Unaudited Fourth Quarter 2013 Earnings Release and Supplemental Information Exhibit 99.1

Copyright © 2014 Prologis Supplemental 4Q 2013 Table of Contents Prologis Park Iwanuma, Miyagi, Japan Douglas Hill Park Distribution Center, Atlanta, Georgia, USA Cover: Prologis Park 275, Hebron, Kentucky, USA Prologis Park Nove Mesto, Bratislava, Slovakia Overview Press Release 1 Highlights Company Profile 4 Company Performance 5 Financial Information Consolidated Balance Sheets 6 Consolidated Statements of Operations 7 Reconciliation of Net Earnings (Loss) to FFO 8 EBITDA Reconciliation 9 Pro-rata Information 10 Operations Overview Operating Portfolio 12 Operating Metrics 15 Customer Information 17 Capital Deployment Overview 18 Dispositions and Contributions 19 Third Party Building Acquisitions and Equity Invested in Co-Investment Ventures 20 Development Starts 21 Value Creation from Development Stabilization 22 Development Portfolio 23 Land Portfolio 24 Co-Investment Ventures Summary and Financial Highlights 26 Operating and Balance Sheet Information 27 Capitalization Debt and Equity Summary 28 Debt Covenants and Other Metrics 29 Assets Under Management 30 Net Asset Value Components 31 Notes and Definitions 33

Copyright © 2014 Prologis 1 Prologis, Inc. Announces Fourth Quarter 2013 Earnings Results - Leased record 43.7 million square feet in Q4 and 152 million square feet in 2013 - - Occupancy increased to 95.1 percent at year end - - $426 million in estimated value creation with estimated margin of 30.4 percent from 2013 stabilizations- - Raised record $4.1 billion of third-party equity in 2013 - SAN FRANCISCO (Jan. 30, 2014) – Prologis, Inc. (NYSE: PLD), the leading global owner, operator and developer of industrial real estate, today reported results for the fourth quarter and full year 2013. Core funds from operations (Core FFO) per fully diluted share was $0.43 for the fourth quarter 2013 compared to $0.42 for the same period in 2012. Core FFO per fully diluted share in 2013 was $1.65 compared to $1.74 for 2012. Net earnings per fully diluted share was $0.12 for the fourth quarter 2013 compared to a net loss of $0.50 for the same period in 2012. Net earnings per share was $0.64 for 2013 compared to a net loss of $0.18 in 2012. The year- over-year increase was primarily due to gains on the disposition of assets. “Our financial and operating results for the fourth quarter and full year reflect the strong market fundamentals that continued throughout 2013,” said Hamid R. Moghadam, chairman and CEO, Prologis. “We significantly increased occupancy with solid rent growth, exceeded our value creation objectives with above-average development margins, and substantially grew our Investment Management business.” “As we look forward, the combination of rental growth, the profitable build-out of our land bank, and improvements in efficiencies resulting from our global scale sets us up well for an extended period of robust earnings growth,” Moghadam added. Operating Portfolio Metrics The company leased a record 43.7 million square feet (4.1 million square meters) in its combined operating and development portfolios in the fourth quarter, and 152 million square feet (14.1 million square meters) in 2013. Prologis ended the quarter with 95.1 percent occupancy in its operating portfolio, up 120 basis points over the prior quarter. Tenant retention in the quarter was 86.8 percent, with tenant renewals totaling 27.4 million square feet (2.5 million square meters). GAAP rental rates on leases signed in the quarter increased 5.9 percent from prior rents compared to a decrease of 2.1 percent in the same period in 2012. In the fourth quarter, GAAP same-store net operating income (NOI) increased 2.7 percent, and 3.0 percent on an adjusted cash basis. Investment Management During the fourth quarter, Prologis raised $1.8 billion in third-party equity, leading to a record $4.1 billion in 2013. With the closing of Prologis U.S. Logistics Venture (USLV), the company has $26.4 billion in assets under management in 15 ventures. Capital Deployment The company increased its total assets owned and under management to $48.2 billion, up from $44.8 billion at December 31, 2012, an increase of 7.8 percent. Acquisitions & Equity Investments in Co-investment Ventures During the fourth quarter, the company invested $539 million ($351 million Prologis’ share) in building acquisitions and equity in Prologis SGP Mexico. The stabilized capitalization rate on building acquisitions was 6.7 percent. In 2013, the company invested $2.4 billion ($1.8 billion Prologis’ share) in building acquisitions and equity in six of its co-investments. The stabilized capitalization rate on building acquisitions was 6.5 percent. Development Starts and Pipeline During the quarter, the company started $578 million ($491 million Prologis’ share) of new development projects, 29 percent of which were build-to-suits. In 2013, the company initiated $1.8 billion ($1.5 billion Prologis’ share) of new development projects, 42 percent of which were build-to-suits. The starts had an estimated weighted average yield at stabilization of 7.6 percent and an estimated development margin of 19.1 percent. With these projects, the company monetized $450 million of land, and its estimated share of value creation on these starts was $277 million. The company stabilized $514 million ($429 million Prologis’ share) in development projects during the fourth quarter, with an estimated margin of 27.9 percent and $143 million ($125 million Prologis’ share) in estimated value creation. For 2013, the company stabilized $1.4 billion ($1.2 billion Prologis’

Copyright © 2014 Prologis 2

Copyright © 2014 Prologis 3

Copyright © 2014 Prologis Supplemental 4Q 2013 Prologis is the leading owner, operator and developer of industrial real estate, focused on global and regional markets across the Americas, Europe and Asia. As of December 31, 2013, Prologis owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects totaling 569 million square feet (52.9 million square meters) in 21 countries. These properties are leased to more than 4,500 customers, including third-party logistics providers, transportation companies, retailers, manufacturers and other enterprises. Highlights Company Profile 4 (A) Generally represents properties in which Prologis has an ownership interest but does not manage (6 msf) and other properties owned by Prologis (4 msf), which includes value added properties (2 msf). (B) Original cost basis for the total land portfolio is $2.5 billion. Number of operating portfolio buildings 2,238 611 72 357 142 30 17 5 8 7 2 1 Total (msf) 381 149 39 $1,228 $433 $709 6,997 2,949 138 $914 $612 $59 TOTAL 529 $1,585 $2,370 10 30 569 10,084 2,921 Land (acres) Land book value (millions) (B) AMERICAS (4 countries) ASIA (3 countries) EUROPE (14 countries) Operating Portfolio (msf) Development Portfolio (msf) Other (msf) (A) Development portfolio TEI (millions)

Copyright © 2014 Prologis Supplemental 4Q 2013 Highlights Company Performance 5

Copyright © 2014 Prologis Supplemental 4Q 2013 Financial Information Consolidated Balance Sheets 6 (in thousands)

Copyright © 2014 Prologis Supplemental 4Q 2013 Financial Information Consolidated Statements of Operations 7 (A) See Calculation of Per Share Amounts in the Notes and Definitions. (in thousands, except per share amounts) 379,208 $ 470,294 $ 1,559,493 $ 1,823,781 $ 53,907 31,715 179,472 126,779 3,649 4,099 11,521 9,958 436,764 506,108 1,750,486 1,960,518 104,936 127,916 451,938 491,239 22,341 16,134 89,279 63,820 63,067 60,608 229,207 228,068 165,453 183,338 648,668 724,262 9,488 9,414 26,982 26,556 - 28,103 - 80,676 - 243,138 - 252,914 365,285 668,651 1,446,074 1,867,535 71,479 (162,543) 304,412 92,983 37,666 11,229 97,220 31,676 4,147 5,107 17,549 22,299 (87,832) (123,074) (379,327) (505,215) 151,702 24,639 597,656 305,607 (32,619) (2,567) (24,234) (19,918) (112,859) (19,033) (277,014) (14,114) - - - (16,135) (39,795) (103,699) 31,850 (195,800) 31,684 (266,242) 336,262 (102,817) 22,199 3,364 106,733 3,580 9,485 (269,606) 229,529 (106,397) 1,832 5,646 6,970 40,827 56,952 48,620 116,550 35,098 58,784 54,266 123,520 75,925 68,269 (215,340) 353,049 (30,472) (7,077) (3,068) (10,128) (9,248) 61,192 (218,408) 342,921 (39,720) (2,135) (10,305) (18,391) (41,226) - - (9,108) - 59,057 $ (228,713) $ 315,422 $ (80,946) $ 503,760 462,346 491,546 461,848 0.12 $ (0.50) $ 0.64 $ (0.18) $ 2013 2012 Twelve Months Ended December 31, Expenses: 2013 2012 Revenues: Rental income Investment management income Development management and other income Total revenues Three Months Ended December 31, Interest expense Rental expenses Investment management expenses General and administrative expenses Impairment of real estate properties Depreciation and amortization Merger, acquisition and other integration expenses Total expenses Operating income (loss) Other income (expense): Earnings from unconsolidated entities, net Interest income Other expenses Discontinued operations: Impairment of other assets Gains on acquisitions and dispositions of investments in real estate, net Foreign currency and derivative gains (losses) and other income (expenses), net Losses on early extinguishment of debt, net Total other income (expense) Earnings (loss) before income taxes Income tax expense - current and deferred Earnings (loss) from continuing operations Income attributable to disposed properties and assets held for sale Net gains on dispositions, including related impairment charges and taxes Consolidated net earnings (loss) Net earnings attributable to noncontrolling interests Net earnings (loss) attributable to controlling interests Preferred stock dividends Net earnings (loss) attributable to common stockholders Total discontinued operations Net earnings (loss) per share attributable to common stockholders - Diluted Weighted average common shares outstanding - Diluted (A) Loss on preferred stock redemption

Copyright © 2014 Prologis Supplemental 4Q 2013 Financial Information Reconciliations of Net Earnings (Loss) to FFO 8 59,057 $ (228,713) $ 315,422 $ (80,946) $ 159,489 177,702 624,573 705,717 - 13,141 - 34,801 (76,751) (61,434) (271,315) (207,033) (1,310) (5,592) (8,993) (27,680) 42,107 20,740 153,710 115,790 1,738 2,292 6,082 11,533 184,330 (81,864) 819,479 552,182 33,457 (666) 32,870 14,892 1,704 (2,162) 656 (8,804) (6,892) (3,507) 2,168 (5,835) 212,599 (88,199) 855,173 552,435 (117,887) (5,835) (336,815) (121,303) 112,859 19,033 286,122 14,114 Our share of reconciling items included in earnings from unconsolidated entities 7,484 12,717 8,744 23,097 - 229,997 - 264,844 - 28,103 - 80,676 2,456 284,015 (41,949) 261,428 215,055 $ 195,816 $ 813,224 $ 813,863 $ (5,011) (5,543) (22,968) (27,753) (31,445) (36,037) (93,841) (90,144) (28,076) (26,970) (102,138) (95,566) (18,632) (19,481) (64,094) (56,629) Amortization of management contracts 1,332 1,805 5,726 6,419 Amortization of debt discounts (premiums) and financing costs, net of capitalization (4,528) (6,877) (19,387) (19,688) Cash received on net investment hedges 1,804 - 7,848 - Stock compensation expense 17,055 8,073 56,474 32,678 Core AFFO 147,554 $ 110,786 $ 580,844 $ 563,180 $ Common stock dividends 141,127 $ 131,624 $ 554,242 $ 522,986 $ 2012 Twelve Months Ended December 31, 2013 2012 Three Months Ended December 31, Unrealized foreign currency and derivative losses (gains) and related amortization, net Deferred income tax expense (benefit) Our share of reconciling items included in earnings from unconsolidated co-investment ventures Impairment charges on certain real estate properties 2013 Our share of reconciling items included in earnings from other unconsolidated joint ventures Straight-lined rents and amortization of lease intangibles Property improvements Tenant improvements Leasing commissions Reconciliation of net earnings (loss) to FFO Subtotal-NAREIT defined FFO FFO, as defined by Prologis Reconciling items related to noncontrolling interests Core FFO Net earnings (loss) attributable to common stockholders Add (deduct) NAREIT defined adjustments: Add (deduct) our defined adjustments: Real estate related depreciation and amortization Net gains on non-FFO acquisitions and dispositions Our share of reconciling items included in earnings from unconsolidated co-investment ventures Adjustments to arrive at Core Adjusted FFO ("Core AFFO"), including our share of unconsolidated entities: Adjustments to arrive at Core FFO, including our share of unconsolidated entities: Adjustments to arrive at Core FFO Impairment charges Merger, acquisition and other integration expenses Losses on early extinguishment of debt and redemption of preferred stock, net Net gains on acquisitions and dispositions of investments in real estate, net of expenses (in thousands)

Copyright © 2014 Prologis Supplemental 4Q 2013 Financial Information EBITDA Reconciliation 9 Reconciliation of net earnings (loss) to Adjusted EBITDA 59,057 $ (228,713) $ 315,422 $ (80,946) $ (208,654) (73,259) (714,206) (371,301) 165,453 183,338 648,668 724,262 87,832 123,074 379,327 505,215 112,859 19,033 277,014 14,114 22,199 3,364 106,733 3,580 - - (29,533) 12,352 (1,832) (5,646) (6,970) (40,827) - (113) - (431) 7,077 3,068 10,128 9,248 2,135 10,305 27,499 41,226 33,457 (666) 32,870 14,892 Stock compensation expense (B) 17,055 8,073 59,474 32,678 1,992 - 2,977 - - 243,138 - 299,645 - 28,103 - 80,676 298,630 313,099 1,109,403 1,244,383 (6,004) (2,330) (14,963) 1,993 50,293 32,101 172,975 129,547 19,186 22,659 89,269 92,381 1,086 5,674 2,222 11,673 4,411 1,271 14,898 6,738 (6,892) (3,507) 2,168 (5,835) 5,954 - 8,302 - - 304 - 4,200 366,664 $ 369,271 $ 1,384,274 $ 1,485,080 $ Depreciation and amortization from continuing operations Pro forma adjustment (A) 2012 2013 Interest expense from continuing operations Current and deferred income tax expense from continuing operations Twelve Months Ended December 31, 2013 2012 Net gains on acquisitions and dispositions of investments in real estate, net Net earnings (loss) attributable to common stockholders Three Months Ended December 31, Losses on early extinguishment of debt Adjusted EBITDA Interest expense Current income tax expense Depreciation and amortization Unrealized losses (gains) and deferred income tax expense (benefit), net Income attributable to disposal properties and assets held for sale Net losses (gains) on dispositions of investments in real estate, net Adjusted EBITDA, prior to our share of unconsolidated entities Unrealized foreign currency and derivative losses (gains) and related amortization, net Net earnings attributable to noncontrolling interest Preferred stock dividends and loss on preferred stock redemption NOI attributable to assets held for sale Impairment charges Merger, acquisition and other integration expenses Acquisition expenses Acquisition expenses Our share of reconciling items from unconsolidated entities: Losses on early extinguishment of debt Impairment of real estate properties and other assets (in thousands) (A) Adjustments during 2013 include the effects of Nippon Prologis REIT, Inc. (“NPR”) and Prologis European Logistics Partners Sarl (“PELP”) as if we made the first quarter contribution at the beginning of the year (i.e. removing actual NOI recognized and replacing with an estimate of our share of NOI and fees). Adjustments during 2012 include the effects of Prologis North American Industrial Fund II and Prologis California to reflect NOI for the full period. (B) The twelve months ended December 31, 2013 include an adjustment for investment management expense related to the promote earned in the second quarter as the promote revenue is not included in Adjusted EBITDA.

Copyright © 2014 Prologis Supplemental 4Q 2013 Financial Information Pro-rata Balance Sheet Information 10 (in thousands) Investments in real estate assets: 17,801,064 $ (497,512) $ 7,206,615 $ 24,510,167 $ 17,121,662 $ 41,631,829 3,023,413 (25,665) 118,680 3,116,428 241,146 3,357,574 (2,568,998) 23,756 (501,377) (3,046,619) (1,266,800) (4,313,419) 18,255,479 (499,421) 6,823,918 24,579,976 16,096,008 40,675,984 4,430,239 (84,321) (4,345,918) - 84,321 84,321 1,886,589 (114,545) 176,634 1,948,678 839,944 2,788,622 Total assets 24,572,307 $ (698,287) $ 2,654,634 $ 26,528,654 $ 17,020,273 $ 43,548,927 Liabilities: 9,011,216 $ (175,211) $ 2,107,076 $ 10,943,081 $ 5,780,648 $ 16,723,729 1,384,638 (57,724) 547,558 1,874,472 1,029,239 2,903,711 Total liabilities 10,395,854 (232,935) 2,654,634 12,817,553 6,809,887 19,627,440 Equity: 13,711,101 - - 13,711,101 10,210,386 23,921,487 465,352 (465,352) - - - - Total equity 14,176,453 (465,352) - 13,711,101 10,210,386 23,921,487 Total liabilities and equity $ 24,572,307 $ (698,287) $ 2,654,634 $ 26,528,654 $ 17,020,273 $ 43,548,927 Noncontrolling interests Debt Other liabilities Stockholders' / partners' equity On this page and the following page, we present balance sheet and income statement information on a pro-rata basis reflecting our proportionate economic ownership of each entity included in our Total Owned and Managed portfolio. The consolidated amounts shown are derived from, and prepared on a consistent basis with, our consolidated financial statements. The PLD Share of Unconsolidated Co-Investment Ventures column was derived on an entity-by-entity basis by applying our ownership percentage to each line item to calculate our share of that line item. For purposes of balance sheet data, we used our ownership percentage at the end of the period and for operating information, we used our average ownership percentage for the period, consistent with how we calculate our share of net earnings (loss) during the period. We used a similar calculation to derive the noncontrolling interests’ share of each line item. In order to present the Total Owned and Managed portfolio, we added our investors’ share of each line item in the unconsolidated co-investment ventures and the noncontrolling interests share of each line item to the PLD Total Share. PLD Total Share Investors' Share of Ventures Total Owned and Managed Assets: Plus PLD Share of Unconsolidated Co-Investment Ventures Net investments in properties Pro-rata Balance Sheet Information as of December 31, 2013 Consolidated Less Non Controlling Interest Liabilities and Equity: Gross operating properties Other real estate Less accumulated depreciation Investments in unconsolidated entities Other assets

Copyright © 2014 Prologis Supplemental 4Q 2013 Financial Information Pro-rata Operating Information 11 (in thousands) 379,208 $ (11,396) $ 139,395 $ 507,207 $ 329,627 $ 836,834 $ 53,907 - - 53,907 - 53,907 3,649 (295) 1,244 4,598 2,014 6,612 436,764 (11,691) 140,639 565,712 331,641 897,353 104,936 (2,514) 30,159 132,581 76,424 209,005 22,341 - - 22,341 - 22,341 63,067 - 8,898 71,965 17,980 89,945 165,453 (2,539) 48,009 210,923 118,236 329,159 9,488 (351) 7,727 16,864 21,476 38,340 365,285 (5,404) 94,793 454,674 234,116 688,790 - - 71,479 (6,287) 45,846 111,038 97,525 208,563 36,802 (218) (36,584) - - - 864 - - 864 - 864 4,147 - 428 4,575 569 5,144 (87,832) 1,605 (18,117) (104,344) (54,086) (158,430) 151,702 (1,418) 6,795 157,079 20,294 177,373 (32,619) 437 2,633 (29,549) 3,560 (25,989) (112,859) 109 (1,021) (113,771) (1,446) (115,217) (22,199) 705 20 (21,474) 408 (21,066) 58,784 (2,010) - 56,774 2,010 58,784 68,269 (7,077) - 61,192 68,834 130,026 (7,077) 7,077 - - - - (2,135) - - (2,135) - (2,135) 59,057 - - 59,057 68,834 127,891 159,489 (2,962) 48,006 204,533 118,646 323,179 (76,751) 2,077 (6,534) (81,208) (20,712) (101,920) (1,310) 1,310 - - - - 33,457 (425) (1,952) 31,080 (3,384) 27,696 1,704 - (4,305) (2,601) (6,931) (9,532) 35,215 - (35,215) - - - 1,738 - - 1,738 - 1,738 212,599 - - 212,599 156,453 369,052 (117,887) - 6,398 (111,489) 15,255 (96,234) 112,859 - 1,086 113,945 1,272 115,217 7,484 - (7,484) - - - 215,055 $ - $ - $ 215,055 $ 172,980 $ 388,035 $ Foreign currency and derivative gains (losses) and other income (expenses), net Net earnings (loss) attributable to common stockholders FFO, as defined by Prologis Net losses (gains) on acquisitions and dispositions of investments in real estate, net of expenses Our share of reconciling items included in earnings from unconsolidated entities Losses (gains) on early extinguishment of debt and redemption of preferred stock, net Core FFO Gains (losses) on early extinguishment of debt, net Income tax benefit (expense) - current and deferred Discontinued operations income (loss) Net loss (earnings) attributable to noncontrolling interests Preferred stock dividends Consolidated net earnings (loss) Deferred income tax expense (benefit) Our share of reconciling items included in earnings from other unconsolidated joint ventures Add (deduct) adjustments to arrive at FFO, as defined by Prologis: Our share of reconciling items included in earnings from unconsolidated co-investment ventures Real estate related depreciation and amortization Net losses (gains) on non-FFO acquisitions and dispositions Reconciling items related to noncontrolling interests Unrealized foreign currency, derivative losses (gains) and related amortization, net Earnings from other unconsolidated joint ventures, net Total Owned and Managed Plus PLD Share of Unconsolidated Co-Investment Ventures PLD Total Share Less Non Controlling Interest Total revenues Pro-rata Operating Information for Three Months Ended December 31, 2013 Consolidated General and administrative expenses Adjustments to arrive at Core FFO, including our share of unconsolidated entities: Interest expense Gains on acquisitions and dispositions of investments in real estate, net Investors' Share of Ventures Development management and other income Expenses: Rental expenses Investment management expenses Revenues: Rental income Investment management income Depreciation and amortization Other expenses Total expenses Operating income (loss) Interest income Earnings from unconsolidated co-investment ventures, net

Copyright © 2014 Prologis Supplemental 4Q 2013 Operations Overview Operating Portfolio – Square Feet, Occupied and Leased 12 (A) Selected and ordered by Prologis share of NOI ($). (square feet in thousands)

Copyright © 2014 Prologis Supplemental 4Q 2013 Operations Overview Operating Portfolio – NOI and Gross Book Value 13 (A) Prologis’ share of NOI for the properties that were contributed to the co-investment ventures includes 100% of the NOI until the contribution date and then Prologis’ share subsequent to the contribution. (B) Selected and ordered by Prologis share of NOI ($). (dollars in thousands)

Copyright © 2014 Prologis Supplemental 4Q 2013 14 (A) Prologis’ share of NOI for the properties that were contributed to the co-investment ventures includes 100% of the NOI until the contribution date and then Prologis’ share subsequent to the contribution. Operations Overview Operating Portfolio – Summary by Division (square feet and dollars in thousands)

Copyright © 2014 Prologis Supplemental 4Q 2013 Operations Overview Operating Metrics – Owned and Managed 15 (A) Turnover costs per foot represent expected costs based on the leases signed during the quarter. (square feet and dollars in thousands)

Copyright © 2014 Prologis Supplemental 4Q 2013 Operations Overview Operating Metrics – Owned and Managed 16 (A) Turnover costs represent costs incurred during the quarter. (B) See the Notes and Definitions for further explanations. (square feet and dollars in thousands) Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2013 Q2 2013 Q3 2013 Q4 2013 18,264 $ 25,046 $ 35,668 $ 44,020 $ 510,295 508,242 494,941 489,808 0.03 $ 0.05 $ 0.07 $ 0.08 $ Rental income 2.7% 1.4% 1.9% 0.8% 27,241 34,915 32,213 36,116 Rental expenses 9.1% 3.5% 3.2% (4.2%) 18,344 26,827 17,992 26,450 Net operating income - GAAP 0.3% 0.7% 1.4% 2.7% Total turnover costs (A) 45,585 61,742 50,205 62,566 Net operating income - adjusted cash 1.8% (0.4%) 1.8% 3.0% 63,849 $ 86,788 $ 85,873 $ 106,586 $ Average occupancy 1.6% 1.9% 0.9% 0.7% Trailing four quarters - % of gross NOI 14.0% 14.8% 14.9% 14.5% 75.3% 75.9% 79.1% 73.3% 48,076 $ 65,895 $ 67,949 $ 78,153 $ ` Don’t Delete this cell Same Store Information (B) Prologis share Weighted average ownership percent $ per square foot Total capital expenditures Leasing commissions Property improvements Tenant improvements Capital Expenditures Incurred Square feet of population Percentage change: $0.06 $0.06 $0.06 $0.06 $0.02 $0.04 $0.06 $0.08 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Property Improvements by Square Foot (trailing four quarters)

Copyright © 2014 Prologis Supplemental 4Q 2013 Operations Overview Customer Information – Owned and Managed 17 1 DHL 1.8% 10,687 Month to month customers $ 38,313 1.3% 10,797 2.2% 2 CEVA Logistics 1.3% 6,670 2014 388,995 13.8% 72,618 14.4% 3 Kuehne + Nagel 1.2% 5,963 2015 517,194 18.3% 97,248 19.3% 4 Amazon.com, Inc. 1.0% 4,658 2016 468,076 16.6% 89,187 17.7% 5 Geodis 0.9% 5,698 2017 390,485 13.8% 70,801 14.1% 6 Home Depot, Inc. 0.9% 4,177 2018 327,404 11.6% 54,622 10.9% 7 Hitachi Ltd 0.8% 2,208 Thereafter 695,635 24.6% 107,715 21.4% 8 United States Government 0.8% 1,477 Total $ 2,826,102 100.0% 502,988 100.0% 9 FedEx Corporation 0.8% 2,263 10 Tesco PLC 0.7% 2,693 10.2% 46,494 11 PepsiCo 0.7% 4,883 12 Panasonic Co., Ltd. 0.6% 1,678 Month to month customers $ 28,256 1.6% 8,312 2.5% 13 Wal-Mart Stores, Inc. 0.5% 3,236 2014 242,074 13.8% 47,617 14.4% 14 Panalpina, Inc. 0.5% 2,421 2015 321,192 18.3% 63,610 19.3% 15 Bayerische Motoren Werke Ag (BMW) 0.5% 2,273 2016 296,390 16.8% 59,237 17.9% 16 UPS SCS (United Parcel Service Inc.) 0.5% 2,244 2017 244,241 13.9% 46,549 14.1% 17 Ingram Mico 0.5% 3,018 2018 203,322 11.6% 34,828 10.5% 18 Nippon Express Group 0.4% 1,328 Thereafter 421,640 24.0% 70,438 21.3% 19 National Distribution Centers LP 0.4% 3,720 Total $ 1,757,115 100.0% 330,591 100.0% 20 ND Logistics 0.4% 2,167 21 DB Schenker 0.4% 2,474 22 LG Electronics, Inc. 0.4% 2,540 23 Con-Way (Menlo) 0.4% 2,794 24 La Poste 0.4% 1,278 25 Schneider Electric SA 0.4% 1,640 17.2% 84,188 Top 10 Customers Top 25 Customers Lease Expirations - Operating Portfolio - Prologis Share Year Annual Base Rent Percentage of Total Occupied Square Feet Percentage of Total Percentage of Total Top Customers Lease Expirations - Operating Portfolio - Owned and Managed Year Percentage of Total % of Annual Base Rent Total Square Feet Occupied Square Feet Annual Base Rent (square feet and dollars in thousands)

Copyright © 2014 Prologis Supplemental 4Q 2013 Capital Deployment Overview – Owned and Managed 18 (A) Includes acquisitions and infrastructure costs. $- $400 $800 $1,200 $1,600 $2,000 2009 2010 2011 2012 2013 Americas Europe Asia $314 $759 $1,017 $1,553 $1,771 Development Starts (TEI) (in millions) Building Acquisitions and Equity Investments (in millions) Value Creation from Development Stabilizations (in millions) Land Activity (in millions) $- $400 $800 $1,200 $1,600 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Third Party Building Acquisitions Equity Invested in Co-Investment Ventures $34 $512 $1,322 $- $40 $80 $120 $160 $200 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Americas Europe Asia $78 $15 $190 $(300) $(200) $(100) $- $100 $200 Acquisitions (A) Dispositions Development Starts Foreign currency and other Q1 2013 Q2 2013 Q3 2013 Q4 2013 ($27) ($89) ($43) $539 ($149) $143

Copyright © 2014 Prologis Supplemental 4Q 2013 Capital Deployment Dispositions and Contributions 19 (A) Prologis share reflects our effective ownership. For contributions, this amount reflects net cash proceeds to Prologis (net of units received for partial consideration). (B) This is a consolidated co-investment venture. (C) During the second quarter of 2013, Prologis acquired the noncontrolling interest in this venture. (D) In connection with the dissolution of this co-investment venture in August 2013, we acquired the remaining properties of this venture. (E) In connection with the wind down of this co-investment venture in June 2013, all the properties owned by this co-investment venture were acquired by Prologis or NPR. (square feet and dollars in thousands)

Copyright © 2014 Prologis Supplemental 4Q 2013 Capital Deployment Third Party Building Acquisitions and Equity Invested in Co-Investment Ventures Prologis Share of Prologis Share of Acquisition Cost (%) (A) Acquisition Cost (%) (A) Third Party Building Acquisitions Prologis wholly owned 2,128 2,128 99,456 $ 99,456 $ 100.0% 3,262 3,262 152,747 $ 152,747 $ 100.0% Prologis Targeted U.S. Logistics Fund 875 226 65,426 16,919 25.9% 4,369 1,139 282,034 74,108 26.3% Total Americas 3,003 2,354 164,882 116,375 70.6% 7,631 4,401 434,781 226,855 52.2% Prologis Targeted Europe Logistics Fund - - - - - 72 36 6,915 3,404 49.2% Prologis European Properties Fund II 2,301 748 206,676 67,129 32.5% 2,569 832 227,975 73,805 32.4% Prologis European Logistics Partners - - - - - 2,584 1,293 383,379 191,689 50.0% Total Europe 2,301 748 206,676 67,129 32.5% 5,225 2,161 618,269 268,898 43.5% Asia - - - - - - - - - - 5,304 3,102 371,558 $ 183,504 $ 49.4% 12,856 6,562 1,053,050 $ 495,753 $ 47.1% 6.7% 6.5% Before After (B) Prologis Institutional Alliance Fund II (C) - - - $ 274,326 $ Prologis SGP Mexico 21.6% 100.0% 167,634 167,634 Prologis North American Industrial Fund III - - - 423,781 Prologis Targeted U.S. Logistics Fund - - - 100,000 Prologis Targeted Europe Logistics Fund - - - 209,465 Prologis European Properties Fund II - - - 178,574 167,634 $ 1,353,780 $ FY 2013 Total Equity Invested Weighted average stabilized cap rate Q4 2013 Total Equity Invested in Co-Investment Ventures Equity Invested in Co-Investment Ventures Ownership Total Equity Invested Q4 2013 Total Third Party Building Acquisitions Europe Americas FY 2013 Prologis Share of Acquisition Cost ($) Prologis Share of Square Feet Square Feet Acquisition Cost Prologis Share of Acquisition Cost ($) Acquisition Cost Square Feet Prologis Share of Square Feet (square feet and dollars in thousands) (A) Prologis share reflects our effective ownership. (B) May include the impact of other equity investments by our partners. (C) This was a consolidated co-investment venture before we acquired our partners’ interest in the second quarter of 2013. 20

Copyright © 2014 Prologis Supplemental 4Q 2013 Capital Deployment Development Starts 21 (in thousands, except percent) (A) Value Creation excludes fees or promotes that we may earn. See complete definition in the Notes and Definitions section.

Copyright © 2014 Prologis Supplemental 4Q 2013 Capital Deployment Value Creation from Development Stabilization 22 (A) Value Creation excludes fees or promotes that we may earn. See complete definition in the Notes and Definitions section. (in thousands, except percent) Square Feet Prologis Share of Square Feet Total Expected Investment Prologis Share of Total Expected Square Feet Prologis Share of Square Feet Total Expected Investment Prologis Share of Total Expected Americas 1,793 1,793 $155,522 $155,522 4,909 4,909 $341,937 $341,937 Prologis Targeted U.S. Logistics Fund - - - - 272 73 29,730 8,026 Prologis Mexico Fondo Logistico 235 47 13,080 2,616 235 47 13,080 2,616 Brazil Fund and joint ventures 564 141 53,794 13,449 1,893 474 180,180 45,046 Total Americas 2,592 1,981 222,396 171,587 7,309 5,503 564,927 397,625 Europe 564 564 55,407 55,407 2,128 2,128 165,428 165,428 Prologis Targeted Europe Logistics Fund 47 20 5,955 2,564 47 20 5,955 2,564 611 584 61,362 57,971 2,175 2,148 171,383 167,992 Asia 1,591 1,591 194,198 194,198 5,156 5,156 628,659 628,659 Prologis China Logistics Venture I 585 88 35,706 5,356 585 88 35,706 5,356 2,176 1,679 229,904 199,554 5,741 5,244 664,365 634,015 Total 5,379 4,244 $513,662 $429,112 15,225 12,895 $1,400,675 $1,199,632 Weighted average estimated stabilized yield 8.2% 8.1% $41,884 $113,589 Weighted average estimated cap rate at stabilization 6.1% 6.1% $143,382 $426,205 Estimated development margin 27.9% 30.4% Prologis share of estimated value creation (A) 87.3% 87.4% Prologis share of estimated value creation (A) $125,184 $372,378 Total Europe Consolidated Pro forma NOI Estimated value creation (A) Total Asia Consolidated Q4 2013 FY 2013 Consolidated

Copyright © 2014 Prologis Supplemental 4Q 2013 Capital Deployment Development Portfolio 23 (in thousands, except percent) (A) Value creation excludes fees or promotes that we may earn. See complete definition in the Notes and Definitions section.

Copyright © 2014 Prologis Supplemental 4Q 2013 Capital Deployment Land Portfolio – Owned and Managed 24 (A) Represents estimated finished square feet available for rent upon completion of an industrial building on existing parcels of land. (B) Ordered by our share of current book value. (square feet and dollars in thousands)

Copyright © 2014 Prologis Supplemental 4Q 2013 Capital Deployment Land Portfolio – Summary and Roll Forward 25 Investment at Acres % of Total December 31, 2013 % of Total 6,739 66.8% 868,470 $ 54.8% Brazil Fund and joint ventures 258 2.6% 45,238 2.9% Total Americas 6,997 69.4% 913,708 57.7% 2,949 29.2% 612,636 38.6% 59 0.6% 35,060 2.2% Prologis China Logistics Venture 1 79 0.8% 23,847 1.5% Total Asia 138 1.4% 58,907 3.7% 10,084 100.0% 1,585,251 $ 100.0% Americas Europe Asia Total 996,654 $ 629,730 $ 108,060 $ 1,734,444 $ Acquisitions 33,547 19,471 5,489 58,507 Dispositions (50,547) (34,526) (3,246) (88,319) Development starts (88,075) (10,638) (48,336) (147,049) Infrastructure costs 29,188 14,026 1,407 44,621 Effect of changes in foreign exchange rates and other (7,059) (5,427) (4,467) (16,953) 913,708 $ 612,636 $ 58,907 $ 1,585,251 $ Land Portfolio Summary Consolidated Americas Total land portfolio - owned and managed Consolidated Europe Asia Consolidated As of December 31, 2013 Land Roll Forward - Owned and Managed As of September 30, 2013 (dollars in thousands) .

Copyright © 2014 Prologis Supplemental 4Q 2013 Co-Investment Ventures Summary and Financial Highlights 26 (A) The information presented excludes two ventures- Prologis AMS and Prologis DFS Fund I, due to the investment size of the ventures. (B) An investment agreement for Prologis U.S. Logistics Venture was executed in December 2013; the venture closed January 2014. (C) These co-investment ventures do not expect to be actively investing in new properties. (D) We have a 50% ownership interest in and consolidate an entity that in turn owns 50% of various entities that are accounted for on the equity method (“Brazil Fund”). The Brazil Fund develops industrial properties in Brazil and has sold properties to an entity in which it maintains an equity interest. We also have other Brazil joint ventures that we account for using the equity method. We show our ownership in these Brazil entities at our effective ownership and include the properties in our owned and managed pool. (E) The Prologis China Logistics Venture II was formed during the fourth quarter of 2013. (F) Values represent Prologis’ stepped up basis and may not be comparable to values reflected in the entities’ stand alone financial statements calculated on a different basis. Prologis U.S. Logistics Venture and Prologis China Logistics Venture II are not included as they did not own properties or other net assets (liabilities) for the period ended December 31, 2013. (G) Throughout this document, we use the most recent public information for this co-investment venture. If the co-investment venture acquires properties during the period that is reported, we estimate the entire quarter of NOI based on the results of the properties while owned by Prologis.

Copyright © 2014 Prologis Supplemental 4Q 2013 Co-Investment Ventures Operating and Balance Sheet Information 27 (A) Includes the unconsolidated co-investment ventures listed on the previous page. (B) Represents the entire entity, not our proportionate share. (dollars in thousands)

Copyright © 2014 Prologis Supplemental 4Q 2013 Capitalization Debt and Equity Summary 28 (A) The maturity date for the global senior credit facility and senior term loan is reflected at maturity assuming we extend the term. (B) Based on Prologis share of the total debt. Interest rate is based on the effective rate (which includes the amortization of related premiums and discounts) assuming the net premiums (discounts) associated with the respective debt were included in the maturities by year. (C) Interest rate is based on the effective rate and weighted based on borrowings outstanding. (D) In addition to our common stock and partnership units, we have two million shares of preferred stock outstanding with a liquidation preference of $100 million at December 31, 2013. (dollars and shares in millions)

Copyright © 2014 Prologis Supplemental 4Q 2013 Capitalization Debt Covenants and Other Metrics 29 (A) These calculations are made in accordance with the respective debt agreements, may be different than other covenants or metrics presented and are not calculated in accordance with the applicable SEC rules. Please refer to the respective agreements for full financial covenant descriptions and calculation methods. (B) These covenants are calculated in accordance with the Indenture dated June 8, 2011 and its supplemental indentures, including the Fifth Supplemental Indenture dated August 15, 2013. (C) All metrics include both consolidated and Prologis share of unconsolidated entities. (D) See Notes and Definitions for calculation of amounts. (dollars in thousands) Covenant Actual Covenant Actual <60% 32.9% <60% 32.0% >1.5x 3.95x >1.5x 3.58x <40% 7.0% < 35% 7.0% Unencumbered asset to unsecured debt ratio >150% 259.0% N/A N/A N/A N/A >150% 421.0% 2013 2013 Fourth Quarter Third Quarter 36.8% 37.9% 11.8% 12.5% 263.7% 267.9% 2.75x 2.58x 3.55x 3.09x 7.14x 7.68x 5.51x 6.39x 6.07x 6.38x Unencumbered Encumbered Total 13,240,375 $ 4,560,689 $ 17,801,064 $ 2,501,153 36,030 2,537,183 471,555 206,717 678,272 Total consolidated 16,213,083 4,803,436 21,016,519 4,069,321 3,137,294 7,206,615 113,959 4,721 118,680 Gross real estate assets 20,396,363 $ 7,945,451 $ 28,341,814 $ Unsecured Secured Debt Mortgage Debt Total 7,071,503 $ 1,659,992 $ 8,731,495 $ - 239,072 239,072 664,192 1,437,381 2,101,573 Total debt - at par 7,735,695 3,336,445 11,072,140 - (174,642) (174,642) Total Prologis share of debt - at par 7,735,695 3,161,803 10,897,498 3,123 37,526 40,649 - (569) (569) - 5,503 5,503 Total Prologis share of debt, net of premium (discount) 7,738,818 $ 3,204,263 $ 10,943,081 $ Global Line Indenture (B) Debt as % of gross real estate assets Debt/Adjusted EBITDA Leverage ratio Debt Metrics (A) (C) (D) Fixed charge coverage ratio Fixed charge coverage ratio, including development gains Covenants as of December 31, 2013 (A) Fixed charge coverage ratio Secured debt leverage ratio Unencumbered debt service coverage ratio Unconsolidated development portfolio and land - Prologis' share Consolidated operating properties Unconsolidated operating properties - Prologis' share Encumbrances as of December 31, 2013 Secured debt as % of gross real estate assets Unencumbered gross real estate assets to unsecured debt Consolidated development portfolio and land Debt/Adjusted EBITDA (adjusted for development) Consolidated other investments in real estate Debt/Adjusted EBITDA, including development gains Our share of premium (discount) - unconsolidated Premium (discount) - consolidated Secured and Unsecured Debt as of December 31, 2013 Prologis debt Consolidated entities debt Our share of unconsolidated entities debt Less: third party share of consolidated debt discount (premium) Less: third party share of consolidated debt

Copyright © 2014 Prologis Supplemental 4Q 2013 Capitalization Assets Under Management 30 U.S. Dollar 77% Euro 14% Yen 6% $- $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 $40,000 $45,000 $50,000 Europe 25.5% Asia 13.2% $ 29,611 $ 48,241 Debt $10,943 Committed Equity/Investment $2,823 Americas 61.3% $ 48,241 Direct owned and other assets $22,878 Equity Cap and Preferred Shares $18,668 AUM Investment Management $25,363 Investors' share of assets in JVs/funds $15,807 Prologis share of assets in JVs/funds $6,733 Total Enterprise Value $29,611 $ 18,668 Other 3% Total Enterprise Value Total AUM by Division Assets Under Management (in millions) Net Equity

Copyright © 2014 Prologis Supplemental 4Q 2013 Net Asset Value Components 31 (in thousands, except for percentages and per square foot)

Copyright © 2014 Prologis Supplemental 4Q 2013 Net Asset Value Components - Continued 32 (in thousands) (A) Excludes revenue and expenses related to the promotes earned during the fourth quarter of 2013.

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Copyright © 2014 Prologis Supplemental 4Q 2013 39 Notes and Definitions