Company: PLDGP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000950170-25-021272
Chunk: 423

Company: Prologis, Inc.
Filing Date: 2025-02-14
Form: 10-K
Item: Item 1
Chunk 423
---
 industrial properties or data centers.

LEASE EXPIRATIONS

We generally lease our properties on a long-term basis (the weighted average term for leases commenced, including new leases and renewals, in 2024 was 64 months). The following table summarizes the lease expirations of our consolidated operating portfolio for leases in place at December 31, 2024 (dollars and square feet in millions):

    NER

    Occupied Square Feet

    Dollars

    % of Total

    Dollars Per Square Foot

    2025 (1)

    58

    $
    430

    8.0
    %
     
    $
    7.41

    2026

    95

    715

    13.3
    %

    7.53

    2027

    101

    820

    15.3
    %

    8.12

    2028

    85

    775

    14.5
    %

    9.12

    2029

    78

    744

    13.9
    %

    9.54

    2030

    57

    536

    10.0
    %

    9.40

    2031

    31

    252

    4.7
    %

    8.13

    2032

    32

    262

    4.9
    %

    8.19

    2033

    22

    213

    4.0
    %

    9.68

    2034

    17

    179

    3.3
    %

    10.53

    Thereafter

    35

    437

    8.1
    %

    12.49

    611

    $
    5,363

    100.0
    %
     
    $
    8.78

    Month to month

    4

    Total consolidated

    615

(1)We have signed leases that were due to expire in 2025, totaling 28 million square feet in our consolidated portfolio (3.4% of total NER). These are excluded from 2025 expirations and are reflected at their respective expiration year