Prologis Investor Relations Q1 2023

INVESTOR RELATIONS Proven development track record generating significant value creation over 20+ years... PROLOGIS $40.0B Investment 499M Square Feet $11.0B Value Creation¹ 27.4% Margin IN THE U.S. $11.1B OUTSIDE THE U.S. $28.9B 171M 328M $3.5B $7.5B 31.5% 25.9% Note: Data based on development activity from 2001 through June 30, 2022. 1. Estimated Value Creation is calculated as the amount by which our value exceeds our Total Expected Investment (TEI) and does not include any fees or promotes we may earn. Approximately 70% of total estimated Value Creation has been realized. TEI represents total estimated cost of development or expansion, including land, development and leasing costs. TEI is based on current projections and is subject to change. 19

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