Unconsolidated Entities (Tables)

3 Months Ended

Mar. 31, 2024

Schedule Of Equity Method Investments [Line Items]

Summary of Investments in and Advances to our Unconsolidated Entities

The following table summarizes our investments in and advances to unconsolidated entities (in thousands):

	March 31,		December 31,
	2024		2023
Unconsolidated co-investment ventures	$	8,539,251	$	8,379,265
Other ventures		1,151,850		1,164,705
Total	$	9,691,101	$	9,543,970

Unconsolidated Co-Investment Ventures [Member]

Schedule Of Equity Method Investments [Line Items]

Summary of Investments in and Advances to our Unconsolidated Entities

The following table summarizes the key property information, financial position and operating information of our unconsolidated co-investment ventures on a U.S. GAAP basis (not our proportionate share) and the amounts we recognized in the Consolidated Financial Statements related to these ventures (dollars and square feet in millions):

	U.S.						Other Americas (1)						Europe						Asia						Total
At:	Mar 31, 2024			Dec 31, 2023			Mar 31, 2024			Dec 31, 2023			Mar 31, 2024			Dec 31, 2023			Mar 31, 2024			Dec 31, 2023			Mar 31, 2024			Dec 31, 2023
Key property information:
Ventures		1			1			2			2			2			2			4			4			9			9
Operating properties		745			745			276			275			1,008			1,007			229			228			2,258			2,255
Square feet		126			126			65			65			223			223			95			94			509			508
Financial position:
Total assets ($)		12,359			11,884			4,654			4,106			23,173			23,504			9,685			10,226			49,871			49,720
Third-party debt ($)		4,903			4,185			914			915			5,746			5,804			3,808			3,983			15,371			14,887
Total liabilities ($)		5,605			4,930			982			997			7,792			7,849			4,207			4,429			18,586			18,205
Our investment balance ($) (2)		2,475			2,257			1,190			1,152			4,096			4,126			778			844			8,539			8,379
Our weighted average ownership (3)		28.8	%		27.3	%		38.8	%		39.3	%		32.2	%		31.9	%		15.2	%		15.2	%		28.8	%		28.1	%
	U.S.						Other Americas (1)						Europe						Asia						Total
Operating Information:	Mar 31, 2024			Mar 31, 2023			Mar 31, 2024			Mar 31, 2023			Mar 31, 2024			Mar 31, 2023			Mar 31, 2024			Mar 31, 2023			Mar 31, 2024			Mar 31, 2023
For the three months ended:
Total revenues ($)		353			324			120			103			462			414			160			165			1,095			1,006
Net earnings ($)		88			101			53			43			72			69			28			27			241			240
Our earnings from unconsolidated      co-investment ventures, net ($)		26			27			18			16			24			21			5			4			73			68

(1)Prologis Brazil Logistics Venture and our other Brazilian joint ventures are combined as one venture for the purpose of this table.

(2)Prologis’ investment balance is presented at our adjusted basis. The difference between our ownership interest of a venture’s equity and our investment balance at March 31, 2024 and December 31, 2023, results principally from four types of transactions: (i) deferred gains from the contribution of property to a venture prior to January 1, 2018; (ii) recording additional costs associated with our investment in the venture; (iii) receivables, principally for fees and promotes ($161.2 million and $199.9 million, respectively); and (iv) customer security deposits retained subsequent to property contributions to Nippon Prologis REIT, Inc. and Prologis Japan Core Logistics Fund.

(3)Represents our weighted average ownership interest in all unconsolidated co-investment ventures based on each entity’s contribution of total assets before depreciation, net of other liabilities.

Summary of Strategic Capital Revenues Recognized in Consolidated Statements of Income Related to Co-Investment Ventures

The following table summarizes the Strategic Capital Revenues we recognized in the Consolidated Statements of Income related to our unconsolidated co-investment ventures (in thousands):

	Three Months Ended March 31,
	2024		2023
Recurring fees	$	113,142	$	113,557
Transactional fees		12,244		15,080
Promote revenue		262		320
Total strategic capital revenues from unconsolidated co-investment ventures (1)	$	125,648	$	128,957

(1)These amounts exclude strategic capital revenues from other ventures.