Company: PLDGP
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-067058
Chunk: 37

Company: Prologis, Inc.
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 37
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 in data center development by 2028.   l   When an existing industrial facility offers more value as a data center, we have the ability to convert it. Conversion opportunities are quicker to deploy than ground-up projects and can significantly increase an asset’s value.   l   Our liquidity lets us procure long-lead data center equipment ahead of time, enabling us to meet customer deadlines.   l   Our access to power is a differentiator: We rapidly scaled our power procurement to support data center development, with 1.4GW secured and another 1.6GW in advanced stages of procurement at year-end 2024. |
| Scale-enabled data advantage                                   |     | l   With 2.8% of the world’s GDP(4) flowing through our facilities, we are uniquely positioned to harness data.   l   Robust data foundation empowers our teams to leverage artificial intelligence to achieve greater operational efficiencies and enhance decision-making.   l   We prioritized refining our data pool through an organization-wide effort supported by the Data Quality metric in our bonus scorecard.                                                                                                                                                                                                                                    |

| (1) | A securities rating is not a recommendation to buy, sell or hold securities and is subject to revision or withdrawal at any time by the rating organization. |

| (2) | Includes owned and controlled acreage. Estimated development based on Total Expected Investment (TEI) represents total estimated cost of development or expansion, including land, development and leasing costs. TEI is based on current projections and is subject to change. |

| (3) | Within our O&M portfolio. Ranking by Solar Energy Industries Association in the 2024 Solar Means Business report. |

| (4) | According to a 2022 study by the independent advisory firm Oxford Economics that was commissioned by Prologis. |

| COMPENSATION DISCUSSION AND ANALYSIS |

Strategic Capital is a powerful differentiator and unique in the REIT industry. Contributes significantly to our global logistics scale:Our 10 Strategic Capital vehicles provide additional investment capacity that is unmatched in the REIT industry: The $60B of third-party AUM in our Strategic Capital vehicles represents more AUM than all the Other Logistics REITs combined. This access to third-party capital allows us to grow our core real estate business and develop new revenue streams, such as our Essentials business. Provides substantial fee income: