Item 7.01. Regulation FD Disclosure


On May 28, 2021, our chief executive officer and chairman of the board, Hamid R.
Moghadam, adopted
a pre-arranged
10b5-1 plan
and letter of instructions (collectively, the "Plan") relating to the conversion
of 315,230 LTIP units (the "LTIP Units") of Prologis, L.P. (the "Operating
Partnership"), the redemption (the "Redemption") of the common limited
partnership units of the Operating Partnership received upon conversion of LTIP
Units and the sale of the underlying shares of our common stock, if any, that
may be issued to settle the Redemption in accordance with the Thirteenth Amended
and Restated Partnership Agreement of the Operating Partnership, as amended. The
Plan was adopted in accordance with guidelines specified under
Rule 10b5-1
of the Securities Exchange Act of 1934, as amended, and our policies regarding
stock transactions. Up to 315,230 shares of our common stock (that may be
received upon Redemption, if any) may be sold under Mr. Moghadam's Plan. All
transactions under his Plan will be disclosed publicly in filings with the U.S.
Securities and Exchange Commission.
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