Company Profile For ProLogis

ProLogis is a self-administered and self-managed real estate investment trust (REIT) that owns, operates and develops real estate properties, primarily industrial properties, in North America, Europe and Asia (directly and through its unconsolidated investees). It operates in two business segments: Direct Owned and Investment Management. The direct owned segment represents the long-term ownership of industrial properties. The investment management segment represents the investment management of unconsolidated property funds and certain joint ventures and the properties they own. In February 2009, it closed the sale of its operations in China and property fund interests in Japan to affiliates of GIC Real Estate. Its direct owned segment focuses primarily on the ownership and leasing of industrial and retail properties in key distribution markets. As of December 31, 2008, the Company had investments in and advances to 17 property funds with ownership interests ranging from 20 % to 50 %.

BRIEF: For the nine months ended 30 September 2009, ProLogis's revenues decreased 76% to $973.7M. Net income from continuing operations applicable to Common decreased 57% to $173.4M. Revenues reflect a decrease in rental income and the absence of revenue from acquired property portfolios. Net income was partially offset by decreased rental expenses, lower investment management expenses and decreased general & administrative expenses.