The following table computes our basic and diluted earnings per share and unit for the years ended December 31 (in thousands, except per share and unit amounts):

Prologis, Inc.	2015			2014		2013
Net earnings attributable to common stockholders – Basic	$	862,788		$	622,235	$	315,422
Net earnings attributable to exchangeable limited partnership units (1)		13,120			3,636		1,305
Gains, net of expenses, associated with exchangeable debt assumed exchanged (2)		(1,614	)		-		-
Adjusted net earnings attributable to common stockholders – Diluted	$	874,294		$	625,871	$	316,727

Weighted average common shares outstanding – Basic (3)		521,241			499,583		486,076
Incremental weighted average effect on exchange of limited partnership units (1)		8,569			3,501		2,060
Incremental weighted average effect of equity awards and warrant		1,961			3,307		3,410
Incremental weighted average effect on exchangeable debt assumed exchanged (2)		2,173			-		-
Weighted average common shares outstanding – Diluted (4)	$	533,944		$	506,391	$	491,546

Net earnings per share attributable to common stockholders:
Basic	$	1.66		$	1.25	$	0.65
Diluted	$	1.64		$	1.24	$	0.64

Prologis, L.P.	2015			2014		2013
Net earnings attributable to common and Class A unitholders	$	873,914		$	624,436	$	316,630
Net earnings attributable to Class A convertible common unitholders		(3,393	)		-		-
Net earnings attributable to common unitholders – Basic	$	870,521		$	624,436	$	316,630
Net earnings attributable to Class A convertible common unitholders		3,393			-		-
Net earnings attributable to exchangeable limited partnership units		1,994			1,435		97
Gain, net of expenses, associated with exchangeable debt assumed exchanged (2)		(1,614	)		-		-
Adjusted net earnings attributable to common unitholders – Diluted	$	874,294		$	625,871	$	316,727

Weighted average common partnership units outstanding – Basic (3)		525,912			501,349		487,936
Incremental weighted average effect on exchange of Class A convertible units		2,050			-		-
Incremental weighted average effect on exchange of limited partnership units		1,848			1,735		200
Incremental weighted average effect of equity awards and warrant of Prologis, Inc.		1,961			3,307		3,410
Incremental weighted average effect on exchangeable debt assumed exchanged (2)		2,173			-		-
Weighted average common partnership units outstanding – Diluted (4)		533,944			506,391		491,546

Net earnings per unit attributable to common unitholders:
Basic	$	1.66		$	1.25	$	0.65
Diluted	$	1.64		$	1.24	$	0.64

(1)

Earnings allocated to the exchangeable Operating Partnership units not held by the Parent have been included in the numerator and exchangeable Operating Partnership units have been included in the denominator for the purpose of computing diluted earnings per share for all periods as the per share and unit amount is the same. The incremental weighted average exchangeable Operating Partnership units were 4,671, 1,766 and 1,860 for the years ended December 31, 2015, 2014 and 2013, respectively.

(2)	In March 2015, the exchangeable debt was settled primarily through the issuance of common stock. The adjustment in 2015 assumes the exchange occurred on January 1, 2015.

(3)	The increase in shares and units between the periods is primarily due to the warrant NBIM exercised in December 2014, the ATM program activity in late 2014 and early 2015 and the conversion of exchangeable debt to shares and units in March 2015.

(4)	Our total potentially dilutive shares and units outstanding consisted of the following:

	2015		2014		2013
Total weighted average potentially dilutive limited partnership units		3,898		1,932		1,558
Total potentially dilutive stock awards and warrant		7,299		14,366		13,998
Total weighted average potentially dilutive shares and units from exchangeable debt		2,173		11,879		11,879