Non-Current Liabilities

Operating Lease Liabilities (Total)

Prologis Operating Lease Liabilities (Total) decreased by 1.9% to $618.20M in Q3 2025 compared to the prior quarter. Year-over-year, this metric declined by 1.0%, from $624.20M to $618.20M. Over 4 years (FY 2020 to FY 2024), Operating Lease Liabilities (Total) shows an upward trend with a 6.0% CAGR.

Analysis

StatementBalance Sheet Statement
SectionNon-Current Liabilities
CategoryLeverage
SignalContext dependent
VolatilityModerate
First reportedQ4 2018
Last reportedQ3 2025Oct 28, 2025

How to read this metric

An increase indicates expansion of the leased asset base, while a decrease suggests a reduction in lease commitments or the expiration of lease terms.

Detailed definition

This represents the total present value of future lease payments for operating leases, recognized as a liability on the...

Peer comparison

Standardized under modern accounting rules, allowing for direct comparison of lease-based financing across companies in the same sector.

Metric ID: operating_lease_liabilities_total

Historical Data

18 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Value$405.20M$419.20M$448.45M$430.30M$483.70M$526.70M$638.81M$642.40M$637.30M$587.00M$597.56M$593.80M$610.50M$624.20M$615.30M$628.20M$630.00M$618.20M
QoQ Change+3.5%+7.0%-4.0%+12.4%+8.9%+21.3%+0.6%-0.8%-7.9%+1.8%-0.6%+2.8%+2.2%-1.4%+2.1%+0.3%-1.9%
YoY Change+19.4%+25.6%+42.5%+49.3%+31.8%+11.4%-6.5%-7.6%-4.2%+6.3%+3.0%+5.8%+3.2%-1.0%
Range$405.20M$642.40M
CAGR+10.5%
Avg YoY Growth+12.8%
Median YoY Growth+6.1%

Frequently Asked Questions

What is Prologis's operating lease liabilities (total)?
Prologis (PLD) reported operating lease liabilities (total) of $618.20M in Q3 2025.
How has Prologis's operating lease liabilities (total) changed year-over-year?
Prologis's operating lease liabilities (total) decreased by 1.0% year-over-year, from $624.20M to $618.20M.
What is the long-term trend for Prologis's operating lease liabilities (total)?
Over 4 years (2020 to 2024), Prologis's operating lease liabilities (total) has grown at a 6.0% compound annual growth rate (CAGR), from $486.97M to $615.30M.
What does operating lease liabilities (total) mean?
The total value of future payments the company is obligated to make for leased assets.