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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues:    
Rental $ 437,104 $ 324,547
Rental recoveries 117,012 94,255
Strategic capital 49,666 42,025
Development management and other 2,518 2,020
Total revenues 606,300 462,847
Expenses:    
Rental 146,581 127,095
Strategic capital 25,293 25,182
General and administrative, net 50,543 51,306
Depreciation and amortization 250,000 169,808
Other 4,685 5,575
Total expenses 477,102 378,966
Operating income 129,198 83,881
Other income (expense):    
Earnings from unconsolidated entities, net 58,311 31,042
Interest expense (80,812) (68,761)
Interest and other income, net 2,591 11,049
Gains on dispositions of investments in real estate, net 144,317 277,715
Foreign currency and derivative gains (losses) and related amortization, net (14,211) 34,566
Losses on early extinguishment of debt, net (1,052) (16,289)
Total other income 109,144 269,322
Earnings before income taxes 238,342 353,203
Total income tax expense 15,537 1,891
Consolidated net earnings 222,805 351,312
Less net earnings attributable to noncontrolling interests 13,075 4,436
Net earnings attributable to controlling interests 209,730 346,876
Less preferred stock/unit dividends/distributions 1,689 1,670
Net earnings attributable to common stockholders/unitholders $ 208,041 $ 345,206
Weighted average common shares/units outstanding – Basic 524,205 514,022
Weighted average common shares/units outstanding – Diluted 543,562 529,022
Net earnings per share attributable to common stockholders/unitholders – Basic $ 0.40 $ 0.67
Net earnings per share attributable to common stockholders/unitholders – Diluted 0.39 0.65
Dividends per common share or unit $ 0.42 $ 0.36
Prologis, L.P. [Member]    
Revenues:    
Rental $ 437,104 $ 324,547
Rental recoveries 117,012 94,255
Strategic capital 49,666 42,025
Development management and other 2,518 2,020
Total revenues 606,300 462,847
Expenses:    
Rental 146,581 127,095
Strategic capital 25,293 25,182
General and administrative, net 50,543 51,306
Depreciation and amortization 250,000 169,808
Other 4,685 5,575
Total expenses 477,102 378,966
Operating income 129,198 83,881
Other income (expense):    
Earnings from unconsolidated entities, net 58,311 31,042
Interest expense (80,812) (68,761)
Interest and other income, net 2,591 11,049
Gains on dispositions of investments in real estate, net 144,317 277,715
Foreign currency and derivative gains (losses) and related amortization, net (14,211) 34,566
Losses on early extinguishment of debt, net (1,052) (16,289)
Total other income 109,144 269,322
Earnings before income taxes 238,342 353,203
Total income tax expense 15,537 1,891
Consolidated net earnings 222,805 351,312
Less net earnings attributable to noncontrolling interests 6,841 3,154
Net earnings attributable to controlling interests 215,964 348,158
Less preferred stock/unit dividends/distributions 1,689 1,670
Net earnings attributable to common stockholders/unitholders $ 214,275 $ 346,488
Weighted average common shares/units outstanding – Basic 531,070 515,931
Weighted average common shares/units outstanding – Diluted 543,562 529,022
Net earnings per share attributable to common stockholders/unitholders – Basic $ 0.40 $ 0.67
Net earnings per share attributable to common stockholders/unitholders – Diluted 0.39 0.65
Dividends per common share or unit $ 0.42 $ 0.36