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 December 31, 2019, 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 964 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

* As of December 31, 2019, and inclusive of the IPT acquisition on January 8, 2020 and the LPT acquisition on February 4, 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 964 million square feet (90 million square meters) in 19 countries.

Founded1983

Most sustainable corporations, ranked 6th in the U.S. S&P 500 member, #111

100 GLOBAL PLD NYSE

Assets under management On four continents Credit rating

$118B 964 MSF* A3 / A-

As of 12/31/19*

U.S.611 MSF

3,313 buildings

4,816 acres

Other Americas62 MSF

268 buildings

991 acres

Asia93 MSF

237 buildings

190 acres

Europe198 MSF

831 buildings

2,986 acres

Investor Fact Sheet | Fourth Quarter 2019

1. Source: Oxford Economics, IMF, Prologis Research as of December 31, 2019.

2. Source: FactSet; Core FFO and Dividend growth through YE 2018, weighted on a market cap basis as of December 31, 2018.

– Other Logistics REITs include DRE, EGP, FR, LPT and STAG. LPT 2018 FFO has been adjusted to exclude one-time items.

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

– REIT average includes REITs in the RMZ as of 12/31/2018 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 ear 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) 9% 10% 12%

Other Logistics REITs 6% 4% 5%

Blue Chips 5% 6% 7%

REIT Average 5% 7% 6%

S&P 500 Average 23% 11% 8%

DIVIDEND CAGR 1-YEAR 3-YEAR 5-YEAR

PLD (excluding promotes) 9% 8% 11%

Other Logistics REITs 3% 2% 3%

Blue Chips 6% 7% 9%

REIT Average 6% 6% 7%

S&P 500 Average 7% 7% 10%

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 Georgetown Crossroads, Seattle, Washington

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