Company Profile

Prologis ((NYSE: PLD)

ProLogis (PLD – NYSE) is a real estate investment trust (REIT) that owns and operates the world’s largest portfolio of warehouses and distribution centers. The company has a notably strong environmental profile, with an emphasis on energy efficiency and green building. PLD owns almost 2,700 properties in 20 countries in North America (73 percent), Europe (19 percent) and Asia (8 percent ). In November 2007, PLD announced its first development in the Middle East (Dubai). Almost 80 percent of organic growth is outside of the U.S., and 80 percent of planned development spending is in international markets.

PLD’s global network of distribution centers allows the company to quickly respond to tenant needs resulting in a customer retention rate of 79 percent. The company’s international exposure insulates it from large swings in the domestic market and customers regularly request ProLogis enter new countries to meet their logistics needs.
Through its acquisition of Catellus (2005), PLD has gained an expertise in developing mixed-use projects on land requiring ecological cleanup. ProLogis develops urban infill, brownfield sites, old military bases, and industrial sites. It focuses on sustainable design features, open space, access to transportation, and LEED certification.
In December of 2007, PLD was named the UK’s “Best Overall Green Business of the Year,” actively reducing the impact of its business operations on the environment. PLD was also the first real estate company to join the Chicago Climate Exchange in 2007 and is a member of the US Green Building Council. PLD was honored as the “#1 Most Admired Real Estate Company” by Fortune in 2007. In early 2008, ProLogis was accepted as a partner in the U.S. Environmental Protection Agency’s Energy Star program. PLD has pledged its corporate operations will be carbon neutral for 2006 through 2010.

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