ProLogis Declares Dividends on Preferred Shares

DENVER, Sept. 2 /PRNewswire-FirstCall/ -- ProLogis (NYSE: PLD), the
world's largest owner, manager and developer of distribution facilities,
announced today that its Board declared a dividend in the amount of $1.0675
per Cumulative Redeemable Series C preferred share, payable on September 30,
2008, to shareholders of record on September 16, 2008. Series C preferred
share dividends are cumulative and payable quarterly at an annualized rate of
$4.27 per share.
ProLogis' Board also declared a dividend of $0.4219 per Cumulative
Redeemable Series F preferred share, payable on September 30, 2008, to
shareholders of record on September 16, 2008. Series F preferred share
dividends are cumulative and payable quarterly at an annualized rate of
$1.6875 per share.
In addition, ProLogis' Board declared a dividend of $0.4219 per Cumulative
Redeemable Series G preferred share, payable on September 30, 2008, to
shareholders of record on September 16, 2008. Series G preferred share
dividends are cumulative and payable quarterly at an annualized rate of
$1.6875 per share.
About ProLogis
ProLogis is the world's largest owner, manager and developer of
distribution facilities, with operations in 132 markets across North America,
Europe and Asia. The company has $40.4 billion of assets owned, managed and
under development, comprising 542.3 million square feet (50.4 million square
meters) in 2,884 properties as of June 30, 2008. ProLogis' customers include
manufacturers, retailers, transportation companies, third-party logistics
providers and other enterprises with large-scale distribution needs.
Headquartered in Denver, Colorado, ProLogis employs more than 1,500 people
worldwide.
SOURCE ProLogis

Robbin Lee of ProLogis, +1-303-567-5690, rlee@prologis.com