AMB Property Corporation® today announced the tax treatment of its 2009 distributions on its Common Stock , 6.5% Series L Cumulative Redeemable Preferred Stock , 6.75% Series M Cumulative Redeemable Preferred Stock , 7.0% Series O Cumulative Redeemable Preferred Stock , and 6.85% Series P Cumulative Redeemable Preferred Stock .

For holders of AMB Property Corporation® common stock, the 2009 dividend of $1.12 per share includes three quarterly distributions declared and paid in 2009, and one quarterly distribution declared in 2009 and paid in 2010.

These distributions are classified for income tax purposes as follows: $0.724 per share (64.63%) is classified as an Ordinary Taxable Dividend and $0.396 per share (35.37%) is classified as a Capital Gain Dividend on the 2009 Form 1099-DIV.

For the company's 6.5% Series L Cumulative Redeemable Preferred Stock , the company's reportable 2009 dividends totaling $1.625 per share are classified for income tax purposes as follows: $1.050 per share (64.63%) is classified as an Ordinary Taxable Dividend and $0.575 per share (35.37%) is classified as a Capital Gain Dividend on the 2009 Form 1099-DIV.

For the company's 6.75% Series M Cumulative Redeemable Preferred Stock , the company's reportable 2009 dividends totaling $1.6875 per share are classified for income tax purposes as follows: $1.0907 per share (64.63%) is classified as an Ordinary Taxable Dividend and $0.5968 per share (35.37%) is classified as a Capital Gain Dividend on the 2009 Form 1099-DIV.

For the company's 7.0% Series O Cumulative Redeemable Preferred Stock , the company's reportable 2009 dividends totaling $1.750 per share are classified for income tax purposes as follows: $1.131 per share (64.63%) is classified as an Ordinary Taxable Dividend and $0.619 per share (35.37%) is classified as a Capital Gain Dividend on the 2009 Form 1099-DIV.

For the company's 6.85% Series P Cumulative Redeemable Preferred Stock , the company's reportable 2009 dividends totaling $1.7125 per share are classified for income tax purposes as follows: $1.1068 per share (64.63%) is classified as an Ordinary Taxable Dividend and $0.6057 per share (35.37%) is classified as a Capital Gain Dividend on the 2009 Form 1099-DIV.

The tables below summarize the income tax treatment of the company's 2009 dividends:

  2009 Dividend Tax Reporting Information (Form 1099-DIV)





  AMB Property Corporation
  Common Stock
  CUSIP # 00163T109
  Ticker Symbol: AMB


                                                                     2009
                                                  2009             Ordinary
                                                  Cash             Taxable
                                                Dividend           Dividend
   Declaration     Record       Payable          ($ per            ($ per
   Dates            Dates        Dates             share)            share)
  -----------      ------       -------          --------           --------
    2/26/2009      4/6/2009    4/15/2009        $0.280000          $0.180973
    ---------      --------    ---------        ---------          ---------
    6/8/2009       7/6/2009    7/15/2009        $0.280000          $0.180973
    --------       --------    ---------        ---------          ---------
    9/22/2009     10/5/2009   10/15/2009        $0.280000          $0.180973
    ---------     ---------   ----------        ---------          ---------
   12/10/2009    12/23/2009     1/7/2010        $0.280000          $0.180973
   ----------    ----------     --------        ---------          ---------
               2009 Totals                      $1.120000          $0.723892
   -------------------------------------        ---------          ---------

                                                                 2009 25%
                                                               Capital Gain
                                                 2009          (unrecaptured
                                                  15%             Section
                                                  Capital          1250
                                                  Gain             Gain)
   Declaration     Record      Payable          ($ per            ($ per
   Dates            Dates       Dates            share)           share)
  -----------      ------      -------           -------          ---------
    2/26/2009      4/6/2009   4/15/2009         $0.071876         $0.027151
    ---------      --------   ---------         ---------         ---------
    6/8/2009       7/6/2009   7/15/2009         $0.071876         $0.027151
    --------       --------   ---------         ---------         ---------
    9/22/2009     10/5/2009  10/15/2009         $0.071876         $0.027151
    ---------     ---------  ----------         ---------         ---------
   12/10/2009    12/23/2009    1/7/2010         $0.071876         $0.027151
   ----------    ----------    --------         ---------         ---------
               2009 Totals                      $0.287504         $0.108604
   ------------------------------------         ---------         ---------





  AMB Property Corporation
  Series L Cumulative Redeemable Preferred Stock
  CUSIP # 00163T307
  Ticker Symbol: AMB.PrL

                                                                 2009
                                               2009             Ordinary
                                               Cash             Taxable
                                              Dividend          Dividend
   Declaration    Record     Payable          ($ per            ($ per
   Dates           Dates      Dates             share)            share)
  -----------     ------     -------          ---------          --------
   11/17/2008    1/5/2009    1/15/2009        $0.406250          $0.262573
   ----------    --------    ---------        ---------          ---------
    2/26/2009    4/6/2009    4/15/2009        $0.406250          $0.262573
    ---------    --------    ---------        ---------          ---------
    6/8/2009     7/6/2009    7/15/2009        $0.406250          $0.262573
    --------     --------    ---------        ---------          ---------
    9/22/2009   10/5/2009   10/15/2009        $0.406250          $0.262573
    ---------   ---------   ----------        ---------          ---------
              2009 Totals                     $1.625000          $1.050292
  ------------------------------------         ---------         ---------

                                                                 2009 25%
                                                                 Capital
                                                  2009             Gain
                                                   15%         (unrecaptured
                                                 Capital         Section
                                                  Gain          1250 Gain)
   Declaration    Record      Payable            ($ per           ($ per
   Dates          Dates        Dates              share)           share)
   -----------   ------       -------            -------         ---------
   11/17/2008    1/5/2009    1/15/2009          $0.104284        $0.039393
   ----------    --------    ---------          ---------        ---------
    2/26/2009    4/6/2009    4/15/2009          $0.104284        $0.039393
    ---------    --------    ---------          ---------        ---------
    6/8/2009     7/6/2009    7/15/2009          $0.104284        $0.039393
    --------     --------    ---------          ---------        ---------
    9/22/2009   10/5/2009   10/15/2009          $0.104284        $0.039393
    ---------   ---------   ----------          ---------        ---------
              2009 Totals                       $0.417136        $0.157572
    ----------------------------------          ---------        ---------




  AMB Property Corporation
  Series M Cumulative Redeemable Preferred Stock
  CUSIP # 00163T406
  Ticker Symbol: AMB.PrM
                                                       2009
                                                      Ordinary
                                          2009 Cash   Taxable
                                          Dividend    Dividend
   Declaration   Record     Payable       ($ per      ($ per
   Dates         Dates      Dates         share)       share)
  -----------   ------     -------       ---------    --------
   11/17/2008    1/5/2009    1/15/2009   $0.421875    $0.272672
   ----------    --------    ---------   ---------    ---------
    2/26/2009    4/6/2009    4/15/2009   $0.421875    $0.272672
    ---------    --------    ---------   ---------    ---------
    6/8/2009     7/6/2009    7/15/2009   $0.421875    $0.272672
    --------     --------    ---------   ---------    ---------
    9/22/2009   10/5/2009   10/15/2009   $0.421875    $0.272672
    ---------   ---------   ----------   ---------    ---------
              2009 Totals                $1.687500    $1.090688
    ----------------------------------   ---------    ---------

                                                        2009  25%
                                                        Capital
                                                          Gain
                                          2009 15%    (unrecaptured
                                          Capital       Section
                                          Gain ($      1250 Gain)
   Declaration   Record     Payable        per          ($ per
   Dates          Dates      Dates        share)          share)
  -----------     ------     -------      ---------    -------------
   11/17/2008    1/5/2009    1/15/2009   $0.108295       $0.040908
   ----------    --------    ---------   ---------       ---------
    2/26/2009    4/6/2009    4/15/2009   $0.108295       $0.040908
    ---------    --------    ---------   ---------       ---------
    6/8/2009     7/6/2009    7/15/2009   $0.108295       $0.040908
    --------     --------    ---------   ---------       ---------
    9/22/2009   10/5/2009   10/15/2009   $0.108295       $0.040908
    ---------   ---------   ----------   ---------       ---------
              2009 Totals                $0.433180       $0.163632
    ----------------------------------   ---------       ---------






  AMB Property Corporation
  Series O Cumulative Redeemable Preferred Stock
  CUSIP # 00163T505
  Ticker Symbol: AMB.PrO
                                                        2009
                                                       Ordinary
                                         2009 Cash     Taxable
                                          Dividend     Dividend
   Declaration   Record      Payable      ($ per       ($ per
   Dates          Dates       Dates        share)       share)
  -----------    ------      -------      ----------   --------
   11/17/2008    1/5/2009    1/15/2009    $0.437500    $0.282771
   ----------    --------    ---------    ---------    ---------
    2/26/2009    4/6/2009    4/15/2009    $0.437500    $0.282771
    ---------    --------    ---------    ---------    ---------
    6/8/2009     7/6/2009    7/15/2009    $0.437500    $0.282771
    --------     --------    ---------    ---------    ---------
    9/22/2009   10/5/2009   10/15/2009    $0.437500    $0.282771
    ---------   ---------   ----------    ---------    ---------
              2009 Totals                 $1.750000    $1.131084
    ----------------------------------    ---------    ---------

                                                        2009  25%
                                                        Capital
                                                         Gain
                                         2009 15%    (unrecaptured
                                         Capital        Section
                                          Gain ($      1250 Gain)
   Declaration    Record     Payable        per         ($ per
   Dates           Dates      Dates        share)         share)
  -----------     ------     -------      ---------    -------------
   11/17/2008    1/5/2009    1/15/2009   $0.112305       $0.042424
   ----------    --------    ---------   ---------       ---------
    2/26/2009    4/6/2009    4/15/2009   $0.112305       $0.042424
    ---------    --------    ---------   ---------       ---------
    6/8/2009     7/6/2009    7/15/2009   $0.112305       $0.042424
    --------     --------    ---------   ---------       ---------
    9/22/2009   10/5/2009   10/15/2009   $0.112305       $0.042424
    ---------   ---------   ----------   ---------       ---------
              2009 Totals                $0.449220       $0.169696
              -----------                ---------       ---------





  AMB Property Corporation
  Series P Cumulative Redeemable Preferred Stock
  CUSIP # 00163T604
  Ticker Symbol: AMB.PrP

                                                         2009
                                                        Ordinary
                                           2009 Cash    Taxable
                                           Dividend     Dividend
   Declaration    Record     Payable       ($ per       ($ per
   Dates          Dates       Dates         share)       share)
  -----------     ------     -------      ----------   --------
   11/17/2008    1/5/2009    1/15/2009    $0.428125    $0.276712
   ----------    --------    ---------    ---------    ---------
    2/26/2009    4/6/2009    4/15/2009    $0.428125    $0.276712
    ---------    --------    ---------    ---------    ---------
    6/8/2009     7/6/2009    7/15/2009    $0.428125    $0.276712
    --------     --------    ---------    ---------    ---------
    9/22/2009   10/5/2009   10/15/2009    $0.428125    $0.276712
    ---------   ---------   ----------    ---------    ---------
              2009 Totals                 $1.712500    $1.106848
    ----------------------------------    ---------    ---------

                                                        2009  25%
                                                         Capital
                                                          Gain
                                          2009 15%    (unrecaptured
                                          Capital        Section
                                          Gain ($       1250 Gain)
   Declaration    Record     Payable        per          ($ per
   Dates           Dates      Dates        share)         share)
  -----------     ------     -------      ---------    -------------
   11/17/2008    1/5/2009    1/15/2009   $0.109899       $0.041514
   ----------    --------    ---------   ---------       ---------
    2/26/2009    4/6/2009    4/15/2009   $0.109899       $0.041514
    ---------    --------    ---------   ---------       ---------
    6/8/2009     7/6/2009    7/15/2009   $0.109899       $0.041514
    --------     --------    ---------   ---------       ---------
    9/22/2009   10/5/2009   10/15/2009   $0.109899       $0.041514
    ---------   ---------   ----------   ---------       ---------
              2009 Totals                $0.439596       $0.166056
    ----------------------------------   ---------       ---------

  AMB Property Corporation.® Local partner to global trade.(TM)

AMB Property Corporation® is a leading owner, operator and developer of global industrial real estate, focused on major hub and gateway distribution markets in the Americas, Europe and Asia. As of September 30, 2009, AMB owned, or had investments in, on a consolidated basis or through unconsolidated joint ventures, properties and development projects expected to total approximately 156.1 million square feet (14.5 million square meters) in 47 markets within 14 countries. AMB invests in properties located predominantly in the infill submarkets of its targeted markets. The company's portfolio comprises High Throughput Distribution® facilities--industrial properties built for speed and located near airports, seaports and ground transportation systems.

AMB's press releases are available on the company website at www.amb.com or by contacting the Investor Relations department at +1 415 394 9000.

First Call Analyst: Robinson, Victoria
FCMN Contact: [email protected]

SOURCE: AMB Property Corporation

CONTACT: AMB, Tracy A. Ward, Vice President, IR & Corporate
Communications of AMB, +1-415-733-9565, [email protected]

Media contact & resources

Jennifer Nelson

VP, Head of Global Corporate Communications
+1 (415) 733 9409
[email protected]
San Francisco, California USA

Corporate Profile

Older Press Release
AMB Property Corporation(R) to Announce Fourth Quarter 2009 Results on February 2, 2010
Newer Press Release
AMB Property Corporation(R) to Participate in the Deutsche Bank 2010 Real Estate Outlook Conference
Park Grande, Building

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