Prologis Investor Relations Update

INVESTOR 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

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