Investor Relations Update Q1 2023

INVESTOR RELATIONS PROLOGIS Understanding the benefits of Prologis' infill location strategy PROLOGIS NY/NJ PORTFOLIO MAP (202 17 Yonkers Parsippany nnj Meadowlands nnj-Ports abeth Edison cnj-Edison cnj-Greater 8A Trenton cnj-Burlington West 圆 539 Benefits of Prologis' unique submarket and location strategy nyc-Bronx • Locate within and adjacent to major population centers (NYC, Dallas, London, Tokyo, Mexico City, etc) New Y nyc-Maspeth nyc Nort Brooklyn nyc-JFK nyc-South Brooklyn Long Branch • Proximity to global supply routes an added benefit (e.g., SoCal, NJ/PA, Amsterdam, Rotterdam, Osaka, etc) Ever-expanding congestion increases the value and willingness of customers to pay for infill locations • Markets increasingly 'built out' with few suitable land parcels with transportation infrastructure • New supply located farther from our portfolio, and has rising land and construction costs Toms Rive 70 Source: Prologis Owned and Managed portfolio as of March 31, 2023. Prologis Assets 21 21

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