ProLogis then collects fees of 0.75% of revenue for managing the fund and the building.
Other large owners of Mexican border warehouses include U.S. real-estate investment trust Prologis Inc.
ProLogis, Inc. (NYSE:PLD) is one of the few REITs not waiting for a ruling.
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ProLogis is the only one scoring a positive number, and it's a low one at that, 0.3% annually.
ProLogis also has blazed past two other REITs that mix warehouses with office holdings, Duke Realty and Liberty Property.
Prologis plans to equip 10% of its 600 million square feet of industrial roof space with solar photovoltaic panels.
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"That leads to more business for us, " says Jeffrey Schwartz, chief executive of ProLogis, a warehouse REIT out of Denver.
That international reach has helped make ProLogis the leader in its field.
One financial innovation that ProLogis pioneered and that other industrial REITs are copying is to bring in equity partners to bolster their finances.
On Oct. 23, Prologis Inc. reported results for the third quarter 2012, the first period of year-over-year comparable results for the combined company.
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The 1, 575 warehouse and distribution centers owned by Prologis Trust, of Denver, in North America and Europe seldom top two stories, but exude sky-high promise.
ProLogis plans to expand use of these vehicles in the future.
Right now the partnerships represent 45.5% of ProLogis' assets under management.
Analyst sentiment about Prologis has waned during the last three months.
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.
The deal entitled Security Capital shareholders to cash and fractional shares of ProLogis (nyse: PLD - news - people ), an Aurora, Co.
Among the largest underlying components of VNQ, in trading today Public Storage ( PSA) is up about 0.7%, and Prologis Incorporated ( PLD) is lower by about 0.2%.
With properties in 19 nations, including the U.S., China and France, ProLogis acts as a one-stop shop for multinational tenants reluctant to deal with dozens of industrial landlords.
Manager Steven Buller concentrates on just ten REIT stocks, among them two from the industrial sector, which has held up relatively well (11% vacancy rate): Prologis Trust and Centerpoint Properties Trust.
Pier 1, home to real estate firm Prologis, Inc.
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ProLogis also has blazed past two other REITs that mix warehouses with office holdings, Duke Realty (nyse: DREPRD - news - people ) and Liberty Property.
Analysts are projecting Prologis to come in with earnings of 43 cents per share, down 2.3% from a year ago when it reported earnings of 44 cents per share.
While the REIT's stock is in the doldrums, keep in mind that eight-year-old Prologis boasts a profitable history of selling older properties and using the recycled capital on new ventures.
That said, at least one chief executive, Jeff Schwartz of ProLogis, a Denver-based distributing company who also sponsored the event, thinks the political access at convention functions is a good thing.
The dividend yield of Prologis Inc. stocks is 2.84%.
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This might look an awful lot like self-dealing, but Schwartz keeps investors satisfied by making sure the buildings are independently appraised and keeping a piece of each fund to align ProLogis' interests with theirs.
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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