Investor Relations Update Q1 2023
INVESTOR RELATIONS
PROLOGIS
Consistent dividend increases fueled by earnings growth
TOTAL REVENUES
$ in Millions
7,000
15% REVENUE CAGR
6,000
5,000
4,000
3,000
2,000
1,000
0
2013
2016
2019
2022
ADJUSTED EBITDA*
*
$ in Millions
7,000
13% ADJ. EBITDA CAGR
6,000
5,000
4,000
3,000
2,000
1,000
0
2013
2016
2019
2022
ADJUSTED FUNDS FROM OPERATIONS (AFFO)*
$ in Millions
DIVIDEND PER SHARE
$ per share
5,000
4.00
24% AFFO CAGR
12% DIVIDEND PER SHARE CAGR
4,000
3.00
3,000
2.00
2,000
1.00
1,000
0
0.00
2013
2016
2019
2022
2013
2016
2019
2022
* This is a non-GAAP financial measure. Please see Notes and Definitions included in our Q1 2023 Supplemental for further explanation.
Adj. EBITDA✶ margin
~95% since 2013
• 10 consecutive years of
dividend increases with a
10% increase in 2023
•
Since 1997 IPO, paid $15B
in dividends at a 15%
CAGR, ranking #13 on
growth in S&P 100
Well-covered dividend
with an AFFO payout
ratio of 63% in 2022
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