Slide 1: Enabling the Modern Economy
Enabling the Modern Economy ` Logistics. Digital Infrastructure. Energy. PLD Investor Presentation | July 2026
Slide 2: Legal Notices
Legal Notices Non-GAAP Measures. This presentation includes certain terms and non-GAAP financial measures that are not specifically defined herein. These terms and financial measures are defined and, in the case of the non-GAAP financial measures, reconciled to the most directly comparable GAAP meas
Slide 3: An integrated real estate platform powering the next era
INVESTOR PRESENTATION An integrated real estate platform powering the next era Logistics and Supply Chain Digital Infrastructure Distributed Energy Structural shifts in commerce will The rise of AI and cloud computing is Rising power demand and grid continue to drive demand for space in accelerating
Slide 4: The world's most valuable logistics platform
INVESTOR PRESENTATION The world’s most valuable logistics platform We own, operate and develop logistics real estate at unmatched global scale. Digital U.S. Other Europe Asia infrastructure and distributed energy build on 810 MSF Americas 264 MSF 116 MSF that foundation, reinforcing our position wit
Slide 5: Executing for and trusted by industry leaders
INVESTOR PRESENTATION Executing for and trusted by industry leaders 5
Slide 6: Positioned where demand is the strongest
INVESTOR PRESENTATION Positioned where demand is the Seattle strongest Portland Chicago An irreplaceable supply-constrained Columbus footprint aligning consumption, Reno Denver Indianapolis NY / NJ labor and transportation. SF Bay Louisville Cincinnati Baltimore / DC Area Las Vegas Nashville Raleigh
Slide 7: A proven development engine
INVESTOR PRESENTATION A proven development engine Prologis track record1 2001-2025 Global United States International A deep pipeline underpins Investment $49.5B $16.4B $33.1B visibility into long-term value Square feet 579M 208M 371M creation Value creation $14.2B $5.4B $8.8B $41B potential logisti
Slide 8: Uniquely positioned to power sites for data centers
INVESTOR PRESENTATION Uniquely positioned to power sites for data centers Our land, power access, and entitlement expertise create optionality that few platforms possess. 5.8 GW Total power pipeline comprised of ~30 projects, less than 1% of the portfolio Utility-fed power capacity that is subject t
Slide 9: A distinct value creation opportunity for shareholders
INVESTOR PRESENTATION A distinct value creation opportunity for shareholders Progress since 2023: Delivering next-generation, pre-leased data centers with long- term contractual visibility. ~$4B Starts Illustrative data center development economics $1B+ Typical Annual avg Monetized project start vol
Slide 10: Addressing the most urgent energy challenges for our customers
INVESTOR PRESENTATION Addressing the most urgent energy challenges for our customers Providing power and resiliency to mission-critical operations with 1.4 GW of solar and storage deployed. Onsite Solar Energy Storage OnPrem Power EV Charging Note: Data as of June 30, 2026. 10
Slide 11: Anchored by a fortress balance sheet and a leading asset management platform
INVESTOR PRESENTATION Anchored by a fortress balance sheet and a leading asset management platform Balance Sheet A2/A rated with $7.6B of liquidity 24% 4.7x 6.4x 3.3% 96% Debt as % of gross Debt / adjusted- Fixed charge Wtd avg interest USD exposure Leading global market cap*1 EBITDA*2 coverage rati
Slide 12: Compounding shareholder capital through a self-funding model
INVESTOR PRESENTATION Compounding shareholder capital through a self-funding model A financial algorithm designed to produce enduring and compelling growth in earnings and intrinsic value. Organic Growth + Value Creation + AUM Growth = Normalized Target Supported by low Driven by the Generating dura
Slide 13: A proven model with a long record of outperformance
INVESTOR PRESENTATION A proven model with a long record of outperformance Identify the Create the value 10-year cumulative shareholder return1 opportunity Prologis (PLD) 267% Invest Serve the S&P 500 REITs 37% globally customer REIT Sector 2 21% S&P 500 - Equal Weighted 164% 10-year dividend CAGR1 S
Slide 14: Designed to outperform
INVESTOR PRESENTATION Designed to outperform Scale into Cash Flow Turning global opportunity into predictable earnings. Invest Through Cycles Deploying capital with discipline and balance sheet strength. Compound Shareholder Value Delivering durable long-term growth in dividends and intrinsic value.
Slide 15: Recognized for excellence
INVESTOR PRESENTATION Recognized for excellence Fortune World’s Most Admired Corporate Knights Global 100 Forbes Net Zero Leaders (2025) Companies (2025-26) Most Sustainable Companies (2026) Green Star Recognition (2025): Nareit Investor CARE Award Prologis and six of our co-investment vehicles Gold
Slide 16: Prologis
€*; PROLOGIS’