Exhibit 99.1
FOR IMMEDIATE RELEASE
AMB PROPERTY CORPORATION® ANNOUNCES PRICING OF COMMON STOCK OFFERING
SAN FRANCISCO, March 25, 2009 — AMB Property Corporation® (NYSE: AMB), a leading owner, operator
and developer of industrial real estate, today announced the pricing of its public offering of
41,250,000 shares of its common stock at a price of $12.15 per share. The company has granted the
underwriters an option to purchase up to an additional 6,187,500 shares to cover over-allotments,
if any. Merrill Lynch & Co., J.P.Morgan and Morgan Stanley are acting as joint bookrunners for the
offering. Subject to customary conditions, the offering is expected to close on or about March 30,
2009.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of the common stock in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification under the securities
laws of any such jurisdiction.
A copy of the final prospectus supplement and prospectus relating to these securities may be
obtained, when available, by contacting Merrill Lynch & Co., 4 World Financial Center,
New York, NY 10080, Phone: +1 212 449 1000; J.P. Morgan Securities Inc., National Statement
Processing, Prospectus Library, 4 Chase Metrotech Center, CS Level, Brooklyn, NY 11245,
Phone: +1 718 242 8002; or Morgan Stanley & Co. Incorporated, Attention: Prospectus Department, 180
Varick Street, New York, NY 10014, email: prospectus@morganstanley.com.
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 December 31, 2008, AMB owned, or had investments in, on a consolidated basis or
through unconsolidated joint ventures, properties and development projects expected to total
approximately 160 million square feet (14.9 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
statements related to the offering and the issuance and sale of common stock (including the
expected timing of closing of the offering), and the availability of a final prospectus supplement,
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 numerous 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 the 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,”
“forecasting, “ “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
