Stockholders' Equity of the REIT (Tables)

12 Months Ended

Dec. 31, 2013

Equity [Abstract]

Gross Proceeds and Issued Shares of Common Stock

Under these plans, we received gross proceeds and issued shares of common stock as follows for the years ended December 31 (in thousands),

	2013		2012		2011
Gross proceeds received	$	22,410	$	30,980	$	749
Shares of common stock issued		1,358		2,258		793

Schedule of Preferred Stock

We had the following preferred stock issued and outstanding as of December 31 (in thousands):

	2013		2012
Series L	$	-	$	49,100
Series M		-		57,500
Series O		-		75,300
Series P		-		50,300
Series Q		100,000		100,000
Series R		-		125,000
Series S		-		125,000
Total preferred stock	$	100,000	$	582,200

Equity Securities Distributions Paid or Payable Per Unit

The following summarizes the taxability of our common and preferred stock dividends for the years ended December 31:

	2013 (1)		2012		2011
Common Stock: (2)
Ordinary income	$	-	$	0.38	$	0.07
Qualified dividend		-		0.20		0.01
Capital gains		1.12		0.54		0.84
Return of capital		-		-		0.14
Total distribution	$	1.12	$	1.12	$	1.06
Preferred Stock - Series L (3):
Ordinary income	$	-		0.55		0.15
Qualified dividend		-		0.28		-
Capital gains		0.41		0.80		1.07
Total dividend	$	0.41		1.63		1.22
Preferred Stock - Series M (3):
Ordinary income	$	-		0.57		0.15
Qualified dividend		-		0.30		-
Capital gains		0.42		0.82		1.11
Total dividend	$	0.42		1.69		1.26
Preferred Stock - Series O (3):
Ordinary income	$	-		0.59		0.16
Qualified dividend		-		0.31		-
Capital gains		0.44		0.85		1.15
Total dividend	$	0.44		1.75		1.31
Preferred Stock - Series P (3):
Ordinary income	$	-		0.58		0.15
Qualified dividend		-		0.30		-
Capital gains		0.43		0.83		1.13
Total dividend	$	0.43		1.71		1.28
Preferred Stock - Series Q (4):
Ordinary income	$	-	$	1.44	$	0.38
Qualified dividend		-		0.75		0.04
Capital gains		4.27		2.08		3.85
Total dividend	$	4.27	$	4.27	$	4.27
Preferred Stock - Series R (4):
Ordinary income	$	-	$	0.57	$	0.15
Qualified dividend		-		0.30		0.02
Capital gains		0.42		0.82		1.52
Total dividend	$	0.42	$	1.69	$	1.69
Preferred Stock - Series S (4):
Ordinary income	$	-	$	0.57	$	0.15
Qualified dividend		-		0.30		0.02
Capital gains		0.42		0.82		1.52
Total dividend	$	0.42	$	1.69	$	1.69

(1) Taxability for 2013 is estimated.

(2) The historical shares were adjusted by the Merger exchange ratio of 0.4464.

(3) Represents the dividends paid since the Merger.

(4) Upon completion of the Merger, each outstanding Series C, F and G Cumulative Redeemable Preferred Share of beneficial interest in ProLogis was exchanged for a newly issued share of Cumulative Redeemable Preferred Stock, Series Q, R and S, respectively.