Prologis Investor Relations Update

INVESTOR RELATIONS We're relentless about continuous improvement ADJUSTED G&A¹% OF GROSS BOOK VALUE AUM² % 0.90% 0.80% 0.70% 2021 G&A¹ % OF MARKET VALUE AUM³ FMV³ bps 250 40 bps 35 bps 200 30 bps 0.60% 25 bps 150 0.50% 20 bps 17 0.40% 100 15 bps 0.30% 0.20% 0.10% 10 bps 50 5 bps 0 0.00% 0 bps 2011 2013 2015 2017 2019 2021 34 PLD Other National Logistics REITS4 *Data as of December 31, 2021. Total AUM based on Fair Market Value and Adjusted G&A as % of AUM based on book value. Adjusted G&A takes net TTM G&A expense each year plus TTM strategic capital expenses less TTM strategic capital property management expenses. Total AUM based on fair market value and Adjusted G&A as % of AUM based on Book Value AUM. 1. 2. 3. Market value AUM is total enterprise value plus JV debt. 4. Other National Logistics REITs include DRE, EGP, FR and STAG. PROLOGIS • • Early investments in technology infrastructure and synergies from strategic acquisitions Reduced G&A as % of AUM from 85bps to 36bps since 2011 Most efficient despite investments in innovation and new lines of business Efficiently outpacing the other logistics REITs4 by 16bps 19

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