FDX · News · 20260807N

Acquisition / Partnership / Divestiture

FEDEX CORP · 2026-08-07 · Importance 34 · Surprise 42

FedEx acquired its long-standing warehouse in South San Francisco from Sagard Real Estate for $94 million. The property purchase was the largest industrial real-estate transaction in the region during the last quarter. The acquisition secures FedEx’s continued control of a facility it had previously occupied.

Key facts

• FedEx's title sponsorship contract for the FedEx St. Jude Championship expires in 2027. source
• FedEx COO Richard W. Smith reclassified 253,927 common shares previously linked to a family holding company so they are no longer deemed his beneficial ownership, leaving the family holding company position showing zero beneficially owned shares. source
• After the reporting change, Richard W. Smith directly holds 113,629 shares and indirectly holds 79,600 shares through family trusts. source