Long-Term Compensation (Tables)

12 Months Ended

Dec. 31, 2023

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Summary of Assumptions Used for Each Grant

The following table details the assumptions used for each grant based on the year it was granted (dollars in thousands):

	2023			2022			2021
Risk free interest rate		4.2	%		1.0	%		0.2	%
Prologis expected volatility		35.0	%		31.0	%		32.0	%
MSCI US REIT Index expected volatility		31.0	%		29.0	%		29.0	%
Grant date fair value	$	28,300		$	30,400		$	30,300

Restricted Stock Units (RSUs) [Member]

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Stock Options, RSU and Performance Share Awards

The following table summarizes the activity for RSUs for the year ended December 31, 2023 (units in thousands):

	Unvested RSUs			Weighted Average Grant Date Fair Value
Balance at January 1, 2023		1,533		$	100.59
Granted		1,164			104.89
Vested and distributed		(553	)		117.46
Forfeited		(47	)		113.85
Balance at December 31, 2023		2,097		$	98.23

Long Term Incentive Plan Units [Member]

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Stock Options, RSU and Performance Share Awards

The following table summarizes the activity for LTIP Units for the year ended December 31, 2023 (units in thousands):

	Unvested LTIP Units			Weighted Average Grant Date Fair Value
Balance at January 1, 2023		4,214		$	73.31
Granted		2,585			100.20
Vested LTIP Units		(1,381	)		109.44
Forfeited		(39	)		106.45
Balance at December 31, 2023		5,379		$	76.72