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Unconsolidated Entities - Summary of Unconsolidated Co-investment Ventures (Detail) - Unconsolidated Co-Investment Ventures [Member]
$ in Thousands, ft² in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
USD ($)
ft²
Property
Venture
Jun. 30, 2015
USD ($)
ft²
Property
Venture
Jun. 30, 2016
USD ($)
ft²
Property
Venture
Jun. 30, 2015
USD ($)
ft²
Property
Venture
Dec. 31, 2015
USD ($)
ft²
Property
Venture
Schedule Of Equity Method Investments [Line Items]          
Number of ventures | Venture 9 9 9 9 9
Number of properties owned | Property 1,355 1,325 1,355 1,325 1,350
Square feet | ft² 284 271 284 271 277
Total assets $ 23,456,000 $ 22,544,000 $ 23,456,000 $ 22,544,000 $ 22,553,000
Third-party debt 6,620,000 6,315,000 6,620,000 6,315,000 6,250,000
Total liabilities 8,047,000 7,643,000 8,047,000 7,643,000 7,593,000
Our investment balance [1] 4,328,000 4,727,000 4,328,000 4,727,000 $ 4,585,000
Revenues 491,354 453,243 965,898 905,888  
Net operating income [2] 380,645 351,228 746,013 697,377  
Net earnings $ 115,076 $ 117,859 $ 254,457 $ 208,108  
U.S. [Member]          
Schedule Of Equity Method Investments [Line Items]          
Number of ventures | Venture 1 1 1 1 1
Number of properties owned | Property 379 399 379 399 391
Square feet | ft² 49 51 49 51 50
Total assets $ 4,228,000 $ 4,405,000 $ 4,228,000 $ 4,405,000 $ 4,408,000
Third-party debt 1,425,000 1,509,000 1,425,000 1,509,000 1,433,000
Total liabilities 1,504,000 1,589,000 1,504,000 1,589,000 1,550,000
Our investment balance [1],[3] 518,000 697,000 518,000 697,000 $ 690,000
Revenues 98,009 93,825 195,970 187,370  
Net operating income [2] 69,848 66,179 138,142 130,150  
Net earnings $ 5,285 $ 3,771 $ 35,860 $ 5,803  
Other Americas [Member]          
Schedule Of Equity Method Investments [Line Items]          
Number of ventures | Venture 2 2 2 2 2
Number of properties owned | Property 209 201 209 201 205
Square feet | ft² 41 38 41 38 39
Total assets $ 2,694,000 $ 2,509,000 $ 2,694,000 $ 2,509,000 $ 2,482,000
Third-party debt 677,000 572,000 677,000 572,000 657,000
Total liabilities 772,000 624,000 772,000 624,000 708,000
Our investment balance [1] 848,000 827,000 848,000 827,000 $ 786,000
Revenues 59,669 61,013 116,083 117,482  
Net operating income [2] 51,018 51,208 99,851 99,320  
Net earnings $ 19,451 $ 24,374 $ 33,349 $ 38,242  
Europe [Member]          
Schedule Of Equity Method Investments [Line Items]          
Number of ventures | Venture 4 4 4 4 4
Number of properties owned | Property 690 669 690 669 688
Square feet | ft² 160 155 160 155 159
Total assets $ 11,188,000 $ 11,427,000 $ 11,188,000 $ 11,427,000 $ 11,343,000
Third-party debt 2,566,000 2,533,000 2,566,000 2,533,000 2,640,000
Total liabilities 3,521,000 3,484,000 3,521,000 3,484,000 3,584,000
Our investment balance [1],[3] 2,464,000 2,844,000 2,464,000 2,844,000 $ 2,707,000
Revenues 247,264 230,145 491,583 464,858  
Net operating income [2] 192,696 181,094 381,673 361,926  
Net earnings $ 68,567 $ 67,484 $ 141,399 $ 118,443  
Asia [Member]          
Schedule Of Equity Method Investments [Line Items]          
Number of ventures | Venture 2 2 2 2 2
Number of properties owned | Property 77 56 77 56 66
Square feet | ft² 34 27 34 27 29
Total assets $ 5,346,000 $ 4,203,000 $ 5,346,000 $ 4,203,000 $ 4,320,000
Third-party debt 1,952,000 1,701,000 1,952,000 1,701,000 1,520,000
Total liabilities 2,250,000 1,946,000 2,250,000 1,946,000 1,751,000
Our investment balance [1] 498,000 359,000 498,000 359,000 $ 402,000
Revenues 86,412 68,260 162,262 136,178  
Net operating income [2] 67,083 52,747 126,347 105,981  
Net earnings $ 21,773 $ 22,230 $ 43,849 $ 45,620  
Weighted Average [Member]          
Schedule Of Equity Method Investments [Line Items]          
Our weighted average ownership [4] 28.80% 32.00% 28.80% 32.00% 31.60%
Weighted Average [Member] | U.S. [Member]          
Schedule Of Equity Method Investments [Line Items]          
Our weighted average ownership [3],[4] 17.60% 23.10% 17.60% 23.10% 22.50%
Weighted Average [Member] | Other Americas [Member]          
Schedule Of Equity Method Investments [Line Items]          
Our weighted average ownership [4] 43.60% 43.20% 43.60% 43.20% 43.80%
Weighted Average [Member] | Europe [Member]          
Schedule Of Equity Method Investments [Line Items]          
Our weighted average ownership [3],[4] 36.20% 39.40% 36.20% 39.40% 38.90%
Weighted Average [Member] | Asia [Member]          
Schedule Of Equity Method Investments [Line Items]          
Our weighted average ownership [4] 15.00% 15.00% 15.00% 15.00% 15.00%
[1] The difference between our ownership interest of a venture’s equity and our investment balance, at June 30, 2016 and December 31, 2015, results principally from three types of transactions: (i) deferring a portion of the gains we recognize from a contribution of a property to a venture ($429.7 million and $430.7 million, respectively); (ii) recording additional costs associated with our investment in a venture ($123.9 million and $122.1 million, respectively); and (iii) advances to a venture ($165.2 million and $189.7 million, respectively). Included in the advances to our ventures at June 30, 2016 and December 31, 2015 were receivables from Nippon Prologis REIT, Inc. (“NPR”) of $109.5 million and $85.2 million, respectively, related to customer security deposits that originated through a leasing company owned by us that pertain to properties owned by NPR. We have a corresponding payable to NPR’s customers in Other Liabilities.
[2] Net operating income represents rental revenues less rental expenses.
[3] In April 2016, we redeemed a portion of our investment in Prologis Targeted European Logistics Fund (“PTELF”) and Prologis Targeted U.S. Logistics Fund (“USLF”) for €185.0 million ($210.6 million) and $200.0 million, respectively, and recorded a gain of $86.6 million, which is included in Gains on the Dispositions of Investments in Real Estate, Net. The amounts received for the redemptions were included in Return of Investment from Unconsolidated Entities. Also in April 2016, PTELF received an additional €120.0 million ($135.0 million) from third-party investors. As a result of these transactions, our ownership percentage in these funds decreased to 27.9% and 17.6% in PTELF and USLF, respectively.
[4] Represents our weighted average ownership interest in all co-investment ventures based on each entity’s contribution of total assets, before depreciation, net of other liabilities.