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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
Rental $ 2,831,818 $ 2,388,791 $ 2,225,141
Strategic capital 491,886 406,300 373,889
Development management and other 6,917 9,358 19,104
Total revenues 3,330,621 2,804,449 2,618,134
Expenses:      
Rental 734,266 600,648 569,523
Strategic capital 184,661 157,040 155,141
General and administrative 266,718 238,985 231,059
Depreciation and amortization 1,139,879 947,214 879,140
Other 13,149 13,560 12,205
Total expenses 2,338,673 1,957,447 1,847,068
Operating income before gains on real estate transactions, net 991,948 847,002 771,066
Gains on dispositions of development properties and land, net 467,577 469,817 327,528
Gains on other dispositions of investments in real estate, net 390,241 371,179 855,437
Operating income 1,849,766 1,687,998 1,954,031
Other income (expense):      
Earnings from unconsolidated entities, net 200,178 298,260 248,567
Interest expense (239,953) (229,141) (274,486)
Interest and other income, net 24,213 14,663 13,731
Foreign currency and derivative gains (losses), net (41,715) 117,096 (57,896)
Losses on early extinguishment of debt, net (16,126) (2,586) (68,379)
Total other income (expense) (73,403) 198,292 (138,463)
Earnings before income taxes 1,776,363 1,886,290 1,815,568
Total income tax expense 74,517 63,330 54,609
Consolidated net earnings 1,701,846 1,822,960 1,760,959
Less net earnings attributable to noncontrolling interests 128,887 173,599 108,634
Net earnings attributable to controlling interests 1,572,959 1,649,361 1,652,325
Less preferred stock/unit dividends/distributions 6,009 5,935 6,499
Loss on preferred stock/unit repurchase 0 0 3,895
Net earnings attributable to common stockholders/unitholders $ 1,566,950 $ 1,643,426 $ 1,641,931
Weighted average common shares/units outstanding - Basic 630,580 567,367 530,400
Weighted average common shares/units outstanding - Diluted 654,903 590,239 552,300
Net earnings per share/unit attributable to common stockholders/unitholders - Basic $ 2.48 $ 2.90 $ 3.10
Net earnings per share/unit attributable to common stockholders/unitholders - Diluted $ 2.46 $ 2.87 $ 3.06
Prologis, L.P. [Member]      
Revenues:      
Rental $ 2,831,818 $ 2,388,791 $ 2,225,141
Strategic capital 491,886 406,300 373,889
Development management and other 6,917 9,358 19,104
Total revenues 3,330,621 2,804,449 2,618,134
Expenses:      
Rental 734,266 600,648 569,523
Strategic capital 184,661 157,040 155,141
General and administrative 266,718 238,985 231,059
Depreciation and amortization 1,139,879 947,214 879,140
Other 13,149 13,560 12,205
Total expenses 2,338,673 1,957,447 1,847,068
Operating income before gains on real estate transactions, net 991,948 847,002 771,066
Gains on dispositions of development properties and land, net 467,577 469,817 327,528
Gains on other dispositions of investments in real estate, net 390,241 371,179 855,437
Operating income 1,849,766 1,687,998 1,954,031
Other income (expense):      
Earnings from unconsolidated entities, net 200,178 298,260 248,567
Interest expense (239,953) (229,141) (274,486)
Interest and other income, net 24,213 14,663 13,731
Foreign currency and derivative gains (losses), net (41,715) 117,096 (57,896)
Losses on early extinguishment of debt, net (16,126) (2,586) (68,379)
Total other income (expense) (73,403) 198,292 (138,463)
Earnings before income taxes 1,776,363 1,886,290 1,815,568
Total income tax expense 74,517 63,330 54,609
Consolidated net earnings 1,701,846 1,822,960 1,760,959
Less net earnings attributable to noncontrolling interests 82,222 124,712 63,620
Net earnings attributable to controlling interests 1,619,624 1,698,248 1,697,339
Less preferred stock/unit dividends/distributions 6,009 5,935 6,499
Loss on preferred stock/unit repurchase 0 0 3,895
Net earnings attributable to common stockholders/unitholders $ 1,613,615 $ 1,692,313 $ 1,686,945
Weighted average common shares/units outstanding - Basic 641,128 575,798 536,335
Weighted average common shares/units outstanding - Diluted 654,903 590,239 552,300
Net earnings per share/unit attributable to common stockholders/unitholders - Basic $ 2.48 $ 2.90 $ 3.10
Net earnings per share/unit attributable to common stockholders/unitholders - Diluted $ 2.46 $ 2.87 $ 3.06