Selected Quarterly Financial Data

12 Months Ended

Dec. 31, 2012

Selected Quarterly Financial Data

24. Selected Quarterly Financial Data (Unaudited)

Selected quarterly 2012 and 2011 data has been adjusted from previously disclosed amounts due to the disposal of properties in 2012 whose results of operations were reclassified to Discontinued Operations in our Consolidated Statements of Operations. The selected quarterly data was as follows (in thousands, except per share data):

	Three Months Ended,
REIT	March 31,			June 30,			September 30,			December 31,
2012:
Total revenues	$	480,875		$	503,110		$	504,419		$	517,557
Operating income (loss)	$	85,589		$	101,789		$	80,375		$	(159,306	)
Earnings (loss) from continuing operations	$	189,677		$	(11,442	)	$	(4,519	)	$	(266,918	)
Net earnings (loss) attributable to common stockholders	$	202,412		$	(8,119	)	$	(46,526	)	$	(228,713	)
Net earnings (loss) attributable to common stockholders - Basic (1)	$	0.44		$	(0.02	)	$	(0.10	)	$	(0.50	)
Net earnings (loss) attributable to common stockholders - Diluted (1)(2)	$	0.44		$	(0.02	)	$	(0.10	)	$	(0.50	)
2011(3):
Total revenues	$	222,084		$	310,326		$	462,141		$	456,777
Operating income (loss)	$	26,929		$	(50,833	)	$	78,286		$	49,651
Earnings (loss) from continuing operations	$	(53,807	)	$	(164,974	)	$	41,714		$	(90,123	)
Net earnings (loss) attributable to common stockholders	$	(46,616	)	$	(151,471	)	$	55,436		$	(45,459	)
Net earnings (loss) attributable to common stockholders - Basic (1)(4)	$	(0.18	)	$	(0.49	)	$	0.12		$	(0.10	)
Net earnings (loss) attributable to common stockholders - Diluted (1)(2)(4)	$	(0.18	)	$	(0.49	)	$	0.12		$	(0.10	)
Operating Partnership
2012:
Total revenues	$	480,875		$	503,110		$	504,419		$	517,557
Operating income (loss)	$	85,589		$	101,789		$	80,375		$	(159,306	)
Earnings (loss) from continuing operations	$	189,677		$	(11,442	)	$	(4,519	)	$	(266,918	)
Net earnings (loss) attributable to common unitholders	$	203,353		$	(8,173	)	$	(4,668	)	$	(229,610	)
Net earnings (loss) attributable to common unitholders - Basic (1)	$	0.44		$	(0.02	)	$	(0.10	)	$	(0.50	)
Net earnings (loss) attributable to common unitholders - Diluted (1)(2)	$	0.44		$	(0.02	)	$	(0.10	)	$	(0.50	)
2011(3):
Total revenues	$	222,084		$	310,326		$	462,141		$	456,777
Operating income (loss)	$	26,929		$	(50,833	)	$	78,286		$	49,651
Earnings (loss) from continuing operations	$	(53,807	)	$	(164,974	)	$	41,714		$	(90,123	)
Net earnings (loss) attributable to common stockholders	$	(46,616	)	$	(151,471	)	$	54,906		$	(45,278	)
Net earnings (loss) attributable to common unitholders - Basic (1)(4)	$	(0.18	)	$	(0.49	)	$	0.12		$	(0.10	)
Net earnings (loss) attributable to common unitholders - Diluted (1)(2)(4)	$	(0.18	)	$	(0.49	)	$	0.12		$	(0.10	)

(1) Quarterly earnings per common share amounts may not total to the annual amounts due to rounding and the changes in the number of weighted common shares outstanding and included in the calculation of diluted shares.

(2) In periods with a net loss, the inclusion of any incremental shares is anti-dilutive, and therefore, both basic and diluted loss per share is the same.

(3) Included in 2011 quarterly data is approximately one month of activity from the Merger and PEPR Acquisition in the period ended June 30, 2011 and a full period of activity in the periods ended September 30, 2011 and December 31, 2011. See Note 3 for more information.

(4) As a result of the Merger, each outstanding common share of ProLogis was converted into 0.4464 of a newly issued share of common stock of the REIT. Therefore, the historical ProLogis data related to quarterly earnings per common share for the periods ended before June 3, 2011 were adjusted by the Merger conversion ratio of 0.4464 and restated.