Prologis appoints Sarah Slusser to its board of directors

SAN FRANCISCO - Prologis, Inc. (NYSE: PLD), a global leader in logistics real estate with a market capitalization of nearly $100 billion, has expanded its board with the election of energy veteran Sarah Slusser. The announcement came during the company’s annual stockholder meeting today. According to InvestingPro, Prologis maintains a strong financial health score and stands as a prominent player in the Industrial REITs industry. Slusser, who currently serves as CEO of Cypress Creek Renewables, will join Prologis’ Governance and Nomination committee.

With a career spanning more than 30 years in the energy sector, Slusser has held various leadership roles, including renewable development, corporate mergers and acquisitions, and executive management. Her experience includes founding Point Reyes Energy Partners LLC and co-founding GeoGlobal Energy LLC. She also spent two decades at The AES Corporation, leading their global M&A group.

Hamid R. Moghadam, Prologis’ co-founder, chairman, and CEO, expressed confidence in Slusser’s addition to the board, citing her operational and strategic expertise in energy as vital for the company’s growth and expansion of energy solutions for customers globally.

Slusser herself remarked on the significance of joining Prologis’ board, acknowledging the company’s influential role in transforming global supply chains and sustainability efforts. She expressed enthusiasm for contributing to Prologis’ continued innovation and growth. The company has demonstrated strong shareholder commitment, maintaining dividend payments for 15 consecutive years with a current yield of 3.85%. InvestingPro analysis reveals 8 additional key insights about Prologis’ performance and prospects.

This appointment reflects Prologis’ commitment to integrating energy innovation into its operations. The company, known for creating intelligent infrastructure that facilitates global commerce and connects the digital with the physical world, emphasizes the importance of agile supply chains and clean energy solutions. Trading at a P/E ratio of 26.2, Prologis currently sits above its InvestingPro Fair Value. Investors seeking deeper insights can access comprehensive analysis through the Pro Research Report, available exclusively on InvestingPro.

The information for this article is based on a press release statement from Prologis, Inc.

In other recent news, ProLogis reported its first-quarter 2025 earnings, revealing a slight miss on earnings per share (EPS) expectations with actual EPS at $0.63 compared to a forecast of $0.64. However, the company surpassed revenue expectations, bringing in $2.14 billion against the anticipated $1.96 billion. ProLogis also reported a core Funds From Operations (FFO) of $1.42, exceeding both Evercore ISI’s estimate of $1.37 and the consensus of $1.38, due to lower General & Administrative expenses and higher development and management income. Analysts from UBS and Evercore ISI have both set a price target of $106 for ProLogis, with UBS maintaining a Buy rating and Evercore ISI assigning an In Line rating. Despite the strong revenue performance, ProLogis has adjusted its capital deployment guidance, including a reduction in development starts and stabilizations, reflecting ongoing uncertainty in the market. The company has maintained its full-year 2025 core FFO guidance range of $5.65 to $5.81 per share. ProLogis noted a decline in demand since the announcement of tariffs, with leasing activity down by 20%, leading management to maintain the FFO guidance for the year. The average occupancy rate for the company’s properties decreased to 95.2%, aligning with expectations amidst a stressed environment.

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