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ProLogis announced that ProLogis European Properties (PEPR), a real estate investment fund that owns a portfolio of distribution facilities in Europe and is externally managed by a subsidiary of ProLogis, is planning an Initial Public Offering of ordinary units by certain selling unitholders on Euronext Amsterdam N.V.'s Eurolist by Euronext.
ProLogis announced that it has leased 600,000 square feet of industrial space to two customers at a new park it operates in Memphis, Tennessee. Kyocera Mita America, a leading document imaging company, has leased 300,000 square feet at ProLogis Park Stateline, an 80-acre park located about two miles southeast of Memphis International Airport. The facility will become the hub of Kyocera's new national product distribution network, and will eventually service approximately 70 percent of the United States.
Strong Operating Property Fundamentals, Development Gains and Growth in Property Fund Business Support 20% Increase in FFO per Share; Company Increases Guidance for 2006 FFO and Earnings per Share ProLogis reported funds from operations as defined by ProLogis (FFO) of $0.90 per diluted share for the second quarter of 2006, a 20% increase over adjusted FFO of $0.75 in the second quarter of 2005. After relocation charges and recognition of cumulative translation losses and impairment charges related to the sale of its temperature-controlled business, FFO for the second quarter of 2005 was $0.67 per share. Net earnings per diluted share were $0.66 for the second quarter of 2006, compared with $0.40 for the same period in 2005.
Manufactured in Poland, by EADS PZL, the PZL-104MA WILGA made its first public appearance at the EAA Airventure in Oshkosh on July 24th to 30th, 2006. The new aircraft generated an incredible interest and enthusiasm among EAA visitors from around the world. These visitors used terms such as "amazing" and "cool" to describe the aircraft.
Ceremony Affirms Combined Effort for Trade and Environmental Leadership Representatives of the Port of Long Beach , shipping line Kawasaki Kisen Kaisha, Ltd. (“K” Line) and container terminal operator International Transportation Service Inc. signed an agreement Monday, July 31, reaffirming their commitment to work together to further international trade and environmental stewardship.
The Company, which already transports selected vehicles of its 911, Boxster/Cayman and Cayenne model series for key overseas markets by rail, is now also moving component deliveries to its Finnish production partner Valmet Automotive from road to rail. On June 26th, 2006 the first train has been loaded at the container terminal in Kornwestheim with the newly developed mega trailers before setting out for Rostock. The trailers mainly contain engines, which will be built into Porsche's Boxster and Cayman models at Valmet Automotive.
