 90 percent of its market value.
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The Jacksonville Business Journal (Free subscription) | 17/11/2008
It’s unclear how the development of Cecil Field will be affected by a potential developer’s financial difficulties. (PLD)
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The Denver Business Journal (Free subscription) | 13/11/2008
Wall Street rallied Thursday, with each of the major indices climbing at least 6.5 percent.
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Market Watch (Free subscription) | 13/11/2008
U.S. financial stocks dip modestly Thursday morning as broad but moderate losses among insurers and mortgage-related firms trump isolated outsized gains in real estate firms CB Richard Ellis and ProLogis and commercial finance firm CIT.
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Market Watch (Free subscription) | 13/11/2008
Shares of ProLogis gain 20% after the company’s new chief executive presented a plan to bolster liquidity at the real estate investment trust and delverage the balance sheet.
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Market Watch (Free subscription) | 13/11/2008
BOSTON (MarketWatch) -- Shares of ProLogis gained more than 30% in early trading Thursday as the company's management at an investor meeting said it plans to deleverage and strengthen the balance sheet. The stock lost 35% on Wednesday after the real estate investment trust cut its dividend and announced the resignation of its chief executive. "We believe these changes will help strengthen its balance...
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GASG (Free subscription) | 13/11/2008
Voltron says: General Growth Properties ( GGP ) may be bankrupt and is removed from the S&P 500 index. ProLogis ( PLD ) cuts it's dividend, CEO resigns. Both stocks are included in SRS . When the subprime lenders went down, they went one by one because Wall Street refused to acknowledge that THEY WERE ALL THE SAME. Same thing is happening here. GGP and PLD go down in isolation, is if they are messed...
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The Atlanta Business Chronicle (Free subscription) | 12/11/2008
Warehouse developer ProLogis, Atlanta’s largest industrial real estate investment trust, said Nov. 12 that its CEO Jeffrey Schwartz resigned and that it will cut jobs and delay future projects in response to the economy. (PLD)
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The Street (Free subscription) | 12/11/2008
We are not sure if other dividend cuts will be needed, but the reaction so far in the stock today may be saying we should expect further radical cost-savings.
