-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CUegXyU7jEBtrMmMKZeW2jB4JqvQCKRuEWtrF+ouTQ7qFP47/DKR+9+GWQ0gf4qR s/OQk/fHxrsHlj5XhhOX2A== 0000950134-09-006698.txt : 20090401 0000950134-09-006698.hdr.sgml : 20090401 20090401125728 ACCESSION NUMBER: 0000950134-09-006698 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 7 CONFORMED PERIOD OF REPORT: 20090401 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090401 DATE AS OF CHANGE: 20090401 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PROLOGIS CENTRAL INDEX KEY: 0000899881 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 742604728 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12846 FILM NUMBER: 09722176 BUSINESS ADDRESS: STREET 1: 4545 AIRPORT WAY CITY: DENVER STATE: CO ZIP: 80239 BUSINESS PHONE: 3033759292 MAIL ADDRESS: STREET 1: 4545 AIRPORT WAY CITY: DENVER STATE: CO ZIP: 80239 FORMER COMPANY: FORMER CONFORMED NAME: PROLOGIS TRUST DATE OF NAME CHANGE: 19980717 FORMER COMPANY: FORMER CONFORMED NAME: SECURITY CAPITAL INDUSTRIAL TRUST DATE OF NAME CHANGE: 19931228 8-K 1 d67037e8vk.htm FORM 8-K e8vk
 
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported) April 1, 2009
ProLogis
 
(Exact Name of Registrant as Specified in its Charter)
Maryland
 
(State or Other Jurisdiction of Incorporation)
     
1-12846   74-2604728
     
(Commission File Number)   (I.R.S. Employer Identification No.)
     
4545 Airport Way, Denver, Colorado   80239
 
(Address of Principal Executive Offices)   (Zip Code)
(303) 567-5000
 
(Registrant’s Telephone Number, Including Area Code)
 
(Former Name or Former Address, if Changed Since Last Report)
     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2):
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


 

Item 8.01 Other Events.
Attached as Exhibit 100 to this report are the following financial statements from ProLogis’ Annual Report on Form 10-K for the year ended December 31, 2008, filed with the Securities and Exchange Commission (the “SEC”) on February 27, 2009, formatted in XBRL (eXtensible Business Reporting Language): (i) the Consolidated Balance Sheets, (ii) the Consolidated Statements of Operations, (iii) the Consolidated Statements of Shareholder’s Equity and Comprehensive Income (Loss) (iv) the Consolidated Statements of Cash Flows, and (v) related notes to these financial statements tagged as blocks of text.
Users of this data are reminded pursuant to Rule 401 of Regulation S-T that the information contained in the XBRL Related Documents (as defined in Regulation S-T) is unaudited, and that these documents are not the financial statements ProLogis filed with the SEC. The purpose of submitting these XBRL Related Documents is to assist the SEC in testing the format and technology, and, as a result, investors should not rely on the information in this report, including the attached files, when making investment decisions.
In accordance with Rule 402 of Regulation S-T, the information in this Current Report on Form 8-K, including each of the exhibits listed below, shall not be deemed “filed” for purposes of Section 11 of the Securities Act of 1933, as amended (the “Securities Act”) or Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of those sections, and is not part of any registration statement to which it may relate, and shall not be incorporated by reference into any registration or other document filed under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such filing or document.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
     The following exhibits are included herewith:
     
Exhibit    
Number   Description
 
   
100
  The following materials from the ProLogis Annual Report on Form 10-K for the year ended December 31, 2008, filed on February 27, 2009, formatted in XBRL (eXtensible Business Reporting Language): (i) the Consolidated Balance Sheets, (ii) the Consolidated Statements of Operations, (iii) the Consolidated Statements of Shareholder’s Equity and Comprehensive Income (Loss) (iv) the Consolidated Statements of Cash Flows, and (v) related notes to these financial statements tagged as blocks of text.
 
   
Exhibit 100.INS
  XBRL Instance Document
 
   
Exhibit 100.SCH
  XBRL Taxonomy Extension Schema Document
 
   
Exhibit 100.CAL
  XBRL Taxonomy Extension Calculation Linkbase Document
 
   
Exhibit 100.LAB
  XBRL Taxonomy Extension Label Linkbase Document
 
   
Exhibit 100.PRE
  XBRL Taxonomy Extension Presentation Linkbase Document
 
   
Exhibit 100.DEF
  XBRL Taxonomy Extension Definition Linkbase Document

1


 

SIGNATURES
     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  PROLOGIS
 
 
April 1, 2009  By:   /s/ William E. Sullivan    
    Name:   William E. Sullivan   
    Title:   Chief Financial Officer   
 

2


 

EXHIBIT INDEX
     
Exhibit    
Number   Description
 
   
100
  The following materials from the ProLogis Annual Report on Form 10-K for the year ended December 31, 2008, filed on February 27, 2009, formatted in XBRL (eXtensible Business Reporting Language): (i) the Consolidated Balance Sheets, (ii) the Consolidated Statements of Operations, (iii) the Consolidated Statements of Shareholder’s Equity and Comprehensive Income (Loss) (iv) the Consolidated Statements of Cash Flows, and (v) related notes to these financial statements tagged as blocks of text.
 
   
Exhibit 100.INS
  XBRL Instance Document
 
   
Exhibit 100.SCH
  XBRL Taxonomy Extension Schema Document
 
   
Exhibit 100.CAL
  XBRL Taxonomy Extension Calculation Linkbase Document
 
   
Exhibit 100.LAB
  XBRL Taxonomy Extension Label Linkbase Document
 
   
Exhibit 100.PRE
  XBRL Taxonomy Extension Presentation Linkbase Document
 
   
Exhibit 100.DEF
  XBRL Taxonomy Extension Definition Linkbase Document

3

EX-100.INS 2 pld-20081231.xml INSTANCE DOCUMENT 0000899881 us-gaap:SeriesGPreferredStockMember 2008-12-31 0000899881 us-gaap:SeriesFPreferredStockMember 2008-12-31 0000899881 us-gaap:SeriesCPreferredStockMember 2008-12-31 0000899881 us-gaap:SeriesGPreferredStockMember 2007-12-31 0000899881 us-gaap:SeriesFPreferredStockMember 2007-12-31 0000899881 us-gaap:SeriesCPreferredStockMember 2007-12-31 0000899881 2006-12-31 0000899881 2005-12-31 0000899881 2007-12-31 0000899881 2007-01-01 2007-12-31 0000899881 2006-01-01 2006-12-31 0000899881 2008-12-31 0000899881 2008-01-01 2008-12-31 xbrli:pure iso4217:USD xbrli:shares 50 25 25 50 25 25 0.01 0.01 0.01 0.01 0.01 0.01 2000 5000 5000 2000 5000 5000 2000 5000 5000 2000 5000 5000 100000 125000 125000 100000 125000 125000 13.Impairment Charges: During 2008, due to the decline in global market conditions, we performed a review of the recoverability of our long-lived assets in accordance with the applicable accounting literature and our accounting policies. Impairment of Real Estate Properties Due to the current market conditions and the resulting changes in our business strategy during the fourth quarter of 2008, we determined that there were certain real estate assets, primarily land parcels, for which it was more likely that we would dispose of the asset rather than develop and/or hold and use the asset. During this timeframe, the capitalization rates used to value these properties have increased, which along with the distressed market conditions, has contributed to a significant decline in fair value, especially in the United Kingdom. As a result of our review and based on our intent with regard to these properties, we recognized impairment charges of $274.7million to adjust the carrying value to fair value as of December31, 2008. In addition, we recognized impairment charges related to costs that had been previously deferred related to potential future development costs as it is no longer probable that we will complete the development of these properties given the current market conditions, specifically in the United Kingdom, as follows (in thousands): Land $ 194,137 Properties under development 19,814 Completed properties 15,026 Pre-development costs 45,728 Total $ 274,705 Impairment of Goodwill and Other Assets We performed our annual review of the goodwill in our CDFS business segment (Europe reporting unit) during the third quarter of 2008 and no impairment was indicated. During the fourth quarter of 2008, we changed our business strategy in response to the deterioration in the global economy to no longer focus on CDFS business activities. As a result, the investment and development activities previously included in the CDFS business segment have been transferred, along with the related assets, to the direct owned and investment management segments (Europe reporting unit). The related goodwill was transferred to the respective segments based on the relative fair value of the assets transferred. Due to the economic conditions, including the significant decrease in our common stock price and the decline in fair value of certain of our real estate properties, specifically investments in land in the United Kingdom (as discussed in real estate impairment) of both land we plan to hold and to dispose, we believed that an additional review of goodwill was warranted as of December31, 2008. In connection with this review, we recognized an impairment charge of $175.4million of the goodwill allocated to the direct owned segment in the Europe reporting unit due primarily to the decrease in fair value associated with the land investments included in this segment. This goodwill related to an acquisition made in 2007. We performed a review of the goodwill allocated to the direct owned segment in North America during the fourth quarter of 2008 and no impairment was indicated. We own a substantial portfolio of operating real estate properties in North America for which the carrying value, including goodwill, is significantly lower than the net asset value of the properties. In addition, we performed a review of the goodwill allocated to the investment management segment in Europe during the fourth quarter of 2008 and no impairment was indicated. Within our investment management segment, we include our investments in property funds, as well as the fee income that is generated related to the management of these properties. When we calculate the present value of the future cash flows from these activities, the fair value is significantly in excess of the carrying value of our investments, including goodwill. The remaining amount relates to impairment charges on our investments in unconsolidated investees, notes receivable and other assets. 6.Other Assets and Other Liabilities: Our other assets consisted of the following, net of amortization and depreciation, if applicable, as of December 31 (in thousands): 2008 2007 Goodwill $ 395,626 $ 530,760 Value added taxes receivable 250,707 287,659 Leasing commissions 115,194 135,662 Rent leveling assets and above market leases 81,558 100,263 Fixed assets 80,323 72,509 Loan fees 39,327 40,954 Non-qualified savings plan assets 24,901 53,113 Other 141,546 187,894 Totals $ 1,129,182 $ 1,408,814 Our other liabilities consisted of the following, net of amortization and depreciation, if applicable, as of December 31 (in thousands): 2008 2007 Income tax liabilities $ 284,698 $ 192,438 Tenant security deposits 120,590 94,483 Accrued disposition costs 91,476 90,998 Deferred income taxes 82,928 107,620 Unearned rents 60,331 55,073 Non-qualified savings plan liabilities 27,206 41,558 Value added taxes payable 10,571 73,896 Below market leases 7,332 12,015 Other 66,106 101,327 Totals $ 751,238 $ 769,408 The leasing commissions, rent leveling asset and above market leases, net of below market leases, total $189.4million at December31, 2008, and are expected to be amortized as follows (in thousands): Amortization Expense Net Charge to Rental Income 2009 $ 35,413 $ 1,847 2010 25,148 12,832 2011 20,454 13,913 2012 15,190 12,940 2013 9,108 9,458 Thereafter 9,881 23,236 Total $ 115,194 $ 74,226 During 2008, we recorded impairment charges on goodwill and certain other assets. See Note13 for additional information. 12.Reduction in Workforce: During the fourth quarter of 2008, in response to the difficult economic climate, we initiated General and Administrative expense reductions with a near-term target of a 20 to 25% reduction. These initiatives included a reduction in workforce (RIF) plan that had a total cost of $26.4million, including $3.3million for China that is presented as discontinued operations in our Statements of Operations. Of the total cost of the RIF, $20.2million has not been paid and is accrued as of December31, 2008 and the majority of which will be paid by March31, 2009. We may incur RIF charges in 2009 for additional employees identified due to our change in business strategy. <div> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <a name= "_AUC7f9f9da007064db2804e2d7e4d5922d0"><b><span style="font-size:10.0pt;line-height:95%"> 4.Acquisitions:</span></b></a> </p> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:7.0pt;line-height:95%"></span></span> </p> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt;line-height:95%">In February 2007, we purchased the industrial business and made a 25% investment in the retail business of Parkridge Holdings Limited (&#8220;Parkridge&#8221;), a European developer. The total purchase price was $1.3billion, which was financed with $733.9million in cash, including amounts settled in cash subsequent to the purchase date, the issuance of 4.8million common shares (valued for accounting purposes at $71.01 per share for a total of $339.5million) and the assumption of $191.5million in debt and other liabilities. The cash portion of the acquisition was funded with borrowings under our credit facilities.</span></span> </p> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:7.0pt;line-height:95%"></span></span> </p> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt;line-height:95%">The acquisition included 6.3million square feet of operating distribution properties, including developments under construction, and 1,139acres of land, primarily in Central Europe and the United Kingdom. We allocated the purchase price based on estimated fair values and recorded approximately $724.7million of real estate assets, $156.3million of investments in joint ventures and other unconsolidated investees, $58.1million of cash and other tangible assets and $325.8million of goodwill and other intangible assets, which are included in Other Assets in our Consolidated Balance Sheet. During 2008, we recognized an impairment charge of $175.4million related to this allocated goodwill. See Note13. The Parkridge acquisition would not have had a material impact on our consolidated results of operations for the years ended December31, 2007, and 2006, and as such, we have not presented any pro forma financial information.</span></span> </p> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:7.0pt;line-height:95%"></span></span> </p><span><span style= "font-size:10.0pt;font-family:Times New Roman,serif;mso-fareast-font-family: Times New Roman;mso-ansi-language:EN-US;mso-fareast-language:EN-US; mso-bidi-language:AR-SA">See also Note3 for information on real estate property acquisitions.</span></span> <style> /*<![CDATA[*/ st1:*{behavior:url(#ieooui) } <!-- /* Font Definitions */ @font-face {font-family:"Cambria Math"; panose-1:2 4 5 3 5 4 6 3 2 4; mso-font-charset:0; mso-generic-font-family:roman; mso-font-pitch:variable; mso-font-signature:-1610611985 1107304683 0 0 159 0;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-unhide:no; mso-style-qformat:yes; mso-style-parent:""; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman","serif"; mso-fareast-font-family:"Times New Roman";} .MsoChpDefault {mso-style-type:export-only; mso-default-props:yes; font-size:10.0pt; mso-ansi-font-size:10.0pt; mso-bidi-font-size:10.0pt;} @page Section1 {size:8.5in 11.0in; margin:1.0in 1.0in 1.0in 1.0in; mso-header-margin:.5in; mso-footer-margin:.5in; mso-paper-source:0;} div.Section1 {page:Section1;} - --> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} /*]]>*/ </style> </div> <div> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <a name= "_AUC2b49c3cd47d14fc4b773978ed1975d5f"><b><span style="font-size:10.0pt;line-height:95%"> 20.Supplemental Cash Flow Information:</span></b></a> </p> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%"></span></span> </p> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt;line-height:95%">Non-cash investing and financing activities for the years ended December31, 2008, 2007 and 2006 are as follows:</span></span> </p> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%"></span></span> </p> <p class="MsoNormal" style= "margin-left:.2in;text-indent:-.2in;line-height:95%; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%">&#8226;<span style= "mso-tab-count:1"></span> We received $455.0million, $351.3million and $128.0million of equity interests in property funds from the contribution of properties to these property funds during 2008, 2007 and 2006, respectively. In 2007, in connection with these contributions, we recorded $51.6million in potential liabilities for future obligations we may have associated with these transactions.</span></span> </p> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%"></span></span> </p> <p class="MsoNormal" style= "margin-left:.2in;text-indent:-.2in;line-height:95%; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%">&#8226;<span style= "mso-tab-count:1"></span> We capitalized portions of the total cost of our share-based compensation awards of $12.1million, $10.8million and $8.4million to the investment basis of our real estate and other assets during the years ended December31, 2008, 2007, and 2006, respectively.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:1.0pt"></span></span> </p> <p class="MsoNormal" style= "margin-left:.2in;text-indent:-.2in;page-break-before: always;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">&#8226;<span style= "mso-tab-count:1"></span> We assumed $6.6million, $27.3million, and $141.6million of secured debt and other liabilities in 2008, 2007 and 2006, respectively, in connection with the acquisition of properties and operating receivables and liabilities of $19.0million and $22.6million, respectively, in 2006 in connection with the acquisition of properties.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "margin-left:.2in;text-indent:-.2in;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">&#8226;<span style= "mso-tab-count:1"></span> We recorded $6.7million and $27.8million of minority interest liabilities associated with investments made in entities that we consolidate and own less that 100% in 2008 and 2007, respectively.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "margin-left:.2in;text-indent:-.2in;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">&#8226;<span style= "mso-tab-count:1"></span> We settled $21.3million, $4.4million and $6.5million of minority interest liabilities with the conversion of limited partnership units into 3.9million common shares, 128,000 common shares and 180,000 common shares in 2008, 2007 and 2006, respectively.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "margin-left:.2in;text-indent:-.2in;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">&#8226;<span style= "mso-tab-count:1"></span> As partial consideration for property contributions in 2008, the China property fund assumed $47.9million in construction liabilities and in 2006 we received $1.9million in the form of notes receivable from ProLogis North American Properties FundV.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "margin-left:.2in;text-indent:-.2in;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">&#8226;<span style= "mso-tab-count:1"></span> We recognized a $9.3million increase in the liability for unrecognized tax benefits, which was accounted for as a reduction to the January1, 2007 balance of retained earnings in connection with the adoption of the provisions of FIN48.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "margin-left:.2in;text-indent:-.2in;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">&#8226;<span style= "mso-tab-count:1"></span> In connection with the acquisition of all of the units in MPR in July 2007 (see Note5), we assumed $828.3million of debt and reallocated our equity investment of $47.7million to assets acquired.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "margin-left:.2in;text-indent:-.2in;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">&#8226;<span style= "mso-tab-count:1"></span> As a result of the conversion by Citigroup of its convertible loan into equity of ProLogis North American Industrial FundII in August 2007, we began accounting for our investment in this property fund under the equity method of accounting. This transaction resulted in a disposition of $2.0billion of real estate assets and $1.9billion of associated debt in exchange for an equity investment of $219.1million and the recognition of a gain.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "margin-left:.2in;text-indent:-.2in;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">&#8226;<span style= "mso-tab-count:1"></span> In 2006 we received 3.9million ordinary units in PEPR, valued at $68.6million, representing the initial allocation of an incentive return we earned as manager of the property fund. See Note5 for further discussion of this transaction.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "margin-left:.2in;text-indent:-.2in;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">&#8226;<span style= "mso-tab-count:1"></span> As partial consideration for properties we contributed in 2006 to the North American Industrial Fund, we received ownership interests of $62.1million, representing a 20% ownership interest, and the property fund assumed $677.2million of secured debt and short-term borrowings.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "margin-left:.2in;text-indent:-.2in;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">&#8226;<span style= "mso-tab-count:1"></span> In connection with the purchase of the 80% ownership interests held by our fund partner in three of our North American property funds in 2006, we assumed $418.0million of secured debt (which was later assumed by the North American Industrial Fund).</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "margin-left:.2in;text-indent:-.2in;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">&#8226;<span style= "mso-tab-count:1"></span> As partial consideration for the sale of a property, a third party assumed an outstanding mortgage note in the amount of $42.9million in 2006.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p><span><span style= "font-size:10.0pt;font-family:Times New Roman,serif;mso-fareast-font-family: Times New Roman;mso-ansi-language:EN-US;mso-fareast-language:EN-US; mso-bidi-language:AR-SA">See also the discussion of non-cash items related to the Parkridge acquisition in 2007 in Note4 and the discussion of FIN48 and other income tax matters in Note14.</span></span> <style> /*<![CDATA[*/ st1:*{behavior:url(#ieooui) } <!-- /* Font Definitions */ @font-face {font-family:"Cambria Math"; panose-1:2 4 5 3 5 4 6 3 2 4; mso-font-charset:0; mso-generic-font-family:roman; mso-font-pitch:variable; mso-font-signature:-1610611985 1107304683 0 0 159 0;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-unhide:no; mso-style-qformat:yes; mso-style-parent:""; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman","serif"; mso-fareast-font-family:"Times New Roman";} .MsoChpDefault {mso-style-type:export-only; mso-default-props:yes; font-size:10.0pt; mso-ansi-font-size:10.0pt; mso-bidi-font-size:10.0pt;} @page Section1 {size:8.5in 11.0in; margin:1.0in 1.0in 1.0in 1.0in; mso-header-margin:.5in; mso-footer-margin:.5in; mso-paper-source:0;} div.Section1 {page:Section1;} - --> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} /*]]>*/ </style> </div> <div> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <a name= "_AUC02099e245cfa47f0beae16b472149300"><b><span style="font-size:10.0pt"> 18.Commitments and Contingencies:</span></b></a> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><i><span style="font-size:10.0pt">Environmental Matters</span></i></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">A majority of the properties we acquire are subjected to environmental reviews either by us or the previous owners. In addition, we may incur environmental remediation costs associated with certain land parcels we acquire in connection with the development of the land. We have acquired certain properties in urban and industrial areas that may have been leased to or previously owned by commercial and industrial companies that discharged hazardous materials. We establish a liability at the time of acquisition to cover such costs. We adjust the liabilities as appropriate when additional information becomes available. We purchase various environmental insurance policies to mitigate our exposure to environmental liabilities. We are not aware of any environmental liability that we believe would have a material adverse effect on our business, financial condition or results of operations.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <h6> <span>Off-Balance Sheet Liabilities</span> </h6> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">We have issued performance and surety bonds and standby letters of credit in connection with certain development projects, to guarantee certain tax obligations and the construction of certain real property improvements and infrastructure, such as grading, sewers and streets. Performance and surety bonds are commonly required by public agencies from real estate developers. Performance and surety bonds are renewable and expire upon the payment of the taxes due or the completion of the improvements and infrastructure. As of December31, 2008, we had approximately $72.5million outstanding under such arrangements.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">At December31, 2008, we had made debt guarantees to certain of our unconsolidated investees that, based on the investee&#8217;s outstanding balance, totaled $37.0million. None of these guarantees were provided to the unconsolidated property funds.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">We may be required to make additional capital contributions to certain of our unconsolidated investees, representing our proportionate ownership interest, should additional capital contributions be necessary to fund development or acquisition costs, repayment of debt or operation shortfalls. See Note5.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">From time to time we enter into Special Limited Contribution Agreements (&#8220;SLCA&#8221;) in connection with certain contributions of properties to certain of our property funds. Under the SLCAs, we are obligated to make an additional capital contribution to the respective property fund under certain circumstances, the occurrence of which we believe to be remote. Specifically, we would be required to make an additional capital contribution to the property fund if the property fund is in default on third-party debt, the default remains uncured, and the third-party lender does not receive a specified minimum level of repayment after pursuing all contractual and legal remedies against the property fund. To the extent that a third-party lender receives repayment of principal and to the extent that the property fund liquidates its assets to satisfy any remaining repayment deficit, our obligations under the SLCA are reduced on a dollar-for-dollar basis. Our potential obligations under the respective SLCAs, as a percentage of the undepreciated book value of the assets in the property funds, range from 6% to 29%. Given the respective year-end capital structures of the various funds impacted by SLCAs and structural provisions within the SLCAs, we estimate that the minimum level of fund devaluation required to trigger an SLCA liability ranges between 79% and 44% of fund value. We believe that the likelihood of declines in the values of the assets that support the third-party loans of the magnitude necessary to require an additional capital contribution is generally remote, especially in light of the geographically diversified portfolios of properties owned by the property funds. The potential obligations under the SLCAs aggregated $352.6million and $1.2billion at December31, 2008 and December31, 2007, respectively. The decrease was due primarily to the property funds refinancing certain of these loans, which relieves us of our obligations under the previous SLCAs. The combined value of the assets in the property funds that are subject to the provisions of the SLCAs was approximately $4.1billion at December31, 2008. Based on our assessment of the probability and range of loss, we have estimated the fair value and recognized a liability of $1.3million related to our potential obligations at December31, 2008.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p><span><span style= "font-size:10.0pt;font-family:Times New Roman,serif;mso-fareast-font-family: Times New Roman;mso-ansi-language:EN-US;mso-fareast-language:EN-US; mso-bidi-language:AR-SA">As of December31, 2008, $9.1million of Community Facility District bonds were outstanding that were originally issued to finance public infrastructure improvements at one of our development projects. We are required to satisfy any shortfall in annual debt service obligation for these bonds if tax revenues generated by the project are insufficient. As of December31, 2008, we have not been required to, nor do we expect to be required to, satisfy any shortfall in annual debt service obligation for these bonds other than through our payment of normal project and special district taxes.</span></span> <style> /*<![CDATA[*/ <!-- /* Font Definitions */ @font-face {font-family:"Cambria Math"; panose-1:2 4 5 3 5 4 6 3 2 4; mso-font-charset:0; mso-generic-font-family:roman; mso-font-pitch:variable; mso-font-signature:-1610611985 1107304683 0 0 159 0;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-unhide:no; mso-style-qformat:yes; mso-style-parent:""; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman","serif"; mso-fareast-font-family:"Times New Roman";} h6 {mso-style-unhide:no; mso-style-qformat:yes; mso-style-link:"Heading 6 Char"; mso-style-next:Normal; margin:0in; margin-bottom:.0001pt; page-break-before:always; mso-pagination:widow-orphan; page-break-after:avoid; mso-outline-level:6; mso-layout-grid-align:none; text-autospace:none; font-size:10.0pt; font-family:"Times New Roman","serif"; font-weight:normal; font-style:italic;} span.Heading6Char {mso-style-name:"Heading 6 Char"; mso-style-unhide:no; mso-style-locked:yes; mso-style-link:"Heading 6"; font-style:italic;} .MsoChpDefault {mso-style-type:export-only; mso-default-props:yes; font-size:10.0pt; mso-ansi-font-size:10.0pt; mso-bidi-font-size:10.0pt;} @page Section1 {size:8.5in 11.0in; margin:1.0in 1.0in 1.0in 1.0in; mso-header-margin:.5in; mso-footer-margin:.5in; mso-paper-source:0;} div.Section1 {page:Section1;} - --> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} /*]]>*/ </style> </div> <div> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <a name= "_AUCe406f69ae9d4437ba124f708416d30a9"><b><span style="font-size:10.0pt"> 8.Debt:</span></b></a> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Our debt consisted of the following as of December 31 (in thousands):</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="471" valign="top" style= "width:353.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 343.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="81" valign="top" style= "width:60.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 25.95pt left 51.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2008<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="79" valign="top" style= "width:58.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 25.95pt left 51.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2007<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="471" valign="bottom" style= "width:353.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 343.7pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Global Line<span style="mso-tab-count: 1 dotted">..................................................................................................................................</span></span></span> </p> </td> <td width="81" valign="bottom" style= "width:60.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 2,617,764</span></span> </p> </td> <td width="79" valign="bottom" style= "width:58.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 1,955,138</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td width="471" valign="bottom" style= "width:353.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 343.7pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Credit Facility<span style= "mso-tab-count:1 dotted">..............................................................................................................................</span></span></span> </p> </td> <td width="81" valign="bottom" style= "width:60.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 600,519</span></span> </p> </td> <td width="79" valign="bottom" style= "width:58.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 609,222</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td width="471" valign="bottom" style= "width:353.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 343.7pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Senior and other notes<span style= "mso-tab-count:1 dotted">...............................................................................................................</span></span></span> </p> </td> <td width="81" valign="bottom" style= "width:60.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 3,995,410</span></span> </p> </td> <td width="79" valign="bottom" style= "width:58.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 4,281,884</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td width="471" valign="bottom" style= "width:353.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 343.7pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Convertible senior notes<span style= "mso-tab-count:1 dotted">............................................................................................................</span></span></span> </p> </td> <td width="81" valign="bottom" style= "width:60.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2,886,401</span></span> </p> </td> <td width="79" valign="bottom" style= "width:58.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2,332,905</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td width="471" valign="bottom" style= "width:353.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 343.7pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Secured debt<span style= "mso-tab-count: 1 dotted">................................................................................................................................</span></span></span> </p> </td> <td width="81" valign="bottom" style= "width:60.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 877,916</span></span> </p> </td> <td width="79" valign="bottom" style= "width:58.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 1,294,809</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:6"> <td width="471" valign="bottom" style= "width:353.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 343.7pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Assessment bonds<span style= "mso-tab-count:1 dotted">......................................................................................................................</span></span></span> </p> </td> <td width="81" valign="bottom" style= "width:60.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 29,626</span></u></span> </p> </td> <td width="79" valign="bottom" style= "width:58.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 32,110</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:7;mso-yfti-lastrow:yes"> <td width="471" valign="bottom" style= "width:353.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 343.7pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total<span style= "mso-tab-count: 1 dotted">............................................................................................................................................</span></span></span> </p> </td> <td width="81" valign="bottom" style= "width:60.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$ 11,007,636</span></u></span> </p> </td> <td width="79" valign="bottom" style= "width:58.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$ 10,506,068</span></u></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <h6> <span>Unsecured Lines of Credit</span> </h6> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">At December31, 2008, our credit facilities provide aggregate borrowing capacity of $4.4billion. This includes our global line of credit, where a syndicate of banks allows us to draw funds in U.S.dollar, euro, Japanese yen, British pound sterling, South Korean won and Canadian dollar (&#8220;Global Line&#8221;). This also includes a multi-currency credit facility that allows us to borrow in U.S.dollar, euro, Japanese yen, and British pound sterling (&#8220;Credit Facility&#8221;) and a 35million British pound sterling facility (&#8220;Sterling Facility&#8221;). The total commitments under our credit facilities fluctuate in U.S.dollars based on the underlying currencies. Based on our public debt ratings, interest on the borrowings under the Global Line and Credit Facility primarily accrues at a variable rate based upon the interbank offered rate in each respective jurisdiction in which the borrowings are outstanding (2.46% per annum at December31, 2008 based on a weighted average using local currency rates). The Global Line and Credit Facility mature in October 2009; however, we can exercise a 12-month extension at our option for all currencies, subject to certain customary conditions and the payment of an extension fee. These customary conditions include; (i)we are not in default; (ii)we have appropriately approved such an extension; and (iii)we certify that certain representations and warranties, contained in the agreements, are true and correct in all material respects. We expect to exercise this option. The Credit Facility provides us the ability to re-borrow, within a specified period of time, any amounts repaid on the facility. The Sterling Facility matures December31, 2009.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">As of December31, 2008, under these facilities, we had outstanding borrowings of $3.2billion and letters of credit of $142.4million, resulting in remaining borrowing capacity of approximately $1.1billion. These amounts do not include borrowing capacity of $106.0million with outstanding borrowings of $78.6million related to our China operations, which are presented as held for sale at December31, 2008 (see Note7). All outstanding amounts related to the China borrowings were refinanced subsequent to December31, 2008 and assumed by the buyer in connection with the sale.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Our lines of credit borrowings, not including our China operations, are summarized below (dollars in millions):</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="404" valign="top" style= "width:303.15pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 293.8pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="226" colspan="3" valign="top" style= "width:169.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 81.7pt left 224.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Years Ended December31,<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="404" valign="top" style= "width:303.15pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 293.8pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="77" valign="top" style= "width:57.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 18.7pt left 41.2pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2008<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="77" valign="top" style= "width:.8in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 18.7pt left 41.2pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2007<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="73" valign="top" style= "width:54.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 18.7pt left 41.2pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2006<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td width="404" valign="bottom" style= "width:303.15pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 293.8pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Weighted average daily interest rate<span style= "mso-tab-count:1 dotted">.................................................................</span></span></span> </p> </td> <td width="77" valign="bottom" style= "width:57.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 29.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 3.26%</span></span> </p> </td> <td width="77" valign="bottom" style= "width:.8in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 29.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 3.72%</span></span> </p> </td> <td width="73" valign="bottom" style= "width:54.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 29.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 3.03%</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td width="404" valign="bottom" style= "width:303.15pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 293.8pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Borrowings outstanding at December 31<span style= "mso-tab-count:1 dotted">.........................................................</span></span></span> </p> </td> <td width="77" valign="bottom" style= "width:57.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 35.8pt 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 3,218.3</span></span> </p> </td> <td width="77" valign="bottom" style= "width:.8in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 35.8pt 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 2,564.4</span></span> </p> </td> <td width="73" valign="bottom" style= "width:54.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 35.8pt 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 2,462.8</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td width="404" valign="bottom" style= "width:303.15pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 293.8pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Weighted average daily borrowings<span style= "mso-tab-count:1 dotted">..................................................................</span></span></span> </p> </td> <td width="77" valign="bottom" style= "width:57.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 35.8pt 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 3,248.4</span></span> </p> </td> <td width="77" valign="bottom" style= "width:.8in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 35.8pt 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 3,075.9</span></span> </p> </td> <td width="73" valign="bottom" style= "width:54.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 35.8pt 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 2,294.7</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td width="404" valign="bottom" style= "width:303.15pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 293.8pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Maximum borrowings outstanding at any month end<span style= "mso-tab-count:1 dotted">.................................</span></span></span> </p> </td> <td width="77" valign="bottom" style= "width:57.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 35.8pt 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 3,663.6</span></span> </p> </td> <td width="77" valign="bottom" style= "width:.8in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 35.8pt 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 3,538.2</span></span> </p> </td> <td width="73" valign="bottom" style= "width:54.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 35.8pt 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 2,760.8</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:6"> <td width="404" valign="bottom" style= "width:303.15pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 293.8pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Aggregate borrowing capacity of all lines of credit at December 31<span style="mso-tab-count:1 dotted">..........</span></span></span> </p> </td> <td width="77" valign="bottom" style= "width:57.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 35.8pt 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 4,432.1</span></span> </p> </td> <td width="77" valign="bottom" style= "width:.8in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 35.8pt 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 4,354.9</span></span> </p> </td> <td width="73" valign="bottom" style= "width:54.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 35.8pt 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 3,529.3</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:7"> <td width="404" valign="bottom" style= "width:303.15pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 293.8pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Outstanding letters of credit under the lines of credit<span style= "mso-tab-count:1 dotted">....................................</span></span></span> </p> </td> <td width="77" valign="bottom" style= "width:57.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 35.8pt 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 142.4</span></span> </p> </td> <td width="77" valign="bottom" style= "width:.8in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 35.8pt 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 148.2</span></span> </p> </td> <td width="73" valign="bottom" style= "width:54.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 35.8pt 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 129.1</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:8;mso-yfti-lastrow:yes"> <td width="404" valign="bottom" style= "width:303.15pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 293.8pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Aggregate remaining capacity available to us on all lines of credit at December 31<span style= "mso-tab-count: 1 dotted">.......................................................................................................</span></span></span> </p> </td> <td width="77" valign="bottom" style= "width:57.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 35.8pt 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 1,071.5</span></span> </p> </td> <td width="77" valign="bottom" style= "width:.8in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 35.8pt 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 1,642.4</span></span> </p> </td> <td width="73" valign="bottom" style= "width:54.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 35.8pt 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 937.4</span></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><i><span style="font-size:10.0pt">Senior and Other Notes</span></i></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">In December 2008, we purchased $309.7million of our 5.25%senior notes due November15, 2010 for $216.8million in a tender offer resulting in a gain of $90.7million that is reported as Gain on Early Extinguishment of Debt in our Consolidated Statements of Operations. We utilized borrowings under our global lines of credit to fund the tender offer. This transaction represents approximately 62percent of the principal amount of this series of notes outstanding prior to the tender offer.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoBodyText" style="page-break-before:always"> <span>Our senior and other notes outstanding at December31, 2008 are summarized as follows (dollars in thousands):</span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="486" valign="top" style= "width:364.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 355.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 355.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%">Maturity Date</span></u></b></span> </p> </td> <td width="83" valign="top" style= "width:62.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 26.4pt left 53.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> Principal</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 26.4pt left 53.4pt 58.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Balance<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="61" valign="top" style= "width:45.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 20.5pt left 41.05pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> Coupon</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 20.5pt left 41.05pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Rate<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="486" valign="top" style= "width:364.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 355.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">Senior notes:</span></span> </p> </td> <td width="83" valign="top" style= "width:62.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="61" valign="top" style= "width:45.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 32.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td width="486" valign="bottom" style= "width:364.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 355.1pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">March1, 2009 (1)<span style= "mso-tab-count:1 dotted">...........................................................................................................................</span></span></span> </p> </td> <td width="83" valign="bottom" style= "width:62.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 18,750</span></span> </p> </td> <td width="61" valign="bottom" style= "width:45.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 19.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 8.72%</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td width="486" valign="bottom" style= "width:364.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 355.1pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">May15, 2009 (1)<span style= "mso-tab-count:1 dotted">............................................................................................................................</span></span></span> </p> </td> <td width="83" valign="bottom" style= "width:62.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 9,375</span></span> </p> </td> <td width="61" valign="bottom" style= "width:45.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 19.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 7.88%</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td width="486" valign="bottom" style= "width:364.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 355.1pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">August24, 2009 (1)(2)<span style= "mso-tab-count:1 dotted">...................................................................................................................</span></span></span> </p> </td> <td width="83" valign="bottom" style= "width:62.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 250,000</span></span> </p> </td> <td width="61" valign="bottom" style= "width:45.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 32.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">floating</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td width="486" valign="bottom" style= "width:364.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 355.1pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">November15, 2010 (1)<span style= "mso-tab-count:1 dotted">.................................................................................................................</span></span></span> </p> </td> <td width="83" valign="bottom" style= "width:62.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 190,278</span></span> </p> </td> <td width="61" valign="bottom" style= "width:45.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 19.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 5.25%</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:6"> <td width="486" valign="bottom" style= "width:364.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 355.1pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">April1, 2012 (1)<span style= "mso-tab-count:1 dotted">..............................................................................................................................</span></span></span> </p> </td> <td width="83" valign="bottom" style= "width:62.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 450,000</span></span> </p> </td> <td width="61" valign="bottom" style= "width:45.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 19.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 5.50%</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:7"> <td width="486" valign="bottom" style= "width:364.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 355.1pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">March1, 2013 (1)<span style= "mso-tab-count:1 dotted">...........................................................................................................................</span></span></span> </p> </td> <td width="83" valign="bottom" style= "width:62.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 300,000</span></span> </p> </td> <td width="61" valign="bottom" style= "width:45.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 19.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 5.50%</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:8"> <td width="486" valign="bottom" style= "width:364.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 355.1pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">February1, 2015 (3)<span style= "mso-tab-count:1 dotted">......................................................................................................................</span></span></span> </p> </td> <td width="83" valign="bottom" style= "width:62.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 100,000</span></span> </p> </td> <td width="61" valign="bottom" style= "width:45.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 19.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 7.81%</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:9"> <td width="486" valign="bottom" style= "width:364.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 355.1pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">March1, 2015 (4)<span style= "mso-tab-count:1 dotted">...........................................................................................................................</span></span></span> </p> </td> <td width="83" valign="bottom" style= "width:62.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 50,000</span></span> </p> </td> <td width="61" valign="bottom" style= "width:45.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 19.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 9.34%</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:10"> <td width="486" valign="bottom" style= "width:364.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 355.1pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">November15, 2015 (1)<span style= "mso-tab-count:1 dotted">.................................................................................................................</span></span></span> </p> </td> <td width="83" valign="bottom" style= "width:62.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 400,000</span></span> </p> </td> <td width="61" valign="bottom" style= "width:45.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 19.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 5.63%</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:11"> <td width="486" valign="bottom" style= "width:364.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 355.1pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">April1, 2016 (1)<span style= "mso-tab-count:1 dotted">..............................................................................................................................</span></span></span> </p> </td> <td width="83" valign="bottom" style= "width:62.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 400,000</span></span> </p> </td> <td width="61" valign="bottom" style= "width:45.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 19.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 5.75%</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:12"> <td width="486" valign="bottom" style= "width:364.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 355.1pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">May15, 2016 (5)<span style= "mso-tab-count:1 dotted">............................................................................................................................</span></span></span> </p> </td> <td width="83" valign="bottom" style= "width:62.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 50,000</span></span> </p> </td> <td width="61" valign="bottom" style= "width:45.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 19.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 8.65%</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:13"> <td width="486" valign="bottom" style= "width:364.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 355.1pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">November15, 2016 (1)<span style= "mso-tab-count:1 dotted">.................................................................................................................</span></span></span> </p> </td> <td width="83" valign="bottom" style= "width:62.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 550,000</span></span> </p> </td> <td width="61" valign="bottom" style= "width:45.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 19.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 5.63%</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:14"> <td width="486" valign="bottom" style= "width:364.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 355.1pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">July1, 2017 (1)<span style= "mso-tab-count:1 dotted">...............................................................................................................................</span></span></span> </p> </td> <td width="83" valign="bottom" style= "width:62.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 100,000</span></span> </p> </td> <td width="61" valign="bottom" style= "width:45.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 19.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 7.63%</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:15"> <td width="486" valign="bottom" style= "width:364.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 355.1pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">May1, 2018 (1)(6)<span style= "mso-tab-count:1 dotted">.........................................................................................................................</span></span></span> </p> </td> <td width="83" valign="bottom" style= "width:62.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 600,000</span></u></span> </p> </td> <td width="61" valign="bottom" style= "width:45.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 19.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 6.63%</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:16"> <td width="486" valign="bottom" style= "width:364.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 355.1pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total senior notes<span style= "mso-tab-count:1 dotted">..........................................................................................................................</span></span></span> </p> </td> <td width="83" valign="bottom" style= "width:62.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 3,468,403</span></u></span> </p> </td> <td width="61" valign="bottom" style= "width:45.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 32.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:17"> <td width="486" valign="bottom" style= "width:364.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 355.1pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Other notes:</span></span> </p> </td> <td width="83" valign="bottom" style= "width:62.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="61" valign="bottom" style= "width:45.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 32.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:18"> <td width="486" valign="bottom" style= "width:364.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 355.1pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">November20, 2009 (1)<span style= "mso-tab-count:1 dotted">.................................................................................................................</span></span></span> </p> </td> <td width="83" valign="bottom" style= "width:62.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 25,000</span></span> </p> </td> <td width="61" valign="bottom" style= "width:45.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 19.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 7.30%</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:19"> <td width="486" valign="bottom" style= "width:364.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 355.1pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">April13, 2011 (1)(7)<span style= "mso-tab-count:1 dotted">.......................................................................................................................</span></span></span> </p> </td> <td width="83" valign="bottom" style= "width:62.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 511,560</span></u></span> </p> </td> <td width="61" valign="bottom" style= "width:45.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 19.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 4.38%</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:20"> <td width="486" valign="bottom" style= "width:364.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 355.1pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total other notes<span style= "mso-tab-count:1 dotted">............................................................................................................................</span></span></span> </p> </td> <td width="83" valign="bottom" style= "width:62.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 536,560</span></u></span> </p> </td> <td width="61" valign="bottom" style= "width:45.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 32.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:21"> <td width="486" valign="bottom" style= "width:364.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 355.1pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total par value<span style= "mso-tab-count:1 dotted">.................................................................................................................................</span></span></span> </p> </td> <td width="83" valign="bottom" style= "width:62.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 4,004,963</span></span> </p> </td> <td width="61" valign="bottom" style= "width:45.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 32.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:22"> <td width="486" valign="bottom" style= "width:364.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 355.1pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Discount, net<span style= "mso-tab-count: 1 dotted">....................................................................................................................................</span></span></span> </p> </td> <td width="83" valign="bottom" style= "width:62.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> (9,553</span></u></span><span><span style= "font-size:10.0pt;line-height:93%">)</span></span> </p> </td> <td width="61" valign="bottom" style= "width:45.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 32.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:23;mso-yfti-lastrow:yes"> <td width="486" valign="bottom" style= "width:364.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 355.1pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total senior and other notes, net<span style= "mso-tab-count:1 dotted">..................................................................................................</span></span></span> </p> </td> <td width="83" valign="bottom" style= "width:62.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$ 3,995,410</span></u></span> </p> </td> <td width="61" valign="bottom" style= "width:45.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 32.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "text-align:justify;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt">____________</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-padding-alt:0in 4.5pt 0in 4.5pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(1)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Principal due at maturity.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(2)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Represents $250.0million of senior notes that bear interest at a variable rate based on LIBOR plus a margin (2.4% at December31, 2008).</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(3)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Beginning on February1, 2010, and through February1, 2015, requires annual principal payments ranging from $10.0million to $20.0million.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:6"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(4)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Beginning on March1, 2010, and through March1, 2015, requires annual principal payments ranging from $5.0million to $12.5million.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:7"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:8"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(5)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Beginning on May15, 2010, and through May15, 2016, requires annual principal payments ranging from $5.0million to $12.5million.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:9"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:10"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(6)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">We issued these notes in May 2008.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:11"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:12;mso-yfti-lastrow:yes"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(7)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Represents &#8364;350.0million notes.</span></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Our obligations under the senior notes are effectively subordinated in certain respects to any of our debt that is secured by a lien on real property, to the extent of the value of such real property. The senior notes require interest payments be made quarterly, semi-annually or annually.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">We have designated the senior and other notes and our credit facilities as &#8220;Designated Senior Debt&#8221; under and as defined in the Amended and Restated Security Agency Agreement dated as of October6, 2005 (the &#8220;Security Agency Agreement&#8221;) among various creditors (or their representatives) and Bank of America, N.A., as Collateral Agent. The Security Agency Agreement provides that all Designated Senior Debt holders will, subject to certain exceptions and limitations, have the benefit of certain pledged intercompany receivables and share payments and other recoveries received post default/post acceleration so that all Designated Senior Debt holders receive payment of substantially the same percentage of their respective credit obligations.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:7.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">All of the senior and other notes, except for the $250.0million floating rate notes due August24, 2009, are redeemable at any time at our option, subject to certain prepayment penalties. Such redemption and other terms are governed by the provisions of indenture agreements, various note purchase agreements and a trust deed.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:7.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><i><span style="font-size:10.0pt">Convertible Notes</span></i></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">In May 2008, we closed on $550.0million of 2.625% convertible senior notes due 2038 and $600.0million of senior notes. The proceeds were used to repay $346.6million of secured debt that was scheduled to mature in November 2008, borrowings on our credit facilities and for general corporate purposes. In addition, we issued convertible senior notes in 2007 due 2037, ($1.25billion in March 2007 and $1.12billion in November 2007). We used the net proceeds of approximately $2.33billion, after underwriter&#8217;s discounts, to repay a portion of the outstanding balance under our Global Line, to repay our 7.25%senior notes that matured in November 2007 and for general corporate purposes. We refer to the three convertible senior note issuances as &#8220;Convertible Notes&#8221;.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:7.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">The Convertible Notes are senior obligations of ProLogis and are convertible, under certain circumstances, for cash, our common shares or a combination of cash and our common shares, at our option, at a conversion rate per $1,000 of principal amount of the notes of 13.0576shares for the March 2007 issuance, 12.1957shares for the November 2007 issuance and 13.1203shares for the May 2008 issuance. The initial conversion price represents a 20% premium over the closing price of our common shares at the date of first sale ($76.58 for the March 2007 issuance, $82.00 for the November 2007 issuance and $76.22 for the May 2008 issuance) and is subject to adjustment under certain circumstances. The notes, issued in 2007 and 2008, are redeemable at our option beginning in 2012 and 2013, respectively, for the principal amount plus accrued and unpaid interest and at any time prior to maturity to the extent necessary to preserve our status as a REIT. Holders of the notes have the right to require us to repurchase their notes for cash on specific dates approximately every five years beginning in 2012 and 2013, respectively, and at any time prior to their maturity upon certain limited circumstances. Therefore, we have reflected these amounts in 2012 and 2013 in the schedule of debt maturities below.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:7.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">While we have the legal right to settle the conversion in either cash or shares, we intend to settle the principal balance of the Convertible Notes in cash and, therefore, we have not included the effect of the conversion of these notes in our computation of diluted earnings per share. Based on the current conversion rates, 37.2million shares would be required to settle the principal amount in shares. Such potentially dilutive shares, and the corresponding adjustment to interest expense, are not included in our computation of diluted earnings per share. The amount in excess of the principal balance of the notes (the &#8220;Conversion Spread&#8221;) will be settled in cash or, at our option, ProLogis common shares. When the Conversion Spread becomes dilutive to our earnings per share, (i.e., when our share price exceeds $76.58 for the March issuance, $82.00 for the November issuance and $76.22 for the May 2008 issuance) we will include the shares in our computation of diluted earnings per share. The conversion option associated with the notes, when analyzed as a free standing instrument, meets the criteria under the Emerging Issues Task Force Issue No.00-19 &#8220;<i>Accounting for Derivative Financial Instruments</i> <i>Indexed to, and Potentially Settled in, a Company&#8217;s own Common Stock</i>&#8221;, and therefore, we have accounted for the debt as a single instrument and not bifurcated the derivative instrument. See Note2 for a change in accounting that will impact our accounting for the Convertible Notes beginning January1, 2009.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:7.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><i><span style="font-size:10.0pt">Secured Debt</span></i></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:7.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Our secured debt outstanding at December31, 2008 includes any premium or discount recorded at acquisition and consisted of the following (dollars in thousands):</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:7.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="375" valign="top" style= "width:281.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 272.2pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 272.2pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 272.2pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 272.2pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%">Maturity Date</span></u></b></span> </p> </td> <td width="65" valign="top" style= "width:48.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 22.0pt left 44.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 22.0pt left 44.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 22.0pt left 44.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> Interest</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 22.0pt left 44.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Rate(1)<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="48" valign="top" style= "width:36.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 15.75pt left 31.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 15.75pt left 31.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> Periodic</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 15.75pt left 31.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> Payment</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 15.75pt left 31.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Date<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="65" valign="top" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 22.05pt left 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 22.05pt left 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 22.05pt left 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> Carrying</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 22.05pt left 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Value<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="77" valign="top" style= "width:57.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="center" style= "text-align:center;line-height:93%; tab-stops:56.4pt center 66.45pt;mso-layout-grid-align:none;text-autospace: none"> <span><b><span style= "font-size:8.0pt;line-height:93%">Balloon</span></b></span> </p> <p class="MsoNormal" align="center" style= "text-align:center;line-height:93%; tab-stops:56.4pt center 66.45pt;mso-layout-grid-align:none;text-autospace: none"> <span><b><span style= "font-size:8.0pt;line-height:93%">Payment</span></b></span> </p> <p class="MsoNormal" align="center" style= "text-align:center;line-height:93%; tab-stops:56.4pt center 66.45pt;mso-layout-grid-align:none;text-autospace: none"> <span><b><span style= "font-size:8.0pt;line-height:93%">Due at</span></b></span> </p> <h2 style="tab-stops:center 27.15pt left 56.4pt"> <span><span style="mso-tab-count:1"></span> Maturity<span style="mso-tab-count:1"></span></span> </h2> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="375" valign="bottom" style= "width:281.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 272.2pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">April1, 2012<span style= "mso-tab-count:1 dotted">................................................................................................</span></span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="center" style= "text-align:center;line-height:93%; tab-stops:0in decimal 6.25pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">7.05%</span></span> </p> </td> <td width="48" valign="bottom" style= "width:36.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (2)</span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 234,044</span></span> </p> </td> <td width="77" valign="bottom" style= "width:57.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="center" style= "text-align:center;line-height:93%; tab-stops:0in decimal 44.15pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 196,462</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td width="375" valign="bottom" style= "width:281.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 272.2pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">August1, 2015<span style= "mso-tab-count:1 dotted">............................................................................................</span></span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="center" style= "text-align:center;line-height:93%; tab-stops:0in decimal 6.25pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">5.47%</span></span> </p> </td> <td width="48" valign="bottom" style= "width:36.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (2)</span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 131,069</span></span> </p> </td> <td width="77" valign="bottom" style= "width:57.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="center" style= "text-align:center;line-height:93%; tab-stops:0in decimal 44.15pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 111,690</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td width="375" valign="bottom" style= "width:281.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 272.2pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">April12, 2016<span style= "mso-tab-count:1 dotted">..............................................................................................</span></span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="center" style= "text-align:center;line-height:93%; tab-stops:0in decimal 6.25pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">7.25%</span></span> </p> </td> <td width="48" valign="bottom" style= "width:36.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (2)</span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 202,326</span></span> </p> </td> <td width="77" valign="bottom" style= "width:57.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="center" style= "text-align:center;line-height:93%; tab-stops:0in decimal 44.15pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 149,917</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td width="375" valign="bottom" style= "width:281.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 272.2pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">April1, 2024<span style= "mso-tab-count:1 dotted">................................................................................................</span></span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="center" style= "text-align:center;line-height:93%; tab-stops:0in decimal 6.25pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">7.58%</span></span> </p> </td> <td width="48" valign="bottom" style= "width:36.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (2)</span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 192,623</span></span> </p> </td> <td width="77" valign="bottom" style= "width:57.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="center" style= "text-align:center;line-height:93%; tab-stops:0in decimal 44.15pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 127,187</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td width="375" valign="bottom" style= "width:281.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 272.2pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Various<span style= "mso-tab-count: 1 dotted">.........................................................................................................</span></span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="center" style= "text-align:center;line-height:93%; tab-stops:0in decimal 19.15pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">(3)</span></span> </p> </td> <td width="48" valign="bottom" style= "width:36.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (3)</span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 117,854</span></u></span> </p> </td> <td width="77" valign="bottom" style= "width:57.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="center" style= "text-align:center;line-height:93%; tab-stops:0in decimal 44.15pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">(3)</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:6;mso-yfti-lastrow:yes"> <td width="375" valign="bottom" style= "width:281.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 272.2pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total secured debt(4)<span style= "mso-tab-count:1 dotted">...............................................................................</span></span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="center" style= "text-align:center;line-height:93%; tab-stops:0in decimal 19.15pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%"></span></span> </p> </td> <td width="48" valign="bottom" style= "width:36.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 877,916</span></u></span> </p> </td> <td width="77" valign="bottom" style= "width:57.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="center" style= "text-align:center;line-height:93%; tab-stops:0in decimal 44.15pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%"></span></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "text-align:justify;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt">____________</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-padding-alt:0in 4.5pt 0in 4.5pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(1)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">The weighted average annual interest rate for total secured debt was 6.73% for the year ended December31, 2008.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(2)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Monthly amortization with a balloon payment due at maturity.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(3)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Includes 12 mortgage notes with interest rates ranging from 4.7% to 7.23%, maturing from 2009 to 2025, primarily requiring monthly amortization with a balloon payment at maturity. The combined balloon payment for all of the notes is $109.3 million.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:6;mso-yfti-lastrow:yes"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(4)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Debt is secured by 185 real estate properties with an aggregate undepreciated cost of $1.9billion at December31, 2008.</span></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><i><span style="font-size:8.0pt"></span></i></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><i><span style="font-size:10.0pt">Assessment Bonds</span></i></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:8.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">The assessment bonds are issued by municipalities and guaranteed by us as a means of financing infrastructure and are secured by assessments (similar to property taxes) on various underlying real estate properties with an aggregate undepreciated cost of $999.2million at December31, 2008. Interest rates range from 4.75% per annum to 8.75% per annum. Maturity dates range from 2009 to 2033.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:8.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><i><span style="font-size:10.0pt">Debt Covenants</span></i></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:8.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Under the terms of certain of our debt agreements, we are currently subject to six different sets of financial covenants that include leverage ratios, fixed charge and debt service coverage ratios, investments and indebtedness to total asset value ratios, minimum consolidated net worth and restrictions on distributions and redemptions. The most restrictive covenants relate to the total leverage ratio and the fixed charge coverage ratio. All covenants are calculated based on the definitions and calculations included in the respective debt agreements, which may be different than definitions within other agreements.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:8.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">All of our senior notes were issued under the 1995 indenture (&#8220;Original Indenture&#8221;) or supplemental indentures. We refer to the Original Indenture, as amended by supplemental indentures, collectively as the &#8220;Indenture&#8221;. These notes are subject to certain financial covenants, other than the convertible senior notes that, although issued under the Indenture, are not subject to financial covenants. In November 2005, in connection with the issuance of senior notes, we modified certain financial and operating covenants under the Indenture. Also, in May 2008, in connection with an additional issuance of senior notes, we further modified certain financial and operating covenants under the Indenture. All notes issued under the Indenture are currently subject to the Original Indenture covenants until all senior notes outstanding prior to November2, 2005 are repaid. At that time, any senior notes issued on or after November2, 2005 and before May7, 2008 will be subject to the covenants as modified in November 2005 under the Second Supplemental Indenture (and such notes are also currently subject to such modified covenants), and any senior notes issued on or after May7, 2008 will be subject to the covenants as modified in May 2008 under the Seventh Supplemental Indenture (and such notes are also currently subject to such modified covenants).</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:8.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">As of December31, 2008, we were in compliance with all of our debt covenants.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:8.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><i><span style="font-size:10.0pt">Long-Term Debt Maturities</span></i></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:8.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Principal payments due on our debt, excluding unsecured lines of credit, during each of the years in the five-year period ending December31, 2013 and thereafter are as follows (in thousands):</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:8.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="556" valign="bottom" style= "width:417.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 407.65pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">2009 (1)<span style= "mso-tab-count: 1 dotted">....................................................................................................................................................................</span></span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 46.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 339,276</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="556" valign="bottom" style= "width:417.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 407.65pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">2010<span style= "mso-tab-count:1 dotted">..........................................................................................................................................................................</span></span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 46.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 249,909</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td width="556" valign="bottom" style= "width:417.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 407.65pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">2011<span style= "mso-tab-count:1 dotted">..........................................................................................................................................................................</span></span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 46.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 561,552</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td width="556" valign="bottom" style= "width:417.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 407.65pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">2012 (2)<span style= "mso-tab-count: 1 dotted">....................................................................................................................................................................</span></span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 46.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 3,074,021</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td width="556" valign="bottom" style= "width:417.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 407.65pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">2013 (2)<span style= "mso-tab-count: 1 dotted">....................................................................................................................................................................</span></span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 46.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 926,631</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td width="556" valign="bottom" style= "width:417.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 407.65pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Thereafter<span style="mso-tab-count: 1 dotted">.................................................................................................................................................................</span></span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 46.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 2,643,933</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:6"> <td width="556" valign="bottom" style= "width:417.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 407.65pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total principal due<span style= "mso-tab-count:1 dotted">.................................................................................................................................................</span></span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 46.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 7,795,322</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:7"> <td width="556" valign="bottom" style= "width:417.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 407.65pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Discount, net<span style= "mso-tab-count: 1 dotted">...........................................................................................................................................................</span></span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 46.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> (5,969</span></u></span><span><span style= "font-size:10.0pt;line-height:93%">)</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:8;mso-yfti-lastrow:yes"> <td width="556" valign="bottom" style= "width:417.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 407.65pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total carrying value<span style= "mso-tab-count:1 dotted">..............................................................................................................................................</span></span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 46.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$ 7,789,353</span></u></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "text-align:justify;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt">____________</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-padding-alt:0in 4.5pt 0in 4.5pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(1)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">We have the intent and ability to pay the amounts due in 2009 with available cash or borrowings under our available credit facilities.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:2;mso-yfti-lastrow:yes"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(2)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">The maturities in 2012 and 2013 included the aggregate principal amounts of the convertible notes of $2,370.5million and $550.0million, respectively, due to potential conversion and/or redemption in these years, as discussed above.</span></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><i><span style="font-size:10.0pt"></span></i></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><i><span style="font-size:10.0pt">Interest Expense</span></i></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Interest expense includes the following components (in thousands):</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="411" valign="top" style= "width:308.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 299.05pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="219" colspan="3" valign="top" style= "width:164.3pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 77.7pt left 153.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Years Ended December31,<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="411" valign="top" style= "width:308.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 299.05pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="75" valign="top" style= "width:55.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 23.25pt left 43.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2008<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="75" valign="top" style= "width:55.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 23.25pt left 43.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2007<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="70" valign="top" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 23.25pt left 43.5pt 47.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2006<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td width="411" valign="bottom" style= "width:308.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 299.05pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Gross interest expense<span style= "mso-tab-count:1 dotted">............................................................................................</span></span></span> </p> </td> <td width="75" valign="bottom" style= "width:55.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 477,933</span></span> </p> </td> <td width="75" valign="bottom" style= "width:55.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 487,410</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 397,453</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td width="411" valign="bottom" style= "width:308.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 299.05pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Amortization of premium, net<span style= "mso-tab-count:1 dotted">.............................................................................</span></span></span> </p> </td> <td width="75" valign="bottom" style= "width:55.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (702)</span></span> </p> </td> <td width="75" valign="bottom" style= "width:55.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (7,797)</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (13,861)</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td width="411" valign="bottom" style= "width:308.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 299.05pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Amortization of deferred loan costs<span style= "mso-tab-count:1 dotted">...................................................................</span></span></span> </p> </td> <td width="75" valign="bottom" style= "width:55.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 12,759</span></u></span> </p> </td> <td width="75" valign="bottom" style= "width:55.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 10,555</span></u></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 7,673</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td width="411" valign="top" style= "width:308.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 299.05pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"></span></span> </p> </td> <td width="75" valign="top" style= "width:55.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 489,990</span></span> </p> </td> <td width="75" valign="top" style= "width:55.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 490,168</span></span> </p> </td> <td width="70" valign="top" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 391,265</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:6"> <td width="411" valign="bottom" style= "width:308.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 299.05pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Capitalized amounts<span style= "mso-tab-count:1 dotted">..............................................................................................</span></span></span> </p> </td> <td width="75" valign="bottom" style= "width:55.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> (148,685</span></u></span><span><span style= "font-size:10.0pt;line-height:93%">)</span></span> </p> </td> <td width="75" valign="bottom" style= "width:55.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> (121,656</span></u></span><span><span style= "font-size:10.0pt;line-height:93%">)</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> (95,636</span></u></span><span><span style= "font-size:10.0pt;line-height:93%">)</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:7;mso-yfti-lastrow:yes"> <td width="411" valign="bottom" style= "width:308.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 299.05pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">Net interest expense<span style= "mso-tab-count:1 dotted">..............................................................................................</span></span></span> </p> </td> <td width="75" valign="bottom" style= "width:55.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 341,305</span></u></span> </p> </td> <td width="75" valign="bottom" style= "width:55.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 368,512</span></u></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 295,629</span></u></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p><span><span style= "font-size:10.0pt;font-family:Times New Roman,serif;mso-fareast-font-family: Times New Roman;mso-ansi-language:EN-US;mso-fareast-language:EN-US; mso-bidi-language:AR-SA">The amount of interest paid in cash, net of amounts capitalized, for the years ended December31, 2008, 2007 and 2006 was $339.5million, $356.8million and $288.2million, respectively.</span></span> <style> /*<![CDATA[*/ st1:*{behavior:url(#ieooui) } <!-- /* Font Definitions */ @font-face {font-family:"Cambria Math"; panose-1:2 4 5 3 5 4 6 3 2 4; mso-font-charset:0; mso-generic-font-family:roman; mso-font-pitch:variable; mso-font-signature:-1610611985 1107304683 0 0 159 0;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-unhide:no; mso-style-qformat:yes; mso-style-parent:""; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman","serif"; mso-fareast-font-family:"Times New Roman";} h2 {mso-style-unhide:no; mso-style-qformat:yes; mso-style-link:"Heading 2 Char"; mso-style-next:Normal; margin:0in; margin-bottom:.0001pt; line-height:93%; mso-pagination:widow-orphan; page-break-after:avoid; mso-outline-level:2; tab-stops:center 33.65pt left 67.35pt; mso-layout-grid-align:none; text-autospace:none; font-size:8.0pt; font-family:"Times New Roman","serif"; text-decoration:underline; text-underline:single;} h6 {mso-style-unhide:no; mso-style-qformat:yes; mso-style-link:"Heading 6 Char"; mso-style-next:Normal; margin:0in; margin-bottom:.0001pt; page-break-before:always; mso-pagination:widow-orphan; page-break-after:avoid; mso-outline-level:6; mso-layout-grid-align:none; text-autospace:none; font-size:10.0pt; font-family:"Times New Roman","serif"; font-weight:normal; font-style:italic;} p.MsoBodyText, li.MsoBodyText, div.MsoBodyText {mso-style-unhide:no; mso-style-link:"Body Text Char"; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; mso-layout-grid-align:none; text-autospace:none; font-size:10.0pt; font-family:"Times New Roman","serif"; mso-fareast-font-family:"Times New Roman";} span.Heading2Char {mso-style-name:"Heading 2 Char"; mso-style-unhide:no; mso-style-locked:yes; mso-style-link:"Heading 2"; mso-ansi-font-size:8.0pt; mso-bidi-font-size:8.0pt; font-weight:bold; text-decoration:underline; text-underline:single;} span.Heading6Char {mso-style-name:"Heading 6 Char"; mso-style-unhide:no; mso-style-locked:yes; mso-style-link:"Heading 6"; font-style:italic;} span.BodyTextChar {mso-style-name:"Body Text Char"; mso-style-unhide:no; mso-style-locked:yes; mso-style-link:"Body Text";} .MsoChpDefault {mso-style-type:export-only; mso-default-props:yes; font-size:10.0pt; mso-ansi-font-size:10.0pt; mso-bidi-font-size:10.0pt;} @page Section1 {size:8.5in 11.0in; margin:1.0in 1.0in 1.0in 1.0in; mso-header-margin:.5in; mso-footer-margin:.5in; mso-paper-source:0;} div.Section1 {page:Section1;} - --> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} /*]]>*/ </style> </div> <div> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <a name= "_AUC624e8f21581a48958629801d8367f20b"><b><span style="font-size:10.0pt"> 17.Financial Instruments:</span></b></a> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><i><span style="font-size:10.0pt">Derivative Financial Instruments</span></i></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">We may use derivative financial instruments as hedges to manage our risk associated with interest and foreign currency exchange rate fluctuations on existing or anticipated obligations and transactions. We do not use derivative financial instruments for trading purposes.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "page-break-before:always;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt">The primary risks associated with derivative instruments are market risk and credit risk. Market risk is defined as the potential for loss in the value of the derivative due to adverse changes in market prices (interest rates or foreign currency exchange rates). The use of derivative financial instruments allows us to manage the risks of increases in interest rates and fluctuations in foreign currency exchange rates with respect to the effects these fluctuations would have on our earnings and cash flows.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Credit risk is the risk that one of the parties to a derivative contract fails to perform or meet their financial obligation under the contract. We do not obtain collateral to support financial instruments subject to credit risk but we monitor the credit standing of the counterparties, primarily global commercial banks. We do not anticipate non-performance by any of the counterparties to our derivative contracts. However, should a counterparty fail to perform, we could incur a financial loss to the extent of the positive fair market value of the derivative contracts.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">The following table summarizes the activity in our derivative contracts for the years ended December31, 2008, 2007 and 2006 (in millions):</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="363" valign="top" style= "width:272.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 262.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 262.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="94" valign="top" style= "width:70.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 32.75pt left 65.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> Foreign Currency</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 32.75pt left 65.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Put Options (1) </span></u></b></span> </p> </td> <td width="94" valign="top" style= "width:70.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 32.75pt left 65.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> Foreign Currency</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 32.75pt left 65.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Forwards (2)<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="80" valign="top" style= "width:59.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 27.6pt left 55.25pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> Interest</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 27.6pt left 55.25pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%">Rate Swaps (3)<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="363" valign="bottom" style= "width:272.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 262.9pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Notional amounts at January1, 2006<span style= "mso-tab-count:1 dotted">................................................</span></span></span> </p> </td> <td width="94" valign="bottom" style= "width:70.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 14.05pt decimal 51.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> $<span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> <td width="94" valign="bottom" style= "width:70.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 10.2pt decimal 55.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> $<span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> <td width="80" valign="bottom" style= "width:59.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 8.9pt decimal 46.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> $<span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td width="363" valign="bottom" style= "width:272.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 262.9pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">New contracts<span style= "mso-tab-count: 1 dotted">.........................................................................................</span></span></span> </p> </td> <td width="94" valign="bottom" style= "width:70.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 43.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 169.3</span></span> </p> </td> <td width="94" valign="bottom" style= "width:70.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 47.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 900.3</span></span> </p> </td> <td width="80" valign="bottom" style= "width:59.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 38.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 350.0</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td width="363" valign="bottom" style= "width:272.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 262.9pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Matured or expired contracts<span style= "mso-tab-count:1 dotted">..............................................................</span></span></span> </p> </td> <td width="94" valign="bottom" style= "width:70.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 14.05pt decimal 43.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u><span style= "mso-tab-count:1"></span> (114.6</u>)</span></span> </p> </td> <td width="94" valign="bottom" style= "width:70.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 10.2pt decimal 47.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u><span style= "mso-tab-count:1"></span> (239.3</u>)</span></span> </p> </td> <td width="80" valign="bottom" style= "width:59.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 8.9pt decimal 38.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u><span style= "mso-tab-count:1"></span> (350.0</u>)</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td width="363" valign="bottom" style= "width:272.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 262.9pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Notional amounts at December31, 2006<span style= "mso-tab-count:1 dotted">..........................................</span></span></span> </p> </td> <td width="94" valign="bottom" style= "width:70.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 43.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 54.7</span></span> </p> </td> <td width="94" valign="bottom" style= "width:70.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 47.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 661.0</span></span> </p> </td> <td width="80" valign="bottom" style= "width:59.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 46.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td width="363" valign="bottom" style= "width:272.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 262.9pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">New contracts<span style= "mso-tab-count: 1 dotted">.........................................................................................</span></span></span> </p> </td> <td width="94" valign="bottom" style= "width:70.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> <td width="94" valign="bottom" style= "width:70.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 47.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2,637.2</span></span> </p> </td> <td width="80" valign="bottom" style= "width:59.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 38.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 959.2</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:6"> <td width="363" valign="bottom" style= "width:272.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 262.9pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Matured or expired contracts<span style= "mso-tab-count:1 dotted">..............................................................</span></span></span> </p> </td> <td width="94" valign="bottom" style= "width:70.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 14.05pt decimal 43.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u><span style= "mso-tab-count:1"></span> (54.7</u>)</span></span> </p> </td> <td width="94" valign="bottom" style= "width:70.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 10.2pt decimal 47.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u><span style= "mso-tab-count:1"></span> (2,937.5</u>)</span></span> </p> </td> <td width="80" valign="bottom" style= "width:59.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 8.9pt decimal 38.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u><span style= "mso-tab-count:1"></span> (959.2</u>)</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:7"> <td width="363" valign="bottom" style= "width:272.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 262.9pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Notional amounts at December31, 2007<span style= "mso-tab-count:1 dotted">..........................................</span></span></span> </p> </td> <td width="94" valign="bottom" style= "width:70.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> <td width="94" valign="bottom" style= "width:70.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 47.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 360.7</span></span> </p> </td> <td width="80" valign="bottom" style= "width:59.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 46.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:8"> <td width="363" valign="bottom" style= "width:272.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 262.9pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">New contracts<span style= "mso-tab-count: 1 dotted">.........................................................................................</span></span></span> </p> </td> <td width="94" valign="bottom" style= "width:70.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> <td width="94" valign="bottom" style= "width:70.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 55.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> <td width="80" valign="bottom" style= "width:59.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 38.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 250.0</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:9"> <td width="363" valign="bottom" style= "width:272.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 262.9pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Matured or expired contracts<span style= "mso-tab-count:1 dotted">..............................................................</span></span></span> </p> </td> <td width="94" valign="bottom" style= "width:70.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 14.05pt decimal 51.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u><span style= "mso-tab-count:1"></span> &#8212;</u></span></span> </p> </td> <td width="94" valign="bottom" style= "width:70.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 10.2pt decimal 47.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u><span style= "mso-tab-count:1"></span> (360.7</u>)</span></span> </p> </td> <td width="80" valign="bottom" style= "width:59.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 8.9pt decimal 38.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u><span style= "mso-tab-count:1"></span> (250.0</u>)</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:10;mso-yfti-lastrow:yes"> <td width="363" valign="bottom" style= "width:272.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 262.9pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Notional amounts at December31, 2008<span style= "mso-tab-count:1 dotted">..........................................</span></span></span> </p> </td> <td width="94" valign="bottom" style= "width:70.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 14.05pt decimal 51.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u style= "text-underline:double">$<span style= "mso-tab-count:1"></span> &#8212;</u></span></span> </p> </td> <td width="94" valign="bottom" style= "width:70.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 10.2pt decimal 55.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u style= "text-underline:double">$<span style= "mso-tab-count:1"></span> &#8212;</u></span></span> </p> </td> <td width="80" valign="bottom" style= "width:59.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 8.9pt decimal 46.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u style= "text-underline:double">$<span style= "mso-tab-count:1"></span> &#8212;</u></span></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "text-align:justify;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt">____________</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-padding-alt:0in 4.5pt 0in 4.5pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(1)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">The foreign currency put option contracts are paid in full at execution and are related to our operations in Europe and Japan. The put option contracts provide us with the option to exchange euros, pounds sterling and yen for U.S. dollars at a fixed exchange rate such that, if the euro, pound sterling or yen were to depreciate against the U.S. dollar to predetermined levels as set by the contracts, we could exercise our options and mitigate our foreign currency exchange losses.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">These contracts do not qualify for hedge accounting treatment and are marked-to-market through earnings at the end of each period. We did not recognize any expense in 2008 or 2007, and net expense of $1.5million in 2006.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(2)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">The foreign currency forward contracts were designed to manage the foreign currency fluctuations of intercompany loans denominated in a currency other than the entity&#8217;s functional currency and not deemed to be a long-term investment. The foreign currency forward contracts allowed us to sell pounds sterling and euros at a fixed exchange rate to the U.S. dollar. These contracts were not designated as hedges, were marked-to-market through earnings and were substantially offset by the remeasurement gains and losses recognized on the associated intercompany loans. We had no forward contracts related to intercompany loans outstanding at December31, 2008. We recognized net losses of $3.1million, $95.9million and $13.3million for the years ended December31, 2008, 2007 and 2006, respectively, related to these contracts.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:6"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">During the second quarter of 2007, we purchased several foreign currency forward contracts to manage the foreign currency fluctuations of the purchase price of MPR (see Note5). These contracts allowed us to buy Australian dollars at a fixed exchange rate to the U.S. dollar. Derivative instruments used to manage the foreign currency fluctuations of an anticipated business combination do not qualify for hedge accounting treatment and are included in earnings. The contracts settled in July 2007 in connection with the completed acquisition and resulted in the recognition of a net gain of $26.6million in Foreign Currency Exchange Gains (Losses), Net for the year ended December31, 2007.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:7"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:8"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "page-break-before:always;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">(3)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">During 2008, 2007 and 2006, we entered into several contracts with total notional amounts of $250.0million, $959.2million, and $350.0million, respectively, associated with an anticipated debt issuance.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:9"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:10"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "margin-left:.2in;text-indent:-.2in;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "margin-left:.2in;text-indent:-.2in;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">&#8226;<span style= "mso-tab-count:1"></span> During 2008, in connection with the issuance of senior notes and convertible senior notes, we entered into contracts that qualified as cash flow hedges and recognized a decrease in value of $3.3million, associated with the unwinding of these contracts, in Accumulated Other Comprehensive Income (Loss) and began amortizing as an increase to interest expense as interest payments are made on the related notes.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:11"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:12"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "margin-left:.2in;text-indent:-.2in;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "margin-left:.2in;text-indent:-.2in;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">&#8226;<span style= "mso-tab-count:1"></span> In June 2007, we entered into a contract with a notional amount of $188.0million, which represented our share of future debt issuances of a new property fund we formed in July 2007, the ProLogis North American Industrial FundIII. This contract was transferred into the fund at formation, at which time the contracts qualified for hedge accounting treatment by the fund. See Note5 for additional information on these contracts.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:13"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "margin-left:.2in;text-indent:-.2in;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "margin-left:.2in;text-indent:-.2in;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:14"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "margin-left:.2in;text-indent:-.2in;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "margin-left:.2in;text-indent:-.2in;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">&#8226;<span style= "mso-tab-count:1"></span> In June 2007, we entered into contracts with an aggregate notional amount of $271.2million associated with future debt issuances of a new property fund we formed in July 2007, the ProLogis North American Industrial FundII. These contracts did not qualify for hedge accounting treatment by us and were marked-to-market resulting in additional interest expense of $0.8million for the year ended December31, 2007. These contracts were transferred to ProLogis North American Industrial FundII following the establishment of the fund, at which time the contracts qualified for hedge accounting treatment by the fund. See Note5 for additional information on these contracts.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:15"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "margin-left:.2in;text-indent:-.2in;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "margin-left:.2in;text-indent:-.2in;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:16"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "margin-left:.2in;text-indent:-.2in;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "margin-left:.2in;text-indent:-.2in;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">&#8226;<span style= "mso-tab-count:1"></span> In February 2007, we entered into contracts with an aggregate notional amount of $500.0million associated with a future debt issuance. All of these contracts were designated as cash flow hedges, qualified for hedge accounting treatment and allowed us to fix a portion of the interest rate associated with the anticipated issuance of senior notes. In March 2007, in connection with the issuance of the convertible notes, we unwound the contracts, recognized a decrease in value of $1.4million associated with these contracts in Accumulated Other Comprehensive Income (Loss) and began amortizing as an increase to interest expense as interest payments are made on the senior notes.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:17"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "margin-left:.2in;text-indent:-.2in;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "margin-left:.2in;text-indent:-.2in;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:18;mso-yfti-lastrow:yes"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "margin-left:.2in;text-indent:-.2in;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "margin-left:.2in;text-indent:-.2in;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">&#8226;<span style= "mso-tab-count:1"></span> In 2006, all contracts were designated as cash flow hedges and qualified for hedge accounting treatment, which allowed us to fix a portion of the interest rate associated with the issuance of senior notes. All of the contracts were settled as of December31, 2006 and we recognized a decrease in value of $13.1million associated with these contracts in Accumulated Other Comprehensive Income (Loss) as of December31, 2006. The amount in other comprehensive income related to these contracts is being amortized as an increase to interest expense as interest payments are made on the senior notes.</span></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><i><span style="font-size:10.0pt">Fair Value of Financial Instruments</span></i></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">We have estimated the fair value of our financial instruments using available market information and valuation methodologies we believe to be appropriate for these purposes. Considerable judgment and a high degree of subjectivity are involved in developing these estimates and, accordingly, they are not necessarily indicative of amounts that we would realize upon disposition.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Effective January1, 2008, we adopted SFAS157, which defines fair value based on the price that would be received upon sale of an asset or the exit price that would be paid to transfer a liability in an orderly transaction between market participants at the measurement date. SFAS157 establishes a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value. The fair value hierarchy consists of three broad levels, which are described below:</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "margin-left:.2in;text-indent:-.2in;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">&#8226;<span style= "mso-tab-count:1"></span> Level1&#8212; Quoted prices in active markets for identical assets or liabilities that the entity has the ability to access.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "margin-left:.2in;text-indent:-.2in;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">&#8226;<span style= "mso-tab-count:1"></span> Level2&#8212; Observable inputs, other than quoted prices included in Level1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "margin-left:.2in;text-indent:-.2in;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">&#8226;<span style= "mso-tab-count:1"></span> Level3&#8212; Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets and liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">At December31, 2008 and 2007, the carrying amounts of certain of our financial instruments, including cash and cash equivalents, accounts and notes receivable and accounts payable and accrued expenses were representative of their fair values due to the short-term nature of these instruments, the recent acquisition of these items or, in the case of notes receivable, adjustments to fair value made in connection with impairment charges recorded in 2008. At December31, 2008 and 2007, the fair value of our senior notes and unsecured debt and convertible notes, have been estimated based upon quoted market prices for the same or similar issues when current quoted market prices are available (Level1), the fair value of our lines of credit have been estimated by discounting the future cash flows using rates and borrowing spreads currently available to us (Level3), and the fair value of our secured debt and assessment bonds, and unsecured debt that does not have current quoted market prices available have been estimated by discounting the future cash flows using rates currently available to us for debt with similar terms and maturities (Level3). To calculate the fair value of the derivative contracts, we primarily use quoted process for similar contracts (Level2). The differences in the fair value of our debt from the carrying value in the table below are the result of differences in interest rates and/or borrowing spreads that were available to us at December31, 2008 and 2007 as compared with those in effect when the debt was issued or acquired. In addition, based on debt market conditions as of December31, 2008, many of our public debt issuances are trading at a significant discount to par value. The senior notes and many of the issues of secured debt contain pre-payment penalties or yield maintenance provisions that could make the cost of refinancing the debt at the lower rates exceed the benefit that would be derived from doing so.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">The following table reflects the carrying amounts and estimated fair values of our financial instruments (in thousands):</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="308" valign="top" style= "width:230.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 221.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="323" colspan="4" valign="top" style= "width:242.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 118.65pt left 237.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> December31,<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="308" valign="top" style= "width:230.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 221.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="158" colspan="2" valign="top" style= "width:118.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 56.85pt left 113.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2008<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="165" colspan="2" valign="top" style= "width:123.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 59.45pt left 118.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2007<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td width="308" valign="top" style= "width:230.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 221.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 221.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="82" valign="top" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 28.55pt left 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> Carrying</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 28.55pt left 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Value<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="75" valign="top" style= "width:56.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 25.95pt left 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 25.95pt left 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Fair Value<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="82" valign="top" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 28.55pt left 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> Carrying</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 28.55pt left 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Value<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="82" valign="top" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 28.55pt left 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 28.55pt left 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Fair Value<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td width="308" valign="bottom" style= "width:230.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 221.35pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Debt:</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="75" valign="bottom" style= "width:56.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td width="308" valign="bottom" style= "width:230.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 221.35pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Lines of Credit<span style= "mso-tab-count:1 dotted">......................................................................</span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 3,218,283</span></span> </p> </td> <td width="75" valign="bottom" style= "width:56.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 3,175,128</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 2,564,360</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 2,564,360</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td width="308" valign="bottom" style= "width:230.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 221.35pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Senior and other notes<span style= "mso-tab-count:1 dotted">........................................................</span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 3,995,410</span></span> </p> </td> <td width="75" valign="bottom" style= "width:56.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2,284,892</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 4,281,884</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 4,224,831</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:6"> <td width="308" valign="bottom" style= "width:230.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 221.35pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Convertible notes<span style= "mso-tab-count:1 dotted">.................................................................</span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2,886,401</span></span> </p> </td> <td width="75" valign="bottom" style= "width:56.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 1,289,163</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2,332,905</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2,249,341</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:7"> <td width="308" valign="bottom" style= "width:230.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 221.35pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Secured debt<span style= "mso-tab-count: 1 dotted">.........................................................................</span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 877,916</span></span> </p> </td> <td width="75" valign="bottom" style= "width:56.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 837,727</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 1,294,809</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 1,283,779</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:8"> <td width="308" valign="bottom" style= "width:230.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 221.35pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Assessment bonds<span style= "mso-tab-count:1 dotted">................................................................</span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 29,626</span></u></span> </p> </td> <td width="75" valign="bottom" style= "width:56.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 32,903</span></u></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 32,110</span></u></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 31,473</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:9"> <td width="308" valign="bottom" style= "width:230.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 221.35pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total debt<span style="mso-tab-count: 1 dotted">............................................................................</span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 11,007,636</span></u></span> </p> </td> <td width="75" valign="bottom" style= "width:56.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 7,619,813</span></u></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 10,506,068</span></u></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 10,353,784</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:10;mso-yfti-lastrow:yes"> <td width="308" valign="bottom" style= "width:230.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 221.35pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Derivative contracts&#8212; foreign currency forwards<span style= "mso-tab-count:1 dotted">.......</span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> &#8212;</span></u></span> </p> </td> <td width="75" valign="bottom" style= "width:56.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> &#8212;</span></u></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 773</span></u></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 773</span></u></span> </p> </td> </tr> </table> <style> /*<![CDATA[*/ st1:*{behavior:url(#ieooui) } <!-- /* Font Definitions */ @font-face {font-family:"Cambria Math"; panose-1:2 4 5 3 5 4 6 3 2 4; mso-font-charset:0; mso-generic-font-family:roman; mso-font-pitch:variable; mso-font-signature:-1610611985 1107304683 0 0 159 0;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-unhide:no; mso-style-qformat:yes; mso-style-parent:""; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman","serif"; mso-fareast-font-family:"Times New Roman";} .MsoChpDefault {mso-style-type:export-only; mso-default-props:yes; font-size:10.0pt; mso-ansi-font-size:10.0pt; mso-bidi-font-size:10.0pt;} @page Section1 {size:8.5in 11.0in; margin:1.0in 1.0in 1.0in 1.0in; mso-header-margin:.5in; mso-footer-margin:.5in; mso-paper-source:0;} div.Section1 {page:Section1;} - --> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} /*]]>*/ </style> </div> <div> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <a name= "_AUC11fa1c090207418bb0c9f91e123dd913"><b><span style="font-size:10.0pt"> 11.Long-Term Compensation:</span></b></a> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">The 2006 long-term incentive plan together with our 1997 long-term incentive plan and outside trustees plan (the &#8220;Incentive Plan&#8221;) have been approved by our shareholders and provides for grants of share options, stock appreciation rights (&#8220;SARs&#8221;), full value awards and cash incentive awards to employees and other persons providing services to us and our subsidiaries, including outside trustees. No more than 28,560,000 common shares in the aggregate may be awarded under the Incentive Plan. In any one calendar-year period, no participant shall be granted: (i)more than 500,000share options and SARs; (ii)more than 200,000 full value performance based awards; or (iii)more than $10,000,000 in cash incentive awards. Common shares may be awarded under the Incentive Plan until it is terminated by the Board. At December31, 2008, 3.5 million common shares were available for future issuance under the Incentive Plan.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><i><span style="font-size:10.0pt">Share Options</span></i></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">We have granted various share options to our employees and trustees, subject to certain conditions. Each share option is exercisable into one common share. The holders of share options granted before 2001 earn dividend equivalent units (&#8220;DEUs&#8221;) on December31stof each year until the earlier of the date the underlying share option is exercised or the expiration date of the underlying share option. At December31, 2008, there were 1,078,562share options with a weighted average exercise price and remaining life of $21.45 and 1.2years, respectively, that will earn DEUs in the future. Share options granted to employees generally have graded vesting over a four-year period and have an exercise price equal to the market price on the date of grant. Share options granted to employees since September 2006 have an exercise price equal to the closing market price of our common shares on the date of grant. Prior to September 2006, the exercise price was based on the average of the high and low prices on the date of grant. Share options granted to outside trustees generally vest immediately.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Share options outstanding at December31, 2008 were as follows:</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="324" valign="top" style= "width:243.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 3.25in;mso-layout-grid-align: none;text-autospace:none"> <span><b><span style= "font-size:8.0pt;line-height:93%"><span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 3.25in;mso-layout-grid-align: none;text-autospace:none"> <span><b><span style= "font-size:8.0pt;line-height:93%"><span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 3.25in;mso-layout-grid-align: none;text-autospace:none"> <span><b><span style= "font-size:8.0pt;line-height:93%"><span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 3.25in;mso-layout-grid-align: none;text-autospace:none"> <span><b><span style= "font-size:8.0pt;line-height:93%"><span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="61" valign="top" style= "width:46.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 20.65pt left 41.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 20.65pt left 41.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 20.65pt left 41.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> Number of</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 20.65pt left 41.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Options<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="96" valign="top" style= "width:72.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 33.8pt left 67.65pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 33.8pt left 67.65pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 33.8pt left 67.65pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 33.8pt left 67.65pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Exercise Price<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="66" valign="top" style= "width:49.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 22.4pt left 44.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 22.4pt left 44.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 22.4pt left 44.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> Expiration</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 22.4pt left 44.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Date<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="82" valign="top" style= "width:61.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 28.35pt left 56.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> Weighted</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 28.35pt left 56.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> Average</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 28.35pt left 56.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> Remaining Life</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 28.35pt left 56.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (in years)<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="324" valign="bottom" style= "width:243.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 3.25in;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Outside trustees<span style= "mso-tab-count:1 dotted">..........................................................................</span></span></span> </p> </td> <td width="61" valign="bottom" style= "width:46.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 41.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 100,000</span></span> </p> </td> <td width="96" valign="bottom" style= "width:72.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="right" style= "text-align:right;line-height:93%; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$19.75 - $43.80</span></span> </p> </td> <td width="66" valign="bottom" style= "width:49.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.65pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">2009-2015</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 38.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 3.64</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td width="324" valign="bottom" style= "width:243.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 3.25in;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Incentive Plan:</span></span> </p> </td> <td width="61" valign="bottom" style= "width:46.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 41.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="96" valign="bottom" style= "width:72.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="right" style= "text-align:right;line-height:93%; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"></span></span> </p> </td> <td width="66" valign="bottom" style= "width:49.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 35.15pt 37.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td width="324" valign="bottom" style= "width:243.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 3.25in;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">1999 grants<span style= "mso-tab-count: 1 dotted">................................................................................</span></span></span> </p> </td> <td width="61" valign="bottom" style= "width:46.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 41.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 513,826</span></span> </p> </td> <td width="96" valign="bottom" style= "width:72.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="right" style= "text-align:right;line-height:93%; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$17.19 - $18.63</span></span> </p> </td> <td width="66" valign="bottom" style= "width:49.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="center" style= "text-align:center;line-height:93%; tab-stops:0in decimal 44.85pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">2009</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 43.25pt 55.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 0.7</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td width="324" valign="bottom" style= "width:243.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 3.25in;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">2000 grants<span style= "mso-tab-count: 1 dotted">................................................................................</span></span></span> </p> </td> <td width="61" valign="bottom" style= "width:46.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 41.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 534,736</span></span> </p> </td> <td width="96" valign="bottom" style= "width:72.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="right" style= "text-align:right;line-height:93%; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$21.75 - $24.25</span></span> </p> </td> <td width="66" valign="bottom" style= "width:49.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="center" style= "text-align:center;line-height:93%; tab-stops:0in decimal 44.85pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">2010</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 43.25pt 55.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 1.7</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td width="324" valign="bottom" style= "width:243.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 3.25in;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">2001 grants<span style= "mso-tab-count: 1 dotted">................................................................................</span></span></span> </p> </td> <td width="61" valign="bottom" style= "width:46.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 41.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 332,485</span></span> </p> </td> <td width="96" valign="bottom" style= "width:72.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="right" style= "text-align:right;line-height:93%; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$20.67 - $22.02</span></span> </p> </td> <td width="66" valign="bottom" style= "width:49.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="center" style= "text-align:center;line-height:93%; tab-stops:0in decimal 44.85pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">2011</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 43.25pt 55.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2.7</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:6"> <td width="324" valign="bottom" style= "width:243.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 3.25in;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">2002 grants<span style= "mso-tab-count: 1 dotted">................................................................................</span></span></span> </p> </td> <td width="61" valign="bottom" style= "width:46.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 41.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 583,185</span></span> </p> </td> <td width="96" valign="bottom" style= "width:72.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="right" style= "text-align:right;line-height:93%; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$22.98 - $24.76</span></span> </p> </td> <td width="66" valign="bottom" style= "width:49.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="center" style= "text-align:center;line-height:93%; tab-stops:0in decimal 44.85pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">2012</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 43.25pt 55.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 3.7</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:7"> <td width="324" valign="bottom" style= "width:243.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 3.25in;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">2003 grants<span style= "mso-tab-count: 1 dotted">................................................................................</span></span></span> </p> </td> <td width="61" valign="bottom" style= "width:46.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 41.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 808,317</span></span> </p> </td> <td width="96" valign="bottom" style= "width:72.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="right" style= "text-align:right;line-height:93%; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$24.90 - $31.26</span></span> </p> </td> <td width="66" valign="bottom" style= "width:49.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="center" style= "text-align:center;line-height:93%; tab-stops:0in decimal 44.85pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">2013</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 43.25pt 55.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 4.7</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:8"> <td width="324" valign="bottom" style= "width:243.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 3.25in;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">2004 grants<span style= "mso-tab-count: 1 dotted">................................................................................</span></span></span> </p> </td> <td width="61" valign="bottom" style= "width:46.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 41.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">1,332,530</span></span> </p> </td> <td width="96" valign="bottom" style= "width:72.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="right" style= "text-align:right;line-height:93%; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$29.41 - $41.50</span></span> </p> </td> <td width="66" valign="bottom" style= "width:49.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="center" style= "text-align:center;line-height:93%; tab-stops:0in decimal 44.85pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">2014</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 43.25pt 55.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 5.7</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:9"> <td width="324" valign="bottom" style= "width:243.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 3.25in;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">2005 grants<span style= "mso-tab-count: 1 dotted">................................................................................</span></span></span> </p> </td> <td width="61" valign="bottom" style= "width:46.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 41.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 811,199</span></span> </p> </td> <td width="96" valign="bottom" style= "width:72.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="right" style= "text-align:right;line-height:93%; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$40.86 - $45.46</span></span> </p> </td> <td width="66" valign="bottom" style= "width:49.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="center" style= "text-align:center;line-height:93%; tab-stops:0in decimal 44.85pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">2015</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 43.25pt 55.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 6.9</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:10"> <td width="324" valign="bottom" style= "width:243.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 3.25in;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">2006 grants<span style= "mso-tab-count: 1 dotted">................................................................................</span></span></span> </p> </td> <td width="61" valign="bottom" style= "width:46.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 41.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 637,034</span></span> </p> </td> <td width="96" valign="bottom" style= "width:72.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="right" style= "text-align:right;line-height:93%; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$53.07 - $59.92</span></span> </p> </td> <td width="66" valign="bottom" style= "width:49.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="center" style= "text-align:center;line-height:93%; tab-stops:0in decimal 44.85pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">2016</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 43.25pt 55.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 8.0</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:11"> <td width="324" valign="bottom" style= "width:243.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 3.25in;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">2007 grants<span style= "mso-tab-count: 1 dotted">................................................................................</span></span></span> </p> </td> <td width="61" valign="bottom" style= "width:46.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 41.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 747,459</span></span> </p> </td> <td width="96" valign="bottom" style= "width:72.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="right" style= "text-align:right;line-height:93%; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$60.60 - $64.82</span></span> </p> </td> <td width="66" valign="bottom" style= "width:49.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="center" style= "text-align:center;line-height:93%; tab-stops:0in decimal 44.85pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">2017</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 43.25pt 55.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 9.0</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:12"> <td width="324" valign="bottom" style= "width:243.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 3.25in;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">2008 grants<span style= "mso-tab-count: 1 dotted">................................................................................</span></span></span> </p> </td> <td width="61" valign="bottom" style= "width:46.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 41.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> 1,378,976</span></u></span> </p> </td> <td width="96" valign="bottom" style= "width:72.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="right" style= "text-align:right;line-height:93%; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$6.87 - $61.75</span></span> </p> </td> <td width="66" valign="bottom" style= "width:49.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="center" style= "text-align:center;line-height:93%; tab-stops:0in decimal 44.85pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">2018</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 19.3pt decimal 43.25pt 55.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:2"></span> 9.9</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:13;mso-yfti-lastrow:yes"> <td width="324" valign="bottom" style= "width:243.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 3.25in;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total<span style= "mso-tab-count: 1 dotted">...........................................................................................</span></span></span> </p> </td> <td width="61" valign="bottom" style= "width:46.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 41.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">7,779,747</span></u></span> </p> </td> <td width="96" valign="bottom" style= "width:72.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="right" style= "text-align:right;line-height:93%; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"></span></span> </p> </td> <td width="66" valign="bottom" style= "width:49.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="center" style= "text-align:center;line-height:93%; tab-stops:0in decimal 44.85pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%"></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 19.3pt decimal 43.25pt 55.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%"><span style= "mso-tab-count:2"></span> 6.1</span></u></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">The activity for the year ended December31, 2008, with respect to our share options, is presented below:</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="314" valign="top" style= "width:235.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 226.05pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="132" colspan="2" valign="top" style= "width:99.15pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 47.2pt left 94.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Options Outstanding<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="184" colspan="3" valign="top" style= "width:138.15pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 66.7pt left 133.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Options Exercisable<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="314" valign="top" style= "width:235.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 226.05pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 226.05pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 226.05pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 226.05pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="71" valign="top" style= "width:53.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 24.2pt left 48.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 24.2pt left 48.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 24.2pt left 48.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> Number of</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 24.2pt left 48.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Options<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="61" valign="top" style= "width:46.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 20.65pt left 41.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> Weighted</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 20.65pt left 41.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> Average</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 20.65pt left 41.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> Exercise</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 20.65pt left 41.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Price<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="61" valign="top" style= "width:46.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 20.65pt left 41.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 20.65pt left 41.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 20.65pt left 41.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> Number of</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 20.65pt left 41.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Options<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="61" valign="top" style= "width:46.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 20.65pt left 41.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> Weighted</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 20.65pt left 41.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> Average</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 20.65pt left 41.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> Exercise</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 20.65pt left 41.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Price<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="61" valign="top" style= "width:46.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 20.65pt left 41.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> Weighted</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 20.65pt left 41.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> Average</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 20.65pt left 41.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> Life</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 20.65pt left 41.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (in years) </span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td width="314" valign="bottom" style= "width:235.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 226.05pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Balance at January1, 2008<span style= "mso-tab-count:1 dotted">.................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 7,998,410</span></span> </p> </td> <td width="61" valign="bottom" style= "width:46.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 3.75pt decimal 24.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> $<span style= "mso-tab-count:1"></span> 36.63</span></span> </p> </td> <td width="61" valign="bottom" style= "width:46.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 41.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="61" valign="bottom" style= "width:46.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="61" valign="bottom" style= "width:46.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 27.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td width="314" valign="bottom" style= "width:235.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:8.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 226.05pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Granted<span style= "mso-tab-count: 1 dotted">...................................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 1,378,976</span></span> </p> </td> <td width="61" valign="bottom" style= "width:46.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 24.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 7.02</span></span> </p> </td> <td width="61" valign="bottom" style= "width:46.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 41.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="61" valign="bottom" style= "width:46.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="61" valign="bottom" style= "width:46.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 27.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td width="314" valign="bottom" style= "width:235.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 226.05pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Exercised<span style="mso-tab-count: 1 dotted">.................................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">(1,066,461)</span></span> </p> </td> <td width="61" valign="bottom" style= "width:46.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 24.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 23.92</span></span> </p> </td> <td width="61" valign="bottom" style= "width:46.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 41.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="61" valign="bottom" style= "width:46.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="61" valign="bottom" style= "width:46.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 27.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td width="314" valign="bottom" style= "width:235.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 226.05pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Forfeited<span style="mso-tab-count: 1 dotted">..................................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> (531,178</span></u></span><span><span style= "font-size:10.0pt;line-height:93%">)</span></span> </p> </td> <td width="61" valign="bottom" style= "width:46.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 3.75pt decimal 24.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u><span style= "mso-tab-count:1"></span> 56.61</u></span></span> </p> </td> <td width="61" valign="bottom" style= "width:46.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 41.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="61" valign="bottom" style= "width:46.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="61" valign="bottom" style= "width:46.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 27.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:6;mso-yfti-lastrow:yes"> <td width="314" valign="bottom" style= "width:235.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 226.05pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Balance at December31, 2008<span style= "mso-tab-count:1 dotted">...........................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%"><span style= "mso-tab-count:1"></span> 7,779,747</span></u></span> </p> </td> <td width="61" valign="bottom" style= "width:46.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 3.75pt decimal 24.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u style= "text-underline: double">$<span style= "mso-tab-count:1"></span> 31.76</u></span></span> </p> </td> <td width="61" valign="bottom" style= "width:46.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 41.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">5,526,718</span></u></span> </p> </td> <td width="61" valign="bottom" style= "width:46.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 3.75pt decimal 24.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u style= "text-underline: double">$<span style= "mso-tab-count:1"></span> 32.71</u></span></span> </p> </td> <td width="61" valign="bottom" style= "width:46.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 14.2pt decimal 19.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u style= "text-underline:double">4.8</u></span></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">The weighted-average grant-date fair value of options granted during the years 2008, 2007 and 2006 was $2.38, $11.42 and $10.40, respectively. Total remaining compensation cost related to unvested share options as of December31, 2008 was $12.5million, prior to adjustments for forfeited awards and capitalized amounts due to our development and leasing activities.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoBodyText" style="page-break-before:always"> <span>The activity for the year ended December31, 2008, with respect to our non-vested share options, is presented below:</span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="464" valign="top" style= "width:347.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 338.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 338.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 338.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="71" valign="top" style= "width:53.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 24.2pt left 48.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 24.2pt left 48.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> Number of</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 24.2pt left 48.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Shares<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="96" valign="top" style= "width:71.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 33.45pt left 66.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> Weighted-Average</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 33.45pt left 66.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> Grant-Date</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 33.45pt left 66.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Fair Value<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="464" valign="bottom" style= "width:347.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 338.6pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Balance at January1, 2008<span style= "mso-tab-count:1 dotted">...................................................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2,494,128</span></span> </p> </td> <td width="96" valign="bottom" style= "width:71.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 16.55pt decimal 37.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> $<span style= "mso-tab-count:1"></span> 9.33</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td width="464" valign="bottom" style= "width:347.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:8.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 338.6pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Granted<span style= "mso-tab-count: 1 dotted">.....................................................................................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 1,378,976</span></span> </p> </td> <td width="96" valign="bottom" style= "width:71.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2.38</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td width="464" valign="bottom" style= "width:347.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:8.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 338.6pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Vested<span style= "mso-tab-count: 1 dotted">.......................................................................................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">(1,181,825)</span></span> </p> </td> <td width="96" valign="bottom" style= "width:71.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 8.95</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td width="464" valign="bottom" style= "width:347.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 338.6pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Forfeited<span style="mso-tab-count: 1 dotted">....................................................................................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> (438,250</span></u></span><span><span style= "font-size:10.0pt;line-height:93%">)</span></span> </p> </td> <td width="96" valign="bottom" style= "width:71.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 16.55pt decimal 37.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u><span style= "mso-tab-count:1"></span> 10.53</u></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5;mso-yfti-lastrow:yes"> <td width="464" valign="bottom" style= "width:347.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 338.6pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Balance at December31, 2008<span style= "mso-tab-count:1 dotted">.............................................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%"><span style= "mso-tab-count:1"></span> 2,253,029</span></u></span> </p> </td> <td width="96" valign="bottom" style= "width:71.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 16.55pt decimal 37.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u style= "text-underline:double">$<span style= "mso-tab-count:1"></span> 5.04</u></span></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><i><span style="font-size:10.0pt">Full Value Awards</span></i></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Restricted Share Units</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Restricted share units (&#8220;RSUs&#8221;) are granted at a rate of one common share per RSU to our employees. The RSUs are valued on the grant date based upon the market price of a common share on that date. We recognize the value of the RSUs granted as compensation expense over the applicable vesting period, which is generally four or five years. The RSUs do not carry voting rights during the vesting period, but do generally earn DEUs that vest according to the underlying RSU. The weighted-average fair value of RSUs granted during the years 2008, 2007 and 2006 was, $10.51, $63.25 and $53.86, respectively. In addition, annually we issue fully vested deferred share units to our outside trustees, which are expensed at the time of grant and earn DEUs.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Contingent Performance Shares and Performance Share Awards</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Certain employees are granted contingent performance shares (&#8220;CPSs&#8221;). There were grants of CPSs each year beginning in 2005. The CPSs are earned based on our ranking in a defined subset of companies in the National Association of Real Estate Investment Trust&#8217;s (&#8220;NAREIT&#8217;s&#8221;) published index. These CPSs generally vest over a three-year period and the recipient must continue to be employed by us until the end of the vesting period. The amount of CPSs to be issued will be based on our ranking at the end of the three-year period, and may range from zero to twice the targeted award, or a maximum of 444,000shares at December31, 2008. For purposes of calculating compensation expense, we consider the CPSs to have a market condition and therefore we have estimated the grant date fair value of the CPSs using a pricing valuation model. We recognize the value of the CPSs granted as compensation expense utilizing the grant date fair value and the target shares over the vesting period. The amount of compensation expense is not adjusted based on the CPSs paid out at the end of the vesting period, but is adjusted for forfeited awards. The CPSs issued in 2008 were all to our former Chief Executive Officer and had different terms in connection with his employment agreement. These awards were forfeited when he resigned in November 2008.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Certain employees were granted Performance Share Awards (&#8220;PSAs&#8221;) through December31, 2005 based on individual and company performance criteria. If a PSA was earned based on the performance criteria, the recipient must have continued to be employed by us until the end of the vesting period before any portion of the grant is vested, generally two years. The PSAs were valued based upon the market price of a common share on grant date. We recognized the value of the PSAs granted as compensation expense over the vesting period.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">These awards carry no voting rights during the vesting period, but do earn DEUs that are vested at the end of the vesting period of the underlying award. The weighted-average fair value of CPSs granted during the years 2008, 2007 and 2006 was $22.72, $71.48, and $64.35, respectively.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Dividend Equivalent Units</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">RSUs, CPSs and certain share options granted through 2000 earn DEUs in the form of common shares at a rate of one common share per DEU. We treat the DEUs as dividends, which are charged to retained earnings and factored into the computation of the fair value of the underlying share award at grant date.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:1.0pt"></span></span> </p> <p class="MsoNormal" style= "page-break-before:always;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt">Summary of Activity of CPSs and RSUs</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Activity with respect to our CPSs and RSUs is as follows:</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="394" valign="top" style= "width:4.1in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 285.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="162" colspan="2" valign="top" style= "width:121.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 58.45pt left 116.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Shares Outstanding<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="74" valign="top" style= "width:55.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 25.55pt left 51.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="394" valign="top" style= "width:4.1in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 285.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 285.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="66" valign="top" style= "width:49.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 22.4pt left 44.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> Number of</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 22.4pt left 44.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Shares<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="96" valign="top" style= "width:72.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 33.7pt left 67.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> Weighted Average</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 33.7pt left 67.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Original Value<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="74" valign="top" style= "width:55.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 25.55pt left 51.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> Number of</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 25.55pt left 51.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%">Vested Shares<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td width="394" valign="bottom" style= "width:4.1in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 285.85pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Balance at January1, 2008<span style= "mso-tab-count:1 dotted">...........................................................................</span></span></span> </p> </td> <td width="66" valign="bottom" style= "width:49.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 41.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">2,554,786</span></span> </p> </td> <td width="96" valign="bottom" style= "width:72.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 16.75pt decimal 37.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> $<span style= "mso-tab-count:1"></span> 50.50</span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 8.8pt decimal 42.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u style= "text-underline:double">829,689</u></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td width="394" valign="bottom" style= "width:4.1in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:8.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 285.85pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Granted<span style= "mso-tab-count: 1 dotted">.............................................................................................................</span></span></span> </p> </td> <td width="66" valign="bottom" style= "width:49.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 41.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">1,780,365</span></span> </p> </td> <td width="96" valign="bottom" style= "width:72.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 12.57</span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td width="394" valign="bottom" style= "width:4.1in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 285.85pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Distributed<span style="mso-tab-count: 1 dotted">.........................................................................................................</span></span></span> </p> </td> <td width="66" valign="bottom" style= "width:49.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 41.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (438,702)</span></span> </p> </td> <td width="96" valign="bottom" style= "width:72.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 36.20</span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td width="394" valign="bottom" style= "width:4.1in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 285.85pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Forfeited<span style="mso-tab-count: 1 dotted">............................................................................................................</span></span></span> </p> </td> <td width="66" valign="bottom" style= "width:49.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 41.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> (515,440</span></u></span><span><span style= "font-size:10.0pt;line-height:93%">)</span></span> </p> </td> <td width="96" valign="bottom" style= "width:72.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 16.75pt decimal 37.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u><span style= "mso-tab-count:1"></span> 39.01</u></span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:6;mso-yfti-lastrow:yes"> <td width="394" valign="bottom" style= "width:4.1in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 285.85pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Balance at December31, 2008<span style= "mso-tab-count:1 dotted">.....................................................................</span></span></span> </p> </td> <td width="66" valign="bottom" style= "width:49.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 41.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">3,381,009</span></u></span> </p> </td> <td width="96" valign="bottom" style= "width:72.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 16.75pt decimal 37.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u style= "text-underline:double">$<span style= "mso-tab-count:1"></span> 34.13</u></span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 8.8pt decimal 42.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u style= "text-underline:double">844,602</u></span></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Total remaining compensation cost related to unvested CPSs and RSUs as of December31, 2008 was $53.2million, prior to adjustments for forfeited awards and capitalized amounts due to our development and leasing activities. The remaining expense will be recognized through 2012, which equates to a weighted average period of 2.0years.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">The activity for the year ended December31, 2008, with respect to our non-vested CPSs and RSUs is presented below:</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="469" valign="top" style= "width:351.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 342.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 342.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 342.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="66" valign="top" style= "width:49.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 22.4pt left 44.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 22.4pt left 44.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> Number of</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 22.4pt left 44.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Shares<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="96" valign="top" style= "width:71.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 33.45pt left 66.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> Weighted-Average</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 33.45pt left 66.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> Grant-Date</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 33.45pt left 66.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Fair Value<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="469" valign="bottom" style= "width:351.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 342.15pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Balance at January1, 2008<span style= "mso-tab-count:1 dotted">....................................................................................................</span></span></span> </p> </td> <td width="66" valign="bottom" style= "width:49.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 41.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">1,725,097</span></span> </p> </td> <td width="96" valign="bottom" style= "width:71.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 16.55pt decimal 37.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> $<span style= "mso-tab-count:1"></span> 57.55</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td width="469" valign="bottom" style= "width:351.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:8.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 342.15pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Granted<span style= "mso-tab-count: 1 dotted">......................................................................................................................................</span></span></span> </p> </td> <td width="66" valign="bottom" style= "width:49.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 41.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">1,780,365</span></span> </p> </td> <td width="96" valign="bottom" style= "width:71.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 12.57</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td width="469" valign="bottom" style= "width:351.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:8.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 342.15pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Vested<span style= "mso-tab-count: 1 dotted">.........................................................................................................................................</span></span></span> </p> </td> <td width="66" valign="bottom" style= "width:49.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 41.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (453,615)</span></span> </p> </td> <td width="96" valign="bottom" style= "width:71.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 39.59</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td width="469" valign="bottom" style= "width:351.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 342.15pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Forfeited<span style="mso-tab-count: 1 dotted">.....................................................................................................................................</span></span></span> </p> </td> <td width="66" valign="bottom" style= "width:49.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 41.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> (515,440</span></u></span><span><span style= "font-size:10.0pt;line-height:93%">)</span></span> </p> </td> <td width="96" valign="bottom" style= "width:71.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 16.55pt decimal 37.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u><span style= "mso-tab-count:1"></span> 39.01</u></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5;mso-yfti-lastrow:yes"> <td width="469" valign="bottom" style= "width:351.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 342.15pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Balance at December31, 2008<span style= "mso-tab-count:1 dotted">..............................................................................................</span></span></span> </p> </td> <td width="66" valign="bottom" style= "width:49.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 41.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">2,536,407</span></u></span> </p> </td> <td width="96" valign="bottom" style= "width:71.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 16.55pt decimal 37.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u style= "text-underline:double">$<span style= "mso-tab-count:1"></span> 32.96</u></span></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><i><span style="font-size:10.0pt">Compensation Expense</span></i></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">During the years ended December31, 2008, 2007 and 2006, we recognized $28.3million, $23.9million and $21.6million, respectively, of compensation expense under the provisions of SFAS123R including awards granted to our outside trustees and net of forfeited awards. These amounts include expense reported as General and Administrative Expenses, RIF charges and Discontinued Operations and are net of $12.1million, $10.8million and $8.4million, respectively, that was capitalized due to our development and leasing activities.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">We calculated the fair value of the options granted in each of the following years using a Black-Scholes pricing model and the following weighted average assumptions:</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="400" valign="top" style= "width:299.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 290.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="231" colspan="3" valign="top" style= "width:173.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 85.65pt left 166.2pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Years Ended December31,<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="400" valign="top" style= "width:299.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 290.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="69" valign="top" style= "width:51.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 23.45pt left 37.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2008<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="84" valign="top" style= "width:62.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 32.3pt left 64.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2007<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="78" valign="top" style= "width:58.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 29.6pt left 52.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2006<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td width="400" valign="bottom" style= "width:299.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 290.3pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Risk-free interest rate<span style= "mso-tab-count:1 dotted">.........................................................................................</span></span></span> </p> </td> <td width="69" valign="bottom" style= "width:51.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 25.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2.56%</span></span> </p> </td> <td width="84" valign="bottom" style= "width:62.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 34.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 3.78%</span></span> </p> </td> <td width="78" valign="bottom" style= "width:58.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 31.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 4.51%</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td width="400" valign="bottom" style= "width:299.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 290.3pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Dividend yield<span style= "mso-tab-count:1 dotted">.....................................................................................................</span></span></span> </p> </td> <td width="69" valign="bottom" style= "width:51.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 25.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 1.92%</span></span> </p> </td> <td width="84" valign="bottom" style= "width:62.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 34.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 3.44%</span></span> </p> </td> <td width="78" valign="bottom" style= "width:58.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 31.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 3.40%</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td width="400" valign="bottom" style= "width:299.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 290.3pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Volatility<span style="mso-tab-count: 1 dotted">...............................................................................................................</span></span></span> </p> </td> <td width="69" valign="bottom" style= "width:51.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 25.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 40.35%</span></span> </p> </td> <td width="84" valign="bottom" style= "width:62.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 34.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 23.43%</span></span> </p> </td> <td width="78" valign="bottom" style= "width:58.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 31.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 19.46%</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5;mso-yfti-lastrow:yes"> <td width="400" valign="bottom" style= "width:299.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 290.3pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Weighted average option life<span style= "mso-tab-count:1 dotted">............................................................................</span></span></span> </p> </td> <td width="69" valign="bottom" style= "width:51.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 5.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt; line-height:93%">5.8 years</span></span> </p> </td> <td width="84" valign="bottom" style= "width:62.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 14.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 5.8years</span></span> </p> </td> <td width="78" valign="bottom" style= "width:58.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 12.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 5.8years</span></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">We use historical data to estimate dividend yield, share option exercises, expected term and employee departure behavior used in the Black-Scholes pricing model. The risk-free interest rate for periods within the expected term of the share option is based on the U.S.Treasury yield curve in effect at the time of grant. To calculate expected volatility, we use historical volatility of our common stock and implied volatility of traded options on our common stock.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <h6> <span>Other Plans</span> </h6> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">We have a 401(k) Savings Plan and Trust (&#8220;401(k) Plan&#8221;), that provides for matching employer contributions in common shares of 50 cents for every dollar contributed by an employee, up to 6% of the employee&#8217;s annual compensation (within the statutory compensation limit). A total of 190,000 common shares have been authorized for issuance under the 401(k) Plan. The vesting of contributed common shares is based on the employee&#8217;s years of service, with 20% vesting each year of service, over a five-year period. Through December31, 2008, no common shares have been issued under the 401(k) Plan. All of our matching contributions have been made with common shares purchased by us in the open market.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p><span><span style= "font-size:10.0pt;font-family:Times New Roman,serif;mso-fareast-font-family: Times New Roman;mso-ansi-language:EN-US;mso-fareast-language:EN-US; mso-bidi-language:AR-SA">We have a nonqualified savings plan to provide benefits for certain employees. The purpose of this plan is to allow highly compensated employees the opportunity to defer the receipt and income taxation of a certain portion of their compensation in excess of the amount permitted under the 401(k) Plan. We match the lesser of (a)50% of the sum of deferrals under both the 401(k) Plan and this plan, and (b)3% of total compensation up to certain levels. The matching contributions vest in the same manner as the 401(k) Plan. On a combined basis for both plans, our contributions under the matching provisions were $1.4million, $1.1million and $1.1million for 2008, 2007 and 2006, respectively.</span></span> <style> /*<![CDATA[*/ st1:*{behavior:url(#ieooui) } <!-- /* Font Definitions */ @font-face {font-family:"Cambria Math"; panose-1:2 4 5 3 5 4 6 3 2 4; mso-font-charset:0; mso-generic-font-family:roman; mso-font-pitch:variable; mso-font-signature:-1610611985 1107304683 0 0 159 0;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-unhide:no; mso-style-qformat:yes; mso-style-parent:""; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman","serif"; mso-fareast-font-family:"Times New Roman";} h6 {mso-style-unhide:no; mso-style-qformat:yes; mso-style-link:"Heading 6 Char"; mso-style-next:Normal; margin:0in; margin-bottom:.0001pt; page-break-before:always; mso-pagination:widow-orphan; page-break-after:avoid; mso-outline-level:6; mso-layout-grid-align:none; text-autospace:none; font-size:10.0pt; font-family:"Times New Roman","serif"; font-weight:normal; font-style:italic;} p.MsoBodyText, li.MsoBodyText, div.MsoBodyText {mso-style-unhide:no; mso-style-link:"Body Text Char"; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; mso-layout-grid-align:none; text-autospace:none; font-size:10.0pt; font-family:"Times New Roman","serif"; mso-fareast-font-family:"Times New Roman";} span.Heading6Char {mso-style-name:"Heading 6 Char"; mso-style-unhide:no; mso-style-locked:yes; mso-style-link:"Heading 6"; font-style:italic;} span.BodyTextChar {mso-style-name:"Body Text Char"; mso-style-unhide:no; mso-style-locked:yes; mso-style-link:"Body Text";} .MsoChpDefault {mso-style-type:export-only; mso-default-props:yes; font-size:10.0pt; mso-ansi-font-size:10.0pt; mso-bidi-font-size:10.0pt;} @page Section1 {size:8.5in 11.0in; margin:1.0in 1.0in 1.0in 1.0in; mso-header-margin:.5in; mso-footer-margin:.5in; mso-paper-source:0;} div.Section1 {page:Section1;} - --> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} /*]]>*/ </style> </div> <div> <p class="MsoNormal" style= "line-height:95%;page-break-before:always;mso-layout-grid-align: none;text-autospace:none"> <a name= "_AUC54bb2779a6d54aa2be3ffb75777823ea"><b><span style="font-size:10.0pt;line-height:95%"> 7.Assets Held for</span></b></a> <span><b><span style= "font-size:10.0pt;line-height:95%">Sale</span></b></span> <span><b><span style="font-size:10.0pt;line-height:95%">and Discontinued Operations:</span></b></span> </p> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:8.0pt;line-height:95%"></span></span> </p> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><i><span style="font-size:10.0pt;line-height:95%">Held for Sale</span></i></span> </p> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:8.0pt;line-height:95%"></span></span> </p> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt;line-height:95%">On December23, 2008, we announced the signing of a binding agreement to sell our operations in China and our property fund interests in Japan, to affiliates of GIC Real Estate (&#8220;GIC RE&#8221;), the real estate investment arm of the Government of Singapore Investment Corporation, for total cash consideration of $1.3billion.</span></span> </p> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:8.0pt;line-height:95%"></span></span> </p> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt;line-height:95%">Of the total consideration, $800million was related to the China operations. The sale of operations in China includes all our assets and liabilities, including real estate, investments in joint ventures and a property fund, as well as the assumption of all liabilities. The total consideration will be adjusted for certain fundings to the China operations after November1, and through the date of closing. In accordance with SFAS144, we have classified all of the assets and liabilities associated with our China operations as Assets and Liabilities Held for Sale in our accompanying Consolidated Balance Sheet as of December31, 2008. Based on the carrying values of these assets and liabilities, as compared with the estimated sales proceeds less costs to sell, we recognized an impairment of $198.2 million that is included in Discontinued Operations in the fourth quarter of 2008. Also included in Assets and Liabilities Held for Sale is one property in Japan that is contracted to be sold to GIC RE in 2009. See Note21 for additional information on the sale.</span></span> </p> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:8.0pt;line-height:95%"></span></span> </p> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt;line-height:95%">A summary of the amounts included in Assets Held for Sale, is as follows (in thousands):</span></span> </p> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:8.0pt;line-height:95%"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="560" valign="top" style= "width:419.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:dotted 410.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:95%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:95%;tab-stops:dotted 410.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:95%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:95%;tab-stops:dotted 410.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:95%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="71" valign="top" style= "width:53.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:center 23.2pt left 47.05pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:95%"> <span style="mso-tab-count:1"></span> As of</span></b></span> </p> <p class="MsoNormal" style= "line-height:95%;tab-stops:center 23.2pt left 47.05pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:95%"> December31,</span></b></span> </p> <p class="MsoNormal" style= "line-height:95%;tab-stops:center 23.2pt left 47.05pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:95%"><span style= "mso-tab-count:1"></span> 2008<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="560" valign="bottom" style= "width:419.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 95%;tab-stops:dotted 410.35pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%">Assets&#8212; discontinued operations&#8212; assets held for sale:</span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:0in decimal 45.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:95%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td width="560" valign="bottom" style= "width:419.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 95%;tab-stops:dotted 410.35pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%">Investments in real estate assets:</span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:0in decimal 45.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:95%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td width="560" valign="bottom" style= "width:419.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:10.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 95%;tab-stops:dotted 410.35pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%">Completed industrial properties<span style= "mso-tab-count:1 dotted">..........................................................................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:0in decimal 45.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:95%">$<span style= "mso-tab-count:1"></span> 471,221</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td width="560" valign="bottom" style= "width:419.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 95%;tab-stops:dotted 410.35pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%">Properties under development<span style= "mso-tab-count:1 dotted">.............................................................................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:0in decimal 45.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:95%"><span style= "mso-tab-count:1"></span> 225,971</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td width="560" valign="bottom" style= "width:419.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:10.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 95%;tab-stops:dotted 410.35pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:95%">Land held for development<span style= "mso-tab-count:1 dotted">.................................................................................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:0in decimal 45.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:95%"><span style= "mso-tab-count:1"></span> 245,965</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:6"> <td width="560" valign="bottom" style= "width:419.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 95%;tab-stops:dotted 410.35pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%">Other investments<span style= "mso-tab-count:1 dotted">..................................................................................................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:0in decimal 45.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:95%"> <span style="mso-tab-count:1"></span> 147,356</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:7"> <td width="560" valign="top" style= "width:419.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:dotted 410.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:95%"></span></span> </p> </td> <td width="71" valign="top" style= "width:53.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:0in decimal 45.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:95%"><span style= "mso-tab-count:1"></span> 1,090,513</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:8"> <td width="560" valign="bottom" style= "width:419.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 95%;tab-stops:dotted 410.35pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%">Accumulated depreciation<span style= "mso-tab-count:1 dotted">...................................................................................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:0in decimal 45.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:95%"> <span style="mso-tab-count:1"></span> (15,463</span></u></span><span><span style= "font-size:10.0pt;line-height:95%">)</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:9"> <td width="560" valign="bottom" style= "width:419.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:12.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 95%;tab-stops:dotted 410.35pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:95%">Net investments in real estate assets<span style= "mso-tab-count:1 dotted">.................................................................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:0in decimal 45.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:95%"><span style= "mso-tab-count:1"></span> 1,075,050</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:10"> <td width="560" valign="bottom" style= "width:419.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 95%;tab-stops:dotted 410.35pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%">Investments in and advances to unconsolidated investees:</span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:0in decimal 45.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:95%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:11"> <td width="560" valign="bottom" style= "width:419.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 95%;tab-stops:dotted 410.35pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%">Property funds<span style= "mso-tab-count:1 dotted">........................................................................................................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:0in decimal 45.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:95%"><span style= "mso-tab-count:1"></span> 32,952</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:12"> <td width="560" valign="bottom" style= "width:419.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 95%;tab-stops:dotted 410.35pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%">Other investees<span style= "mso-tab-count:1 dotted">.......................................................................................................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:0in decimal 45.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:95%"> <span style="mso-tab-count:1"></span> 247,507</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:13"> <td width="560" valign="bottom" style= "width:419.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:11.8pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 95%;tab-stops:dotted 410.35pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%">Total investments in and advances to unconsolidated investees<span style= "mso-tab-count:1 dotted">................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:0in decimal 45.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:95%"><span style= "mso-tab-count:1"></span> 280,459</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:14"> <td width="560" valign="bottom" style= "width:419.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 95%;tab-stops:dotted 410.35pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:95%">Cash and cash equivalents<span style= "mso-tab-count:1 dotted">...................................................................................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:0in decimal 45.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:95%"><span style= "mso-tab-count:1"></span> 111,136</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:15"> <td width="560" valign="bottom" style= "width:419.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 95%;tab-stops:dotted 410.35pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%">Other assets<span style= "mso-tab-count: 1 dotted">..............................................................................................................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:0in decimal 45.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:95%"> <span style="mso-tab-count:1"></span> 42,345</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:16"> <td width="560" valign="bottom" style= "width:419.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:11.8pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 95%;tab-stops:dotted 410.35pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%">Total assets before impairment<span style= "mso-tab-count:1 dotted">..........................................................................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:0in decimal 45.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:95%"><span style= "mso-tab-count:1"></span> 1,508,990</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:17"> <td width="560" valign="bottom" style= "width:419.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 95%;tab-stops:dotted 410.35pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%">Impairment of assets<span style= "mso-tab-count:1 dotted">............................................................................................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:0in decimal 45.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:95%"> <span style="mso-tab-count:1"></span> (198,236</span></u></span><span><span style= "font-size:10.0pt;line-height:95%">)</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:18"> <td width="560" valign="bottom" style= "width:419.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:11.8pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 95%;tab-stops:dotted 410.35pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%">Total assets&#8212; discontinued operations&#8212; assets held for sale<span style="mso-tab-count:1 dotted">...................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:0in decimal 45.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:95%">$ 1,310,754</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:19"> <td width="560" valign="bottom" style= "width:419.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 95%;tab-stops:dotted 410.35pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%">Liabilities&#8212; discontinued operations&#8212; assets held for sale:</span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:0in decimal 45.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:95%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:20"> <td width="560" valign="bottom" style= "width:419.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 95%;tab-stops:dotted 410.35pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%">Debt<span style= "mso-tab-count:1 dotted">...........................................................................................................................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:0in decimal 45.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:95%">$<span style= "mso-tab-count:1"></span> 218,463</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:21"> <td width="560" valign="bottom" style= "width:419.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 95%;tab-stops:dotted 410.35pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%">Other liabilities<span style= "mso-tab-count:1 dotted">.........................................................................................................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:0in decimal 45.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:95%"><span style= "mso-tab-count:1"></span> 104,547</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:22"> <td width="560" valign="bottom" style= "width:419.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 95%;tab-stops:dotted 410.35pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%">Minority interest<span style= "mso-tab-count:1 dotted">......................................................................................................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:0in decimal 45.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:95%"> <span style="mso-tab-count:1"></span> 66,874</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:23;mso-yfti-lastrow:yes"> <td width="560" valign="bottom" style= "width:419.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:11.8pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 95%;tab-stops:dotted 410.35pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%">Total liabilities&#8212; discontinued operations&#8212; assets held for sale<span style="mso-tab-count: 1 dotted">..............................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:0in decimal 45.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:95%">$<span style= "mso-tab-count:1"></span> 389,884</span></u></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:8.0pt;line-height:95%"></span></span> </p> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt;line-height:95%">At December31, 2007, we had two properties that were classified as held for sale on our Consolidated Balance Sheets that were sold in the first quarter of 2008.</span></span> </p> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:8.0pt;line-height:95%"></span></span> </p> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><i><span style= "font-size:10.0pt;line-height:95%">Discontinued Operations</span></i></span> </p> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:8.0pt;line-height:95%"></span></span> </p> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt;line-height:95%">The China operations and the one Japan property held for sale, along with the operations of the properties disposed of to third parties, including land subject to ground leases, the impairment related to our China operations and the aggregate net gains recognized upon their disposition are presented as discontinued operations in our Consolidated Statements of Operations for all periods presented. Interest expense is included in discontinued operations if it is directly attributable to these properties.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:1.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Income attributable to discontinued operations for the years ended December 31 is summarized as follows (in thousands):</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="421" valign="top" style= "width:315.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 306.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> </span></b></span> </p> </td> <td width="71" valign="top" style= "width:53.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 19.95pt left 43.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2008<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="70" valign="top" style= "width:52.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 19.95pt left 43.35pt 63.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2007<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="68" valign="top" style= "width:50.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 19.95pt 34.5pt left 43.35pt 69.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2006<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="421" valign="bottom" style= "width:315.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 306.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Revenues:</span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 69.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 60.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="68" valign="bottom" style= "width:50.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td width="421" valign="bottom" style= "width:315.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 306.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Rental revenue<span style= "mso-tab-count:1 dotted">..........................................................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 43.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 32,842</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 27,741</span></span> </p> </td> <td width="68" valign="bottom" style= "width:50.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 71,085</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td width="421" valign="bottom" style= "width:315.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 306.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">CDFS dispositions proceeds&#8212; acquired property portfolios<span style= "mso-tab-count:1 dotted">...........................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 43.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 83,648</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> <td width="68" valign="bottom" style= "width:50.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td width="421" valign="bottom" style= "width:315.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 306.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Development management and other income<span style= "mso-tab-count:1 dotted">....................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 43.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 1,514</span></u></span> </p> </td> <td width="70" valign="bottom" style= "width:52.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 348</span></u></span> </p> </td> <td width="68" valign="bottom" style= "width:50.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> &#8212;</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td width="421" valign="bottom" style= "width:315.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 306.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total revenues<span style= "mso-tab-count:1 dotted">..........................................................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 43.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 118,004</span></u></span> </p> </td> <td width="70" valign="bottom" style= "width:52.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 28,089</span></u></span> </p> </td> <td width="68" valign="bottom" style= "width:50.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 71,085</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:6"> <td width="421" valign="bottom" style= "width:315.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 306.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Expenses:</span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 43.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="68" valign="bottom" style= "width:50.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:7"> <td width="421" valign="bottom" style= "width:315.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 306.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Rental expenses<span style= "mso-tab-count:1 dotted">........................................................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 43.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 18,143</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 7,643</span></span> </p> </td> <td width="68" valign="bottom" style= "width:50.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 29,307</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:8"> <td width="421" valign="bottom" style= "width:315.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 306.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">Cost of CDFS dispositions&#8212; acquired property portfolios<span style= "mso-tab-count:1 dotted">..............................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 43.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 83,648</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> <td width="68" valign="bottom" style= "width:50.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:9"> <td width="421" valign="bottom" style= "width:315.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:8.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 306.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">General and administrative<span style= "mso-tab-count:1 dotted">....................................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 43.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 21,721</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 11,354</span></span> </p> </td> <td width="68" valign="bottom" style= "width:50.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 6,323</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:10"> <td width="421" valign="bottom" style= "width:315.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 306.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Reduction in workforce<span style= "mso-tab-count:1 dotted">...........................................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 43.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 3,300</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> <td width="68" valign="bottom" style= "width:50.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:11"> <td width="421" valign="bottom" style= "width:315.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 306.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Depreciation and amortization<span style= "mso-tab-count:1 dotted">..............................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 43.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 11,485</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 9,454</span></span> </p> </td> <td width="68" valign="bottom" style= "width:50.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 15,036</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:12"> <td width="421" valign="bottom" style= "width:315.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 306.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Other expenses<span style= "mso-tab-count:1 dotted">..........................................................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 43.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 5,088</span></u></span> </p> </td> <td width="70" valign="bottom" style= "width:52.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> &#8212;</span></u></span> </p> </td> <td width="68" valign="bottom" style= "width:50.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> &#8212;</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:13"> <td width="421" valign="bottom" style= "width:315.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 306.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total expenses<span style= "mso-tab-count:1 dotted">..........................................................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 43.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 143,385</span></u></span> </p> </td> <td width="70" valign="bottom" style= "width:52.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 28,451</span></u></span> </p> </td> <td width="68" valign="bottom" style= "width:50.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 50,666</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:14"> <td width="421" valign="bottom" style= "width:315.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:12.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 306.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Operating income (loss)<span style= "mso-tab-count:1 dotted">.........................................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 43.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (25,381)</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (362)</span></span> </p> </td> <td width="68" valign="bottom" style= "width:50.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 20,419</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:15"> <td width="421" valign="bottom" style= "width:315.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 306.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Other income (expense):</span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 43.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="68" valign="bottom" style= "width:50.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:16"> <td width="421" valign="bottom" style= "width:315.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 306.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Earnings (loss) from unconsolidated investees<span style= "mso-tab-count:1 dotted">....................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 43.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (16,182)</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 6,592</span></span> </p> </td> <td width="68" valign="bottom" style= "width:50.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2,955</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:17"> <td width="421" valign="bottom" style= "width:315.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 306.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Interest and other income, net<span style= "mso-tab-count:1 dotted">................................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 43.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 3,845</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2,319</span></span> </p> </td> <td width="68" valign="bottom" style= "width:50.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 705</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:18"> <td width="421" valign="bottom" style= "width:315.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 306.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Minority interest share in (earnings) loss<span style= "mso-tab-count:1 dotted">...............................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 43.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 10,068</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (1,189)</span></span> </p> </td> <td width="68" valign="bottom" style= "width:50.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (6)</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:19"> <td width="421" valign="bottom" style= "width:315.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 306.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Foreign currency exchange loss<span style= "mso-tab-count:1 dotted">..............................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 43.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (3,092)</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (217)</span></span> </p> </td> <td width="68" valign="bottom" style= "width:50.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (358)</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:20"> <td width="421" valign="bottom" style= "width:315.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 306.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Income taxes<span style= "mso-tab-count: 1 dotted">.............................................................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 43.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> (1,888</span></u></span><span><span style= "font-size:10.0pt;line-height:93%">)</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> (2,044</span></u></span><span><span style= "font-size:10.0pt;line-height:93%">)</span></span> </p> </td> <td width="68" valign="bottom" style= "width:50.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> (742</span></u></span><span><span style= "font-size:10.0pt;line-height:93%">)</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:21"> <td width="421" valign="bottom" style= "width:315.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 306.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total other income (expense)<span style= "mso-tab-count:1 dotted">................................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 43.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> (7,249</span></u></span><span><span style= "font-size:10.0pt;line-height:93%">)</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 5,461</span></u></span> </p> </td> <td width="68" valign="bottom" style= "width:50.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 2,554</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:22"> <td width="421" valign="bottom" style= "width:315.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 306.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Income (loss) attributable to assets held for sale and disposed properties<span style= "mso-tab-count:1 dotted">......</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 43.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (32,630)</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 5,099</span></span> </p> </td> <td width="68" valign="bottom" style= "width:50.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 22,973</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:23"> <td width="421" valign="bottom" style= "width:315.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 306.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Impairment related to assets held for sale&#8212; China operations<span style= "mso-tab-count:1 dotted">.......................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 43.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (198,236)</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> <td width="68" valign="bottom" style= "width:50.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:24"> <td width="421" valign="bottom" style= "width:315.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 306.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Gains recognized on dispositions<span style= "mso-tab-count:1 dotted">............................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 43.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 19,501</span></u></span> </p> </td> <td width="70" valign="bottom" style= "width:52.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 81,497</span></u></span> </p> </td> <td width="68" valign="bottom" style= "width:50.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 137,243</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:25;mso-yfti-lastrow:yes"> <td width="421" valign="bottom" style= "width:315.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 306.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total discontinued operations<span style= "mso-tab-count:1 dotted">...............................................................................</span></span></span> </p> </td> <td width="71" valign="bottom" style= "width:53.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 43.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$ (211,365</span></u></span><span><span style= "font-size:10.0pt;line-height:93%">)</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 86,596</span></u></span> </p> </td> <td width="68" valign="bottom" style= "width:50.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$ 160,216</span></u></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">The following properties were disposed of and included in discontinued operations during each of the years ended December 31 (dollars in thousands):</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="446" valign="top" style= "width:334.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 325.2pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="61" valign="top" style= "width:45.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 20.15pt left 38.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2008<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="62" valign="top" style= "width:46.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 20.15pt 38.6pt left 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2007<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="62" valign="top" style= "width:46.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 20.15pt 36.8pt left 38.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2006<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="446" valign="bottom" style= "width:334.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 325.2pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Non-CDFS business assets:</span></span> </p> </td> <td width="61" valign="bottom" style= "width:45.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 38.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="62" valign="bottom" style= "width:46.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 38.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="62" valign="bottom" style= "width:46.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 38.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td width="446" valign="bottom" style= "width:334.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 325.2pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Number of properties<span style= "mso-tab-count:1 dotted">........................................................................................................</span></span></span> </p> </td> <td width="61" valign="bottom" style= "width:45.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 38.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 9</span></span> </p> </td> <td width="62" valign="bottom" style= "width:46.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 38.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 75</span></span> </p> </td> <td width="62" valign="bottom" style= "width:46.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 38.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 74</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td width="446" valign="bottom" style= "width:334.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 325.2pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">Net proceeds from dispositions<span style= "mso-tab-count:1 dotted">.......................................................................................</span></span></span> </p> </td> <td width="61" valign="bottom" style= "width:45.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 38.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt; line-height:93%">$ 66,687</span></span> </p> </td> <td width="62" valign="bottom" style= "width:46.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 38.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt; line-height:93%">$ 221,063</span></span> </p> </td> <td width="62" valign="bottom" style= "width:46.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 38.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt; line-height:93%">$ 531,969</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td width="446" valign="bottom" style= "width:334.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 325.2pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">Net gains from dispositions<span style= "mso-tab-count:1 dotted">.............................................................................................</span></span></span> </p> </td> <td width="61" valign="bottom" style= "width:45.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 38.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 9,718</span></span> </p> </td> <td width="62" valign="bottom" style= "width:46.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 38.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 52,776</span></span> </p> </td> <td width="62" valign="bottom" style= "width:46.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 38.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt; line-height:93%">$ 103,729</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td width="446" valign="bottom" style= "width:334.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 325.2pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">CDFS business assets:</span></span> </p> </td> <td width="61" valign="bottom" style= "width:45.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 38.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="62" valign="bottom" style= "width:46.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 38.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="62" valign="bottom" style= "width:46.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 38.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:6"> <td width="446" valign="bottom" style= "width:334.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 325.2pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Number of properties<span style= "mso-tab-count:1 dotted">........................................................................................................</span></span></span> </p> </td> <td width="61" valign="bottom" style= "width:45.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 38.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 6</span></span> </p> </td> <td width="62" valign="bottom" style= "width:46.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 38.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 5</span></span> </p> </td> <td width="62" valign="bottom" style= "width:46.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 38.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 15</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:7"> <td width="446" valign="bottom" style= "width:334.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 325.2pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">Net proceeds from dispositions<span style= "mso-tab-count:1 dotted">.......................................................................................</span></span></span> </p> </td> <td width="61" valign="bottom" style= "width:45.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 38.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 60,741</span></span> </p> </td> <td width="62" valign="bottom" style= "width:46.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 38.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt; line-height:93%">$ 205,775</span></span> </p> </td> <td width="62" valign="bottom" style= "width:46.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 38.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt; line-height:93%">$ 245,500</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:8;mso-yfti-lastrow:yes"> <td width="446" valign="bottom" style= "width:334.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 325.2pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">Net gains from dispositions<span style= "mso-tab-count:1 dotted">.............................................................................................</span></span></span> </p> </td> <td width="61" valign="bottom" style= "width:45.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 38.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 9,783</span></span> </p> </td> <td width="62" valign="bottom" style= "width:46.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 38.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 28,721</span></span> </p> </td> <td width="62" valign="bottom" style= "width:46.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 38.6pt 65.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 33,514</span></span> </p> </td> </tr> </table> <style> /*<![CDATA[*/ st1:*{behavior:url(#ieooui) } <!-- /* Font Definitions */ @font-face {font-family:"Cambria Math"; panose-1:2 4 5 3 5 4 6 3 2 4; mso-font-charset:0; mso-generic-font-family:roman; mso-font-pitch:variable; mso-font-signature:-1610611985 1107304683 0 0 159 0;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-unhide:no; mso-style-qformat:yes; mso-style-parent:""; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman","serif"; mso-fareast-font-family:"Times New Roman";} .MsoChpDefault {mso-style-type:export-only; mso-default-props:yes; font-size:10.0pt; mso-ansi-font-size:10.0pt; mso-bidi-font-size:10.0pt;} @page Section1 {size:8.5in 11.0in; margin:1.0in 1.0in 1.0in 1.0in; mso-header-margin:.5in; mso-footer-margin:.5in; mso-paper-source:0;} div.Section1 {page:Section1;} - --> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} /*]]>*/ </style> </div> 15.Earnings Per Common Share: We determine basic earnings per share based on the weighted average number of common shares outstanding during the period. We compute diluted earnings per share based on the weighted average number of common shares outstanding combined with the incremental weighted average effect from all outstanding potentially dilutive instruments. The following table sets forth the computation of our basic and diluted earnings (loss) per share (in thousands, except per share amounts): Years Ended December31, 2008(1) 2007 2006 Net earnings (loss) attributable to common shares $ (432,196) $ 1,048,917 $ 848,951 Minority interest (2) - 4,814 3,451 Adjusted net earnings (loss) attributable to common shares $ (432,196) $ 1,053,731 $ 852,402 Weighted average common shares outstanding- Basic 262,729 256,873 245,952 Incremental weighted average effect of conversion of limited partnership units - 5,078 5,198 Incremental weighted average effect of share awards (3) - 5,275 5,702 Weighted average common shares outstanding- Diluted 262,729 267,226 256,852 Net earnings (loss) per share attributable to common shares- Basic $ (1.65) $ 4.08 $ 3.45 Net earnings (loss) per share attributable to common shares- Diluted $ (1.65) $ 3.94 $ 3.32 ____________ (1) In periods with a net loss, the inclusion of any incremental shares is anti-dilutive, and, therefore, both basic and diluted shares are the same. (2) Includes the minority interest related to the convertible limited partnership units, which are included in incremental shares. (3) Total weighted average potentially dilutive share awards outstanding for 2007 and 2006 (in thousands) were 10,098 and 10,909, respectively. The majority of potentially dilutive share awards were dilutive for both periods. <div> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <a name= "_AUCd06ad169b88249ccac1daaa69141b15c"><b><span style="font-size:10.0pt;line-height:95%"> 5.Unconsolidated Investees:</span></b></a> </p> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%"></span></span> </p> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><i><span style="font-size:10.0pt;line-height:95%">Summary of Investments</span></i></span> </p> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:7.0pt;line-height:95%"></span></span> </p> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt;line-height:95%">We have ownership interests in several unconsolidated property funds and joint ventures that we account for using the equity method. Our investments in and advances to these unconsolidated investees are summarized as follows (in thousands):</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:7.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="479" valign="top" style= "width:359.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 350.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="151" colspan="2" valign="top" style= "width:113.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 54.25pt left 108.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> December31,<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="479" valign="top" style= "width:359.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 350.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="75" valign="top" style= "width:56.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 25.95pt left 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2008<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="75" valign="top" style= "width:56.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 25.95pt left 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2007<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td width="479" valign="bottom" style= "width:359.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 350.15pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Property funds<span style= "mso-tab-count:1 dotted">...............................................................................................................................</span></span></span> </p> </td> <td width="75" valign="bottom" style= "width:56.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 1,957,977</span></span> </p> </td> <td width="75" valign="bottom" style= "width:56.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 1,755,113</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td width="479" valign="bottom" style= "width:359.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 350.15pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Other investees<span style= "mso-tab-count:1 dotted">...............................................................................................................................</span></span></span> </p> </td> <td width="75" valign="bottom" style= "width:56.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 312,016</span></u></span> </p> </td> <td width="75" valign="bottom" style= "width:56.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 590,164</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:4;mso-yfti-lastrow:yes"> <td width="479" valign="bottom" style= "width:359.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 350.15pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Totals<span style= "mso-tab-count: 1 dotted">..............................................................................................................................................</span></span></span> </p> </td> <td width="75" valign="bottom" style= "width:56.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 2,269,993</span></u></span> </p> </td> <td width="75" valign="bottom" style= "width:56.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 2,345,277</span></u></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:2.0pt"></span></span> </p> <h6 style="line-height:92%"> <span>Property Funds</span> </h6> <p class="MsoNormal" style= "line-height:92%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:92%"></span></span> </p> <p class="MsoNormal" style= "line-height:92%;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt;line-height:92%">We have investments in several property funds that own portfolios of operating industrial properties. Many of these properties were originally developed by ProLogis and contributed to these property funds, although certain of the property funds have also acquired properties from third parties. When we contribute a property to a property fund, we generally receive ownership interests (based on our pre-contribution ownership in the fund) as part of the proceeds generated by the contribution. We earn fees for acting as manager of the property funds and the properties they own. We may earn additional fees by providing other services including, but not limited to, acquisition, development, construction management, leasing and financing activities. We may also earn incentive performance returns based on the investors&#8217; returns over a specified period.</span></span> </p> <p class="MsoNormal" style= "line-height:92%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:8.0pt;line-height:92%"></span></span> </p> <p class="MsoNormal" style= "line-height:92%;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt;line-height:92%">Summarized information regarding our proportionate share of net earnings or losses and fees and incentives related to our investments in property funds is as follows (in thousands):</span></span> </p> <p class="MsoNormal" style= "line-height:92%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:8.0pt;line-height:92%"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="430" valign="top" style= "width:322.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:dotted 313.25pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:92%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="200" colspan="3" valign="top" style= "width:150.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:center 70.7pt left 141.8pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:92%"><span style= "mso-tab-count:1"></span> Years Ended December31,<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="430" valign="bottom" style= "width:322.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:4.3pt;margin-bottom: 0in;margin-left:6.55pt;margin-bottom:.0001pt;text-indent:-4.3pt;line-height: 92%;tab-stops:dotted 313.25pt;mso-layout-grid-align:none;text-autospace:none"> <span><b><span style= "font-size:8.0pt;line-height:92%"></span></b></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:center 19.4pt left 40.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:92%"><span style= "mso-tab-count:1"></span> 2008<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:center 19.4pt 22.05pt left 40.55pt 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:92%"><span style= "mso-tab-count:1"></span> 2007<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:center 19.4pt 22.05pt left 40.55pt 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:92%"><span style= "mso-tab-count:1"></span> 2006<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td width="430" valign="bottom" style= "width:322.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 92%;tab-stops:dotted 313.25pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:92%">Earnings (loss) from unconsolidated property funds:</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:92%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:92%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:92%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td width="430" valign="bottom" style= "width:322.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 92%;tab-stops:dotted 313.25pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:92%">North America</span><span style= "mso-tab-count:1 dotted">..............................................................................................................</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:0in decimal 38.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:92%">$<span style= "mso-tab-count:1"></span> 3,271</span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:0in decimal 38.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:92%">$<span style= "mso-tab-count:1"></span> 17,161</span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:0in decimal 38.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:92%">$<span style= "mso-tab-count:1"></span> 59,732</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td width="430" valign="bottom" style= "width:322.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 92%;tab-stops:dotted 313.25pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:92%">Europe</span><span style="mso-tab-count:1 dotted">............................................................................................................................</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:0in decimal 38.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:92%"><span style= "mso-tab-count:1"></span> (94,429)</span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:0in decimal 38.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:92%"><span style= "mso-tab-count:1"></span> 60,913</span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:0in decimal 38.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:92%"><span style= "mso-tab-count:1"></span> 21,605</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td width="430" valign="bottom" style= "width:322.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 92%;tab-stops:dotted 313.25pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:92%">Asia</span><span style="mso-tab-count:1 dotted">.................................................................................................................................</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:0in decimal 38.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:92%"> <span style="mso-tab-count:1"></span> 22,042</span></u></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:0in decimal 38.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:92%"> <span style="mso-tab-count:1"></span> 16,379</span></u></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:0in decimal 38.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:92%"> <span style="mso-tab-count:1"></span> 11,718</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:6"> <td width="430" valign="bottom" style= "width:322.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 92%;tab-stops:dotted 313.25pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:92%">Total earnings (loss) from unconsolidated property funds<span style= "mso-tab-count:1 dotted">.................................</span></span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:0in decimal 38.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:92%">$ (69,116</span></u></span><span><span style= "font-size:10.0pt;line-height:92%">)</span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:0in decimal 38.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:92%">$<span style= "mso-tab-count:1"></span> 94,453</span></u></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:0in decimal 38.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:92%">$<span style= "mso-tab-count:1"></span> 93,055</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:7"> <td width="430" valign="bottom" style= "width:322.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 92%;tab-stops:dotted 313.25pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:92%">Property management and other fees and incentives:</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:0in decimal 38.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:92%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:0in decimal 38.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:92%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:0in decimal 38.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:92%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:8"> <td width="430" valign="bottom" style= "width:322.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 92%;tab-stops:dotted 313.25pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:92%">North America</span><span style= "mso-tab-count:1 dotted">..............................................................................................................</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:0in decimal 38.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:92%">$<span style= "mso-tab-count:1"></span> 61,753</span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:0in decimal 38.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:92%">$<span style= "mso-tab-count:1"></span> 47,164</span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:0in decimal 38.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:92%">$<span style= "mso-tab-count:1"></span> 57,800</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:9"> <td width="430" valign="bottom" style= "width:322.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 92%;tab-stops:dotted 313.25pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:92%">Europe</span><span style="mso-tab-count:1 dotted">............................................................................................................................</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:0in decimal 38.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:92%"><span style= "mso-tab-count:1"></span> 51,969</span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:0in decimal 38.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:92%"><span style= "mso-tab-count:1"></span> 43,752</span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:0in decimal 38.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:92%"><span style= "mso-tab-count:1"></span> 145,622</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:10"> <td width="430" valign="bottom" style= "width:322.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 92%;tab-stops:dotted 313.25pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:92%">Asia</span><span style="mso-tab-count:1 dotted">.................................................................................................................................</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:0in decimal 38.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:92%"> <span style="mso-tab-count:1"></span> 17,289</span></u></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:0in decimal 38.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:92%"> <span style="mso-tab-count:1"></span> 13,803</span></u></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:0in decimal 38.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:92%"> <span style="mso-tab-count:1"></span> 8,507</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:11;mso-yfti-lastrow:yes"> <td width="430" valign="bottom" style= "width:322.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 92%;tab-stops:dotted 313.25pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:92%">Total property management and other fees and incentives<span style= "mso-tab-count:1 dotted">...............................</span></span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:0in decimal 38.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:92%">$ 131,011</span></u></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:0in decimal 38.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:92%">$ 104,719</span></u></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:0in decimal 38.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:92%">$ 211,929</span></u></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "line-height:92%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:8.0pt;line-height:92%"></span></span> </p> <p class="MsoNormal" style= "line-height:92%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:92%">Information about our property funds (the names in parentheses represent the legal names of the entities) is as follows:</span></span> </p> <p class="MsoNormal" style= "line-height:92%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:8.0pt;line-height:92%"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="281" valign="top" style= "width:210.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 201.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="350" colspan="6" valign="top" style= "width:262.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 127.6pt left 254.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> As of December31,<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="281" valign="top" style= "width:210.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 201.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 201.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 201.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 201.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="59" valign="top" style= "width:44.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 19.8pt left 39.65pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 19.8pt left 39.65pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> Number of</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 19.8pt left 39.65pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> properties</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 19.8pt left 39.65pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> owned<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="48" valign="top" style= "width:35.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 15.6pt left 31.2pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> Square</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 15.6pt left 31.2pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> feet</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 15.6pt left 31.2pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> (in</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 15.6pt left 31.2pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%">millions)<span style="mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="113" colspan="2" valign="top" style= "width:84.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 40.05pt left 80.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 40.05pt left 80.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 40.05pt left 80.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> Ownership</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 40.05pt left 80.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Percentage<span style="mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="130" colspan="2" valign="top" style= "width:1.35in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 75.55pt left 151.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 46.25pt left 91.25pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> Investment in</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 46.25pt left 91.25pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> and advances to</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 46.25pt left 89.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (in thousands)<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td width="281" valign="top" style= "width:210.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 201.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%">Fund Names</span></u></b></span> </p> </td> <td width="59" valign="top" style= "width:44.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 19.8pt left 39.65pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2008<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="48" valign="top" style= "width:35.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 15.6pt left 31.2pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2008<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="57" valign="top" style= "width:42.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 18.85pt left 37.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2008<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="57" valign="top" style= "width:42.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 18.85pt left 37.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2007<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="67" valign="top" style= "width:49.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 22.85pt left 39.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2008<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="63" valign="top" style= "width:47.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 22.85pt left 39.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2007<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td width="281" valign="bottom" style= "width:210.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 2.85in;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt;line-height:93%">ProLogis California (ProLogis California I LLC ) (1)<span style= "mso-tab-count:1 dotted">......</span></span></span> </p> </td> <td width="59" valign="bottom" style= "width:44.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 80</span></span> </p> </td> <td width="48" valign="bottom" style= "width:35.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 19.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 14.2</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 50.0%</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 50.0%</span></span> </p> </td> <td width="67" valign="bottom" style= "width:49.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 102,685</span></span> </p> </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 106,630</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td width="281" valign="bottom" style= "width:210.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 2.85in;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt;line-height:93%">ProLogis North American Properties FundI ( ProLogis North American Properties FundI LLC) (1)<span style= "mso-tab-count:1 dotted">.................</span></span></span> </p> </td> <td width="59" valign="bottom" style= "width:44.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 36</span></span> </p> </td> <td width="48" valign="bottom" style= "width:35.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 19.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 9.4</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 41.3%</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 41.3%</span></span> </p> </td> <td width="67" valign="bottom" style= "width:49.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 25,018</span></span> </p> </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 27,135</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td width="281" valign="bottom" style= "width:210.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 2.85in;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt;line-height:93%">ProLogis North American Properties FundVI (Allagash Property Trust) (1)<span style= "mso-tab-count:1 dotted">........................................................</span></span></span> </p> </td> <td width="59" valign="bottom" style= "width:44.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 22</span></span> </p> </td> <td width="48" valign="bottom" style= "width:35.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 19.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 8.6</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 20.0%</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 20.0%</span></span> </p> </td> <td width="67" valign="bottom" style= "width:49.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 35,659</span></span> </p> </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 37,218</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:6"> <td width="281" valign="bottom" style= "width:210.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 2.85in;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt;line-height:93%">ProLogis North American Properties FundVII (Brazos Property Trust) (1)<span style= "mso-tab-count:1 dotted">........................................................</span></span></span> </p> </td> <td width="59" valign="bottom" style= "width:44.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 29</span></span> </p> </td> <td width="48" valign="bottom" style= "width:35.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 19.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 6.2</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 20.0%</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 20.0%</span></span> </p> </td> <td width="67" valign="bottom" style= "width:49.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 32,679</span></span> </p> </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 31,321</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:7"> <td width="281" valign="bottom" style= "width:210.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 2.85in;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt;line-height:93%">ProLogis North American Properties FundVIII (Cimmaron Property Trust) (1)<span style= "mso-tab-count:1 dotted">.....................................</span></span></span> </p> </td> <td width="59" valign="bottom" style= "width:44.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 24</span></span> </p> </td> <td width="48" valign="bottom" style= "width:35.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 19.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 3.1</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 20.0%</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 20.0%</span></span> </p> </td> <td width="67" valign="bottom" style= "width:49.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 13,281</span></span> </p> </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 14,982</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:8"> <td width="281" valign="bottom" style= "width:210.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 2.85in;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt;line-height:93%">ProLogis North American Properties FundIX (Deerfield Property Trust) (1)<span style= "mso-tab-count:1 dotted">........................................................</span></span></span> </p> </td> <td width="59" valign="bottom" style= "width:44.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 20</span></span> </p> </td> <td width="48" valign="bottom" style= "width:35.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 19.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 3.4</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 20.0%</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 20.0%</span></span> </p> </td> <td width="67" valign="bottom" style= "width:49.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 13,375</span></span> </p> </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 13,986</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:9"> <td width="281" valign="bottom" style= "width:210.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 2.85in;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt;line-height:93%">ProLogis North American Properties FundX (Elkhorn Property Trust) (1)<span style="mso-tab-count:1 dotted">........................................................</span></span></span> </p> </td> <td width="59" valign="bottom" style= "width:44.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 29</span></span> </p> </td> <td width="48" valign="bottom" style= "width:35.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 19.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 4.2</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 20.0%</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 20.0%</span></span> </p> </td> <td width="67" valign="bottom" style= "width:49.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 15,567</span></span> </p> </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 15,721</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:10"> <td width="281" valign="bottom" style= "width:210.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 2.85in;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt;line-height:93%">ProLogis North American Properties FundXI</span></span> </p> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:8.55pt;margin-bottom:.0001pt;text-indent:-4.5pt;line-height: 93%;tab-stops:dotted 2.85in;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt;line-height:93%">(KPJV, LLP) (1)<span style= "mso-tab-count:1 dotted">............................................................</span></span></span> </p> </td> <td width="59" valign="bottom" style= "width:44.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 13</span></span> </p> </td> <td width="48" valign="bottom" style= "width:35.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 19.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 4.1</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 20.0%</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 20.0%</span></span> </p> </td> <td width="67" valign="bottom" style= "width:49.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 28,322</span></span> </p> </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 30,712</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:11"> <td width="281" valign="bottom" style= "width:210.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 2.85in;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt;line-height:93%">ProLogis North American Industrial Fund (2)<span style= "mso-tab-count:1 dotted">.................</span></span></span> </p> </td> <td width="59" valign="bottom" style= "width:44.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 258</span></span> </p> </td> <td width="48" valign="bottom" style= "width:35.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 19.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 49.6</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 23.1%</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 23.2%</span></span> </p> </td> <td width="67" valign="bottom" style= "width:49.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 191,088</span></span> </p> </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 104,277</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:12"> <td width="281" valign="bottom" style= "width:210.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 2.85in;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt;line-height:93%">ProLogis North American Industrial FundII (ProLogis NA2 LP) (1)(3)<span style= "mso-tab-count:1 dotted">.............................................................</span></span></span> </p> </td> <td width="59" valign="bottom" style= "width:44.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 150</span></span> </p> </td> <td width="48" valign="bottom" style= "width:35.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 19.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 35.8</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 36.9%</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 36.9%</span></span> </p> </td> <td width="67" valign="bottom" style= "width:49.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 265,575</span></span> </p> </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 274,238</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:13"> <td width="281" valign="bottom" style= "width:210.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 2.85in;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt;line-height:93%">ProLogis North American Industrial FundIII (ProLogis NA3 LP) (1)(4)<span style="mso-tab-count:1 dotted">.............................................................</span></span></span> </p> </td> <td width="59" valign="bottom" style= "width:44.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 120</span></span> </p> </td> <td width="48" valign="bottom" style= "width:35.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 19.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 24.7</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 20.0%</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 20.0%</span></span> </p> </td> <td width="67" valign="bottom" style= "width:49.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 122,148</span></span> </p> </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 123,720</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:14"> <td width="281" valign="bottom" style= "width:210.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 2.85in;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt;line-height:93%">ProLogis Mexico Industrial Fund (ProLogis MX FundLP) (5)<span style= "mso-tab-count:1 dotted">.................................................................</span></span></span> </p> </td> <td width="59" valign="bottom" style= "width:44.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 73</span></span> </p> </td> <td width="48" valign="bottom" style= "width:35.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 19.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 9.5</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 24.2%</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 20.0%</span></span> </p> </td> <td width="67" valign="bottom" style= "width:49.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 96,320</span></span> </p> </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 38,085</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:15"> <td width="281" valign="bottom" style= "width:210.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 2.85in;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:8.0pt;line-height:93%">PEPR (ProLogis European Properties) (6)<span style= "mso-tab-count:1 dotted">.......................</span></span></span> </p> </td> <td width="59" valign="bottom" style= "width:44.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 246</span></span> </p> </td> <td width="48" valign="bottom" style= "width:35.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 19.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 56.3</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 24.9%</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 24.9%</span></span> </p> </td> <td width="67" valign="bottom" style= "width:49.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 321,984</span></span> </p> </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 494,593</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:16"> <td width="281" valign="bottom" style= "width:210.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 2.85in;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:8.0pt;line-height:93%">PEPF II (ProLogis European Properties II) (7)<span style= "mso-tab-count:1 dotted">................</span></span></span> </p> </td> <td width="59" valign="bottom" style= "width:44.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 153</span></span> </p> </td> <td width="48" valign="bottom" style= "width:35.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 19.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 38.9</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 36.9%</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 24.3%</span></span> </p> </td> <td width="67" valign="bottom" style= "width:49.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 312,600</span></span> </p> </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 158,483</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:17"> <td width="281" valign="bottom" style= "width:210.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 2.85in;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt;line-height:93%">ProLogis Japan Properties FundI (PLD/RECO Japan TMK Property Trust) (1)(8)<span style= "mso-tab-count:1 dotted">..........................................</span></span></span> </p> </td> <td width="59" valign="bottom" style= "width:44.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 16</span></span> </p> </td> <td width="48" valign="bottom" style= "width:35.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 19.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 7.1</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 20.0%</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 20.0%</span></span> </p> </td> <td width="67" valign="bottom" style= "width:49.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 114,111</span></span> </p> </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 87,663</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:18"> <td width="281" valign="bottom" style= "width:210.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 2.85in;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt;line-height:93%">ProLogis Japan Properties FundII (ProLogis Japan Properties Trust) (1)(8)<span style= "mso-tab-count:1 dotted">.................................................</span></span></span> </p> </td> <td width="59" valign="bottom" style= "width:44.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 54</span></span> </p> </td> <td width="48" valign="bottom" style= "width:35.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 19.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 19.9</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 20.0%</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 20.0%</span></span> </p> </td> <td width="67" valign="bottom" style= "width:49.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 245,698</span></span> </p> </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 189,584</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:19"> <td width="281" valign="bottom" style= "width:210.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 2.85in;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt;line-height:93%">ProLogis Korea Fund (ProLogis Korea Properties Trust) (1)<span style= "mso-tab-count:1 dotted">.................................................................................</span></span></span> </p> </td> <td width="59" valign="bottom" style= "width:44.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 8.2pt decimal 37.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u><span style= "mso-tab-count:1"></span> 13</u></span></span> </p> </td> <td width="48" valign="bottom" style= "width:35.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 3.95pt decimal 19.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u><span style= "mso-tab-count:1"></span> 1.9</u></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 20.0%</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 20.0%</span></span> </p> </td> <td width="67" valign="bottom" style= "width:49.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 21,867</span></u></span> </p> </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 6,765</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:20;mso-yfti-lastrow:yes"> <td width="281" valign="bottom" style= "width:210.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 2.85in;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt;line-height:93%">Totals<span style= "mso-tab-count: 1 dotted">..............................................................................</span></span></span> </p> </td> <td width="59" valign="bottom" style= "width:44.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 8.2pt decimal 37.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u style= "text-underline:double"><span style= "mso-tab-count:1"></span> 1,336</u></span></span> </p> </td> <td width="48" valign="bottom" style= "width:35.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 3.95pt decimal 19.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u style= "text-underline: double">296.9</u></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 27.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 27.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="67" valign="bottom" style= "width:49.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:8.0pt;line-height:93%">$ 1,957,977</span></u></span> </p> </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:8.0pt;line-height:93%">$ 1,755,113</span></u></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "text-align:justify;line-height:92%;page-break-before: always;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height: 92%">____________</span></span> </p> <p class="MsoNormal" style= "line-height:92%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:3.0pt;line-height:92%"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-padding-alt:0in 4.5pt 0in 4.5pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:92%">(1)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:92%;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt;line-height:92%">We have one fund partner in each of these property funds.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:3.0pt; line-height:92%"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:92%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:3.0pt;line-height:92%"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:92%">(2)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:92%;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt;line-height:92%">We refer to the combined entities in which we have ownership interests with ten institutional investors as one property fund named ProLogis North American Industrial Fund. Our ownership percentage is based on our levels of ownership interest in these different entities. In connection with the contribution of properties in 2008, we advanced the property fund $7.5million, all of which was repaid in 2008.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:3.0pt; line-height:92%"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:92%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:3.0pt;line-height:92%"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:92%">(3)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:92%;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt;line-height:92%">In July 2007, we acquired all of the units in Macquarie ProLogis Trust, an Australian listed property trust (&#8220;MPR&#8221;) which had an 88.7% ownership interest in ProLogis North American Properties FundV. The total consideration was approximately $2.0billion consisting of cash in the amount of $1.2billion and assumed liabilities of $0.8billion. We entered into foreign currency forward contracts to economically hedge the purchase price of MPR. As this type of contract does not qualify for hedge accounting treatment, we recognized gains of $26.6million in 2007 when the contract settled that are included in Foreign Currency Exchange Gains and Losses, Net in our Consolidated Statements of Operations.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:3.0pt; line-height:92%"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:92%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:3.0pt;line-height:92%"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:6"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:92%"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:92%;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt;line-height:92%">As a result of the MPR acquisition, we owned 100% and consolidated the results of the assets for approximately two months, at which time the lender converted certain of the bridge debt into equity of a new property fund, ProLogis North American Industrial FundII, in which we have a 36.9% equity interest. Upon conversion by the lender in the third quarter of 2007, we recognized net gains of $68.6million that are reflected in CDFS Acquired Property Portfolios in our Consolidated Statements of Operations.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:7"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:3.0pt; line-height:92%"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:92%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:3.0pt;line-height:92%"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:8"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:92%">(4)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:92%;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt;line-height:92%">In July 2007, we formed a new property fund to acquire a portfolio of industrial properties from a third party. We refer to the combined entities in which we have ownership interests as one property fund named ProLogis North American Industrial FundIII. The total consideration for the acquisition was approximately $1.8billion, including transaction costs.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:9"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:3.0pt; line-height:92%"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:92%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:3.0pt;line-height:92%"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:10"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:92%">(5)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:92%;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt;line-height:92%">On September11, 2007, we contributed properties to a new property fund formed with several institutional investors. We refer to the combined entities in which we have ownership interests as one property fund named ProLogis Mexico Industrial Fund. During 2008, we loaned this property fund $153.1million that was used to repay bridge financing that had matured and for a portion of the costs related to a third party acquisition. Through December31, 2008, the fund had repaid $137.9million of this loan with proceeds obtained from third party financing. The loan bears interest at LIBOR plus a margin and is payable upon demand.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:11"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:3.0pt; line-height:92%"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:92%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:3.0pt;line-height:92%"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:12"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:92%">(6)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:92%;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt;line-height:92%">In December 2008, we purchased units in ProLogis European Properties FundII (&#8220;PEPF II&#8221;) from ProLogis European Properties (&#8220;PEPR&#8221;) that represented a 20% interest for &#8364;43million ($61.1million) and assumed &#8364;348million of PEPR&#8217;s future equity commitments related to these units. The units were purchased at a discount to net asset value due to PEPR&#8217;s near-term liquidity needs.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:13"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:92%"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:92%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:92%"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:14"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:92%"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoBodyText" style="line-height:92%"> <span>In January 2009, PEPR received offers for their remaining 10.4% interest in PEPF II for &#8364;10.5million and recorded the resulting impairment as of December31, 2008. As a result of the sale of units to us and the impairment of their remaining ownership (based on offers received), PEPR recognized a total loss of &#8364;310.9million. Our share of this loss, reflected as Earnings (Loss) from Unconsolidated Property Funds in our Consolidated Statements of Operations, was $108.2million.</span> </p> <p class="MsoNormal" style= "line-height:92%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:3.0pt;line-height:92%"></span></span> </p> <p class="MsoNormal" style= "line-height:92%;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt;line-height:92%">In connection with the purchase of PEPR&#8217;s interest in PEPF II, PEPR has a 12-month option to repurchase the 20% interest from us at our cost per unit (including any capital contributions we have made related to these units).</span></span> </p> <p class="MsoNormal" style= "line-height:92%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:3.0pt;line-height:92%"></span></span> </p> <p class="MsoNormal" style= "line-height:92%;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt;line-height:92%">In September 2006, PEPR completed an initial public offering (&#8220;IPO&#8221;), and as the manager of the property fund, we received an incentive return of $109.2million.</span></span> </p> <p class="MsoNormal" style= "line-height:92%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:3.0pt;line-height:92%"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:15"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:3.0pt; line-height:92%"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:92%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:3.0pt;line-height:92%"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:16"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:92%">(7)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:92%;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt;line-height:92%">In July 2007, we formed a new European property fund, PEPF II with several third party investors. From July 2007 through December 2008 PEPR owned approximately 30% of PEPF II. During that same period we owned approximately 24% of PEPF II, which included an indirect interest through PEPR. As a result of the additional 20% investment we made in December and contributions made in December, as of December31, 2008, we own a 34.3% direct interest in PEPF II. PEPR owned a 10.4% interest in PEPF II, which due to our ownership in PEPR, results in us owning an additional 2.6% of PEPF II indirectly (combined direct and indirect ownership in PEPF II at December31, 2008 was 36.9%).</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:17"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:3.0pt; line-height:92%"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:92%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:3.0pt;line-height:92%"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:18;mso-yfti-lastrow:yes"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:92%;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:92%">(8)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:92%;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt;line-height:92%">On December23, 2008, we entered into an agreement to sell our interests in the Japan property funds (see Note21).</span></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Several property funds have equity commitments from us and our fund partners. We may fulfill our equity commitment with a portion of the proceeds from the properties we contribute to the property fund or cash. Our fund partners fulfill the commitment with the contribution of cash. The following table outlines acquisitions made by these property funds from ProLogis and third parties during the year ended December31, 2008, including the related financing of such acquisitions, and the remaining equity commitments of each property fund as of December31, 2008 (in millions):</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="630" style= "width:472.7pt;border-collapse:collapse;mso-padding-alt:0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="104" valign="top" style= "width:78.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 68.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:7.0pt; line-height:93%"> </span></b></span> </p> </td> <td width="272" colspan="5" valign="top" style= "width:204.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 99.6pt left 197.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:7.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Fund Acquisitions<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td colspan="3" valign="top" style= "padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 84.45pt left 168.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:7.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Remaining Equity Commitments<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td valign="top" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 16.7pt left 46.25pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:7.0pt; line-height:93%"> Available</span></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="104" valign="top" style= "width:78.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 68.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:7.0pt; line-height:93%"> </span></b></span> </p> </td> <td width="54" valign="top" style= "width:40.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 26.2pt left 52.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:7.0pt; line-height:93%"> </span></b></span> </p> </td> <td width="53" valign="top" style= "width:40.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 23.1pt left 46.25pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:7.0pt; line-height:93%"> </span></b></span> </p> </td> <td valign="top" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 26.2pt left 52.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:7.0pt; line-height:93%"> </span></b></span> </p> </td> <td valign="top" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 26.2pt left 52.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:7.0pt; line-height:93%"> </span></b></span> </p> </td> <td valign="top" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 18.45pt left 52.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:7.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> Equity</span></b></span> </p> </td> <td colspan="3" valign="top" style= "padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 84.45pt left 168.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:7.0pt; line-height:93%"> </span></b></span> </p> </td> <td valign="top" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 16.7pt left 46.25pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:7.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> Under</span></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td width="104" valign="top" style= "width:78.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 68.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:7.0pt; line-height:93%"> </span></b></span> </p> </td> <td width="54" valign="top" style= "width:40.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 26.2pt left 52.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:7.0pt; line-height:93%"> </span></b></span> </p> </td> <td width="53" valign="top" style= "width:40.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 14.95pt left 46.25pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:7.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> Third</span></b></span> </p> </td> <td valign="top" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 26.2pt left 52.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:7.0pt; line-height:93%"> </span></b></span> </p> </td> <td valign="top" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 26.2pt left 52.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:7.0pt; line-height:93%"> </span></b></span> </p> </td> <td valign="top" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 18.45pt left 52.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:7.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> and</span></b></span> </p> </td> <td valign="top" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 28.05pt left 56.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:7.0pt; line-height:93%"> </span></b></span> </p> </td> <td valign="top" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 16.85pt left 34.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:7.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> Fund</span></b></span> </p> </td> <td valign="top" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 20.55pt left 41.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:7.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> Expiration</span></b></span> </p> </td> <td valign="top" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 16.7pt left 46.25pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:7.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> Credit</span></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td width="104" valign="top" style= "width:78.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 68.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:7.0pt; line-height:93%"> </span></b></span> </p> </td> <td width="54" valign="top" style= "width:40.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 16.75pt left 32.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:7.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> ProLogis </span></u></b></span> </p> </td> <td width="53" valign="top" style= "width:40.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 14.95pt left 28.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:7.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Parties<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td valign="top" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 26.2pt left 52.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:7.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Total<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td valign="top" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 17.2pt left 37.05pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:7.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Debt<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td valign="top" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 18.45pt left 36.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:7.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Other<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td valign="top" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 18.65pt left 36.25pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:7.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> ProLogis<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td valign="top" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 16.85pt left 34.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:7.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Partners<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td valign="top" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 20.55pt left 41.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:7.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Date<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td valign="top" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 16.7pt left 32.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:7.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Facility<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td width="104" valign="bottom" style= "width:78.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:4.3pt;margin-bottom: 0in;margin-left:4.3pt;margin-bottom:.0001pt;text-indent:-4.3pt;line-height: 93%;tab-stops:dotted 72.45pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt;line-height:93%">ProLogis North American Industrial Fund (1)<span style= "mso-tab-count:1 dotted">.......................</span></span></span> </p> </td> <td width="54" valign="bottom" style= "width:40.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 23.05pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 815.2</span></span> </p> </td> <td width="53" valign="bottom" style= "width:40.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 28.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 26.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 815.2</span></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:8.0pt; line-height:93%">$ 243.0</span></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 29.25pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 572.2</span></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 29.25pt 40.05pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 72.5</span></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 28.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 211.7</span></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 17.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2/10</span></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 26.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 223.4</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td width="104" valign="bottom" style= "width:78.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:4.3pt;margin-bottom: 0in;margin-left:4.3pt;margin-bottom:.0001pt;text-indent:-4.3pt;line-height: 93%;tab-stops:dotted 72.45pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt;line-height:93%">ProLogis Mexico Industrial Fund (2)<span style= "mso-tab-count:1 dotted">.......................</span></span></span> </p> </td> <td width="54" valign="bottom" style= "width:40.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 23.05pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 155.0</span></span> </p> </td> <td width="53" valign="bottom" style= "width:40.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 23.05pt 40.05pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 189.8</span></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 26.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 344.8</span></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 155.8</span></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 29.25pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 189.0</span></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 29.25pt 40.05pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 44.3</span></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 28.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 246.7</span></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 17.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 8/10</span></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 32.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:6"> <td width="104" valign="bottom" style= "width:78.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:4.3pt;margin-bottom: 0in;margin-left:4.3pt;margin-bottom:.0001pt;text-indent:-4.3pt;line-height: 93%;tab-stops:dotted 72.45pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt;line-height:93%">ProLogis European Properties FundII(2)(3)<span style= "mso-tab-count:1 dotted">.....</span></span></span> </p> </td> <td width="54" valign="bottom" style= "width:40.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 23.05pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%">2,604.3</span></span> </p> </td> <td width="53" valign="bottom" style= "width:40.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 23.05pt 40.05pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 84.0</span></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 26.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2,688.3</span></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%">1,172.1</span></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 29.25pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 1,516.2</span></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 29.25pt 40.05pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 830.4(4)</span></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 28.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 1,253.1(4)</span></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 17.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 8/10</span></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 26.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 77.7</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:7"> <td width="104" valign="bottom" style= "width:78.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:4.3pt;margin-bottom: 0in;margin-left:4.3pt;margin-bottom:.0001pt;text-indent:-4.3pt;line-height: 93%;tab-stops:dotted 72.45pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt;line-height:93%">ProLogis Japan Properties FundII(5)<span style= "mso-tab-count:1 dotted">..........</span></span></span> </p> </td> <td width="54" valign="bottom" style= "width:40.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 23.05pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 876.8</span></span> </p> </td> <td width="53" valign="bottom" style= "width:40.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 23.05pt 40.05pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 83.7</span></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 26.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 960.5</span></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 555.0</span></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 29.25pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 405.5</span></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.15pt 52.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 27.95pt 33.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 26.7pt 33.15pt 46.25pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:8"> <td width="104" valign="bottom" style= "width:78.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:4.3pt;margin-bottom: 0in;margin-left:4.3pt;margin-bottom:.0001pt;text-indent:-4.3pt;line-height: 93%;tab-stops:dotted 72.45pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt;line-height:93%">ProLogis Korea Fund (2)<span style= "mso-tab-count:1 dotted">..............</span></span></span> </p> </td> <td width="54" valign="bottom" style= "width:40.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 23.05pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 11.1</span></u></span> </p> </td> <td width="53" valign="bottom" style= "width:40.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 23.05pt 40.05pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 119.1</span></u></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 26.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 130.2</span></u></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 23.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 25.2</span></u></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 29.25pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 105.0</span></u></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 29.25pt 40.05pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 23.2</span></u></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 28.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 92.8</span></u></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 17.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 6/10</span></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 26.7pt 46.25pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> &#8212;</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:9;mso-yfti-lastrow:yes"> <td width="104" valign="bottom" style= "width:78.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:4.3pt;margin-bottom: 0in;margin-left:5.8pt;margin-bottom:.0001pt;text-indent:-4.3pt;line-height: 93%;tab-stops:dotted 72.45pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt;line-height:93%">Total<span style= "mso-tab-count:1 dotted">.....................</span></span></span> </p> </td> <td width="54" valign="bottom" style= "width:40.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 23.05pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:8.0pt;line-height:93%">$ 4,462.4</span></u></span> </p> </td> <td width="53" valign="bottom" style= "width:40.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 23.05pt 40.05pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:8.0pt;line-height:93%">$ 476.6</span></u></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 26.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:8.0pt;line-height:93%">$ 4,939.0</span></u></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:8.0pt;line-height:93%">$ 2,151.1</span></u></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 29.25pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:8.0pt;line-height:93%">$ 2,787.9</span></u></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 29.25pt 40.05pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:8.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 970.4</span></u></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 28.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:8.0pt;line-height:93%">$ 1,804.3</span></u></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 27.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td valign="bottom" style="padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 26.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:8.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 301.1</span></u></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "text-align:justify;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt">____________</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-padding-alt:0in 4.5pt 0in 4.5pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(1)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">The investor agreements were modified in early 2009 to extend the remaining equity commitments through 2010, which were originally scheduled to expire in February 2009. In connection with the modifications, the commitments related to property contributions were eliminated and one investor did not extend its commitment. Amounts presented reflect these changes. We expect the remaining equity commitments to be used to pay down existing debt or to make opportunistic acquisitions, depending on market conditions and other factors.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(2)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">We are committed to offer to contribute substantially all of the properties that we develop and stabilize in Europe, Mexico and South Korea to these respective funds. These property funds are committed to acquire such properties, subject to certain exceptions, including that the properties meet certain specified leasing and other criteria, and that the property funds have available capital. We are not obligated to contribute properties at a loss.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Dependent on market conditions, we expect to make contributions of properties to these property funds in 2009. Given the current debt markets, it is likely that the acquisitions will be financed by the property funds with all equity. Generally, the properties are contributed based on third-party appraised value (see note3 below).</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:6"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(3)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">During the fourth quarter, we modified the determination of the contribution value related to 2009 contributions to PEPF II. Once the capitalization rate is determined based on a third party appraisal, a margin of 0.25 to 0.75percentage points is added depending on the quarter contributed. This modification was made due to the belief that appraisals were lagging true market conditions. The agreement provides for an adjustment in our favor if capitalization rates at the end of 2010 are lower than those used to determine contribution values.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:7"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:8"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(4)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">PEPF II&#8217;s equity commitments are denominated in euro and include ProLogis of &#8364;568.1million, PEPR of &#8364;136.1million and remaining fund partners of &#8364;721.3million. Our equity commitments include the 20% interest in PEPF II we acquired from PEPR in December 2008.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:9"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:10;mso-yfti-lastrow:yes"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(5)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">In connection with the sale of our investments in the Japan property funds, we entered into an agreement to sell a property in Japan to our fund partner in 2009, which will utilize the remaining equity commitment from our fund partner. This property is included in assets held for sale at December31, 2008.</span></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoBodyText" style="page-break-before:always"> <span>Summarized financial information of the property funds (for the entire entity, not our proportionate share) and our investments in such funds are presented below as of and for the years ended December31, 2008 and 2007 (dollars in millions):</span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="330" valign="top" style= "width:247.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 238.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="300" colspan="4" valign="top" style= "width:225.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 110.3pt left 220.65pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2008<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="330" valign="top" style= "width:247.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 238.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 238.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="73" valign="top" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 25.15pt left 50.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> North</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 25.15pt left 50.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> America<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="73" valign="top" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 25.15pt left 50.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 25.15pt left 50.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Europe<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="73" valign="top" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 25.15pt left 50.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 25.15pt left 50.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Asia<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="80" valign="top" style= "width:60.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 27.75pt left 55.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 27.75pt left 55.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Total<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td width="330" valign="bottom" style= "width:247.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 238.0pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Revenues<span style= "mso-tab-count: 1 dotted">.......................................................................................</span></span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 835.8</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 665.6</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 299.6</span></span> </p> </td> <td width="80" valign="bottom" style= "width:60.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 1,801.0</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td width="330" valign="bottom" style= "width:247.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 238.0pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">Net earnings (loss) (1)(2)<span style= "mso-tab-count:1 dotted">.............................................................</span></span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> (24.2)</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> (404.6)</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 82.8</span></span> </p> </td> <td width="80" valign="bottom" style= "width:60.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> (346.0)</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td width="330" valign="bottom" style= "width:247.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 238.0pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total assets<span style= "mso-tab-count: 1 dotted">...................................................................................</span></span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 9,979.2</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 8,982.9</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 5,821.6</span></span> </p> </td> <td width="80" valign="bottom" style= "width:60.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 24,783.7</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td width="330" valign="bottom" style= "width:247.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 238.0pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Amounts due to us<span style= "mso-tab-count:1 dotted">......................................................................</span></span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 30.2</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 22.4</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 147.4</span></span> </p> </td> <td width="80" valign="bottom" style= "width:60.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 200.0</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:6"> <td width="330" valign="bottom" style= "width:247.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 238.0pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Third party debt (3)<span style= "mso-tab-count:1 dotted">.....................................................................</span></span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 5,726.0</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 4,829.9</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 2,906.5</span></span> </p> </td> <td width="80" valign="bottom" style= "width:60.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 13,462.4</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:7"> <td width="330" valign="bottom" style= "width:247.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 238.0pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total liabilities<span style= "mso-tab-count:1 dotted">..............................................................................</span></span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 5,985.4</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 5,581.1</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 3,855.1</span></span> </p> </td> <td width="80" valign="bottom" style= "width:60.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 15,421.6</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:8"> <td width="330" valign="bottom" style= "width:247.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 238.0pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Minority interest<span style= "mso-tab-count:1 dotted">...........................................................................</span></span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 10.7</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 19.8</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 41.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> <td width="80" valign="bottom" style= "width:60.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 30.5</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:9"> <td width="330" valign="bottom" style= "width:247.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 238.0pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Equity<span style= "mso-tab-count: 1 dotted">............................................................................................</span></span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 3,983.1</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 3,382.0</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 1,966.5</span></span> </p> </td> <td width="80" valign="bottom" style= "width:60.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 9,331.6</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:10"> <td width="330" valign="bottom" style= "width:247.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 238.0pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">Our weighted average ownership at end of period (4)<span style= "mso-tab-count:1 dotted">..........</span></span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 27.5%</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 30.2%</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 20.0%</span></span> </p> </td> <td width="80" valign="bottom" style= "width:60.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 26.9%</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:11"> <td width="330" valign="bottom" style= "width:247.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 238.0pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">Our investment balance (5)<span style= "mso-tab-count:1 dotted">.......................................................</span></span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 941.7</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 634.6</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 381.7</span></span> </p> </td> <td width="80" valign="bottom" style= "width:60.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 1,958.0</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:12;mso-yfti-lastrow:yes"> <td width="330" valign="bottom" style= "width:247.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 238.0pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Deferred proceeds, net of amortization(6)<span style= "mso-tab-count:1 dotted">..............................</span></span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 246.7</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 299.0</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 163.3</span></span> </p> </td> <td width="80" valign="bottom" style= "width:60.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 709.0</span></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="330" valign="top" style= "width:247.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 238.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="300" colspan="4" valign="top" style= "width:225.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 110.3pt left 220.65pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2007<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="330" valign="top" style= "width:247.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 238.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 238.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="73" valign="top" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 25.15pt left 50.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> North</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 25.15pt left 50.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> America<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="73" valign="top" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 25.15pt left 50.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 25.15pt left 50.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Europe<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="73" valign="top" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 25.15pt left 50.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 25.15pt left 50.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Asia<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="80" valign="top" style= "width:60.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 27.75pt left 55.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 27.75pt left 55.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Total<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td width="330" valign="bottom" style= "width:247.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 238.0pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Revenues<span style= "mso-tab-count: 1 dotted">.......................................................................................</span></span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 634.1</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 493.2</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 180.4</span></span> </p> </td> <td width="80" valign="bottom" style= "width:60.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 1,307.7</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td width="330" valign="bottom" style= "width:247.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 238.0pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">Net earnings (1)(7)<span style= "mso-tab-count:1 dotted">.......................................................................</span></span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 27.6</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 234.1</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 64.4</span></span> </p> </td> <td width="80" valign="bottom" style= "width:60.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 326.1</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td width="330" valign="bottom" style= "width:247.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 238.0pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total assets<span style= "mso-tab-count: 1 dotted">...................................................................................</span></span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 9,034.7</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 6,526.4</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 3,810.5</span></span> </p> </td> <td width="80" valign="bottom" style= "width:60.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 19,371.6</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td width="330" valign="bottom" style= "width:247.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 238.0pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Amounts due to us<span style= "mso-tab-count:1 dotted">......................................................................</span></span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 24.8</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 70.0</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 109.1</span></span> </p> </td> <td width="80" valign="bottom" style= "width:60.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 203.9</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:6"> <td width="330" valign="bottom" style= "width:247.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 238.0pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Third party debt (3)<span style= "mso-tab-count:1 dotted">.....................................................................</span></span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 5,305.2</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 3,456.2</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 1,889.5</span></span> </p> </td> <td width="80" valign="bottom" style= "width:60.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 10,650.9</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:7"> <td width="330" valign="bottom" style= "width:247.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 238.0pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total liabilities<span style= "mso-tab-count:1 dotted">..............................................................................</span></span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 5,678.5</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 4,057.7</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 2,550.7</span></span> </p> </td> <td width="80" valign="bottom" style= "width:60.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 12,286.9</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:8"> <td width="330" valign="bottom" style= "width:247.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 238.0pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Minority interest<span style= "mso-tab-count:1 dotted">...........................................................................</span></span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 17.4</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 10.8</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 41.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> <td width="80" valign="bottom" style= "width:60.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 28.2</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:9"> <td width="330" valign="bottom" style= "width:247.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 238.0pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Equity<span style= "mso-tab-count: 1 dotted">............................................................................................</span></span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 3,338.8</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 2,457.9</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 1,259.8</span></span> </p> </td> <td width="80" valign="bottom" style= "width:60.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 7,056.5</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:10"> <td width="330" valign="bottom" style= "width:247.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 238.0pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">Our weighted average ownership at end of period (4)<span style= "mso-tab-count:1 dotted">..........</span></span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 27.9%</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 24.8%</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 20.0%</span></span> </p> </td> <td width="80" valign="bottom" style= "width:60.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 25.5%</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:11"> <td width="330" valign="bottom" style= "width:247.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 238.0pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">Our investment balance (5)<span style= "mso-tab-count:1 dotted">.......................................................</span></span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 818.0</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 653.1</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 284.0</span></span> </p> </td> <td width="80" valign="bottom" style= "width:60.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 1,755.1</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:12;mso-yfti-lastrow:yes"> <td width="330" valign="bottom" style= "width:247.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 238.0pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Deferred proceeds, net of amortization (6)<span style= "mso-tab-count:1 dotted">.............................</span></span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 216.4</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 193.9</span></span> </p> </td> <td width="73" valign="bottom" style= "width:55.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 127.0</span></span> </p> </td> <td width="80" valign="bottom" style= "width:60.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 537.3</span></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "text-align:justify;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt">____________</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-padding-alt:0in 4.5pt 0in 4.5pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(1)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">In North America, two of the property funds issued short-term bridge financing in 2007 to finance their acquisitions of properties from us and third parties and entered into interest rate swap contracts, designated as cash flow hedges, to mitigate interest expense volatility associated with movements of interest rates. Based on the anticipated refinancing of the bridge financings with long-term debt issuances, certain of these derivative contracts no longer met the requirements for hedge accounting and, therefore, the change in fair value of these contracts was recorded through earnings, along with the gain or loss on settlement. Included in net earnings (loss) from North America for 2008 are net losses of $77.0million, which represent the losses recognized from the change in value and settlement of these contracts. We included our proportionate share of these losses of $28.2million in Earnings (Loss) from Unconsolidated Property Funds for the year ended December31, 2008 in our Consolidated Statements of Operations.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">We have recorded our proportionate share of the losses of the North America funds in the amount of $38.0million that relate to the instruments that qualify for hedge accounting, including the outstanding contracts discussed above in Accumulated Other Comprehensive Income in Shareholders&#8217; Equity. Once these contracts are settled, the amount of the gain or loss upon settlement that is recorded by the property funds in comprehensive income will be amortized over the life of the forecasted transaction. As discussed above, for the contracts that did not qualify for hedge accounting, we recognized our share of the gains or losses in earnings. As of December31, 2008, ProLogis North American Industrial FundII has outstanding interest rate swap contracts, with notional amounts aggregating $223.2million resulting in a liability at fair value of $48.0million and swap rates ranging from 5.73% to 5.83%.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "page-break-before:always;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">In Japan, the property funds entered into swap contracts that fixed the interest rate of their variable rate debt. These contracts did not qualify for hedge accounting and any change in value of these contracts is recognized as an unrealized gain or loss in earnings over the term of the contract. These contracts have no cash settlement at the end of the contract term. Included in net earnings from Asia for the year ended December31, 2008 are net losses of $20.3million, which represent the change in value of these contracts. We included our proportionate share of these losses of $4.1million in Earnings (Loss) from Unconsolidated Property Funds for the year ended December31, 2008 in our Consolidated Statements of Operations.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:6"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:7"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(2)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Included in net loss for Europe in 2008 is the loss on sale and impairment of PEPR&#8217;s ownership in PEPF II, as discussed above, of $434.3million, of which $108.2million was our share.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:8"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:9"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(3)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">As of December31, 2008 and 2007, we had not guaranteed any of the debt of the property funds.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:10"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:11"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(4)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Represents the weighted average of our ownership interests in all property funds at December31, based on each entity&#8217;s contribution to total assets, before depreciation, net of other liabilities.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:12"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:13"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(5)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">The difference between our percentage ownership interest of the property fund&#8217;s equity and our investment balance results principally from three types of transactions: (i)deferring a portion of the proceeds we receive from a contribution of one of our properties to a property fund as a result of our continuing ownership in the property (see below); (ii)additional costs we incur associated with our investment in the property fund; and (iii)advances we have made to the property funds, generally timing related to fees.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:14"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:15"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(6)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">This amount is recorded as a reduction to our investment and represents the proceeds that we defer when we contribute a property to a property fund due to our continuing ownership in the property.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:16"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:17;mso-yfti-lastrow:yes"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(7)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Included in net earnings for Europe in 2007 is a net gain of $155.8million from the disposition of 47 properties by PEPR, of which $38.2million was our proportionate share.</span></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><i><span style="font-size:10.0pt"></span></i></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><i><span style="font-size:10.0pt">Other unconsolidated investees</span></i></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">At December31, 2008, we had investments in entities that develop and own industrial and retail properties, perform land and mixed-use development activity, own a hotel and own office properties. The amounts we have recognized as our proportionate share of the earnings (loss) from our investments in other unconsolidated investees, are summarized as follows (in thousands):</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="431" valign="top" style= "width:323.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 314.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="199" colspan="3" valign="top" style= "width:149.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 73.05pt left 137.85pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Years Ended December31,<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="431" valign="top" style= "width:323.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 314.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="68" valign="top" style= "width:50.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 18.6pt left 37.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2008<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="67" valign="top" style= "width:49.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 18.6pt left 37.5pt 58.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2007<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="65" valign="top" style= "width:48.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 18.6pt left 37.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2006<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td width="431" valign="bottom" style= "width:323.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 314.15pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">North America</span><span style= "mso-tab-count:1 dotted">...............................................................................................................</span></span> </p> </td> <td width="68" valign="bottom" style= "width:50.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.05pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt; line-height:93%">$ 11,527</span></span> </p> </td> <td width="67" valign="bottom" style= "width:49.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.05pt 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 7,428</span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.05pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt; line-height:93%">$ 45,651</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td width="431" valign="bottom" style= "width:323.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 314.15pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Europe</span><span style="mso-tab-count:1 dotted">.............................................................................................................................</span></span> </p> </td> <td width="68" valign="bottom" style= "width:50.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.05pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 1,815</span></u></span> </p> </td> <td width="67" valign="bottom" style= "width:49.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.05pt 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> (2,855</span></u></span><span><span style= "font-size:10.0pt;line-height:93%">)</span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.05pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 2,097</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:4;mso-yfti-lastrow:yes"> <td width="431" valign="bottom" style= "width:323.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 314.15pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total earnings from other unconsolidated investees<span style= "mso-tab-count:1 dotted">.............................................</span></span></span> </p> </td> <td width="68" valign="bottom" style= "width:50.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.05pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$ 13,342</span></u></span> </p> </td> <td width="67" valign="bottom" style= "width:49.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.05pt 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 4,573</span></u></span> </p> </td> <td width="65" valign="bottom" style= "width:48.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.05pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$ 47,748</span></u></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">In 2006, an unconsolidated investee in North America sold its assets in exchange for land parcels and certain rights to receive tax increment financing proceeds over a period of time. We recorded $35.0million, which represents our proportionate share of the earnings. Our investment was held in a taxable subsidiary so we also recognized a deferred income tax benefit of $12.4million and a current income tax expense of $27.0million. This investee substantially completed its operations at the end of 2006.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Our investments in and advances to these entities were as follows as of December 31 (in thousands):</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="488" valign="top" style= "width:365.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 356.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="75" valign="top" style= "width:56.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 20.85pt left 40.65pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2008<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="68" valign="top" style= "width:50.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 20.85pt left 40.65pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2007<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="488" valign="bottom" style= "width:365.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 356.45pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">North America</span><span style= "mso-tab-count:1 dotted">..................................................................................................................................</span></span> </p> </td> <td width="75" valign="bottom" style= "width:56.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 40.65pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt; line-height:93%">$ 150,963</span></span> </p> </td> <td width="68" valign="bottom" style= "width:50.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 40.65pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt; line-height:93%">$ 146,221</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td width="488" valign="bottom" style= "width:365.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 356.45pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Europe</span><span style="mso-tab-count:1 dotted">................................................................................................................................................</span></span> </p> </td> <td width="75" valign="bottom" style= "width:56.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 40.65pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 161,053</span></span> </p> </td> <td width="68" valign="bottom" style= "width:50.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 40.65pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 249,360</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td width="488" valign="bottom" style= "width:365.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 356.45pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Asia</span> <span style= "font-size:10.0pt;line-height:93%">(1)<span style= "mso-tab-count:1 dotted">...............................................................................................................................................</span></span></span> </p> </td> <td width="75" valign="bottom" style= "width:56.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 40.65pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> &#8212;</span></u></span> </p> </td> <td width="68" valign="bottom" style= "width:50.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 40.65pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 194,583</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:4;mso-yfti-lastrow:yes"> <td width="488" valign="bottom" style= "width:365.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 356.45pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total<span style= "mso-tab-count: 1 dotted">..................................................................................................................................................</span></span></span> </p> </td> <td width="75" valign="bottom" style= "width:56.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 40.65pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$ 312,016</span></u></span> </p> </td> <td width="68" valign="bottom" style= "width:50.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 40.65pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$ 590,164</span></u></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "text-align:justify;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt">____________</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-padding-alt:0in 4.5pt 0in 4.5pt"> <tr style= "mso-yfti-irow:0;mso-yfti-firstrow:yes;mso-yfti-lastrow:yes"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(1)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">As of December31, 2008, all of our unconsolidated investees in China were recorded as held for sale. See Note21.</span></span> </p> </td> </tr> </table> <style> /*<![CDATA[*/ st1:*{behavior:url(#ieooui) } <!-- /* Font Definitions */ @font-face {font-family:"Cambria Math"; panose-1:2 4 5 3 5 4 6 3 2 4; mso-font-charset:0; mso-generic-font-family:roman; mso-font-pitch:variable; mso-font-signature:-1610611985 1107304683 0 0 159 0;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-unhide:no; mso-style-qformat:yes; mso-style-parent:""; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman","serif"; mso-fareast-font-family:"Times New Roman";} h6 {mso-style-unhide:no; mso-style-qformat:yes; mso-style-link:"Heading 6 Char"; mso-style-next:Normal; margin:0in; margin-bottom:.0001pt; page-break-before:always; mso-pagination:widow-orphan; page-break-after:avoid; mso-outline-level:6; mso-layout-grid-align:none; text-autospace:none; font-size:10.0pt; font-family:"Times New Roman","serif"; font-weight:normal; font-style:italic;} p.MsoBodyText, li.MsoBodyText, div.MsoBodyText {mso-style-unhide:no; mso-style-link:"Body Text Char"; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; mso-layout-grid-align:none; text-autospace:none; font-size:10.0pt; font-family:"Times New Roman","serif"; mso-fareast-font-family:"Times New Roman";} span.Heading6Char {mso-style-name:"Heading 6 Char"; mso-style-unhide:no; mso-style-locked:yes; mso-style-link:"Heading 6"; font-style:italic;} span.BodyTextChar {mso-style-name:"Body Text Char"; mso-style-unhide:no; mso-style-locked:yes; mso-style-link:"Body Text";} .MsoChpDefault {mso-style-type:export-only; mso-default-props:yes; font-size:10.0pt; mso-ansi-font-size:10.0pt; mso-bidi-font-size:10.0pt;} @page Section1 {size:8.5in 11.0in; margin:1.0in 1.0in 1.0in 1.0in; mso-header-margin:.5in; mso-footer-margin:.5in; mso-paper-source:0;} div.Section1 {page:Section1;} - --> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} /*]]>*/ </style> </div> <div> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <a name= "_AUC00f53266c68540029da580861cde74d6"><b><span style="font-size:10.0pt"> 14.Income Taxes:</span></b></a> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><i><span style="font-size:10.0pt">Liability for Unrecognized Tax Benefits</span></i></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">For 2008, 2007 and 2006, we, and our consolidated REIT subsidiary, believe we have complied with the REIT requirements of the Code. The statute of limitations for our tax returns is generally three years, with our major tax jurisdictions being the United States, Japan, Luxembourg and the United Kingdom. As such, our tax returns that remain subject to examination would be primarily from 2005 and thereafter, except for Catellus, a subsidiary we acquired in 2005.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Certain 1999 through 2005 federal and state income tax returns of Catellus are currently under audit by the IRS and various state taxing authorities. In November 2008, we agreed to enter into a closing agreement with the IRS for the settlement of the 1999 through 2002 audits for $230.0million. As a result, we increased our unrecognized tax liability by $85.4million, including interest and penalties. As this liability was an income tax uncertainty related to an acquired company, we increased goodwill by $66.6million related to the liability that existed at the acquisition date. The remaining amount is included in current income tax expense in 2008. The payment terms and the closing agreement related to the $230.0million settlement are in the process of being finalized.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">The unrecognized tax benefit liability, which is defined in FIN48 as the difference between a tax position taken or expected to be taken in a tax return and the benefit measured and recognized in the financial statements, at December31, 2008 and 2007, which includes accrued interest and penalties of $114.4million and $70.9million, respectively, principally consists of estimated federal and state income tax liabilities associated with acquired companies.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoBodyText" style="page-break-before:always"> <span>A reconciliation of the liability for unrecognized tax benefits is as follows (in thousands):</span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="491" valign="top" style= "width:367.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 358.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="70" valign="top" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 23.85pt left 47.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2008<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="70" valign="top" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 23.85pt left 47.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2007<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="491" valign="bottom" style= "width:367.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 358.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Balance at January1,<span style= "mso-tab-count:1 dotted">......................................................................................................................</span></span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 192,438</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 172,650</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td width="491" valign="bottom" style= "width:367.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 358.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Additions based on tax positions related to the current year<span style= "mso-tab-count:1 dotted">...................................................</span></span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 4,785</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 8,501</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td width="491" valign="bottom" style= "width:367.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 358.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Additions for tax positions of prior years<span style= "mso-tab-count:1 dotted">....................................................................................</span></span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 143,045</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 16,109</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td width="491" valign="bottom" style= "width:367.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 358.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Reductions for tax positions of prior years<span style= "mso-tab-count:1 dotted">.................................................................................</span></span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (49,168)</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (2,322)</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td width="491" valign="bottom" style= "width:367.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 358.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Reductions due to lapse of applicable statute of limitations<span style= "mso-tab-count:1 dotted">...................................................</span></span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> (6,402</span></u></span><span><span style= "font-size:10.0pt;line-height:93%">)</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> (2,500</span></u></span><span><span style= "font-size:10.0pt;line-height:93%">)</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:6;mso-yfti-lastrow:yes"> <td width="491" valign="bottom" style= "width:367.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 358.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Balance at December31,<span style= "mso-tab-count:1 dotted">................................................................................................................</span></span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 284,698</span></u></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 192,438</span></u></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><i><span style="font-size:10.0pt">Components of Earnings (Loss) before Income Taxes</span></i></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Components of earnings (loss) before income taxes for the years ended December31, are as follows (in thousands):</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="415" valign="top" style= "width:311.3pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 301.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="75" valign="top" style= "width:55.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 25.6pt left 51.25pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2008<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="75" valign="top" style= "width:56.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 25.95pt left 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2007<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="65" valign="top" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 22.05pt left 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2006<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="415" valign="bottom" style= "width:311.3pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 301.95pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Domestic<span style= "mso-tab-count: 1 dotted">....................................................................................................................</span></span></span> </p> </td> <td width="75" valign="bottom" style= "width:55.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 47.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 59,321</span></span> </p> </td> <td width="75" valign="bottom" style= "width:56.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 275,334</span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 349,602</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td width="415" valign="bottom" style= "width:311.3pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 301.95pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">International<span style="mso-tab-count: 1 dotted">.............................................................................................................</span></span></span> </p> </td> <td width="75" valign="bottom" style= "width:55.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 47.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> (186,718</span></u></span><span><span style= "font-size:10.0pt;line-height:93%">)</span></span> </p> </td> <td width="75" valign="bottom" style= "width:56.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 779,265</span></u></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 394,335</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:3;mso-yfti-lastrow:yes"> <td width="415" valign="bottom" style= "width:311.3pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 301.95pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total<span style= "mso-tab-count: 1 dotted">..........................................................................................................................</span></span></span> </p> </td> <td width="75" valign="bottom" style= "width:55.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 47.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> (127,397</span></u></span><span><span style= "font-size:10.0pt;line-height:93%">)</span></span> </p> </td> <td width="75" valign="bottom" style= "width:56.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 1,054,599</span></u></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 743,937</span></u></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><i><span style="font-size:10.0pt">Summary of Current and Deferred Income Taxes</span></i></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Components of the provision for income taxes for the years ended December31, are as follows (in thousands):</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="432" valign="top" style= "width:323.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 314.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="63" valign="top" style= "width:47.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 21.25pt left 42.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2008<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="68" valign="top" style= "width:50.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 23.05pt left 46.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2007<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="68" valign="top" style= "width:50.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 23.05pt left 46.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2006<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="432" valign="top" style= "width:323.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 314.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><i><span style="font-size:10.0pt; line-height:93%"> Current income tax expense</span></i></span> </p> </td> <td width="63" valign="top" style= "width:47.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="68" valign="top" style= "width:50.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="68" valign="top" style= "width:50.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td width="432" valign="bottom" style= "width:323.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 314.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Federal<span style= "mso-tab-count: 1 dotted">............................................................................................................................</span></span></span> </p> </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 30,020</span></span> </p> </td> <td width="68" valign="bottom" style= "width:50.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 28,264</span></span> </p> </td> <td width="68" valign="bottom" style= "width:50.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 49,900</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td width="432" valign="bottom" style= "width:323.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 314.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Non-U.S<span style= "mso-tab-count: 1 dotted">..........................................................................................................................</span></span></span> </p> </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 32,283</span></span> </p> </td> <td width="68" valign="bottom" style= "width:50.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 35,423</span></span> </p> </td> <td width="68" valign="bottom" style= "width:50.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 19,512</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td width="432" valign="bottom" style= "width:323.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 314.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">State and local<span style= "mso-tab-count:1 dotted">..............................................................................................................</span></span></span> </p> </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 1,138</span></u></span> </p> </td> <td width="68" valign="bottom" style= "width:50.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 2,652</span></u></span> </p> </td> <td width="68" valign="bottom" style= "width:50.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 14,096</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td width="432" valign="bottom" style= "width:323.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 314.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total Current<span style= "mso-tab-count: 1 dotted">................................................................................................................</span></span></span> </p> </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 63,441</span></u></span> </p> </td> <td width="68" valign="bottom" style= "width:50.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 66,339</span></u></span> </p> </td> <td width="68" valign="bottom" style= "width:50.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 83,508</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:6"> <td width="432" valign="bottom" style= "width:323.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 314.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><i><span style="font-size:10.0pt;line-height:93%"> Deferred income tax (benefit) expense</span></i></span> </p> </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="68" valign="bottom" style= "width:50.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="68" valign="bottom" style= "width:50.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:7"> <td width="432" valign="bottom" style= "width:323.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 314.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Federal<span style= "mso-tab-count: 1 dotted">............................................................................................................................</span></span></span> </p> </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 9,637</span></span> </p> </td> <td width="68" valign="bottom" style= "width:50.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (16,197)</span></span> </p> </td> <td width="68" valign="bottom" style= "width:50.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (26,382)</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:8"> <td width="432" valign="bottom" style= "width:323.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 314.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Non-U.S<span style= "mso-tab-count: 1 dotted">..........................................................................................................................</span></span></span> </p> </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> (5,067</span></u></span><span><span style= "font-size:10.0pt;line-height:93%">)</span></span> </p> </td> <td width="68" valign="bottom" style= "width:50.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 16,713</span></u></span> </p> </td> <td width="68" valign="bottom" style= "width:50.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> (27,340</span></u></span><span><span style= "font-size:10.0pt;line-height:93%">)</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:9"> <td width="432" valign="bottom" style= "width:323.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 314.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total Deferred<span style= "mso-tab-count:1 dotted">..............................................................................................................</span></span></span> </p> </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 4,570</span></u></span> </p> </td> <td width="68" valign="bottom" style= "width:50.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 516</span></u></span> </p> </td> <td width="68" valign="bottom" style= "width:50.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> (53,722</span></u></span><span><span style= "font-size:10.0pt;line-height:93%">)</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:10;mso-yfti-lastrow:yes"> <td width="432" valign="bottom" style= "width:323.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:11.8pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 314.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total income tax expense<span style= "mso-tab-count:1 dotted">.........................................................................................</span></span></span> </p> </td> <td width="63" valign="bottom" style= "width:47.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 68,011</span></u></span> </p> </td> <td width="68" valign="bottom" style= "width:50.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 66,855</span></u></span> </p> </td> <td width="68" valign="bottom" style= "width:50.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 29,786</span></u></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><i><span style="font-size:10.0pt">Current Income Taxes</span></i></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Current income tax expense is generally a function of the level of income recognized by our TRSs, state income taxes, taxes incurred in foreign jurisdictions and interest and penalties associated with our income tax liabilities. During the years ended December31, 2008, 2007 and 2006, we recognized $37.7million, $22.0million, and $11.1million, respectively, of interest and penalties related to our unrecognized tax benefits. During the years ended December31, 2008, 2007 and 2006, cash paid for income taxes was $67.3million, $35.9million and $74.1million, respectively.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><i><span style="font-size:10.0pt">Deferred Income Taxes</span></i></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Deferred income tax expense is generally a function of the period&#8217;s temporary differences, the utilization of tax net operating losses generated in prior years that had been previously recognized as deferred income tax assets and deferred income tax liabilities related to indemnification agreements for contributions to certain property funds.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">For federal income tax purposes, certain acquisitions have been treated as tax-free transactions resulting in a carry-over basis for tax purposes. For financial reporting purposes and in accordance with purchase accounting, we record all of the acquired assets and liabilities at the estimated fair values at the date of acquisition. For our TRSs, we recognize the deferred income tax liabilities that represent the tax effect of the difference between the tax basis carried over and the fair value of the tangible assets at the date of acquisition. As taxable income is generated in these subsidiaries, we recognize a deferred income tax benefit in earnings as a result of the reversal of the deferred income tax liability previously recorded at the acquisition date and we record current income tax expense representing the entire current income tax liability. Any increases or decreases to the deferred income tax liability recorded in connection with these acquisitions, related to tax uncertainties acquired, was reflected as an adjustment to goodwill through December31, 2008. During the years ended December31, 2008 and 2007, we reduced deferred tax liabilities and goodwill by $8.8million and $16.3million, respectively. Beginning in 2009, in connection with the adoption of SFAS141R, any increases or decreases related to tax uncertainties will be reflected in earnings.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Deferred income tax assets and liabilities as of December31, were as follows (in thousands):</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="495" valign="top" style= "width:371.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 362.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="65" valign="top" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 22.05pt left 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2008<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="70" valign="top" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 23.85pt left 47.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2007<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="495" valign="bottom" style= "width:371.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 362.1pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Deferred income tax assets:</span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td width="495" valign="bottom" style= "width:371.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 362.1pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">Net operating loss carryforwards (1)<span style= "mso-tab-count:1 dotted">..............................................................................................</span></span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 17,775</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 22,139</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td width="495" valign="bottom" style= "width:371.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 362.1pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Basis difference&#8212; real estate properties<span style= "mso-tab-count:1 dotted">......................................................................................</span></span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 6,378</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 8,060</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td width="495" valign="bottom" style= "width:371.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 362.1pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Alternative minimum tax credit carryforward<span style= "mso-tab-count:1 dotted">.............................................................................</span></span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 921</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 786</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td width="495" valign="bottom" style= "width:371.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 362.1pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Other&#8212; temporary differences<span style= "mso-tab-count:1 dotted">......................................................................................................</span></span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 14,754</span></u></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 15,007</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:6"> <td width="495" valign="bottom" style= "width:371.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 362.1pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total deferred income tax assets<span style= "mso-tab-count:1 dotted">...................................................................................................</span></span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 39,828</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 45,992</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:7"> <td width="495" valign="bottom" style= "width:371.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:8.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 362.1pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Valuation allowance<span style= "mso-tab-count:1 dotted">.........................................................................................................................</span></span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> &#8212;</span></u></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> (675</span></u></span><span><span style= "font-size:10.0pt;line-height:93%">)</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:8"> <td width="495" valign="bottom" style= "width:371.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:12.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 362.1pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">Net deferred income tax assets<span style= "mso-tab-count:1 dotted">.....................................................................................................</span></span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 39,828</span></u></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 45,317</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:9"> <td width="495" valign="bottom" style= "width:371.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 362.1pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Deferred income tax liabilities:</span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:10"> <td width="495" valign="bottom" style= "width:371.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 362.1pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Basis difference&#8212; real estate properties<span style= "mso-tab-count:1 dotted">......................................................................................</span></span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 5,009</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 50,698</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:11"> <td width="495" valign="bottom" style= "width:371.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 362.1pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Built-in gains&#8212; real estate properties<span style= "mso-tab-count:1 dotted">...........................................................................................</span></span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 23,279</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 29,802</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:12"> <td width="495" valign="bottom" style= "width:371.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 362.1pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Basis difference&#8212; equity investees<span style= "mso-tab-count:1 dotted">..............................................................................................</span></span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 11,210</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 11,554</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:13"> <td width="495" valign="bottom" style= "width:371.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 362.1pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Built-in gains&#8212; equity investees<span style= "mso-tab-count:1 dotted">....................................................................................................</span></span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 24,741</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 26,597</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:14"> <td width="495" valign="bottom" style= "width:371.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 362.1pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Indemnification liabilities<span style= "mso-tab-count:1 dotted">................................................................................................................</span></span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 38,412</span></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 15,451</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:15"> <td width="495" valign="bottom" style= "width:371.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 362.1pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Other&#8212; temporary differences<span style= "mso-tab-count:1 dotted">......................................................................................................</span></span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 20,105</span></u></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 18,835</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:16"> <td width="495" valign="bottom" style= "width:371.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 362.1pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total deferred income tax liabilities<span style= "mso-tab-count:1 dotted">..............................................................................................</span></span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 122,756</span></u></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 152,937</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:17;mso-yfti-lastrow:yes"> <td width="495" valign="bottom" style= "width:371.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:12.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 362.1pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">Net deferred income tax liabilities<span style= "mso-tab-count:1 dotted">................................................................................................</span></span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 82,928</span></u></span> </p> </td> <td width="70" valign="bottom" style= "width:52.4pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 107,620</span></u></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "text-align:justify;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt">____________</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-padding-alt:0in 4.5pt 0in 4.5pt"> <tr style= "mso-yfti-irow:0;mso-yfti-firstrow:yes;mso-yfti-lastrow:yes"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(1)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">At December31, 2008, we had net operating loss (&#8220;NOL&#8221;) carryforwards for U.S. federal income tax purposes of $45.9million. If not utilized, the U.S. NOLs expire between 2022 and 2027.</span></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><i><span style="font-size:10.0pt"></span></i></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><i><span style="font-size:10.0pt">Indemnification Agreements</span></i></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">We have indemnification agreements related to most property funds operating outside of the United States for the contribution of certain properties. We enter into agreements whereby we indemnify the funds, or our fund partners, for taxes that may be assessed with respect to certain properties we contribute to these funds. Our contributions to these funds are generally structured as contributions of shares of companies that own the real estate assets. Accordingly, the capital gains associated with the step up in the value of the underlying real estate assets, for tax purposes, are deferred and transferred to the funds at contribution. We have generally indemnified these funds to the extent that the funds: (i)incur capital gains or withholding tax as a result of a direct sale of the real estate asset, as opposed to a transaction in which the shares of the company owning the real estate asset are transferred or sold or (ii)are required to grant a discount to the buyer of shares under a share transfer transaction as a result of the funds transferring the embedded capital gain tax liability to the buyer of the shares in the transaction. The agreements generally limit the amount that is subject to our indemnification with respect to each property to 100% of the actual tax liabilities related to the capital gains that are deferred and transferred by us to the funds at the time of the initial contribution less any deferred tax assets transferred with the property.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:7.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">In connection with our acquisition of MPR in 2007, we are no longer obligated under an indemnification we previously provided to ProLogis North American Properties FundV and, accordingly, we recognized a deferred tax benefit of $6.3million in 2007 for the reversal of the obligation. In 2006, we were previously obligated to the pre-IPO unitholders of PEPR under a tax indemnification agreement entered into in August 2003 and related to properties contributed to PEPR prior to its IPO. As we were no longer obligated for indemnification with respect to those properties, we recognized a deferred income tax benefit of $36.8million related to the reversal of this obligation in 2006.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:1.0pt"></span></span> </p><span><span style= "font-size:10.0pt;font-family:Times New Roman,serif;mso-fareast-font-family: Times New Roman;mso-ansi-language:EN-US;mso-fareast-language:EN-US; mso-bidi-language:AR-SA">The ultimate outcome under these agreements is uncertain as it is dependent on the method and timing of dissolution of the related property fund or disposition of any properties by the property fund. As discussed above, two of our previous agreements were terminated without any amounts being due or payable by us. We consider the probability, timing and amounts in estimating our potential liability under the agreements, which we have estimated as $38.4million and $15.5million at December31, 2008 and 2007, respectively. We continue to monitor these agreements and the likelihood of the sale of assets that would result in recognition and will adjust the potential liability in the future as facts and circumstances dictate.</span></span> <style> /*<![CDATA[*/ st1:*{behavior:url(#ieooui) } <!-- /* Font Definitions */ @font-face {font-family:"Cambria Math"; panose-1:2 4 5 3 5 4 6 3 2 4; mso-font-charset:0; mso-generic-font-family:roman; mso-font-pitch:variable; mso-font-signature:-1610611985 1107304683 0 0 159 0;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-unhide:no; mso-style-qformat:yes; mso-style-parent:""; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman","serif"; mso-fareast-font-family:"Times New Roman";} p.MsoBodyText, li.MsoBodyText, div.MsoBodyText {mso-style-unhide:no; mso-style-link:"Body Text Char"; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; mso-layout-grid-align:none; text-autospace:none; font-size:10.0pt; font-family:"Times New Roman","serif"; mso-fareast-font-family:"Times New Roman";} span.BodyTextChar {mso-style-name:"Body Text Char"; mso-style-unhide:no; mso-style-locked:yes; mso-style-link:"Body Text";} .MsoChpDefault {mso-style-type:export-only; mso-default-props:yes; font-size:10.0pt; mso-ansi-font-size:10.0pt; mso-bidi-font-size:10.0pt;} @page Section1 {size:8.5in 11.0in; margin:1.0in 1.0in 1.0in 1.0in; mso-header-margin:.5in; mso-footer-margin:.5in; mso-paper-source:0;} div.Section1 {page:Section1;} - --> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} /*]]>*/ </style> </div> <div> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <a name= "_AUCd907a2da604046818347e291d26f848e"><b><span style="font-size:10.0pt"> 9.Minority Interest:</span></b></a> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">We have reported minority interest related to three real estate partnerships in North America and other entities we consolidate but do not wholly own. The real estate partnerships have limited partnership units, held by minority interest holders, that are convertible into our common shares at a rate of 1 or 1.1 common shares to 1unit depending on the partnership. Information at December 31 is as follows (dollars in thousands):</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="334" valign="top" style= "width:250.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 241.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="148" colspan="2" valign="top" style= "width:111.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 53.15pt left 106.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2008<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="148" colspan="2" valign="top" style= "width:111.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 53.15pt left 106.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2007<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="334" valign="top" style= "width:250.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 241.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%">Type of Entity</span></u></b></span> </p> </td> <td width="58" valign="top" style= "width:43.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 19.5pt left 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Balance<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="90" valign="top" style= "width:67.3pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 31.3pt left 62.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%">Minority Interest<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="58" valign="top" style= "width:43.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 19.5pt left 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Balance<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="90" valign="top" style= "width:67.3pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 31.3pt left 62.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%">Minority Interest<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td width="334" valign="bottom" style= "width:250.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 241.35pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">North America</span> <span style="font-size:10.0pt;line-height:93%">limited partnerships (1)(2)(3)<span style= "mso-tab-count:1 dotted">...........................</span></span></span> </p> </td> <td width="58" valign="bottom" style= "width:43.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 14,396</span></span> </p> </td> <td width="90" valign="bottom" style= "width:67.3pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="right" style= "margin-right:20.4pt;text-align:right; line-height:93%;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">4-7%</span></span> </p> </td> <td width="58" valign="bottom" style= "width:43.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 31,192</span></span> </p> </td> <td width="90" valign="bottom" style= "width:67.3pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="right" style= "margin-right:.25in;text-align:right; line-height:93%;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">4-31%</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td width="334" valign="bottom" style= "width:250.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 241.35pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">North America</span><span style= "font-size:10.0pt;line-height:93%">&#8212; joint ventures<span style= "mso-tab-count:1 dotted">................................................</span></span></span> </p> </td> <td width="58" valign="bottom" style= "width:43.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 676</span></span> </p> </td> <td width="90" valign="bottom" style= "width:67.3pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="right" style= "margin-right:20.4pt;text-align:right; line-height:93%;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">1-25%</span></span> </p> </td> <td width="58" valign="bottom" style= "width:43.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 537</span></span> </p> </td> <td width="90" valign="bottom" style= "width:67.3pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="right" style= "margin-right:.25in;text-align:right; line-height:93%;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">1-25%</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td width="334" valign="bottom" style= "width:250.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 241.35pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Europe</span> <span style="font-size:10.0pt;line-height:93%">joint venture<span style= "mso-tab-count:1 dotted">.....................................................................</span></span></span> </p> </td> <td width="58" valign="bottom" style= "width:43.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 4,806</span></span> </p> </td> <td width="90" valign="bottom" style= "width:67.3pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="right" style= "margin-right:20.4pt;text-align:right; line-height:93%;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">50%</span></span> </p> </td> <td width="58" valign="bottom" style= "width:43.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 6,286</span></span> </p> </td> <td width="90" valign="bottom" style= "width:67.3pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="right" style= "margin-right:.25in;text-align:right; line-height:93%;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">50%</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td width="334" valign="bottom" style= "width:250.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 241.35pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height: 93%">China</span> <span style="font-size: 10.0pt;line-height:93%">joint ventures (4)<span style= "mso-tab-count:1 dotted">...............................................................</span></span></span> </p> </td> <td width="58" valign="bottom" style= "width:43.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> &#8212;</span></u></span> </p> </td> <td width="90" valign="bottom" style= "width:67.3pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="right" style= "text-align:right;line-height:93%; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"></span></span> </p> </td> <td width="58" valign="bottom" style= "width:43.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 40,646</span></u></span> </p> </td> <td width="90" valign="bottom" style= "width:67.3pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="right" style= "margin-right:.25in;text-align:right; line-height:93%;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">20-49%</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:6;mso-yfti-lastrow:yes"> <td width="334" valign="top" style= "width:250.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 241.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"></span></span> </p> </td> <td width="58" valign="top" style= "width:43.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 19,878</span></u></span> </p> </td> <td width="90" valign="top" style= "width:67.3pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="right" style= "text-align:right;line-height:93%; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"></span></span> </p> </td> <td width="58" valign="top" style= "width:43.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 78,661</span></u></span> </p> </td> <td width="90" valign="top" style= "width:67.3pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="right" style= "text-align:right;line-height:93%; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"></span></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "text-align:justify;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt">____________</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-padding-alt:0in 4.5pt 0in 4.5pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(1)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">At December31, 2008 and 2007, an aggregate of 1,233,566 and 5,052,197 limited partnership units, respectively, held by minority interest holders are convertible into 1,234,556 and 5,053,187 common shares, respectively. The majority of the outstanding limited partnership units are entitled to receive cumulative preferential quarterly cash distributions equal to the quarterly distributions paid on our common shares.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(2)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Certain properties owned by one of these partnerships cannot be sold, other than in tax-deferred exchanges, prior to the occurrence of certain events and without the consent of the limited partners. The partnership agreement provides that a minimum level of debt must be maintained within the partnership, which can include intercompany debt to us.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(3)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">In 2008, 3,911,923 of outstanding limited partnership units were converted into an equal number of common shares. Also in 2008, we issued 93,293 limited partnership units in exchange for a property that was contributed by a minority interest unitholder to the partnership.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:6;mso-yfti-lastrow:yes"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(4)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Our China operations are classified as held for sale at December31, 2008.</span></span> </p> </td> </tr> </table> <style> /*<![CDATA[*/ st1:*{behavior:url(#ieooui) } <!-- /* Font Definitions */ @font-face {font-family:"Cambria Math"; panose-1:2 4 5 3 5 4 6 3 2 4; mso-font-charset:0; mso-generic-font-family:roman; mso-font-pitch:variable; mso-font-signature:-1610611985 1107304683 0 0 159 0;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-unhide:no; mso-style-qformat:yes; mso-style-parent:""; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman","serif"; mso-fareast-font-family:"Times New Roman";} .MsoChpDefault {mso-style-type:export-only; mso-default-props:yes; font-size:10.0pt; mso-ansi-font-size:10.0pt; mso-bidi-font-size:10.0pt;} @page Section1 {size:8.5in 11.0in; margin:1.0in 1.0in 1.0in 1.0in; mso-header-margin:.5in; mso-footer-margin:.5in; mso-paper-source:0;} div.Section1 {page:Section1;} - --> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} /*]]>*/ </style> </div> <div> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <a name= "_AUC0433ecb598e24fffa224cd7453fc43e9"><b><span style="font-size:10.0pt"> 1.Description of Business:</span></b></a> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p><span><span style= "font-size:10.0pt;font-family:Times New Roman,serif;mso-fareast-font-family: Times New Roman;mso-ansi-language:EN-US;mso-fareast-language:EN-US; mso-bidi-language:AR-SA">ProLogis, collectively with our consolidated subsidiaries (&#8220;we&#8221;, &#8220;our&#8221;, &#8220;us&#8221;, &#8220;the Company&#8221; or &#8220;ProLogis&#8221;), is a publicly held real estate investment trust (&#8220;REIT&#8221;) that owns, operates and develops (directly and through our unconsolidated investees) primarily industrial properties in North America, Europe and Asia. Through 2008, our business consisted of three reportable business segments: (i)direct owned (previously referred to as property operations); (ii)investment management; and (iii)CDFS business. Our direct owned segment represents the direct long-term ownership of industrial properties. Our investment management segment represents the long-term investment management of property funds and joint ventures and the properties they own. Our CDFS business segment primarily encompasses our development or acquisition of real estate properties that are generally contributed to a property fund in which we have an ownership interest and act as manager, or sold to third parties. Recent economic conditions have resulted in changes in our business strategy. As a result, as of December31, 2008, our business strategy no longer includes the CDFS Business segment. See Note19 for further discussion of our business segments.</span></span> <style> /*<![CDATA[*/ <!-- /* Font Definitions */ @font-face {font-family:"Cambria Math"; panose-1:2 4 5 3 5 4 6 3 2 4; mso-font-charset:0; mso-generic-font-family:roman; mso-font-pitch:variable; mso-font-signature:-1610611985 1107304683 0 0 159 0;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-unhide:no; mso-style-qformat:yes; mso-style-parent:""; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman","serif"; mso-fareast-font-family:"Times New Roman";} .MsoChpDefault {mso-style-type:export-only; mso-default-props:yes; font-size:10.0pt; mso-ansi-font-size:10.0pt; mso-bidi-font-size:10.0pt;} @page Section1 {size:8.5in 11.0in; margin:1.0in 1.0in 1.0in 1.0in; mso-header-margin:.5in; mso-footer-margin:.5in; mso-paper-source:0;} div.Section1 {page:Section1;} - --> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} /*]]>*/ </style> </div> <div> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <a name= "_AUC89437bd95fa54791b40d34e130b97b33"><b><span style="font-size:10.0pt"> 22.Selected Quarterly Financial Data (Unaudited):</span></b></a> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Selected quarterly 2008 and 2007 data (in thousands, except per share amounts) is summarized in the table below. The amounts have been restated from previously disclosed amounts due to the disposal of properties in 2008 and 2007 whose results of operations were reclassified to discontinued operations in our Consolidated Statements of Operations, as well as our China operations, which are classified as held for sale at December31, 2008:</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="302" valign="top" style= "width:226.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 217.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="328" colspan="4" valign="top" style= "width:246.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 111.1pt left 231.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Three Months Ended,<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="302" valign="top" style= "width:226.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 217.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="81" valign="top" style= "width:60.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 23.8pt left 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> March31,<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="82" valign="top" style= "width:61.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 23.8pt left 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> June30,<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="81" valign="top" style= "width:60.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 23.8pt left 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%">September30,<span style="mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="84" valign="top" style= "width:63.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 23.8pt 38.35pt left 49.45pt 76.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%">December31,<span style="mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td width="302" valign="bottom" style= "width:226.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 217.15pt;mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:10.0pt;line-height:93%"> 2008:</span></b></span> </p> </td> <td width="81" valign="bottom" style= "width:60.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="81" valign="bottom" style= "width:60.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="84" valign="bottom" style= "width:63.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td width="302" valign="bottom" style= "width:226.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 217.15pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total revenues<span style= "mso-tab-count:1 dotted">...................................................................</span></span></span> </p> </td> <td width="81" valign="bottom" style= "width:60.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$ 1,646,139</span></u></span> </p> </td> <td width="82" valign="bottom" style= "width:61.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$ 1,508,149</span></u></span> </p> </td> <td width="81" valign="bottom" style= "width:60.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$ 1,008,292</span></u></span> </p> </td> <td width="84" valign="bottom" style= "width:63.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$ 1,492,246</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td width="302" valign="bottom" style= "width:226.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 217.15pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Operating income (loss)<span style= "mso-tab-count:1 dotted">....................................................</span></span></span> </p> </td> <td width="81" valign="bottom" style= "width:60.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 358,617</span></u></span> </p> </td> <td width="82" valign="bottom" style= "width:61.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 267,008</span></u></span> </p> </td> <td width="81" valign="bottom" style= "width:60.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 143,109</span></u></span> </p> </td> <td width="84" valign="bottom" style= "width:63.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> (145,207</span></u></span><span><span style= "font-size:10.0pt;line-height:93%">)</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td width="302" valign="bottom" style= "width:226.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 217.15pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Earnings (loss) from continuing operations<span style= "mso-tab-count:1 dotted">..................</span></span></span> </p> </td> <td width="81" valign="bottom" style= "width:60.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 197,729</span></u></span> </p> </td> <td width="82" valign="bottom" style= "width:61.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 231,198</span></u></span> </p> </td> <td width="81" valign="bottom" style= "width:60.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 51,624</span></u></span> </p> </td> <td width="84" valign="bottom" style= "width:63.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> (675,959</span></u></span><span><span style= "font-size:10.0pt;line-height:93%">)</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:6"> <td width="302" valign="bottom" style= "width:226.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 217.15pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">Net earnings (loss) attributable to common shares<span style="mso-tab-count:1 dotted">.....</span></span></span> </p> </td> <td width="81" valign="bottom" style= "width:60.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 194,005</span></u></span> </p> </td> <td width="82" valign="bottom" style= "width:61.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 217,392</span></u></span> </p> </td> <td width="81" valign="bottom" style= "width:60.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 43,472</span></u></span> </p> </td> <td width="84" valign="bottom" style= "width:63.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> (887,065</span></u></span><span><span style= "font-size:10.0pt;line-height:93%">)</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:7"> <td width="302" valign="bottom" style= "width:226.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 217.15pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">Net earnings (loss) per share attributable to common shares&#8212; Basic (1)<span style= "mso-tab-count: 1 dotted">..........................................................</span></span></span> </p> </td> <td width="81" valign="bottom" style= "width:60.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.3pt 60.25pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> .75</span></u></span> </p> </td> <td width="82" valign="bottom" style= "width:61.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.3pt 60.25pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> .83</span></u></span> </p> </td> <td width="81" valign="bottom" style= "width:60.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.3pt 60.25pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> .17</span></u></span> </p> </td> <td width="84" valign="bottom" style= "width:63.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.3pt 60.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> (3.34</span></u></span><span><span style= "font-size:10.0pt;line-height:93%">)</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:8"> <td width="302" valign="bottom" style= "width:226.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 217.15pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">Net earnings (loss) per share attributable to common shares&#8212; Diluted (1) (2)<span style= "mso-tab-count: 1 dotted">.................................................</span></span></span> </p> </td> <td width="81" valign="bottom" style= "width:60.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.3pt 60.25pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> .73</span></u></span> </p> </td> <td width="82" valign="bottom" style= "width:61.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.3pt 60.25pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> .80</span></u></span> </p> </td> <td width="81" valign="bottom" style= "width:60.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.3pt 60.25pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> .16</span></u></span> </p> </td> <td width="84" valign="bottom" style= "width:63.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.3pt 60.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> (3.34</span></u></span><span><span style= "font-size:10.0pt;line-height:93%">)</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:9"> <td width="302" valign="bottom" style= "width:226.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 217.15pt;mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:10.0pt;line-height:93%"> 2007:</span></b></span> </p> </td> <td width="81" valign="bottom" style= "width:60.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="81" valign="bottom" style= "width:60.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="84" valign="bottom" style= "width:63.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:10"> <td width="302" valign="bottom" style= "width:226.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 217.15pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total revenues<span style= "mso-tab-count:1 dotted">...................................................................</span></span></span> </p> </td> <td width="81" valign="bottom" style= "width:60.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 952,804</span></u></span> </p> </td> <td width="82" valign="bottom" style= "width:61.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 984,228</span></u></span> </p> </td> <td width="81" valign="bottom" style= "width:60.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$ 3,456,837</span></u></span> </p> </td> <td width="84" valign="bottom" style= "width:63.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 794,803</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:11"> <td width="302" valign="bottom" style= "width:226.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 217.15pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Operating income<span style= "mso-tab-count:1 dotted">..............................................................</span></span></span> </p> </td> <td width="81" valign="bottom" style= "width:60.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 321,210</span></u></span> </p> </td> <td width="82" valign="bottom" style= "width:61.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 298,626</span></u></span> </p> </td> <td width="81" valign="bottom" style= "width:60.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 350,489</span></u></span> </p> </td> <td width="84" valign="bottom" style= "width:63.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 171,646</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:12"> <td width="302" valign="bottom" style= "width:226.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 217.15pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Earnings from continuing operations<span style= "mso-tab-count:1 dotted">............................</span></span></span> </p> </td> <td width="81" valign="bottom" style= "width:60.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 229,017</span></u></span> </p> </td> <td width="82" valign="bottom" style= "width:61.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 365,898</span></u></span> </p> </td> <td width="81" valign="bottom" style= "width:60.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 297,295</span></u></span> </p> </td> <td width="84" valign="bottom" style= "width:63.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 95,534</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:13"> <td width="302" valign="bottom" style= "width:226.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 217.15pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">Net earnings attributable to common shares<span style= "mso-tab-count:1 dotted">...............</span></span></span> </p> </td> <td width="81" valign="bottom" style= "width:60.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 236,091</span></u></span> </p> </td> <td width="82" valign="bottom" style= "width:61.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 400,104</span></u></span> </p> </td> <td width="81" valign="bottom" style= "width:60.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 299,444</span></u></span> </p> </td> <td width="84" valign="bottom" style= "width:63.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 49.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 113,278</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:14"> <td width="302" valign="bottom" style= "width:226.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 217.15pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">Net earnings per share attributable to common shares&#8212; Basic (1)<span style= "mso-tab-count:1 dotted">..........................................................</span></span></span> </p> </td> <td width="81" valign="bottom" style= "width:60.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.3pt 60.25pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> .93</span></u></span> </p> </td> <td width="82" valign="bottom" style= "width:61.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.3pt 60.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 1.56</span></u></span> </p> </td> <td width="81" valign="bottom" style= "width:60.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.3pt 60.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 1.16</span></u></span> </p> </td> <td width="84" valign="bottom" style= "width:63.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.3pt 60.25pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> .44</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:15;mso-yfti-lastrow:yes"> <td width="302" valign="bottom" style= "width:226.5pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 217.15pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">Net earnings per share attributable to common shares&#8212; Diluted (1)<span style= "mso-tab-count:1 dotted">.......................................................</span></span></span> </p> </td> <td width="81" valign="bottom" style= "width:60.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.3pt 60.25pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> .89</span></u></span> </p> </td> <td width="82" valign="bottom" style= "width:61.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.3pt 60.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 1.50</span></u></span> </p> </td> <td width="81" valign="bottom" style= "width:60.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.3pt 60.3pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 1.12</span></u></span> </p> </td> <td width="84" valign="bottom" style= "width:63.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 37.3pt 60.25pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> .43</span></u></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "text-align:justify;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt">____________</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-padding-alt:0in 4.5pt 0in 4.5pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(1)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Quarterly earnings per common share amounts may not total to the annual amounts due to rounding and to the change in the number of common shares outstanding.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:2;mso-yfti-lastrow:yes"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(2)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">In periods with a net loss, the inclusion of any incremental shares is anti-dilutive, and therefore, both basic and diluted loss per share is the same.</span></span> </p> </td> </tr> </table> <style> /*<![CDATA[*/ st1:*{behavior:url(#ieooui) } <!-- /* Font Definitions */ @font-face {font-family:"Cambria Math"; panose-1:2 4 5 3 5 4 6 3 2 4; mso-font-charset:0; mso-generic-font-family:roman; mso-font-pitch:variable; mso-font-signature:-1610611985 1107304683 0 0 159 0;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-unhide:no; mso-style-qformat:yes; mso-style-parent:""; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman","serif"; mso-fareast-font-family:"Times New Roman";} .MsoChpDefault {mso-style-type:export-only; mso-default-props:yes; font-size:10.0pt; mso-ansi-font-size:10.0pt; mso-bidi-font-size:10.0pt;} @page Section1 {size:8.5in 11.0in; margin:1.0in 1.0in 1.0in 1.0in; mso-header-margin:.5in; mso-footer-margin:.5in; mso-paper-source:0;} div.Section1 {page:Section1;} - --> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} /*]]>*/ </style> </div> <div> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <a name= "_AUC1e18cbc8407945c39d1bb8b90be3dbde"><b><span style="font-size:10.0pt"> 3.Real Estate:</span></b></a> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><i><span style="font-size:10.0pt">Real Estate Assets</span></i></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Real estate assets are presented at cost, and consist of the following (in thousands):</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="465" valign="top" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 339.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="165" colspan="2" valign="top" style= "width:123.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 59.45pt left 118.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> December31,<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="465" valign="top" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 339.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="82" valign="top" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 28.55pt left 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2008<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="82" valign="top" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 28.55pt left 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2007<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Investments in real estate assets:</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Industrial properties (1):</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Improved land<span style= "mso-tab-count: 1 dotted">........................................................................................................................</span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 2,414,023</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 2,247,013</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:10.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Buildings and improvements<span style= "mso-tab-count:1 dotted">...............................................................................................</span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 8,542,445</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 8,799,318</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:6"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Retail and mixed use properties (2):</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:7"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Improved land<span style= "mso-tab-count: 1 dotted">........................................................................................................................</span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 81,117</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 77,536</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:8"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:10.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Buildings and improvements<span style= "mso-tab-count:1 dotted">...............................................................................................</span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 277,875</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 258,743</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:9"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Properties under development (3)<span style= "mso-tab-count:1 dotted">.........................................................................................</span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 1,163,610</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 1,986,285</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:10"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">Land held for development (4)<span style= "mso-tab-count:1 dotted">.............................................................................................</span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2,481,216</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2,152,960</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:11"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">Land subject to ground leases and other (5)<span style= "mso-tab-count:1 dotted">......................................................................</span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 424,489</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 404,671</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:12"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Other investments (6)<span style= "mso-tab-count:1 dotted">..............................................................................................................</span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 321,397</span></u></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 652,319</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:13"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Investment before depreciation<span style= "mso-tab-count:1 dotted">............................................................................................</span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 15,706,172</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 16,578,845</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:14"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">Less accumulated depreciation<span style= "mso-tab-count:1 dotted">............................................................................................</span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 1,583,299</span></u></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 1,368,458</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:15;mso-yfti-lastrow:yes"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:12.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">Net real estate assets<span style= "mso-tab-count:1 dotted">.............................................................................................................</span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 14,122,873</span></u></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 57.1pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 15,210,387</span></u></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "text-align:justify;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt">____________</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-padding-alt:0in 4.5pt 0in 4.5pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(1)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">At December31, 2008 and 2007, we had 1,297 and 1,378 industrial operating properties consisting of 195.7million square feet and 207.3million square feet, respectively.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(2)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">At December31, 2008 and 2007, we had 34 and 32 retail operating properties consisting of 1.4million square feet and 1.3million square feet, respectively. Amounts include an office property with a cost of $7.9million at both December31, 2008 and 2007.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(3)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Properties under development consisted of 65 industrial properties aggregating 19.8million square feet at December31, 2008 and 180 properties aggregating 48.8million square feet at December31, 2007. At December31, 2008, our total expected investment upon completion of the properties under development is approximately $1.9billion, of which $1.2billion was incurred.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:6"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(4)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Land held for future development consisted of 10,134 and 9,351acres of land or land use rights at December31, 2008 and 2007, respectively.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:7"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:8"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "page-break-before:always;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">(5)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">At December31, 2008 and 2007, amount represents investments of $389.2million and $368.5million in land we own and lease to our customers under long-term ground leases and an investment of $35.3million and $36.2million in railway depots, respectively.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:9"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:10;mso-yfti-lastrow:yes"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(6)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Other investments primarily include: (i)restricted funds that are held in escrow pending the completion of tax-deferred exchange transactions involving operating properties ($9.0million and $94.5million at December31, 2008 and 2007, respectively.); (ii)earnest money deposits associated with potential acquisitions; (iii)costs incurred during the pre-acquisition due diligence process; (iv)costs incurred during the pre-construction phase related to future development projects, including purchase options on land and certain infrastructure costs; (v)cost of land use rights on operating properties in China (2007 only); and (vi)costs related to our corporate office buildings.</span></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">At December31, 2008, we owned real estate assets in North America (Canada, Mexico and the UnitedStates), Europe (Austria, Belgium, the Czech Republic, France, Germany, Hungary, Italy, the Netherlands, Poland, Romania, Slovakia, Spain, Sweden, and the United Kingdom) and Asia (Japan and South Korea). In addition, we owned assets in China that were sold in early 2009 and are classified as held for sale at December31, 2008.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">During the last three years, we completed individual and portfolio acquisitions of industrial properties, other than those discussed in Note4 and Note5, as follows (aggregated, dollars and square feet in thousands):</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="351" valign="top" style= "width:263.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 254.2pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 254.2pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="59" valign="top" style= "width:44.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 19.8pt left 39.65pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> Number of</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 19.8pt left 39.65pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%">Properties<span style="mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="64" valign="top" style= "width:48.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 21.8pt left 43.65pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> Aggregate</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 21.8pt left 43.65pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%">Square Feet<span style="mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="79" valign="top" style= "width:59.3pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 27.3pt left 54.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> Aggregate</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 27.3pt left 54.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%">Purchase Price<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="76" valign="top" style= "width:57.15pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 26.2pt left 52.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 26.2pt left 52.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%">Debt Assumed<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="351" valign="bottom" style= "width:263.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 254.2pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">2008<span style= "mso-tab-count:1 dotted">......................................................................................................</span></span></span> </p> </td> <td width="59" valign="bottom" style= "width:44.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 25.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 25</span></span> </p> </td> <td width="64" valign="bottom" style= "width:48.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal .5in; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 5,812</span></span> </p> </td> <td width="79" valign="bottom" style= "width:59.3pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 5.2pt decimal 49.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> $<span style= "mso-tab-count:1"></span> 324,029</span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.15pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 6.7pt decimal 45.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> $<span style= "mso-tab-count:1"></span> 6,599</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td width="351" valign="bottom" style= "width:263.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 254.2pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">2007<span style= "mso-tab-count:1 dotted">......................................................................................................</span></span></span> </p> </td> <td width="59" valign="bottom" style= "width:44.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 25.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 41</span></span> </p> </td> <td width="64" valign="bottom" style= "width:48.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal .5in; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 7,347</span></span> </p> </td> <td width="79" valign="bottom" style= "width:59.3pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 5.2pt decimal 49.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> $<span style= "mso-tab-count:1"></span> 351,639</span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.15pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 6.7pt decimal 45.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> $<span style= "mso-tab-count:1"></span> 27,305</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3;mso-yfti-lastrow:yes"> <td width="351" valign="bottom" style= "width:263.55pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 254.2pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">2006<span style= "mso-tab-count:1 dotted">......................................................................................................</span></span></span> </p> </td> <td width="59" valign="bottom" style= "width:44.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 25.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 74</span></span> </p> </td> <td width="64" valign="bottom" style= "width:48.35pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal .5in; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 13,529</span></span> </p> </td> <td width="79" valign="bottom" style= "width:59.3pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 5.2pt decimal 49.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> $<span style= "mso-tab-count:1"></span> 735,427</span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.15pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 6.7pt decimal 45.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> $<span style= "mso-tab-count:1"></span> 87,919</span></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">During the years ended December31, 2008, 2007 and 2006, we recognized gains of $11.7million, $146.7million and $81.5million, respectively, in Gains Recognized on Dispositions of Certain Non-CDFS Business Assets in our Consolidated Statements of Operations for properties contributed to the property funds (2 in 2008, 77 in 2007 and 39 in 2006), from our direct owned segment. In addition, we recognized previously deferred proceeds related to non-CDFS properties sold to a third party by a property fund. Due to our continuing involvement through our ownership in the property funds, these dispositions are not included in discontinued operations and the gains recognized include only the portion attributable to the third party ownership in the property funds that acquired the properties.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">During the year ended December31, 2008, we recognized impairment charges of $274.7million related to real estate properties in our direct owned segment. See Note13 for further discussion.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">We previously identified properties that were developed or acquired with the intent to contribute them to an unconsolidated property fund. Our policy is to not depreciate these properties during the period from completion or acquisition until their contribution to the property fund. In 2008, in connection with changes in our business strategy, including uncertainty as to when, or if, these properties will be contributed and our intent to hold and operate these properties for our own use, we no longer identify specific properties for contribution to property funds. As a result, we recorded a $30.9million adjustment to depreciation expense to depreciate these properties through December31, 2008.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "line-height:95%;page-break-before:always;mso-layout-grid-align: none;text-autospace:none"> <span><i><span style= "font-size:10.0pt;line-height:95%">Operating Lease Agreements</span></i></span> </p> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:7.0pt;line-height:95%"></span></span> </p> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt;line-height:95%">We lease our operating properties and certain land parcels to customers under agreements that are generally classified as operating leases. Our largest customer and 25 largest customers accounted for 1.89% and 11.84%, respectively, of our annualized collected base rents at December31, 2008. At December31, 2008, minimum lease payments on leases with lease periods greater than one year for space in our operating properties, excluding properties held for sale, and including leases of land under ground leases, during each of the years in the five-year period ending December31, 2013 and thereafter are as follows (in thousands):</span></span> </p> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:7.0pt;line-height:95%"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="559" valign="bottom" style= "width:418.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 95%;tab-stops:dotted 409.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%">2009<span style= "mso-tab-count:1 dotted">...........................................................................................................................................................................</span></span></span> </p> </td> <td width="72" valign="bottom" style= "width:53.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:0in decimal 46.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:95%">$<span style= "mso-tab-count:1"></span> 680,611</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="559" valign="bottom" style= "width:418.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 95%;tab-stops:dotted 409.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%">2010<span style= "mso-tab-count:1 dotted">...........................................................................................................................................................................</span></span></span> </p> </td> <td width="72" valign="bottom" style= "width:53.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:0in decimal 46.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:95%"><span style= "mso-tab-count:1"></span> 586,893</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td width="559" valign="bottom" style= "width:418.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 95%;tab-stops:dotted 409.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%">2011<span style= "mso-tab-count:1 dotted">...........................................................................................................................................................................</span></span></span> </p> </td> <td width="72" valign="bottom" style= "width:53.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:0in decimal 46.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:95%"><span style= "mso-tab-count:1"></span> 472,766</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td width="559" valign="bottom" style= "width:418.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 95%;tab-stops:dotted 409.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%">2012<span style= "mso-tab-count:1 dotted">...........................................................................................................................................................................</span></span></span> </p> </td> <td width="72" valign="bottom" style= "width:53.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:0in decimal 46.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:95%"><span style= "mso-tab-count:1"></span> 356,025</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td width="559" valign="bottom" style= "width:418.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 95%;tab-stops:dotted 409.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%">2013<span style= "mso-tab-count:1 dotted">...........................................................................................................................................................................</span></span></span> </p> </td> <td width="72" valign="bottom" style= "width:53.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:0in decimal 46.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:95%"><span style= "mso-tab-count:1"></span> 248,955</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td width="559" valign="bottom" style= "width:418.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 95%;tab-stops:dotted 409.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%">Thereafter<span style="mso-tab-count: 1 dotted">.................................................................................................................................................................</span></span></span> </p> </td> <td width="72" valign="bottom" style= "width:53.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:0in decimal 46.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:95%"> <span style="mso-tab-count:1"></span> 1,255,467</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:6;mso-yfti-lastrow:yes"> <td width="559" valign="top" style= "width:418.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:dotted 409.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:95%"></span></span> </p> </td> <td width="72" valign="top" style= "width:53.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:0in decimal 46.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:95%">$ 3,600,717</span></u></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:7.0pt;line-height:95%"></span></span> </p><span><span style= "font-size:10.0pt;font-family:Times New Roman,serif;mso-fareast-font-family: Times New Roman;mso-ansi-language:EN-US;mso-fareast-language:EN-US; mso-bidi-language:AR-SA">These amounts do not reflect future rental revenues from the renewal or replacement of existing leases and exclude reimbursements of operating expenses. In addition to minimum rental payments, certain customers pay reimbursements for their pro rata share of specified operating expenses, which amounted to $231.8million, $217.0million and $180.0million for the years ended December31, 2008, 2007 and 2006, respectively. These reimbursements are reflected as rental income and rental expenses in the accompanying Consolidated Statements of Operations.</span></span> <style> /*<![CDATA[*/ st1:*{behavior:url(#ieooui) } <!-- /* Font Definitions */ @font-face {font-family:"Cambria Math"; panose-1:2 4 5 3 5 4 6 3 2 4; mso-font-charset:0; mso-generic-font-family:roman; mso-font-pitch:variable; mso-font-signature:-1610611985 1107304683 0 0 159 0;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-unhide:no; mso-style-qformat:yes; mso-style-parent:""; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman","serif"; mso-fareast-font-family:"Times New Roman";} .MsoChpDefault {mso-style-type:export-only; mso-default-props:yes; font-size:10.0pt; mso-ansi-font-size:10.0pt; mso-bidi-font-size:10.0pt;} @page Section1 {size:8.5in 11.0in; margin:1.0in 1.0in 1.0in 1.0in; mso-header-margin:.5in; mso-footer-margin:.5in; mso-paper-source:0;} div.Section1 {page:Section1;} - --> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} /*]]>*/ </style> </div> <div> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <a name= "_AUC6bc303f7274642eeb4f90cbf733b4547"><b><span style="font-size:10.0pt"> 16.Related Party Transactions:</span></b></a> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p><span><span style= "font-size:10.0pt;font-family:Times New Roman,serif;mso-fareast-font-family: Times New Roman;mso-ansi-language:EN-US;mso-fareast-language:EN-US; mso-bidi-language:AR-SA">On June8, 2007, Jeffrey H. Schwartz, our former Chief Executive Officer, converted limited partnership units, in the limited partnerships in which we own a majority interest and consolidate, into 128,000 of our common shares. See Note9 for more information regarding these limited partnerships in North America. Also see Note5 for a discussion of transactions between us and the property funds.</span></span> <style> /*<![CDATA[*/ st1:*{behavior:url(#ieooui) } <!-- /* Font Definitions */ @font-face {font-family:"Cambria Math"; panose-1:2 4 5 3 5 4 6 3 2 4; mso-font-charset:0; mso-generic-font-family:roman; mso-font-pitch:variable; mso-font-signature:-1610611985 1107304683 0 0 159 0;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-unhide:no; mso-style-qformat:yes; mso-style-parent:""; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman","serif"; mso-fareast-font-family:"Times New Roman";} .MsoChpDefault {mso-style-type:export-only; mso-default-props:yes; font-size:10.0pt; mso-ansi-font-size:10.0pt; mso-bidi-font-size:10.0pt;} @page Section1 {size:8.5in 11.0in; margin:1.0in 1.0in 1.0in 1.0in; mso-header-margin:.5in; mso-footer-margin:.5in; mso-paper-source:0;} div.Section1 {page:Section1;} - --> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} /*]]>*/ </style> </div> <div> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <a name= "_AUC0bf3b111594749cf880433ee08c57ae4"><b><span style="font-size:10.0pt"> 21.Subsequent Event:</span></b></a> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">On February9, 2009, we entered into a supplemental agreement with an affiliate of GIC RE, which amended the previously announced agreement pursuant to which affiliates of GIC RE agreed to acquire our operations in China and property fund interests in Japan.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">The supplemental agreement was entered into in connection with the closing of the transaction and provides that funding of the $1.3billion aggregate purchase price will occur in two phases; $500million was received by us upon closing and the remaining $800million will be funded upon completion of year-end financial statement audits of certain entities, which we expect to provide as soon as possible, but no later than early in the second quarter. In the event that the audits reflect a material disparity from the unaudited year-end information previously furnished to GIC RE, GIC RE will have the option to unwind the entire transaction at our expense.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p><span><span style= "font-size:10.0pt;font-family:Times New Roman,serif;mso-fareast-font-family: Times New Roman;mso-ansi-language:EN-US;mso-fareast-language:EN-US; mso-bidi-language:AR-SA">In 2009, after the sale closes and we have received all the proceeds, we will recognize a gain from the sale of our investments in the Japan property funds.</span></span> <style> /*<![CDATA[*/ st1:*{behavior:url(#ieooui) } <!-- /* Font Definitions */ @font-face {font-family:"Cambria Math"; panose-1:2 4 5 3 5 4 6 3 2 4; mso-font-charset:0; mso-generic-font-family:roman; mso-font-pitch:variable; mso-font-signature:-1610611985 1107304683 0 0 159 0;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-unhide:no; mso-style-qformat:yes; mso-style-parent:""; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman","serif"; mso-fareast-font-family:"Times New Roman";} .MsoChpDefault {mso-style-type:export-only; mso-default-props:yes; font-size:10.0pt; mso-ansi-font-size:10.0pt; mso-bidi-font-size:10.0pt;} @page Section1 {size:8.5in 11.0in; margin:1.0in 1.0in 1.0in 1.0in; mso-header-margin:.5in; mso-footer-margin:.5in; mso-paper-source:0;} div.Section1 {page:Section1;} - --> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} /*]]>*/ </style> </div> <div> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <a name= "_AUC9267a642c01549fb8cb15f170f0a0b38"><b><span style="font-size:10.0pt"> 19.Business Segments:</span></b></a> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">In response to the current market conditions, we modified our business strategy during the fourth quarter of 2008. Given the current environment and the uncertainty with respect to contributing properties to the property funds in the future, as of December31, 2008, we no longer have a CDFS business segment. We made contributions and dispositions of CDFS properties through December 2008 and have reported the results of operations of this activity within this business segment. As of December31, 2008, we have transferred all of the assets from the CDFS business segment into our two remaining segments. The real estate and other assets we previously planned to contribute or develop and then contribute, we now intend to hold and use and, therefore, we have transferred to our direct owned segment. The investments we have in joint ventures have been transferred to our investment management segment. Our current segments are as follows:</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "margin-left:.2in;text-indent:-.2in;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">&#8226;<span style= "mso-tab-count:1"></span> Direct Owned (previously referred to as property operations)&#8212; representing the direct long-term ownership of industrial distribution and retail properties. Each operating property is considered to be an individual operating segment having similar economic characteristics that are combined within the reportable segment based upon geographic location. The costs of our property management function for both our direct-owned portfolio and the properties owned by unconsolidated investees and managed by us are all reported in rental expenses in the direct owned segment. Our operations in the direct owned business segment are in North America (Canada, Mexico and the United States), Europe (Austria, Belgium, the Czech Republic, France, Germany, Hungary, Italy, the Netherlands, Poland, Romania, Slovakia, Spain, Sweden and the United Kingdom) and Asia (Japan and South Korea). Also included in this segment is the development of properties for continued direct ownership in this segment. Therefore, land held for development and properties currently under development are presented as part of this segment.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "margin-left:.2in;text-indent:-.2in;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">&#8226;<span style= "mso-tab-count:1"></span> Investment Management&#8212; representing the long-term investment management of property funds and industrial and retail joint ventures and the properties they own. We recognize our proportionate share of the earnings or losses from our investments in unconsolidated property funds and joint ventures operating in North America, Europe and Asia. Along with the income recognized under the equity method, we include fees and incentives earned for services performed on behalf of the unconsolidated investees and interest income earned on advances to unconsolidated investees, if any. We utilize our leasing and property management expertise to efficiently manage the properties and our unconsolidated investees, and we report the costs as part of rental expenses in the property operations segment. Each investment in a property fund or joint venture is considered to be an individual operating segment having similar economic characteristics that are combined within the reportable segment based upon geographic location. Our operations in the investment management segment are in North America (Canada, Mexico and the United States), Europe (Belgium, the Czech Republic, France, Germany, Hungary, Italy, the Netherlands, Poland, Slovakia, Spain, Sweden, and the United Kingdom), and Asia (Japan and South Korea).</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">In addition through December31, 2008 we operated a third segment. As discussed above, due to the uncertainty with respect to contributing properties to the property funds, we no longer expect to have operations in this segment in 2009.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:8.0pt"></span></span> </p> <p class="MsoNormal" style= "margin-left:.2in;text-indent:-.2in;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">&#8226;<span style= "mso-tab-count:1"></span> CDFS business&#8212; primarily encompasses our development of real estate properties that were subsequently contributed to a property fund in which we had an ownership interest and acted as manager, or sold to third parties. Additionally, we acquired properties with the intent to rehabilitate and/or reposition the property prior to contributing to a property fund. The proceeds and related costs of these dispositions are presented as Developed and Repositioned Properties in the Consolidated Statements of Operations. In addition, we occasionally acquired a portfolio of properties with the intent of contributing the portfolio to an existing or future property fund. The proceeds and related costs of these dispositions are presented as Acquired Property Portfolios in the Consolidated Statements of Operations. During the period between the completion of development, rehabilitation or repositioning of a property and the date the property is contributed to a property fund or sold to a third party, the property and its associated rental income and rental expenses were included in the direct owned segment because the primary activity associated with the property during that period is leasing. Upon contribution or sale, the resulting gain or loss is included in the income of the CDFS business segment. Additionally, we include fees earned for development activities performed on behalf of customers or third parties and gains on the disposition of land parcels, including land subject to ground leases in the CDFS segment. The separate activities in this segment are considered to be individual operating segments having similar economic characteristics that are combined within the reportable segment based upon geographic location. Our CDFS business segment operations in 2008 were in North America (Canada, Mexico and the United States), in Europe (the Czech Republic, France, Germany, Hungary, Italy, the Netherlands, Poland, Slovakia, Spain, Sweden and the United Kingdom) and in Asia (Japan and South Korea).</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:1.0pt"></span></span> </p> <p class="MsoNormal" style= "page-break-before:always;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt">We have other operating segments that do not meet the threshold criteria to disclose as a reportable segment, primarily the management of land subject to ground leases in the United States. Each ground lease is considered to be an individual operating segment.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">As a result of the changes in our business strategy and segments, we have restated the operating results of certain items in prior years to agree to the current year segment presentation. We are including the earnings (loss) recognized from our investments in retail and industrial joint ventures that were previously reported in our CDFS business segment in the investment management segment.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">In addition, we generally present the operations and net gains associated with properties sold to third parties as discontinued operations, which results in the restatement of prior years operating results to exclude the items presented as discontinued operations. As of December31, 2008, our China operations and one property in Japan were classified as held for sale, whose operations and, in the case of our China operations an impairment charge related to the sale that occurred in February 2009, are included in discontinued operations and excluded from the segment presentation. See Note7 for detail of our discontinued operations.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Reconciliations are presented below for: (i)each reportable business segment&#8217;s revenue from external customers to our total revenues; (ii)each reportable business segment&#8217;s net operating income from external customers to our earnings before minority interest; and (iii)each reportable business segment&#8217;s assets to our total assets. Our chief operating decision makers rely primarily on net operating income and similar measures to make decisions about allocating resources and assessing segment performance. The applicable components of our revenues, earnings before minority interest and total assets are allocated to each reportable business segment&#8217;s revenues, net operating income and assets. Items that are not directly assignable to a segment, such as certain corporate income and expenses, are reflected as reconciling items. The following reconciliations are presented in thousands:</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <thead> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="408" valign="top" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 296.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="222" colspan="3" valign="top" style= "width:166.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 85.7pt left 156.8pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Years Ended December31,<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="408" valign="top" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 296.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="76" valign="top" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 22.7pt left 43.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2008<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="74" valign="top" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 22.7pt 27.7pt left 43.4pt 55.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2007<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="72" valign="top" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 22.7pt 27.7pt left 43.4pt 55.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2006<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> </thead> <tr style="mso-yfti-irow:2"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt;line-height:93%">Revenues(1):</span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt;line-height:93%">Direct Owned(2):</span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:9.0pt;line-height:93%">North America</span><span style= "mso-tab-count:1 dotted">.........................................................................................................</span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 820,045</span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 859,685</span></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 803,018</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:10.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt;line-height:93%">Europe</span><span style="mso-tab-count:1 dotted">.....................................................................................................................</span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 100,183</span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 114,218</span></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 35,619</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:6"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt;line-height:93%">Asia</span><span style="mso-tab-count:1 dotted">.........................................................................................................................</span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 33,638</span></u></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 35,270</span></u></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 26,508</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:7"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:11.8pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:9.0pt;line-height:93%">Total direct owned segment<span style= "mso-tab-count:1 dotted">....................................................................................</span></span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 953,866</span></u></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 1,009,173</span></u></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 865,145</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:8"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt;line-height:93%">Investment management(3):</span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:9"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:9.0pt;line-height:93%">North America</span><span style= "mso-tab-count:1 dotted">.........................................................................................................</span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 68,994</span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 65,603</span></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 158,528</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:10"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:10.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt;line-height:93%">Europe</span><span style="mso-tab-count:1 dotted">.....................................................................................................................</span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (41,884)</span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 100,164</span></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 168,227</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:11"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt;line-height:93%">Asia</span><span style="mso-tab-count:1 dotted">.........................................................................................................................</span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 39,331</span></u></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 30,184</span></u></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 20,225</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:12"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:11.8pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:9.0pt;line-height:93%">Total investment management segment<span style= "mso-tab-count:1 dotted">...................................................................</span></span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 66,441</span></u></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 195,951</span></u></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 346,980</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:13"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:9.0pt;line-height:93%">CDFS business(4):</span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:14"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:9.0pt;line-height:93%">North America</span><span style= "mso-tab-count:1 dotted">.........................................................................................................</span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 1,045,705</span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2,885,906</span></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 508,185</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:15"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:10.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt;line-height:93%">Europe</span><span style="mso-tab-count:1 dotted">.....................................................................................................................</span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2,623,313</span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 1,498,821</span></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 450,154</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:16"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt;line-height:93%">Asia</span><span style="mso-tab-count:1 dotted">.........................................................................................................................</span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 853,025</span></u></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 655,074</span></u></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 382,675</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:17"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:11.8pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:9.0pt;line-height:93%">Total CDFS business segment<span style= "mso-tab-count:1 dotted">...............................................................................</span></span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 4,522,043</span></u></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 5,039,801</span></u></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 1,341,014</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:18"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:14.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:9.0pt;line-height:93%">Total segment revenue<span style= "mso-tab-count:1 dotted">...........................................................................................</span></span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 5,542,350</span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 6,244,925</span></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2,553,139</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:19"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt;line-height:93%">Other&#8212; North America<span style= "mso-tab-count:1 dotted">...........................................................................................</span></span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 48,627</span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 43,046</span></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 36,809</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:20"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt;line-height:93%">Reconciling items(5)<span style= "mso-tab-count:1 dotted">................................................................................................</span></span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 63,849</span></u></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> (99,299</span></u></span><span><span style= "font-size:9.0pt;line-height:93%">)</span></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> (151,781</span></u></span><span><span style= "font-size:9.0pt;line-height:93%">)</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:21"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:14.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:9.0pt;line-height:93%">Total revenues<span style= "mso-tab-count: 1 dotted">.......................................................................................................</span></span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:9.0pt;line-height:93%">$ 5,654,826</span></u></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:9.0pt;line-height:93%">$ 6,188,672</span></u></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:9.0pt;line-height:93%">$ 2,438,167</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:22"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:9.0pt;line-height:93%">Net operating income:</span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:23"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt;line-height:93%">Direct owned(6):</span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:24"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:9.0pt;line-height:93%">North America</span><span style= "mso-tab-count:1 dotted">.........................................................................................................</span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 570,580</span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 636,752</span></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 600,259</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:25"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:10.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt;line-height:93%">Europe</span><span style="mso-tab-count:1 dotted">.....................................................................................................................</span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 46,570</span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 74,950</span></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 18,865</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:26"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt;line-height:93%">Asia</span><span style="mso-tab-count:1 dotted">.........................................................................................................................</span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 24,595</span></u></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 27,869</span></u></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 24,241</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:27"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:11.8pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:9.0pt;line-height:93%">Total direct owned segment<span style= "mso-tab-count:1 dotted">....................................................................................</span></span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 641,745</span></u></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 739,571</span></u></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 643,365</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:28"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt;line-height:93%">Investment management(3):</span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:29"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:9.0pt;line-height:93%">North America</span><span style= "mso-tab-count:1 dotted">.........................................................................................................</span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 68,994</span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 65,603</span></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 158,528</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:30"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:10.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt;line-height:93%">Europe</span><span style="mso-tab-count:1 dotted">.....................................................................................................................</span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (41,884)</span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 100,164</span></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 168,227</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:31"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt;line-height:93%">Asia</span><span style="mso-tab-count:1 dotted">.........................................................................................................................</span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 39,331</span></u></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 30,184</span></u></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 20,225</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:32"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:11.8pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:9.0pt;line-height:93%">Total investment management segment<span style= "mso-tab-count:1 dotted">...................................................................</span></span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 66,441</span></u></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 195,951</span></u></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 346,980</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:33"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;page-break-before:always;tab-stops:dotted 296.55pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:9.0pt;line-height:93%">CDFS business(7):</span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:34"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:9.0pt;line-height:93%">North America</span><span style= "mso-tab-count:1 dotted">.........................................................................................................</span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 122,828</span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 255,869</span></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 135,703</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:35"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:10.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt;line-height:93%">Europe</span><span style="mso-tab-count:1 dotted">.....................................................................................................................</span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 311,008</span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 288,924</span></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 107,079</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:36"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt;line-height:93%">Asia</span><span style="mso-tab-count:1 dotted">.........................................................................................................................</span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 224,043</span></u></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 241,388</span></u></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 91,752</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:37"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:11.8pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:9.0pt;line-height:93%">Total CDFS business segment<span style= "mso-tab-count:1 dotted">...............................................................................</span></span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 657,879</span></u></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 786,181</span></u></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 334,534</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:38"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:14.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:9.0pt;line-height:93%">Total segment net operating income<span style= "mso-tab-count:1 dotted">.......................................................................</span></span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 1,366,065</span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 1,721,703</span></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 1,324,879</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:39"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt;line-height:93%">Other&#8212; North America<span style= "mso-tab-count:1 dotted">...........................................................................................</span></span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 35,699</span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 28,227</span></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 22,535</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:40"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt;line-height:93%">Reconciling items:</span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:41"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:10.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt;line-height:93%">Earnings from other unconsolidated investees<span style= "mso-tab-count:1 dotted">........................................................</span></span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 8,796</span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 7,794</span></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 5,752</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:42"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:10.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt;line-height:93%">General and administrative expenses<span style= "mso-tab-count:1 dotted">.......................................................................</span></span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (204,300)</span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (193,204)</span></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (147,193)</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:43"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:10.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt;line-height:93%">Reduction in workforce<span style= "mso-tab-count:1 dotted">...........................................................................................</span></span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (23,131)</span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:44"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt;line-height:93%">Impairment of real estate properties(8)<span style= "mso-tab-count:1 dotted">...................................................................</span></span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (274,705)</span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (12,600)</span></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:45"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt;line-height:93%">Depreciation and amortization expense<span style= "mso-tab-count:1 dotted">....................................................................</span></span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (339,491)</span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (302,413)</span></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (283,306)</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:46"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt;line-height:93%">Impairment of goodwill and other assets(9)<span style= "mso-tab-count:1 dotted">...........................................................</span></span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (320,636)</span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:47"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:10.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:9.0pt;line-height:93%">Gain on early extinguishment of debt<span style= "mso-tab-count:1 dotted">......................................................................</span></span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 90,719</span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:48"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:9.0pt;line-height:93%">Other expenses<span style= "mso-tab-count: 1 dotted">........................................................................................................</span></span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (459)</span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (443)</span></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (459)</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:49"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt;line-height:93%">Interest expense<span style= "mso-tab-count:1 dotted">.......................................................................................................</span></span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (341,305)</span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (368,512)</span></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> (295,629)</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:50"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:9.0pt;line-height:93%">Interest and other income, net<span style= "mso-tab-count:1 dotted">..................................................................................</span></span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 15,801</span></u></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 24,062</span></u></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 17,895</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:51"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:11.8pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:9.0pt;line-height:93%">Total reconciling items<span style= "mso-tab-count:1 dotted">............................................................................................</span></span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> (1,388,711</span></u></span><span><span style= "font-size:9.0pt;line-height:93%">)</span></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> (845,316</span></u></span><span><span style= "font-size:9.0pt;line-height:93%">)</span></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:9.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> (702,940</span></u></span><span><span style= "font-size:9.0pt;line-height:93%">)</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:52;mso-yfti-lastrow:yes"> <td width="408" valign="bottom" style= "width:305.9pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:14.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 296.55pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:9.0pt;line-height:93%">Total earnings before minority interest<span style= "mso-tab-count:1 dotted">..................................................................</span></span></span> </p> </td> <td width="76" valign="bottom" style= "width:57.0pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:9.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 13,053</span></u></span> </p> </td> <td width="74" valign="bottom" style= "width:55.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:9.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 904,614</span></u></span> </p> </td> <td width="72" valign="bottom" style= "width:.75in;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 42.95pt 51.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:9.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 644,474</span></u></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="465" valign="top" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 339.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="165" colspan="2" valign="top" style= "width:123.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 59.45pt left 118.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> December31,<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="465" valign="top" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 339.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="82" valign="top" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 23.5pt left 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2008<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="82" valign="top" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 23.5pt left 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2007<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Assets (10):</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Direct owned:</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">North America</span> <span style= "font-size:10.0pt;line-height:93%">(9)<span style= "mso-tab-count:1 dotted">....................................................................................................................</span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 8,784,687</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 7,971,582</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Europe</span><span style="font-size:10.0pt;line-height:93%">(9)<span style="mso-tab-count:1 dotted">..................................................................................................................................</span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 3,993,223</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 1,900,327</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:6"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Asia</span><span style="mso-tab-count:1 dotted">............................................................................................................................................</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 1,740,509</span></u></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 940,827</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:7"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total direct owned segment<span style= "mso-tab-count:1 dotted">..................................................................................................</span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 14,518,419</span></u></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 10,812,736</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:8"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Investment management (11):</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:9"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">North America</span><span style= "mso-tab-count:1 dotted">..........................................................................................................................</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 1,004,811</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 818,025</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:10"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Europe</span> <span style= "font-size:10.0pt;line-height:93%">(9)<span style= "mso-tab-count:1 dotted">.................................................................................................................................</span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 803,235</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 653,076</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:11"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Asia</span><span style="mso-tab-count:1 dotted">............................................................................................................................................</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 382,014</span></u></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 284,012</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:12"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total investment management segment<span style= "mso-tab-count:1 dotted">............................................................................</span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 2,190,060</span></u></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 1,755,113</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:13"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">CDFS business (12):</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:14"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">North America</span><span style= "mso-tab-count:1 dotted">..........................................................................................................................</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 1,596,659</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:15"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Europe</span> <span style= "font-size:10.0pt;line-height:93%">(9)<span style= "mso-tab-count:1 dotted">.................................................................................................................................</span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2,996,415</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:16"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Asia</span><span style="mso-tab-count:1 dotted">............................................................................................................................................</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> &#8212;</span></u></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 1,184,276</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:17"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total CDFS business segment<span style= "mso-tab-count:1 dotted">..............................................................................................</span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> &#8212;</span></u></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 5,777,350</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:18"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:11.8pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total segment assets<span style= "mso-tab-count:1 dotted">.............................................................................................................</span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 16,708,479</span></u></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 18,345,199</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:19"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Other&#8212; North America<span style= "mso-tab-count:1 dotted">.........................................................................................................</span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 760,644</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 636,073</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:20"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Reconciling items:</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:21"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Investments in and advances to other unconsolidated investees<span style= "mso-tab-count:1 dotted">..................................</span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 105,219</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 106,683</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:22"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">Cash and cash equivalents<span style= "mso-tab-count:1 dotted">....................................................................................................</span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 174,636</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 399,910</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:23"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Accounts and notes receivable<span style= "mso-tab-count:1 dotted">.............................................................................................</span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2,253</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 17,290</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:24"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Other assets<span style= "mso-tab-count: 1 dotted">...............................................................................................................................</span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 190,231</span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 199,272</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:25"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Discontinued operations&#8212; assets held for sale<span style= "mso-tab-count:1 dotted">.................................................................</span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 1,310,754</span></u></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 19,607</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:26"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total reconciling items<span style= "mso-tab-count:1 dotted">...........................................................................................................</span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 1,783,093</span></u></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 742,762</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:27;mso-yfti-lastrow:yes"> <td width="465" valign="bottom" style= "width:349.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:11.8pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 339.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total assets<span style= "mso-tab-count: 1 dotted">.............................................................................................................................</span></span></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$ 19,252,216</span></u></span> </p> </td> <td width="82" valign="bottom" style= "width:61.8pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 50.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$ 19,724,034</span></u></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "text-align:justify;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt">____________</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-padding-alt:0in 4.5pt 0in 4.5pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(1)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Includes revenues attributable to the United States for the years ended December31, 2008, 2007 and 2006 of $1,698.4million, $3,571.9million and $1,419.0million, respectively.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(2)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Includes rental income of our distribution and retail properties.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:95%;page-break-before:always; tab-stops:dotted 130.15pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%">(3)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%">Includes investment management fees and incentive returns and our share of the earnings or losses recognized under the equity method from our investments in unconsolidated property funds and certain industrial and retail joint ventures along with interest earned on advances to these unconsolidated investees. In 2008, the net operating income of this segment was reduced by $108.2million representing our proportionate share of the loss on sale/impairment recognized by one of the property funds in Europe. See Note5 for more information.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:3.0pt; line-height:95%"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:3.0pt;line-height:95%"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:6"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:95%">(4)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%">Includes proceeds received on CDFS property dispositions, fees earned from customers and third parties for development activities and interest income on notes receivable related to asset dispositions.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:7"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:3.0pt; line-height:95%"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:3.0pt;line-height:95%"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:8"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:95%">(5)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%">Amount represents the earnings or losses recognized under the equity method from our investments in unconsolidated investees that are reflected in the revenues of the investment management segment and interest income on notes receivable related to asset dispositions that are reflected in revenues of the CDFS business segment. These items are not presented as a component of revenues in our Consolidated Statements of Operations.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:9"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:3.0pt; line-height:95%"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:3.0pt;line-height:95%"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:10"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:95%">(6)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%">Includes rental income less rental expenses of our distribution and retail properties. Included in rental expenses are the costs of managing the properties owned by the property funds and joint ventures.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:11"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:3.0pt; line-height:95%"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:3.0pt;line-height:95%"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:12"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:95%">(7)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%">Includes net gains on CDFS property dispositions, fees earned from customers and third parties for development activities and interest income on notes receivable related to asset dispositions, offset partially by land holding costs and the write-off of previously capitalized pursuit costs associated with potential CDFS business assets when it becomes likely the assets will not be acquired.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:13"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:3.0pt; line-height:95%"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:3.0pt;line-height:95%"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:14"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:95%">(8)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%">During 2008, we recognized certain impairment charges on our real estate properties in our Direct Owned segment ($21.0million in North America and $253.7million in Europe). See Note13 for more discussion of these charges.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:15"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:3.0pt; line-height:95%"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:3.0pt;line-height:95%"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:16"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:95%">(9)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%">During 2008, in connection with the changes in our business strategy, we transferred the investment and development activities previously included in the CDFS business segment, along with the related assets, to the direct owned and investment management segments (Europe reporting unit). The related goodwill was transferred to the respective segments based on the relative fair value of the assets transferred. In connection with our review of goodwill for recoverability in the fourth quarter of 2008, we recognized an impairment charge of $175.4million related to goodwill in the direct owned segment in Europe. The goodwill balance attributable to a segment as of December 31 2008, subsequent to impairment and reallocation, was $388.0million, of which $362.7million was attributable to the direct owned segment ($235.4million in North America and $127.3million in Europe) and $25.3million was attributable to the investment management segment in Europe. The goodwill balance attributable to a segment at December31, 2007 was $523.2million, $177.4million was attributable to the direct owned segment in North America and $345.8million was attributable to the CDFS business segment in Europe. In both periods, $7.6million was not attributable to a segment. See Note13 for additional information.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:17"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:3.0pt; line-height:95%"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:3.0pt;line-height:95%"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:18"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:95%">(10)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%">Includes long-lived assets attributable to the United States as of December31, 2008 and 2007 of $9.5billion and $9.2billion, respectively.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:19"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:3.0pt; line-height:95%"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:3.0pt;line-height:95%"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:20"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:95%">(11)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:95%">Represents our investments in and advances to the property funds and certain investments in industrial and retail joint ventures.</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:21"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:3.0pt; line-height:95%"></span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:3.0pt;line-height:95%"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:22;mso-yfti-lastrow:yes"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:95%;tab-stops:dotted 130.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:95%">(12)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "line-height:95%;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt;line-height:95%">As discussed earlier, the assets from the CDFS business segment were transferred to our two existing segments at December31, 2008.</span></span> </p> </td> </tr> </table> <style> /*<![CDATA[*/ st1:*{behavior:url(#ieooui) } <!-- /* Font Definitions */ @font-face {font-family:"Cambria Math"; panose-1:2 4 5 3 5 4 6 3 2 4; mso-font-charset:0; mso-generic-font-family:roman; mso-font-pitch:variable; mso-font-signature:-1610611985 1107304683 0 0 159 0;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-unhide:no; mso-style-qformat:yes; mso-style-parent:""; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman","serif"; mso-fareast-font-family:"Times New Roman";} .MsoChpDefault {mso-style-type:export-only; mso-default-props:yes; font-size:10.0pt; mso-ansi-font-size:10.0pt; mso-bidi-font-size:10.0pt;} @page Section1 {size:8.5in 11.0in; margin:1.0in 1.0in 1.0in 1.0in; mso-header-margin:.5in; mso-footer-margin:.5in; mso-paper-source:0;} div.Section1 {page:Section1;} - --> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} /*]]>*/ </style> </div> <div> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <a name= "_AUCa79dc26ad8d04a69825da67e60711d88"><b><span style="font-size:10.0pt"> 2.Summary of Significant Accounting Policies:</span></b></a> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><b><i><span style="font-size:10.0pt">Basis of Presentation and Consolidation.</span></i></b></span><span><span style= "font-size:10.0pt">The accompanying consolidated financial statements are presented in our reporting currency, the U.S.dollar. All material intercompany transactions with consolidated entities have been eliminated.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">We consolidate all entities that are wholly owned and those in which we own less than 100% but control, as well as any variable interest entities in which we are the primary beneficiary. We evaluate our ability to control an entity and whether the entity is a variable interest entity and we are the primary beneficiary through the consideration of the following factors:</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="597" style= "width:447.6pt;margin-left:26.25pt;border-collapse:collapse;mso-padding-alt: 0in 4.5pt 0in 4.5pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(i)</span></span> </p> </td> <td width="562" valign="top" style= "width:421.35pt;padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">the form of our ownership interest and legal structure;</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:8.0pt"></span></span> </p> </td> <td width="562" valign="top" style= "width:421.35pt;padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:8.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(ii)</span></span> </p> </td> <td width="562" valign="top" style= "width:421.35pt;padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">our representation on the entity&#8217;s governing body;</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:8.0pt"></span></span> </p> </td> <td width="562" valign="top" style= "width:421.35pt;padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:8.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(iii)</span></span> </p> </td> <td width="562" valign="top" style= "width:421.35pt;padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">the size of our investment (including loans);</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:8.0pt"></span></span> </p> </td> <td width="562" valign="top" style= "width:421.35pt;padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:8.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:6"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(iv)</span></span> </p> </td> <td width="562" valign="top" style= "width:421.35pt;padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">estimates of future cash flows;</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:7"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:8.0pt"></span></span> </p> </td> <td width="562" valign="top" style= "width:421.35pt;padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:8.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:8"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(v)</span></span> </p> </td> <td width="562" valign="top" style= "width:421.35pt;padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">our ability to participate in policy making decisions, including but not limited to, the acquisition or disposition of investment properties and the incurrence or refinancing of debt;</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:9"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:8.0pt"></span></span> </p> </td> <td width="562" valign="top" style= "width:421.35pt;padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:8.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:10"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(vi)</span></span> </p> </td> <td width="562" valign="top" style= "width:421.35pt;padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">the rights of other investors to participate in the decision making process;and</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:11"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:8.0pt"></span></span> </p> </td> <td width="562" valign="top" style= "width:421.35pt;padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:8.0pt"></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:12;mso-yfti-lastrow:yes"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(vii)</span></span> </p> </td> <td width="562" valign="top" style= "width:421.35pt;padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">the ability for other partners or owners to replace us as manager and/or liquidate the venture, if applicable.</span></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><b><i><span style="font-size:10.0pt">Use of Estimates.</span></i></b></span><span><span style= "font-size:10.0pt">The accompanying consolidated financial statements are prepared in accordance with U.S.generally accepted accounting principles (&#8220;GAAP&#8221;). GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities as of the date of the financial statements and revenue and expenses during the reporting period. Although we believe the assumptions and estimates we made are reasonable and appropriate, as discussed in the applicable sections throughout these Consolidated Financial Statements, different assumptions and estimates could materially impact our reported results. The current economic environment has increased the degree of uncertainty inherent in these estimates and assumptions and changes in market conditions could impact our future operating results.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><b><i><span style="font-size:10.0pt">Foreign Operations.</span></i></b></span><span><span style= "font-size:10.0pt">The U.S.dollar is the functional currency for our consolidated subsidiaries and unconsolidated investees operating in the United States and Mexico and certain of our consolidated subsidiaries that operate as holding companies for foreign investments. The functional currency for our consolidated subsidiaries and unconsolidated investees operating in countries other than the United States and Mexico is the principal currency in which the entity&#8217;s assets, liabilities, income and expenses are denominated, which may be different from the local currency of the country of incorporation or the country where the entity conducts its operations. The functional currencies of our consolidated subsidiaries and unconsolidated investees generally include the British pound sterling, Canadian dollar, Chinese renminbi, euro, Japanese yen and Korean won. We are parties to business transactions denominated in these and other currencies.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">For our consolidated subsidiaries whose functional currency is not the U.S.dollar, we translate their financial statements into U.S.dollars at the time we consolidate those subsidiaries&#8217; financial statements. Generally, assets and liabilities are translated at the exchange rate in effect as of the balance sheet date. Certain balance sheet items, primarily equity-related accounts, are reflected at the historical exchange rate. Income statement accounts are translated using the average exchange rate for the period and income statement accounts that represent significant non-recurring transactions are translated at the rate in effect as of the date of the transaction. We translate our share of the net earnings or losses of our unconsolidated investees whose functional currency is not the U.S.dollar at the average exchange rate for the period. The resulting translation adjustments are included in the Accumulated Other Comprehensive Income (Loss) in Shareholders&#8217; Equity.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">We and certain of our consolidated subsidiaries have intercompany and third party debt that is not denominated in the entity&#8217;s functional currency. When the debt is remeasured against the functional currency of the entity, a gain or loss can result. The resulting adjustment is generally reflected in results of operations unless it is intercompany debt that is deemed to be long-term in nature. The remeasurement of such long-term debt results in the recognition of a cumulative translation adjustment in Accumulated Other Comprehensive Income (Loss) in Shareholders&#8217; Equity.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Gains or losses are included in results of operations when transactions with a third party, denominated in a currency other than the entity&#8217;s functional currency, are settled. We occasionally utilize derivative financial instruments to manage certain foreign currency exchange risks.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">We are subject to foreign currency risk due to potential fluctuations in exchange rates between certain foreign currencies and the U.S.dollar. A significant change in the value of the foreign currency of one or more countries where we have a significant investment would have an effect on our reported results of operations and financial position. Although we attempt to mitigate adverse effects by borrowing under debt agreements denominated in foreign currencies and, on occasion and when deemed appropriate, through the use of derivative contracts, there can be no assurance that those attempts to mitigate foreign currency risk will be successful. See our policy footnote on financial instruments and Note17 for more information related to our derivative financial instruments.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><b><i><span style="font-size:10.0pt">Business Combinations.</span></i></b></span><span><span style= "font-size:10.0pt">When we acquire a business or individual properties, with the intention to hold the investment for the long term<i>,</i> we allocate the purchase price to the various components of the acquisition based upon the fair value of each component. We estimate:</span></span> </p> <p class="MsoNormal" style= "margin-left:.2in;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "margin-left:.4in;text-indent:-.2in;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">&#8226;<span style= "mso-tab-count:1"></span> the fair value of the buildings on an as-if-vacant basis. The fair value allocated to land is generally based on relevant market data;</span></span> </p> <p class="MsoNormal" style= "margin-left:.2in;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "margin-left:.4in;text-indent:-.2in;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">&#8226;<span style= "mso-tab-count:1"></span> the market value of above and below market leases based upon our best estimate of current market rents. The value of each lease is recorded in either other assets or other liabilities, as appropriate;</span></span> </p> <p class="MsoNormal" style= "margin-left:.2in;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "margin-left:.4in;text-indent:-.2in;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">&#8226;<span style= "mso-tab-count:1"></span> the value of costs to obtain tenants, primarily leasing commissions. These costs are recorded in other assets;</span></span> </p> <p class="MsoNormal" style= "margin-left:.2in;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "margin-left:.4in;text-indent:-.2in;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">&#8226;<span style= "mso-tab-count:1"></span> the value of debt based on quoted market rates for the same or similar issues, or by discounting future cash flows using rates currently available for debt with similar terms and maturities. Any discount or premium is included in the principal amount;</span></span> </p> <p class="MsoNormal" style= "margin-left:.2in;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "margin-left:.4in;text-indent:-.2in;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">&#8226;<span style= "mso-tab-count:1"></span> the value of any management contracts by discounting future expected cash flows under these contracts;and</span></span> </p> <p class="MsoNormal" style= "margin-left:.2in;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "margin-left:.4in;text-indent:-.2in;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">&#8226;<span style= "mso-tab-count:1"></span> the value of all other assumed assets and liabilities based on the best information available.</span></span> </p> <p class="MsoNormal" style= "margin-left:.2in;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "margin-left:.2in;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt">We amortize the acquired assets or liabilities as follows:</span></span> </p> <p class="MsoNormal" style= "margin-left:.2in;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "margin-left:.4in;text-indent:-.2in;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">&#8226;<span style= "mso-tab-count:1"></span> Above and below market leases are charged to rental income over the average remaining estimated life of the lease.</span></span> </p> <p class="MsoNormal" style= "margin-left:.2in;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "margin-left:.4in;text-indent:-.2in;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">&#8226;<span style= "mso-tab-count:1"></span> Leasing commissions are charged to amortization expense over the average remaining estimated life of the lease.</span></span> </p> <p class="MsoNormal" style= "margin-left:.2in;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "margin-left:.4in;text-indent:-.2in;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">&#8226;<span style= "mso-tab-count:1"></span> Debt discount or premium is charged to interest expense using the effective interest method over the remaining term of the related debt.</span></span> </p> <p class="MsoNormal" style= "margin-left:.2in;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "margin-left:.4in;text-indent:-.2in;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">&#8226;<span style= "mso-tab-count:1"></span> Management contracts are charged against income over the remaining term of the contract.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Goodwill represents the excess of the purchase price over the fair value of net tangible and intangible assets acquired in a business combination. See the discussion below for the change in accounting for business combinations that is effective as of January1, 2009.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><b><i><span style="font-size:10.0pt">Long-Lived Assets</span></i></b></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><i><span style="font-size:10.0pt">Real Estate Assets.</span></i></span><span><span style= "font-size:10.0pt">Real estate assets are carried at depreciated cost. Costs incurred that are directly associated with the successful acquisition of real estate assets are capitalized as part of the investment basis of the real estate assets. Costs that are associated with unsuccessful acquisition efforts are expensed at the time the acquisition is abandoned. Costs incurred in developing, renovating, rehabilitating and improving real estate assets are capitalized as part of the investment basis of the real estate assets. Costs incurred in making repairs and maintaining real estate assets are expensed as incurred.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">During the land development and construction periods of qualifying projects, we capitalize interest costs, insurance, real estate taxes and general and administrative costs of the personnel performing the development, renovation, rehabilitation and leasing activities; if such costs are incremental and identifiable to a specific activity. Capitalized costs are included in the investment basis of real estate assets except for the costs capitalized related to leasing activities, which are included in other assets. When a municipal district finances costs we incur for public infrastructure improvements, we record the costs in real estate until we are reimbursed.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">The depreciable portions of real estate assets are charged to depreciation expense on a straight-line basis over their respective estimated useful lives. We generally use the following useful lives: seven years for capital improvements, 10years for standard tenant improvements, 30years for industrial properties acquired, 40years for office and retail properties acquired and 40years for properties we develop. Capitalized leasing costs are amortized over the respective lease term. Our average lease term for all leases in effect at December31, 2008 was between six and seven years. Previously, if we developed properties with the intent to contribute the property to a property fund, we did not depreciate these properties during the period from the completion of the development through the date the property was contributed. With the changes in our business strategy, and the uncertainty with respect to the timing of future contributions to the property funds, we may hold these properties long-term and have begun to depreciate them.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoBodyText"> <span>In accordance with Statement of Financial Accounting Standards (&#8220;SFAS&#8221;) 144 &#8220;Accounting for the Impairment or Disposal of Long-Lived Assets&#8221; (&#8220;SFAS144&#8221;), we assess the carrying values of our respective long-lived assets, whenever events or changes in circumstances indicate that the carrying amounts of these assets may not be fully recoverable. Recoverability of the assets is measured by comparison of the carrying amount of the asset to the estimated future undiscounted cash flows. In order to review our assets for recoverability, we consider current market conditions, as well as our intent with respect to holding or disposing of the asset. Fair value is determined through various valuation techniques; including discounted cash flow models, quoted market values and third party appraisals, where considered necessary. If our analysis indicates that the carrying value of the long-lived asset is not recoverable on an undiscounted cash flow basis, we recognize an impairment charge for the amount by which the carrying value exceeds the current estimated fair value of the real estate property.</span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:8.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">We estimate the future undiscounted cash flows based on management&#8217;s intent as follows: (i)for real estate properties that we intend to hold long-term, including land held for development, properties currently under development and operating buildings, recoverability is assessed based on the estimated future net rental income from operating the property; (ii)for real estate properties that we intend to sell, including land parcels, properties currently under development and operating buildings, recoverability is assessed based on estimated proceeds from disposition that are estimated based on future net rental income of the property and expected market capitalization rates; and (iii)for costs incurred related to the potential acquisition or development of a real estate property, recoverability is assessed based on the probability that the acquisition or development is likely to occur as of the measurement date.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:8.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">The use of projected future cash flows is based on assumptions that are consistent with our estimates of future expectations and the strategic plan we use to manage our underlying business. However assumptions and estimates about future cash flows, discount rates and capitalization rates are complex and subjective. Changes in economic and operating conditions and our ultimate investment intent that occur subsequent to our impairment analyses could impact these assumptions and result in future impairment charges of our real estate properties.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:8.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><i><span style= "font-size:10.0pt">Goodwill.</span></i></span><span><span style="font-size:10.0pt">Goodwill represents the excess of the purchase price over the fair value of net tangible and intangible assets acquired in a business combination. In accordance with SFAS142 &#8220;Goodwill and other Intangible Assets&#8221; (&#8220;SFAS142&#8221;), we perform an annual impairment test for goodwill at the reporting unit level. The annual review is performed during the third quarter for the reporting units in our CDFS business segment and during the fourth quarter for the reporting units in our direct owned and investment management segments. Additionally, we will evaluate the recoverability of goodwill whenever events or changes in circumstances indicate that the carrying amounts of goodwill may not be fully recoverable.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:8.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Generally, we use a net asset value analyses to estimate the fair value of the reporting unit where the goodwill is allocated. We estimate the current fair value of the assets and liabilities in the reporting unit through various valuation techniques; including discounted cash flow models, applying a capitalization rate to estimated net operating income of a property, quoted market values and third-party appraisals, as considered necessary. The fair value of the reporting unit also includes an enterprise value that we estimate a third party would be willing to pay for the particular reporting unit. The fair value of the reporting unit is then compared with the corresponding book value, including goodwill, to determine whether there is a potential impairment of the goodwill. If the carrying amount of the reporting unit goodwill exceeds the implied fair value of that goodwill, an impairment loss shall be recognized in an amount equal to that excess.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:8.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">The use of projected future cash flows is based on assumptions that are consistent with our estimates of future expectations and the strategic plan we use to manage our underlying business. However assumptions and estimates about future cash flows, discount rates and capitalization rates are complex and subjective. Changes in economic and operating conditions that occur subsequent to our impairment analyses could impact these assumptions and result in future impairment charges of our goodwill.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:8.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><i><span style="font-size:10.0pt">Assets Held for Sale and Discontinued Operations.</span></i></span><span><span style= "font-size:10.0pt">Discontinued operations represent a component of an entity that has either been disposed of or is classified as held for sale if both the operations and cash flows of the component have been or will be eliminated from ongoing operations of the entity as a result of the disposal transaction and the entity will not have any significant continuing involvement in the operations of the component after the disposal transaction. The results of operations of a component of our business or properties that have been classified as discontinued operations are also reported as discontinued operations for all periods presented. We classify a component of our business or property as held for sale when certain criteria are met. At such time, the respective assets and liabilities are presented separately on our Consolidated Balance Sheets and depreciation is no longer recognized. Assets held for sale are reported at the lower of their carrying amount or their estimated fair value less the estimated costs to sell the assets.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:1.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Properties disposed of to third parties are considered discontinued operations unless such properties were developed under a pre-sale agreement. Properties contributed to property funds in which we maintain an ownership interest and act as manager are not considered discontinued operations due to our continuing involvement with the properties. The contribution of properties to the property funds is reflected in our Consolidated Statements of Operations based on the nature of the properties contributed, either CDFS or non-CDFS.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><b><i><span style="font-size:10.0pt">Investments in Unconsolidated Investees.</span></i></b></span><span><span style= "font-size:10.0pt">Our investments in certain entities are presented under the equity method. The equity method is used when we have the ability to exercise significant influence over operating and financial policies of the investee but do not have control of the investee. Under the equity method, these investments (including advances to the investee) are initially recognized in the balance sheet at our cost and are subsequently adjusted to reflect our proportionate share of net earnings or losses of the investee, distributions received, deferred gains from the contribution of properties and certain other adjustments, as appropriate. When circumstances indicate there may have been a loss in value of an equity investment, we evaluate the investment for impairment by estimating our ability to recover our investment from future expected cash flows. If we determine the loss in value is other than temporary, we recognize an impairment charge to reflect the investment at fair value.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><b><i><span style="font-size:10.0pt">Cash and Cash Equivalents.</span></i></b></span><span><span style= "font-size:10.0pt">We consider all cash on hand, demand deposits with financial institutions and short-term, highly liquid investments with original maturities of three months or less to be cash equivalents. Our cash and cash equivalents are financial instruments that are exposed to concentrations of credit risk. We invest our cash with high-credit quality institutions. Cash balances may be invested in money market accounts that are not insured. We have not realized any losses in such cash investments or accounts and believe that we are not exposed to any significant credit risk.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><b><i><span style="font-size:10.0pt">Minority Interest.</span></i></b></span><span><span style= "font-size:10.0pt">We recognize the minority interests in real estate partnerships in which we consolidate at each minority holder&#8217;s respective share of the estimated fair value of the real estate as of the date of formation. Minority interest that was created or assumed as a part of a business combination is recognized at the underlying book value as of the date of the transaction. Minority interest is subsequently adjusted for additional contributions, distributions to minority holders and the minority holders&#8217; proportionate share of the net earnings or losses of each respective entity. See the discussion below for the change in accounting for minority interests that is effective as of January1, 2009.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Certain limited partnership interests issued by us in connection with the formation of a real estate partnership and as consideration in a business combination are exchangeable into our common shares. Common shares issued upon exchange of a holder&#8217;s minority interest are accounted for at our carrying value of the surrendered minority interest.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><b><i><span style="font-size:10.0pt">Costs of Raising Capital.</span></i></b></span><span><span style= "font-size:10.0pt">Costs incurred in connection with the issuance of both common shares and preferred shares are treated as a reduction to additional paid-in capital. Costs incurred in connection with the issuance or renewal of debt are capitalized in other assets, and amortized to interest expense over the term of the related debt.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><b><i><span style="font-size:10.0pt">Revenue Recognition.</span></i></b></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><i><span style="font-size:10.0pt">Rental and other income.</span></i></span><span><span style= "font-size:10.0pt">We lease our operating properties to customers under agreements that are classified as operating leases. We recognize the total minimum lease payments provided for under the leases on a straight-line basis over the lease term. Generally, under the terms of our leases, some or all of our rental expenses are recovered from our customers. We reflect amounts recovered from customers as a component of rental income. A provision for possible loss is made if the collection of a receivable balance is considered doubtful. Some of our retail and ground leases provide for additional rent based on sales over a stated base amount during the lease year. We recognize this additional rent when each customer&#8217;s sales exceed their sales threshold. We recognize interest income and management, development and other fees and incentives when earned, fixed and determinable.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><i><span style="font-size:10.0pt">Gains on Disposition of Real Estate.</span></i></span><span><span style= "font-size:10.0pt">Gains on the disposition of real estate are recorded when the recognition criteria have been met, generally at the time title is transferred, and we no longer have substantial continuing involvement with the real estate sold.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:1.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">When we contribute a property to a property fund or joint venture in which we have an ownership interest, we do not recognize a portion of the gain realized. The amount of gain not recognized, based on our ownership interest in the entity acquiring the property, is deferred by recognizing a reduction to our investment in the applicable unconsolidated investee. We adjust our proportionate share of net earnings or losses recognized in future periods to reflect the investees&#8217; recorded depreciation expense as if it were computed on our lower basis in the contributed properties rather than on the entity&#8217;s basis. We reflect the gains recognized from contributions of CDFS properties to property funds and CDFS joint ventures in operating cash flows and we include the costs related to the CDFS properties and the recovery of those costs through the proceeds we receive upon contribution in investing cash flows in our Consolidated Statements of Cash Flows.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:7.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">When a property that we originally contributed to a property fund or joint venture is disposed of to a third party, we recognize the amount of the gain we had previously deferred, along with our proportionate share of the gain recognized by the investee. During periods when our ownership interest in an investee decreases, we recognize gains relating to previously deferred gains to coincide with our new ownership interest in the investee.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><b><i><span style="font-size:10.0pt">Rental Expenses.</span></i></b></span><span><span style= "font-size:10.0pt">Rental expenses primarily include the cost of on-site property management personnel, utilities, repairs and maintenance, property insurance and real estate taxes. Also included are direct expenses associated with our management of the property funds&#8217; operations.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:7.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><b><i><span style="font-size:10.0pt">Share-Based Compensation.</span></i></b></span><span><span style= "font-size:10.0pt">We account for stock-based compensation in accordance with SFAS123R &#8220;<i>Share Based Payment</i>&#8221; (&#8220;SFAS123R&#8221;). This standard requires companies to measure the cost of employee services received in exchange for an award of an equity instrument based on the fair value of the award on the grant date and recognize the cost over the period during which an employee is required to provide service in exchange for the award, generally the vesting period. We treat dividend equivalent units (&#8220;DEUs&#8221;) as dividends, which are charged to retained earnings and factored into the computation of the fair value of the underlying share award at grant date. See Note11 for more information on our stock based compensation.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:7.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><b><i><span style="font-size:10.0pt">Income Taxes.</span></i></b></span><span><span style= "font-size:10.0pt">ProLogis was formed as a Maryland REIT in January 1993 and we have, along with our consolidated REIT subsidiary, elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended (the &#8220;Code&#8221;). Under the Code, REITs are generally not required to pay federal income taxes if they distribute 100% of their taxable income and meet certain income, asset and shareholder tests. If we fail to qualify as a REIT in any taxable year, we will be subject to federal income taxes at regular corporate rates (including any alternative minimum tax) and may not be able to qualify as a REIT for the four subsequent taxable years. Even as a REIT, we may be subject to certain state and local taxes on our own income and property, and to federal income and excise taxes on our undistributed taxable income.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:7.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">We have elected taxable REIT subsidiary (&#8220;TRS&#8221;) status for some of our consolidated subsidiaries. This allows us to provide services that would otherwise be considered impermissible for REITs. Many of the foreign countries in which we have operations do not recognize REITs or do not accord REIT status under their respective tax laws to our entities that operate in their jurisdiction. In the United States, we are taxed in certain states in which we operate. Accordingly, we recognize income tax expense for the federal and state income taxes incurred by our TRSs, taxes incurred in certain states and foreign jurisdictions and interest and penalties, associated with our unrecognized tax benefit liabilities.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:7.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">In July 2006, Financial Accounting Standards Board (&#8220;FASB&#8221;) Interpretation No.48 &#8220;<i>Accounting for Uncertainty in Income Taxes&#8212; An Interpretation of FASB</i> <i>Statement No.109</i>&#8221; (&#8220;FIN48&#8221;) was issued. FIN48 clarifies the accounting for uncertainty in income taxes recognized in an enterprise&#8217;s financial statements in accordance with SFASNo.109 &#8220;<i>Accounting for Income Taxes</i>&#8221;. FIN48 prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return and provides guidance on various income tax accounting issues, including derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. Under FIN48, we may recognize the tax benefit from an uncertain tax position only if it is &#8220;more-likely-than-not&#8221; that the tax position will be sustained on examination by taxing authorities. We adopted the provisions of FIN48 in 2007 and, as a result, we recognized a $9.3million increase in the liability for unrecognized tax benefits, which was accounted for as a reduction to the January1, 2007 balance of distributions in excess of net earnings.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:1.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Deferred income tax is generally a function of the period&#8217;s temporary differences (items that are treated differently for tax purposes than for financial reporting purposes), the utilization of tax net operating losses generated in prior years that had been previously recognized as deferred income tax assets and deferred income tax liabilities related to indemnification agreements related to certain contributions to property funds. A valuation allowance for deferred income tax assets is provided if we believe all or some portion of the deferred income tax asset may not be realized. Any increase or decrease in the valuation allowance that results from a change in circumstances that causes a change in the estimated realizability of the related deferred income tax asset is included in income. See Note14 for further discussion of income taxes.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><b><i><span style="font-size:10.0pt">Financial Instruments.</span></i></b></span><span><span style= "font-size:10.0pt">In the normal course of business, we use certain types of derivative financial instruments for the purpose of managing our foreign currency exchange rate and interest rate risk. We reflect our derivative financial instruments at fair value and record changes in the fair value of these derivatives each period in earnings, unless specific hedge accounting criteria are met. To qualify for hedge accounting treatment, certain criteria must be met. Generally, the derivative instruments used for risk management purposes must effectively reduce the risk exposure that they are designed to hedge (primarily interest rate swaps) and, if a derivative instrument is utilized to hedge an anticipated transaction, the anticipated transaction must be probable of occurring. Derivative instruments meeting these hedging criteria are formally designated as hedges at the inception of the contract.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">The unrealized gains and losses resulting from changes in fair value of an effective hedge are recorded in accumulated other comprehensive income and are amortized to earnings over the remaining term of the hedged items. The ineffective portion of a hedge, if any, is immediately recognized in earnings to the extent that the change in value of the derivative instrument does not perfectly offset the change in value of the item being hedged.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">We estimate the fair value of our financial instruments through a variety of methods and assumptions that are based on market conditions and risks existing at each balance sheet date. Primarily, we use quoted market prices or quotes from brokers or dealers for the same or similar instruments. These values represent a general approximation of possible value and may never actually be realized.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">We adopted SFASNo.157 &#8220;<i>Fair Value Measurements&#8221;</i> (&#8220;SFAS157&#8221;) on January1, 2008 for our financial assets and liabilities, primarily derivative instruments to which either we or our unconsolidated investees are a party. SFAS157 defines fair value, establishes a framework for measuring fair value in accordance with GAAP and expands disclosures about fair value measurements. SFAS157 applies to other accounting pronouncements that require or permit fair value measurements but does not require any new fair value measurements. The provisions of SFAS157 relating to non-financial assets and liabilities that are not required or permitted to be measured at fair value on a recurring basis was delayed in February 2008 with the issuance of FASB Staff Position No.FAS157-2 &#8220;Effective Date of FASB Statement No.157&#8221; (&#8220;FSP FAS157-2&#8221;). Fair value measurements identified in FSP FAS157-2 will be effective for our fiscal year beginning January1, 2009. Adoption of FSP FAS157-2 will not have a material impact on our financial position and results of operations.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><b><i><span style="font-size:10.0pt">Environmental costs.</span></i></b></span><span><span style= "font-size:10.0pt">We incur certain environmental remediation costs, including cleanup costs, consulting fees for environmental studies and investigations, monitoring costs, and legal costs relating to cleanup, litigation defense, and the pursuit of responsible third parties. Costs incurred in connection with operating properties and properties previously sold are expensed. Costs related to undeveloped land are capitalized as development costs. Costs incurred for properties to be disposed are included in the cost of the properties upon disposition. We maintain a liability for the estimated costs of environmental remediation expected to be incurred in connection with undeveloped land, operating properties and properties previously sold that we adjust as appropriate as information becomes available.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><b><i><span style="font-size:10.0pt">Recent Accounting Pronouncements.</span></i></b></span><span><span style= "font-size:10.0pt">In December 2007, the FASB issued SFASNo.141R &#8220;<i>Business Combinations&#8221;</i> (&#8220;SFAS141R&#8221;) and SFASNo.160 <i>&#8220;Noncontrolling Interests in Consolidated Financial</i> <i>Statements&#8212; An Amendment of ARB No.51&#8221;</i> (&#8220;SFAS160&#8221;). SFAS141R and SFAS160 require most identifiable assets, liabilities, noncontrolling interests, and goodwill acquired in a business combination to be recorded at &#8220;full fair value&#8221; and require noncontrolling interests (previously referred to as minority interests) to be reported as a component of equity, which changes the accounting for transactions with noncontrolling interest holders. The provisions of SFAS141R and SFAS160 are effective for our fiscal year beginning January1, 2009. SFAS141R will be applied to business combinations occurring after the effective date and SFAS160 will be applied prospectively to all changes in noncontrolling interests, including any that existed at the effective date. The initial adoption of SFAS141R will have a nominal impact on our financial position or results of operations but will impact us in the future. SFAS141R broadens the scope of what qualifies as a business combination to include the acquisition of an operating property by us and our unconsolidated investees. Transaction costs related to the acquisition of a business that were previously capitalized will be expensed under SFAS141R. The transaction costs related to the acquisition of land and equity method investments will continue to be capitalized. SFAS141R will require subsequent adjustments of tax uncertainties that occur after the purchase price allocation period to be recognized in earnings. Previously, these adjustments were recognized in the purchase price as an adjustment to goodwill.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">In March 2008, the FASB issued SFASNo.161, <i>&#8220;Disclosures about Derivative</i> <i>Instruments and Hedging Activities&#8212; an amendment of FASB Statement No.133&#8221;</i> (&#8220;SFAS161&#8221;). SFAS161 requires enhanced disclosures related to derivative instruments and hedging activities. SFAS161 will require disclosures relating to: (i)how and why an entity uses derivative instruments; (ii)how derivative instruments and related hedge items are accounted for under SFASNo.133, &#8220;<i>Accounting for Derivative</i> <i>Instruments and Hedging Activities</i>&#8221;; and (iii)how derivative instruments and related hedged items affect an entity&#8217;s financial position, financial performance and cash flows. SFAS161 must be applied prospectively and is effective for our fiscal year beginning January1, 2009. The adoption of SFAS161 will not have a material impact on our consolidated financial statements.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">In May 2008, the FASB issued FASB Staff Position APB 14-1 <i>&#8220;Accounting for</i> <i>Convertible Debt Instruments that May Be Settled in Cash Upon Conversion (Including</i> <i>Partial Cash Settlement)&#8221;</i> that requires separate accounting for the debt and equity components of convertible debt. The value assigned to the debt component is the estimated fair value of a similar bond without the conversion feature, which would result in the debt being recorded at a discount. The resulting debt discount would be amortized over the period during which the debt is expected to be outstanding (for example, through the first optional redemption date) as additional non-cash interest expense. The effective date of this accounting change is January1, 2009 with the application of the new accounting applied retrospectively to both new and existing convertible instruments, including the convertible notes we issued in 2007 and 2008. As a result of the new accounting, we expect our non-cash interest expense to increase between $73million and $83million per year, prior to capitalization as a result of our development activities. In addition, we will restate our 2007 and 2008 results to reflect the additional interest expense. This restatement will also include an adjustment to the interest capitalized related to our development activities to both properties we currently own, as well as properties that were contributed during the periods the convertible notes were outstanding.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">The following table illustrates the impact on our Consolidated Balance Sheets and Consolidated Statements of Operations for these periods (in thousands):</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="267" valign="top" style= "width:200.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 190.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="185" colspan="2" valign="top" style= "width:138.95pt;padding:0in 2.35pt 0in 2.35pt"> <h2 style="tab-stops:center 67.75pt left 125.35pt"> <span><span style= "mso-tab-count:1"></span> December31, 2008<span style= "mso-tab-count:1"></span></span> </h2> </td> <td width="178" colspan="2" valign="top" style= "width:133.65pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 67.75pt 80.7pt left 125.35pt 161.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> December31, 2007<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="267" valign="top" style= "width:200.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 190.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="92" valign="top" style= "width:68.75pt;padding:0in 2.35pt 0in 2.35pt"> <h2 style="tab-stops:center 29.95pt left 55.6pt"> <span><span style="mso-tab-count:1"></span> As Reported </span> </h2> </td> <td width="94" valign="top" style= "width:70.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 29.95pt left 55.6pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> As Adjusted<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="91" valign="top" style= "width:67.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 29.95pt 39.15pt left 55.6pt 78.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> As Reported </span></u></b></span> </p> </td> <td width="88" valign="top" style= "width:65.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 29.95pt 39.15pt left 55.6pt 78.35pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> As Adjusted<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td width="267" valign="bottom" style= "width:200.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 190.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Consolidated Balance Sheets (1):</span></span> </p> </td> <td width="92" valign="bottom" style= "width:68.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="94" valign="bottom" style= "width:70.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="91" valign="bottom" style= "width:67.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="88" valign="bottom" style= "width:65.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td width="267" valign="bottom" style= "width:200.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 190.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">Real estate<span style= "mso-tab-count: 1 dotted">..............................................................</span></span></span> </p> </td> <td width="92" valign="bottom" style= "width:68.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 15,706,172</span></span> </p> </td> <td width="94" valign="bottom" style= "width:70.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 15,725,069</span></span> </p> </td> <td width="91" valign="bottom" style= "width:67.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 16,578,845</span></span> </p> </td> <td width="88" valign="bottom" style= "width:65.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 16,581,119</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td width="267" valign="bottom" style= "width:200.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 190.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Debt<span style= "mso-tab-count:1 dotted">..........................................................................</span></span></span> </p> </td> <td width="92" valign="bottom" style= "width:68.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt; line-height:93%">$ 11,007,636</span></span> </p> </td> <td width="94" valign="bottom" style= "width:70.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt; line-height:93%">$ 10,711,350</span></span> </p> </td> <td width="91" valign="bottom" style= "width:67.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt; line-height:93%">$ 10,506,068</span></span> </p> </td> <td width="88" valign="bottom" style= "width:65.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt; line-height:93%">$ 10,217,168</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td width="267" valign="bottom" style= "width:200.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 190.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Shareholders&#8217; equity<span style= "mso-tab-count:1 dotted">.............................................</span></span></span> </p> </td> <td width="92" valign="bottom" style= "width:68.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 6,424,712</span></span> </p> </td> <td width="94" valign="bottom" style= "width:70.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 6,739,895</span></span> </p> </td> <td width="91" valign="bottom" style= "width:67.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 7,436,398</span></span> </p> </td> <td width="88" valign="bottom" style= "width:65.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 7,727,572</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:6"> <td width="267" valign="bottom" style= "width:200.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 190.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Consolidated Statements of Operations (1):</span></span> </p> </td> <td width="92" valign="bottom" style= "width:68.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="94" valign="bottom" style= "width:70.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="91" valign="bottom" style= "width:67.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="88" valign="bottom" style= "width:65.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:7"> <td width="267" valign="bottom" style= "width:200.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 190.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total cost of CDFS dispositions<span style= "mso-tab-count:1 dotted">..........................</span></span></span> </p> </td> <td width="92" valign="bottom" style= "width:68.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 3,836,519</span></span> </p> </td> <td width="94" valign="bottom" style= "width:70.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 3,839,923</span></span> </p> </td> <td width="91" valign="bottom" style= "width:67.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 4,241,700</span></span> </p> </td> <td width="88" valign="bottom" style= "width:65.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 4,241,716</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:8"> <td width="267" valign="bottom" style= "width:200.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 190.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Interest expense<span style= "mso-tab-count:1 dotted">.....................................................</span></span></span> </p> </td> <td width="92" valign="bottom" style= "width:68.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 341,305</span></span> </p> </td> <td width="94" valign="bottom" style= "width:70.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 384,715</span></span> </p> </td> <td width="91" valign="bottom" style= "width:67.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 368,512</span></span> </p> </td> <td width="88" valign="bottom" style= "width:65.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 390,256</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:9"> <td width="267" valign="bottom" style= "width:200.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 190.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">Loss from discontinued operations<span style= "mso-tab-count:1 dotted">....................</span></span></span> </p> </td> <td width="92" valign="bottom" style= "width:68.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> (211,365)</span></span> </p> </td> <td width="94" valign="bottom" style= "width:70.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> (212,360)</span></span> </p> </td> <td width="91" valign="bottom" style= "width:67.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 86,596</span></span> </p> </td> <td width="88" valign="bottom" style= "width:65.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 86,596</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:10;mso-yfti-lastrow:yes"> <td width="267" valign="bottom" style= "width:200.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 190.75pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">Net earnings (loss)<span style= "mso-tab-count:1 dotted">..................................................</span></span></span> </p> </td> <td width="92" valign="bottom" style= "width:68.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> (406,773)</span></span> </p> </td> <td width="94" valign="bottom" style= "width:70.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> (454,582)</span></span> </p> </td> <td width="91" valign="bottom" style= "width:67.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 1,074,340</span></span> </p> </td> <td width="88" valign="bottom" style= "width:65.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 55.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 1,052,580</span></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "text-align:justify;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt">____________</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:3.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-padding-alt:0in 4.5pt 0in 4.5pt"> <tr style= "mso-yfti-irow:0;mso-yfti-firstrow:yes;mso-yfti-lastrow:yes"> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "tab-stops:dotted 130.15pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">(1)</span></span> </p> </td> <td valign="top" style="padding:0in 4.5pt 0in 4.5pt"> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Amounts do not include adjustments to previously deferred gains or depreciation expense due to immateriality.</span></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "page-break-before:always;mso-layout-grid-align:none; text-autospace:none"> <span><span style="font-size:10.0pt">In November 2008, the FASB&#8217;s Emerging Issues Task Force (&#8220;EITF&#8221;) reached a consensus on EITF Issue No.08-6 &#8220;Equity Method Investment Accounting Considerations&#8221;. EITF08-6 continues to follow the accounting for the initial carrying value of equity method investments in APB Opinion No.18 &#8220;<i>The</i> <i>Equity Method of Accounting for Investments in Common Stock</i>&#8221;, which is based on a cost accumulation model and generally excludes contingent consideration. EITF08-6 also specifies that other-than-temporary impairment testing by the investor should be performed at the investment level and that a separate impairment assessment of the underlying assets is not required. An impairment charge by the investee should result in an adjustment of the investor&#8217;s basis of the impaired asset for the investor&#8217;s pro-rata share of such impairment. In addition, EITF08-6 reached a consensus on how to account for an issuance of shares by an investee that reduces the investor&#8217;s ownership share of the investee. An investor should account for such transactions as if it had sold a proportionate share of its investment with any gains or losses recorded through earnings. EITF08-6 also addresses the accounting for a change in an investment from the equity method to the cost method after adoption of SFAS160. EITF08-6 is effective for fiscal years beginning on or after December15, 2008. We do not expect the adoption of EITF08-6 to have a material impact on our financial position or results of operations.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><b><i><span style= "font-size:10.0pt">Reclassifications.</span></i></b></span><span><span style="font-size:10.0pt">Certain amounts included in our consolidated financial statements for prior years have been reclassified to conform to the 2008 financial statement presentation.</span></span> </p> <style> /*<![CDATA[*/ st1:*{behavior:url(#ieooui) } <!-- /* Font Definitions */ @font-face {font-family:"Cambria Math"; panose-1:2 4 5 3 5 4 6 3 2 4; mso-font-charset:0; mso-generic-font-family:roman; mso-font-pitch:variable; mso-font-signature:-1610611985 1107304683 0 0 159 0;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-unhide:no; mso-style-qformat:yes; mso-style-parent:""; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman","serif"; mso-fareast-font-family:"Times New Roman";} h2 {mso-style-unhide:no; mso-style-qformat:yes; mso-style-link:"Heading 2 Char"; mso-style-next:Normal; margin:0in; margin-bottom:.0001pt; line-height:93%; mso-pagination:widow-orphan; page-break-after:avoid; mso-outline-level:2; tab-stops:center 33.65pt left 67.35pt; mso-layout-grid-align:none; text-autospace:none; font-size:8.0pt; font-family:"Times New Roman","serif"; text-decoration:underline; text-underline:single;} p.MsoBodyText, li.MsoBodyText, div.MsoBodyText {mso-style-unhide:no; mso-style-link:"Body Text Char"; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; mso-layout-grid-align:none; text-autospace:none; font-size:10.0pt; font-family:"Times New Roman","serif"; mso-fareast-font-family:"Times New Roman";} span.Heading2Char {mso-style-name:"Heading 2 Char"; mso-style-unhide:no; mso-style-locked:yes; mso-style-link:"Heading 2"; mso-ansi-font-size:8.0pt; mso-bidi-font-size:8.0pt; font-weight:bold; text-decoration:underline; text-underline:single;} span.BodyTextChar {mso-style-name:"Body Text Char"; mso-style-unhide:no; mso-style-locked:yes; mso-style-link:"Body Text";} .MsoChpDefault {mso-style-type:export-only; mso-default-props:yes; font-size:10.0pt; mso-ansi-font-size:10.0pt; mso-bidi-font-size:10.0pt;} @page Section1 {size:8.5in 11.0in; margin:1.0in 1.0in 1.0in 1.0in; mso-header-margin:.5in; mso-footer-margin:.5in; mso-paper-source:0;} div.Section1 {page:Section1;} - --> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} /*]]>*/ </style> </div> <div> <p class="MsoNormal" style= "page-break-before:always;mso-layout-grid-align:none; text-autospace:none"> <a name= "_AUCbfdf44da4ca84802bf9538498b1e3841"><b><span style="font-size:10.0pt"> 10.Shareholders&#8217; Equity:</span></b></a> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><i><span style="font-size:10.0pt">Shares Authorized</span></i></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">At December31, 2008, 375.0million shares were authorized to be issued, of which 362.58 million shares represent common shares. The Board of Trustees (&#8220;Board&#8221;) may, without shareholder approval, increase the number of authorized shares and may classify or reclassify any unissued shares of our stock 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.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><i><span style="font-size:10.0pt">Common Shares</span></i></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">In February 2007, we issued 4.8million common shares in connection with the Parkridge acquisition (see Note4).</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">We sell and/or issue common shares under various common share plans, including share-based compensation plans as follows:</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "margin-left:.2in;text-indent:-.2in;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">&#8226;<span style= "mso-tab-count:1"></span> <i>1999 Dividend Reinvestment and Share Purchase Plan, as</i> <i>amended (the &#8220;1999 Dividend Reinvestment Plan&#8221;):</i> 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 ranging from 98% to 100% of the market price of such common shares, as we determine.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "margin-left:.2in;text-indent:-.2in;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">&#8226;<span style= "mso-tab-count:1"></span> <i>Controlled Equity Offering Program:</i>Currently allows us to sell up to 15million common shares through one designated agent who earns a fee up to 2.25% of the gross proceeds, as agreed on a transaction-by-transaction basis. In 2008, 3.4million shares were issued resulting in 11.6million shares available for future issuance.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "margin-left:.2in;text-indent:-.2in;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">&#8226;<span style= "mso-tab-count:1"></span> <i>The Incentive Plan and Outside Trustees</i> <i>Plan:</i>Certain of our employees and outside trustees participate in share-based compensation plans that provide compensation, generally in the form of common shares. See Note11 for additional information on these plans.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "margin-left:.2in;text-indent:-.2in;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt">&#8226;<span style= "mso-tab-count:1"></span> <i>ProLogis TrustEmployee Share Purchase Plan (the</i> <i>&#8220;Employee Share Plan&#8221;):</i> 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 5.0million common shares. As of December31, 2008, we have 4.7million shares available under this plan.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Under the plans discussed above, we issued shares and received proceeds as follows (in thousands):</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="323" valign="top" style= "width:242.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 232.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="105" colspan="2" valign="top" style= "width:78.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 36.95pt left 73.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2008<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="98" colspan="2" valign="top" style= "width:73.45pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 34.35pt left 68.75pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2007<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="105" colspan="2" valign="top" style= "width:78.6pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 36.95pt left 73.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2006<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="323" valign="top" style= "width:242.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 232.7pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="40" valign="top" style= "width:29.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 12.5pt left 25.05pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%">Shares<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="65" valign="top" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 22.05pt left 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Proceeds<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="40" valign="top" style= "width:29.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 12.5pt left 25.05pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%">Shares<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="58" valign="top" style= "width:43.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 19.5pt left 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Proceeds </span></u></b></span> </p> </td> <td width="40" valign="top" style= "width:29.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 12.5pt left 25.05pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%">Shares<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="65" valign="top" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 22.05pt left 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Proceeds<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td width="323" valign="bottom" style= "width:242.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 232.7pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">1999 Dividend Reinvestment Plan<span style= "mso-tab-count:1 dotted">........................................</span></span></span> </p> </td> <td width="40" valign="bottom" style= "width:29.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 24.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 335</span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 4,376</span></span> </p> </td> <td width="40" valign="bottom" style= "width:29.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 24.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 66</span></span> </p> </td> <td width="58" valign="bottom" style= "width:43.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 4,145</span></span> </p> </td> <td width="40" valign="bottom" style= "width:29.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 24.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 69</span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">$<span style= "mso-tab-count:1"></span> 3,738</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td width="323" valign="bottom" style= "width:242.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 232.7pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Controlled Equity Offering Program<span style= "mso-tab-count:1 dotted">.....................................</span></span></span> </p> </td> <td width="40" valign="bottom" style= "width:29.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 24.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">3,367</span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 196,381</span></span> </p> </td> <td width="40" valign="bottom" style= "width:29.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 24.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> <td width="58" valign="bottom" style= "width:43.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> <td width="40" valign="bottom" style= "width:29.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 24.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">5,383</span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 320,786</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td width="323" valign="bottom" style= "width:242.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 232.7pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Incentive Plan and Outside Trustees Plan<span style= "mso-tab-count:1 dotted">............................</span></span></span> </p> </td> <td width="40" valign="bottom" style= "width:29.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 24.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">1,603</span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 16,359</span></span> </p> </td> <td width="40" valign="bottom" style= "width:29.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 24.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">1,781</span></span> </p> </td> <td width="58" valign="bottom" style= "width:43.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 31,151</span></span> </p> </td> <td width="40" valign="bottom" style= "width:29.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 24.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">1,460</span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 31,350</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td width="323" valign="bottom" style= "width:242.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 232.7pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Employee Share Plan<span style= "mso-tab-count:1 dotted">...............................................................</span></span></span> </p> </td> <td width="40" valign="bottom" style= "width:29.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:.9pt decimal 24.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u><span style= "mso-tab-count:1"></span> 76</u></span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 1,950</span></u></span> </p> </td> <td width="40" valign="bottom" style= "width:29.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:.9pt decimal 24.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u><span style= "mso-tab-count:1"></span> 44</u></span></span> </p> </td> <td width="58" valign="bottom" style= "width:43.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 2,140</span></u></span> </p> </td> <td width="40" valign="bottom" style= "width:29.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:.9pt decimal 24.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u><span style= "mso-tab-count:1"></span> 39</u></span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><u><span style="font-size:10.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> 1,643</span></u></span> </p> </td> </tr> <tr style="mso-yfti-irow:6;mso-yfti-lastrow:yes"> <td width="323" valign="bottom" style= "width:242.05pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 232.7pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total<span style= "mso-tab-count: 1 dotted">...........................................................................................</span></span></span> </p> </td> <td width="40" valign="bottom" style= "width:29.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:.9pt decimal 24.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u style= "text-underline:double">5,381</u></span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 219,066</span></u></span> </p> </td> <td width="40" valign="bottom" style= "width:29.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:.9pt decimal 24.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u style= "text-underline:double">1,891</u></span></span> </p> </td> <td width="58" valign="bottom" style= "width:43.7pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 39.0pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 37,436</span></u></span> </p> </td> <td width="40" valign="bottom" style= "width:29.75pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:.9pt decimal 24.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u style= "text-underline:double">6,951</u></span></span> </p> </td> <td width="65" valign="bottom" style= "width:48.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 44.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><u style="text-underline:double"><span style= "font-size:10.0pt;line-height:93%">$<span style= "mso-tab-count:1"></span> 357,517</span></u></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Limited partnership units were redeemed into 3.9million common shares in 2008, 128,000 common shares in 2007, and 180,000 common shares in 2006 (see Note9).</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">We have approximately $84.1million remaining on our Board authorization to repurchase common shares that began in 2001. We have not repurchased our common shares since 2003.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:1.0pt"></span></span> </p> <p class="MsoNormal" style= "page-break-before:always;mso-layout-grid-align:none; text-autospace:none"> <span><i><span style="font-size:10.0pt">Preferred Shares</span></i></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">At December31, 2008, we had three series of preferred shares outstanding (&#8220;SeriesC Preferred Shares&#8221;, &#8220;SeriesF Preferred Shares&#8221;, and &#8220;SeriesG Preferred Shares&#8221;). 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&#8217; 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 SeriesC 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.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">Our preferred shares outstanding at December31, 2008 are summarized as follows:</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="423" valign="top" style= "width:317.15pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 307.8pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 307.8pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 307.8pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 307.8pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="50" valign="top" style= "width:37.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 16.25pt left 32.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 16.25pt left 32.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 16.25pt left 32.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> Dividend</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 16.25pt left 32.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Rate<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="93" valign="top" style= "width:70.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 32.7pt left 65.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> Dividend</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 32.7pt left 65.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> Equivalent Based</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 32.7pt left 65.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> on Liquidation</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 32.7pt left 65.4pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Preference<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="64" valign="top" style= "width:48.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 21.75pt left 43.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style= "mso-spacerun:yes"></span></span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 21.75pt left 43.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> <span style="mso-tab-count:1"></span> Optional</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 21.75pt left 43.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style="font-size:8.0pt; line-height:93%"> Redemption</span></b></span> </p> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 21.75pt left 43.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Date<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="423" valign="bottom" style= "width:317.15pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 307.8pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">SeriesC Preferred Shares<span style= "mso-tab-count:1 dotted">...........................................................................................</span></span></span> </p> </td> <td width="50" valign="bottom" style= "width:37.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 10.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 8.54%</span></span> </p> </td> <td width="93" valign="bottom" style= "width:70.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">$4.27 per share</span></span> </p> </td> <td width="64" valign="bottom" style= "width:48.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="right" style= "text-align:right;line-height:93%; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">11/13/26</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:2"> <td width="423" valign="bottom" style= "width:317.15pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 307.8pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">SeriesF Preferred Shares<span style= "mso-tab-count:1 dotted">...........................................................................................</span></span></span> </p> </td> <td width="50" valign="bottom" style= "width:37.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 10.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 6.75%</span></span> </p> </td> <td width="93" valign="bottom" style= "width:70.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">$1.69 per share</span></span> </p> </td> <td width="64" valign="bottom" style= "width:48.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="right" style= "text-align:right;line-height:93%; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">11/28/08</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3;mso-yfti-lastrow:yes"> <td width="423" valign="bottom" style= "width:317.15pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 307.8pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">SeriesG Preferred Shares<span style= "mso-tab-count:1 dotted">...........................................................................................</span></span></span> </p> </td> <td width="50" valign="bottom" style= "width:37.25pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 10.9pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 6.75%</span></span> </p> </td> <td width="93" valign="bottom" style= "width:70.1pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;mso-layout-grid-align:none; text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">$1.69 per share</span></span> </p> </td> <td width="64" valign="bottom" style= "width:48.2pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" align="right" style= "text-align:right;line-height:93%; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%">12/30/08</span></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><i><span style="font-size:10.0pt">Ownership Restrictions</span></i></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">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.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">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.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><i><span style="font-size:10.0pt">Distributions and Dividends</span></i></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">The following summarizes the taxability of our common share distributions and preferred share dividends (taxability for 2008 is estimated):</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style= "border-collapse:collapse;mso-table-layout-alt:fixed;mso-padding-alt: 0in 2.35pt 0in 2.35pt"> <thead> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes"> <td width="458" valign="top" style= "width:343.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 334.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="172" colspan="3" valign="top" style= "width:128.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 62.05pt left 124.15pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> Years Ended December31,<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> <tr style="mso-yfti-irow:1"> <td width="458" valign="top" style= "width:343.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:dotted 334.5pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-spacerun:yes"></span></span></b></span> </p> </td> <td width="57" valign="top" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 19.1pt left 38.25pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2008<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="57" valign="top" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 19.1pt left 38.25pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2007<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> <td width="57" valign="top" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:center 19.1pt left 38.25pt; mso-layout-grid-align:none;text-autospace:none"> <span><b><u><span style= "font-size:8.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 2006<span style= "mso-tab-count:1"></span></span></u></b></span> </p> </td> </tr> </thead> <tr style="mso-yfti-irow:2"> <td width="458" valign="bottom" style= "width:343.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 334.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">Per common share:</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:3"> <td width="458" valign="bottom" style= "width:343.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 334.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Ordinary income<span style= "mso-tab-count:1 dotted">....................................................................................................................</span></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 4.75pt decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> $<span style= "mso-tab-count:1"></span> 1.01</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 4.75pt decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> $<span style= "mso-tab-count:1"></span> 0.89</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 4.75pt decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> $<span style= "mso-tab-count:1"></span> 0.95</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:4"> <td width="458" valign="bottom" style= "width:343.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 334.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Qualified dividend<span style= "mso-tab-count:1 dotted">.................................................................................................................</span></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 0.01</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 0.04</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:5"> <td width="458" valign="bottom" style= "width:343.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 334.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Capital gains<span style= "mso-tab-count: 1 dotted">..........................................................................................................................</span></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 1.05</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 0.64</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:6"> <td width="458" valign="bottom" style= "width:343.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 334.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Return of capital<span style= "mso-tab-count:1 dotted">...................................................................................................................</span></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 4.75pt decimal 33.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u><span style= "mso-tab-count:1"></span> &#8212;</u></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 4.75pt decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u><span style= "mso-tab-count:1"></span> 0.31</u></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 4.75pt decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u><span style= "mso-tab-count:1"></span> 0.61</u></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:7"> <td width="458" valign="bottom" style= "width:343.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 334.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total distribution<span style= "mso-tab-count:1 dotted">..................................................................................................................</span></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 4.75pt decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u style= "text-underline: double">$<span style= "mso-tab-count:1"></span> 2.07</u></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 4.75pt decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u style= "text-underline: double">$<span style= "mso-tab-count:1"></span> 1.84</u></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 4.75pt decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u style= "text-underline: double">$<span style= "mso-tab-count:1"></span> 1.60</u></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:8"> <td width="458" valign="bottom" style= "width:343.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 334.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">Per preferred share&#8212; SeriesC:</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:9"> <td width="458" valign="bottom" style= "width:343.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 334.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Ordinary income<span style= "mso-tab-count:1 dotted">....................................................................................................................</span></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 4.75pt decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> $<span style= "mso-tab-count:1"></span> 2.07</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 4.75pt decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> $<span style= "mso-tab-count:1"></span> 2.47</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 4.75pt decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> $<span style= "mso-tab-count:1"></span> 4.10</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:10"> <td width="458" valign="bottom" style= "width:343.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 334.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Qualified dividend<span style= "mso-tab-count:1 dotted">.................................................................................................................</span></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 0.03</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 0.17</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:11"> <td width="458" valign="bottom" style= "width:343.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 334.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Capital gains<span style= "mso-tab-count: 1 dotted">..........................................................................................................................</span></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 4.75pt decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u><span style= "mso-tab-count:1"></span> 2.17</u></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 4.75pt decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u><span style= "mso-tab-count:1"></span> 1.80</u></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 4.75pt decimal 33.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u><span style= "mso-tab-count:1"></span> &#8212;</u></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:12"> <td width="458" valign="bottom" style= "width:343.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 334.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total dividend<span style= "mso-tab-count:1 dotted">.......................................................................................................................</span></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 4.75pt decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u style= "text-underline: double">$<span style= "mso-tab-count:1"></span> 4.27</u></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 4.75pt decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u style= "text-underline: double">$<span style= "mso-tab-count:1"></span> 4.27</u></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 4.75pt decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u style= "text-underline: double">$<span style= "mso-tab-count:1"></span> 4.27</u></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:13"> <td width="458" valign="bottom" style= "width:343.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;page-break-before:always;tab-stops:dotted 334.5pt;mso-layout-grid-align: none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">Per preferred share&#8212; SeriesF:</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:14"> <td width="458" valign="bottom" style= "width:343.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 334.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Ordinary income<span style= "mso-tab-count:1 dotted">....................................................................................................................</span></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 4.75pt decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> $<span style= "mso-tab-count:1"></span> 0.82</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 4.75pt decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> $<span style= "mso-tab-count:1"></span> 0.98</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 4.75pt decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> $<span style= "mso-tab-count:1"></span> 1.62</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:15"> <td width="458" valign="bottom" style= "width:343.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 334.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Qualified dividend<span style= "mso-tab-count:1 dotted">.................................................................................................................</span></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 0.01</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 0.07</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:16"> <td width="458" valign="bottom" style= "width:343.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 334.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Capital gains<span style= "mso-tab-count: 1 dotted">..........................................................................................................................</span></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 4.75pt decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u><span style= "mso-tab-count:1"></span> 0.86</u></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 4.75pt decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u><span style= "mso-tab-count:1"></span> 0.71</u></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 4.75pt decimal 33.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u><span style= "mso-tab-count:1"></span> &#8212;</u></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:17"> <td width="458" valign="bottom" style= "width:343.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 334.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total dividend<span style= "mso-tab-count:1 dotted">.......................................................................................................................</span></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 4.75pt decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u style= "text-underline: double">$<span style= "mso-tab-count:1"></span> 1.69</u></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 4.75pt decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u style= "text-underline: double">$<span style= "mso-tab-count:1"></span> 1.69</u></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 4.75pt decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u style= "text-underline: double">$<span style= "mso-tab-count:1"></span> 1.69</u></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:18"> <td width="458" valign="bottom" style= "width:343.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:5.05pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 334.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt;line-height:93%">Per preferred share&#8212; SeriesG:</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:19"> <td width="458" valign="bottom" style= "width:343.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 334.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Ordinary income<span style= "mso-tab-count:1 dotted">....................................................................................................................</span></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 4.75pt decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> $<span style= "mso-tab-count:1"></span> 0.82</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 4.75pt decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> $<span style= "mso-tab-count:1"></span> 0.98</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 4.75pt decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> $<span style= "mso-tab-count:1"></span> 1.62</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:20"> <td width="458" valign="bottom" style= "width:343.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 334.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Qualified dividend<span style= "mso-tab-count:1 dotted">.................................................................................................................</span></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 0.01</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 33.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> &#8212;</span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> 0.07</span></span> </p> </td> </tr> <tr style="mso-yfti-irow:21"> <td width="458" valign="bottom" style= "width:343.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:7.3pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 334.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Capital gains<span style= "mso-tab-count: 1 dotted">..........................................................................................................................</span></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 4.75pt decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u><span style= "mso-tab-count:1"></span> 0.86</u></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 4.75pt decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u><span style= "mso-tab-count:1"></span> 0.71</u></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 4.75pt decimal 33.45pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u><span style= "mso-tab-count:1"></span> &#8212;</u></span></span> </p> </td> </tr> <tr style="mso-yfti-irow:22;mso-yfti-lastrow:yes"> <td width="458" valign="bottom" style= "width:343.85pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "margin-top:0in;margin-right:5.05pt;margin-bottom: 0in;margin-left:9.55pt;margin-bottom:.0001pt;text-indent:-5.05pt;line-height: 93%;tab-stops:dotted 334.5pt;mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt;line-height:93%">Total dividend<span style= "mso-tab-count:1 dotted">.......................................................................................................................</span></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 4.75pt decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u style= "text-underline: double">$<span style= "mso-tab-count:1"></span> 1.69</u></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 4.75pt decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u style= "text-underline: double">$<span style= "mso-tab-count:1"></span> 1.69</u></span></span> </p> </td> <td width="57" valign="bottom" style= "width:42.95pt;padding:0in 2.35pt 0in 2.35pt"> <p class="MsoNormal" style= "line-height:93%;tab-stops:0in 4.75pt decimal 20.55pt; mso-layout-grid-align:none;text-autospace:none"> <span><span style= "font-size:10.0pt; line-height:93%"><span style= "mso-tab-count:1"></span> <u style= "text-underline: double">$<span style= "mso-tab-count:1"></span> 1.69</u></span></span> </p> </td> </tr> </table> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">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 &#8220;REIT taxable income&#8221; 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.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">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&#8217;s basis in the common shares. To the extent that a distribution exceeds both current and accumulated earnings and profits and the shareholder&#8217;s basis in the common shares, it will generally be treated as a gain from the sale or exchange of that shareholder&#8217;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.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">In November 2008, the Board set the expected annual distribution rate for 2009 at $1.00 per common share, subject to market conditions and REIT distribution requirements. The payment of common share distributions, as well as whether the distribution will be payable in cash or shares of beneficial interest, or some combination, is dependent upon our financial condition and operating results and may be adjusted at the discretion of the Board during the year. A cash distribution of $0.25 per common share for the first quarter of 2009 was declared on February9, 2009. This distribution will be paid on February27, 2009 to holders of common shares on February19, 2009.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt">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.</span></span> </p> <p class="MsoNormal" style= "mso-layout-grid-align:none;text-autospace:none"> <span><span style="font-size:10.0pt"></span></span> </p><span><span style= "font-size:10.0pt;font-family:Times New Roman,serif;mso-fareast-font-family: Times New Roman;mso-ansi-language:EN-US;mso-fareast-language:EN-US; mso-bidi-language:AR-SA">Our tax return for the year ended December31, 2008 has not been filed. The taxability information presented for our distributions and dividends paid in 2008 is based upon management&#8217;s estimate. Our tax returns for previous tax years have not been examined by the Internal Revenue Service (&#8220;IRS&#8221;) other than those discussed in Note14. Consequently, the taxability of distributions and dividends is subject to change.</span></span> <style> /*<![CDATA[*/ <!-- /* Font Definitions */ @font-face {font-family:"Cambria Math"; panose-1:2 4 5 3 5 4 6 3 2 4; mso-font-charset:0; mso-generic-font-family:roman; mso-font-pitch:variable; mso-font-signature:-1610611985 1107304683 0 0 159 0;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-unhide:no; mso-style-qformat:yes; mso-style-parent:""; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman","serif"; mso-fareast-font-family:"Times New Roman";} .MsoChpDefault {mso-style-type:export-only; mso-default-props:yes; font-size:10.0pt; mso-ansi-font-size:10.0pt; mso-bidi-font-size:10.0pt;} @page Section1 {size:8.5in 11.0in; margin:1.0in 1.0in 1.0in 1.0in; mso-header-margin:.5in; mso-footer-margin:.5in; mso-paper-source:0;} div.Section1 {page:Section1;} - --> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} /*]]>*/ </style> </div> false --12-31 2008-12-31 10-K 0000899881 267604300 Yes Large Accelerated Filer 14228109100 ProLogis No Yes 149586 216922 275322 5606017 6000119 6412473 6000119 6412473 6688615 -115417 -18270 0 0 0 -111136 0 2475035 289019 1286841 2530377 4206446 244 247 113 2438 2509 2577 243781 250912 257712 250912 257712 267005 2509 2577 2670 916287 1107317 -736892 6475 4444 17126 0 2406426 289019 993926 1835274 3547500 -76 -106 -199 30011 30903 40090 -53722 550 4072 298342 311867 350976 641023 899800 9216 743937 1054599 -127397 644474 904614 13053 0 -9272 0 70777 90015 -279568 33514 28721 9783 103729 52776 9718 -33514 -28721 -9783 0 0 320636 0 0 -320636 0 13259 274705 0 0 198236 0 0 -198236 47748 4573 13342 93055 94453 -69116 -42174 0 0 -175677 -661796 -329553 0 339449 0 69 19 54 357448 37417 219012 6951 1891 5381 -3441 -31615 -25128 3457 6003 -6231 874367 1074340 -406773 368158 -431506 743934 -25416 -25423 -25423 350000 350000 350000 0 -1137028 0 -259248 0 0 -29437 -37948 -36902 0 0 23131 -620018 -170971 396026 -170971 396026 -587199 146206 50243 126983 -36418 -44403 -34063 -66787 -67317 -58076 6398579 7436398 6424712 -27091 -52219 340039 244778 933075 658868 302413 22845 6412473 6688615 -13861 -7797 -702 7673 10555 12759 19724034 19252216 19607 1310754 203800 475791 399910 174636 271991 -75881 -114138 1.6 1.84 2.07 0.01 0.01 257712 267005 257712 267005 2577 2670 83508 66339 63441 10506068 11007636 -53722 516 4570 283306 302413 339491 236054 284421 325049 22973 5099 -32630 -399904 -472648 -551029 -25416 -25423 -25423 3.45 4.08 -1.65 3.32 3.94 -1.65 9161 29032 -13950 99062 74348 19956 21444 8132 -148281 -18774 16229 144364 81470 146667 11668 0 0 -90719 -185199 -199443 -21386 0 0 90719 147193 193204 204300 0 12600 274705 714151 987744 -195408 2.8 3.74 -0.85 2.69 3.62 -0.85 160216 86596 -211365 0.65 0.34 -0.8 0.63 0.32 -0.8 -143758 -105618 71956 29786 66855 68011 -204096 -155486 63769 72201 216338 -76472 -295629 -368512 -341305 2345277 2269993 12208975 12807626 19724034 19252216 424 389884 211929 104719 131011 78661 19878 -3451 -4814 -3837 1644882 2741688 358103 -2069379 -4052556 -1301912 687327 1205955 843621 874367 1074340 -406773 848951 1048917 -432196 -120201 -237357 -610474 1673492 5046701 5031299 764675 1141971 623527 1408814 1129182 -3441 -31615 -25128 216922 275322 -29374 70777 90015 -279568 13013 12363 28104 769408 751238 34625 32129 16522 37443 26322 25857 -13840 -15830 -12121 -393317 -472645 -542792 -19062 -31781 -25423 -3695799 -5213870 -5482792 0 -700812 0 25416 25423 25423 73723 115620 4200 0 2329016 544500 1945325 781802 606044 358038 46855 222162 -11576 -9341 23827 0 1719453 0 2095231 3618622 4474228 1368458 1583299 16578845 15706172 15210387 14122873 -588844 -1174335 -1202028 396026 -587199 901954 1052219 1002493 2438167 6188672 5654826 21567 23934 28321 7436398 6424712 0 4781 0 180 128 3912 0 48 0 2 1 39 256852 267226 262729 245952 256873 262729 EX-100.SCH 3 pld-20081231.xsd SCHEMA DOCUMENT 290050 - Disclosure - - Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 990000 - Disclosure - Selected Quarterly Financial Data link:presentationLink link:calculationLink link:definitionLink EX-100.CAL 4 pld-20081231_cal.xml CALCULATION LINKBASE DOCUMENT EX-100.LAB 5 pld-20081231_lab.xml LABELS LINKBASE DOCUMENT EX-100.PRE 6 pld-20081231_pre.xml PRESENTATION LINKBASE DOCUMENT EX-100.DEF 7 pld-20081231_def.xml DEFINITION LINKBASE DOCUMENT
-----END PRIVACY-ENHANCED MESSAGE-----