Prologis Investor Relations Update

INVESTOR RELATIONS ...and driving sector-leading same store NOI growth %, CASH SSNOI GROWTH Last 5 years¹ PLD Other National Logistics REITS³ 12 1. 2. 3. PLD U.S. 0% 1% 2% 3% 4% 5% 6% %, NET EFFECTIVE SSNOI GROWTH Last 3 years² PLD Other National Logistics REITS³ PLD U.S. 0% 1% 2% 3% 4% 5% PROLOGIS Prologis U.S. outperformed the other national logistics REITs³ by nearly 200 BPS Cash SSNOI over the last 5 years Prologis U.S. outperformed the other national logistics REITs³ by nearly 160 BPS Net Effective SSNOI over the last 3 years 36% lease mark-to-market could produce 5.50% to 7.0% average net effective SSNOI over next 5 years with limited rent growth Simple average of the quarterly Cash SSNOI growth from Q1 2017 - Q4 2021. Net Effective SSNOI uses a 3 year period versus 5 given availability of disclosure with other U.S. logistics REITs. Simple average of the quarterly net effective SSNOI growth from Q1 2019 - Q4 2021. Our U.S. 5 year net effective SSNOI average was 5.3% as of Q4 2021. Other National Logistics REITs include DRE, EGP, FR and STAG, all of which, along with PLD, joined together in 2018 to establish consistent non-GAAP operating metrics such as SSNOI. link to PR 14 14

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