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AMB Property Corporation
AMB Property Corporation Provides Update for the Fourth Quarter and Year-End 2008 Results
February 6th, 2009
AMB Property Corporation(R) (NYSE:AMB) announced that it will incur charges in the fourth quarter 2008 related to the valuation of its development program as well as its recently completed reduction in personnel. The company also provided updates on its fourth quarter 2008 development gains, leasing, and financing activity. "As previously outlined, our top two priorities are to further strengthen our balance sheet and reduce our cost structure so that it is in line with our current business plan. We continue to manage the company for the long term and the actions we have taken in the fourth quarter put us in a strong position to meet the challenges presented by a...
Source: Health Business Week (2009-02-06)
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