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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Rental $ 1,737,839 $ 1,734,844 $ 1,536,117
Rental recoveries 487,302 485,565 437,070
Strategic capital 373,889 303,562 217,829
Development management and other 19,104 9,164 6,058
Total revenues 2,618,134 2,533,135 2,197,074
Expenses:      
Rental 569,523 568,870 544,182
Strategic capital 155,141 128,506 108,422
General and administrative 231,059 222,067 217,227
Depreciation and amortization 879,140 930,985 880,373
Other 12,205 14,329 66,698
Total expenses 1,847,068 1,864,757 1,816,902
Operating income 771,066 668,378 380,172
Other income (expense):      
Earnings from unconsolidated entities, net 248,567 206,307 159,262
Interest expense (274,486) (303,146) (301,363)
Interest and other income, net 13,731 8,101 25,484
Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net 1,182,965 757,398 758,887
Foreign currency and derivative gains (losses), net (57,896) 7,582 12,466
Gains (losses) on early extinguishment of debt, net (68,379) 2,484 (86,303)
Total other income 1,044,502 678,726 568,433
Earnings before income taxes 1,815,568 1,347,104 948,605
Total income tax expense 54,609 54,564 23,090
Consolidated net earnings 1,760,959 1,292,540 925,515
Less net earnings attributable to noncontrolling interests 108,634 82,608 56,076
Net earnings attributable to controlling interests 1,652,325 1,209,932 869,439
Less preferred stock/unit dividends/distributions 6,499 6,714 6,651
Loss on preferred stock/unit repurchase 3,895 0 0
Net earnings attributable to common stockholders/unitholders $ 1,641,931 $ 1,203,218 $ 862,788
Weighted average common shares/units outstanding – Basic 530,400 526,103 521,241
Weighted average common shares/units outstanding - Diluted 552,300 546,666 533,944
Net earnings per share attributable to common stockholders/unitholders - Basic $ 3.10 $ 2.29 $ 1.66
Net earnings per share attributable to common stockholders/unitholders - Diluted 3.06 2.27 1.64
Dividends/distributions per common share/unit $ 1.76 $ 1.68 $ 1.52
Prologis, L.P. [Member]      
Revenues:      
Rental $ 1,737,839 $ 1,734,844 $ 1,536,117
Rental recoveries 487,302 485,565 437,070
Strategic capital 373,889 303,562 217,829
Development management and other 19,104 9,164 6,058
Total revenues 2,618,134 2,533,135 2,197,074
Expenses:      
Rental 569,523 568,870 544,182
Strategic capital 155,141 128,506 108,422
General and administrative 231,059 222,067 217,227
Depreciation and amortization 879,140 930,985 880,373
Other 12,205 14,329 66,698
Total expenses 1,847,068 1,864,757 1,816,902
Operating income 771,066 668,378 380,172
Other income (expense):      
Earnings from unconsolidated entities, net 248,567 206,307 159,262
Interest expense (274,486) (303,146) (301,363)
Interest and other income, net 13,731 8,101 25,484
Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net 1,182,965 757,398 758,887
Foreign currency and derivative gains (losses), net (57,896) 7,582 12,466
Gains (losses) on early extinguishment of debt, net (68,379) 2,484 (86,303)
Total other income 1,044,502 678,726 568,433
Earnings before income taxes 1,815,568 1,347,104 948,605
Total income tax expense 54,609 54,564 23,090
Consolidated net earnings 1,760,959 1,292,540 925,515
Less net earnings attributable to noncontrolling interests 63,620 48,307 44,950
Net earnings attributable to controlling interests 1,697,339 1,244,233 880,565
Less preferred stock/unit dividends/distributions 6,499 6,714 6,651
Loss on preferred stock/unit repurchase 3,895 0 0
Net earnings attributable to common stockholders/unitholders $ 1,686,945 $ 1,237,519 $ 873,914
Weighted average common shares/units outstanding – Basic 536,335 532,326 525,912
Weighted average common shares/units outstanding - Diluted 552,300 546,666 533,944
Net earnings per share attributable to common stockholders/unitholders - Basic $ 3.10 $ 2.29 $ 1.66
Net earnings per share attributable to common stockholders/unitholders - Diluted 3.06 2.27 1.64
Dividends/distributions per common share/unit $ 1.76 $ 1.68 $ 1.52