Over a three-year period ProLogis has outperformed peers with an annual return of 33.8%, versus 30% for AMB Property and 23.4% for First Industrial Realty Trust.

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But in an encouraging development, West Coast real estate firm AMB Property just became one of the few U.S. companies (along with Boeing and Winn-Dixie Stores) to deduct the expense.

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Prologis Inc. formerly known as AMB Property Corporation is a Maryland corporation, commenced operations as a fully integrated real estate company effective with the completion of its initial public offering on November 26, 1997.

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Over a three-year period ProLogis has outperformed peers with an annual return of 33.8%, versus 30% for AMB Property and 23.4% for First Industrial Realty Trust (nyse: FRPRC - news - people ).

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