PROLOGIS (PLD) [Rocket]

In millions, except per share items	Mar-31-11	Dec-31-10	Sep-30-10	Jun-30-10	Mar-31-10	Dec-31-09	Sep-30-09	Jun-30-09
	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q
Revenues:
Rental income	205.3		236.1	229.8	187.5		220.5	224.9
Property management and other fees and incentives	29.2		29.3	28.3	28.7		45.8	31.8
Development management and other income	4.3		4.8	2.6	1.1		3.0	1.8
Total revenues	238.8		270.1	260.7	217.3		269.3	258.5

Expenses:
Rental expenses	63.3		69.1	65.3	56.3		67.9	68.9
Investment management expenses	10.6		9.8	9.9	10.3		10.2	10.8
General and administrative	39.2	50.1	35.0	38.9	42.0	52.2	38.6	41.5
Reduction in workforce							0.4	6.9
Depreciation and amortization	82.7	52.6	93.5	87.5	75.2	43.6	79.6	76.9
Other expenses	4.7	2.0	5.4	4.6	4.3	4.6	8.4	4.6
Total expenses	206.4		215.7	206.6	188.0		251.4	293.8
Operating income (loss)	32.4	-752.2	54.4	54.1	29.3	-239.3	17.9	-35.3

Other income (expense):
Interest income	4.4				0.3
Interest expense	-90.6				-110.0
Impairment of goodwill and other assets		-412.7				-163.6
Other income (expense), net	-7.0	5.0	7.4	-1.4	-0.5	-36.2	-10.0	0.9
Net gains on dispositions of investments in real estate	3.7		35.9	11.0	11.8		13.6	7.9
Foreign currency exchange gains (losses), net	1.4	13.7	6.1	-7.2	3.7	-0.7	13.4	-9.0
Gain (loss) on early extinguishment of debt, net		-153.0	-1.8	1.0	-47.6	-1.0	12.0	143.3
Total other income (expense)	-74.4		-63.4	-112.3	-134.3		-49.9	78.7
Loss before income taxes	-42.0	-1,460.7	-8.9	-58.1	-105.1	-537.2	-32.0	43.4
Current income tax expense	5.5		5.5	0.6	9.8		-4.6	12.6
Deferred income tax expense (benefit)	0.9		2.0	-40.8	-1.6		-5.1	-8.8
Total income taxes	6.4	-5.9	7.5	-40.2	8.2	-3.5	-9.7	3.8
Tax rate		0.4%		69.2%		0.6%	30.3%	8.8%
Loss from continuing operations	-48.4		-16.4	-17.9	-113.3		-22.3	39.6

Discontinued operations:
Income attributable to disposed properties and assets held for sale	6.3		-0.1	0.3	20.6		2.8	8.9

Net gains on dispositions/impairment of properties:
Total discontinued operations	8.2	293.9	7.9	1.3	28.8	131.8	17.0	206.1
Consolidated net earnings (loss)	-88.6		-24.9	-34.5	-197.8		-27.6	245.7
Net earnings attributable to noncontrolling interests	-0.1	0.6	-0.2	-0.2	-0.3	-0.2	-0.2	-0.5
Net earnings (loss) attributable to controlling interests	-40.2	-1,160.9	-8.7	-16.8	-84.8	-402.0	-5.4	245.2
Less preferred share dividends	6.4		6.4	6.4	6.4		6.4	6.4
Net loss attributable to common shares	-46.6	-1,166.6	-15.1	-23.2	-91.1	-408.5	-11.8	238.9

Weighted average common shares outstanding - Basic	570.6	15.5	477.0	476.8	475.0	23.7	452.7	406.5
Weighted average common shares outstanding - Diluted	570.6	15.5	477.0	476.8	475.0	20.5	452.7	409.5

Net earnings (loss) per share attributable to common shares - Basic:
Continuing operations	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Discontinued operations	0.0	0.0	0.0		0.0	0.0	0.0	0.0

Net loss per share attributable to common shares - Basic	($0.08)		($0.03)	($0.05)	($0.19)		($0.03)	$0.59

Net earnings (loss) per share attributable to common shares - Diluted:
Continuing operations	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Discontinued operations	0.0	0.0	0.0		0.0	0.0	0.0	0.0
Net loss per share attributable to common shares - Diluted	($0.08)		($0.03)	($0.05)	($0.19)		($0.03)	$0.58

Distributions per common share	$0.11		$0.15	$0.15	$0.15		$0.15	$0.15