Unconsolidated Entities (Tables)

3 Months Ended

Mar. 31, 2022

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,
	2022		2021
Unconsolidated co-investment ventures	$	7,921,281	$	7,825,455
Other ventures		757,730		785,503
Total	$	8,679,011	$	8,610,958

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 on a U.S. GAAP basis (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
At:	Mar 31, 2022			Dec 31, 2021			Mar 31, 2022			Dec 31, 2021			Mar 31, 2022			Dec 31, 2021			Mar 31, 2022			Dec 31, 2021			Mar 31, 2022			Dec 31, 2021
Key property information:
Ventures		1			1			2			2			2			2			3			3			8			8
Operating properties		731			732			259			254			827			818			203			203			2,020			2,007
Square feet		122			122			58			56			200			198			82			82			462			458

Financial position:
Total assets ($)		11,614			11,619			3,593			3,349			18,527			18,373			10,317			10,746			44,051			44,087
Third-party debt ($)		3,069			3,069			1,136			1,052			3,725			3,737			4,053			4,157			11,983			12,015
Total liabilities ($)		3,729			3,717			1,196			1,116			5,718			5,619			4,540			4,685			15,183			15,137

Our investment balance ($) ⁽²⁾		2,403			2,393			859			840			3,843			3,712			816			880			7,921			7,825
Our weighted average ownership ⁽³⁾		26.9	%		27.0	%		40.0	%		40.8	%		31.3	%		30.9	%		15.1	%		15.1	%		27.2	%		26.9	%

	U.S.						Other Americas ⁽¹⁾						Europe						Asia						Total
Operating Information:	Mar 31, 2022			Mar 31, 2021			Mar 31, 2022			Mar 31, 2021			Mar 31, 2022			Mar 31, 2021			Mar 31, 2022			Mar 31, 2021			Mar 31, 2022			Mar 31, 2021
For the three months ended:
Total revenues ($)		286			254			89			75			356			338			169			159			900			826
Net earnings ($)		72			49			33			30			104			87			34			35			243			201

Our earnings from unconsolidated co-investment ventures, net ($)		19			13			12			12			31			28			6			6			68			59

(1)	Prologis Brazil Logistics Venture (“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. The difference between our ownership interest of a venture’s equity and our investment balance at March 31, 2022 and December 31, 2021, results 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 ($157.8 million and $149.5 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,
	2022		2021
Recurring fees	$	113,237	$	91,037
Transactional fees		17,229		20,878
Promote revenue		-		1,615
Total strategic capital revenues from unconsolidated co-investment ventures ⁽¹⁾	$	130,466	$	113,530

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