Prologis (PLD) Proxy filing summary

Executive summary

• Delivered strong financial and operational results in 2025, including record lease signings and 6% Core FFO per share growth over 2024.

• Achieved industry-leading total shareholder returns, outperforming major REIT and S&P 500 indices over multiple periods.

• Maintained a fortress balance sheet with A2/A credit ratings and $7.6B liquidity at year-end 2025.

• Expanded global platform, completed the IPO of China AMC Prologis Logistics REIT, and advanced data center and energy solutions strategies.

• Recognized for excellence in management, sustainability, and employee engagement by multiple third-party organizations.

Voting matters and shareholder proposals

• Shareholders to vote on election of 11 directors, advisory approval of 2025 executive compensation, and ratification of KPMG LLP as independent auditor for 2026.

• Board recommends voting FOR all proposals.

Board of directors and corporate governance

• 82% of director nominees are independent; all committee members are independent.

• Board refreshment ongoing, with nine new directors since 2015 and a balanced mix of tenures and backgrounds.

• Lead independent director role transitions to David O'Connor after 2026 meeting.

• Board committees: Audit, Governance, Compensation, and Executive; all have clear charters and responsibilities.

• No related-party transactions reported; strong stockholder rights, including proxy access and reduced thresholds for special meetings.