PROLOGIS 2011 ANNUAL REPORT

FINANCIAL
HIGHLIGHTS

FFO PER SHARE & UNIT (DILUTED)

Financial Highlights - PROLOGIS FFO PER SHARE & UNIT (DILUTED)

AMB and Prologis completed the merger (the "Merger") on June 3, 2011. As Prologis was the accounting acquirer in the Merger, revenue, FFO per share and earnings per share presented in this Annual Report reflect such measures for legacy ProLogis for the full-year 2009, 2010 and through the date of the Merger and for the combined company from the date of the Merger going forward. Relative to the financial information, please see Prologis' Annual Report on form 10-K for the year ended December 31, 2011.