XML 94 R64.htm IDEA: XBRL DOCUMENT v3.22.0.1
Unconsolidated Entities - Summary of Operating Information and Financial Position of Unconsolidated Co-investment Ventures (Detail)
$ in Thousands, ft² in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2021
USD ($)
ft²
Property
Venture
Sep. 30, 2021
USD ($)
Jun. 30, 2021
USD ($)
Mar. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
ft²
Property
Venture
Sep. 30, 2020
USD ($)
Jun. 30, 2020
USD ($)
Mar. 31, 2020
USD ($)
Dec. 31, 2021
USD ($)
ft²
Property
Venture
Dec. 31, 2020
USD ($)
ft²
Property
Venture
Dec. 31, 2019
USD ($)
Schedule Of Equity Method Investments [Line Items]                      
Total assets $ 58,486,220       $ 56,065,005       $ 58,486,220 $ 56,065,005  
Total liabilities 20,744,010       19,740,425       20,744,010 19,740,425  
Total revenues 1,277,233 $ 1,183,049 $ 1,150,842 $ 1,148,316 1,111,597 $ 1,082,773 $ 1,266,124 $ 978,241 4,759,440 4,438,735 $ 3,330,621
Consolidated net earnings $ 1,300,853 $ 797,731 $ 650,313 $ 399,693 $ 308,007 $ 332,521 $ 454,938 $ 521,164 3,148,590 1,616,630 1,701,846
Our earnings from unconsolidated co-investment ventures, net                 $ 404,255 $ 297,370 200,178
Unconsolidated Co-Investment Ventures [Member]                      
Schedule Of Equity Method Investments [Line Items]                      
Ventures | Venture 8       9       8 9  
Number of buildings | Property 2,007       1,870       2,007 1,870  
Square feet | ft² 458       420       458 420  
Total assets $ 44,087,000       $ 40,990,000       $ 44,087,000 $ 40,990,000  
Third-party debt 12,015,000       11,816,000       12,015,000 11,816,000  
Total liabilities 15,137,000       14,616,000       15,137,000 14,616,000  
Our investment balance [1] $ 7,825,000       $ 6,686,000       $ 7,825,000 6,686,000  
Our weighted average ownership 0.00%               0.00%    
Total revenues                 $ 3,400,000 3,016,000 2,617,000
Consolidated net earnings                 1,662,000 905,000 579,000
Our earnings from unconsolidated co-investment ventures, net                 $ 366,000 $ 240,000 182,000
Unconsolidated Co-Investment Ventures [Member] | U.S. [Member]                      
Schedule Of Equity Method Investments [Line Items]                      
Ventures | Venture 1       1       1 1  
Number of buildings | Property 732       706       732 706  
Square feet | ft² 122       117       122 117  
Total assets $ 11,619,000       $ 10,840,000       $ 11,619,000 $ 10,840,000  
Third-party debt 3,069,000       3,129,000       3,069,000 3,129,000  
Total liabilities 3,717,000       3,722,000       3,717,000 3,722,000  
Our investment balance [1] $ 2,393,000       $ 1,886,000       2,393,000 1,886,000  
Total revenues                 1,039,000 946,000 738,000
Consolidated net earnings                 312,000 169,000 128,000
Our earnings from unconsolidated co-investment ventures, net                 $ 82,000 $ 46,000 38,000
Unconsolidated Co-Investment Ventures [Member] | Other Americas [Member]                      
Schedule Of Equity Method Investments [Line Items]                      
Ventures | Venture [2] 2       2       2 2  
Number of buildings | Property [2] 254       229       254 229  
Square feet | ft² [2] 56       51       56 51  
Total assets [2] $ 3,349,000       $ 3,023,000       $ 3,349,000 $ 3,023,000  
Third-party debt [2] 1,052,000       854,000       1,052,000 854,000  
Total liabilities [2] 1,116,000       898,000       1,116,000 898,000  
Our investment balance [1],[2] $ 840,000       $ 811,000       840,000 811,000  
Total revenues [2]                 321,000 278,000 266,000
Consolidated net earnings [2]                 120,000 91,000 91,000
Our earnings from unconsolidated co-investment ventures, net [2]                 $ 43,000 $ 34,000 32,000
Unconsolidated Co-Investment Ventures [Member] | Europe [Member]                      
Schedule Of Equity Method Investments [Line Items]                      
Ventures | Venture 2       3       2 3  
Number of buildings | Property 818       768       818 768  
Square feet | ft² 198       185       198 185  
Total assets $ 18,373,000       $ 16,918,000       $ 18,373,000 $ 16,918,000  
Third-party debt 3,737,000       4,002,000       3,737,000 4,002,000  
Total liabilities 5,619,000       5,607,000       5,619,000 5,607,000  
Our investment balance [1] $ 3,712,000       $ 3,152,000       3,712,000 3,152,000  
Total revenues                 1,387,000 1,208,000 1,099,000
Consolidated net earnings                 1,070,000 390,000 311,000
Our earnings from unconsolidated co-investment ventures, net                 $ 214,000 $ 121,000 102,000
Unconsolidated Co-Investment Ventures [Member] | Asia [Member]                      
Schedule Of Equity Method Investments [Line Items]                      
Ventures | Venture 3       3       3 3  
Number of buildings | Property 203       167       203 167  
Square feet | ft² 82       67       82 67  
Total assets $ 10,746,000       $ 10,209,000       $ 10,746,000 $ 10,209,000  
Third-party debt 4,157,000       3,831,000       4,157,000 3,831,000  
Total liabilities 4,685,000       4,389,000       4,685,000 4,389,000  
Our investment balance [1] $ 880,000       $ 837,000       880,000 837,000  
Total revenues                 653,000 584,000 514,000
Consolidated net earnings                 160,000 255,000 49,000
Our earnings from unconsolidated co-investment ventures, net                 $ 27,000 $ 39,000 $ 10,000
Unconsolidated Co-Investment Ventures [Member] | Weighted Average [Member]                      
Schedule Of Equity Method Investments [Line Items]                      
Our weighted average ownership [3] 26.90%       26.10%       26.90% 26.10%  
Unconsolidated Co-Investment Ventures [Member] | Weighted Average [Member] | U.S. [Member]                      
Schedule Of Equity Method Investments [Line Items]                      
Our weighted average ownership [3] 27.00%       25.60%       27.00% 25.60%  
Unconsolidated Co-Investment Ventures [Member] | Weighted Average [Member] | Other Americas [Member]                      
Schedule Of Equity Method Investments [Line Items]                      
Our weighted average ownership [2],[3] 40.80%       40.80%       40.80% 40.80%  
Unconsolidated Co-Investment Ventures [Member] | Weighted Average [Member] | Europe [Member]                      
Schedule Of Equity Method Investments [Line Items]                      
Our weighted average ownership [3] 30.90%       30.00%       30.90% 30.00%  
Unconsolidated Co-Investment Ventures [Member] | Weighted Average [Member] | Asia [Member]                      
Schedule Of Equity Method Investments [Line Items]                      
Our weighted average ownership [3] 15.10%       15.20%       15.10% 15.20%  
[1] Prologis’ investment balance is presented at our adjusted basis. The difference between our ownership interest of a venture’s equity and our investment balance at December 31, 2021 and 2020, results principally from four types of transactions: (i) deferred gains from the contribution of property to a venture prior to January 1, 2018 ($559.7 million and $589.3 million, respectively); (ii) recording additional costs associated with our investment in the venture ($96.6 million and $101.5 million, respectively); (iii) receivables, principally for fees and promotes ($149.5 million and $165.6 million, respectively); and (iv) customer security deposits retained subsequent to property contributions to NPR, as discussed above.
[2]

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

[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.