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| Prologis Trust Commercial/Industrial REIT 10Q Period End 09/30/2007 |
Copyrights 2006-2007 SGM Publishing |
| Update 1/9/2008 |
ProLogis operates as a real estate investment trust in the United States. It owns,
operates, and develops industrial distribution properties in North America, Europe, and
Asia. The company operates in three segments: Property Operations, Fund Management,
and Corporate Distribution Facilities Services (CDFS). The Property Operations segment
engages in the ownership, management, and leasing of industrial distribution and retail
properties. As of December 31, 2005, this segment consisted of 1,461 operating
properties with approximately 186.7 million square feet. The Fund Management segment
provides investment management services for unconsolidated property funds and other
properties. As of the above date, this segment had investments in approximately 14
property funds. The CDFS segment primarily develops properties that are contributed to
a property fund or sold to third parties. This segment also engages in commercial
mixed-use development activities, such as selling the land or completed projects to third
parties. As of the above date, this segment had approximately 72 distribution properties.
As a REIT, the company would not be subject to federal tax to the extent that it distributes
at least 90% of its taxable income to its shareholders. It has a strategic cooperation
agreement with China National Materials Storage & Transportation Co. and Zhongchu
Development Stock Co., Ltd. to develop logistics and storage markets. ProLogis was
founded as Security Capital Industrial Trust in 1991 and changed its name to ProLogis
Trust in 1998. Subsequently, it changed its name to ProLogis. The company is
headquartered in Denver, Colorado.
operates, and develops industrial distribution properties in North America, Europe, and
Asia. The company operates in three segments: Property Operations, Fund Management,
and Corporate Distribution Facilities Services (CDFS). The Property Operations segment
engages in the ownership, management, and leasing of industrial distribution and retail
properties. As of December 31, 2005, this segment consisted of 1,461 operating
properties with approximately 186.7 million square feet. The Fund Management segment
provides investment management services for unconsolidated property funds and other
properties. As of the above date, this segment had investments in approximately 14
property funds. The CDFS segment primarily develops properties that are contributed to
a property fund or sold to third parties. This segment also engages in commercial
mixed-use development activities, such as selling the land or completed projects to third
parties. As of the above date, this segment had approximately 72 distribution properties.
As a REIT, the company would not be subject to federal tax to the extent that it distributes
at least 90% of its taxable income to its shareholders. It has a strategic cooperation
agreement with China National Materials Storage & Transportation Co. and Zhongchu
Development Stock Co., Ltd. to develop logistics and storage markets. ProLogis was
founded as Security Capital Industrial Trust in 1991 and changed its name to ProLogis
Trust in 1998. Subsequently, it changed its name to ProLogis. The company is
headquartered in Denver, Colorado.
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