Attractive Relative Valuation of Prologis

INVESTOR RELATIONS Exposure to broad sources of consumer demand PROLOGIS BASIC DAILY NEEDS SECULAR TRENDS CYCLICAL SPENDING 38% 34% 28% • Fast-moving consumer goods • Ecommerce · Food & beverage • Apparel Paper/Packaging General Retailer Transportation • Healthcare Appliances Auto parts Construction Home goods Source: Prologis Research as of March 31, 2023. Segments represent approximate share of logistics space occupied globally. 6

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