XML 51 R26.htm IDEA: XBRL DOCUMENT v3.10.0.1
Noncontrolling Interests (Tables)
6 Months Ended
Jun. 30, 2018
Noncontrolling Interest [Abstract]  
Summary of Ownership Percentages and Noncontrolling Interests

The following table summarizes our ownership percentages, noncontrolling interests and the consolidated entities’ total assets and liabilities (dollars in thousands):

 

 

Our Ownership Percentage

 

 

Noncontrolling Interests

 

 

Total Assets

 

 

Total Liabilities

 

 

Jun 30,

2018

 

 

Dec 31,

2017

 

 

Jun 30,

2018

 

 

Dec 31,

2017

 

 

Jun 30,

2018

 

 

Dec 31,

2017

 

 

Jun 30,

2018

 

 

Dec 31,

2017

 

Prologis U.S. Logistics Venture

 

55.0

%

 

 

55.0

%

 

$

2,539,930

 

 

$

2,581,629

 

 

$

6,186,215

 

 

$

6,030,819

 

 

$

238,101

 

 

$

284,162

 

Other consolidated entities (1)

various

 

 

various

 

 

 

84,245

 

 

 

78,613

 

 

 

820,113

 

 

 

806,138

 

 

 

29,813

 

 

 

30,330

 

Prologis, L.P.

 

 

 

 

 

 

 

 

 

2,624,175

 

 

 

2,660,242

 

 

 

7,006,328

 

 

 

6,836,957

 

 

 

267,914

 

 

 

314,492

 

Limited partners in Prologis, L.P. (2) (3)

 

 

 

463,758

 

 

 

414,341

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Prologis, Inc.

 

 

 

 

 

 

 

 

$

3,087,933

 

 

$

3,074,583

 

 

$

7,006,328

 

 

$

6,836,957

 

 

$

267,914

 

 

$

314,492

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

This line item includes our two partnerships that have issued limited partnership units to third parties, as discussed above, along with various other consolidated entities. The limited partnership units outstanding at June 30, 2018 and December 31, 2017 were exchangeable into cash or, at our option, 0.9 million and 1.0 million shares of the Parent’s common stock.

 

(2)

We had 8.8 million and 8.9 million Class A Units that were convertible into 8.4 million and 8.5 million limited partnership units of the OP at June 30, 2018 and December 31, 2017, respectively.

 

(3)

At June 30, 2018 and December 31, 2017, excluding the Class A Units, there were limited partnership units in the OP that were exchangeable into cash or, at our option, 3.9 million and 4.1 million shares of the Parent’s common stock, respectively. Also included are the vested OP Long-Term Incentive Plan Units (“LTIP Units”) associated with our long-term compensation plan. See further discussion of LTIP Units in Note 7.