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Nippon Prologis REIT, Inc.Fiscal Period Ended May 31, 2020 Table of Contents ■Highlights for Fiscal Period Ended May 31, 2020 Impact from COVID-19 Will Likely Be Limited The 9th Follow-on Offering and Acquisitions Offering Enhanced Unit Holder Value Solid Operational/Financial Performance Continues Increased Occupancy and Improved Rent Growth Strong Sponsor Pipeline Diversified Portfolio/Lease Maturities and Quality Customers Maintain Strong Balance Sheet Fire at Prologis Park Iwanuma 1 ■Logistics Real Estate Market Fundamentals Stock of High-Quality Logistics Facilities Remains Scarce Strong Demand and Lowering Vacancy Post-COVID-19 Logistics Real Estate Industry New Trend of Urban Logistics Properties ■NPR At a Glance Enhancement of Unit Holder Value Continues Portfolio Composed of State-of-the-Art Facilities Financial Structure Positioned for Strategic Future Optionality Our Premier Global Position NPR is Fully Committed to ESG Key Takeaways