Investor Relations Update
INVESTOR RELATIONS
Unique and scalable business model
PROLOGIS
OPERATIONS
$5.3B
Generated in annual NOI*1
+
STRATEGIC CAPITAL
~$1.4B
Produced in recurring fees and
promotes²
DEVELOPMENT
+~$1.3B
Created in value from
stabilizations³
85%
15%
U.S.
Outside the U.S.
53%
50%
50%
47%
U.S.
Outside the U.S.
* This is a non-GAAP financial measure. Please see Notes and Definitions included in our Q2 2023 Supplemental for further explanation.
1. 2Q 2023 Prologis Share of NOI of the Operating Portfolio annualized. Please see Notes and Definitions included in our Q2 2023 Supplemental for further explanation.
2. 2Q 2023 third-party share of asset management fees annualized plus trailing twelve months third-party share of transactional fees and Net Promote Income.
3. Prologis Share of trailing twelve month Estimated Value Creation from development stabilizations.
U.S.
Outside the U.S.
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