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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues:      
Rental $ 1,536,117 $ 1,178,609 $ 1,227,975
Rental recoveries 437,070 348,740 331,518
Strategic capital 210,362 219,871 179,472
Development management and other 13,525 13,567 11,521
Total revenues 2,197,074 1,760,787 1,750,486
Expenses:      
Rental 543,214 430,787 451,938
Strategic capital 88,418 96,496 89,279
General and administrative 238,199 247,768 229,207
Depreciation and amortization 880,373 642,461 648,668
Other 66,698 23,467 26,982
Total expenses 1,816,902 1,440,979 1,446,074
Operating income 380,172 319,808 304,412
Other income (expense):      
Earnings from unconsolidated entities, net 159,262 134,288 97,220
Interest expense (301,363) (308,885) (379,327)
Interest and other income, net 25,484 25,768 26,948
Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net 758,887 725,790 597,656
Foreign currency and derivative gains (losses) and related amortization, net 12,466 (17,841) (33,633)
Losses on early extinguishment of debt, net (86,303) (165,300) (277,014)
Total other income 568,433 393,820 31,850
Earnings before income taxes 948,605 713,628 336,262
Total income tax expense (benefit) 23,090 (25,656) 106,733
Earnings from continuing operations 925,515 739,284 229,529
Discontinued operations:      
Income attributable to disposed properties and assets held for sale 0 0 6,970
Net gains on dispositions, including taxes 0 0 116,550
Total discontinued operations 0 0 123,520
Consolidated net earnings 925,515 739,284 353,049
Less net earnings attributable to noncontrolling interests 56,076 103,101 10,128
Net earnings attributable to controlling interests 869,439 636,183 342,921
Less preferred stock/unit dividends/distributions 6,651 7,431 18,391
Loss on preferred stock redemption/repurchase 0 6,517 9,108
Net earnings attributable to common stockholders/unitholders $ 862,788 $ 622,235 $ 315,422
Weighted average common shares/units outstanding – Basic 521,241 499,583 486,076
Weighted average common shares/units outstanding – Diluted 533,944 506,391 491,546
Net earnings per share attributable to common stockholders/unitholders – Basic      
Continuing operations $ 1.66 $ 1.25 $ 0.40
Discontinued operations 0 0 0.25
Net earnings per share attributable to common stockholders/unitholders – Basic 1.66 1.25 0.65
Net earnings per share attributable to common stockholders/unitholders – Diluted      
Continuing operations 1.64 1.24 0.39
Discontinued operations 0 0 0.25
Net earnings per share attributable to common stockholders/unitholders – Diluted 1.64 1.24 0.64
Dividends per common share or unit $ 1.52 $ 1.32 $ 1.12
Prologis, L.P. [Member]      
Revenues:      
Rental $ 1,536,117 $ 1,178,609 $ 1,227,975
Rental recoveries 437,070 348,740 331,518
Strategic capital 210,362 219,871 179,472
Development management and other 13,525 13,567 11,521
Total revenues 2,197,074 1,760,787 1,750,486
Expenses:      
Rental 543,214 430,787 451,938
Strategic capital 88,418 96,496 89,279
General and administrative 238,199 247,768 229,207
Depreciation and amortization 880,373 642,461 648,668
Other 66,698 23,467 26,982
Total expenses 1,816,902 1,440,979 1,446,074
Operating income 380,172 319,808 304,412
Other income (expense):      
Earnings from unconsolidated entities, net 159,262 134,288 97,220
Interest expense (301,363) (308,885) (379,327)
Interest and other income, net 25,484 25,768 26,948
Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net 758,887 725,790 597,656
Foreign currency and derivative gains (losses) and related amortization, net 12,466 (17,841) (33,633)
Losses on early extinguishment of debt, net (86,303) (165,300) (277,014)
Total other income 568,433 393,820 31,850
Earnings before income taxes 948,605 713,628 336,262
Total income tax expense (benefit) 23,090 (25,656) 106,733
Discontinued operations:      
Income attributable to disposed properties and assets held for sale 0 0 6,970
Net gains on dispositions, including taxes 0 0 116,550
Total discontinued operations 0 0 123,520
Consolidated net earnings 925,515 739,284 353,049
Less net earnings attributable to noncontrolling interests 44,950 100,900 8,920
Net earnings attributable to controlling interests 880,565 638,384 344,129
Less preferred stock/unit dividends/distributions 6,651 7,431 18,391
Loss on preferred stock redemption/repurchase 0 6,517 9,108
Net earnings attributable to common stockholders/unitholders $ 873,914 $ 624,436 $ 316,630
Weighted average common shares/units outstanding – Basic 525,912 501,349 487,936
Weighted average common shares/units outstanding – Diluted 533,944 506,391 491,546
Net earnings per share attributable to common stockholders/unitholders – Basic      
Continuing operations $ 1.66 $ 1.25 $ 0.40
Discontinued operations 0 0 0.25
Net earnings per share attributable to common stockholders/unitholders – Basic 1.66 1.25 0.65
Net earnings per share attributable to common stockholders/unitholders – Diluted      
Continuing operations 1.64 1.24 0.39
Discontinued operations 0 0 0.25
Net earnings per share attributable to common stockholders/unitholders – Diluted 1.64 1.24 0.64
Dividends per common share or unit $ 1.52 $ 1.32 $ 1.12
Earnings from continuing operations $ 925,515 $ 739,284 $ 229,529