ProLogis Ranked No. 1 in Real Estate on FORTUNE's 2007 List of 'America's Most Admired Companies'

DENVER, March 6 /PRNewswire-FirstCall/ -- ProLogis (NYSE: PLD), the world's largest owner, manager and developer of distribution facilities, announced today that it has been ranked No. 1 in the real estate industry on FORTUNE's 2007 list of "America's Most Admired Companies."

FORTUNE ranked ProLogis first in six out of eight performance categories: innovation, people management, use of corporate assets, quality of management, financial soundness, and long-term investment. ProLogis was evaluated against real estate companies drawn from the FORTUNE 1,000 representing a variety of property sectors, including office, retail, hotel and residential.

"This is an important mark of distinction for ProLogis, made even more significant by the fact that companies are ranked by their peers from within each industry category," said Jeff Schwartz, ProLogis chief executive officer. "We're extremely pleased to receive this recognition, which is testament to the talent, hard work and achievements of ProLogis associates around the world."

FORTUNE and its survey partner, the Hay Group, surveyed thousands of executives, directors and analysts across 63 different industries. The list and related stories will appear in the March 19, 2007, issue of the magazine, appearing on newsstands on March 12.

About ProLogis

ProLogis is the world's largest owner, manager and developer of distribution facilities, with operations in 80 markets across North America, Europe and Asia. The company has $26.7 billion of assets owned, managed and under development, comprising 422 million square feet (39.2 million square meters) in 2,466 properties as of December 31, 2006. ProLogis' customers include manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises with large-scale distribution needs. Headquartered in Denver, Colorado, ProLogis employs more than 1,250 people worldwide. For additional information about the company, go to www.prologis.com.

SOURCE ProLogis

Released March 6, 2007