Company: PLDGP
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-067058
Chunk: 1

Company: Prologis, Inc.
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 1
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 Appendix A: Definitions and Reconciliations of GAAP and Non-GAAP Financial Measures             |

This Proxy Statement contains important information for you to consider when deciding how to vote on the matters brought before the Annual Meeting of Stockholders. Please read it carefully. The following summary highlights information contained in this Proxy Statement. This summary does not contain all the information you should consider, and you should read the entire Proxy Statement before voting. For more complete information regarding our 2024 performance, please review our Annual Report on Form 10-Kfor the year ended December 31, 2024. All company operational information in this Proxy Statement is for the year ended or as of December 31, 2024, unless otherwise noted. See Appendix A for definitions and discussion of non-GAAPmeasures and reconciliations to GAAP measures and for additional detail regarding definitions of terms as generally explained in the Proxy Statement. References in this Proxy Statement to “we,” “us,” “our,” the “company,” and “Prologis” refer to Prologis, Inc. and its subsidiaries, unless the context otherwise requires.

| PROXY SUMMARY |

2024 BUSINESS HIGHLIGHTS Our Business Model Delivers Long-Term Growth Despite macroeconomic headwinds, we delivered strong financial performance in 2024, continuing our 10-yearindustry outperformance.

| Consistent earnings growth across cycles                                                                                                                                                   |     | Sector-leading 10-year performance and returns                                                                                                                                                                                             |
| In a challenging operating environment, we delivered 21.9% growth in net earnings per share and 8.4% growth in Core FFO per share,(1) demonstrating the resilience of our global platform. |     | Prologis generated 13.2% net earnings per share, 11.9% Core FFO per share(1) and 12.6% TSR 10-year CAGRs,(2) generating 1,013 bps, 569 bps and 416 bps higher returns than the Large-Cap REIT group 10-year CAGR average,(3) respectively. |

| (1) | Net earnings per share and Core FFO per share excluding Net Promote Income (Expense). Core funds from operations (FFO) per share is a non-GAAP measure. Please see Appendix A for a discussion and reconciliation to the most directly comparable GAAP measure. |

| (2) | Ten-year compound annual growth rate (“CAGR”). Core FFO per share is a non-GAAP measure. Please