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.
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.
This represents the total historical cost of property, plant, and equipment that has been allocated as an expense over t...
Standard across all capital-intensive industries; peers in industrial real estate typically show steady growth in this balance as portfolios expand.
ppe_accumulated_depreciation| 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 | $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% |