Company Profile For AMB Property Corporation

AMB Property Corporation (AMB.N) (New York Stock Exchange)
sector: Financials · industry: REIT - Residential & Commercial ·
As of  30 Nov 2009
23.55USD
Price Change
+0.84
Percent Change
+3.70%
 
 
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Overview

AMB Property Corporation (AMB) is a self-administered and self-managed real estate investment trust. The Company’s acquires, develops and operates industrial properties in distribution markets tied to global trade in the Americas, Europe and Asia. As of December 31, 2008, the Company owned, or had investments in, on a consolidated basis or through unconsolidated co-investment ventures, properties and development projects expected to total approximately 160 million square feet (14.9 million square meters) in 49 markets within 15 countries. The Company’s operates its business primarily through its subsidiary, AMB Property, L.P. (operating partnership). As of December 31, 2008, it owned an approximate 96.6% general partnership interest in the operating partnership, excluding preferred units. On July 18, 2008, the Company, through its affiliate, acquired the remaining 42% interest in G. Accion, S.A. de C.V.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, AMB Property Corporation's revenues decreased 12% to $471.2M. Net loss from continuing operations applicable to Common totaled $134.3M vs. an income of $123.7M. Revenues reflect a decrease in rental and private capital revenues. Net loss reflects an increase in property operating costs, the presence of real estate impairment losses and the presence of restructuring charges.

Company Address

AMB Property Corporation
Pier 1, Bay 1
San Francisco   CA   94111
P: +1415.3949000
F: +1415.3949001

Total Employees

645

Find Out More About AMB.N

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