Attractive Relative Valuation of Prologis
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
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