Operating Expenses
Lease Costs
Prologis Lease Costs decreased by 0.7% to $484.64M in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 13.4%, from $427.43M to $484.64M. Over 3 years (FY 2021 to FY 2024), Lease Costs shows an upward trend with a 19.2% CAGR.
Analysis
StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ1 2013
Last reportedQ3 2025Oct 28, 2025
How to read this metric
Increasing lease costs may indicate expansion or a shift toward an asset-light strategy, while decreasing costs could signal consolidation or a shift toward asset ownership.
Detailed definition
This metric aggregates the total expenses incurred from leasing arrangements, including operating lease payments, variab...
Peer comparison
Standard across all sectors; peers report this under operating expenses, often broken down in lease-specific disclosures.
Metric ID:
wfc_lease_costsHistorical Data
18 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $245.13M | $256.61M | $261.69M | $275.67M | $270.47M | $284.71M | $374.89M | $412.55M | $387.94M | $416.08M | $408.23M | $454.26M | $445.24M | $427.43M | $438.47M | $488.32M | $487.96M | $484.64M |
| QoQ Change | — | +4.7% | +2.0% | +5.3% | -1.9% | +5.3% | +31.7% | +10.0% | -6.0% | +7.3% | -1.9% | +11.3% | -2.0% | -4.0% | +2.6% | +11.4% | -0.1% | -0.7% |
| YoY Change | — | — | — | — | +10.3% | +11.0% | +43.3% | +49.7% | +43.4% | +46.1% | +8.9% | +10.1% | +14.8% | +2.7% | +7.4% | +7.5% | +9.6% | +13.4% |
Range$245.13M – $488.32M
CAGR+17.4%
Avg YoY Growth+19.9%
Median YoY Growth+10.6%
Current Streak2 quarters decline
Lease Costs at Other Companies
Frequently Asked Questions
- What is Prologis's lease costs?
- Prologis (PLD) reported lease costs of $484.64M in Q3 2025.
- How has Prologis's lease costs changed year-over-year?
- Prologis's lease costs increased by 13.4% year-over-year, from $427.43M to $484.64M.
- What is the long-term trend for Prologis's lease costs?
- Over 3 years (2021 to 2024), Prologis's lease costs has grown at a 19.2% compound annual growth rate (CAGR), from $1.04B to $1.77B.
- What does lease costs mean?
- The total expense recognized for renting or leasing assets.