Prologis Investor Relations Update

INVESTOR RELATIONS Superior earnings and dividend growth CORE FFO* PER SHARE CAGR 20% 10% 0% (10%) (20%) DIVIDEND CAGR5 30% 20% 10% 0% (10%) 1-YEAR 3-YEAR 5-YEAR • 1-YEAR 3-YEAR 5-YEAR PLD *This is a non-GAAP financial measure. Other National Logistics REITs' Blue Chips² REIT Average³ S&P 500 Average Source: FactSet; Core FFO and Dividend growth through December 31, 2021. 1. Includes DRE, EGP, FR, and STAG. Weighted on market cap as of December 31, 2021. 2. Includes AVB, BXP, EQIX, FRT, HST, PSA, and SPG. Weighted on market cap as of December 31, 2021. 3. 4. Includes REITs in the RMZ as of 12/31/2021 with data for every year in each respective period; weighted on market cap as of December 31, 2021. Source: SP500 per FactSet. 5. PLD, Other National Logistics REITs and Blue Chips based on most recent dividend annualized. REIT average and S&P 500 based on Factset's 2022 estimates. PROLOGIS Prologis has: • • • • Leading Core FFO* CAGR for the one, three, and five-year time periods Best Dividend CAGR spanning one, three, and five- year time periods Over the five-year time period, Prologis reduced leverage by 1,360bps Industry-leading cost structure with expected high 50% AFFO payout ratio* and $1.6B of free cash flow* after dividends for future growth in 2022 ~75% of our 2022 Core FFO growth, excluding promotes, derived from organic growth 26

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