Company: PLDGP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000950170-25-021272
Chunk: 321

Company: Prologis, Inc.
Filing Date: 2025-02-14
Form: 10-K
Item: Item 2
Chunk 321
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) land parcels we own and lease to third parties; (ii) renewable energy assets, including solar panels and electric vehicle chargers, and energy storage systems; (iii) non-strategic real estate assets that we do not intend to operate long term; and (iv) non-industrial real estate assets that we intend to redevelop as 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