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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Rental $ 878,807 $ 696,807
Strategic capital 96,591 73,805
Development management and other 2,843 1,440
Total revenues 978,241 772,052
Expenses:    
Rental 227,618 188,068
Strategic capital 46,574 38,058
General and administrative 69,689 69,701
Depreciation and amortization 345,970 284,009
Other 14,574 3,834
Total expenses 704,425 583,670
Operating income before gains on real estate transactions, net 273,816 188,382
Gains on dispositions of development properties and land, net 162,750 42,441
Gains on other dispositions of investments in real estate, net 31,491 145,767
Operating income 468,057 376,590
Other income (expense):    
Earnings from unconsolidated entities, net 88,730 56,666
Interest expense (75,642) (60,507)
Interest and other income, net 370 7,910
Foreign currency and derivative gains, net 113,329 8,734
Losses on early extinguishment of debt, net (42,767) (2,116)
Total other income 84,020 10,687
Earnings before income taxes 552,077 387,277
Total income tax expense 30,913 13,512
Consolidated net earnings 521,164 373,765
Less net earnings attributable to noncontrolling interests 30,111 25,219
Net earnings attributable to controlling interests 491,053 348,546
Less preferred stock/unit dividends/distributions 1,635 1,499
Net earnings attributable to common stockholders/unitholders $ 489,418 $ 347,047
Weighted average common shares/units outstanding - Basic 698,272 629,676
Weighted average common shares/units outstanding - Diluted 723,983 654,359
Net earnings per share/unit attributable to common stockholders/unitholders - Basic $ 0.70 $ 0.55
Net earnings per share/unit attributable to common stockholders/unitholders - Diluted $ 0.70 $ 0.55
Prologis, L.P. [Member]    
Revenues:    
Rental $ 878,807 $ 696,807
Strategic capital 96,591 73,805
Development management and other 2,843 1,440
Total revenues 978,241 772,052
Expenses:    
Rental 227,618 188,068
Strategic capital 46,574 38,058
General and administrative 69,689 69,701
Depreciation and amortization 345,970 284,009
Other 14,574 3,834
Total expenses 704,425 583,670
Operating income before gains on real estate transactions, net 273,816 188,382
Gains on dispositions of development properties and land, net 162,750 42,441
Gains on other dispositions of investments in real estate, net 31,491 145,767
Operating income 468,057 376,590
Other income (expense):    
Earnings from unconsolidated entities, net 88,730 56,666
Interest expense (75,642) (60,507)
Interest and other income, net 370 7,910
Foreign currency and derivative gains, net 113,329 8,734
Losses on early extinguishment of debt, net (42,767) (2,116)
Total other income 84,020 10,687
Earnings before income taxes 552,077 387,277
Total income tax expense 30,913 13,512
Consolidated net earnings 521,164 373,765
Less net earnings attributable to noncontrolling interests 16,141 14,645
Net earnings attributable to controlling interests 505,023 359,120
Less preferred stock/unit dividends/distributions 1,635 1,499
Net earnings attributable to common stockholders/unitholders $ 503,388 $ 357,621
Weighted average common shares/units outstanding - Basic 710,141 640,504
Weighted average common shares/units outstanding - Diluted 723,983 654,359
Net earnings per share/unit attributable to common stockholders/unitholders - Basic $ 0.70 $ 0.55
Net earnings per share/unit attributable to common stockholders/unitholders - Diluted $ 0.70 $ 0.55