ASSETS
Investments in real estate properties
Prologis, L.P.
97,014 95,241 95,129 95,037 94,333 92,741 91,246 92,094 89,734 89,428 88,667 87,022 86,550 82,386 81,623 55,955 55,271 53,543 53,005 52,459
Total investments in real estate properties
97,014 95,241 95,129 95,037 94,333 92,741 91,246 92,094 89,734 89,428 88,667 87,022 86,550 82,386 81,623 55,955 55,271 53,543 53,005 52,459
Less accumulated depreciation
Prologis, L.P.
15,783 15,298 14,729 14,345 13,827 13,291 12,758 12,333 11,869 11,431 10,931 10,439 9,977 9,508 9,036 8,559 8,252 7,942 7,668 7,404
Total less accumulated depreciation
15,783 15,298 14,729 14,345 13,827 13,291 12,758 12,333 11,869 11,431 10,931 10,439 9,977 9,508 9,036 8,559 8,252 7,942 7,668 7,404
Net investments in real estate properties
Prologis, L.P.
81,231 79,943 80,400 80,692 80,505 79,451 78,488 79,761 77,865 77,997 77,735 76,582 76,573 72,877 72,587 47,396 47,019 45,601 45,337 45,054
Total net investments in real estate properties
81,231 79,943 80,400 80,692 80,505 79,451 78,488 79,761 77,865 77,997 77,735 76,582 76,573 72,877 72,587 47,396 47,019 45,601 45,337 45,054
Investments in and advances to unconsolidated entities
Prologis, L.P.
11,467 11,242 11,094 10,543 10,618 10,287 10,079 10,093 9,765 9,691 9,544 9,092 9,931 9,680 9,699 8,659 8,444 8,679 8,611 7,652
Total investments in and advances to unconsolidated entities
11,467 11,242 11,094 10,543 10,618 10,287 10,079 10,093 9,765 9,691 9,544 9,092 9,931 9,680 9,699 8,659 8,444 8,679 8,611 7,652
Assets held for sale or contribution
Prologis, L.P.
499 500 203 359 253 546 249 326 516 383 462 798 617 734 531 614 404 374 670 572
Total assets held for sale or contribution
499 500 203 359 253 546 249 326 516 383 462 798 617 734 531 614 404 374 670 572
Net investments in real estate
Prologis, L.P.
93,197 91,685 91,697 91,594 91,377 90,284 88,816 90,180 88,146 88,071 87,741 86,472 87,121 83,291 82,817 56,670 55,866 54,654 54,618 53,278
Total net investments in real estate
93,197 91,685 91,697 91,594 91,377 90,284 88,816 90,180 88,146 88,071 87,741 86,472 87,121 83,291 82,817 56,670 55,866 54,654 54,618 53,278
Cash and cash equivalents
Prologis, L.P.
1,765 861 1,146 1,186 1,066 671 1,319 781 598 501 530 741 531 523 278 636 438 1,913 556 585
Total cash and cash equivalents
1,765 861 1,146 1,186 1,066 671 1,319 781 598 501 530 741 531 523 278 636 438 1,913 556 585
Other assets
Prologis, L.P.
6,050 5,588 5,881 5,561 5,274 5,039 5,194 4,945 4,794 4,739 4,750 4,737 4,740 4,707 4,801 3,639 3,460 3,213 3,312 3,153
Total other assets
6,050 5,588 5,881 5,561 5,274 5,039 5,194 4,945 4,794 4,739 4,750 4,737 4,740 4,707 4,801 3,639 3,460 3,213 3,312 3,153
Prologis, L.P.
101,012 98,133 98,724 98,341 97,717 95,993 95,329 95,905 93,537 93,310 93,021 91,949 92,392 88,521 87,897 60,946 59,764 59,780 58,486 57,017
Total assets
101,012 98,133 98,724 98,341 97,717 95,993 95,329 95,905 93,537 93,310 93,021 91,949 92,392 88,521 87,897 60,946 59,764 59,780 58,486 57,017
LIABILITIES AND EQUITY
Liabilities:
Debt
Prologis, L.P.
36,442 34,670 35,037 35,303 34,667 32,262 30,879 32,290 29,905 29,558 29,001 27,578 28,129 25,153 23,876 18,139 18,041 18,369 17,715 17,136
Total debt
36,442 34,670 35,037 35,303 34,667 32,262 30,879 32,290 29,905 29,558 29,001 27,578 28,129 25,153 23,876 18,139 18,041 18,369 215 17,136
Accounts payable and accrued expenses
Prologis, L.P.
2,530 1,681 1,964 1,847 1,628 1,620 1,769 1,808 1,648 1,752 1,766 1,721 1,582 1,508 1,712 1,318 1,042 1,206 1,253 1,442
Total accounts payable and accrued expenses
2,530 1,681 1,964 1,847 1,628 1,620 1,769 1,808 1,648 1,752 1,766 1,721 1,582 1,508 1,712 1,318 1,042 1,206 1,253 1,442
Other liabilities
Prologis, L.P.
3,921 3,834 3,970 3,979 4,116 4,036 4,064 4,143 4,062 4,203 4,431 4,389 4,603 4,395 4,447 1,882 1,807 1,743 1,776 1,682
Total other liabilities
3,921 3,834 3,970 3,979 4,116 4,036 4,064 4,143 4,062 4,203 4,431 4,389 4,603 4,395 4,447 1,882 1,807 1,743 1,776 1,682
Prologis, L.P.
42,892 40,185 40,970 41,129 40,410 37,918 36,712 38,241 35,614 35,513 35,197 33,689 34,314 31,056 30,034 21,339 20,890 21,318 20,744 20,259
Total liabilities
42,892 40,185 40,970 41,129 40,410 37,918 36,712 38,241 35,614 35,513 35,197 33,689 34,314 31,056 30,034 21,339 20,890 21,318 20,744 20,259
Equity:
Prologis, Inc. stockholders’ equity:
Series Q preferred stock at stated liquidation preference of $50 per share; $0.01 par value; 1,279 shares issued and outstanding and 100,000 authorized at June 30, 2026 and December 31, 2025
64 64 64 64 64 64 64 64 64 64 64 64 64 64 64 64 64 64 64 64
Common stock; $0.01 par value; 933,006 and 929,153 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively
9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 7 7 7 7 7
Additional paid-in capital
54,911 54,831 54,699 54,659 54,604 54,556 54,464 54,423 54,393 54,336 54,250 54,198 54,116 54,058 54,065 35,606 35,574 35,546 35,562 35,527
Accumulated other comprehensive loss
(398) (479) (676) (736) (766) (350) (120) (572) (156) (285) (514) (186) (332) (496) (444) (72) (329) (681) (878) (984)
Distributions in excess of net earnings
(860) (921) (902) (1,360) (1,183) (813) (466) (852) (965) (933) (627) (449) (391) (800) (458) (313) (741) (764) (1,328) (2,108)
Total Prologis, Inc. stockholders’ equity
53,726 53,503 53,193 52,636 52,729 53,467 53,951 53,072 53,345 53,191 53,182 53,636 53,466 52,835 53,237 35,293 34,576 34,172 33,427 32,506
Noncontrolling interests
Prologis, L.P.
3,304 3,316 3,317 3,328 3,312 3,320 3,323 3,285 3,277 3,311 3,324 3,298 3,302 3,305 3,318 3,324 3,333 3,324 3,398 3,336
Total noncontrolling interests
4,394 4,445 4,561 4,577 4,578 4,608 4,666 4,592 4,578 4,606 4,642 4,625 4,612 4,630 4,626 4,313 4,298 4,290 4,315 4,251
Total equity
58,120 57,948 57,754 57,212 57,307 58,075 58,617 57,664 57,923 57,797 57,824 58,261 58,078 57,465 57,863 39,606 38,874 38,462 37,742 36,757
Total capital
58,120 57,948 57,754 57,212 57,307 58,075 58,617 57,664 57,923 57,797 57,824 58,261 58,078 57,465 57,863 39,606 38,874 38,462 37,742 36,757
Prologis, L.P.
101,012 98,133 98,724 98,341 97,717 95,993 95,329 95,905 93,537 93,310 93,021 91,949 92,392 88,521 87,897 60,946 59,764 59,780 58,486 57,017
Total liabilities and equity
101,012 98,133 98,724 98,341 97,717 95,993 95,329 95,905 93,537 93,310 93,021 91,949 92,392 88,521 87,897 60,946 59,764 59,780 58,486 57,017
Capital:
Partners’ capital:
Total partners’ capital
54,815 54,632 54,437 53,884 53,995 54,755 55,294 54,379 54,646 54,486 54,499 54,963 54,775 54,161 54,545 36,283 35,541 35,138 34,345 33,422
