Prologis FY24 FFO Guidance: $5.42 – $5.56 Vs. $5.52 Estimate

1. GUIDANCE

   Earnings (per diluted share)

Net earnings attributable to common stockholders

$3.20 to $3.45

Core FFO attributable to common stockholders/unitholders*

$5.42 to $5.56

Core FFO attributable to common stockholders/unitholders, excluding Net Promote Income (Expense)*

$5.50 to $5.64

Operations – Prologis Share

Average occupancy

96.50% to 97.50%

Cash Same Store NOI*

8.00% to 9.00%

1. Capital (in millions)

Strategic Capital revenue, excluding promote revenue

$530 to $550

Net Promote Income (Expense)1

$(80)

G&A (in millions)

General & administrative expenses

$420 to $440

1. Deployment – Prologis Share (in millions)

Development stabilizations

$3,600 to $4,000

Development starts

$3,000 to $3,500

Acquisitions

$500 to $1,000

Contributions

$1,750 to $2,250

Dispositions

$800 to $1,200

1. sources/(uses)

$(950) to $(1,050)

Realized development gains

$300 to $400