Unconsolidated Entities (Tables)

3 Months Ended

Mar. 31, 2021

Schedule Of Equity Method Investments [Line Items]

Summary of Investments in and Advances to our Unconsolidated Entities

The following table summarizes our investments in and advances to unconsolidated entities (in thousands):

	March 31,		December 31,
	2021		2020
Unconsolidated co-investment ventures	$	6,594,263	$	6,685,567
Other ventures		920,577		916,447
Total	$	7,514,840	$	7,602,014

Unconsolidated Co-Investment Ventures [Member]

Schedule Of Equity Method Investments [Line Items]

Summary of Investments in and Advances to our Unconsolidated Entities

The following table summarizes the key property information, financial position and operating information of our unconsolidated co-investment ventures (not our proportionate share) and the amounts we recognized in the Consolidated Financial Statements related to these ventures (dollars and square feet in millions):

	U.S.						Other Americas⁽¹⁾						Europe						Asia						Total
As of:	Mar 31, 2021			Dec 31, 2020			Mar 31, 2021			Dec 31, 2020			Mar 31, 2021			Dec 31, 2020			Mar 31, 2021			Dec 31, 2020			Mar 31, 2021			Dec 31, 2020
Key property information:
Ventures		1			1			2			2			3			3			3			3			9			9
Operating properties		710			706			230			229			778			768			179			167			1,897			1,870
Square feet		118			117			51			51			187			185			72			67			428			420

Financial position:
Total assets ($)		10,937			10,840			2,987			3,023			17,106			16,918			10,222			10,209			41,252			40,990
Third-party debt ($)		3,169			3,129			824			854			4,110			4,002			3,920			3,831			12,023			11,816
Total liabilities ($)		3,760			3,722			864			898			5,768			5,607			4,428			4,389			14,820			14,616

Our investment balance ($) ⁽²⁾		1,892			1,886			810			811			3,065			3,152			827			837			6,594			6,686
Our weighted average ownership ⁽³⁾		25.4	%		25.6	%		40.8	%		40.8	%		29.4	%		30.0	%		15.2	%		15.2	%		25.8	%		26.1	%

	U.S.						Other Americas ⁽¹⁾						Europe						Asia						Total
Operating Information:	Mar 31, 2021			Mar 31, 2020			Mar 31, 2021			Mar 31, 2020			Mar 31, 2021			Mar 31, 2020			Mar 31, 2021			Mar 31, 2020			Mar 31, 2021			Mar 31, 2020
For the three months ended:
Total revenues ($)		254			233			75			68			338			290			159			138			826			729
Net earnings ($)		49			34			30			23			87			78			35			26			201			161

Our earnings from unconsolidated co-investment ventures, net ($)		13			9			12			9			28			25			6			4			59			47

(1)	PBLV and our other Brazilian joint ventures are combined as one venture for the purpose of this table.

(2)

Prologis’ investment balance is presented at our adjusted basis derived from the ventures’ U.S. GAAP information. The difference between our ownership interest of a venture’s equity and our investment balance at March 31, 2021 and December 31, 2020, resulted principally from four types of transactions: (i) deferred gains from the contribution of property to a venture prior to January 1, 2018; (ii) recording additional costs associated with our investment in the venture; (iii) receivables, principally for fees and promotes ($143.7 million and $165.6 million, respectively); and (iv) customer security deposits retained subsequent to property contributions to Nippon Prologis REIT, Inc.

(3)	Represents our weighted average ownership interest in all unconsolidated co-investment ventures based on each entity’s contribution of total assets before depreciation, net of other liabilities.

Summary of Strategic Capital Revenues Recognized in Consolidated Statements of Income Related to Co-Investment Ventures

The following table summarizes the Strategic Capital Revenues we recognized in the Consolidated Statements of Income related to our unconsolidated co-investment ventures (in thousands):

	Three Months Ended March 31,
	2021		2020
Recurring fees	$	91,037	$	74,687
Transactional fees		20,878		19,960
Promote revenue		1,615		591
Total strategic capital revenues from unconsolidated co-investment ventures ⁽¹⁾	$	113,530	$	95,238

(1)	These amounts exclude strategic capital revenues from other ventures.