Noncontrolling Interests (Tables)

6 Months Ended

Jun. 30, 2021

Summary of Ownership Percentages and Noncontrolling Interests

The following table summarizes these entities (dollars in thousands):

	Our Ownership Percentage						Noncontrolling Interests				Total Assets				Total Liabilities
	Jun 30, 2021			Dec 31, 2020			Jun 30, 2021		Dec 31, 2020		Jun 30, 2021		Dec 31, 2020		Jun 30, 2021		Dec 31, 2020
Prologis U.S. Logistics Venture		55.0	%		55.0	%	$	3,369,402	$	3,385,110	$	7,609,036	$	7,663,800	$	129,701	$	145,131
Other consolidated entities⁽¹⁾	various			various				128,396		98,416		1,368,652		1,066,129		167,751		73,987
Prologis, L.P.								3,497,798		3,483,526		8,977,688		8,729,929		297,452		219,118
Limited partners in Prologis, L.P. ⁽²⁾⁽³⁾								877,293		869,507		-		-		-		-
Prologis, Inc.							$	4,375,091	$	4,353,033	$	8,977,688	$	8,729,929	$	297,452	$	219,118

(1)

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, 2021 and December 31, 2020 were exchangeable into cash or, at our option, 0.3 million shares of the Parent’s common stock.

(2)	We had 8.6 million Class A Units that were convertible into 8.0 million limited partnership units of the OP at June 30, 2021 and December 31, 2020.

(3)

At June 30, 2021 and December 31, 2020, excluding the Class A Units, there were limited partnership units in the OP that were exchangeable into cash or, at our option, 8.2 million shares of the Parent’s common stock. Also included are the vested OP Long-Term Incentive Plan Units (“LTIP Units”) associated with our long-term compensation plan of 4.0 million at June 30, 2021 and 3.9 million at December 31, 2020. See further discussion of LTIP Units in Note 8.