Fourth Quarter 2018

Investor Fact Sheet

Prologis Park Narashino, Japan

World’s Leading Logistics Real Estate Company PLD $86.7 B NYSE Assets Under Management Prologis is the leading global provider of logistics real estate, offering customers approximately 768 million square feet of distribution space (71 million square meters) in markets across the Americas, and . The company leases more than 3,500 industrial facilities in 19 3.3% 1 countries to more than 5,100 customers, including third-party logistics TTM Dividend Yield providers, transportation companies, retailers, and manufacturers.

World-Class Platform MARKET ALLOCATION2 Other Americas • The undisputed leader in the industrial sector 6.0% • The best customer brand in the real estate industry • The only truly global real estate company active on four continents Europe 22.7% • World’s leading logistics real estate strategic capital franchise U.S. 59.8% 1 Asia Prologis At-a-Glance 11.5%

• 97.5% occupancy in its owned and managed operating portfolio • Leased 34.9 million square feet (3.2 million square meters) in the operating and development portfolios during 4Q 2018 • Commenced $930 million of development across three continents in Q4 and generated $185 million of value creation (Prologis share) on stabilizations 1. As of December 31, 2018 (PLD closed at $58.72) 2. Market allocation based on owned and managed operating portfolio gross book • The company recast and upsized its global line of credit in January value as of December 31, 2018. On a Prologis share basis, ownership was 76.5% 2019, bringing its total liquidity to ~$4.0 billion US, 6.5% Other Americas, 13.2% Europe, 3.8% Asia. Sum of the parts may not equal 100% due to rounding. GLOBAL PRESENCE TOP 10 CUSTOMERS (by NER) The Americas Europe Belgium DHL Canada Czech Republic XPO Logistics France Geodis United States Germany FedEx Hungary Asia Home Depot Italy Kuehne + Nagel Japan UPS Poland DSV Air and Sea Slovakia BMW Spain Sweden

Source: Prologis Research

THE PLATFORM SHARE OF DEBT (as of December 31, 2018) OTHER U.S. AMERICAS EUROPE ASIA TOTAL1 Unconsolidated Joint Venture Debt $2.0 B

2 Total AUM $53.4 B $1.9 B $19.9 B $11.4 B $86.7 B Common Secured Debt $0.8 B Equity and Preferred Unsecured Senior Debt $8.4 B Square Feet 455 M 60 M 175 M 78 M 768 M Shares $38.1 B Acres of Land 3,325 1,227 3,215 306 8,073 Unsecured Other Debt $1.9 B

Total enterprise value1,3: $51.3 B

Board of Directors Senior Officers Investor Relations

Hamid R. Moghadam David P. O’Connor Hamid R. Moghadam Tracy A. Ward Chairman and CEO, Prologis Managing Partner, High Rise Chairmain & Chief Senior Vice President Capital Partners, LLC Executive Officer Direct +1 415 733 9565 George L. Fotiades Email [email protected] Chairman, Healthcare, Diamond Olivier Piani Gary E. Anderson Castle Holdings Founder and CEO, OP Conseils Chief Executive Officer, Former CEO, Real Estate Europe and Asia Lydia H. Kennard Principal, Airport Property Jeffrey L. Skelton Michael S. Curless Ventures, LLC Managing Partner, Resultant Chief Investment Officer Founder and Chief Capital Partners Edward S. Nekritz Executive Officer, Carl B. Webb Chief Legal Officer, KDG Construction Consulting Senior Partner, Ford General Counsel J. Michael Losh Management, L.P. Thomas S. Olinger Former CFO, General Motors; William D. Zollars Chief Financial Officer Former Chairman, GMAC Former Chairman, President and Eugene F. Reilly HOW TO CONTACT US Irving F. Lyons, III CEO, YRC Worldwide Inc. Chief Executive Officer, Prologis Principal, Lyons Asset Cristina Bita The Americas Pier 1, Bay 1 Management Vice President of Finance, Colleen McKeown , Philip L. Hawkins Google Chief Human Resources Officer 94111 USA Former CEO, DCT +1 415 394 9000 Industrial Trust Inc. www.prologis.com

1. Sum of the parts may not equal total due to rounding. 2. AUM is defined as book value for wholly-owned properties and fair value for unconsolidated real estate 3. Total enterprise value is defined as total debt plus preferred equity plus common market equity

Investor Fact Sheet | Fourth Quarter 2018 2