Unconsolidated Entities (Tables)

9 Months Ended

Sep. 30, 2019

Schedule Of Equity Method Investments [Line Items]

Summary of Investments in and Advances to our Unconsolidated Entities

The following table summarizes our investments in and advances to our unconsolidated entities (in thousands):

	September 30,		December 31,
	2019		2018
Unconsolidated co-investment ventures	$	5,528,873	$	5,407,838
Other ventures		357,947		337,456
Total	$	5,886,820	$	5,745,294

Summary of Strategic Capital Revenues Recognized in Consolidated Statements of Income Related to Co-Investment Ventures

The following table summarizes the Strategic Capital Revenues we recognized in the Consolidated Statements of Income related to our unconsolidated co-investment ventures (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Recurring fees	$	67,888	$	58,946	$	195,542	$	171,508
Transactional fees		14,094		11,798		41,272		39,250
Promote revenue ⁽¹⁾		148,191		-		155,474		68,218
Total strategic capital revenues from unconsolidated co-investment ventures ⁽²⁾	$	230,173	$	70,744	$	392,288	$	278,976

(1)	Includes promote revenue earned from an unconsolidated co-investment venture in Europe in September 2019 and China in March 2018, respectively.

(2)	These amounts exclude strategic capital revenues from other ventures.

Unconsolidated Co-Investment Ventures [Member]

Schedule Of Equity Method Investments [Line Items]

Summary of Investments in and Advances to our Unconsolidated Entities

The following table summarizes the key property information, financial position and operating information of our unconsolidated co-investment ventures (not our proportionate share) and the amounts we recognized in the Consolidated Financial Statements related to our unconsolidated co-investment ventures (dollars and square feet in millions):

	U.S.						Other Americas						Europe						Asia						Total
As of:	Sep 30, 2019			Dec 31, 2018			Sep 30, 2019⁽¹⁾			Dec 31, 2018			Sep 30, 2019			Dec 31, 2018			Sep 30, 2019			Dec 31, 2018			Sep 30, 2019			Dec 31, 2018
Key property information:
Ventures		1			1			2			2			3			3			2			2			8			8
Operating properties		595			566			213			209			715			669			141			125			1,664			1,569
Square feet		95			91			44			39			174			159			58			51			371			340

Financial position:
Total assets ($)		7,670			7,303			2,685			2,137			14,010			13,028			7,921			7,089			32,286			29,557
Third-party debt ($)		2,132			2,094			769			838			2,980			2,548			3,170			2,668			9,051			8,148
Total liabilities ($)		2,481			2,350			823			862			4,231			3,615			3,545			3,006			11,080			9,833

Our investment balance ($) ⁽²⁾		1,424			1,457			656			554			2,777			2,784			672			613			5,529			5,408
Our weighted average ownership ⁽³⁾		26.3	%		27.4	%		39.1	%		44.4	%		30.0	%		33.2	%		15.1	%		15.1	%		26.3	%		28.3	%

	U.S.						Other Americas						Europe						Asia						Total
Operating Information:	Sep 30, 2019			Sep 30, 2018			Sep 30, 2019⁽¹⁾			Sep 30, 2018			Sep 30, 2019			Sep 30, 2018			Sep 30, 2019			Sep 30, 2018			Sep 30, 2019			Sep 30, 2018
For the three months ended:
Total revenues ($)		187			168			66			54			276			272			134			117			663			611
Net earnings ($)		38			28			18			18			70			97			27			21			153			164

Our earnings from unconsolidated co-investment ventures, net ($)		11			8			6			7			22			37			4			4			43			56

For the nine months ended:
Total revenues ($)		546			504			200			162			815			832			378			339			1,939			1,837
Net earnings ($)		90			65			73			51			225			300			89			69			477			485

Our earnings from unconsolidated co-investment ventures, net ($)		27			20			27			21			74			111			14			13			142			165

(1)	PBLV and our other Brazilian joint ventures are combined as one venture for the purpose of this table.

(2)

Prologis’ investment balance is presented at our adjusted basis derived from the ventures’ U.S. GAAP information. The difference between our ownership interest of a venture’s equity and our investment balance at September 30, 2019 and December 31, 2018, results principally from four types of transactions: (i) deferred gains from the contribution of property to a venture prior to January 1, 2018; (ii) recording additional costs associated with our investment in the venture; (iii) receivables, principally for fees and promotes ($258.0 million and $166.7 million, respectively); and (iv) customer security deposits retained subsequent to property contributions to Nippon Prologis REIT, Inc. ($134.4 million and $122.0 million, respectively).

(3)	Represents our weighted average ownership interest based on each entity’s contribution of total assets, before depreciation, net of other liabilities.