Prologis

Prologis European Properties Fund II

Fund Administration Contact

Joanne Davies

Manager, Fund Administration
Luxembourg
+352 2620 5785
jdavies@prologis.com

Portfolio Valuation

The Fund’s portfolio is geographically diversified across 39 markets in 12 European countries. The following charts show the total portfolio’s geographical distribution based on the market value of 299 properties owned by the Fund as at 30 June 2017, in terms of allocations by country and region.

Net Property Value by Market
(€ millions)

as at 30 June 2017

Net Property Value by Market Chart

Geographic Distribution by Net Value
(€ millions)

as at 30 June 2017

Geographic Distribution by Net Value Chart
In Q2 2017, capital values increased slightly. Excluding the effect of currency movements and acquisitions/disposals, the Fund’s portfolio value increased by 0.3% during the quarter.

Second Quarter Operating Results

Slight decrease in operating portfolio occupancy; remained strong at 96.2%. Total leasing activity covered over 440,000 SQM.

Occupancy by Region

as at 30 June 2017

Occupancy by Region Chart

Expiries/Next Lease Breaks – Annualised Ending Base Rent (AEBR) (€ thousands)

as at 30 June 2017

Lease Expiries by Year by Annualised Base Rent by Region Chart

The Fund has a diversified customer base, which consists of 567 leases. No one customer comprises more than 5.6% of the total annualised ending base rent. In total, the top 10 customers account for only 24.6% of the total annualised ending base rent of the Fund. The following table lists the top 10 customers and their share of the total annualised ending base rent of the Fund.