#1INVESTOR RELATIONS 63 VYGU Citi Global Property CEO Conference Hollywood, FL March 7-9, 2022 PROLOGIS Prologis Park Moissy, DC II France. The world's first logistics facility to be certified Zero Carbon by ILFI.#2Forward-looking statements PROLOGIS This presentation includes certain terms and non-GAAP financial measures that are not specifically defined herein. These terms and financial measures are defined and, in the case of the non-GAAP financial measures, reconciled to the most directly comparable GAAP measure, in our fourth quarter Earnings Release and Supplemental Information that is available on our investor relations website at www.ir.prologis.com and on the SEC's website at www.sec.gov. - The statements in this document that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which we operate as well as management's beliefs and assumptions. Such statements involve uncertainties that could significantly impact our financial results. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," and "estimates," including variations of such words and similar expressions, are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future including statements relating to rent and occupancy growth, development activity, contribution and disposition activity, general conditions in the geographic areas where we operate, our debt, capital structure and financial position, our ability to form new co-investment ventures and the availability of capital in existing or new co-investment ventures ― are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and, therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) national, international, regional and local economic and political climates; (ii) changes in global financial markets, interest rates and foreign currency exchange rates; (iii) increased or unanticipated competition for our properties; (iv) risks associated with acquisitions, dispositions and development of properties; (v) maintenance of real estate investment trust status, tax structuring and changes in income tax laws and rates; (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings; (vii) risks related to our investments in our co-investment ventures, including our ability to establish new co-investment ventures; (viii) risks of doing business internationally, including currency risks; (ix) environmental uncertainties, including risks of natural disasters; and (x) those additional factors discussed in reports filed with the Securities and Exchange Commission by us under the heading "Risk Factors." We undertake no duty to update any forward-looking statements appearing in this document except as may be required by law. This document shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended. 2#3SECTION 01 Structural Forces Shaping Logistics Real Estate Megatrends at early stage with significant runway ahead PROLOGIS 3#4INVESTOR RELATIONS Resilience is essential to the future supply chain PROLOGIS GLOBAL SCHEDULE RELIABILITY¹ % of ocean liners arriving on schedule 90 80 70 Л 60 60 50 50 40 40 30 20 20 10 0 2018 19 U.S. INVENTORY TO SALES RATIO, RETAILERS² ratio 1.7 1.6 1.5 1.4 1.3 1.2 1.1 1 0.9 20 2021 1992 95 Inventories need to increase by at least 15%³ resulting in 800MSF+ of incremental demand Pre-pandemic 00 00 05 10 15 2020 3. Prologis Research forecasts 10% more inventory to reach historical levels, and at least an incremental 5% of safety stock inventory. We believe there is opportunity for further resilience to be built into supply chain. An incremental 15% safety stock on top of the 10% to reach historical levels would result in 1.4BSF in the U.S. 1 3 2. 1. Source: Sea-Intelligence. Data through year end 2021. Source: U.S. Census Bureau. 4#5INVESTOR RELATIONS Technology and demographics are transforming retail PROLOGIS E-COMMERCE SALES, GLOBAL¹ $, trillions 4.0 26.4 3.5 25.0 23.6 22.2 3.0 21.0 2.5 2.0 1.5 1.0 3.6 0.5 0.0 2010 12 14 16 18 20 22F 2024F 1. Source: Euromonitor, Prologis Research. 2. Source: Internet Retailer, company 2020 10K filings, Prologis Research. 3. Growth from 2010 through 2025. Based on PLD Research's forecast. E-COMMERCE SUPPLY CHAIN EFFICIENCY² SALES GROWTH³ 2010-2025F SALES US$, B SPACE MSF EFFICIENCY SF / $1B Online +1,020% 234 265 15 1,174K ± 3x Brick-and- mortar +16% 1,343 449 334K 5#6INVESTOR RELATIONS PROLOGIS Generating unprecedented demand and record rent growth NET ABSORPTION, GLOBAL¹ MSF 800 600 400 200 0 RENT GROWTH, GLOBAL² % 20% 15% 10% 5% THE 0% -5% -10% -15% -200 -20% 2007 09 11 13 15 17 19 21 22F 2007 09 11 13 15 17 US Europe China Japan Mexico Source: CBRE, CBRE-EA, JLL, Colliers, Gerald Eve, C&W and Fraunhofer. Prologis Research. 1. 2. Net absorption and rent growth in Prologis' markets globally. The data above is based on our proprietary Prologis Logistics Rent Index. To create the index, Prologis Research combines the company's local insights on market pricing dynamics with data from our global portfolio. Rental rates are weighted averages based on estimates of market revenue. At PLD share. 1992 21 22F 6#7INVESTOR RELATIONS At the same time, barriers to supply are increasing REPLACEMENT COST, U.S. 1,2 $/SF 160 140 120 Nominal 100 80 +25% REPLACEMENT COST GROWTH BY REGION in 2020 and 2021 GROWTH 20213 % LAND VALUE (Y/Y) % CONSTRUCTION (Y/Y) PROLOGIS % REPLACEMENT COSTS (Y/Y) U.S. 50% 25% 33% Europe 40% 20% 24% Mexico 25% 25% 25% 60 Inflation adjusted 40 Japan 6% 10% 9% 20 0 1998 00 02 04 06 08 10 12 14 16 18 2020 Source: Prologis Research estimates based upon Turner Construction, Engineering News Record, Prologis Research. Note: Inflation-adjusted is in 1998 dollars. 1. 2. 3. Source: Prologis. China 7% 7% 7% 7#8100 SECTION 02 www PROLOGIS Prologis Park Venlo, Venlo, the Netherlands Prologis: A differentiated investment opportunity 8#9INVESTOR RELATIONS Multiple differentiators define one great business The foundation: premier real estate platform World's top consumption markets க Operations Essentials Energy Essentials PROLOGIS Global land bank Customer-first mindset Strategic Capital franchise الأس Ultra efficient cost structure $ Workforce Essentials Transportation/EV Essentials Scale fuels the future: Beyond the real estate Digital Essentials High-quality cash flow / earnings Global leader in ESG Global procurement platform Prologis Ventures 9#10INVESTOR RELATIONS Unrivaled scale where consumption is highest.... PROLOGIS $215B Assets under management PLD NYSE, S&P 500 member, #71 1.0 BSF On four continents 19 countries A3/A- Credit rating U.S. 609 MSF 3,275 Buildings 5,044 Acres 5,800 Customers 15% Global goods consumption 1983 Founded $26.4B Build out of land bank (TEI) OTHER AMERICAS 72 MSF 308 Buildings 1,600 Acres EUROPE 215 MSF 891 Buildings 2,744 Acres ASIA 105 MSF 261 Buildings 150 Acres Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. Data as of December 31, 2021, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.0 billion square feet (93 million square meters) in 19 countries. 10#11INVESTOR RELATIONS ...and offers our customers ultimate flexibility PROLOGIS Seattle PLD: 22 MSF Peers: 2 MSF Portland PLD: 6 MSF Peers: 0.5 MSF Idaho PLD: 0 MSFA Peers: 1 MSF Central Valley PLD: 21 MSF Peers: 3 MSF Reno PLD: 6 MSF Peers: 0.3 MSF SF Bay Area Inland Empire PLD: 28 MSF Peers: 2 MSF PLD: 64 MSF Peers: 13 MSF LA County PLD: 41 MSF Peers: 7 MSF San Diego PLD: 0.4 MSF Peers: 3 MSF Las Vegas PLD: 13 MSF Peers: 1 MSF Prologis Other National Logistics REITS Phoenix PLD: 12 MSF Peers: 8 MSF Minnesota PLD: 0 MSF Wisconsin Peers: 11 MSF PLD: 0 MSF Peers: 6 MSF Chicago. Denver PLD: 9 MSF Peers: 5 MSF Nebraska PLD: 0 MSF Peers: 1 MSF Iowa PLD: 0 MSF Peers: 1 MSF PLD: 65 MSF Peers: 27 MSF Michigan PLD: 0 MSF Peers: & MSF Pennsylvania PLD: 50 MSF Peers: 20 MSF Columbus PLD: 6 MSF Peers: 14 MSF Maine PLD: 0 MSF Peers: 1 MSF Massachusetts PLD: 0 MSF Peers: 1 MSF New Jersey-New York City PLD: 43 MSF Peers: 8 MSF Kansas PLD: 0 MSF Peers: 1 MSF Dallas PLD: 43 MSF Peers: 24 MSF Austin PLD: 3 MSF Peers: 1 MSF San Antonio PLD: 5 MSF Peers: 4 MSF Missouri PLD: 0 MSF Peers: 1 MSF 0 Oklahoma PLD: 0 MSF Peers: 1 MSF Arkansas Indianapolis PLD: 10 MSF Peers: 17 MSF PLD: 0 MSF Peers: 1 MSF Louisiana PLD: 0 MSF Peers: 1 MSF Houston PLD: 32 MSF Peers: 19 MSF Louisville O PLD: 8 MSF Peers: 1 MSF Nashville PLD: 11 MSF Peers: 6 MSF Alabama PLD: 0 MSF Peers: 1 MSF Cincinnati PLD: 11 MSF Peers: 12 MSF Atlanta PLD: 34 MSF Peers: 23 MSF Charlotte PLD: 11 MSF Peers: 10 MSF South Carolina PLD: 0 MSF Peers: 10 MSF Central Florida PLD: 14 MSF Peers: 17 MSF Baltimore-Washington DC PLD: 19 MSF Peers: 9 MSF South Florida PLD: 22 MSF Peers: 11 MSF Scale also provides: • . Higher transactions volumes translate to unparalleled market knowledge Drives property management and overhead synergies • Greater visibility into emerging land and deployment opportunities Source: Company filings as of December 31, 2021, Prologis Research. Prologis reflects Owned & Managed portfolio. JV development data unavailable for certain companies, therefore information with respect to those companies includes CBRE and CoStar data. * Other National Logistics REITs include DRE, EGP, FR and STAG. 11#12INVESTOR RELATIONS Located in the right markets and the right buildings CORRELATION OF YEAR BUILT AND RENT CHANGE ON ROLLOVER¹ Net effective rent by transaction, last five years, U.S. portfolio 2020 2010 2000 1990 1980 1970 1960 PROLOGIS 1950 -50% -40% -30% -20% -10% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Source: Prologis * Data as of December 31, 2021 1. PLD U.S. portfolio. Denotes average net effective rent change by decade of asset built 22 12#13INVESTOR RELATIONS Delivering superior growth... RENT CHANGE ON ROLLOVER, BY U.S. MARKET¹ Net effective rent, last five years 75% 50% 25% 0% Low barrier High barrier - Average Source: Prologis *Data as of December 31, 2021 1. PLD top 30 U.S. MSAs ordered by Rent Change on Rollover. 2. Submarket pairs include 10 unique pairs across PLD's major Global markets. 3. Simple average. 27% PROLOGIS RENT CHANGE, HIGH GROWTH VS. LOW GROWTH SUBMARKET PAIRS² % Rent change on roll by global submarket pairs over last 5 years 14% outperformance³ 40% 20% 0% High barrier Low barrier 13#14INVESTOR RELATIONS ...and driving sector-leading same store NOI growth %, CASH SSNOI GROWTH Last 5 years¹ PLD Other National Logistics REITS³ 12 1. 2. 3. PLD U.S. 0% 1% 2% 3% 4% 5% 6% %, NET EFFECTIVE SSNOI GROWTH Last 3 years² PLD Other National Logistics REITS³ PLD U.S. 0% 1% 2% 3% 4% 5% PROLOGIS Prologis U.S. outperformed the other national logistics REITs³ by nearly 200 BPS Cash SSNOI over the last 5 years Prologis U.S. outperformed the other national logistics REITs³ by nearly 160 BPS Net Effective SSNOI over the last 3 years 36% lease mark-to-market could produce 5.50% to 7.0% average net effective SSNOI over next 5 years with limited rent growth Simple average of the quarterly Cash SSNOI growth from Q1 2017 - Q4 2021. Net Effective SSNOI uses a 3 year period versus 5 given availability of disclosure with other U.S. logistics REITs. Simple average of the quarterly net effective SSNOI growth from Q1 2019 - Q4 2021. Our U.S. 5 year net effective SSNOI average was 5.3% as of Q4 2021. Other National Logistics REITs include DRE, EGP, FR and STAG, all of which, along with PLD, joined together in 2018 to establish consistent non-GAAP operating metrics such as SSNOI. link to PR 14 14#15INVESTOR RELATIONS 20 years of sourcing extraordinary risk-adjusted returns Prologis development track record $38.2B Investment 479M SF IN THE U.S. OUTSIDE THE U.S. $10.3B 163M $2.8B $27.9B 316M $9.7B $6.9B Value Creation¹ (29%) (71%) 25.5% Margin 27.7% 24.8% Note: Data based on development activity from 2001 through 2021. Value Creation is calculated as the amount by which our value exceeds our TEI and does not include any fees or promotes we may earn. PROLOGIS Prologis Gateway Park, San Francisco, California. 15#16INVESTOR RELATIONS ...with a significant, development-ready land portfolio PROLOGIS Seattle $470 Portland $429 Sweden $25 Toronto $611 Chicago $370 Reno Central $45 Denver $39 Valley $2,533 Las Vegas $452 Central PA $92 UK Netherlands NY/NJ/Lehigh $988 $3,328 $249 Indianapolis O Germany Poland $437 $7 Baltimore $162 $1,264 Czech $92 SFBA $1,654 Phoenix $208 Dallas $808 Atlanta $219 Charlotte $138 Belgium $142 Houston SoCal $4,499 $209 Orlando France $935 Slovakial $230 Hungary $99 Tampa $21 $122 Miami $297 Mexico $1,219 Italy $206 $624 Brazil $357 Spain Japan $1,050 Embedded growth: • . 10,700 acres and potential TEI of $26.4B¹ With an overweight to the markets that matter most · CLP's² are generating stabilized yield of 5.0% Note: Land data as of December 31, 2021. Land values in above bubble map are in $ millions and represent estimated TEI by market. Owned & Managed. 1. 2. These assets are currently in either Operating Portfolio, Value-Added Properties or Other Real Estate Investments. Covered Land (Plays) are acquisitions of income generating assets with the intention to redevelop for higher and better use. 16#17INVESTOR RELATIONS PROLOGIS Long-term partner with the world's leading private investors PROLOGIS CO-INVESTMENT VENTURES PERFORMANCE VS. BENCHMARKS5 Average annual performance5, last 5 years 20% 18% 16% 14% 12% 10% 8% 6% +162 Tops I Prologis Co-investment Ventures4 Benchmark4 +72 • • • bps . ~60% of our investors' capital is invested in more than one Prologis fund¹ Prologis significant co- investor, ~32%² average ownership (15-55%) Fund partners are long- term (avg length 11 years) Equity raises exceed redemptions by ratio of 11:13 9 funds; 94.9% infinite-life 4% 2% 0% U.S. 1234 2. 1. Based on invested capital and excludes Prologis investment. Ownership percentage weighted on AUM. 3. Ratio includes open-end vehicle only, since first vehicle inception in 2004. 4. NPI Industrial used as US Benchmark. MSCI Europe used as Europe Benchmark. 5. Europe Performance measured as average annualized property level unlevered time- weighted return performance, from December 2016 through December 2021. Europe returns are as of 12/31/20, the date the most recent comparative benchmarks are available. 17#18INVESTOR RELATIONS Perpetual-life ventures produce durable cash flow PROLOGIS 100 GROWTH IN THIRD-PARTY AUM¹ $ in Billions $ in Millions 400 GROWTH IN THIRD-PARTY FEE RELATED EARNINGS 50 18% AUM GROWTH CAGR 300 24% FRE CAGR 200 100 0 0 2014 15 16 17 18 19 20 21 2014 15 16 17 18 19 20 21 GROWTH IN THIRD-PARTY FEE REVENUE² $ in Millions NET PROMOTE INCOME³ $ in Millions 500 400 300 19% FEE REVENUE CAGR 500 400 300 200 100 200 100 0 0 2014 15 16 17 18 19 20 21 17 18 19 20 20 21 22E Fee growth significantly outpaces expense growth • 80% margin on fee related revenues Asset values marked-to- market every quarter with fees based on market appraisals Promotes provide additional revenue, averaging 20bps of third- party AUM per year, historically ~70% of third-party AUM is promotable AUM (fee earning) represents estimated fair value of real estate owned by third-parties and managed by Prologis through both our consolidated and unconsolidated entities, calculated by adding investment capacity and the third-party investors' share of the estimated fair value of assets in co-investment ventures. 1. 23 2. 3. Promotes are net of expenses. 2022 is based on full year net promote guidance. Third-party fees Include asset management and related transactional fees. Q4 annualized numbers for each respective period. 18#19INVESTOR RELATIONS We're relentless about continuous improvement ADJUSTED G&A¹% OF GROSS BOOK VALUE AUM² % 0.90% 0.80% 0.70% 2021 G&A¹ % OF MARKET VALUE AUM³ FMV³ bps 250 40 bps 35 bps 200 30 bps 0.60% 25 bps 150 0.50% 20 bps 17 0.40% 100 15 bps 0.30% 0.20% 0.10% 10 bps 50 5 bps 0 0.00% 0 bps 2011 2013 2015 2017 2019 2021 34 PLD Other National Logistics REITS4 *Data as of December 31, 2021. Total AUM based on Fair Market Value and Adjusted G&A as % of AUM based on book value. Adjusted G&A takes net TTM G&A expense each year plus TTM strategic capital expenses less TTM strategic capital property management expenses. Total AUM based on fair market value and Adjusted G&A as % of AUM based on Book Value AUM. 1. 2. 3. Market value AUM is total enterprise value plus JV debt. 4. Other National Logistics REITs include DRE, EGP, FR and STAG. PROLOGIS • • Early investments in technology infrastructure and synergies from strategic acquisitions Reduced G&A as % of AUM from 85bps to 36bps since 2011 Most efficient despite investments in innovation and new lines of business Efficiently outpacing the other logistics REITs4 by 16bps 19#20INVESTOR RELATIONS ...and maintaining maximum financial flexibility PROLOGIS DEBT METRICS - Q4 2021 Debt as % of Gross Market Cap* 13.5% PROLOGIS Debt/ Adjusted-EBITDA* 4.2X Fixed Charge Coverage Ratio* 13.4X • • • +$15B of dry powder across PLD and our open-ended ventures Weighted average debt cost 140bps lower and 3 years longer than other logistics REITS 2,3 Strong preference for green financings with 19 issuances to date A3/A (positive outlook) rated by Moody's/S&P4 USD Net Equity Exposure 94% Liquidity $5.0B Investment Capacity ~$15.5B 1 *This is a non-GAAP financial measure. 1. 2. 3. 4. Includes leverage capacity of Prologis and its open-ended vehicles as well as a reduction in our ownership interest in our PELF and USLF ventures down to 15%. Other National Logistics REITs include DRE, EGP, FR and STAG. A securities rating is not a recommendation to buy, sell or hold securities and is subject to revision or withdrawal at any time by the rating agency. Data as of December 31, 2021. Weighted on market cap. 20#21INVESTOR RELATIONS Global platform produces greater returns COMPONENTS OF INCREMENTAL ROE¹ % U.S. Total Return Total Return Outside the U.S. 0% PROLOGIS 12% + Fees + Value Creation Less Net G&A + Benefit of Financing Globally and Other 16% Higher Fees Utilization of Strategic Capital is higher outside the U.S. where >90% of assets are held in ventures that generate fees and promotes Superior Value Creation 75% of development occurs outside the U.S. where margins have typically been 100-200 bps higher • Value creation more than offsets incremental G&A Attractive Cost of Capital Access to global capital markets enables us to finance outside the U.S. where interest rates are ~150 bps lower on average 5% 10% 15% Note: Total Return on Equity Includes NOI, asset management fees, net promotes and value creation based on 2021, less estimated costs to run the platform and estimated interest expense, divided by gross book equity value as of December 31, 2021. 1. Includes taxes, co-investment venture G&A, non-real estate depreciation and difference in NOI returns based on 2021. 21 21#22INVESTOR RELATIONS PROLOGIS Creating value beyond real estate Integrating state-of-the art innovation and technologies across all segments of fulfillment ENERGY OPERATIONS One-Time Services Moving & Relocation Lighting Alarms* • SolarSmart . Electric • Plumbing ⚫ Locksmith Recurring Services ⚫ HVAC • Smart Lighting • In-Platform LED • Smart Metering • • Energy Efficiency Retrofits EV Charging Energy Storage / Resale Carbon Offsets* PROLOGIS ESSENTIALS • • WORKFORCE Prologis Academy Prologis CWI Training & Certification Productivity & Safety Wearables • Warehouse Robotics Talent Hiring & Retention Platform TRANSPORTATION • Autonomous • Yard Trucks* Freight Marketplace* • Last Mile Routing* Fleet Management* DIGITAL • Data & Insights • Inventory Analytics ⚫loT Platforms • Dock & Spatial Visibility* • . Aerial Drones* Connectivity Infrastructure* Optical Networking Equipment* • Dock Maintenance • Pest Control Products • Forklifts • Material Handling Racking Systems Sanitizing Stations & PPE Office Supplies & Furniture* LOCIX LOCUS Outrider GIDEON BROTHERS FORT SVT ROBOTICS PROLOGIS VENTURES STRIVR WORKST P □ KINETIC Timee *Denotes future offerings. 1. Multiple on invested capital. Outrider (+$130M invested in 34 companies, 2x MOIC¹) AIRSPACE Emerge data.world cargomatic Wise >>>>> REDAPTIVE kahua INXEPTION Archipelagc ClearMetal BATON FLEXPORT PLATFORM SCIENCE HI FREIGHT WAVES Logimeter Flexe 22 22#23INVESTOR RELATIONS Prologis Energy Essentials, Solar Corporate Goal: 400 Megawatts Worldwide by 2025 11 countries 286+ MWs of generating capacity 216 buildings 34.4+ MSF of rooftops 125+ customers 55,515 household equivalents powered As of December 31, 2021. PROLOGIS U.S. Europe Asia 158 MW 86 MW 43 MW Prologis is the third largest private solar provider in the U.S. Xogniti Prologis Tilburg, Tilburg, The Netherlands. 23#24INVESTOR RELATIONS Prologis Energy Essentials, EV Charging Supporting our customers transition from diesel to zero emission vehicles • • The Opportunity By 2030, nearly 14M commercial electric vehicles will be on the road¹ Significant policy pressures are catalyzing strong cohort of early movers e== 4 Ollo * Vehicles will charge at or near logistics facilities to minimize deviations from routes and leverage dwell time Longstanding investment strategy provides our buildings with optimal grid adjacencies 1. Source: McKinsey. Synergies with site development and TI or BTS construction scope translate to market-beating charger install costs Prologis can capture retail energy margin by procuring energy wholesale and/or generating power onsite & CIRC PROLOGIS 24#25INVESTOR RELATIONS Prologis Workforce Essentials, CWI Markets with programs 2021 • Chicago • Atlanta ⚫ Dallas • Los Angeles- Long Beach* Tracy/Stockton • Miami* ⚫ DIRFT-UK . ⚫ SF/Oakland* • Northern NJ/NY • Las Vegas . Seattle • Houston . ⚫ DC/Baltimore • Mexico City • Pennsylvania KEY PARTNERS Prologis looks to support local organizations that align with our business and share our priorities with CWI, inlcuding: • Access to a pool of candidates looking for jobs in the logistics industry ⚫ Direct connection to leading workforce providers in the region DADE COUNTY Pour alumda the world ΝΑ Newark Alliance San Joaquin County work.net A WORKFORCESOLUTIONS GREATER DALLAS A proud partner of the AmericanJobCenternetwork LIVE UNITED United Way United Way of Greater Atlanta CHABOT LAS POSITAS COMMUNITY COLLEGE DISTRICT J4NG JOBS FOR NEVADA'S GRADUATES As of December 31, 2021. Supply Chain Open Educatior Academy SCPa WORKS EMPLOY PRINCE GEORGE'S- Pacific exp Gateway The opportunity engine PROLOGIS HIGHLIGHTS 13,000+ Participants (program to date) 15 markets Total by end of 2021 Certification Industry-first program in partnership with ASCM Goal Train 25k by 2025 25#26INVESTOR RELATIONS Superior earnings and dividend growth CORE FFO* PER SHARE CAGR 20% 10% 0% (10%) (20%) DIVIDEND CAGR5 30% 20% 10% 0% (10%) 1-YEAR 3-YEAR 5-YEAR • 1-YEAR 3-YEAR 5-YEAR PLD *This is a non-GAAP financial measure. Other National Logistics REITs' Blue Chips² REIT Average³ S&P 500 Average Source: FactSet; Core FFO and Dividend growth through December 31, 2021. 1. Includes DRE, EGP, FR, and STAG. Weighted on market cap as of December 31, 2021. 2. Includes AVB, BXP, EQIX, FRT, HST, PSA, and SPG. Weighted on market cap as of December 31, 2021. 3. 4. Includes REITs in the RMZ as of 12/31/2021 with data for every year in each respective period; weighted on market cap as of December 31, 2021. Source: SP500 per FactSet. 5. PLD, Other National Logistics REITs and Blue Chips based on most recent dividend annualized. REIT average and S&P 500 based on Factset's 2022 estimates. PROLOGIS Prologis has: • • • • Leading Core FFO* CAGR for the one, three, and five-year time periods Best Dividend CAGR spanning one, three, and five- year time periods Over the five-year time period, Prologis reduced leverage by 1,360bps Industry-leading cost structure with expected high 50% AFFO payout ratio* and $1.6B of free cash flow* after dividends for future growth in 2022 ~75% of our 2022 Core FFO growth, excluding promotes, derived from organic growth 26#27PROLOGIS