Prologis — Oct 15, 2026 release

Guidance(A) Highlights dollars in millions, except per share amounts 2026 Guidance Low High Net earnings attributable to common stockholders(B) $ 4.05 $ 4.15 Core FFO attributable to common stockholders/unitholders*(B) $ 6.25 $ 6.29 Core FFO attributable to common stockholders/unitholders, excluding Net Promote Income (Expense)*(B) $ 6.25 $ 6.29 Operations Average occupancy - Prologis Share 95.25 % 95.50 % Same store NOI - cash - Prologis Share* 7.00 % 7.50 % Same store NOI - net effective - Prologis Share* 5.50 % 6.00 % Other Assumptions Strategic capital revenue, excluding promote revenue $ 650 $ 660 Net Promote Income (Expense) $ – $ – General & administrative expenses $ 515 $ 525 Realized development gains $ 600 $ 700 Capital Deployment PROLOGIS SHARE OWNED AND MANAGED Low High Development stabilizations $ 2,500 $ 3,000 $ 2,750 $ 3,250 Development starts $ 5,000 $ 5,750 $ 6,000 $ 6,750 Acquisitions $ 2,100 $ 2,300 $ 3,100 $ 3,400 Dispositions $ 1,750 $ 2,500 $ 2,500 $ 3,250 Contributions $ 1,750 $ 2,250 $ 3,000 $ 3,500 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 ($/€), 1.33 ($/£) and 157.00 (¥/$), respectively. * This is a non-GAAP financial measure. Please see our Notes and Definitions for further explanation. Our guidance for 2026 is based on management’s current beliefs and assumptions about our business, the industry and the m