Non-Current Assets

Accumulated Depreciation

Prologis Accumulated Depreciation increased by 3.7% to $14.35B in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 16.3%, from $12.33B to $14.35B. Over 4 years (FY 2020 to FY 2024), Accumulated Depreciation shows an upward trend with a 18.2% CAGR.

Analysis

StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ4 2014
Last reportedQ3 2025Oct 28, 2025
Parent metricPP&E (Net)

How to read this metric

An increasing balance relative to gross assets suggests an aging portfolio, while a stable or decreasing ratio may indicate significant recent capital expenditures or asset turnover.

Detailed definition

This represents the total historical cost of property, plant, and equipment that has been allocated as an expense over t...

Peer comparison

Standard across all capital-intensive industries; peers in industrial real estate typically show steady growth in this balance as portfolios expand.

Metric ID: ppe_accumulated_depreciation

Historical Data

18 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Value$7.11B$7.40B$7.67B$7.94B$8.25B$8.56B$9.04B$9.51B$9.98B$10.44B$10.93B$11.43B$11.87B$12.33B$12.76B$13.29B$13.83B$14.35B
QoQ Change+4.2%+3.6%+3.6%+3.9%+3.7%+5.6%+5.2%+4.9%+4.6%+4.7%+4.6%+3.8%+3.9%+3.4%+4.2%+4.0%+3.7%
YoY Change+16.1%+15.6%+17.8%+19.7%+20.9%+22.0%+21.0%+20.2%+19.0%+18.1%+16.7%+16.3%+16.5%+16.3%
Range$7.11B$14.35B
CAGR+18.0%
Avg YoY Growth+18.3%
Median YoY Growth+18.0%
Current Streak17+ quarters growth

Frequently Asked Questions

What is Prologis's accumulated depreciation?
Prologis (PLD) reported accumulated depreciation of $14.35B in Q3 2025.
How has Prologis's accumulated depreciation changed year-over-year?
Prologis's accumulated depreciation increased by 16.3% year-over-year, from $12.33B to $14.35B.
What is the long-term trend for Prologis's accumulated depreciation?
Over 4 years (2020 to 2024), Prologis's accumulated depreciation has grown at a 18.2% compound annual growth rate (CAGR), from $6.54B to $12.76B.
What does accumulated depreciation mean?
The total amount of depreciation recorded against fixed assets since they were acquired.