Business Combinations (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Unaudited Pro Forma Financial Information

The following unaudited pro forma financial information presents our results as though the KTR acquisition had been completed on January 1, 2014. The pro forma information does not reflect the actual results of operations had the transaction actually been completed on January 1, 2014, and it is not indicative of future operating results. The results for the year ended December 31, 2015, include approximately seven months of actual results for the acquisition, the acquisition expenses, and five months of pro forma adjustments. Our results of operations in 2015 include rental revenue and rental expenses of the properties acquired of $235.7 million and $56.9 million, respectively, representing the period from acquisition through December 31, 2015.

The following amounts are in thousands, except per share amounts:

	2015		2014
Total revenues	$	2,358,643	$	2,064,724
Net earnings attributable to common stockholders	$	866,753	$	537,861
Net earnings per share attributable to common stockholders – Basic	$	1.66	$	1.08
Net earnings per share attributable to common stockholders – Diluted	$	1.65	$	1.07

KTR Capital Partners and Affiliates [Member]

Business Acquisition [Line Items]

Allocation of Purchase Price

The allocation of the purchase price was as follows (in thousands):

Investments in real estate properties	$	5,440,923
Intangible assets, net of intangible liabilities		332,708
Accounts receivable and other assets		7,632
Debt, including premium		(735,172	)
Accounts payable, accrued expenses and other liabilities		(55,422	)
Total estimated purchase price		4,990,669
Our venture partner’s share of purchase price		(2,253,234	)
Common limited partnership units issued in the Operating Partnership		(181,170	)
Prologis share of cash purchase price	$	2,556,265

Prologis North American Industrial Fund [Member]

Business Acquisition [Line Items]

Allocation of Purchase Price

The allocation of the purchase price was as follows (in thousands):

Investments in real estate properties	$	2,658,252
Intangible assets, net of intangible liabilities		138,185
Cash		87,780
Accounts receivable and other assets		5,664
Debt, including premium		(1,195,213	)
Accounts payable, accrued expenses and other liabilities		(57,655	)
Noncontrolling interests		(554,493	)
Total purchase price	$	1,082,520