SAN FRANCISCO, May 31, 2011 /PRNewswire/ -- AMB Property
Corporation® (NYSE: AMB), a leading owner, operator and developer
of global industrial real estate, today released its annual online
corporate sustainability report (www.amb.com/sustainability), the
latest in a series that communicates the company's commitment to
matters relating to corporate social responsibility, including
environmental responsibility, carbon emissions, employee
development, community involvement, corporate governance and
financial transparency.
"We continued our global commitment to our sustainability
program in 2010, achieving significant improvements in the energy
efficiency of our logistics buildings, quantifying the value of our
infill portfolio and making progress on our renewable energy
initiative," said Steven Campbell,
AMB's senior vice president, director of Global Environmental &
Development Services.
The current report is consistent with the Global Reporting
Initiative (GRI), an internationally recognized sustainability
reporting framework. It has been externally assured by Two
Tomorrows, a world-leading sustainability consultancy, and meets
GRI B+ reporting level requirements.
AMB Property Corporation.® Local partner to global
trade.™
AMB Property Corporation® is a leading owner, operator
and developer of industrial real estate, focused on major hub and
gateway distribution markets in the Americas, Europe and Asia. As of March 31,
2011, AMB owned, or had investments in, on a consolidated
basis or through unconsolidated joint ventures, properties and
development projects expected to total approximately 161 million
square feet (15 million square meters) in 49 markets within 15
countries. AMB invests in properties located predominantly in the
infill submarkets of its targeted markets. The company's portfolio
is comprised of High Throughput Distribution® facilities—industrial
properties built for speed and located near airports, seaports and
ground transportation systems.
Some of the information included in this press release contains
forward-looking statements, such as those related to our
expectations for CSR initiatives, which are made pursuant to the
safe-harbor provisions of Section 21E of the Securities Exchange
Act of 1934, as amended, and Section 27A of the Securities Act of
1933, as amended. Because these forward-looking statements involve
risks and uncertainties, there are important factors that could
cause our actual results to differ materially from those in the
forward-looking statements, and you should not rely on the
forward-looking statements as predictions of future events. The
events or circumstances reflected in forward-looking statements
might not occur. You can identify forward-looking statements by the
use of forward-looking terminology such as "believes," "expects,"
"may," "will," "should," "seeks," "approximately," "intends,"
"plans," "pro forma," "estimates" or "anticipates" or the negative
of these words and phrases or similar words or phrases. You can
also identify forward-looking statements by discussions of
strategy, plans or intentions. Forward-looking statements are
necessarily dependent on assumptions, data or methods that may be
incorrect or imprecise and we may not be able to realize them. We
caution you not to place undue reliance on forward-looking
statements, which reflect our analysis only and speak only as of
the date of this report or the dates indicated in the statements.
We assume no obligation to update or supplement forward-looking
statements. The following factors, among others, could cause actual
results and future events to differ materially from those set forth
or contemplated in the forward-looking statements: changes in
general economic conditions in California, the U.S. or globally (including
financial market fluctuations), global trade or in the real estate
sector (including risks relating to decreasing real estate
valuations and impairment charges); risks associated with using
debt to fund the company's business activities, including
refinancing and interest rate risks; the company's failure to
obtain, renew, or extend necessary financing or access the debt or
equity markets; the company's failure to maintain its current
credit agency ratings or comply with its debt covenants; risks
related to the merger with ProLogis, including litigation related
to the merger, and the risk that the merger may not achieve its
intended results, including that the expected synergies will not be
realized, or will not be realized during the expected time period;
the risks that the businesses will not be integrated successfully;
disruption from the merger making it more difficult to maintain
business and operational relationships; risks related to the
company's obligations in the event of certain defaults under
co-investment venture and other debt; defaults on or
non-renewal of leases by customers, lease renewals at lower than
expected rent or failure to lease properties at all or on favorable
rents and terms; difficulties in identifying properties, portfolios
of properties, or interests in real-estate related entities or
platforms to acquire and in effecting acquisitions on advantageous
terms and the failure of acquisitions to perform as the company
expects; unknown liabilities acquired in connection with the
acquired properties, portfolios of properties, or interests in
real-estate related entities; the company's failure to successfully
integrate acquired properties and operations; risks and
uncertainties affecting property development, redevelopment and
value-added conversion (including construction delays, cost
overruns, the company's inability to obtain necessary permits and
financing, the company's inability to lease properties at all or at
favorable rents and terms, and public opposition to these
activities); the company's failure to set up additional funds,
attract additional investment in existing funds or to contribute
properties to its co-investment ventures due to such factors as its
inability to acquire, develop, or lease properties that meet the
investment criteria of such ventures, or the co-investment
ventures' inability to access debt and equity capital to pay for
property contributions or their allocation of available capital to
cover other capital requirements; risks and uncertainties relating
to the disposition of properties to third parties and the company's
ability to effect such transactions on advantageous terms and to
timely reinvest proceeds from any such dispositions; risks of doing
business internationally and global expansion, including
unfamiliarity with the new markets and currency risks; risks of
changing personnel and roles; losses in excess of the
company's insurance coverage; changes in local, state and federal
regulatory requirements, including changes in real estate and
zoning laws; increases in real property tax rates; risks associated
with the company's tax structuring; increases in interest rates and
operating costs or greater than expected capital expenditures;
environmental uncertainties and risks related to natural disasters;
and our failure to qualify and maintain our status as a real estate
investment trust. Our success also depends upon economic
trends generally, various market conditions and fluctuations and
those other risk factors discussed under the heading "Risk Factors"
and elsewhere in our most recent annual report on Form 10-K for the
year ended December 31, 2010 and our
other public reports.
SOURCE AMB Property Corporation