Investor Presentation

Mexico Logistics Real Estate Fundamentals¹ DEMAND (T12M) VS SUPPLY PIPELINE (MSF) DEMAND VS SUPPLY (MSF) Mkt Vacancy 44 1.1% Mexico City 40 VACANCY (%) 36 Monterrey 0.9% 32 0.6% Guadalajara 28 6 FIBRA PROLOGIS • Market vacancy of 1.4%, near historical lows 10 8 2 We expect limited quality supply in the most desired locations (particularly Mexico City) to lead to a decline in net absorption for 2024. Well- located product with energy is expected to continue to lease- up well. We expect low double-digit market rent growth in 2024 driven by the very limited supply. Nearshoring in Northern Mexico and e-commerce adoption are the main drivers of demand 24 Juarez 3.3% 20 4 16 1.8% Reynosa Tijuana 0 5 10 10 15 20 Net absorption LTM ■ BTS ■Spec 1.3% 12 84 0 2013 Completions 24F Net Absorption Vacancy Rate Sources: Prologis Research with information from Solili, CBRE. 1. Note: Defined as modern logistics market, inclusive of only those facilities with advanced functional features and/or superior locations, deemed to be competitive with Prologis. Data as of December 31, 2023 Sources: Prologis Research Note: Completions equate to supply while net absorption is equivalent to demand 0 7

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