Investor Relations Update

INVESTOR RELATIONS PROLOGIS Current supply and demand dynamics support rent growth U.S. FUNDAMENTALS¹ Vacancy (%) 10 8 6 4 2 Rent Growth (RHS) Vacancy (LHS) Rent Growth (%) 50 40 40 30 30 20 10 10 0 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023F Source: CBRE, JLL, Cushman & Wakefield, Colliers, CoStar, CBRE-EA, Prologis Research as of June 30, 2023. 10 10

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