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Prologis PLD Payments To Develop Real Estate Assets

Payments To Develop Real Estate Assets at other companies

EastGroup Properties logo
EastGroup PropertiesEGP
$54.21M-47.0%
Tejon Ranch logo
Tejon RanchTRC
$1.9M+14.0%
One Liberty Properties logo
One Liberty PropertiesOLP
$424K-14.3%
LXP Industrial Trust logo
LXP Industrial TrustLXP
$17.84M+292%
Modiv Industrial logo
Modiv IndustrialMDV
$145K+85.9%
Regency Centers logo
Regency CentersREG
$105.07M+3.6%

Other financials

Income statement

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Revenue$2.4B+10.2%
Operating income$940.3M-24.8%
Net income$1.1B-20.9%
EPS (diluted)$1.13-17.5%

Balance sheet

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Cash & equivalents$1.2B+51.9%
Total debt$35.9B+9.1%
Total equity$52.6B-0.8%
Total assets$98.3B+2.5%

Cash flow

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Operating cash flow$1.4B+0.9%

Valuation

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Market cap$131.92B+34.4%
Enterprise value$166.65B-5.4%
P/E44.1×+16.2×
P/S14.7×+3.3×

Profitability

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Operating margin47.5%-1.0pp
Net margin33.4%-12.9pp
FCF margin63.3%

Returns & leverage

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Return on equity6.2%+0.3pp
Debt / equity0.7×+0.1×

Where this comes from

Reported directly by Prologis in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToDevelopRealEstateAssets.

The source filing: Prologis’s 10-Q, filed October 28, 2025.

Filed
Oct 28, 2025
Fiscal quarter
Q3 FY2025
Calendar quarter
Q3 2025
Accession
0001193125-25-253512
Line itemNine Months Ended / September 30, 2025Nine Months Ended / September 30, 2024
Increase (decrease) in accounts payable and accrued expenses and other liabilities84,55656,799
Net cash provided by (used in) operating activities3,850,1983,576,758
Investing activities:
Real estate development(1,958,714)(2,376,890)
Real estate acquisitions(1,246,417)(1,820,308)
Tenant improvements and lease commissions on previously leased space(413,577)(347,488)
Property improvements(212,536)(248,868)
Proceeds from dispositions and contributions of real estate340,9441,788,924

ITEM 1. Financial Statements

FAQ

What is Prologis's payments to develop real estate assets?
Prologis (PLD) reported payments to develop real estate assets of $627.45M in Q3 2025.
How has Prologis's payments to develop real estate assets changed year-over-year?
Prologis's payments to develop real estate assets decreased by 23.6% year-over-year, from $821.74M to $627.45M.
What is the long-term trend for Prologis's payments to develop real estate assets?
Over 3 years (2021 to 2024), Prologis's payments to develop real estate assets has grown at a 6.7% compound annual growth rate (CAGR), from $2.64B to $3.21B.
What does payments to develop real estate assets mean?
Represents the cash outflows dedicated to the construction and development of new real estate properties or the expansion of existing facilities. This is a key indicator of a company's capital allocation strategy toward organic growth and portfolio expansion. High levels of development spending suggest a focus on long-term asset creation and market share growth.

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