Thank you for your continued support of Nippon Prologis REIT, Inc. (NPR).

Since its listing in February 2013, NPR has continued to pursue the maximization of unitholder value through steady growth in distributions per unit and net asset value (NAV). At the same time, we have maintained a strong focus on our values and priorities, including our long-standing commitment to sustainability. At the time of its listing, NPR committed to building long-term relationships with customers using its logistics facilities, consumers, local communities and other stakeholders, and to managing its logistics facilities prudently from a medium- to long-term perspective, with the aim of maximizing unitholder value. This commitment remains a guiding principle of our operations today.

Through my experience in managing logistics facilities, I have come to recognize that maintaining their long-term value depends not only on the performance of the buildings themselves, but also on understanding our customers’ businesses and listening to the needs and perspectives of local communities. I believe sustainability should not be treated as a separate initiative, but rather integrated into our day-to-day operations and every decision we make.

Since its founding, Prologis has integrated sustainability practices throughout its business. In Japan, the Prologis Group, NPR’s sponsor, develops and operates advanced logistics facilities designed to minimize environmental impact, deliver strong environmental performance and contribute to local communities. The Group continues to demonstrate innovation by introducing new technologies to enhance the sustainability of its facilities while promoting the health and well-being of its customers.

The Prologis Group has committed to achieving net-zero greenhouse gas (GHG) emissions across its global value chain by 2040. In line with the Prologis Group’s direction, NPR has independently established its own target of achieving net-zero GHG emissions across its portfolio by 2040 and is actively promoting renewable energy procurement and the installation of solar power generation facilities.

The Prologis Group strives to remain a valued partner to all stakeholders, including customers, investors, business partners, local residents and employees. To this end, the Group engages in a variety of community initiatives and activities that fulfill its corporate social responsibilities. Logistics facilities are essential infrastructure that supports daily life and industry, helping deliver what is needed to those who need it. By working closely with customers to address their challenges, the Prologis Group contributes to the development of Japan’s logistics industry, a vital part of the country’s economy.

In addition, the Prologis Group is committed to maintaining high standards of business ethics, fair business practices and transparency in its operations to earn the trust of its stakeholders.

In 2021, NPR and the Prologis Group identified nine material sustainability issues (Materiality) and monitored progress against the corresponding key performance indicators (KPIs) while working toward their targets. In 2026, in response to changes in the business environment and shifts in stakeholder priorities, NPR and the Prologis Group reviewed these material issues, reorganized them into six material issues, and established corresponding targets and KPIs.

NPR’s sustainability initiatives have earned recognition from leading independent assessment organizations worldwide. In the GRESB Real Estate Assessment, NPR has been named a Sector Leader and received the highest
5-Star rating for the 11th consecutive year.

Sustainability is built through consistent, everyday efforts. Going forward, NPR and the Prologis Group will continue to value dialogue with a wide range of stakeholders, including customers and local communities. Through our logistics facilities, we will contribute to society and support the sustainable growth of unitholder value. We sincerely appreciate your continued understanding and support.

Sincerely,

October 2026