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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Rental $ 426,549 $ 447,960 $ 854,450 $ 887,844
Rental recoveries 118,130 128,417 246,172 255,466
Strategic capital 75,697 180,654 208,658 237,699
Development management and other 900 9,152 5,652 14,329
Total revenues 621,276 766,183 1,314,932 1,395,338
Expenses:        
Rental 133,329 147,794 276,270 300,450
Strategic capital 34,850 51,986 78,710 83,785
General and administrative 57,615 60,077 120,043 113,694
Depreciation and amortization 203,673 228,145 407,754 454,736
Other 4,515 2,909 7,754 5,515
Total expenses 433,982 490,911 890,531 958,180
Operating income 187,294 275,272 424,401 437,158
Other income (expense):        
Earnings from unconsolidated entities, net 62,549 68,596 125,205 117,201
Interest expense (56,314) (75,354) (102,575) (148,266)
Interest and other income, net 5,641 1,892 7,617 4,677
Gains on dispositions of investments in real estate, net 94,261 83,006 289,372 180,331
Foreign currency and derivative gains (losses), net 85,382 (20,055) 44,288 (27,455)
Gains (losses) on early extinguishment of debt, net 282 (30,596) (702) (30,596)
Total other income 191,801 27,489 363,205 95,892
Earnings before income taxes 379,095 302,761 787,606 533,050
Total income tax expense 14,104 14,781 30,656 24,381
Consolidated net earnings 364,991 287,980 756,950 508,669
Less net earnings attributable to noncontrolling interests 28,904 19,363 53,485 35,123
Net earnings attributable to controlling interests 336,087 268,617 703,465 473,546
Less preferred stock/unit dividends/distributions 1,476 1,674 2,952 3,348
Net earnings attributable to common stockholders/unitholders $ 334,611 $ 266,943 $ 700,513 $ 470,198
Weighted average common shares/units outstanding - Basic 532,639 530,040 532,427 529,400
Weighted average common shares/units outstanding - Diluted 554,515 552,114 554,066 550,512
Net earnings per share attributable to common stockholders/unitholders - Basic $ 0.63 $ 0.50 $ 1.32 $ 0.89
Net earnings per share attributable to common stockholders/unitholders - Diluted 0.62 0.50 1.30 0.88
Dividends per common share or unit $ 0.48 $ 0.44 $ 0.96 $ 0.88
Prologis, L.P. [Member]        
Revenues:        
Rental $ 426,549 $ 447,960 $ 854,450 $ 887,844
Rental recoveries 118,130 128,417 246,172 255,466
Strategic capital 75,697 180,654 208,658 237,699
Development management and other 900 9,152 5,652 14,329
Total revenues 621,276 766,183 1,314,932 1,395,338
Expenses:        
Rental 133,329 147,794 276,270 300,450
Strategic capital 34,850 51,986 78,710 83,785
General and administrative 57,615 60,077 120,043 113,694
Depreciation and amortization 203,673 228,145 407,754 454,736
Other 4,515 2,909 7,754 5,515
Total expenses 433,982 490,911 890,531 958,180
Operating income 187,294 275,272 424,401 437,158
Other income (expense):        
Earnings from unconsolidated entities, net 62,549 68,596 125,205 117,201
Interest expense (56,314) (75,354) (102,575) (148,266)
Interest and other income, net 5,641 1,892 7,617 4,677
Gains on dispositions of investments in real estate, net 94,261 83,006 289,372 180,331
Foreign currency and derivative gains (losses), net 85,382 (20,055) 44,288 (27,455)
Gains (losses) on early extinguishment of debt, net 282 (30,596) (702) (30,596)
Total other income 191,801 27,489 363,205 95,892
Earnings before income taxes 379,095 302,761 787,606 533,050
Total income tax expense 14,104 14,781 30,656 24,381
Consolidated net earnings 364,991 287,980 756,950 508,669
Less net earnings attributable to noncontrolling interests 18,882 11,986 32,940 22,123
Net earnings attributable to controlling interests 346,109 275,994 724,010 486,546
Less preferred stock/unit dividends/distributions 1,476 1,674 2,952 3,348
Net earnings attributable to common stockholders/unitholders $ 344,633 $ 274,320 $ 721,058 $ 483,198
Weighted average common shares/units outstanding - Basic 540,084 536,060 539,547 535,392
Weighted average common shares/units outstanding - Diluted 554,515 552,114 554,066 550,512
Net earnings per share attributable to common stockholders/unitholders - Basic $ 0.63 $ 0.50 $ 1.32 $ 0.89
Net earnings per share attributable to common stockholders/unitholders - Diluted 0.62 0.50 1.30 0.88
Dividends per common share or unit $ 0.48 $ 0.44 $ 0.96 $ 0.88