Prologis (PLD) Tax Rate (2012 - 2026)
Prologis' Tax Rate was 10.02% in Q3 2026, up 3.79 percentage points from 6.23% a year earlier and up 1.24 percentage points from the prior quarter.
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Analysis
Prologis (PLD) Tax Rate (2012 - 2026) Analysis & Trends
On a trailing twelve-month basis, Prologis' Tax Rate was 6.92% through Sep 30, 2026, up 1.19 percentage points year-over-year; for FY2025, it was 5.41%, up 1.36 percentage points from FY2024.
- Tax Rate shows a five-year change of -2.05 percentage points (FY2020 to FY2025).
- In earlier years, Tax Rate was 4.06% in FY2024 (-2.03 pp), 6.09% in FY2023 (+2.42 pp), 3.67% in FY2022 (-1.58 pp) and 5.24% in FY2021 (-2.22 pp).
- The Q3 2026 figure marks the highest quarterly Tax Rate since Q4 2020.
- Compared with a year earlier, Tax Rate was higher in four of the last eight quarters, with an average year-over-year change of +1.33 percentage points.
- The best year-over-year quarter for Tax Rate over five years was Q3 2025 (a gain of 5.83 percentage points); the worst was Q4 2021 (a drop of 8.74 percentage points).
- Per Business Quant data, PLD's Tax Rate in the three quarters before Q3 2026 was 8.78% (Q2 2026), 4.39% (Q1 2026) and 5.28% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 179.70 Bn | 166.77 Bn | 1.47 Bn | 2.11% |
| 2 | Prologis | 122.17 Bn | 120.56 Bn | - | 10.02% |
| 3 | Simon Property | 80.16 Bn | 78.26 Bn | - | - |
| 4 | Public Storage | 62.28 Bn | 61.73 Bn | 112.08 Mn | - |
| 5 | Realty Income | 56.35 Bn | 57.74 Bn | - | 5.17% |
| 6 | Ventas | 47.42 Bn | 46.59 Bn | -3.39 Bn | - |
| 7 | Ryman Hospitality Properties | 47.10 Bn | 45.93 Bn | 266.41 Mn | - |
| 8 | Vivmark Residential | 37.16 Bn | 36.91 Bn | - | - |
| 9 | Extra Space Storage | 33.05 Bn | 32.83 Bn | 650.96 Mn | 4.50% |
| 10 | Vici Properties | 27.32 Bn | 26.10 Bn | 1.06 Bn | 0.74% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 10.02% |
| Jun 30, 2026 | 8.78% |
| Mar 31, 2026 | 4.39% |
| Dec 31, 2025 | 5.28% |
| Sep 30, 2025 | 6.23% |
| Jun 30, 2025 | 3.62% |
| Mar 31, 2025 | 6.35% |
| Dec 31, 2024 | 6.08% |
| Sep 30, 2024 | 0.39% |
| Jun 30, 2024 | 4.51% |
| Mar 31, 2024 | 4.94% |
| Dec 31, 2023 | 7.97% |
| Sep 30, 2023 | 4.91% |
| Jun 30, 2023 | 5.83% |
| Mar 31, 2023 | 6.04% |
| Dec 31, 2022 | 2.77% |
| Sep 30, 2022 | 3.49% |
| Jun 30, 2022 | 7.16% |
| Mar 31, 2022 | 2.34% |
| Dec 31, 2021 | 2.98% |
API Access
Prologis Tax Rate 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=tax-rate&ticker=PLD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=PLD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();