A
YEAR OF
MILESTONES

AMB Property Corporation® is a leading owner, operator and developer of global industrial real estate focused on the world's busiest distribution markets in the Americas, Europe and Asia.

UTILIZING ASSETS

Further proving out the advantages of our infill strategy, we increased occupancy in our operating portfolio to 93.7% and leased a record 37.7 million square feet of space. In addition, we saw significant leasing interest in our new development starts in China and Brazil, which is allowing us to lease up those projects ahead of schedule.

OCCUPANCY IN OUR OPERATING PORTFOLIO

RECORD FUNDRAISING YEAR

AMB's private capital team raised a record $781 million of new third-party capital, a significant achievement in a difficult fundraising environment. Around the world, investors moved from the sidelines with the large global institutions in front of the curve.

RAISED A RECORD $781 MILLION OF NEW THIRD-PARTY CAPITAL

EMERGING GROWTH OPPORTUNITIES

We have entered the new year feeling optimistic about growing our business. To maintain and build upon the positive momentum from 2010, our three priorities for 2011 are to improve the utilization of our existing assets, continue to grow our private capital franchise and deploy capital globally as profitable opportunities emerge.

SEIZING OPPORTUNITIES IN 2011

A NEW ERA

AMB announced in January that we are merging with ProLogis. Our organizations are a great fit strategically, operationally, financially and culturally; each with a proven track record of operational excellence. By combining the strengths of our two global organizations, we will have the scale and platform necessary to continue building the leading global real estate company.

OF SOLID BUSINESS PERFORMANCE

STRENGTHENING FINANCIAL POSITION

We completed $4 billion of financing activity in 2010, which was a record for us. These transactions improved and extended the weighted average remaining life of the company's share of debt to 4.8 years at an average interest rate of 4.6 percent, and smoothed our maturity schedule.

AYEAR OFMILESTONES