Prologis Investor Relations Update

INVESTOR RELATIONS ...and maintaining maximum financial flexibility PROLOGIS DEBT METRICS - Q4 2021 Debt as % of Gross Market Cap* 13.5% PROLOGIS Debt/ Adjusted-EBITDA* 4.2X Fixed Charge Coverage Ratio* 13.4X • • • +$15B of dry powder across PLD and our open-ended ventures Weighted average debt cost 140bps lower and 3 years longer than other logistics REITS 2,3 Strong preference for green financings with 19 issuances to date A3/A (positive outlook) rated by Moody's/S&P4 USD Net Equity Exposure 94% Liquidity $5.0B Investment Capacity ~$15.5B 1 *This is a non-GAAP financial measure. 1. 2. 3. 4. Includes leverage capacity of Prologis and its open-ended vehicles as well as a reduction in our ownership interest in our PELF and USLF ventures down to 15%. Other National Logistics REITs include DRE, EGP, FR and STAG. A securities rating is not a recommendation to buy, sell or hold securities and is subject to revision or withdrawal at any time by the rating agency. Data as of December 31, 2021. Weighted on market cap. 20

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