Company: PLDGP
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-067058
Chunk: 152

Company: Prologis, Inc.
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 152
---
 Share of Same Store Property NOI – Net Effective(2)                                                                       |     | $                               | 1,401,679 |   |     | $ | 1,314,953 |   |     |        6.6 | % |
| Consolidated properties straight-line rent and fair value lease amortization included in the same store portfolio(3)               |     |                                 |  (116,016 | ) |     |   |  (113,440 | ) |     |            |   |
| Unconsolidated co-investment ventures straight-line rent and fair value lease amortization included in the same store portfolio(3) |     |                                 |   (16,938 | ) |     |   |   (10,998 | ) |     |            |   |
| Third parties’ share of straight-line rent and fair value lease amortization included in the same store portfolio(2)(3)            |     |                                 |    10,792 |   |     |   |     8,942 |   |     |            |   |
| Prologis Share of Same Store Property NOI – Cash(2)(3)                                                                             |     | $                               | 1,279,517 |   |     | $ | 1,199,457 |   |     |        6.7 | % |

| (1) | We exclude properties held for sale to third parties, along with development properties that were not stabilized at the beginning of the period and properties acquired or disposed of to third parties during the period. We also exclude net termination and renegotiation fees and write-offs of fair value lease assets to allow us to evaluate the growth or decline in each property’s rental revenues without regard to one-time items that are not indicative of the property’s recurring operating performance. Net termination and renegotiation fees represent the gross fee negotiated to allow a customer to terminate or renegotiate their lease, offset by the write-off of the asset recorded due to the adjustment to straight-line rents over the lease term. Same Store Property NOI is adjusted to include an allocation of property management expenses for our consolidated properties based on the property management services provided to each property (generally, based on a |

| APPENDIX A: DEFINITIONS AND RECONCILIATIONS OF GAAP AND NON-GAAP FINANCIAL MEASURES |

| percentage of revenues). On consolidation, these amounts are eliminated and the actual costs of providing property management services are recognized as part of our consolidated rental expense. |

| (