XML 103 R67.htm IDEA: XBRL DOCUMENT v3.22.4
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, 2022
USD ($)
ft²
Property
Venture
Sep. 30, 2022
USD ($)
Jun. 30, 2022
USD ($)
Mar. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
ft²
Property
Venture
Sep. 30, 2021
USD ($)
Jun. 30, 2021
USD ($)
Mar. 31, 2021
USD ($)
Dec. 31, 2022
USD ($)
ft²
Property
Venture
Dec. 31, 2021
USD ($)
ft²
Property
Venture
Dec. 31, 2020
USD ($)
Schedule Of Equity Method Investments [Line Items]                      
Total assets $ 87,897,448       $ 58,486,220       $ 87,897,448 $ 58,486,220  
Total liabilities 30,034,355       20,744,010       30,034,355 20,744,010  
Total revenues 1,751,592 $ 1,750,892 $ 1,252,080 $ 1,219,128 1,277,233 $ 1,183,049 $ 1,150,842 $ 1,148,316 5,973,692 4,759,440 $ 4,438,735
Consolidated net earnings $ 620,066 $ 1,069,174 $ 646,436 $ 1,219,722 $ 1,300,853 $ 797,731 $ 650,313 $ 399,693 3,555,398 3,148,590 1,616,630
Our earnings from unconsolidated co-investment ventures, net                 $ 310,872 $ 404,255 297,370
Unconsolidated Co-Investment Ventures [Member]                      
Schedule Of Equity Method Investments [Line Items]                      
Ventures | Venture 8       8       8 8  
Operating properties | Property 2,205       2,007       2,205 2,007  
Square feet | ft² 491       458       491 458  
Total assets $ 48,827,000       $ 44,087,000       $ 48,827,000 $ 44,087,000  
Third-party debt 13,513,000       12,015,000       13,513,000 12,015,000  
Total liabilities 16,725,000       15,137,000       16,725,000 15,137,000  
Our investment balance [1] $ 8,074,000       $ 7,825,000       8,074,000 7,825,000  
Total revenues                 3,618,000 3,400,000 3,016,000
Consolidated net earnings                 1,036,000 1,662,000 905,000
Our earnings from unconsolidated co-investment ventures, net                 $ 295,000 $ 366,000 240,000
UNITED STATES | Unconsolidated Co-Investment Ventures [Member]                      
Schedule Of Equity Method Investments [Line Items]                      
Ventures | Venture 1       1       1 1  
Operating properties | Property 739       732       739 732  
Square feet | ft² 123       122       123 122  
Total assets $ 12,617,000       $ 11,619,000       $ 12,617,000 $ 11,619,000  
Third-party debt 3,468,000       3,069,000       3,468,000 3,069,000  
Total liabilities 4,143,000       3,717,000       4,143,000 3,717,000  
Our investment balance [1] $ 2,398,000       $ 2,393,000       2,398,000 2,393,000  
Total revenues                 1,182,000 1,039,000 946,000
Consolidated net earnings                 292,000 312,000 169,000
Our earnings from unconsolidated co-investment ventures, net                 $ 79,000 $ 82,000 46,000
Europe [Member] | Unconsolidated Co-Investment Ventures [Member]                      
Schedule Of Equity Method Investments [Line Items]                      
Ventures | Venture 2       2 [2]       2 2 [2]  
Operating properties | Property 260       254 [2]       260 254 [2]  
Square feet | ft² 60       56 [2]       60 56 [2]  
Total assets $ 3,744,000       $ 3,349,000 [2]       $ 3,744,000 $ 3,349,000 [2]  
Third-party debt 919,000       1,052,000 [2]       919,000 1,052,000 [2]  
Total liabilities 1,011,000       1,116,000 [2]       1,011,000 1,116,000 [2]  
Our investment balance [1] $ 1,070,000       $ 840,000 [2]       1,070,000 840,000 [2]  
Total revenues                 383,000 321,000 [2] 278,000 [2]
Consolidated net earnings                 137,000 120,000 [2] 91,000 [2]
Our earnings from unconsolidated co-investment ventures, net                 $ 47,000 $ 43,000 [2] 34,000 [2]
Europe [Member] | Unconsolidated Co-Investment Ventures [Member]                      
Schedule Of Equity Method Investments [Line Items]                      
Ventures | Venture 2 [2]       2       2 [2] 2  
Operating properties | Property 989 [2]       818       989 [2] 818  
Square feet | ft² 219 [2]       198       219 [2] 198  
Total assets $ 22,502,000 [2]       $ 18,373,000       $ 22,502,000 [2] $ 18,373,000  
Third-party debt 5,315,000 [2]       3,737,000       5,315,000 [2] 3,737,000  
Total liabilities 7,292,000 [2]       5,619,000       7,292,000 [2] 5,619,000  
Our investment balance [1] $ 3,786,000 [2]       $ 3,712,000       3,786,000 [2] 3,712,000  
Total revenues                 1,424,000 [2] 1,387,000 1,208,000
Consolidated net earnings                 493,000 [2] 1,070,000 390,000
Our earnings from unconsolidated co-investment ventures, net                 $ 150,000 [2] $ 214,000 121,000
Europe [Member] | Unconsolidated Co-Investment Ventures [Member]                      
Schedule Of Equity Method Investments [Line Items]                      
Ventures | Venture 3       3       3 3  
Operating properties | Property 217       203       217 203  
Square feet | ft² 89       82       89 82  
Total assets $ 9,964,000       $ 10,746,000       $ 9,964,000 $ 10,746,000  
Third-party debt 3,811,000       4,157,000       3,811,000 4,157,000  
Total liabilities 4,279,000       4,685,000       4,279,000 4,685,000  
Our investment balance [1] $ 820,000       $ 880,000       820,000 880,000  
Total revenues                 629,000 653,000 584,000
Consolidated net earnings                 114,000 160,000 255,000
Our earnings from unconsolidated co-investment ventures, net                 $ 19,000 $ 27,000 $ 39,000
Weighted Average [Member] | Unconsolidated Co-Investment Ventures [Member]                      
Schedule Of Equity Method Investments [Line Items]                      
Our weighted average ownership [3] 27.40%       26.90%       27.40% 26.90%  
Weighted Average [Member] | UNITED STATES | Unconsolidated Co-Investment Ventures [Member]                      
Schedule Of Equity Method Investments [Line Items]                      
Our weighted average ownership [3] 26.20%       27.00%       26.20% 27.00%  
Weighted Average [Member] | Europe [Member] | Unconsolidated Co-Investment Ventures [Member]                      
Schedule Of Equity Method Investments [Line Items]                      
Our weighted average ownership [3] 41.00%       40.80% [2]       41.00% 40.80% [2]  
Weighted Average [Member] | Europe [Member] | Unconsolidated Co-Investment Ventures [Member]                      
Schedule Of Equity Method Investments [Line Items]                      
Our weighted average ownership [3] 31.00% [2]       30.90%       31.00% [2] 30.90%  
Weighted Average [Member] | Europe [Member] | Unconsolidated Co-Investment Ventures [Member]                      
Schedule Of Equity Method Investments [Line Items]                      
Our weighted average ownership [3] 15.20%       15.10%       15.20% 15.10%  
[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, 2022 and 2021, results principally from four types of transactions: (i) deferred gains from the contribution of property to a venture prior to January 1, 2018 ($546.9 million and $559.7 million, respectively); (ii) recording additional costs associated with our investment in the venture ($90.4 million and $96.6 million, respectively); (iii) receivables, principally for fees and promotes ($193.7 million and $149.5 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.