Which specific real estate portfolios are detailed in this filing?

The filing includes financial details for the J.A. Green Portfolio, Magnum Realty Corp. Portfolio, Beacon Centre Portfolio, AFCO Portfolio, AFCO Investors Portfolio, AFCO Cargo I Associates L.P. Portfolio, and the West Pac Portfolio.

What types of financial information are presented for the acquired portfolios?

For each acquired portfolio, the filing provides combined statements of revenues and certain expenses, outlining rental revenues and specific operating expenses (like property operating expenses and real estate taxes) for periods in 1999 and 2000. Future minimum rental income from existing leases is also detailed.

Why do the financial statements exclude certain expenses like depreciation and interest?

The combined statements of revenues and certain expenses were prepared specifically to comply with SEC Rule 3-14. They intentionally exclude expenses such as interest, depreciation, amortization, and professional fees, as these are not directly related to the future operations of the portfolio and are handled at the corporate level. This presentation focuses on the operational revenue generation and direct property operating costs of the acquired assets.

What is the significance of the unaudited pro forma financial information?

The unaudited pro forma financial information presents the company's financial position and results of operations as if certain transactions, primarily the acquisitions and debt offerings, had occurred at a specific point in the past. This helps investors understand the potential financial impact of these strategic moves on the company's overall financial statements.

PLD/PLDGP 8-K SEC Disclosure

Q: What is the primary purpose of this 8-K/A filing?

This filing is an amendment to a previous 8-K report and its primary purpose is to provide investors with audited financial statements and unaudited pro forma financial information for several real estate portfolios acquired by AMB Property, L.P. during 2000. This information was not included in the original filing.

Summary

This filing is an amendment to a prior 8-K for AMB Property Corporation, filed on December 13, 2000. It serves to include audited financial statements and unaudited pro forma financial information related to several real estate acquisitions made by AMB Property, L.P. during 2000. The acquired portfolios include J.A. Green, Magnum Realty Corp., Beacon Centre, AFCO, AFCO Investors, AFCO Cargo I Associates, and West Pac. The filing provides combined statements of revenues and certain expenses for each acquired portfolio, detailing rental revenues and specific operating expenses for periods in 1999 and 2000, along with future minimum rental income. It also includes unaudited pro forma financial statements, presenting condensed consolidated balance sheets and statements of operations, which adjust historical figures to reflect the impact of these acquisitions and other financing activities as if they occurred at specific prior dates. This information is crucial for investors to understand the financial performance and structure of these newly integrated assets and the overall company's pro forma financial position.

Key Highlights

1AMB Property Corporation (AMB) is filing an amendment to its 8-K to include audited financial statements and pro forma financial information for several acquired real estate portfolios.
2The filing details the combined statements of revenues and certain expenses for the J.A. Green, Magnum Realty Corp., Beacon Centre, AFCO, AFCO Investors, AFCO Cargo I Associates, and West Pac portfolios.
3Financials for the acquired portfolios cover periods in 1999 and 2000, with a focus on rental revenues and key operating expenses, excluding items like depreciation and interest expense.
4Future minimum rental income from non-cancelable leases for each portfolio is provided, offering insight into future revenue streams.
5Unaudited pro forma condensed consolidated financial statements are presented, showing the impact of these acquisitions and other transactions (like debt offerings) as if they occurred on specific past dates.
6The pro forma balance sheet as of September 30, 2000, reflects the acquisition of the AFCO Air Cargo Portfolio and a senior notes offering.
7Pro forma statements of operations for nine months ended September 30, 2000, and the year ended December 31, 1999, detail the combined financial impact of acquisitions and dispositions.

Prologis, Inc. 8-K/A Report (Dec 14, 2000)

Summary

Key Highlights

Frequently Asked Questions