Prologis Investor Relations Update

INVESTOR 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

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