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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues:      
Rental $ 1,734,844 $ 1,536,117 $ 1,178,609
Rental recoveries 485,565 437,070 348,740
Strategic capital 294,552 210,362 219,871
Development management and other 18,174 13,525 13,567
Total revenues 2,533,135 2,197,074 1,760,787
Expenses:      
Rental 568,870 544,182 430,289
Strategic capital 128,506 108,422 115,430
General and administrative 222,067 217,227 229,332
Depreciation and amortization 930,985 880,373 642,461
Other 14,329 66,698 23,467
Total expenses 1,864,757 1,816,902 1,440,979
Operating income 668,378 380,172 319,808
Other income (expense):      
Earnings from unconsolidated entities, net 206,307 159,262 134,288
Interest expense (303,146) (301,363) (308,885)
Interest and other income, net 8,101 25,484 25,768
Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net 757,398 758,887 725,790
Foreign currency and derivative gains (losses), net 7,582 12,466 (17,841)
Gains (losses) on early extinguishment of debt, net 2,484 (86,303) (165,300)
Total other income 678,726 568,433 393,820
Earnings before income taxes 1,347,104 948,605 713,628
Total income tax expense (benefit) 54,564 23,090 (25,656)
Consolidated net earnings 1,292,540 925,515 739,284
Less net earnings attributable to noncontrolling interests 82,608 56,076 103,101
Net earnings attributable to controlling interests 1,209,932 869,439 636,183
Less preferred stock/unit dividends/distributions 6,714 6,651 7,431
Loss on preferred stock/unit repurchase 0 0 6,517
Net earnings attributable to common stockholders/unitholders $ 1,203,218 $ 862,788 $ 622,235
Weighted average common shares/units outstanding – Basic 526,103 521,241 499,583
Weighted average common shares/units outstanding – Diluted 546,666 533,944 506,391
Net earnings per share attributable to common stockholders/unitholders – Basic $ 2.29 $ 1.66 $ 1.25
Net earnings per share attributable to common stockholders/unitholders – Diluted 2.27 1.64 1.24
Dividends per common share or unit $ 1.68 $ 1.52 $ 1.32
Prologis, L.P. [Member]      
Revenues:      
Rental $ 1,734,844 $ 1,536,117 $ 1,178,609
Rental recoveries 485,565 437,070 348,740
Strategic capital 294,552 210,362 219,871
Development management and other 18,174 13,525 13,567
Total revenues 2,533,135 2,197,074 1,760,787
Expenses:      
Rental 568,870 544,182 430,289
Strategic capital 128,506 108,422 115,430
General and administrative 222,067 217,227 229,332
Depreciation and amortization 930,985 880,373 642,461
Other 14,329 66,698 23,467
Total expenses 1,864,757 1,816,902 1,440,979
Operating income 668,378 380,172 319,808
Other income (expense):      
Earnings from unconsolidated entities, net 206,307 159,262 134,288
Interest expense (303,146) (301,363) (308,885)
Interest and other income, net 8,101 25,484 25,768
Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net 757,398 758,887 725,790
Foreign currency and derivative gains (losses), net 7,582 12,466 (17,841)
Gains (losses) on early extinguishment of debt, net 2,484 (86,303) (165,300)
Total other income 678,726 568,433 393,820
Earnings before income taxes 1,347,104 948,605 713,628
Total income tax expense (benefit) 54,564 23,090 (25,656)
Consolidated net earnings 1,292,540 925,515 739,284
Less net earnings attributable to noncontrolling interests 48,307 44,950 100,900
Net earnings attributable to controlling interests 1,244,233 880,565 638,384
Less preferred stock/unit dividends/distributions 6,714 6,651 7,431
Loss on preferred stock/unit repurchase 0 0 6,517
Net earnings attributable to common stockholders/unitholders $ 1,237,519 $ 873,914 $ 624,436
Weighted average common shares/units outstanding – Basic 532,326 525,912 501,349
Weighted average common shares/units outstanding – Diluted 546,666 533,944 506,391
Net earnings per share attributable to common stockholders/unitholders – Basic $ 2.29 $ 1.66 $ 1.25
Net earnings per share attributable to common stockholders/unitholders – Diluted 2.27 1.64 1.24
Dividends per common share or unit $ 1.68 $ 1.52 $ 1.32