Prologis (PLD) Capital Expenditures (2009 - 2025)
Prologis' (PLD) quarterly Capital Expenditures came in at $822.5 million in Q4 2025, down 0.82% YoY from $829.3 million in Q4 2024, and up 2.17% on a QoQ basis from $805.0 million in Q3 2025.
Prologis (PLD) Capital Expenditures (2009 - 2025) Analysis & Trends
Prologis (PLD) has 17 years of Capital Expenditures data on file, last reported at $822.5 million in Q4 2025.
- Quarterly Capital Expenditures fell 0.82% year-over-year to $822.5 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $2.8 billion (down 13.25% YoY) and the FY2025 annual result came in at $2.8 billion, down 13.25% from the prior year.
- Capital Expenditures improved to $822.5 million in Q4 2025, from $805.0 million in the prior quarter.
- In the past five years, Capital Expenditures ranged from a high of $3.4 billion in Q2 2023 to a low of -$941.4 million in Q3 2023.
- A 5-year average of $681.5 million and a median of $436.9 million in 2021 frame the typical range for Capital Expenditures.
- Annual changes were most pronounced in 2021 — Capital Expenditures slumped 452.49% — and 2022, when it soared 745.52%.
- Tracing PLD's Capital Expenditures over 5 years: stood at $104.9 million in 2021, then soared by 745.52% to $886.6 million in 2022, then surged by 90.4% to $1.7 billion in 2023, then slumped by 50.87% to $829.3 million in 2024, then fell by 0.82% to $822.5 million in 2025.
- The last three Capital Expenditures figures came in at $822.5 million (Q4 2025), $805.0 million (Q3 2025), and $377.5 million (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 131.18 Bn | 131.18 Bn | 2.41 Bn | - |
| 2 | Public Storage | 56.71 Bn | 56.45 Bn | 1.20 Bn | 185.52 Mn |
| 3 | Extra Space Storage | 31.13 Bn | 31.13 Bn | 642.43 Mn | 158.83 Mn |
| 4 | Eastgroup Properties | 10.82 Bn | 10.82 Bn | 193.10 Mn | 54.21 Mn |
| 5 | Lineage | 9.47 Bn | 9.41 Bn | 425.00 Mn | 125.00 Mn |
| 6 | CubeSmart | 9.34 Bn | 9.34 Bn | 190.47 Mn | 12.11 Mn |
| 7 | Rexford Industrial Realty | 8.31 Bn | 8.31 Bn | - | 48.06 Mn |
| 8 | Terreno Realty | 7.29 Bn | 7.29 Bn | - | 173.85 Mn |
| 9 | STAG Industrial | 6.97 Bn | 6.97 Bn | - | 265.04 Mn |
| 10 | Americold Realty Trust | 4.33 Bn | 4.29 Bn | 212.69 Mn | 140.44 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 822.55 Mn |
| Dec 31, 2025 | 822.55 Mn |
| Sep 30, 2025 | 805.05 Mn |
| Sep 30, 2025 | 805.05 Mn |
| Jun 30, 2025 | 377.48 Mn |
| Jun 30, 2025 | 377.48 Mn |
| Mar 31, 2025 | 776.18 Mn |
| Mar 31, 2025 | 776.18 Mn |
| Dec 31, 2024 | 829.34 Mn |
| Dec 31, 2024 | 829.34 Mn |
| Sep 30, 2024 | 1.85 Bn |
| Sep 30, 2024 | 1.85 Bn |
| Jun 30, 2024 | 399.38 Mn |
| Jun 30, 2024 | 399.38 Mn |
| Mar 31, 2024 | 126.18 Mn |
| Mar 31, 2024 | 126.18 Mn |
| Dec 31, 2023 | 1.69 Bn |
| Dec 31, 2023 | 1.69 Bn |
| Sep 30, 2023 | -941.42 Mn |
| Sep 30, 2023 | -941.42 Mn |