Prologis Investor Relations Update

INVESTOR 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

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