Unconsolidated Entities (Tables)

6 Months Ended

Jun. 30, 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):

	June 30,		December 31,
	2022		2021
Unconsolidated co-investment ventures	$	7,669,680	$	7,825,455
Other ventures		773,964		785,503
Total	$	8,443,644	$	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:	Jun 30, 2022			Dec 31, 2021			Jun 30, 2022			Dec 31, 2021			Jun 30, 2022			Dec 31, 2021			Jun 30, 2022			Dec 31, 2021			Jun 30, 2022			Dec 31, 2021
Key property information:
Ventures		1			1			2			2			2			2			3			3			8			8
Operating properties		732			732			260			254			843			818			205			203			2,040			2,007
Square feet		123			122			58			56			205			198			82			82			468			458

Financial position:
Total assets ($)		11,614			11,619			3,548			3,349			18,281			18,373			9,513			10,746			42,956			44,087
Third-party debt ($)		3,069			3,069			1,151			1,052			3,990			3,737			3,685			4,157			11,895			12,015
Total liabilities ($)		3,724			3,717			1,261			1,116			5,935			5,619			4,115			4,685			15,035			15,137

Our investment balance ($) ⁽²⁾		2,390			2,393			865			840			3,665			3,712			750			880			7,670			7,825
Our weighted average ownership ⁽³⁾		26.9	%		27.0	%		40.4	%		40.8	%		31.0	%		30.9	%		15.1	%		15.1	%		27.2	%		26.9	%

	U.S.						Other Americas ⁽¹⁾						Europe						Asia						Total
Operating Information:	Jun 30, 2022			Jun 30, 2021			Jun 30, 2022			Jun 30, 2021			Jun 30, 2022			Jun 30, 2021			Jun 30, 2022			Jun 30, 2021			Jun 30, 2022			Jun 30, 2021
For the three months ended:
Total revenues ($)		291			257			96			78			354			343			157			160			898			838
Net earnings ($)		68			54			31			28			127			82			32			36			258			200

Our earnings from unconsolidated co-investment ventures, net ($)		19			15			10			10			39			26			5			6			73			57

For the six months ended:
Total revenues ($)		577			511			185			153			710			681			326			319			1,798			1,664
Net earnings ($)		140			103			64			58			231			169			66			71			501			401

Our earnings from unconsolidated co-investment ventures, net ($)		38			28			22			22			70			54			11			12			141			116

(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 June 30, 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 ($193.2 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 June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Recurring fees	$	115,806	$	96,845	$	229,043	$	187,882
Transactional fees		17,519		18,199		34,748		39,077
Promote revenue		19,514		10,636		19,514		12,251
Total strategic capital revenues from unconsolidated co-investment ventures ⁽¹⁾	$	152,839	$	125,680	$	283,305	$	239,210

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