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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues:    
Rental $ 696,807 $ 555,943
Strategic capital 73,805 132,961
Development management and other 1,440 4,752
Total revenues 772,052 693,656
Expenses:    
Rental 188,068 142,941
Strategic capital 38,058 43,860
General and administrative 69,701 62,428
Depreciation and amortization 284,009 204,081
Other 3,834 3,239
Total expenses 583,670 456,549
Operating income before gains on real estate transactions, net 188,382 237,107
Gains on real estate transactions, net 188,208 195,111
Operating income 376,590 432,218
Other income (expense):    
Earnings from unconsolidated entities, net 56,666 62,656
Interest expense (60,507) (47,245)
Interest and other income, net 7,910 1,976
Foreign currency and derivative gains (losses), net 8,734 (41,094)
Losses on early extinguishment of debt, net (2,116) 0
Total other income (expense) 10,687 (23,707)
Earnings before income taxes 387,277 408,511
Total income tax expense 13,512 16,552
Consolidated net earnings 373,765 391,959
Less net earnings attributable to noncontrolling interests 25,219 24,581
Net earnings attributable to controlling interests 348,546 367,378
Less preferred stock/unit dividends/distributions 1,499 1,476
Net earnings attributable to common stockholders/unitholders $ 347,047 $ 365,902
Weighted average common shares/units outstanding - Basic 629,676 532,185
Weighted average common shares/units outstanding - Diluted 654,359 554,123
Net earnings per share attributable to common stockholders/unitholders - Basic $ 0.55 $ 0.69
Net earnings per share attributable to common stockholders/unitholders - Diluted $ 0.55 $ 0.68
Prologis, L.P. [Member]    
Revenues:    
Rental $ 696,807 $ 555,943
Strategic capital 73,805 132,961
Development management and other 1,440 4,752
Total revenues 772,052 693,656
Expenses:    
Rental 188,068 142,941
Strategic capital 38,058 43,860
General and administrative 69,701 62,428
Depreciation and amortization 284,009 204,081
Other 3,834 3,239
Total expenses 583,670 456,549
Operating income before gains on real estate transactions, net 188,382 237,107
Gains on real estate transactions, net 188,208 195,111
Operating income 376,590 432,218
Other income (expense):    
Earnings from unconsolidated entities, net 56,666 62,656
Interest expense (60,507) (47,245)
Interest and other income, net 7,910 1,976
Foreign currency and derivative gains (losses), net 8,734 (41,094)
Losses on early extinguishment of debt, net (2,116) 0
Total other income (expense) 10,687 (23,707)
Earnings before income taxes 387,277 408,511
Total income tax expense 13,512 16,552
Consolidated net earnings 373,765 391,959
Less net earnings attributable to noncontrolling interests 14,645 14,058
Net earnings attributable to controlling interests 359,120 377,901
Less preferred stock/unit dividends/distributions 1,499 1,476
Net earnings attributable to common stockholders/unitholders $ 357,621 $ 376,425
Weighted average common shares/units outstanding - Basic 640,504 538,977
Weighted average common shares/units outstanding - Diluted 654,359 554,123
Net earnings per share attributable to common stockholders/unitholders - Basic $ 0.55 $ 0.69
Net earnings per share attributable to common stockholders/unitholders - Diluted $ 0.55 $ 0.68