Prologis (PLD) Capital Expenditures (2009 - 2025)
Prologis' (PLD) quarterly Capital Expenditures came in at $822.5 million in Q4 2025, down 0.82% on a YoY basis from $829.3 million in Q4 2024, and up 31.09% quarter-over-quarter from $627.4 million in Q3 2025.
Analysis
Prologis (PLD) Capital Expenditures (2009 - 2025) Analysis & Trends
Prologis (PLD) has reported Capital Expenditures for 17 consecutive years, with $822.5 million the latest figure, recorded in Q4 2025.
- For the quarter ending Q4 2025, Capital Expenditures fell 0.82% year-over-year to $822.5 million; the trailing twelve-month figure through Dec 2025 stood at $2.8 billion (down 13.25% YoY), and the FY2025 full-year result was $2.8 billion, down 13.25% from the prior year.
- Capital Expenditures advanced to $822.5 million in Q4 2025 per PLD's latest filing, from $627.4 million in the prior quarter.
- Across five years, Capital Expenditures topped out at $2.5 billion in Q2 2023 and bottomed at $199.8 million in Q3 2023.
- Historically, Capital Expenditures has averaged $781.1 million across 5 years, with a median of $746.4 million in 2021.
- The widest YoY moves for Capital Expenditures: up 311.2% in 2024, down 66.75% in 2024.
- Over 5 years, Capital Expenditures stood at $550.1 million in 2021, then soared by 61.07% to $886.0 million in 2022, then tumbled by 38.29% to $546.8 million in 2023, then soared by 51.67% to $829.3 million in 2024, then decreased by 0.82% to $822.5 million in 2025.
- According to Business Quant data, Capital Expenditures over the past three periods registered $822.5 million, $627.4 million, and $551.6 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 126.47 Bn | 126.47 Bn | 2.41 Bn | - |
| 2 | Eastgroup Properties | 10.61 Bn | 10.61 Bn | 193.10 Mn | 54.21 Mn |
| 3 | Lineage | 8.58 Bn | 8.52 Bn | 425.00 Mn | 125.00 Mn |
| 4 | Rexford Industrial Realty | 8.31 Bn | 8.31 Bn | - | 48.06 Mn |
| 5 | STAG Industrial | 7.11 Bn | 7.11 Bn | - | 265.04 Mn |
| 6 | Terreno Realty | 6.94 Bn | 6.94 Bn | - | 173.85 Mn |
| 7 | Americold Realty Trust | 3.94 Bn | 3.90 Bn | 212.69 Mn | 140.44 Mn |
| 8 | LXP Industrial Trust | 3.53 Bn | 3.53 Bn | 71.94 Mn | 97.56 Mn |
| 9 | Innovative Industrial Properties | 1.62 Bn | 1.62 Bn | - | 642,000.00 |
| 10 | Industrial Logistics Properties Trust | 518.87 Mn | 518.87 Mn | - | 2.24 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 822.55 Mn |
| Sep 30, 2025 | 627.45 Mn |
| Jun 30, 2025 | 551.60 Mn |
| Mar 31, 2025 | 779.66 Mn |
| Dec 31, 2024 | 829.34 Mn |
| Sep 30, 2024 | 821.74 Mn |
| Jun 30, 2024 | 835.36 Mn |
| Mar 31, 2024 | 719.80 Mn |
| Dec 31, 2023 | 546.79 Mn |
| Sep 30, 2023 | 199.84 Mn |
| Jun 30, 2023 | 2.51 Bn |
| Mar 31, 2023 | 936.92 Mn |
| Dec 31, 2022 | 886.03 Mn |
| Sep 30, 2022 | 362.93 Mn |
| Jun 30, 2022 | 1.23 Bn |
| Mar 31, 2022 | 639.64 Mn |
| Dec 31, 2021 | 550.10 Mn |
| Sep 30, 2021 | 773.03 Mn |
| Jun 30, 2021 | 574.93 Mn |
| Mar 31, 2021 | 422.40 Mn |