Prologis (PLD) Operating Leases (2014 - 2025)
Prologis' (PLD) quarterly Operating Leases came in at $643.5 million in Q4 2025, down 63.82% YoY from $1.8 billion in Q4 2024, and down 63.82% on a QoQ basis from $1.8 billion in Q4 2024.
Prologis (PLD) Operating Leases (2014 - 2025) Analysis & Trends
Prologis (PLD) has 11 years of Operating Leases data on file, last reported at $643.5 million in Q4 2025.
- Quarterly Operating Leases fell 63.82% year-over-year to $643.5 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $643.5 million (down 63.82% YoY) and the FY2025 annual result came in at $643.5 million, down 63.82% from the prior year.
- Operating Leases slipped to $643.5 million in Q4 2025, from $1.8 billion in the prior quarter.
- In the past five years, Operating Leases ranged from a high of $2.2 billion in Q4 2023 to a low of $448.4 million in Q4 2021.
- A 5-year average of $1.1 billion and a median of $643.5 million in 2025 frame the typical range for Operating Leases.
- Annual changes were most pronounced in 2023 — Operating Leases jumped 245.47% — and 2025, when it plunged 63.82%.
- Tracing PLD's Operating Leases over 5 years: stood at $448.4 million in 2021, then jumped by 42.45% to $638.8 million in 2022, then jumped by 245.47% to $2.2 billion in 2023, then retreated by 19.4% to $1.8 billion in 2024, then slumped by 63.82% to $643.5 million in 2025.
- The last three Operating Leases figures came in at $643.5 million (Q4 2025), $1.8 billion (Q4 2024), and $2.2 billion (Q4 2023), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Prologis | 131.81 Bn | 131.81 Bn | 2.41 Bn |
| 2 | Public Storage | 56.45 Bn | 56.19 Bn | 1.20 Bn |
| 3 | Extra Space Storage | 31.00 Bn | 31.00 Bn | 642.43 Mn |
| 4 | Eastgroup Properties | 10.79 Bn | 10.79 Bn | 193.10 Mn |
| 5 | Lineage | 9.50 Bn | 9.44 Bn | 425.00 Mn |
| 6 | CubeSmart | 9.32 Bn | 9.32 Bn | 190.47 Mn |
| 7 | Rexford Industrial Realty | 8.35 Bn | 8.35 Bn | - |
| 8 | Terreno Realty | 7.31 Bn | 7.31 Bn | - |
| 9 | STAG Industrial | 7.01 Bn | 7.01 Bn | - |
| 10 | Americold Realty Trust | 4.34 Bn | 4.30 Bn | 212.69 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 643.50 Mn |
| Dec 31, 2024 | 1.78 Bn |
| Dec 31, 2023 | 2.21 Bn |
| Dec 31, 2022 | 638.81 Mn |
| Dec 31, 2021 | 448.45 Mn |
| Dec 31, 2020 | 486.97 Mn |
| Sep 30, 2020 | 448.53 Mn |
| Jun 30, 2020 | 488.55 Mn |
| Mar 31, 2020 | 498.11 Mn |
| Dec 31, 2019 | 58.53 Mn |
| Sep 30, 2019 | 432.12 Mn |
| Jun 30, 2019 | 403.17 Mn |
| Mar 31, 2019 | 392.34 Mn |
| Dec 31, 2017 | 24.77 Mn |
| Dec 31, 2016 | 31.71 Mn |
| Dec 31, 2015 | 55.98 Mn |
| Dec 31, 2014 | 30.65 Mn |