Noncontrolling Interests (Tables)

9 Months Ended

Sep. 30, 2022

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
	Sep 30, 2022			Dec 31, 2021			Sep 30, 2022		Dec 31, 2021		Sep 30, 2022		Dec 31, 2021		Sep 30, 2022		Dec 31, 2021
Prologis U.S. Logistics Venture		55.0	%		55.0	%	$	3,194,303	$	3,264,337	$	7,253,012	$	7,397,195	$	161,778	$	147,545
Other consolidated entities⁽¹⁾	various			various				129,238		133,201		1,626,849		1,453,236		231,979		162,598
Prologis, L.P.								3,323,541		3,397,538		8,879,861		8,850,431		393,757		310,143
Limited partners in Prologis, L.P. ⁽²⁾⁽³⁾								989,680		917,799		-		-		-		-
Prologis, Inc.							$	4,313,221	$	4,315,337	$	8,879,861	$	8,850,431	$	393,757	$	310,143

(1)

Includes 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 September 30, 2022 and December 31, 2021 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 8.1 million and 8.0 million limited partnership units of the OP at September 30, 2022 and December 31, 2021, respectively.

(3)

There were limited partnership units in the OP, excluding the Class A Units, that were exchangeable into cash or, at our option, 8.2 million and 8.4 million shares of the Parent’s common stock, at September 30, 2022 and December 31, 2021, respectively. Also included are the vested OP Long-Term Incentive Plan Units (“LTIP Units”) associated with our long-term compensation plans of 4.5 million and 4.0 million shares of the Parent’s common stock at September 30, 2022 and December 31, 2021, respectively. See further discussion of LTIP Units in Note 7.