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Unconsolidated Entities - Summary of Operating Information and Financial Position of Unconsolidated Co-investment Ventures (Detail)
$ in Thousands, ft² in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
USD ($)
ft²
Venture
Property
Sep. 30, 2023
USD ($)
Sep. 30, 2024
USD ($)
ft²
Venture
Property
Sep. 30, 2023
USD ($)
Dec. 31, 2023
USD ($)
ft²
Venture
Property
Schedule Of Equity Method Investments [Line Items]          
Total assets $ 95,905,196   $ 95,905,196   $ 93,020,840
Total liabilities 38,241,104   38,241,104   $ 35,197,120
Total revenues 2,036,389 $ 1,914,664 6,000,964 $ 6,134,222  
Consolidated net earnings 1,063,451 799,141 2,605,759 2,577,261  
Our earnings from unconsolidated co-investment ventures, net $ 84,749 71,365 $ 259,558 217,786  
Unconsolidated Co-Investment Ventures [Member]          
Schedule Of Equity Method Investments [Line Items]          
Ventures | Venture 9   9   9
Operating properties | Property 2,290   2,290   2,255
Square feet | ft² 522   522   508
Total assets $ 52,309,000   $ 52,309,000   $ 49,720,000
Third-party debt 16,628,000   16,628,000   14,887,000
Total liabilities 20,155,000   20,155,000   18,205,000
Our investment balance [1] 9,276,000   9,276,000   $ 8,379,000
Total revenues 1,094,000 1,032,000 3,254,000 3,043,000  
Consolidated net earnings 251,000 232,000 779,000 686,000  
Our earnings from unconsolidated co-investment ventures, net $ 82,000 70,000 $ 246,000 204,000  
Unconsolidated Co-Investment Ventures [Member] | U.S. [Member]          
Schedule Of Equity Method Investments [Line Items]          
Ventures | Venture 1   1   1
Operating properties | Property 748   748   745
Square feet | ft² 130   130   126
Total assets $ 13,183,000   $ 13,183,000   $ 11,884,000
Third-party debt 5,396,000   5,396,000   4,185,000
Total liabilities 6,244,000   6,244,000   4,930,000
Our investment balance [1] 2,814,000   2,814,000   $ 2,257,000
Total revenues 355,000 330,000 1,070,000 983,000  
Consolidated net earnings 103,000 86,000 322,000 262,000  
Our earnings from unconsolidated co-investment ventures, net $ 31,000 24,000 $ 97,000 71,000  
Unconsolidated Co-Investment Ventures [Member] | Other Americas [Member]          
Schedule Of Equity Method Investments [Line Items]          
Ventures | Venture [3] 2 [2]   2 [2]   2
Operating properties | Property [3] 285 [2]   285 [2]   275
Square feet | ft² [3] 67 [2]   67 [2]   65
Total assets [3] $ 4,083,000 [2]   $ 4,083,000 [2]   $ 4,106,000
Third-party debt [3] 1,062,000 [2]   1,062,000 [2]   915,000
Total liabilities [3] 1,147,000 [2]   1,147,000 [2]   997,000
Our investment balance [1],[3] 1,189,000 [2]   1,189,000 [2]   $ 1,152,000
Total revenues [3] 110,000 [2] 109,000 350,000 [2] 314,000  
Consolidated net earnings [3] 41,000 [2] 52,000 150,000 [2] 142,000  
Our earnings from unconsolidated co-investment ventures, net [3] $ 13,000 [2] 18,000 $ 49,000 [2] 49,000  
Unconsolidated Co-Investment Ventures [Member] | Europe [Member]          
Schedule Of Equity Method Investments [Line Items]          
Ventures | Venture 2   2   2
Operating properties | Property 1,017   1,017   1,007
Square feet | ft² 227   227   223
Total assets $ 24,819,000   $ 24,819,000   $ 23,504,000
Third-party debt 6,167,000   6,167,000   5,804,000
Total liabilities 8,325,000   8,325,000   7,849,000
Our investment balance [1] 4,434,000   4,434,000   $ 4,126,000
Total revenues 467,000 429,000 1,359,000 1,255,000  
Consolidated net earnings 96,000 66,000 259,000 226,000  
Our earnings from unconsolidated co-investment ventures, net $ 36,000 23,000 $ 91,000 74,000  
Unconsolidated Co-Investment Ventures [Member] | Asia [Member]          
Schedule Of Equity Method Investments [Line Items]          
Ventures | Venture 4   4   4
Operating properties | Property 240   240   228
Square feet | ft² 98   98   94
Total assets $ 10,224,000   $ 10,224,000   $ 10,226,000
Third-party debt 4,003,000   4,003,000   3,983,000
Total liabilities 4,439,000   4,439,000   4,429,000
Our investment balance [1] 839,000   839,000   $ 844,000
Total revenues 162,000 164,000 475,000 491,000  
Consolidated net earnings 11,000 28,000 48,000 56,000  
Our earnings from unconsolidated co-investment ventures, net $ 2,000 $ 5,000 $ 9,000 $ 10,000  
Unconsolidated Co-Investment Ventures [Member] | Other Investees [Member] | Weighted Average [Member]          
Schedule Of Equity Method Investments [Line Items]          
Our weighted average ownership [4] 28.60%   28.60%   28.10%
Unconsolidated Co-Investment Ventures [Member] | Other Investees [Member] | Weighted Average [Member] | U.S. [Member]          
Schedule Of Equity Method Investments [Line Items]          
Our weighted average ownership [4] 30.30%   30.30%   27.30%
Unconsolidated Co-Investment Ventures [Member] | Other Investees [Member] | Weighted Average [Member] | Other Americas [Member]          
Schedule Of Equity Method Investments [Line Items]          
Our weighted average ownership [3],[4] 33.40% [2]   33.40% [2]   39.30%
Unconsolidated Co-Investment Ventures [Member] | Other Investees [Member] | Weighted Average [Member] | Europe [Member]          
Schedule Of Equity Method Investments [Line Items]          
Our weighted average ownership [4] 32.20%   32.20%   31.90%
Unconsolidated Co-Investment Ventures [Member] | Other Investees [Member] | Weighted Average [Member] | Asia [Member]          
Schedule Of Equity Method Investments [Line Items]          
Our weighted average ownership [4] 15.20%   15.20%   15.20%
[1] 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 September 30, 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; and (iv) customer security deposits retained subsequent to property contributions to Nippon Prologis REIT, Inc. and Prologis Japan Core Logistics Fund.
[2] In August 2024, FIBRA Prologis in Mexico completed a tender offer to acquire 77.1% of Terrafina, a Mexican FIBRA, through a combination of stock and cash, and began consolidating Terrafina. At June 30, 2024, Terrafina owned and managed 42.2 million square feet of industrial real estate, including 288 industrial operating properties. As a result of the transaction, our ownership percentage in FIBRA Prologis decreased to 35.5%. The assets and liabilities of Terrafina are not included in key property information as FIBRA Prologis is a publicly traded vehicle in Mexico that has not yet reported results for the third quarter of 2024.
[3] Prologis Brazil Logistics Venture and our other Brazilian joint ventures are combined as one venture for the purpose of this table.
[4] 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.