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2006 HIGHLIGHTS |
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Grew ProLogis’ defined funds
from operations per share, as adjusted, (FFO) to $3.70, up 36.5%
from $2.71 in 2005, and net earnings per diluted share to $3.32,
up 88.6% from $1.76 in 2005 |
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Achieved total shareholder
return of 34.0%, including share price appreciation and dividends |
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Increased dividend for the
13th consecutive year
to a projected rate of $1.84 per share for 2007,
a 15.0% increase |
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Grew total assets owned and
under management by 20.6%, to $26.71 billion, up from $22.14
billion at the end of 2005 |
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Recognized $131.2 million
in incentive returns in our property fund business through the
successful launch of ProLogis European Properties (Euronext:
PEPR) and the formation of ProLogis North American Industrial
Fund |
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Increased management fees
by 216.6% within our property fund business, including incentive
returns, and grew our share of property fund FFO by 32.9% |
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Achieved record leasing of
102 million square feet of space in global markets, an increase
of 7.7% over 2005 |
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Redeployed $1.53 billion of
capital from the company’s CDFS pipeline, realizing $326.9 million
of FFO, up 40.1% from 2005 |
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Began development of a record
$2.54 billion of new facilities, up 18.1% over 2005 |
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Recognized $106.3 million
of FFO from other CDFS activities, largely related to mixed-use
initiatives and development management fees |
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