2.2.0.25falsefalse01110 - Disclosure - ProLogis Shareholders' Equitytruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010 USD ($) USD ($) / shares $FROM_Jan01_2010_TO_Dec31_2010http://www.sec.gov/CIK0000899881duration2010-01-01T00:00:002010-12-31T00:00:00USDStandardhttp://www.xbrl.org/2003/iso4217USDiso42170EPSDividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0SharesStandardhttp://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0us-gaap_StockholdersEquityNoteAbstractus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalseProLogis Shareholders' Equity [Abstract]3false0us-gaap_StockholdersEquityNoteDisclosureTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseverboselabel1falsefalsefalse0011.  ProLogis Shareholders' Equity: Shares Authorized At December 31, 2010, 750.0 million shares were authorized to be issued, of which 737.58 million shares represent common shares. The Board may, without shareholder approval, increase the number of authorized shares and may classify or reclassify any unissued shares of our shares from time to time by setting or changing the preferences, conversion or other rights, voting powers, restrictions, limitations as to distributions, qualifications and terms or conditions of redemption of such shares. Common Shares During the last two years, we completed two public offerings, both for $1.1 billion, and used the proceeds to repay borrowings under our credit facilities, repurchase portions of our senior notes and for general corporate purposes. On November 1, 2010, we completed a public offering of 92 million common shares at a price of $12.30 per share (“2010 Equity Offering”) and on April 14, 2009, we completed a public offering of 174.8 million common shares at a price of $6.60 per share (“2009 Equity Offering”). We sell and/or issue common shares under various common share plans, including share-based compensation plans as follows: •       1999 Dividend Reinvestment and Share Purchase Plan, as amended (the “1999 Dividend Reinvestment Plan”): Allows holders of common shares to automatically reinvest distributions and certain holders and persons who are not holders of common shares to purchase a limited number of additional common shares by making optional cash payments, without payment of any brokerage commission or service charge. Common shares that are acquired under the 1999 Dividend Reinvestment Plan through reinvestment of distributions are acquired at a price we determine ranging from 98% to 100% of the market price of such common shares. •       Controlled Offering Program: In March 2010, we entered into a new plan agreement that allows us to sell up to 48.1 million common shares, which includes 8.1 million common shares that remained unsold under our previous program, through two designated agents, who earn a fee of up to 2% of the gross proceeds, as agreed to on a transaction-by-transaction basis. There have been no common shares issued under the new plan.  •       The Incentive Plan and Outside Trustees Plan: Certain of our employees and outside trustees participate in share-based compensation plans that provide compensation, generally in the form of common shares. See Note 12 for additional information on these plans. •       ProLogis Trust Employee Share Purchase Plan (the “Employee Share Plan”): Certain of our employees may purchase common shares, through payroll deductions only, at a discounted price of 85% of the market price of the common shares. The aggregate fair value of common shares that an individual employee can acquire in a calendar year under the Employee Share Plan is $25,000. Subject to certain provisions, the aggregate number of common shares that may be issued under the Employee Share Plan may not exceed 5.0 million common shares. As of December 31, 2010, we have 4.3 million common shares available under this plan. Under the plans discussed above, we received gross proceeds of $30.8 million, $337.4 million and $222.2 million for the year ended December 31, 2010, 2009 and 2008, respectively and issued common shares for the years ended December 31, as follows (in thousands):<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 260px; text-align:left;border-color:#000000;min-width:260px;"> </td><td colspan="2" style="width: 119px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:119px;">2010</td><td colspan="2" style="width: 119px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:119px;">2009</td><td style="width: 111px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:111px;">2008</td></tr><tr style="height: 15px"><td colspan="3" style="width: 276px; text-align:left;border-color:#000000;min-width:276px;">1999 Dividend Reinvestment Plan</td><td style="width: 111px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:111px;"> 120</td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 111px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:111px;"> 224</td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 111px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:111px;"> 335</td></tr><tr style="height: 15px"><td colspan="3" style="width: 276px; text-align:left;border-color:#000000;min-width:276px;">Controlled Offering Program</td><td style="width: 111px; text-align:right;border-color:#000000;min-width:111px;"> 2,192</td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 111px; text-align:right;border-color:#000000;min-width:111px;"> 29,757</td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 111px; text-align:right;border-color:#000000;min-width:111px;"> 3,367</td></tr><tr style="height: 15px"><td colspan="3" style="width: 276px; text-align:left;border-color:#000000;min-width:276px;">Incentive Plan and Outside Trustees Plan</td><td style="width: 111px; text-align:right;border-color:#000000;min-width:111px;"> 1,382</td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 111px; text-align:right;border-color:#000000;min-width:111px;"> 1,767</td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 111px; text-align:right;border-color:#000000;min-width:111px;"> 1,603</td></tr><tr style="height: 15px"><td colspan="3" style="width: 276px; text-align:left;border-color:#000000;min-width:276px;">Employee Share Plan</td><td style="width: 111px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:111px;"> 170</td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 111px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:111px;"> 195</td><td style="width: 8px; text-align:center;border-color:#000000;min-width:8px;"> </td><td style="width: 111px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:111px;"> 76</td></tr><tr style="height: 15px"><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td colspan="2" style="width: 268px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:268px;">Total</td><td style="width: 111px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:111px;"> 3,864</td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 111px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:111px;"> 31,943</td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 111px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:111px;"> 5,381</td></tr></table></div>Limited partnership units were redeemed into 0.1 million, 0.4 million, and 3.9 million common shares in 2010, 2009, and 2008, respectively (see Note 10). We have approximately $84.1 million remaining on our Board authorization to repurchase common shares that began in 2001. We have not repurchased our common shares since 2003. Preferred Shares At December 31, 2010, we had three series of preferred shares outstanding (“Series C Preferred Shares”, “Series F Preferred Shares”, and “Series G Preferred Shares”). Holders of each series of preferred shares have, subject to certain conditions, limited voting rights and all holders are entitled to receive cumulative preferential dividends based upon each series' respective liquidation preference. Such dividends are payable quarterly in arrears on the last day of March, June, September and December. Dividends on preferred shares are payable when, and if, they have been declared by the Board, out of funds legally available for the payment of dividends. After the respective redemption dates, each series of preferred shares can be redeemed at our option. The cash redemption price (other than the portion consisting of accrued and unpaid dividends) with respect to Series C Preferred Shares is payable solely out of the cumulative sales proceeds of our other capital shares, which may include shares of other series of preferred shares. With respect to the payment of dividends, each series of preferred shares ranks on parity with the other series of preferred shares. Our preferred shares outstanding at December 31, 2010, are summarized as follows:<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 45px"><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 331px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:331px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:70px;">Dividend Rate</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:8px;"> </td><td colspan="2" style="width: 118px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:118px;">Dividend Equivalent Based on Liquidation Preference</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:70px;">Optional Redemption Date</td></tr><tr style="height: 15px"><td colspan="2" style="width: 339px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:339px;">Series C Preferred shares</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:70px;">8.54</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;">%</td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 108px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:108px;">$ 4.27 per share </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:70px;">11/13/26</td></tr><tr style="height: 15px"><td colspan="2" style="width: 339px; text-align:left;border-color:#000000;min-width:339px;">Series F Preferred shares</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;">6.75</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">%</td><td style="width: 8px; text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 108px; text-align:right;border-color:#000000;min-width:108px;">$ 1.69 per share </td><td style="width: 10px; text-align:right;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:center;border-color:#000000;min-width:70px;">(a)</td></tr><tr style="height: 15px"><td colspan="2" style="width: 339px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:339px;">Series G Preferred shares</td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;">6.75</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;">%</td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 108px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:108px;">$ 1.69 per share </td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:70px;">(a)</td></tr></table></div>(a) These shares are currently redeemable at our option. Ownership Restrictions For us to qualify as a REIT under the Code, five or fewer individuals may not own more than 50% of the value of our outstanding shares of beneficial interest at any time during the last half of our taxable year. Therefore, our Declaration of Trust restricts beneficial ownership (or ownership generally attributed to a person under the REIT tax rules) of our outstanding shares of beneficial interest by a single person, or persons acting as a group, to 9.8% of our outstanding shares. This provision assists us in protecting and preserving our REIT status and protects the interests of shareholders in takeover transactions by preventing the acquisition of a substantial block of outstanding shares. Shares of beneficial interest owned by a person or group of persons in excess of these limits are subject to redemption by us. The provision does not apply where a majority of the Board, in its sole and absolute discretion, waives such limit after determining that the status of us as a REIT for federal income tax purposes will not be jeopardized or the disqualification of us as a REIT is advantageous to our shareholders. Distributions and Dividends In 2010, 2009 and 2008, we paid all of our distributions and dividends in cash. The following summarizes the taxability of our common share distributions and preferred share dividends for the years ended December 31:<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 12px"><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 361px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:361px;"> </td><td colspan="2" style="width: 80px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:80px;">2010 (a)</td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:8px;"> </td><td colspan="2" style="width: 80px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:80px;">2009</td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:8px;"> </td><td colspan="2" style="width: 80px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:80px;">2008</td></tr><tr style="height: 12px"><td colspan="4" style="width: 385px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:385px;">Per Common Share:</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 12px"><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td colspan="3" style="width: 377px; text-align:left;border-color:#000000;min-width:377px;">Ordinary income</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> -</td><td style="width: 8px; text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> 0.58</td><td style="width: 8px; text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> 1.01</td></tr><tr style="height: 12px"><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td colspan="3" style="width: 377px; text-align:left;border-color:#000000;min-width:377px;">Qualified dividend</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> -</td><td style="width: 8px; text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> 0.09</td><td style="width: 8px; text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> 0.01</td></tr><tr style="height: 12px"><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td colspan="3" style="width: 377px; text-align:left;border-color:#000000;min-width:377px;">Capital gains</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> 0.56</td><td style="width: 8px; text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> 0.03</td><td style="width: 8px; text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> 1.05</td></tr><tr style="height: 12px"><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td colspan="2" style="width: 369px; text-align:left;border-color:#000000;min-width:369px;">Total distribution</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"> 0.56</td><td style="width: 8px; text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"> 0.70</td><td style="width: 8px; text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"> 2.07</td></tr><tr style="height: 12px"><td colspan="4" style="width: 385px; text-align:left;border-color:#000000;min-width:385px;">Per Preferred Share - Series C:</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 8px; text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 8px; text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 12px"><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td colspan="3" style="width: 377px; text-align:left;border-color:#000000;min-width:377px;">Ordinary income</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> -</td><td style="width: 8px; text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> 3.56</td><td style="width: 8px; text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> 2.07</td></tr><tr style="height: 12px"><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td colspan="3" style="width: 377px; text-align:left;border-color:#000000;min-width:377px;">Qualified dividend</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> -</td><td style="width: 8px; text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> 0.54</td><td style="width: 8px; text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> 0.03</td></tr><tr style="height: 12px"><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td colspan="3" style="width: 377px; text-align:left;border-color:#000000;min-width:377px;">Capital gains</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"> 4.27</td><td style="width: 8px; text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"> 0.17</td><td style="width: 8px; text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"> 2.17</td></tr><tr style="height: 12px"><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td colspan="2" style="width: 369px; text-align:left;border-color:#000000;min-width:369px;">Total dividend</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"> 4.27</td><td style="width: 8px; text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"> 4.27</td><td style="width: 8px; text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"> 4.27</td></tr><tr style="height: 12px"><td colspan="4" style="width: 385px; text-align:left;border-color:#000000;min-width:385px;">Per Preferred Share - Series F:</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 8px; text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 8px; text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 12px"><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td colspan="3" style="width: 377px; text-align:left;border-color:#000000;min-width:377px;">Ordinary income</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> -</td><td style="width: 8px; text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> 1.41</td><td style="width: 8px; text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> 0.82</td></tr><tr style="height: 12px"><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td colspan="3" style="width: 377px; text-align:left;border-color:#000000;min-width:377px;">Qualified dividend</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> -</td><td style="width: 8px; text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> 0.21</td><td style="width: 8px; text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> 0.01</td></tr><tr style="height: 12px"><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td colspan="3" style="width: 377px; text-align:left;border-color:#000000;min-width:377px;">Capital gains</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"> 1.69</td><td style="width: 8px; text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"> 0.07</td><td style="width: 8px; text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"> 0.86</td></tr><tr style="height: 12px"><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td colspan="2" style="width: 369px; text-align:left;border-color:#000000;min-width:369px;">Total dividend</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"> 1.69</td><td style="width: 8px; text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"> 1.69</td><td style="width: 8px; text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"> 1.69</td></tr><tr style="height: 12px"><td colspan="4" style="width: 385px; text-align:left;border-color:#000000;min-width:385px;">Per Preferred Share - Series G:</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 8px; text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:70px;"> </td><td style="width: 8px; text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:70px;"> </td></tr><tr style="height: 12px"><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td colspan="3" style="width: 377px; text-align:left;border-color:#000000;min-width:377px;">Ordinary income</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> -</td><td style="width: 8px; text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> 1.41</td><td style="width: 8px; text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> 0.82</td></tr><tr style="height: 12px"><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td colspan="3" style="width: 377px; text-align:left;border-color:#000000;min-width:377px;">Qualified dividend</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> -</td><td style="width: 8px; text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> 0.21</td><td style="width: 8px; text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> 0.01</td></tr><tr style="height: 12px"><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;"> </td><td colspan="3" style="width: 377px; text-align:left;border-color:#000000;min-width:377px;">Capital gains</td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"> 1.69</td><td style="width: 8px; text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"> 0.07</td><td style="width: 8px; text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"> 0.86</td></tr><tr style="height: 12px"><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:8px;"> </td><td colspan="2" style="width: 369px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:369px;">Total dividend</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"> 1.69</td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"> 1.69</td><td style="width: 8px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:8px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:70px;"> 1.69</td></tr></table></div>(a) Taxability for 2010 is estimated. In order to comply with the REIT requirements of the Code, we are generally required to make common share distributions (other than capital gain distributions) to our shareholders at least equal to (i) the sum of (a) 90% of our “REIT taxable income” computed without regard to the dividends paid deduction and net capital gains and (b) 90% of the net income (after tax), if any, from foreclosure property, minus (ii) certain excess non-cash income. Our common share distribution policy is to distribute a percentage of our cash flow to ensure we will meet the distribution requirements of the Code, while allowing us to maximize the cash retained to meet other cash needs, such as capital improvements and other investment activities. Common share distributions are characterized for federal income tax purposes as ordinary income, qualified dividend, capital gains, non-taxable return of capital or a combination of the four. Common share distributions that exceed our current and accumulated earnings and profits (calculated for tax purposes) constitute a return of capital rather than a dividend and generally reduce the shareholder's basis in the common shares. To the extent that a distribution exceeds both current and accumulated earnings and profits and the shareholder's basis in the common shares, it will generally be treated as a gain from the sale or exchange of that shareholder's common shares. At the beginning of each year, we notify our shareholders of the taxability of the common share distributions paid during the preceding year. The payment of common share distributions is dependent upon our financial condition, operating results and REIT distribution requirements and may be adjusted at the discretion of the Board during the year. A cash distribution of $0.1125 per common share for the first quarter of 2011 was declared on January 30, 2011. This distribution will be paid on February 28, 2011 to holders of common shares on February 14, 2011. Pursuant to the terms of our preferred shares, we are restricted from declaring or paying any distribution with respect to our common shares unless and until all cumulative dividends with respect to the preferred shares have been paid and sufficient funds have been set aside for dividends that have been declared for the then-current dividend period with respect to the preferred shares. Our tax return for the year ended December 31, 2010 has not been filed. The taxability information presented for our distributions and dividends paid in 2010 is based upon management's estimate. Our tax returns for open tax years have not been examined by the IRS, other than those discussed in Note 15. Consequently, the taxability of distributions and dividends is subject to change.11.  ProLogis Shareholders' Equity: Shares Authorized At December 31, 2010, 750.0 million shares were authorized to be issued, offalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringDisclosures related to accounts comprising shareholders' equity, including other comprehensive income. Includes: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables; effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 5 -Paragraph 15 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph d -Article 4 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section C, E Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 10 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30, 31 -Article 5 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 43 -Chapter 1 -Section B -Paragraph 7, 11A Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 129 -Paragraph 2, 3, 4, 5, 6, 7, 8 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Article 4 falsefalseProLogis Shareholders' Equity12ProLogis Shareholders' EquityUnKnownUnKnownUnKnownUnKnownfalsetrue