Prologis (PLD) Operating Expenses (2009 - 2026)
Prologis' Operating Expenses was $1.47 billion in Q2 2026, up 10.3% from $1.33 billion a year earlier.
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Analysis
Prologis (PLD) Operating Expenses (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Prologis' Operating Expenses was $5.52 billion through Jun 30, 2026, up 6.2% year-over-year; for FY2025, it came in at $5.38 billion, up 5.3% from FY2024.
- Operating Expenses has now increased for eight consecutive years, with a five-year compound annual growth rate of 12.1% (FY2020 to FY2025).
- In earlier years, Operating Expenses was $5.1 billion in FY2024 (+3.3%), $4.94 billion in FY2023 (+33.7%), $3.69 billion in FY2022 (+17.5%) and $3.14 billion in FY2021 (+3.5%).
- The Q2 2026 figure marks the highest quarterly Operating Expenses in data going back to Q2 2009.
- Over the past five years, the year-over-year growth in Operating Expenses ranged from 0.1% (Q3 2024) to 51.5% (Q2 2023).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 167.95 Bn | 150.46 Bn | 1.39 Bn | 3.22 Bn |
| 2 | Prologis | 123.54 Bn | 127.93 Bn | - | 1.47 Bn |
| 3 | Simon Property | 66.76 Bn | 68.02 Bn | - | 900.79 Mn |
| 4 | Realty Income | 52.37 Bn | 54.76 Bn | - | 1.19 Bn |
| 5 | Public Storage | 50.03 Bn | 49.11 Bn | - | 766.20 Mn |
| 6 | Ventas | 44.65 Bn | 43.84 Bn | - | 1.68 Bn |
| 7 | Extra Space Storage | 27.81 Bn | 27.81 Bn | 642.43 Mn | 481.97 Mn |
| 8 | Vici Properties | 25.53 Bn | 23.65 Bn | 1.05 Bn | 315.61 Mn |
| 9 | Vivmark Residential | 23.01 Bn | 23.20 Bn | - | 566.18 Mn |
| 10 | Invitation Homes | 15.68 Bn | 15.72 Bn | - | 657.51 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.47 Bn |
| Dec 31, 2025 | 1.40 Bn |
| Sep 30, 2025 | 1.32 Bn |
| Jun 30, 2025 | 1.33 Bn |
| Mar 31, 2025 | 1.33 Bn |
| Dec 31, 2024 | 1.29 Bn |
| Sep 30, 2024 | 1.25 Bn |
| Jun 30, 2024 | 1.27 Bn |
| Mar 31, 2024 | 1.29 Bn |
| Dec 31, 2023 | 1.25 Bn |
| Sep 30, 2023 | 1.25 Bn |
| Jun 30, 2023 | 1.25 Bn |
| Mar 31, 2023 | 1.19 Bn |
| Dec 31, 2022 | 1.15 Bn |
| Sep 30, 2022 | 911.62 Mn |
| Jun 30, 2022 | 824.57 Mn |
| Mar 31, 2022 | 808.37 Mn |
| Dec 31, 2021 | 799.96 Mn |
| Sep 30, 2021 | 771.19 Mn |
| Jun 30, 2021 | 764.50 Mn |
API Access
Prologis Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=PLD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "PLD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=PLD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();