Company: PLDGP
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-067058
Chunk: 148

Company: Prologis, Inc.
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 148
---
| l |     | The foreign currency exchange gains and losses that are excluded from our modified FFO measures are generally recognized based on movements in foreign currency exchange rates through a specific point in time. The ultimate settlement of our foreign currency-denominated net assets is indefinite as to timing and amount. Our FFO measures are limited in that they do not reflect the current period changes in these net assets that result from periodic foreign currency exchange rate movements. |

| l |     | The gains and losses on extinguishment of debt or preferred stock that we exclude from our Core FFO may provide a benefit or cost to us as we may be settling our obligation at less or more than our future obligation. |

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

We compensate for these limitations by using our FFO measures only in conjunction with net earnings computed under GAAP when making our decisions. This information should be read with our complete Consolidated Financial Statements prepared under GAAP. To assist investors in compensating for these limitations, we reconcile our modified FFO measures to our net earnings computed under GAAP as follows (in millions).

| Reconciliation of net earnings to FFO measures:                                                                 |     |   |    2024 |   |     |   |    2023 |   |     |   |    2022 |   |     |   |    2021 |   |     |   |    2020 |   |     |   |    2019 |   |     |   |    2018 |   |
|:----------------------------------------------------------------------------------------------------------------|:----|:--|--------:|:--|:----|:--|--------:|:--|:----|:--|--------:|:--|:----|:--|--------:|:--|:----|:--|--------:|:--|:----|:--|--------:|:--|:----|:--|--------:|:--|
| Net earnings attributable to common stockholders                                                                |     | $ | 3,725.8 |   |     | $ | 3,053.4 |   |     | $ | 3,358.8 |   |     | $ | 2,933.6 |   |     | $ | 1,473.1 |   |     | $ | 1,567.0 |   |     | $ |