LogiReal News Portal

- New Date and Time for Conference Call -
- Key Industrial Indicators Showing Improvement -
- Dispositions Ahead of Plan; Support Enhanced Portfolio Quality and Concentration in Major Logistics Corridors -
- Company Provides Dividend and 2011 FFO Outlook -

ProLogis (NYSE: PLD), the leading global provider of distribution facilities, today reported third quarter 2010 funds from operations as defined by ProLogis (FFO), excluding significant non-cash items, of $0.22 per diluted share. Of this amount, approximately $0.07 related to gains from disposition activity and $0.15 per diluted share was from core operations. FFO, including significant non-cash items of $0.01, was $0.21 per diluted share.

AMB Property Corporation® (NYSE: AMB) a leading owner, operator and developer of global industrial real estate, today announced leases in Brazil totaling 563,100 square feet (52,310 square meters) including a 404,200 square foot (37,550 square meter) build-to-suit with a leading global logistics company. A second customer signed a lease for 158,900 square feet (14,760 square meters) in the adjacent building to be used for dedicated distribution and logistics activities.

Commercial warehousing revenue in the United States will reach $50 billion this year according to a new report by Armstrong & Associates, Inc.  Contract and public warehousing combined are expected to exceed 2008 revenues by 2% after declining in 2009.  The contract and public commercial warehousing market now constitutes 45% of the total U.S. market. 

Jones Lang LaSalle announced that Navistar, Inc. (NYSE: NAV) will move its Midwest parts-distribution operations from West Chicago to an 860,100-square-foot industrial building in Joliet’s Cherry Hill Business Park.