Prologis (PLD) Property Operating Expenses (2009 - 2026)
Prologis (PLD) posted Property Operating Expenses of $511.72 million for Q3 2026, up 5.6% from $484.64 million a year earlier but down 3.6% from the prior quarter.
Powered by 
Analysis
Prologis (PLD) Property Operating Expenses (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Property Operating Expenses at Prologis was $2.07 billion, up 8.8% year-over-year; for FY2025, it came in at $1.96 billion, up 11.3% from FY2024.
- Annual Property Operating Expenses has increased for 11 consecutive years, with a five-year compound annual growth rate of 15.6% (FY2020 to FY2025).
- In prior years, Prologis' Property Operating Expenses was $1.77 billion in FY2024 (+8.7%), $1.62 billion in FY2023 (+34.8%), $1.21 billion in FY2022 (+15.8%) and $1.04 billion in FY2021 (+9.4%).
- Quarterly Property Operating Expenses has run from a low of $261.69 million in Q4 2021 to a high of $530.86 million in Q2 2026 over five years.
- On a year-over-year basis, Property Operating Expenses has increased in each of the last 18 quarters, with growth averaging 9.2% over the last eight quarters.
- The strongest year-over-year quarter for Property Operating Expenses in the past five years was Q1 2023, with growth of 49.7%; the weakest was Q1 2022, with a decline of 0.8%.
- According to Business Quant data, Property Operating Expenses for the three prior quarters was $530.86 million (Q2 2026), $520.28 million (Q1 2026) and $503.22 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Property Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 179.03 Bn | 165.05 Bn | 1.47 Bn | - |
| 2 | Prologis | 123.12 Bn | 117.08 Bn | - | 511.72 Mn |
| 3 | Simon Property | 75.49 Bn | 71.55 Bn | - | 171.44 Mn |
| 4 | Public Storage | 62.37 Bn | 61.09 Bn | - | 333.19 Mn |
| 5 | Realty Income | 56.23 Bn | 54.51 Bn | - | 122.39 Mn |
| 6 | Ventas | 46.05 Bn | 44.73 Bn | - | 1.10 Bn |
| 7 | Extra Space Storage | 33.71 Bn | 32.62 Bn | 650.96 Mn | - |
| 8 | Vici Properties | 27.71 Bn | 26.06 Bn | 1.06 Bn | - |
| 9 | Vivmark Residential | 24.79 Bn | 24.57 Bn | - | 142.75 Mn |
| 10 | Essex Property Trust | 17.73 Bn | 17.49 Bn | - | 95.93 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 511.72 Mn |
| Jun 30, 2026 | 530.86 Mn |
| Mar 31, 2026 | 520.28 Mn |
| Dec 31, 2025 | 503.22 Mn |
| Sep 30, 2025 | 484.64 Mn |
| Jun 30, 2025 | 487.96 Mn |
| Mar 31, 2025 | 488.32 Mn |
| Dec 31, 2024 | 438.47 Mn |
| Sep 30, 2024 | 427.43 Mn |
| Jun 30, 2024 | 445.24 Mn |
| Mar 31, 2024 | 454.26 Mn |
| Dec 31, 2023 | 408.23 Mn |
| Sep 30, 2023 | 416.08 Mn |
| Jun 30, 2023 | 387.94 Mn |
| Mar 31, 2023 | 412.55 Mn |
| Dec 31, 2022 | 374.89 Mn |
| Sep 30, 2022 | 284.71 Mn |
| Jun 30, 2022 | 270.47 Mn |
| Mar 31, 2022 | 275.67 Mn |
| Dec 31, 2021 | 261.69 Mn |
API Access
Prologis Property 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=property-operating-expenses&ticker=PLD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "property-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=property-operating-expenses&ticker=PLD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();