The computation of our basic and diluted earnings per share and unit (in thousands, except per share and unit amounts) is as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
Prologis, Inc.	2017		2016		2017		2016
Net earnings attributable to common stockholders – Basic	$	266,943	$	275,383	$	470,198	$	483,424
Net earnings attributable to redeemable limited partnership unitholders (1)		7,798		9,085		13,765		15,694
Adjusted net earnings attributable to common stockholders – Diluted	$	274,741	$	284,468	$	483,963	$	499,118

Weighted average common shares outstanding – Basic		530,040		524,842		529,400		524,540
Incremental weighted average effect on redemption of limited partnership units (1)		16,364		17,703		16,409		17,623
Incremental weighted average effect of equity awards		5,710		2,843		4,703		2,130
Weighted average common shares outstanding – Diluted (2)		552,114		545,388		550,512		544,293

Net earnings per share attributable to common stockholders:
Basic	$	0.50	$	0.52	$	0.89	$	0.92
Diluted	$	0.50	$	0.52	$	0.88	$	0.92

	Three Months Ended						Six Months Ended
	June 30,						June 30,
Prologis, L.P.	2017			2016			2017			2016
Net earnings attributable to common unitholders	$	274,320		$	283,699		$	483,198		$	497,974
Net earnings attributable to Class A common unitholders		(4,347	)		(4,619	)		(7,678	)		(8,129	)
Net earnings attributable to common unitholders – Basic	$	269,973		$	279,080		$	475,520		$	489,845
Net earnings attributable to Class A common unitholders		4,347			4,619			7,678			8,129
Net earnings attributable to limited partnership unitholders		421			768			765			1,143
Adjusted net earnings attributable to common unitholders – Diluted	$	274,741		$	284,467		$	483,963		$	499,117

Weighted average common partnership units outstanding – Basic		536,060			531,912			535,392			531,507
Incremental weighted average effect on conversion of Class A Units		8,626			8,798			8,645			8,821
Incremental weighted average effect on redemption of limited partnership units into common stock of Prologis, Inc.		1,718			1,835			1,772			1,835
Incremental weighted average effect of equity awards of Prologis, Inc.		5,710			2,843			4,703			2,130
Weighted average common partnership units outstanding – Diluted (2)		552,114			545,388			550,512			544,293

Net earnings per unit attributable to common unitholders:
Basic	$	0.50		$	0.52		$	0.89		$	0.92
Diluted	$	0.50		$	0.52		$	0.88		$	0.92

(1)

Earnings allocated to the redeemable Operating Partnership units not held by the Parent has been included in the numerator and redeemable 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.

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

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2017		2016		2017		2016
Total weighted average potentially dilutive limited partnership units		10,344		10,633		10,417		10,656
Total potentially dilutive stock awards		9,355		7,176		8,583		6,854
Total Prologis, L.P.		19,699		17,809		19,000		17,510
Limited partners in Prologis, L.P.		6,020		7,070		5,992		6,967
Total Prologis, Inc.		25,719		24,879		24,992		24,477