We are the leading global owner, operator and developer of industrial real
estate, focused on global and regional markets across the Americas, Europe and
Asia. As of December 31, 2013, on an owned and managed basis, we had properties
and development projects totaling 569 million square feet (52.9 million square
meters) in 21 countries. These properties are leased to more than 4,500
customers, including third-party logistics providers, transportation companies,
retailers, manufacturers, and other enterprises.
Of the 569 million square feet (representing an investment of $45.5 billion) in
our owned and managed portfolio as of December 31, 2013:
� 529 million square feet were in our operating portfolio with a gross book
value of $41.5 billion that were 95.1 % occupied;
� 30 million square feet were in our development portfolio with a total
expected investment of $2.4 billion that were 45.