These New York Yankees statements are not guarantees

These reviews aj burnett statements are autographed baseball reasons not guarantees of futureperformance and involve certain risks, uncertainties and assumptions that aredifficult to predict.Although we believe the expectations reflected in anyforward-looking statements are based on reasonable assumptions, we can give noassurance that our expectations will be attained and therefore, actualoutcomes and results may differ materially from what is expressed orforecasted in such forward-looking statements. Words such as "expects," "anticipates," "intends," "plans," "believes,""seeks," "estimates," variations of such words and similar expressions areintended to identify such forward-looking statements, which generally are nothistorical in nature.All statements that address operating performance,events or developments that we expect or anticipate will occur in the future -including statements relating to rent and occupancy growth, developmentactivity and changes in sales or contribution volume of developed properties,general conditions in the geographic areas where we operate and theavailability of capital in existing or new property funds - areforward-looking statements. These forward-looking statements are based on current expectations, estimatesand projections about the industry and markets in which ProLogis operates,management's beliefs and assumptions made by management, they involveuncertainties that could significantly impact ProLogis' financial results. The companyleases its industrial facilities to more than 4,500 customers, includingmanufacturers, retailers, transportation companies, third-party logisticsproviders and other enterprises with large-scale distribution needs. Foradditional information about the company, go to statements above that are not historical facts are forward-lookingstatements within the meaning of Section 27A of the Securities Act of 1933, asamended, and Section 21E of the Securities Exchange Act of 1934, as amended. The company will host a webcast/conference call on Thursday, July 23,2009, at 10:00 a.m.

Eastern Time.The live webcast and replay will beavailable on the company's website at , apodcast of the company's conference call will be available on the company'swebsite as well as on the REITCafe website located at ProLogisProLogis is a leading global provider of distribution facilities, with morethan 475 million square feet of industrial space owned and managed (44 millionsquare meters) in markets across North America, Europe and Asia alex rodriguez . "As we work through the remaining asset sales andcontributions, as well as additional activities related to our debtinstruments, it is probable that additional gains and charges will be realizedin 2009."The company also provided adjusted guidance for 2009 net earningsof $1.10 to $1.20 per diluted share after including the impairments and othercharges reported in the second quarter.Copies of ProLogis' second quarter 2009 supplemental information will beavailable from the company's website at in the "Annual& Supplemental Reports" section before open of market on Thursday, July 23,2009 autographed bats . "With $976 million of sales andcontributions completed year to date, we have made excellent progress and areon track to achieve this goal by the end of 2009." "We established a guidance range for 2009 FFO of between $1.31 and $1.48 perdiluted share during our first quarter conference call.We believe this rangeis still appropriate when FFO is adjusted for the significant non-cash itemsand other non-recurring charges that have been, and may be, incurred in 2009,"noted Sullivan baseball simulation . Commentary on GuidanceDuring the second quarter, ProLogis completed gross asset sales andcontributions of $840 million, generating $783 million of net proceeds afterfund and joint venture co-investments.These transactions included thepreviously announced sale of North American assets, European property fundcontributions and the sale of an asset in Japan."Earlier in the year, weoutlined our expectation for a total of $1.5 - $1.7 billion of contributionsand asset sales, excluding the sale of our China operations and our propertyfund interests in Japan," Antenucci said baseball tickets . The amended line will have a three-year maturity from the date of closing.Accelerated Development Portfolio LeasingThe company's static development portfolio (in place at December 31, 2008) was54.1 percent leased at the end of the second quarter, up from 46.4 percent atMarch 31, 2009, an increase of nearly 800 basis points."During the quarter,leasing in our development portfolioexceeded our expectations, given thedifficult environment.As a result, we remain comfortable with our goal ofachieving leasing of 60 - 70 percent in our static development portfolio bythe end of 2009," said Ted R Antenucci, president and chief investmentofficer. ProLogis has exercised its extension option on the existingcredit facility to October 6, 2010 and has secured written commitments ofapproximately $2.0 billion for its amended credit facility.The company isawaiting receipt of between $100 and $300 million in additional commitments.All commitments will be subject to the execution of definitive documentation.

"Contributing to the de-levering process during thequarter was the repurchase of $816.2 million of notional debt at a discount,resulting in $143.3 million in gains from early extinguishment of debt."In other direct debt-related activity, ProLogis successfully completed $391.7million of secured financings during the quarter.The company also has madesignificant progress on the extension and amendment of the company's existing$3.64 billion Global Senior Credit Facility, originally scheduled to mature onOctober 6, 2009 alex rodriguez bio . Including development portfolio assets, same-store netoperating income for the period increased 2.7 percent.Recent pressure onmarket rents led to negative rent growth of 12.6 percent for the quarter onturnover of 19.1 million square feet (or 5.0 percent) of the adjustedsame-store pool autographed baseball . Balance Sheet Bolstered by Capital Markets Activity In November 2008, ProLogis outlined a series of actions to reduce direct debtby roughly $2 billion by the end of 2009 and to reduce risk in the company'sdevelopment portfolio and land bank autographed bats . Through a combination ofasset sales andfund contributions, a common equity offering, repurchases of debt at adiscount and reductions in business expenditures, the company has reduced itsdirect debt by $2.9 billion."We have substantially exceeded our 2009 de-levering goal and will continue tofocus efforts on further debt repayment through incremental asset sales andcontributions, which will be partially offset by funding the remaining costsassociated with our development activities," William E Sullivan, chieffinancial officer said . We also continue to see strong customer retention and sharplyreduced levels of new supply, with new development starts in the industry in2009 expected to be at the lowest level in over 25 years." ProLogis' same-store net operating income as adjusted (excluding same-storeassets associated with the company's development portfolio) decreased 0.4percent, primarily reflecting occupancy declines, offset by reduced rentalexpenses due to decreases in property taxes and bad debt expense when comparedwith the prior year. Our non-developmentportfolio was 92.5 percent leased at the end of the second quarter,representing a decline of approximately 50 basis points from 93.0 percent atMarch 31, while the decrease in the previous quarter was approximately 170basis points. "However, we are seeing some improvement, as therate of decline in occupancies appears to be leveling off.