Earnings Per Common Share or Unit (Tables)

3 Months Ended

Mar. 31, 2018

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share Unit

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

	Three Months Ended
	March 31,
Prologis, Inc.	2018		2017
Net earnings attributable to common stockholders – Basic	$	365,902	$	203,255
Net earnings attributable to exchangeable limited partnership units (1)		10,693		5,967
Adjusted net earnings attributable to common stockholders – Diluted	$	376,595	$	209,222
Weighted average common shares outstanding – Basic		532,185		528,721
Incremental weighted average effect on exchange of limited partnership units (1)		16,270		16,455
Incremental weighted average effect of equity awards		5,668		4,834
Weighted average common shares outstanding – Diluted (2)		554,123		550,010
Net earnings per share attributable to common stockholders:
Basic	$	0.69	$	0.38
Diluted	$	0.68	$	0.38

	Three Months Ended
	March 31,
Prologis, L.P.	2018			2017
Net earnings attributable to common unitholders	$	376,425		$	208,878
Net earnings attributable to Class A convertible common unitholders		(5,853	)		(3,331	)
Net earnings attributable to common unitholders – Basic		370,572			205,547
Net earnings attributable to Class A convertible common unitholders		5,853			3,331
Net earnings attributable to exchangeable limited partnership units		170			344
Adjusted net earnings attributable to common unitholders – Diluted	$	376,595		$	209,222
Weighted average common partnership units outstanding – Basic		538,977			534,685
Incremental weighted average effect on exchange of Class A units		8,512			8,664
Incremental weighted average effect on exchange of limited partnership units		966			1,827
Incremental weighted average effect of equity awards of Prologis, Inc.		5,668			4,834
Weighted average common units outstanding – Diluted (2)		554,123			550,010
Net earnings per unit attributable to common unitholders:
Basic	$	0.69		$	0.38
Diluted	$	0.68		$	0.38

(1) Earnings allocated to the exchangeable OP units not held by the Parent have been included in the numerator and exchangeable common 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 weighted average potentially dilutive shares and units outstanding consisted of the following:  

	Three Months Ended
	March 31,
	2018		2017
Total limited partnership units		9,478		10,491
Total stock awards		8,380		8,278
Prologis, L.P.		17,858		18,769
Limited partners in Prologis, L.P.		6,792		5,964
Prologis, Inc.		24,650		24,733