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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues:      
Rental $ 1,858,889 $ 1,737,839 $ 1,734,844
Rental recoveries 529,902 487,302 485,565
Strategic capital 406,300 373,889 303,562
Development management and other 9,358 19,104 9,164
Total revenues 2,804,449 2,618,134 2,533,135
Expenses:      
Rental 600,648 569,523 568,870
Strategic capital 157,040 155,141 128,506
General and administrative 238,985 231,059 222,067
Depreciation and amortization 947,214 879,140 930,985
Other 13,560 12,205 14,329
Total expenses 1,957,447 1,847,068 1,864,757
Operating income 847,002 771,066 668,378
Other income (expense):      
Earnings from unconsolidated entities, net 298,260 248,567 206,307
Interest expense (229,141) (274,486) (303,146)
Interest and other income, net 14,663 13,731 8,101
Gains on real estate transactions, net 840,996 1,182,965 757,398
Foreign currency and derivative gains (losses), net 117,096 (57,896) 7,582
Gains (losses) on early extinguishment of debt, net (2,586) (68,379) 2,484
Total other income 1,039,288 1,044,502 678,726
Earnings before income taxes 1,886,290 1,815,568 1,347,104
Total income tax expense 63,330 54,609 54,564
Consolidated net earnings 1,822,960 1,760,959 1,292,540
Less net earnings attributable to noncontrolling interests 173,599 108,634 82,608
Net earnings attributable to controlling interests 1,649,361 1,652,325 1,209,932
Less preferred stock/unit dividends/distributions 5,935 6,499 6,714
Loss on preferred stock/unit repurchase 0 3,895 0
Net earnings attributable to common stockholders/unitholders $ 1,643,426 $ 1,641,931 $ 1,203,218
Weighted average common shares/units outstanding - Basic 567,367 530,400 526,103
Weighted average common shares/units outstanding - Diluted 590,239 552,300 546,666
Net earnings per share attributable to common stockholders/unitholders - Basic $ 2.90 $ 3.10 $ 2.29
Net earnings per share attributable to common stockholders/unitholders - Diluted 2.87 3.06 2.27
Dividends or distributions per common share or unit $ 1.92 $ 1.76 $ 1.68
Prologis, L.P. [Member]      
Revenues:      
Rental $ 1,858,889 $ 1,737,839 $ 1,734,844
Rental recoveries 529,902 487,302 485,565
Strategic capital 406,300 373,889 303,562
Development management and other 9,358 19,104 9,164
Total revenues 2,804,449 2,618,134 2,533,135
Expenses:      
Rental 600,648 569,523 568,870
Strategic capital 157,040 155,141 128,506
General and administrative 238,985 231,059 222,067
Depreciation and amortization 947,214 879,140 930,985
Other 13,560 12,205 14,329
Total expenses 1,957,447 1,847,068 1,864,757
Operating income 847,002 771,066 668,378
Other income (expense):      
Earnings from unconsolidated entities, net 298,260 248,567 206,307
Interest expense (229,141) (274,486) (303,146)
Interest and other income, net 14,663 13,731 8,101
Gains on real estate transactions, net 840,996 1,182,965 757,398
Foreign currency and derivative gains (losses), net 117,096 (57,896) 7,582
Gains (losses) on early extinguishment of debt, net (2,586) (68,379) 2,484
Total other income 1,039,288 1,044,502 678,726
Earnings before income taxes 1,886,290 1,815,568 1,347,104
Total income tax expense 63,330 54,609 54,564
Consolidated net earnings 1,822,960 1,760,959 1,292,540
Less net earnings attributable to noncontrolling interests 124,712 63,620 48,307
Net earnings attributable to controlling interests 1,698,248 1,697,339 1,244,233
Less preferred stock/unit dividends/distributions 5,935 6,499 6,714
Loss on preferred stock/unit repurchase 0 3,895 0
Net earnings attributable to common stockholders/unitholders $ 1,692,313 $ 1,686,945 $ 1,237,519
Weighted average common shares/units outstanding - Basic 575,798 536,335 532,326
Weighted average common shares/units outstanding - Diluted 590,239 552,300 546,666
Net earnings per share attributable to common stockholders/unitholders - Basic $ 2.90 $ 3.10 $ 2.29
Net earnings per share attributable to common stockholders/unitholders - Diluted 2.87 3.06 2.27
Dividends or distributions per common share or unit $ 1.92 $ 1.76 $ 1.68