Company: PLDGP
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-067058
Chunk: 8

Company: Prologis, Inc.
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 8
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 10-year period 2015-2024, unless noted otherwise. |

| (3) | Net earnings per share and Core FFO per share excluding Net Promote Income (Expense). Our global platform outperformed the average of the “Large-Cap REIT Group” in net earnings per share and Core FFO per share CAGR by 1,013 bps and 569 bps, respectively, over the last 10 years. The average rates for the Large-Cap REIT Group are weighted by market capitalization. See footnotes to page 35 for further detail on the calculation of the Large-Cap REIT Group average. Core FFO per share is a non-GAAP measure. Please see Appendix A for a discussion and reconciliation to the most directly comparable GAAP measure and a calculation of the CAGR of our Core FFO per share. |

| (4) | “G&A” are our general and administrative expenses. |

| (5) | Estimated value created over our total expected investment in development and leasing based on our current projections. Please see Appendix A for further detail about how we calculate “value creation.” Development value creation is calculated across our owned and managed portfolio. |

| BOARD OF DIRECTORS AND CORPORATE GOVERNANCE |

Board composition The Governance Committee focuses on identifying and nominating qualified director candidates with varied professional expertise and backgrounds that align with our company’s strategic business needs. The directors nominated for election at our 2025 Annual Meeting have the blend of experience we need. In making its nominations, the Governance Committee also assesses each director nominee by key characteristics, including courage to voice opinions, integrity, accountability, good judgment, supportiveness in working with others and willingness to commit the time needed to satisfy the requirements of Board and committee membership. We also seek directors with skillsets that support our emerging areas of focus, including energy, cybersecurity and data. PROLOGIS BOARD COMPOSITION (1) 83%of our Board has global work experience.

| (1) | Directors nominated for election at our 2025 Annual Meeting. Ages as of the filing date of this Proxy Statement. |

| (2) | One director self-identified as African American, and two directors self-identified as West Asian/Middle Eastern/Asian American. |

| BOARD OF DIRECTORS AND CORPORATE GOVERNANCE |

Director skills and experience support our business strategy. Below are areas of knowledge, skill and experience our Board identified during the Board evaluation process as important to support our current business strategy. Having