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Mexico Logistics Real Estate Fundamentals¹ DEMAND (T12M) VS SUPPLY PIPELINE (MSF) Mexico City Monterrey DEMAND VS SUPPLY (MSF) Mkt Vacancy 36 1.7% 32 VACANCY (%) 1.5% 8 28 10 FIBRA PROLOGIS • • Market vacancy of 1.2%, historical lows We expect increasing demand due to supply chain reconfigurations and limited supply caused by enhanced supply barriers to continue driving high occupancies and rent growth Rent Growth in 2022 was 16%, we expect mid-teens growth in 2023 Nearshoring in Northern Mexico and e-commerce adoption are the main drivers of demand 1.8% 24 Guadalajara . 6 20 Juarez 0.0% 16 4 Reynosa 1.0% 12 Tijuana 8 0.4% 4 5 10 15 20 Net absorption LTM BTS Spec 2013 14 22 2023F 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 June 30, 2023 Completions Sources: Prologis Research Net Absorption Vacancy Rate Note: Completions equate to supply while net absorption is equivalent to demand 0 2 7

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