Investor Relations Pitch
INVESTOR RELATIONS
PROLOGIS
Premier institutional Strategic Capital real estate franchise
GROWTH IN THIRD-PARTY AUM¹
$ in Billions
15
75
60
60
45
30
15
15% AUM CAGR
GROWTH IN THIRD-PARTY FEE RELATED EARNINGS²
•
$ in Millions
400
300
200
100
20% FRE CAGR
0
0
2014
2017
2020
2023
2014
2017
2020
2023
•
Reputable, long-term
partner with 140
•
institutional investors
Resilient investor base
over the long-term with
nominal redemptions
historically
~75% margin on fee
related revenues
Asset values marked-to-
market every quarter with
fees based on 3P
appraisals
Note: Data as of March 31, 2023.
1. AUM (fee earning) represents estimated fair value of real estate owned by third-parties and managed by Prologis through both our consolidated and unconsolidated entities; this is third-party investors' share of
the estimated fair value of assets in co-investment ventures.
2. Third-party fee related earnings include asset management and related transactional fees. Asset management fees reflect Q4 annualized for each year and Q1 annualized for 2023. Transactional fees and expenses
reflect trailing twelve months.
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