Company: PLDGP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000950170-25-021272
Chunk: 233

Company: Prologis, Inc.
Filing Date: 2025-02-14
Form: 10-K
Item: Item 1
Chunk 233
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        Square feet
         
        22,799

        2,794

        8,718

        Net proceeds
        $
        3,326,124

        $
        641,214

        $
        1,271,639

        Gains on other dispositions of investments in real estate, net
        $
        904,136

        $
        161,039

        $
        589,391

       (1)The gains we recognize in Gains on Dispositions of Development Properties and Land, Net in the Consolidated Statements of Income are principally driven by the contribution of newly developed properties to our unconsolidated co-investment ventures and occasionally sales to a third party. (2)In 2024, we had a significant contribution of operating properties to our unconsolidated co-investment venture in the U.S.

Leases  As a Lessor We lease our real estate properties to customers under agreements that are classified primarily as operating leases. We recognize the total minimum lease payments provided for under the leases on a straight-line basis over the lease term. Our weighted average lease term remaining was 52 months based on square feet for all leases in effect at December 31, 2024. The following table summarizes the minimum lease payments due from our customers on leases for space in our operating properties, prestabilized and under development properties, other real estate investments and assets held for sale or contribution at December 31, 2024 (in thousands):  

        2025
         
        $
        5,397,546

        2026

        5,086,934

        2027

        4,377,403

        2028

        3,575,743

        2029

        2,761,495

        Thereafter

        10,190,560

        Total
         
        $
        31,389,681

       These amounts do not reflect future rental revenue from the renewal or replacement of existing leases and exclude reimbursements of rental expenses. These amounts also exclude rental increases that are not fixed.  

74

As a Lessee We had approximately 190 and 135 leases, principally land and office space leases, in which we were the lessee at December 31, 2024 and 2023, respectively, which primarily qualify as operating leases with remaining lease terms of 1 to