Prologis (PLD) Investor presentation summary

Integrated platform and market positioning

• Operates a global logistics, digital infrastructure, and distributed energy platform, serving major population centers and adapting to shifts in commerce, AI, and cloud computing demand.

• Owns, operates, and develops 1.3B square feet across 20 countries, with $240B in assets under management and a customer base of 6,500.

• Portfolio is strategically located in supply-constrained, high-income density regions, maximizing alignment with consumption, labor, and transportation hubs.

Development, data centers, and energy solutions

• Achieved $49.5B in global development investment since 2001, creating 579M square feet and $14.2B in value at a 28.6% margin.

• Maintains a 5.8 GW power pipeline for data centers, with 1.6 GW secured and 4.2 GW in advanced discussions, supporting large-scale digital infrastructure growth.

• Targets 7.5-10% yields and 25-50% margins on data center developments, with $2.5B and 680 MW currently under development.

• Deployed 1.4 GW of solar and battery storage, providing resilient onsite energy and EV charging for mission-critical operations.

Financial strength and shareholder value

• Maintains an A2/A credit rating, $7.6B liquidity, 24% debt/gross market cap, and 4.7x debt/adjusted EBITDA, supporting a fortress balance sheet.

• Strategic capital platform manages $104B in AUM, including $68B third-party co-investment, generating durable fee streams and optimizing capital recycling.

• Self-funding model drives high-single-digit annualized growth, leveraging organic rent growth, value creation from development, and AUM expansion.

• Delivered a 267% 10-year cumulative shareholder return and 10% dividend CAGR, outperforming REIT and S&P 500 benchmarks.