Noncontrolling Interests (Tables)

6 Months Ended

Jun. 30, 2024

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
	Jun 30, 2024			Dec 31, 2023			Jun 30, 2024		Dec 31, 2023		Jun 30, 2024		Dec 31, 2023		Jun 30, 2024		Dec 31, 2023
Prologis U.S. Logistics Venture		55.0	%		55.0	%	$	3,107,288	$	3,147,790	$	7,033,979	$	7,142,889	$	138,989	$	156,303
Other consolidated entities (1)	various			various				169,673		176,485		2,609,551		2,369,959		372,860		333,114
Prologis, L.P.								3,276,961		3,324,275		9,643,530		9,512,848		511,849		489,417
Limited partners in Prologis, L.P. (2)(3)								1,301,300		1,317,721		-		-		-		-
Prologis, Inc.							$	4,578,261	$	4,641,996	$	9,643,530	$	9,512,848	$	511,849	$	489,417

(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 June 30, 2024 and December 31, 2023 were exchangeable into cash or, at our option, 0.3 million shares of the Parent’s common stock.

(2)

We had 7.7 million and 8.6 million Class A Units at June 30, 2024 and December 31, 2023, respectively, that were convertible into 7.3 million and 8.2 million limited partnership units of the OP at the end of each period.

(3)

There were limited partnership units in the OP, excluding the Class A Units, that were exchangeable into cash or, at our option, 9.1 million shares of the Parent’s common stock, at June 30, 2024 and December 31, 2023. Also included are the vested OP Long-Term Incentive Plan Units (“LTIP Units”) associated with our long-term compensation plans of 6.2 million and 5.7 million shares of the Parent’s common stock at June 30, 2024 and December 31, 2023, respectively. See further discussion of LTIP Units in Note 7.