Prologis — Jul 16, 2026 release

SPACE UTILIZATION percent Prologis Leading Indicators and Proprietary Metrics* Highlights 129 Average 84 60.1 Average 57.7 48 Average 54 84.4% Average 85.3% Average 40% 42% Net rentable area of proposals Proposals as a % of available net rentable area * Please see our Notes and Definitions for further explanation. Guidance(A) Highlights dollars in millions, except per share amounts 2026 Guidance Low High Net earnings attributable to common stockholders(B) $ 4.40 $ 4.55 Core FFO attributable to common stockholders/unitholders*(B) $ 6.22 $ 6.30 Core FFO attributable to common stockholders/unitholders, excluding Net Promote Income (Expense)*(B) $ 6.22 $ 6.30 Operations Average occupancy - Prologis Share 95.25 % 95.75 % Same store NOI - cash - Prologis Share* 6.75 % 7.25 % Same store NOI - net effective - Prologis Share* 5.25 % 5.75 % Other Assumptions Strategic capital revenue, excluding promote revenue $ 660 $ 680 Net Promote Income (Expense) $ – $ – General & administrative expenses $ 510 $ 525 Realized development gains $ 600 $ 700 Capital Deployment PROLOGIS SHARE OWNED AND MANAGED Low High Development stabilizations $ 2,250 $ 2,750 $ 2,500 $ 3,000 Development starts $ 4,500 $ 5,500 $ 5,500 $ 6,500 Acquisitions $ 1,500 $ 2,000 $ 2,500 $ 3,500 Dispositions $ 2,250 $ 2,750 $ 3,000 $ 3,500 Contributions $ 2,000 $ 2,500 $ 3,250 $ 3,750 Exchange Rates We have hedged the rates for the majority of our estimated 2026 Euro, Sterling and Yen Core FFO, effectively insulating 2026 results from FX movements in these currencies. For purposes of capital deployment and other metrics, we assumed effective rates for EUR, GBP and JPY of 1.14 ($/€), 1.32 ($