Fact Sheet

Ahead of What’s Next

Prologis, Inc., is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of March 31, 2020, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 965 million square feet (90 million square meters) in 19 countries. Prologis leases modern logistics facilities to a diverse base of approximately 5,500 customers principally across two major categories: business-to-business and retail/online fulfillment.

World-Class Platform

• Our business draws on consumption, supply chain modernization and e-commerce

• Irreplaceable portfolio focused on the world’s most vibrant markets

• Longstanding relationships with diverse group of customers and premier institutional partners

• Strong balance sheet optimized for the future

• Business model designed to deliver superior results

Note: A securities rating is not a recommendation to buy, sell or hold securities and is subject to revision or withdrawal at any time by the rating agency

Founded1983

Most sustainable corporations, ranked 6th in the U.S. S&P 500 member, #94

100 GLOBAL PLD NYSE

Assets under management On four continents Credit rating

$125B 965 MSF A3 / A-

As of 3/31/2020

U.S.610 MSF

3,308 buildings

4,897 acres

Other Americas62 MSF

269 buildings

1,162 acres

Asia94 MSF

236 buildings

169 acres

Europe199 MSF

847 buildings

3,237 acres

Investor Fact Sheet | First Quarter 2020

1. Source: Oxford Economics, IMF, Prologis Research as of December 31, 2019, and inclusive of the IPT acquisition on January 8, 2020 and the LPT acquisition on February 4, 2020.

2. Source: FactSet; Core FFO and Dividend growth through YE 2019, weighted on a market cap basis as of December 31, 2019.

– Other Logistics REITs include DRE, EGP, FR and STAG.

– Blue Chips include AVB, BXP, EQR, FRT, HST, PSA, and SPG.

– REIT average includes REITs in the RMZ as of 12/31/2019 with data for every year in each respective period.

* This is a non-GAAP financial measure. 2

Is the economic value of goods flowing through our distribution centers each year, representing

of GDP for the 19 countries where we do business, and

of the world’s GDP employees under Prologis’ roofs

$2.1 TRILLION 1 3.5%1 2.5%1 857,000 1

1

Source: Prologis ResearchNote: Based upon internal Prologis data as of March 31, 2018. The Type of Goods in Building classifications do not sum to 100%. The balance, 18%, is attributable to units where 3PL customers have more than one industry type present

Diversity of customers and segments mitigates riskDiverse by customer and industry

TYPE OF GOODS IN BUILDING%, NRA basis

Data, otherHealthcare

Industrial/CommoditiesHome Goods

Paper/PackagingAuto

ConstructionClothing

General RetailerAppliances

TransportFood

Consumer Goods

0 1 2 3 4 5 6 7 8 9

TYPE OF GOODS IN OUR BUILDING

%, NRA basisTOP TEN CUSTOMERS KEY RECOGNITION

CORE FFO* PER SHARE CAGR 2 1-YEAR 3-YEAR 5-YEAR

PLD (excluding promotes) 10% 10% 12%

Other Logistics REITs 5% 6% 6%

Blue Chips 3% 4% 6%

REIT Average 5% 5% 5%

S&P 500 Average 1% 11% 7%

DIVIDEND CAGR 1-YEAR 3-YEAR 5-YEAR

PLD (excluding promotes) 10% 8% 10%

Other Logistics REITs 6% 5% 6%

Blue Chips 4% 6% 8%

REIT Average 3% 5% 6%

S&P 500 Average 10% 7% 9%

INVESTOR RELATIONS

Tracy WardSVP, Investor Relations+1 415 939 5766 TWard@prologis.com

MEDIA

Melissa SachsVP, Head of Global Corporate Communications+1 415 733 9597 MSachs@prologis.com

HOW TO CONTACT US

Prologis Headquarters Pier 1, Bay 1 San Francisco, California 94111 USA +1 415 394 9000 www.prologis.com

Prologis Park Warsaw II, Warsaw, Poland

Top Ten customers – 3Q2019

Corporate Knights’ 2019 Global 100 Ranked sixth in the U.S.

Harvard Business Review Best-Performing CEOs in the World, Hamid Moghadam, ranked #17

Dow Jones Sustainability Indices Awarded to the top 20% of invited companies ranked in sustainability

NAREIT Leader in the Light Award, Industrial

Institutional Investor’s All-American Executive Teams Top-ranked CEO, CFO and IR Program