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Unconsolidated Entities - Summary of Operating Information and Financial Position of Unconsolidated Co-investment Ventures (Detail)
$ in Thousands, ft² in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2020
USD ($)
ft²
Property
Venture
Sep. 30, 2020
USD ($)
Jun. 30, 2020
USD ($)
Mar. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
ft²
Property
Venture
Sep. 30, 2019
USD ($)
Jun. 30, 2019
USD ($)
Mar. 31, 2019
USD ($)
Dec. 31, 2020
USD ($)
ft²
Property
Venture
Dec. 31, 2019
USD ($)
ft²
Property
Venture
Dec. 31, 2018
USD ($)
Schedule Of Equity Method Investments [Line Items]                      
Total assets $ 56,065,005       $ 40,031,850       $ 56,065,005 $ 40,031,850  
Total liabilities 19,740,425       13,960,066       19,740,425 13,960,066  
Total revenues 1,111,597 $ 1,082,773 $ 1,266,124 $ 978,241 826,016 $ 942,181 $ 790,372 $ 772,052 4,438,735 3,330,621 $ 2,804,449
Consolidated net earnings $ 308,007 $ 332,521 $ 454,938 $ 521,164 $ 426,242 $ 491,013 $ 410,826 $ 373,765 1,616,630 1,701,846 1,822,960
Our earnings from unconsolidated co-investment ventures, net                 $ 297,370 $ 200,178 298,260
Unconsolidated Co-Investment Ventures [Member]                      
Schedule Of Equity Method Investments [Line Items]                      
Ventures | Venture 9       9       9 9  
Number of buildings | Property 1,870       1,694       1,870 1,694  
Square feet | ft² 420       378       420 378  
Third-party debt $ 11,816,000       $ 9,408,000       $ 11,816,000 $ 9,408,000  
Our investment balance [1] 6,686,000       5,874,000       6,686,000 5,874,000  
Our earnings from unconsolidated co-investment ventures, net                 240,000 182,000 279,000
Unconsolidated Co-Investment Ventures [Member] | Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member]                      
Schedule Of Equity Method Investments [Line Items]                      
Total assets 40,990,000       34,550,000       40,990,000 34,550,000  
Total liabilities $ 14,616,000       $ 11,641,000       14,616,000 11,641,000  
Total revenues                 3,016,000 2,617,000 2,451,000
Consolidated net earnings                 $ 905,000 $ 579,000 810,000
Unconsolidated Co-Investment Ventures [Member] | U.S. [Member]                      
Schedule Of Equity Method Investments [Line Items]                      
Ventures | Venture 1 [2]       1       1 [2] 1  
Number of buildings | Property 706 [2]       605       706 [2] 605  
Square feet | ft² 117 [2]       99       117 [2] 99  
Third-party debt $ 3,129,000 [2]       $ 2,130,000       $ 3,129,000 [2] $ 2,130,000  
Our investment balance [1] 1,886,000 [2]       1,728,000       1,886,000 [2] 1,728,000  
Our earnings from unconsolidated co-investment ventures, net                 46,000 [2] 38,000 45,000
Unconsolidated Co-Investment Ventures [Member] | U.S. [Member] | Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member]                      
Schedule Of Equity Method Investments [Line Items]                      
Total assets 10,840,000 [2]       8,408,000       10,840,000 [2] 8,408,000  
Total liabilities $ 3,722,000 [2]       $ 2,514,000       3,722,000 [2] 2,514,000  
Total revenues                 946,000 [2] 738,000 676,000
Consolidated net earnings                 $ 169,000 [2] $ 128,000 150,000
Unconsolidated Co-Investment Ventures [Member] | Other Americas                      
Schedule Of Equity Method Investments [Line Items]                      
Ventures | Venture [3] 2       2       2 2  
Number of buildings | Property [3] 229       214       229 214  
Square feet | ft² [3] 51       44       51 44  
Third-party debt [3] $ 854,000       $ 769,000       $ 854,000 $ 769,000  
Our investment balance [1],[3] 811,000       658,000       811,000 658,000  
Our earnings from unconsolidated co-investment ventures, net                 34,000 [3] 32,000 [3] 26,000
Unconsolidated Co-Investment Ventures [Member] | Other Americas | Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member]                      
Schedule Of Equity Method Investments [Line Items]                      
Total assets [3] 3,023,000       2,707,000       3,023,000 2,707,000  
Total liabilities [3] $ 898,000       $ 801,000       898,000 801,000  
Total revenues                 278,000 [3] 266,000 [3] 217,000
Consolidated net earnings                 $ 91,000 [3] $ 91,000 [3] 63,000
Unconsolidated Co-Investment Ventures [Member] | Europe [Member]                      
Schedule Of Equity Method Investments [Line Items]                      
Ventures | Venture 3       3       3 3  
Number of buildings | Property 768       731       768 731  
Square feet | ft² 185       176       185 176  
Third-party debt $ 4,002,000       $ 3,213,000       $ 4,002,000 $ 3,213,000  
Our investment balance [1] 3,152,000       2,800,000       3,152,000 2,800,000  
Our earnings from unconsolidated co-investment ventures, net                 121,000 102,000 193,000
Unconsolidated Co-Investment Ventures [Member] | Europe [Member] | Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member]                      
Schedule Of Equity Method Investments [Line Items]                      
Total assets 16,918,000       14,677,000       16,918,000 14,677,000  
Total liabilities $ 5,607,000       $ 4,575,000       5,607,000 4,575,000  
Total revenues                 1,208,000 1,099,000 1,101,000
Consolidated net earnings                 $ 390,000 $ 311,000 509,000
Unconsolidated Co-Investment Ventures [Member] | Asia [Member]                      
Schedule Of Equity Method Investments [Line Items]                      
Ventures | Venture 3       3       3 3  
Number of buildings | Property 167       144       167 144  
Square feet | ft² 67       59       67 59  
Third-party debt $ 3,831,000       $ 3,296,000       $ 3,831,000 $ 3,296,000  
Our investment balance [1] 837,000       688,000       837,000 688,000  
Our earnings from unconsolidated co-investment ventures, net                 39,000 10,000 15,000
Unconsolidated Co-Investment Ventures [Member] | Asia [Member] | Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member]                      
Schedule Of Equity Method Investments [Line Items]                      
Total assets 10,209,000       8,758,000       10,209,000 8,758,000  
Total liabilities $ 4,389,000       $ 3,751,000       4,389,000 3,751,000  
Total revenues                 584,000 514,000 457,000
Consolidated net earnings                 $ 255,000 $ 49,000 $ 88,000
Unconsolidated Co-Investment Ventures [Member] | Weighted Average [Member]                      
Schedule Of Equity Method Investments [Line Items]                      
Our weighted average ownership [4] 26.10%       27.10%       26.10% 27.10%  
Unconsolidated Co-Investment Ventures [Member] | Weighted Average [Member] | U.S. [Member]                      
Schedule Of Equity Method Investments [Line Items]                      
Our weighted average ownership [4] 25.60% [2]       27.30%       25.60% [2] 27.30%  
Unconsolidated Co-Investment Ventures [Member] | Weighted Average [Member] | Other Americas                      
Schedule Of Equity Method Investments [Line Items]                      
Our weighted average ownership [3],[4] 40.80%       39.10%       40.80% 39.10%  
Unconsolidated Co-Investment Ventures [Member] | Weighted Average [Member] | Europe [Member]                      
Schedule Of Equity Method Investments [Line Items]                      
Our weighted average ownership [4] 30.00%       30.20%       30.00% 30.20%  
Unconsolidated Co-Investment Ventures [Member] | Weighted Average [Member] | Asia [Member]                      
Schedule Of Equity Method Investments [Line Items]                      
Our weighted average ownership [4] 15.20%       15.10%       15.20% 15.10%  
[1] 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 December 31, 2020 and 2019, results principally from four types of transactions: (i) deferred gains from the contribution of property to a venture prior to January 1, 2018 ($589.3 million and $611.5 million, respectively); (ii) recording additional costs associated with our investment in the venture ($101.5 million and $87.2 million, respectively); (iii) receivables, principally for fees and promotes ($165.6 million and $152.0 million, respectively); and (iv) customer security deposits retained subsequent to property contributions to NPR, as discussed above.
[2] In 2020, USLF acquired a portfolio of 108 operating properties, aggregating 18.3 million square feet, in the IPT Transaction for cash consideration of $2.0 billion, including transaction costs and the assumption and repayment of debt.
[3] PBLV and our other Brazilian joint ventures are combined as one venture for the purpose of this table.
[4] Represents our weighted average ownership interest in all unconsolidated co-investment ventures based on each entity’s contribution of total assets before depreciation, net of other liabilities.