Investor Relations Update
INVESTOR RELATIONS
Strong positioning in an uncertain macro environment
PROLOGIS
VACANCY RATE¹
%
8.0%
2007
6.0%
2019
2007
4.0%
2Q23
2.0%
0.0%
U.S.
2019
2Q23
LEASE MARK-TO-MARKET, PLD SHARE*2
NET LEVERAGE, INDUSTRIAL REITS³
%, Net Effective Rent
%
80%
60%
60
45
45
40%
30
20%
15
0%
0
Europe
2007
2019
Q2 2023
2007
2019
Q2 2023
* This is a non-GAAP financial measure. Please see Notes and Definitions included in this presentation and in our Q2 2023 Supplemental for further explanation.
1. Source: CBRE, JLL, Cushman & Wakefield, Colliers, CoStar, CBRE-EA, Prologis Research as of June 30, 2023.
2. Source: Prologis portfolio as of June 30, 2023.
3. Source: Green Street. Net leverage reflects debt as a percentage of gross market capitalization. Please see Notes and Definitions included in our Q2 2023 Supplemental for further explanation.
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