Over a three-year period ProLogis has outperformed peers with an annual return of 33.8%, versus 30% for AMBProperty and 23.4% for First Industrial Realty Trust.
But in an encouraging development, West Coast real estate firm AMBProperty just became one of the few U.S. companies (along with Boeing and Winn-Dixie Stores) to deduct the expense.
Prologis Inc. formerly known as AMBProperty 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.