Company: PLDGP
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-067058
Chunk: 46

Company: Prologis, Inc.
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 46
---
     |           |     |                 |              |     |              |     |                      |              |     |  81% of target |

| (1) | Core FFO per share excluding Net Promote Income (Expense). Core FFO per share and Same Store NOI Growth — Net Effective are non-GAAP measures. Please see Appendix A for a discussion and reconciliation to the most directly comparable GAAP measures. Core FFO per share for the annual bonus scorecard is calculated net of Promote income. Core FFO per share calculated with Promotes is $5.56. |

| (2) | Same Store NOI Growth is based on our O&M portfolio. |

| (3) | This metric measures data accuracy and completeness as well as defect resolution. It included data on property characteristics, leasing and customer contacts, construction and facilities management. In 2023, this was scored as an all-or-nothing metric to measure the completeness of our new data gathering initiative. In 2024, it was scored along a scale like other metrics in our scorecard to drive our continued commitment to achieving data completeness and accuracy on an ongoing basis. |

| (4) | For comparison, actual 2023 performance for metrics that were included in the 2023 bonus scorecard: Core FFO per share ($5.10); Same Store NOI Growth – Net Effective (8.10%). |

| PROLOGIS ESSENTIALS        
 Key performance metric     |     |     | Metric    
 weighting |     | WEIGHTED AT 10% |   |     | Threshold    
 performance  
 50% of       
 target bonus |     |   |      | Target       
 performance  
 100% of      
 target bonus |     | ABOVE TARGET OVERALL |   |      | Stretch      
 performance  
 200% of      
 target bonus |     |   |                | Scored 2024    
 performance(2) |
|:---------------------------|:----|:----|:----------|:----|:----------------|:--|:----|:-------------|:----|:--|:-----|:-------------|:----|:---------------------|:--|:-----|:-------------|:----|:--|:---------------|:---------------|
| Essentials Contribution(1) |     | 10% |           |     |                 | $ | 80M |              |     | $ | 100M |              |     |                      | $ | 120M |              |     | $ | 107