Prologis (PLD) 10-Q 29 Jul 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Jul. 22, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Trading Symbol	PLD
Entity Registrant Name	Prologis, Inc.
Entity Central Index Key	1,045,609
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		526,951,000

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
ASSETS
Investments in real estate properties	$ 27,556,410	$ 27,521,368
Less accumulated depreciation	3,521,198	3,274,284
Net investments in real estate properties	24,035,212	24,247,084
Investments in and advances to unconsolidated entities	4,483,804	4,755,620
Assets held for sale or contribution	393,434	378,423
Notes receivable backed by real estate	33,800	235,050
Net investments in real estate	28,946,250	29,616,177
Cash and cash equivalents	332,221	264,080
Other assets	1,467,463	1,514,510
Total assets	30,745,934	31,394,767
Liabilities:
Debt	11,139,415	11,626,831
Accounts payable and accrued expenses	627,441	712,725
Other liabilities	696,044	634,375
Total liabilities	12,462,900	12,973,931
Prologis, Inc. stockholders’ equity:
Series Q preferred stock at stated liquidation preference of $50 per share: $0.01 par value; 1,565 shares issued and outstanding and 100,000 preferred shares authorized at June 30, 2016, and December 31, 2015	78,235	78,235
Common stock: $0.01 par value; 526,461 shares and 524,512 shares issued and outstanding at June 30, 2016, and December 31, 2015, respectively	5,265	5,245
Additional paid-in capital	19,361,787	19,302,367
Accumulated other comprehensive loss	(848,079)	(791,429)
Distributions in excess of net earnings	(3,885,017)	(3,926,483)
Total Prologis, Inc. stockholders’ equity	14,712,191	14,667,935
Partners' capital:
Total partners’ capital	0	0
Noncontrolling interests	3,570,843	3,752,901
Total equity	18,283,034	18,420,836
Total liabilities and equity	30,745,934	31,394,767
Prologis, L.P. [Member]
ASSETS
Investments in real estate properties	27,556,410	27,521,368
Less accumulated depreciation	3,521,198	3,274,284
Net investments in real estate properties	24,035,212	24,247,084
Investments in and advances to unconsolidated entities	4,483,804	4,755,620
Assets held for sale or contribution	393,434	378,423
Notes receivable backed by real estate	33,800	235,050
Net investments in real estate	28,946,250	29,616,177
Cash and cash equivalents	332,221	264,080
Other assets	1,467,463	1,514,510
Total assets	30,745,934	31,394,767
Liabilities:
Debt	11,139,415	11,626,831
Accounts payable and accrued expenses	627,441	712,725
Other liabilities	696,044	634,375
Total liabilities	12,462,900	12,973,931
Partners' capital:
Total partners’ capital	15,128,829	15,100,609
Noncontrolling interests	3,154,205	3,320,227
Total capital	18,283,034	18,420,836
Total liabilities and equity	30,745,934	31,394,767
Prologis, L.P. [Member] | Preferred [Member]
Partners' capital:
General partner	78,235	78,235
Prologis, L.P. [Member] | Common [Member]
Partners' capital:
General partner	14,633,956	14,589,700
Limited partners	173,344	186,683
Prologis, L.P. [Member] | Class A Capital [Member]
Partners' capital:
Limited partners	$ 243,294	$ 245,991

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2016	Dec. 31, 2015
Statement Of Financial Position [Abstract]
Preferred stock, liquidation preference per share	$ 50	$ 50
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	100,000,000	100,000,000
Preferred stock, shares issued	1,565,000	1,565,000
Preferred stock, shares outstanding	1,565,000	1,565,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares issued	526,461,000	524,512,000
Common stock, shares outstanding	526,461,000	524,512,000

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenues:
Rental	$ 426,150	$ 357,828	$ 863,254	$ 682,375
Rental recoveries	119,981	103,616	236,993	197,871
Strategic capital	51,322	47,046	100,988	89,071
Development management and other	4,702	1,914	7,220	3,934
Total revenues	602,155	510,404	1,208,455	973,251
Expenses:
Rental	140,725	125,820	287,306	252,915
Strategic capital	27,866	24,947	53,159	50,129
General and administrative	56,934	51,974	107,477	103,280
Depreciation and amortization	230,382	190,188	480,382	359,996
Other	3,900	30,127	8,585	35,702
Total expenses	459,807	423,056	936,909	802,022
Operating income	142,348	87,348	271,546	171,229
Other income (expense):
Earnings from unconsolidated entities, net	41,454	41,784	99,765	72,826
Interest expense	(76,455)	(68,902)	(157,267)	(137,663)
Interest and other income, net	1,527	1,847	4,118	12,896
Gains on dispositions of investments in real estate, net	200,350	108,782	344,667	386,497
Foreign currency and derivative gains (losses), net	(10,335)	(25,512)	(24,546)	9,054
Gains (losses) on early extinguishment of debt, net	2,044	(236)	992	(16,525)
Total other income	158,585	57,763	267,729	327,085
Earnings before income taxes	300,933	145,111	539,275	498,314
Total income tax expense	5,142	4,851	20,679	6,742
Consolidated net earnings	295,791	140,260	518,596	491,572
Less net earnings (loss) attributable to noncontrolling interests	18,712	(1,658)	31,787	2,778
Net earnings attributable to controlling interests	277,079	141,918	486,809	488,794
Less preferred stock/unit dividends/distributions	1,696	1,678	3,385	3,348
Net earnings attributable to common stockholders/unitholders	$ 275,383	$ 140,240	$ 483,424	$ 485,446
Weighted average common shares/units outstanding – Basic	524,842	523,476	524,540	518,791
Weighted average common shares/units outstanding – Diluted	545,388	530,640	544,293	529,827
Net earnings per share attributable to common stockholders/unitholders – Basic	$ 0.52	$ 0.27	$ 0.92	$ 0.94
Net earnings per share attributable to common stockholders/unitholders – Diluted	0.52	0.27	0.92	0.92
Dividends per common share or unit	$ 0.42	$ 0.36	$ 0.84	$ 0.72
Prologis, L.P. [Member]
Revenues:
Rental	$ 426,150	$ 357,828	$ 863,254	$ 682,375
Rental recoveries	119,981	103,616	236,993	197,871
Strategic capital	51,322	47,046	100,988	89,071
Development management and other	4,702	1,914	7,220	3,934
Total revenues	602,155	510,404	1,208,455	973,251
Expenses:
Rental	140,725	125,820	287,306	252,915
Strategic capital	27,866	24,947	53,159	50,129
General and administrative	56,934	51,974	107,477	103,280
Depreciation and amortization	230,382	190,188	480,382	359,996
Other	3,900	30,127	8,585	35,702
Total expenses	459,807	423,056	936,909	802,022
Operating income	142,348	87,348	271,546	171,229
Other income (expense):
Earnings from unconsolidated entities, net	41,454	41,784	99,765	72,826
Interest expense	(76,455)	(68,902)	(157,267)	(137,663)
Interest and other income, net	1,527	1,847	4,118	12,896
Gains on dispositions of investments in real estate, net	200,350	108,782	344,667	386,497
Foreign currency and derivative gains (losses), net	(10,335)	(25,512)	(24,546)	9,054
Gains (losses) on early extinguishment of debt, net	2,044	(236)	992	(16,525)
Total other income	158,585	57,763	267,729	327,085
Earnings before income taxes	300,933	145,111	539,275	498,314
Total income tax expense	5,142	4,851	20,679	6,742
Consolidated net earnings	295,791	140,260	518,596	491,572
Less net earnings (loss) attributable to noncontrolling interests	10,396	(2,956)	17,237	198
Net earnings attributable to controlling interests	285,395	143,216	501,359	491,374
Less preferred stock/unit dividends/distributions	1,696	1,678	3,385	3,348
Net earnings attributable to common stockholders/unitholders	$ 283,699	$ 141,538	$ 497,974	$ 488,026
Weighted average common shares/units outstanding – Basic	531,912	527,071	531,507	521,548
Weighted average common shares/units outstanding – Diluted	545,388	530,640	544,293	529,827
Net earnings per share attributable to common stockholders/unitholders – Basic	$ 0.52	$ 0.27	$ 0.92	$ 0.94
Net earnings per share attributable to common stockholders/unitholders – Diluted	0.52	0.27	0.92	0.92
Dividends per common share or unit	$ 0.42	$ 0.36	$ 0.84	$ 0.72

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Consolidated net earnings	$ 295,791	$ 140,260	$ 518,596	$ 491,572
Other comprehensive income (loss):
Foreign currency translation gains (losses), net	(23,061)	74,937	(21,600)	(49,342)
Unrealized gains (losses) on derivative contracts, net	(5,926)	(462)	(21,818)	3,347
Comprehensive income	266,804	214,735	475,178	445,577
Net loss (earnings) attributable to noncontrolling interests	(18,712)	1,658	(31,787)	(2,778)
Other comprehensive loss (income) attributable to noncontrolling interest	(5,192)	(4,027)	(13,232)	15,067
Comprehensive income attributable to common stockholders / unitholders	242,900	212,366	430,159	457,866
Prologis, L.P. [Member]
Consolidated net earnings	295,791	140,260	518,596	491,572
Other comprehensive income (loss):
Foreign currency translation gains (losses), net	(23,061)	74,937	(21,600)	(49,342)
Unrealized gains (losses) on derivative contracts, net	(5,926)	(462)	(21,818)	3,347
Comprehensive income	266,804	214,735	475,178	445,577
Net loss (earnings) attributable to noncontrolling interests	(10,396)	2,956	(17,237)	(198)
Other comprehensive loss (income) attributable to noncontrolling interest	(6,118)	(4,021)	(14,844)	14,684
Comprehensive income attributable to common stockholders / unitholders	$ 250,290	$ 213,670	$ 443,097	$ 460,063

Consolidated Statement of Equit

Consolidated Statement of Equity - 6 months ended Jun. 30, 2016 - USD ($) shares in Thousands, $ in Thousands	Total	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Distributions in Excess of Net Earnings [Member]	Non-controlling Interests [Member]
Balance at Dec. 31, 2015	$ 18,420,836	$ 78,235	$ 5,245	$ 19,302,367	$ (791,429)	$ (3,926,483)	$ 3,752,901
Balance, shares at Dec. 31, 2015	524,512		524,512
Consolidated net earnings	$ 518,596					486,809	31,787
Effect of equity compensation plans	45,880		$ 10	33,804			12,066
Effect of equity compensation plans, shares			1,034
Issuance of units related to acquisitions	3,162						3,162
Settlement of noncontrolling interests	(2,128)			851			(2,979)
Conversion of noncontrolling interests			$ 10	25,424			(25,434)
Conversion of noncontrolling interests, shares			915
Capital contributions	825						825
Foreign currency translation gains (losses), net	(21,600)				(35,436)		13,836
Unrealized losses on derivative contracts, net	(21,818)				(21,214)		(604)
Reallocation of equity				(960)			960
Distributions and other	(660,719)			301		(445,343)	(215,677)
Balance at Jun. 30, 2016	$ 18,283,034	$ 78,235	$ 5,265	$ 19,361,787	$ (848,079)	$ (3,885,017)	$ 3,570,843
Balance, shares at Jun. 30, 2016	526,461		526,461

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Operating activities:
Consolidated net earnings	$ 518,596	$ 491,572
Adjustments to reconcile net earnings to net cash provided by operating activities:
Straight-lined rents and amortization of above and below market leases	(43,113)	(15,359)
Equity-based compensation awards	29,212	26,718
Depreciation and amortization	480,382	359,996
Earnings from unconsolidated entities, net	(99,765)	(72,826)
Distributions from unconsolidated entities	98,887	64,081
Net changes in operating receivables from unconsolidated entities	22,896	(12,519)
Amortization of debt premiums, net of deferred financing costs	(9,616)	(14,386)
Gains on dispositions of investments in real estate, net	(344,667)	(386,497)
Losses (gains) on early extinguishment of debt, net	(992)	16,525
Unrealized foreign currency and derivative losses (gains), net	23,386	(4,506)
Deferred income tax expense (benefit)	(4,602)	1,197
Decrease (increase) in accounts receivable and other assets	14,327	(14,629)
Decrease in accounts payable and accrued expenses and other liabilities	(106,840)	(83,478)
Net cash provided by operating activities	578,091	355,889
Investing activities:
Real estate development	(775,545)	(670,517)
Real estate acquisitions	(136,107)	(293,556)
Tenant improvements and lease commissions on previously leased space	(88,659)	(65,377)
Nondevelopment capital expenditures	(30,096)	(26,089)
Proceeds from dispositions and contributions of real estate properties	1,284,126	926,833
Investments in and advances to unconsolidated entities	(145,287)	(340,841)
Return of investment from unconsolidated entities	581,601	67,036
Proceeds from repayment of notes receivable backed by real estate	201,250	9,866
Proceeds from the settlement of net investment hedges	16,768	122,505
Payments on the settlement of net investment hedges	0	(981)
Net cash provided by (used in) investing activities	908,051	(5,080,620)
Financing activities:
Proceeds from issuance of common stock	10,354	83,362
Dividends paid on common and preferred stock	(445,343)	(381,189)
Noncontrolling interests contributions	825	2,354,468
Noncontrolling interests distributions	(214,263)	(38,068)
Purchase of noncontrolling interests	(2,979)	(2,163)
Debt and equity issuance costs paid	(14,865)	(11,494)
Net proceeds from (payments on) credit facilities	(3,515)	435,450
Repurchase and payments of debt	(1,277,311)	(908,474)
Proceeds from issuance of debt	517,045	3,199,538
Net cash provided by (used in) financing activities	(1,430,052)	4,731,430
Effect of foreign currency exchange rate changes on cash	12,051	(6,366)
Net increase in cash and cash equivalents	68,141	333
Cash and cash equivalents, beginning of period	264,080	350,692
Cash and cash equivalents, end of period	332,221	351,025
Prologis, L.P. [Member]
Operating activities:
Consolidated net earnings	518,596	491,572
Adjustments to reconcile net earnings to net cash provided by operating activities:
Straight-lined rents and amortization of above and below market leases	(43,113)	(15,359)
Equity-based compensation awards	29,212	26,718
Depreciation and amortization	480,382	359,996
Earnings from unconsolidated entities, net	(99,765)	(72,826)
Distributions from unconsolidated entities	98,887	64,081
Net changes in operating receivables from unconsolidated entities	22,896	(12,519)
Amortization of debt premiums, net of deferred financing costs	(9,616)	(14,386)
Gains on dispositions of investments in real estate, net	(344,667)	(386,497)
Losses (gains) on early extinguishment of debt, net	(992)	16,525
Unrealized foreign currency and derivative losses (gains), net	23,386	(4,506)
Deferred income tax expense (benefit)	(4,602)	1,197
Decrease (increase) in accounts receivable and other assets	14,327	(14,629)
Decrease in accounts payable and accrued expenses and other liabilities	(106,840)	(83,478)
Net cash provided by operating activities	578,091	355,889
Investing activities:
Real estate development	(775,545)	(670,517)
Real estate acquisitions	(136,107)	(293,556)
Tenant improvements and lease commissions on previously leased space	(88,659)	(65,377)
Nondevelopment capital expenditures	(30,096)	(26,089)
Proceeds from dispositions and contributions of real estate properties	1,284,126	926,833
Investments in and advances to unconsolidated entities	(145,287)	(340,841)
Return of investment from unconsolidated entities	581,601	67,036
Proceeds from repayment of notes receivable backed by real estate	201,250	9,866
Proceeds from the settlement of net investment hedges	16,768	122,505
Payments on the settlement of net investment hedges	0	(981)
Net cash provided by (used in) investing activities	908,051	(5,080,620)
Financing activities:
Proceeds from issuance of common stock	10,354	83,362
Dividends paid on common and preferred stock	(465,071)	(385,109)
Noncontrolling interests contributions	825	2,354,468
Noncontrolling interests distributions	(195,386)	(34,148)
Purchase of noncontrolling interests	(2,128)	(2,163)
Debt and equity issuance costs paid	(14,865)	(11,494)
Net proceeds from (payments on) credit facilities	(3,515)	435,450
Repurchase and payments of debt	(1,277,311)	(908,474)
Proceeds from issuance of debt	517,045	3,199,538
Net cash provided by (used in) financing activities	(1,430,052)	4,731,430
Effect of foreign currency exchange rate changes on cash	12,051	(6,366)
Net increase in cash and cash equivalents	68,141	333
Cash and cash equivalents, beginning of period	264,080	350,692
Cash and cash equivalents, end of period	332,221	351,025
KTR Capital Partners and Affiliates [Member]
Investing activities:
KTR acquisition, net of cash received	0	(4,809,499)
KTR Capital Partners and Affiliates [Member] | Prologis, L.P. [Member]
Investing activities:
KTR acquisition, net of cash received	$ 0	$ (4,809,499)

Consolidated Statements of Capi

Consolidated Statements of Capital - USD ($) $ in Thousands	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Jun. 30, 2016	Dec. 31, 2015
Consolidated net earnings	$ 295,791	$ 518,596
Effect of equity compensation plans		45,880
Issuance of units related to acquisitions		3,162
Capital contributions		825
Foreign currency translation gains (losses), net	(23,061)	(21,600)
Unrealized losses on derivative contracts, net	$ (5,926)	(21,818)
Non-controlling Interests [Member]
Consolidated net earnings		31,787
Effect of equity compensation plans		12,066
Issuance of units related to acquisitions		3,162
Capital contributions		825
Foreign currency translation gains (losses), net		13,836
Unrealized losses on derivative contracts, net		$ (604)
Class A Capital [Member]
Beginning balance, Units		8,900
Conversion of limited partners units, shares		8,800	8,800
Ending balance, Units	8,900	8,900	8,900
Prologis, L.P. [Member]
Beginning balance		$ 18,420,836
Consolidated net earnings	$ 295,791	518,596
Effect of equity compensation plans		45,880
Issuance of units related to acquisitions		3,162
Settlement of noncontrolling interests		(2,128)
Capital contributions		825
Foreign currency translation gains (losses), net	(23,061)	(21,600)
Unrealized losses on derivative contracts, net	(5,926)	(21,818)
Distributions and other		(660,719)
Ending balance	18,283,034	18,283,034	$ 18,420,836
Prologis, L.P. [Member] | Non-controlling Interests [Member]
Beginning balance		3,320,227
Consolidated net earnings		17,237
Settlement of noncontrolling interests		(2,979)
Capital contributions		825
Foreign currency translation gains (losses), net		14,844
Distributions and other		(195,949)
Ending balance	3,154,205	3,154,205	3,320,227
General Partner [Member] | Prologis, L.P. [Member] | Preferred [Member]
Beginning balance		$ 78,235
Beginning balance, Units		1,565,000
Ending balance	$ 78,235	$ 78,235	$ 78,235
Ending balance, Units	1,565,000	1,565,000	1,565,000
General Partner [Member] | Prologis, L.P. [Member] | Common [Member]
Beginning balance		$ 14,589,700
Beginning balance, Units		524,512,000
Consolidated net earnings		$ 486,809
Effect of equity compensation plans		$ 33,814
Effect of equity compensation plans, shares		1,034,000
Settlement of noncontrolling interests		$ 851
Conversion of limited partners units		$ 25,434
Conversion of limited partners units, shares		915,000
Foreign currency translation gains (losses), net		$ (35,436)
Unrealized losses on derivative contracts, net		(21,214)
Reallocation of capital		(960)
Distributions and other		(445,042)
Ending balance	$ 14,633,956	$ 14,633,956	$ 14,589,700
Ending balance, Units	526,461,000	526,461,000	524,512,000
Limited Partners [Member] | Prologis, L.P. [Member] | Common [Member]
Beginning balance		$ 186,683
Beginning balance, Units		6,711,000
Consolidated net earnings		$ 6,422
Effect of equity compensation plans		$ 12,066
Effect of equity compensation plans, shares		388,000
Issuance of units related to acquisitions		$ 3,162
Issuance of units related to acquisition, shares		72,000
Conversion of limited partners units		$ (25,434)
Conversion of limited partners units, shares		(915,000)
Foreign currency translation gains (losses), net		$ (445)
Unrealized losses on derivative contracts, net		(267)
Reallocation of capital		(617)
Distributions and other		$ (8,226)
Distributions and other, shares		(20,000)
Ending balance	$ 173,344	$ 173,344	$ 186,683
Ending balance, Units	6,236,000	6,236,000	6,711,000
Limited Partners [Member] | Prologis, L.P. [Member] | Class A Capital [Member]
Beginning balance		$ 245,991
Beginning balance, Units		8,894,000
Consolidated net earnings		$ 8,128
Foreign currency translation gains (losses), net		(563)
Unrealized losses on derivative contracts, net		(337)
Reallocation of capital		1,577
Distributions and other		(11,502)
Ending balance	$ 243,294	$ 243,294	$ 245,991
Ending balance, Units	8,894,000	8,894,000	8,894,000

General

General	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
General	NOTE 1. GENERAL Business . Prologis, Inc. (or the “Parent”) commenced operations as a fully integrated real estate company in 1997, elected to be taxed as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”), and believes the current organization and method of operation will enable it to maintain its status as a REIT. The Parent is the general partner of Prologis, L.P. (or the “Operating Partnership”). Through the Operating Partnership, we are engaged in the ownership, acquisition, development and management of logistics properties in the world’s primary population centers and in those supported by extensive transportation infrastructure. Our current business strategy consists of two operating business segments: Real Estate Operations and Strategic Capital. Our Real Estate Operations segment represents the ownership and development of industrial properties. Our Strategic Capital segment represents the management of co-investment ventures and other unconsolidated entities. See Note 12 for further discussion of our business segments. Unless otherwise indicated, the Notes to the Consolidated Financial Statements apply to both the Parent and the Operating Partnership. The terms “the Company,” “Prologis,” “we,” “our” or “us” means the Parent and Operating Partnership collectively. For each share of common stock or preferred stock the Parent issues, the Operating Partnership issues a corresponding common or preferred partnership unit, as applicable, to the Parent in exchange for the contribution of the proceeds from the stock issuance. At June 30, 2016, the Parent owned an approximate 97.23% common general partnership interest in the Operating Partnership and 100% of the preferred units in the Operating Partnership. The remaining approximate 2.77% common limited partnership interests, which include 8.9 million Class A common limited partnership units (“Class A Units”) in the Operating Partnership, are owned by unaffiliated investors and certain current and former directors and officers of the Parent. Each partner’s percentage interest in the Operating Partnership is determined based on the number of Operating Partnership units owned as compared to total Operating Partnership units outstanding at each period end and is used as the basis for the allocation of net income or loss to each partner. At the end of each reporting period, a capital adjustment is made in the Operating Partnership to reflect the appropriate ownership interest for each of the common unitholders. These adjustments are reflected in the line items Reallocation of Equity Reallocation of Capital As the sole general partner of the Operating Partnership, the Parent has complete responsibility and discretion in the day-to-day management and control of the Operating Partnership and we operate the Parent and the Operating Partnership as one enterprise. The management of the Parent consists of the same members as the management of the Operating Partnership. These members are officers of the Parent and employees of the Operating Partnership or one of its subsidiaries. As general partner with control of the Operating Partnership, the Parent consolidates the Operating Partnership. Because the Parent’s only significant asset is its investment in the Operating Partnership, the assets and liabilities of the Parent and the Operating Partnership are the same on their respective financial statements. Basis of Presentation. The accompanying Consolidated Financial Statements are prepared in accordance with United States (“U.S.”) generally accepted accounting principles (“GAAP”) and are presented in our reporting currency, the U.S. dollar. All material intercompany transactions with consolidated entities have been eliminated. The accompanying unaudited interim financial information has been prepared according to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in our annual financial statements prepared in accordance with GAAP have been condensed or omitted in accordance with such rules and regulations. Our management believes that the disclosures presented in these financial statements are adequate to make the information presented not misleading. In our opinion, all adjustments and eliminations, consisting only of normal recurring adjustments, necessary to present fairly the financial position and results of operations for both the Parent and the Operating Partnership for the reported periods have been included. The results of operations for such interim periods are not necessarily indicative of the results for the full year. The accompanying unaudited interim financial information should be read in conjunction with our Annual Report on Form 10-K for the fiscal year ended December 31, 2015, as filed with the SEC, and other public information. Certain amounts included in the accompanying Consolidated Financial Statements for 2015 have been reclassified to conform to the 2016 financial statement presentation. New Accounting Pronouncements. In March 2016, the Financial Accounting Standards Board (“FASB”) issued an accounting standard update that amends the stock compensation requirements in existing GAAP. The update simplifies certain aspects of accounting for share-based payment transactions, including income tax consequences, statutory tax withholding requirements, forfeitures and classification in the statement of cash flows. It is effective for annual and interim reporting periods beginning after December 15, 2016, but early adoption is permitted. We are currently evaluating the impact the adoption of this standard will have on the Consolidated Financial Statements. In March 2016, the FASB issued an accounting standard update that amends the leasing standards in existing GAAP. Under the update, companies that lease assets will be required to recognize on their balance sheets the assets and liabilities for the rights and obligations created by leases with a term greater than 12 months. This will have the effect of recognizing substantially all operating leases on the balance sheet. The accounting for companies that own assets that are leased, such as Prologis, will remain largely unchanged from current GAAP. It is effective for annual and interim reporting periods beginning after December 15, 2018, but early adoption is permitted. We are currently evaluating the impact the adoption of this standard will have on the Consolidated Financial Statements. In February 2015, the FASB issued an accounting standard update that amends the consolidation requirements in existing GAAP. Under the update, all entities, including limited partnerships and similar legal entities, are now within the scope of consolidation guidance, unless a scope exception applies. We adopted this standard on a modified retrospective basis on January 1, 2016, and the adoption did not have a material effect on the Consolidated Financial Statements, however the Operating Partnership and certain of our consolidated co-investment ventures now qualify as VIEs under the new guidance, which required additional disclosures. See Note 8 for additional information about our VIEs. In May 2014, the FASB issued an accounting standard update that requires companies to use a five step model to determine when to recognize revenue from customer contracts in an effort to increase consistency and comparability throughout global capital markets and across industries. Under the model, a company will identify the contract, identify any separate performance obligations in the contract, determine the transaction price, allocate the transaction price and recognize revenue when the performance obligation is satisfied. It is effective for annual and interim reporting periods beginning after December 15, 2017, with earlier adoption permitted, but not before the original effective date of December 15, 2016. We are currently evaluating the impact the adoption of this standard will have on the Consolidated Financial Statements.

Business Combination

Business Combination	6 Months Ended
	Jun. 30, 2016
Business Combinations [Abstract]
Business Combination	NOTE 2. BUSINESS COMBINATION On May 29, 2015, we acquired the real estate assets and operating platform from KTR Capital Partners and its affiliates (“KTR”). The portfolio consisted of 315 operating properties, aggregating 59.0 million square feet, 3.6 million square feet of properties under development and land parcels that will support an estimated build out of 6.8 million square feet. The properties were acquired by our consolidated co-investment venture Prologis U.S. Logistics Venture, of which we own 55%. The acquisition was funded through cash (which included the contribution of $2.3 billion from our venture partner and the proceeds from the issuance of debt), the assumption of secured mortgage debt and the issuance of 4.5 million common limited partnership units in the Operating Partnership. We incurred $24.7 million of acquisition costs that are included in Other Expenses The allocation of the purchase price required a significant amount of judgment and was based on our valuations, estimates and assumptions of the acquisition date fair value of the tangible and intangible assets acquired and liabilities assumed. The adjustments finalizing the purchase price allocation during the measurement period were not considered to be material to our financial position or results of operations. The allocation of the purchase price was as follows (in thousands): Investments in real estate properties $ 5,441,384 Intangible assets, net of intangible liabilities 332,708 Accounts receivable and other assets 8,062 Debt, including premium (735,172 ) Accounts payable, accrued expenses and other liabilities (56,313 ) Total estimated purchase price 4,990,669 Our venture partner’s share of purchase price (2,253,234 ) Common limited partnership units issued in the Operating Partnership (181,170 ) Prologis share of cash purchase price $ 2,556,265 The following pro forma financial information presents our results as though the KTR acquisition had been completed on January 1, 2014. The pro forma information does not reflect the actual results of operations had the transaction actually been completed on January 1, 2014, and it is not indicative of future operating results. The results for the three and six months ended June 30, 2015, include approximately one month of actual results for the acquisition, which includes the acquisition expenses, and two and five months of pro forma adjustments, respectively. Actual results in 2015 include rental income and rental expenses of the properties acquired of $35.3 million and $7.9 million, respectively, representing the period from acquisition through June 30, 2015. The following amounts are in thousands, except per share amounts: Three Months Ended Six Months Ended June 30, 2015 June 30, 2015 Total revenues $ 576,055 $ 1,134,918 Net earnings attributable to common stockholders $ 153,582 $ 498,791 Net earnings per share attributable to common stockholders – Basic $ 0.29 $ 0.96 Net earnings per share attributable to common stockholders – Diluted $ 0.29 $ 0.95 These results include certain adjustments, primarily: (i) decreased revenues from the amortization of the net assets from the acquired leases with net favorable rents relative to estimated market rents; (ii) increased depreciation and amortization expense resulting from the adjustment of real estate assets to estimated fair value and recognition of intangible assets related to in-place leases; and (iii) additional interest expense attributable to the debt issued to finance our cash portion of the acquisition offset by lower interest expense due to the accretion of the fair value adjustment of debt.

Real Estate

Real Estate	6 Months Ended
	Jun. 30, 2016
Real Estate [Abstract]
Real Estate	NOTE 3. REAL ESTATE Investments in real estate properties consisted of the following (dollars and square feet in thousands): Square Feet and Acres (1) Number of Buildings (1) June 30, December 31, June 30, December 31, June 30, December 31, 2016 2015 2016 2015 2016 2015 Industrial operating properties: Improved land - - - - - - - - $ 5,945,476 $ 5,874,052 Buildings and improvements 333,647 333,830 1,825 1,872 17,967,859 17,861,693 Development portfolio, including land costs: Prestabilized 9,429 12,598 22 28 856,407 918,099 Properties under development 16,591 19,630 60 63 914,364 954,804 Land 7,013 7,404 - - - - 1,322,214 1,359,794 Other real estate investments (2) 550,090 552,926 Total investments in real estate properties 27,556,410 27,521,368 Less accumulated depreciation 3,521,198 3,274,284 Net investments in real estate properties $ 24,035,212 $ 24,247,084 (1) Items indicated by ‘- -‘ are not applicable. (2) Included in other real estate investments are: (i) certain non-industrial real estate; (ii) land parcels that are ground leased to third parties; (iii) our corporate office buildings; (iv) earnest money deposits associated with potential acquisitions; (v) infrastructure costs related to projects we are developing on behalf of others; and (vi) costs related to future development projects, including purchase options on land. Acquisitions The following table summarizes our real estate acquisition activity for the six months ended June 30 (dollars and square feet in thousands): 2016 2015 Acquisitions of operating properties from third parties Number of industrial operating properties 6 10 Square feet 889 1,444 Real estate acquisition value $ 70,045 $ 133,610 The table above does not include the properties acquired in the KTR acquisition, as this transaction is explained in Note 2. Dispositions The following table summarizes our real estate disposition activity for the six months ended June 30 (dollars and square feet in thousands): 2016 2015 Contributions to unconsolidated co-investment ventures Number of properties 10 16 Square feet 4,019 4,566 Net proceeds $ 463,700 $ 418,485 Net gains on contributions $ 103,590 $ 63,686 Dispositions to third parties Number of properties 99 50 Square feet 10,565 5,366 Net proceeds (1) $ 889,607 $ 736,120 Net gains on dispositions (1) $ 154,462 $ 322,811 Total net gains on contributions and dispositions $ 258,052 $ 386,497 Gains on redemption of investment in co-investment ventures (2) 86,615 - Total gains on dispositions of investments in real estate, net $ 344,667 $ 386,497 (1) Includes the disposition of land parcels and our investment in an unconsolidated joint venture. (2) See Note 4 for more information about these transactions.

Unconsolidated Entities

Unconsolidated Entities	6 Months Ended
	Jun. 30, 2016
Equity Method Investments And Joint Ventures [Abstract]
Unconsolidated Entities	NOTE 4. UNCONSOLIDATED ENTITIES Summary of Investments We have investments in entities through a variety of ventures. We co-invest in entities that own multiple properties with partners and investors and provide asset and property management services to these entities, which we refer to as co-investment ventures. These entities may be consolidated or unconsolidated, depending on the structure, our partner’s participation and other rights and our level of control of the entity. This note details our investments in unconsolidated co-investment ventures, which are accounted for using the equity method of accounting. See Note 8 for more detail regarding our consolidated investments. We also have other ventures, generally with one partner and that we do not manage, which we account for using the equity method. We refer to our investments in all entities accounted for using the equity method, both unconsolidated co-investment ventures and other ventures, collectively, as unconsolidated entities. The following table summarizes our investments in and advances to our unconsolidated entities (in thousands): June 30, December 31, 2016 2015 Unconsolidated co-investment ventures $ 4,328,459 $ 4,585,427 Other ventures 155,345 170,193 Totals $ 4,483,804 $ 4,755,620 Unconsolidated Co-Investment Ventures The amounts recognized in Strategic Capital Revenue Earnings from Unconsolidated Entities, Net Strategic Capital Expenses The following tables summarize these unconsolidated co-investment ventures: June 30, December 31, June 30, (dollars and square feet in millions) 2016 2015 2015 U.S.: Number of ventures 1 1 1 Number of properties owned 379 391 399 Square feet 49 50 51 Total assets $ 4,228 $ 4,408 $ 4,405 Third-party debt $ 1,425 $ 1,433 $ 1,509 Total liabilities $ 1,504 $ 1,550 $ 1,589 Our investment balance (1) (3) $ 518 $ 690 $ 697 Our weighted average ownership (2) (3) 17.6 % 22.5 % 23.1 % Other Americas: Number of ventures 2 2 2 Number of properties owned 209 205 201 Square feet 41 39 38 Total assets $ 2,694 $ 2,482 $ 2,509 Third-party debt $ 677 $ 657 $ 572 Total liabilities $ 772 $ 708 $ 624 Our investment balance (1) $ 848 $ 786 $ 827 Our weighted average ownership (2) 43.6 % 43.8 % 43.2 % Europe: Number of ventures 4 4 4 Number of properties owned 690 688 669 Square feet 160 159 155 Total assets $ 11,188 $ 11,343 $ 11,427 Third-party debt $ 2,566 $ 2,640 $ 2,533 Total liabilities $ 3,521 $ 3,584 $ 3,484 Our investment balance (1) (3) $ 2,464 $ 2,707 $ 2,844 Our weighted average ownership (2) (3) 36.2 % 38.9 % 39.4 % Asia: Number of ventures 2 2 2 Number of properties owned 77 66 56 Square feet 34 29 27 Total assets $ 5,346 $ 4,320 $ 4,203 Third-party debt $ 1,952 $ 1,520 $ 1,701 Total liabilities $ 2,250 $ 1,751 $ 1,946 Our investment balance (1) $ 498 $ 402 $ 359 Our weighted average ownership (2) 15.0 % 15.0 % 15.0 % Total: Number of ventures 9 9 9 Number of properties owned 1,355 1,350 1,325 Square feet 284 277 271 Total assets $ 23,456 $ 22,553 $ 22,544 Third-party debt $ 6,620 $ 6,250 $ 6,315 Total liabilities $ 8,047 $ 7,593 $ 7,643 Our investment balance (1) $ 4,328 $ 4,585 $ 4,727 Our weighted average ownership (2) 28.8 % 31.6 % 32.0 % Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2016 2015 2016 2015 U.S.: Revenues $ 98,009 $ 93,825 $ 195,970 $ 187,370 Net operating income (4) 69,848 66,179 138,142 130,150 Net earnings 5,285 3,771 35,860 5,803 Other Americas: Revenues $ 59,669 $ 61,013 $ 116,083 $ 117,482 Net operating income (4) 51,018 51,208 99,851 99,320 Net earnings 19,451 24,374 33,349 38,242 Europe: Revenues $ 247,264 $ 230,145 $ 491,583 $ 464,858 Net operating income (4) 192,696 181,094 381,673 361,926 Net earnings 68,567 67,484 141,399 118,443 Asia: Revenues $ 86,412 $ 68,260 $ 162,262 $ 136,178 Net operating income (4) 67,083 52,747 126,347 105,981 Net earnings 21,773 22,230 43,849 45,620 Total: Revenues $ 491,354 $ 453,243 $ 965,898 $ 905,888 Net operating income (4) $ 380,645 $ 351,228 $ 746,013 $ 697,377 Net earnings $ 115,076 $ 117,859 $ 254,457 $ 208,108 (1) The difference between our ownership interest of a venture’s equity and our investment balance, at June 30, 2016 and December 31, 2015, results principally from three types of transactions: (i) deferring a portion of the gains we recognize from a contribution of a property to a venture ($429.7 million and $430.7 million, respectively); (ii) recording additional costs associated with our investment in a venture ($123.9 million and $122.1 million, respectively); and (iii) advances to a venture ($165.2 million and $189.7 million, respectively). Included in the advances to our ventures at June 30, 2016 and December 31, 2015 were receivables from Nippon Prologis REIT, Inc. (“NPR”) of $109.5 million and $85.2 million, respectively, related to customer security deposits that originated through a leasing company owned by us that pertain to properties owned by NPR. We have a corresponding payable to NPR’s customers in Other Liabilities. (2) Represents our weighted average ownership interest in all co-investment ventures based on each entity’s contribution of total assets, before depreciation, net of other liabilities. (3) In April 2016, we redeemed a portion of our investment in Prologis Targeted European Logistics Fund (“PTELF”) and Prologis Targeted U.S. Logistics Fund (“USLF”) for €185.0 million ($210.6 million) and $200.0 million, respectively, and recorded a gain of $86.6 million, which is included in Gains on the Dispositions of Investments in Real Estate, Net Return of Investment from Unconsolidated Entities. In June 2016, we submitted additional redemption requests for €90.0 million ($99.9 million at June 30, 2016) and $100 million in PTELF and USLF, respectively. We expect the requests to close in the second half of 2016 and they will be fulfilled by other investors so our ownership percentage will decrease. (4) Net operating income represents rental revenues less rental expenses. The following table summarizes the amounts we recognized in the Consolidated Statements of Income related to the unconsolidated co-investment ventures (in thousands) Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Earnings from unconsolidated co-investment ventures, net: U.S. $ 718 $ 669 $ 7,377 $ 961 Other Americas 7,509 9,091 12,808 13,597 Europe 29,014 27,306 60,593 48,814 Asia 3,693 3,785 7,348 7,715 Total earnings from unconsolidated co-investment ventures, net $ 40,934 $ 40,851 $ 88,126 $ 71,087 Strategic capital revenue and other revenue: U.S. $ 9,179 $ 9,601 $ 18,174 $ 18,161 Other Americas 5,693 7,013 11,058 12,814 Europe 25,428 21,001 47,447 39,394 Asia 10,448 8,856 23,047 17,405 Total strategic capital revenue 50,748 46,471 99,726 87,774 Development management and other revenue 2,787 1,546 4,348 3,186 Total strategic capital revenue and other revenue $ 53,535 $ 48,017 $ 104,074 $ 90,960 Equity Commitments Related to Certain Unconsolidated Co-Investment Ventures The following table summarizes the remaining equity commitments at June 30, 2016 (in millions): Equity Commitments Expiration Date for Remaining Commitments Prologis Venture Partners Total Prologis Targeted U.S. Logistics Fund $ - $ 214 $ 214 2016 - 2017 Prologis Targeted Europe Logistics Fund (1) - 479 479 2016 - 2017 Prologis China Logistics Venture (2) 301 1,708 2,009 2016 - 2017 Totals $ 301 $ 2,401 $ 2,702 (1) Equity commitments are denominated in euro and reported in U.S. dollars based on an exchange rate of $1.11 U.S. dollars to the euro. (2) In January 2016, we reached an agreement with our partner in this venture to increase the equity commitments by $882.4 million, of which our share is $132.4 million, to fund future developments in China. During the first quarter of 2016, we satisfied our remaining commitment to Prologis European Logistics Partners with the contribution of $46.9 million for the repayment of third-party debt by the venture.

Assets Held for Sale or Contrib

Assets Held for Sale or Contribution	6 Months Ended
	Jun. 30, 2016
Real Estate Assets Held For Development And Sale [Abstract]
Assets Held for Sale or Contribution	NOTE 5. ASSETS HELD FOR SALE OR CONTRIBUTION We have classified our investments in certain real estate properties that met the criteria to be classified as Assets Held for Sale or Contribution Assets held for sale or contribution consisted of the following (dollars and square feet in thousands): June 30, December 31, 2016 2015 Number of operating properties 20 17 Square feet 5,862 5,065 Total assets held for sale or contribution $ 393,434 $ 378,423 Total liabilities associated with assets held for sale or contribution – included in Other Liabilities $ 6,726 $ 6,874

Notes Receivable Backed by Real

Notes Receivable Backed by Real Estate	6 Months Ended
	Jun. 30, 2016
Receivables [Abstract]
Notes Receivable Backed by Real Estate	NOTE 6. NOTES RECEIVABLE BACKED BY REAL ESTATE During 2016, $201.3 million of notes backed by real estate and all of the associated accrued interest were paid in full. At June 30, 2016, we had $33.8 million of notes backed by real estate received in connection with the disposition of real estate to a third party. We earn interest on the notes at annual rates ranging from 5.5% to 10.0%. The notes have maturity dates ranging from December 2016 to April 2017.

Debt

Debt	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Debt	NOTE 7. DEBT All debt is incurred by the Operating Partnership. The Parent does not have any indebtedness, but guarantees the unsecured debt of the Operating Partnership. The following table summarizes our debt (dollars in thousands): June 30, 2016 December 31, 2015 Weighted Average Interest Rate (1) Amount Outstanding (2) Weighted Average Interest Rate (1) Amount Outstanding Credit facilities - $ - - $ - Senior notes 3.3 % 6,603,070 3.3 % 6,516,392 Term loans 1.9 % 1,829,787 2.1 % 2,100,009 Other 6.2 % 14,930 6.2 % 15,448 Secured mortgages 5.3 % 901,071 5.1 % 1,172,473 Secured mortgages of consolidated entities 3.0 % 1,790,557 2.9 % 1,822,509 Totals 3.2 % $ 11,139,415 3.2 % $ 11,626,831 (1) The interest rates presented represent the effective interest rates (including amortization of debt issuance costs and the noncash premiums or discounts) at the end of the period for debt outstanding. (2) Included in the outstanding balances are borrowings denominated in non-U.S. dollars, principally: euro ($3.5 billion), Japanese yen ($1.3 billion) and Canadian dollars ($436.0 million). Credit Facilities We have a global senior credit facility (the “Global Facility”), under which we may draw in U.S. dollars, euro, Japanese yen, British pounds sterling and Canadian dollars on a revolving basis. In April 2016, we renewed and amended the Global Facility to increase our availability from $2.3 billion to $3.0 billion (subject to currency fluctuations). We have the ability to increase the Global Facility to $3.75 billion, subject to currency fluctuations and obtaining additional lender commitments. Pricing under the Global Facility, including the spread over LIBOR, facility fees and letter of credit fees, varies based on the public debt ratings of the Operating Partnership. The amended Global Facility is scheduled to mature in April 2020; however, we may extend the maturity date for six months on two occasions, subject to the satisfaction of certain conditions and payment of extension fees. We also have a ¥45 billion ($438.0 million at June 30, 2016) Japanese yen revolver (the “Revolver”) with availability to increase to ¥56.5 billion, subject to obtaining additional lender commitments. Pricing under the Revolver, including the spread over LIBOR, facility fees and letter of credit fees, varies based on the public debt ratings of the Operating Partnership. We refer to the Global Facility and the Revolver, collectively, as our “Credit Facilities.” The following table summarizes information about our Credit Facilities at June 30, 2016 (in thousands): Aggregate lender commitments $ 3,455,604 Less: Borrowings outstanding - Outstanding letters of credit 38,534 Current availability $ 3,417,070 Term Loans In March 2016, we entered into an unsecured senior term loan agreement (the “2016 Yen Term Loan”) under which we can draw in Japanese yen in an aggregate amount not to exceed ¥11.2 billion ($108.9 million at June 30, 2016). The 2016 Yen Term Loan bears interest at LIBOR plus 1.10% and is scheduled to mature in March 2017. In the first quarter of 2016, we borrowed ¥11.2 billion ($99.6 million), which caused the Yen Term Loan to be fully drawn at June 30, 2016. Long-Term Debt Maturities Principal payments due on our debt, for the remainder of 2016 and for each of the years in the period ending December 31, 2025, and thereafter were as follows at June 30, 2016 (in millions): Prologis Unsecured Credit Senior Term Loans and Secured Mortgage Consolidated Entities’ Total Consolidated Maturity Facilities Notes Other Debt Debt Total Debt Debt 2016 (1) $ - $ - $ 1 $ 14 $ 15 $ 6 $ 21 2017 (2) - - 522 8 530 514 1,044 2018 - 175 1 167 343 403 746 2019 - 618 1 319 938 143 1,081 2020 - 877 1 59 937 252 1,189 2021 - 1,277 399 14 1,690 128 1,818 2022 - 777 632 10 1,419 154 1,573 2023 - 850 288 33 1,171 142 1,313 2024 - 777 1 132 910 1 911 2025 - 750 1 139 890 1 891 Thereafter - 555 7 - 562 2 564 Subtotal - 6,656 1,854 895 9,405 1,746 11,151 Unamortized premiums (discounts), net - (22 ) - 11 (11 ) 49 38 Unamortized debt issuance costs, net - (31 ) (9 ) (5 ) (45 ) (5 ) (50 ) Totals $ - $ 6,603 $ 1,845 $ 901 $ 9,349 $ 1,790 $ 11,139 (1) We expect to repay the amounts maturing in 2016 with cash generated from operations, proceeds from the dispositions of wholly owned real estate properties or, as necessary, with borrowings on our Credit Facilities. (2) Included in the 2017 maturities is a term loan that can be extended until 2019. Exchangeable Senior Notes During March 2015, the holders of exchangeable notes exchanged $459.8 million of their notes for 11.9 million shares of common stock of the Parent and $0.2 million of their notes for cash. When the debt was exchanged into common stock, the value of the derivative associated with the debt was reclassified to Additional Paid-In Capital Debt Covenants We have approximately $6.6 billion of senior notes and $1.8 billion of term loans outstanding at June 30, 2016 that were issued under three separate indentures, as supplemented, and are subject to certain financial covenants. We are also subject to financial covenants under our Credit Facilities and certain secured mortgage debt. At June 30, 2016, we were in compliance with all covenants.

Noncontrolling Interests

Noncontrolling Interests	6 Months Ended
	Jun. 30, 2016
Noncontrolling Interest [Abstract]
Noncontrolling Interests	NOTE 8. NONCONTROLLING INTERESTS Prologis, L.P. We report noncontrolling interests related to several entities we consolidate but of which we do not own 100% of the equity. These entities include two real estate partnerships that have issued limited partnership units to third parties. Depending on the specific partnership agreements, these limited partnership units are exchangeable into shares of the Parent’s common stock (or cash), generally at a rate of one share of common stock to one unit. We also consolidate several entities in which we do not own 100% of the equity and the units of the entity are not exchangeable into our common stock. As discussed in Note 1, the Parent has complete responsibility, power and discretion in the day-to-day management of the Operating Partnership. The Parent, through its majority interest, has the right to receive benefits from and incur losses of the Operating Partnership. In addition, the Operating Partnership does not have either substantive liquidation rights or substantive kick-out rights without cause or substantive participating rights that could be exercised by a simple majority of noncontrolling interests. The absence of such rights renders the Operating Partnership as a VIE. Accordingly, the Parent is the primary beneficiary of and consolidates the Operating Partnership. Prologis, Inc. The noncontrolling interests of the Parent include the noncontrolling interests presented in the Operating Partnership, as well as the common limited partnership units in the Operating Partnership that are not owned by the Parent. The following table summarizes our noncontrolling interests and the consolidated entity’s total assets and total liabilities at June 30, 2016, and December 31, 2015 (dollars in thousands): Our Ownership Percentage Noncontrolling Interests Total Assets Total Liabilities 2016 2015 2016 2015 2016 2015 2016 2015 Prologis U.S. Logistics Venture 55.0 % 55.0 % $ 2,503,427 $ 2,677,642 $ 6,403,355 $ 6,788,968 $ 833,478 $ 847,084 Prologis North American Industrial Fund (1) 66.1 % 66.1 % 490,683 490,444 2,598,937 2,619,241 1,142,989 1,165,617 Prologis Brazil Logistics Partners Fund I (1) (2) 50.0 % 50.0 % 59,679 49,313 127,140 100,836 433 192 Other consolidated entities (3) various various 100,416 102,828 922,539 985,188 41,396 42,811 Prologis, L.P. noncontrolling interests 3,154,205 3,320,227 10,051,971 10,494,233 2,018,296 2,055,704 Limited partners in Prologis, L.P. (4) (5) 416,638 432,674 - - - - Prologis, Inc. noncontrolling interests $ 3,570,843 $ 3,752,901 $ 10,051,971 $ 10,494,233 $ 2,018,296 $ 2,055,704 (1) These ventures are considered VIE’s under the new consolidation guidance discussed in Note 1. Based on our evaluation, the noncontrolling interests in these ventures do not hold substantive participating or kick-out rights and therefore as a group they lack the power to direct the significant activities of these ventures that most significantly impact the venture’s economic performance. We have both the power to direct the significant activities and the obligation to absorb losses and the rights to receive benefits from these ventures. As a result, we are the primary beneficiary of both ventures and consistent with prior reporting periods, we consolidate each venture within our financial statements. (2) The assets of Prologis Brazil Logistics Partners Fund I (“Brazil Fund”) are primarily investments in unconsolidated entities of $119.5 million and $103.1 million at June 30, 2016, and December 31, 2015, respectively. For additional information on our unconsolidated investments, see Note 4. (3) This line item includes our two partnerships that have issued limited partnership units to third parties, as discussed above, along with various other consolidated entities. At June 30, 2016, and December 31, 2015, limited partnership units were exchangeable into cash or, at our option, 1.8 million shares of the Parent’s common stock. (4) At June 30, 2016, and December 31, 2015, we had 8.9 million Class A Units that were convertible into 8.8 million common limited partnership units of the Operating Partnership. (5) At June 30, 2016, and December 31, 2015, excluding the Class A Units, there were common limited partnership units in the Operating Partnership that were exchangeable into cash or, at our option, 5.5 million shares and 6.4 million shares of the Parent’s common stock with a fair value of $271.9 million and $275.0 million, respectively, based on the closing stock price of the Parent’s common stock. In 2016, unitholders exchanged 0.9 million common limited partnership units into an equal number of shares of the Parent’s common stock with a value of $25.4 million. At June 30, 2016, and December 31, 2015, there were 2.1 million and 1.2 million LTIP Units (as defined in Note 9) outstanding, respectively, associated with our long-term compensation plan that are exchangeable into common units of the Operating Partnership and redeemable into the Parent’s common stock after they vest and other applicable conditions are met.

Long-Term Compensation

Long-Term Compensation	6 Months Ended
	Jun. 30, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Long-Term Compensation	NOTE 9. LONG-TERM COMPENSATION Prologis Outperformance Plan (“POP” formerly “OPP”) Generally, under the POP, in the event that our annualized total stockholders return (“TSR”) during the performance period exceeds the annualized total shareholder return of the Morgan Stanley Capital Index US REIT Index (“RMS”) by more than 100 basis points during the performance period, then a performance pool will be formed under the POP equal to 3% of our excess return to stockholders. The performance pool shall not exceed an amount equal to the greater of (i) $75,000,000 or (ii) 0.5% of our common equity market capitalization as calculated under the POP (the “Capitalization Cap”). Starting with the 2016 – 2018 performance period, if the relevant performance thresholds are met, participants can earn POP awards for their share of an aggregate performance pool up to $75,000,000. If earned, these POP awards will be paid after the end of the initial three-year performance period. If our levels of outperformance warrant an aggregate performance pool greater than $75,000,000, then participants can earn their share of the additional award amount in excess of $75,000,000 up to the Capitalization Cap (the “Excess Award Amount”) during the course of a three-year period after the end of the initial performance period. One-third of this Excess Award Amount can be earned at the end of each of the three years after the initial performance period, if our performance meets or exceeds the RMS in each of such three years. POP also has certain positive TSR requirements, which must be met before participants can be paid awards under POP. In addition, participants will not be able to sell or transfer any equity they receive as initial or excess POP awards until three years after the end of the initial performance period. If the performance criteria are not met, the POP participation points and the POP LTIP Units will be forfeited. Allocations of POP participation points for the 2016 – 2018 performance period were approved on June 3, 2016 and will be subject to certain modifications to the POP, as discussed above. We anticipate that the POP LTIP Units will be granted in the third quarter of 2016. The fair value of the award was $26.6 million at June 3, 2016 using a Monte Carlo valuation model that assumed a risk free interest rate of 0.99% and an expected volatility of 20.5%. Such points relate to a three-year performance period that began on January 1, 2016, and will end on December 31, 2018. At June 30, 2016, we also have POP points outstanding for the 2014 – 2016 and 2015 – 2017 performance periods under the POP that were not impacted by the modification. Prologis Promote Plan (“PPP”) A compensation pool was funded in 2015 associated with promotes earned from two of our co-investment ventures in the fourth quarter of 2015, at which time we accrued $4.7 million for the cash awards. In 2016, we granted 53,000 RSUs with a grant date fair value of $2.3 million and 114,000 LTIP Units with a grant date fair value of $4.9 million. Restricted Stock Units (“RSUs”) The following table summarizes the activity for RSUs for the six months ended June 30, 2016 (units in thousands): Number of Weighted Average Number of RSUs Grant-Date Fair Value RSUs Vested Balance at January 1, 2016 1,626 $ 42.21 109 Granted 806 Vested and distributed (774 ) Forfeited (31 ) Balance at June 30, 2016 1,627 $ 40.35 125 Operating Partnership Long-Term Incentive Plan Units (“LTIP Units”) The following table summarizes the activity for LTIP Units for the six months ended June 30, 2016 (units in thousands): Number of Weighted Average Number of LTIP Units Grant-Date Fair Value LTIP Units Vested Balance at January 1, 2016 1,244 $ 42.21 303 Granted 893 Balance at June 30, 2016 2,137 $ 40.45 691 Prologis Outperformance Plan Operating Partnership Long-Term Incentive Plan Units (“POP LTIP Units” formerly “OPP LTIP Units”) At June 30, 2016, 2.5 million POP LTIP Units were outstanding with respect to the 2014 – 2016 and 2015 – 2017 performance periods. The following table summarizes the activity for the POP LTIP Units for the six months ended June 30, 2016 (units in thousands): Number of POP LTIP Units Balance at January 1, 2016 3,464 Forfeited (927 ) Balance at June 30, 2016 2,537 Stock Options We have 3.4 million stock options outstanding and exercisable at June 30, 2016, with a weighted average exercise price of $33.50. No stock options were granted in 2016 or 2015.

Earnings Per Common Share or Un

Earnings Per Common Share or Unit	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Earnings Per Common Share or Unit	NOTE 10. EARNINGS PER COMMON SHARE OR UNIT We determine basic earnings per share or unit based on the weighted average number of shares of common stock or units outstanding during the period. We compute diluted earnings per share or unit based on the weighted average number of shares or units outstanding combined with the incremental weighted average effect from all outstanding potentially dilutive instruments. The computation of our basic and diluted earnings per share and unit (in thousands, except per share and unit amounts) is as follows: Three Months Ended Six Months Ended June 30, June 30, Prologis, Inc. 2016 2015 2016 2015 Net earnings attributable to common stockholders – Basic $ 275,383 $ 140,240 $ 483,424 $ 485,446 Net earnings attributable to exchangeable limited partnership units (1) 9,085 1,623 15,694 3,273 Gains, net of expenses, associated with exchangeable debt assumed exchanged (2) - - - (1,614 ) Adjusted net earnings attributable to common stockholders – Diluted $ 284,468 $ 141,863 $ 499,118 $ 487,105 Weighted average common shares outstanding – Basic (3) 524,842 523,476 524,540 518,791 Incremental weighted average effect on exchange of limited partnership units (1) 17,703 5,431 17,623 4,617 Incremental weighted average effect of equity awards 2,843 1,733 2,130 2,037 Incremental weighted average effect on exchangeable debt assumed exchanged (2) - - - 4,382 Weighted average common shares outstanding – Diluted (4) 545,388 530,640 544,293 529,827 Net earnings per share attributable to common stockholders: Basic $ 0.52 $ 0.27 $ 0.92 $ 0.94 Diluted $ 0.52 $ 0.27 $ 0.92 $ 0.92 Three Months Ended Six Months Ended June 30, June 30, Prologis, L.P. 2016 2015 2016 2015 Net earnings attributable to common unitholders $ 283,699 $ 141,538 $ 497,974 $ 488,026 Net earnings attributable to Class A convertible common unitholders (4,619 ) - (8,129 ) - Net earnings attributable to common unitholders – Basic $ 279,080 $ 141,538 $ 489,845 $ 488,026 Net earnings attributable to Class A convertible common unitholders 4,619 - 8,129 - Net earnings attributable to exchangeable limited partnership units 768 325 1,143 693 Gains, net of expenses, associated with exchangeable debt assumed exchanged (2) - - - (1,614 ) Adjusted net earnings attributable to common unitholders – Diluted $ 284,467 $ 141,863 $ 499,117 $ 487,105 Weighted average common partnership units outstanding – Basic (3) 531,912 527,071 531,507 521,548 Incremental weighted average effect on exchange of Class A convertible units 8,798 - 8,821 - Incremental weighted average effect on exchange of limited partnership units 1,835 1,836 1,835 1,860 Incremental weighted average effect of equity awards of Prologis, Inc. 2,843 1,733 2,130 2,037 Incremental weighted average effect on exchangeable debt assumed exchanged (2) - - - 4,382 Weighted average common partnership units outstanding – Diluted (4) 545,388 530,640 544,293 529,827 Net earnings per unit attributable to common unitholders: Basic $ 0.52 $ 0.27 $ 0.92 $ 0.94 Diluted $ 0.52 $ 0.27 $ 0.92 $ 0.92 (1) Earnings allocated to the exchangeable Operating Partnership units not held by the Parent has been included in the numerator and exchangeable Operating Partnership 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) In March 2015, we had exchangeable debt that was settled primarily through the issuance of common stock. The adjustment in 2015 assumes the exchange occurred on January 1, 2015. (3) The increase in shares and units between the periods is primarily due the at-the-market program activity in early 2015 and the conversion of exchangeable debt to shares and units in March 2015. (4) Our total potentially dilutive shares and units outstanding consisted of the following: Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Total weighted average potentially dilutive limited partnership units 10,633 1,836 10,656 1,860 Total potentially dilutive stock awards 7,176 7,456 6,854 7,408 Total weighted average potentially dilutive shares and units from exchangeable debt - - - 4,382 Total Prologis, L.P. 17,809 9,292 17,510 13,650 Limited partners in Prologis, L.P. 7,070 3,595 6,967 2,757 Total Prologis, Inc. 24,879 12,887 24,477 16,407

Financial Instruments and Fair

Financial Instruments and Fair Value Measurements	6 Months Ended
	Jun. 30, 2016
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Financial Instruments and Fair Value Measurements	NOTE 11. FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS Derivative Financial Instruments In the normal course of business, our operations are exposed to global market risks, including the effect of changes in foreign currency exchange rates and interest rates. To manage these risks, we may enter into various derivative contracts, such as foreign currency contracts to manage foreign currency exposure, and interest rate swaps to manage the effect of interest rate fluctuations. We do not use derivative financial instruments for trading or speculative purposes. All of our derivative financial instruments are customized derivative transactions and are not exchange-traded. Management reviews our hedging program, derivative positions and overall risk management strategy on a regular basis. We enter into only those transactions we believe will be highly effective at offsetting the underlying risk. There have been no significant changes in our policy or strategy from what was disclosed in our Annual Report on Form 10-K for the fiscal year ended December 31, 2015. The following table presents the fair value and classification of our derivative instruments (in thousands): June 30, 2016 December 31, 2015 Asset Liability Asset Liability Net investment hedges – Canadian dollar denominated $ - $ 2,633 $ - $ - Net investment hedges – pound sterling denominated 49,850 - 33,471 - Cash flow hedge foreign currency options – peso denominated - 135 - 88 Foreign currency options – Canadian dollar denominated (1) 584 766 3,324 - Foreign currency options – euro denominated (1) 2,761 2,198 11,711 84 Foreign currency options – pound sterling denominated (1) 14,644 - 4,241 745 Foreign currency options – yen denominated (1) 857 17,578 832 717 Interest rate hedges - 40,746 - 12,095 Total fair value of derivatives $ 68,696 $ 64,056 $ 53,579 $ 13,729 (1) As discussed below, these foreign currency options are not designated as hedges. Foreign Currency We primarily manage our foreign currency exposure by borrowing in the currencies in which we invest. We may issue debt in a currency that is not the same functional currency of the borrowing entity to offset the translation and economic exposures related to our net investment in international subsidiaries. To mitigate the impact of the translation from the fluctuations in exchange rates, we may designate this debt as a nonderivative financial instrument hedge. We also hedge our investments in certain international subsidiaries using foreign currency derivative contracts (net investment hedges) to offset the translation and economic exposures related to our investments in these subsidiaries by locking in a forward exchange rate at the inception of the hedge. To the extent we have an effective hedging relationship, we report all changes in fair value of the hedged portion of the nonderivative financial instruments and net investment hedges in equity in the foreign currency translation component of Accumulated Other Comprehensive Loss (“AOCI” ) AOCI Foreign Currency and Derivative Gains (Losses), Net We may use foreign currency option contracts, including puts, calls and collars to mitigate foreign currency exchange rate risk associated with the translation of our projected net operating income of our international subsidiaries. These are not designated as hedges as they do not meet hedge accounting requirements. Changes in the fair value of non-hedge designated derivatives are recorded directly in earnings within the line item Foreign Currency and Derivative Gains (Losses), Net AOCI The following tables summarize the activity in our foreign currency contracts for the six months ended June 30 (in millions, except for weighted average forward rates and number of active contracts): 2016 Foreign Currency Contracts Local Currency Net Investment Forward Contracts Forward and Option Contracts GBP JPY CAD EUR (1) GBP (1) (2) JPY (1) Other (1) Notional amounts at January 1 £ 238 ¥ - $ - € 275 £ 97 ¥ 12,840 New contracts 60 11,189 133 171 - 11,460 Matured or expired contracts (60 ) (11,189 ) - (75 ) (24 ) (3,120 ) Notional amounts at June 30 £ 238 ¥ - $ 133 € 371 £ 73 ¥ 21,180 Foreign Currency Contracts U.S. Dollar Net Investment Forward Contracts Forward and Option Contracts Notional amounts at January 1 $ 386 $ - $ - $ 310 $ 148 $ 109 $ 50 New contracts 85 99 100 192 - 108 15 Matured or expired contracts (100 ) (99 ) - (85 ) (36 ) (27 ) (15 ) Notional amounts at June 30 $ 371 $ - $ 100 $ 417 $ 112 $ 190 $ 50 Weighted average forward rate at June 30 1.56 - 1.33 1.13 1.53 112.00 - Active contracts at June 30 3 - 2 25 12 33 20 2015 Foreign Currency Contracts Local Currency Net Investment Forward Contracts Forward and Option Contracts (1) EUR GBP JPY EUR GBP JPY CAD Notional amounts at January 1 € 300 £ 238 ¥ 24,136 € 284 £ - ¥ - $ - New contracts - 118 43,373 198 126 12,740 49 Matured or expired contracts (300 ) (118 ) (67,509 ) (254 ) (53 ) (2,800 ) (7 ) Notional amounts at June 30 € - £ 238 ¥ - € 228 £ 73 ¥ 9,940 $ 42 Foreign Currency Contracts U.S. Dollar Net Investment Forward Contracts Forward and Option Contracts (1) Notional amounts at January 1 $ 400 $ 400 $ 250 $ 354 $ - $ - $ - New contracts - 186 353 224 188 109 40 Matured or expired contracts (400 ) (200 ) (603 ) (311 ) (79 ) (24 ) (6 ) Notional amounts at June 30 $ - $ 386 $ - $ 267 $ 109 $ 85 $ 34 (1) During the six months ended June 30, 2016, and 2015, we exercised 15 and 13 option contracts, respectively. We realized gains of $0.2 million and $1.9 million for the three and six months ended June 30, 2016, respectively, and gains of $4.0 million and $6.2 million for the three and six months ended June 30, 2015, respectively, in Foreign Currency and Derivative Gains (Losses), Net. (2) Included in our British pounds sterling denominated option contracts is one forward contract to sell British pounds sterling and buy euros. This forward has a notional amount of £6.0 million (€8.0 million) and was reported in this table using an exchange rate of $1.45 U.S. dollars to the euro. Interest Rate We may enter into interest rate swap agreements, which allow us to borrow on a fixed rate basis for longer-term debt issuances, or interest rate cap agreements, which allow us to minimize the impact of increases in interest rates. We may also enter into interest rate swap agreements that allow us to receive variable-rate amounts from a counterparty in exchange for us making fixed-rate payments over the life of our agreements without the exchange of the underlying notional amount. We report the effective portion of the gain or loss on the derivative as a component of AOCI Interest Expense Interest Expense At June 30, 2016, and December 31, 2015, we had seven interest rate swaps outstanding with a notional amount of $1.4 billion. We did not enter into or settle any interest rate swaps during the six months ended June 30, 2016. During the six months ended June 30, 2015, we entered into two contracts to effectively fix the interest rate on a term loan denominated in yen. In January 2016, the Bank of Japan introduced negative interest rates. As a result, our two Japanese yen denominated interest rate hedges related to the 2015 Japan term loan no longer qualified for hedge accounting due to a zero percent floor mismatch in the hedging relationship. These interest rate hedges were designated as cash flow hedges at December 31, 2015, and the change in fair value was recorded in Other Comprehensive Income Foreign Currency and Derivative Gains (Losses), Net. Other Comprehensive Income The change in Other Comprehensive Income The following table presents the gains and (losses) associated with the change in fair value for the effective portion of our derivative and nonderivative hedging instruments included in Other Comprehensive Income Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Derivative net investment hedges (1) $ 21,512 $ (28,984 ) $ 29,420 $ 34,194 Interest rate hedges (2) (2,672 ) (2,341 ) (13,790 ) (759 ) Cash flow hedges (31 ) - (34 ) - Our share of derivatives from unconsolidated co-investment ventures (3,223 ) 1,879 (7,994 ) 4,106 Total derivative instruments 15,586 (29,446 ) 7,602 37,541 Nonderivative net investment hedges (3) 91,416 (111,537 ) (69,773 ) 223,403 Total derivative and nonderivative hedging instruments $ 107,002 $ (140,983 ) $ (62,171 ) $ 260,944 (1) We received $15.9 million and $16.8 million for the three and six months ended June 30, 2016, respectively, upon the settlement of net investment hedges. We received $120.1 million and $121.5 million for the three and six months ended June 30, 2015, respectively, upon the settlement of net investment hedges. (2) The amounts reclassified to interest expense for the three and six months ended June 30, 2016, were $1.1 million and $2.1 million, respectively. The amounts reclassified to interest expense for the three and six months ended June 30, 2015, were not considered significant. For the next 12 months from June 30, 2016, we estimate an additional expense for $6.3 million will be reclassified to Interest Expense (3) At June 30, 2016, and December 31, 2015, we had €3.2 billion ($3.5 billion) of debt, net of accrued interest, for both periods, designated as nonderivative financial instrument hedges of our net investment in international subsidiaries. We recognized unrealized losses of $5.4 million and unrealized gains of $10.0 million in Foreign Currency and Derivative Gains (Losses), Net Fair Value Measurements We have estimated the fair value of our financial instruments using available market information and valuation methodologies we believe to be appropriate for these purposes. Considerable judgment and a high degree of subjectivity are involved in developing these estimates and, accordingly, they are not necessarily indicative of amounts that we would realize on disposition. There have been no significant changes in our policy or strategy from what was disclosed in our Annual Report on Form 10-K for the fiscal year ended December 31, 2015. Fair Value Measurements on a Recurring Basis At June 30, 2016, and December 31, 2015, other than the derivatives discussed previously, we did not have any significant financial assets or financial liabilities that were measured at fair value on a recurring basis in the Consolidated Financial Statements. All of our derivatives held at June 30, 2016, and December 31, 2015, were classified as Level 2 of the fair value hierarchy. Fair Value Measurements on Nonrecurring Basis No assets met the criteria to be measured at fair value on a nonrecurring basis at June 30, 2016, or December 31, 2015. Fair Value of Financial Instruments At June 30, 2016, and December 31, 2015, the carrying amounts of certain financial instruments, including cash and cash equivalents, restricted cash, accounts and notes receivable, accounts payable and accrued expenses were representative of their fair values because of the short-term nature of these instruments. The differences in the fair value of our debt from the carrying value in the table below are the result of differences in interest rates or borrowing spreads that were available to us at June 30, 2016, and December 31, 2015, as compared with those in effect when the debt was issued or assumed, including reduced borrowing spreads due to our improved credit ratings. The senior notes and many of the issues of secured mortgage debt contain pre-payment penalties or yield maintenance provisions that could make the cost of refinancing the debt at lower rates exceed the benefit that would be derived from doing so. The following table reflects the carrying amounts and estimated fair values of our debt (in thousands): June 30, 2016 December 31, 2015 Carrying Value Fair Value Carrying Value Fair Value Credit Facilities $ - $ - $ - $ - Senior notes 6,603,070 7,234,087 6,516,392 6,801,118 Term loans and other 1,844,717 1,877,264 2,115,457 2,128,270 Secured mortgages 901,071 996,779 1,172,473 1,262,778 Secured mortgages of consolidated entities 1,790,557 1,804,180 1,822,509 1,825,361 Total debt $ 11,139,415 $ 11,912,310 $ 11,626,831 $ 12,017,527

Business Segments

Business Segments	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Business Segments	NOTE 12. BUSINESS SEGMENTS Our current business strategy consists of two operating segments: Real Estate Operations and Strategic Capital. We generate revenues, earnings, net operating income and cash flows through our segments, as follows: · Real Estate Operations. This operating segment represents the ownership and development of industrial operating properties and is the largest component of our revenue and earnings. We collect rent from our customers through operating leases, including reimbursements for the majority of our property operating costs. Each operating property is considered to be an individual operating segment with similar economic characteristics; these properties are combined within the reportable segment based on geographic location. Our Real Estate Operations segment also includes development activities that lead to rental operations, including land held for development and properties currently under development. Within this line of business, we capitalize on the following: (i) the land that we currently own; (ii) the development expertise of our local teams; (iii) our global customer relationships; and (iv) our in-depth knowledge of global demand for high-quality logistics facilities. Land we own and lease to customers under ground leases is also included in this segment. · Strategic Capital. This operating segment represents the management of unconsolidated co-investment ventures. We generate strategic capital revenues from our unconsolidated co-investment ventures through asset management and property management services and we earn additional revenues by providing leasing, acquisition, construction, development, financing and disposition services. Depending on the structure of the venture and the returns provided to our partners, we also earn revenues through promotes during the life of a venture or upon liquidation. Each unconsolidated co-investment venture we manage is considered to be an individual operating segment with similar economic characteristics; these ventures are combined within the reportable segment based on geographic location. Reconciliations are presented below for: (i) each reportable business segment’s revenue from external customers to Total Revenues Earnings Before Income Taxes Total Assets Total Revenues, Earnings Before Income Taxes Total Assets Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Revenues: Real estate operations: U.S. $ 501,707 $ 418,494 $ 1,012,864 $ 794,692 Other Americas 15,083 13,835 29,039 28,267 Europe 19,540 16,681 36,329 35,450 Asia 14,503 14,348 29,235 25,771 Total Real Estate Operations segment 550,833 463,358 1,107,467 884,180 Strategic capital: U.S. 9,580 10,103 18,936 19,460 Other Americas 5,693 7,013 11,058 12,582 Europe 25,519 21,001 47,788 39,394 Asia 10,530 8,929 23,206 17,635 Total Strategic Capital segment 51,322 47,046 100,988 89,071 Total revenues $ 602,155 $ 510,404 $ 1,208,455 $ 973,251 Net operating income: Real estate operations: U.S. $ 369,785 $ 278,128 $ 745,503 $ 537,706 Other Americas 10,517 8,930 18,731 18,773 Europe 15,335 10,143 26,954 21,081 Asia 10,571 10,210 20,388 18,003 Total Real Estate Operations segment 406,208 307,411 811,576 595,563 Strategic capital: U.S. 827 1,429 2,536 3,009 Other Americas 3,052 4,825 6,167 7,758 Europe 18,443 14,330 33,749 26,125 Asia 1,134 1,515 5,377 2,050 Total Strategic Capital segment 23,456 22,099 47,829 38,942 Total segment net operating income 429,664 329,510 859,405 634,505 Reconciling items: General and administrative expenses (56,934 ) (51,974 ) (107,477 ) (103,280 ) Depreciation and amortization expenses (230,382 ) (190,188 ) (480,382 ) (359,996 ) Earnings from unconsolidated entities, net 41,454 41,784 99,765 72,826 Interest expense (76,455 ) (68,902 ) (157,267 ) (137,663 ) Interest and other income, net 1,527 1,847 4,118 12,896 Gains on dispositions of investments in real estate, net 200,350 108,782 344,667 386,497 Foreign currency and derivative gains (losses), net (10,335 ) (25,512 ) (24,546 ) 9,054 Gains (losses) on early extinguishment of debt, net 2,044 (236 ) 992 (16,525 ) Total reconciling items (128,731 ) (184,399 ) (320,130 ) (136,191 ) Earnings before income taxes $ 300,933 $ 145,111 $ 539,275 $ 498,314 June 30, December 31, 2016 2015 Assets: Real estate operations: U.S. $ 21,377,414 $ 22,030,457 Other Americas 1,023,165 919,381 Europe 1,424,352 1,291,991 Asia 1,351,964 1,157,401 Total Real Estate Operations segment 25,176,895 25,399,230 Strategic capital: U.S. 18,727 19,363 Europe 49,636 49,960 Asia 1,909 2,005 Total Strategic Capital segment 70,272 71,328 Total segment assets 25,247,167 25,470,558 Reconciling items: Investments in and advances to unconsolidated entities 4,483,804 4,755,620 Assets held for sale or contribution 393,434 378,423 Notes receivable backed by real estate 33,800 235,050 Cash and cash equivalents 332,221 264,080 Other assets 255,508 291,036 Total reconciling items 5,498,767 5,924,209 Total assets $ 30,745,934 $ 31,394,767

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	6 Months Ended
	Jun. 30, 2016
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	NOTE 13. SUPPLEMENTAL CASH FLOW INFORMATION Our significant noncash investing and financing activities for the six months ended June 30, 2016, and 2015 included the following: · We capitalized $13.3 million and $11.5 million in 2016 and 2015, respectively, of equity-based compensation expense resulting from our development and leasing activities. · In 2016, unitholders exchanged 0.9 million common limited partnership units into an equal number of shares of the Parent’s common stock as disclosed in Note 8. · See Note 2 for information related to the KTR acquisition in May 2015. · We received notes backed by real estate in 2015 that were repaid in 2016 as disclosed in Note 6. · During the second quarter of 2015, we received $50.2 million of ownership interests in certain unconsolidated entities and $16.3 million of a note receivable as a portion of our proceeds from the contribution of properties to these entities. · Holders of our exchangeable senior notes exchanged the majority of their notes into common stock of the Parent in 2015 as disclosed in Note 7. We paid $197.9 million and $185.4 million of interest in cash, net of amounts capitalized, for the six months ended June 30, 2016, and 2015, respectively. We paid $14.4 million and $12.0 million for income taxes, net of refunds, for the six months ended June 30, 2016, and 2015, respectively.

General (Policies)

General (Policies)	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation. The accompanying Consolidated Financial Statements are prepared in accordance with United States (“U.S.”) generally accepted accounting principles (“GAAP”) and are presented in our reporting currency, the U.S. dollar. All material intercompany transactions with consolidated entities have been eliminated. The accompanying unaudited interim financial information has been prepared according to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in our annual financial statements prepared in accordance with GAAP have been condensed or omitted in accordance with such rules and regulations. Our management believes that the disclosures presented in these financial statements are adequate to make the information presented not misleading. In our opinion, all adjustments and eliminations, consisting only of normal recurring adjustments, necessary to present fairly the financial position and results of operations for both the Parent and the Operating Partnership for the reported periods have been included. The results of operations for such interim periods are not necessarily indicative of the results for the full year. The accompanying unaudited interim financial information should be read in conjunction with our Annual Report on Form 10-K for the fiscal year ended December 31, 2015, as filed with the SEC, and other public information. Certain amounts included in the accompanying Consolidated Financial Statements for 2015 have been reclassified to conform to the 2016 financial statement presentation.
Recent Accounting Pronouncements	New Accounting Pronouncements. In March 2016, the Financial Accounting Standards Board (“FASB”) issued an accounting standard update that amends the stock compensation requirements in existing GAAP. The update simplifies certain aspects of accounting for share-based payment transactions, including income tax consequences, statutory tax withholding requirements, forfeitures and classification in the statement of cash flows. It is effective for annual and interim reporting periods beginning after December 15, 2016, but early adoption is permitted. We are currently evaluating the impact the adoption of this standard will have on the Consolidated Financial Statements. In March 2016, the FASB issued an accounting standard update that amends the leasing standards in existing GAAP. Under the update, companies that lease assets will be required to recognize on their balance sheets the assets and liabilities for the rights and obligations created by leases with a term greater than 12 months. This will have the effect of recognizing substantially all operating leases on the balance sheet. The accounting for companies that own assets that are leased, such as Prologis, will remain largely unchanged from current GAAP. It is effective for annual and interim reporting periods beginning after December 15, 2018, but early adoption is permitted. We are currently evaluating the impact the adoption of this standard will have on the Consolidated Financial Statements. In February 2015, the FASB issued an accounting standard update that amends the consolidation requirements in existing GAAP. Under the update, all entities, including limited partnerships and similar legal entities, are now within the scope of consolidation guidance, unless a scope exception applies. We adopted this standard on a modified retrospective basis on January 1, 2016, and the adoption did not have a material effect on the Consolidated Financial Statements, however the Operating Partnership and certain of our consolidated co-investment ventures now qualify as VIEs under the new guidance, which required additional disclosures. See Note 8 for additional information about our VIEs. In May 2014, the FASB issued an accounting standard update that requires companies to use a five step model to determine when to recognize revenue from customer contracts in an effort to increase consistency and comparability throughout global capital markets and across industries. Under the model, a company will identify the contract, identify any separate performance obligations in the contract, determine the transaction price, allocate the transaction price and recognize revenue when the performance obligation is satisfied. It is effective for annual and interim reporting periods beginning after December 15, 2017, with earlier adoption permitted, but not before the original effective date of December 15, 2016. We are currently evaluating the impact the adoption of this standard will have on the Consolidated Financial Statements.

Business Combination (Tables)

Business Combination (Tables)	6 Months Ended
	Jun. 30, 2016
Business Acquisition [Line Items]
Schedule of Unaudited Pro Forma Financial Information	The following amounts are in thousands, except per share amounts: Three Months Ended Six Months Ended June 30, 2015 June 30, 2015 Total revenues $ 576,055 $ 1,134,918 Net earnings attributable to common stockholders $ 153,582 $ 498,791 Net earnings per share attributable to common stockholders – Basic $ 0.29 $ 0.96 Net earnings per share attributable to common stockholders – Diluted $ 0.29 $ 0.95
KTR Capital Partners and Affiliates [Member]
Business Acquisition [Line Items]
Allocation of Purchase Price	The allocation of the purchase price was as follows (in thousands): Investments in real estate properties $ 5,441,384 Intangible assets, net of intangible liabilities 332,708 Accounts receivable and other assets 8,062 Debt, including premium (735,172 ) Accounts payable, accrued expenses and other liabilities (56,313 ) Total estimated purchase price 4,990,669 Our venture partner’s share of purchase price (2,253,234 ) Common limited partnership units issued in the Operating Partnership (181,170 ) Prologis share of cash purchase price $ 2,556,265

Real Estate (Tables)

Real Estate (Tables)	6 Months Ended
	Jun. 30, 2016
Real Estate [Abstract]
Investments in Real Estate Properties	Investments in real estate properties consisted of the following (dollars and square feet in thousands): Square Feet and Acres (1) Number of Buildings (1) June 30, December 31, June 30, December 31, June 30, December 31, 2016 2015 2016 2015 2016 2015 Industrial operating properties: Improved land - - - - - - - - $ 5,945,476 $ 5,874,052 Buildings and improvements 333,647 333,830 1,825 1,872 17,967,859 17,861,693 Development portfolio, including land costs: Prestabilized 9,429 12,598 22 28 856,407 918,099 Properties under development 16,591 19,630 60 63 914,364 954,804 Land 7,013 7,404 - - - - 1,322,214 1,359,794 Other real estate investments (2) 550,090 552,926 Total investments in real estate properties 27,556,410 27,521,368 Less accumulated depreciation 3,521,198 3,274,284 Net investments in real estate properties $ 24,035,212 $ 24,247,084 (1) Items indicated by ‘- -‘ are not applicable. (2) Included in other real estate investments are: (i) certain non-industrial real estate; (ii) land parcels that are ground leased to third parties; (iii) our corporate office buildings; (iv) earnest money deposits associated with potential acquisitions; (v) infrastructure costs related to projects we are developing on behalf of others; and (vi) costs related to future development projects, including purchase options on land.
Summary of Properties Acquired	The following table summarizes our real estate acquisition activity for the six months ended June 30 (dollars and square feet in thousands): 2016 2015 Acquisitions of operating properties from third parties Number of industrial operating properties 6 10 Square feet 889 1,444 Real estate acquisition value $ 70,045 $ 133,610
Summary of Properties Disposed	The following table summarizes our real estate disposition activity for the six months ended June 30 (dollars and square feet in thousands): 2016 2015 Contributions to unconsolidated co-investment ventures Number of properties 10 16 Square feet 4,019 4,566 Net proceeds $ 463,700 $ 418,485 Net gains on contributions $ 103,590 $ 63,686 Dispositions to third parties Number of properties 99 50 Square feet 10,565 5,366 Net proceeds (1) $ 889,607 $ 736,120 Net gains on dispositions (1) $ 154,462 $ 322,811 Total net gains on contributions and dispositions $ 258,052 $ 386,497 Gains on redemption of investment in co-investment ventures (2) 86,615 - Total gains on dispositions of investments in real estate, net $ 344,667 $ 386,497 (1) Includes the disposition of land parcels and our investment in an unconsolidated joint venture. (2) See Note 4 for more information about these transactions.

Unconsolidated Entities (Tables

Unconsolidated Entities (Tables)	6 Months Ended
	Jun. 30, 2016
Schedule Of Equity Method Investments [Line Items]
Summary of Investments in and Advances Unconsolidated Entities	The following table summarizes our investments in and advances to our unconsolidated entities (in thousands): June 30, December 31, 2016 2015 Unconsolidated co-investment ventures $ 4,328,459 $ 4,585,427 Other ventures 155,345 170,193 Totals $ 4,483,804 $ 4,755,620
Summary of Amounts Recognized in Consolidated Statements of Income Related to Co-Investment Ventures	The following table summarizes the amounts we recognized in the Consolidated Statements of Income related to the unconsolidated co-investment ventures (in thousands) Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Earnings from unconsolidated co-investment ventures, net: U.S. $ 718 $ 669 $ 7,377 $ 961 Other Americas 7,509 9,091 12,808 13,597 Europe 29,014 27,306 60,593 48,814 Asia 3,693 3,785 7,348 7,715 Total earnings from unconsolidated co-investment ventures, net $ 40,934 $ 40,851 $ 88,126 $ 71,087 Strategic capital revenue and other revenue: U.S. $ 9,179 $ 9,601 $ 18,174 $ 18,161 Other Americas 5,693 7,013 11,058 12,814 Europe 25,428 21,001 47,447 39,394 Asia 10,448 8,856 23,047 17,405 Total strategic capital revenue 50,748 46,471 99,726 87,774 Development management and other revenue 2,787 1,546 4,348 3,186 Total strategic capital revenue and other revenue $ 53,535 $ 48,017 $ 104,074 $ 90,960
Summary of Remaining Equity Commitments	The following table summarizes the remaining equity commitments at June 30, 2016 (in millions): Equity Commitments Expiration Date for Remaining Commitments Prologis Venture Partners Total Prologis Targeted U.S. Logistics Fund $ - $ 214 $ 214 2016 - 2017 Prologis Targeted Europe Logistics Fund (1) - 479 479 2016 - 2017 Prologis China Logistics Venture (2) 301 1,708 2,009 2016 - 2017 Totals $ 301 $ 2,401 $ 2,702 (1) Equity commitments are denominated in euro and reported in U.S. dollars based on an exchange rate of $1.11 U.S. dollars to the euro. (2) In January 2016, we reached an agreement with our partner in this venture to increase the equity commitments by $882.4 million, of which our share is $132.4 million, to fund future developments in China.
Unconsolidated Co-Investment Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Summary of Investments in and Advances Unconsolidated Entities	The following tables summarize these unconsolidated co-investment ventures: June 30, December 31, June 30, (dollars and square feet in millions) 2016 2015 2015 U.S.: Number of ventures 1 1 1 Number of properties owned 379 391 399 Square feet 49 50 51 Total assets $ 4,228 $ 4,408 $ 4,405 Third-party debt $ 1,425 $ 1,433 $ 1,509 Total liabilities $ 1,504 $ 1,550 $ 1,589 Our investment balance (1) (3) $ 518 $ 690 $ 697 Our weighted average ownership (2) (3) 17.6 % 22.5 % 23.1 % Other Americas: Number of ventures 2 2 2 Number of properties owned 209 205 201 Square feet 41 39 38 Total assets $ 2,694 $ 2,482 $ 2,509 Third-party debt $ 677 $ 657 $ 572 Total liabilities $ 772 $ 708 $ 624 Our investment balance (1) $ 848 $ 786 $ 827 Our weighted average ownership (2) 43.6 % 43.8 % 43.2 % Europe: Number of ventures 4 4 4 Number of properties owned 690 688 669 Square feet 160 159 155 Total assets $ 11,188 $ 11,343 $ 11,427 Third-party debt $ 2,566 $ 2,640 $ 2,533 Total liabilities $ 3,521 $ 3,584 $ 3,484 Our investment balance (1) (3) $ 2,464 $ 2,707 $ 2,844 Our weighted average ownership (2) (3) 36.2 % 38.9 % 39.4 % Asia: Number of ventures 2 2 2 Number of properties owned 77 66 56 Square feet 34 29 27 Total assets $ 5,346 $ 4,320 $ 4,203 Third-party debt $ 1,952 $ 1,520 $ 1,701 Total liabilities $ 2,250 $ 1,751 $ 1,946 Our investment balance (1) $ 498 $ 402 $ 359 Our weighted average ownership (2) 15.0 % 15.0 % 15.0 % Total: Number of ventures 9 9 9 Number of properties owned 1,355 1,350 1,325 Square feet 284 277 271 Total assets $ 23,456 $ 22,553 $ 22,544 Third-party debt $ 6,620 $ 6,250 $ 6,315 Total liabilities $ 8,047 $ 7,593 $ 7,643 Our investment balance (1) $ 4,328 $ 4,585 $ 4,727 Our weighted average ownership (2) 28.8 % 31.6 % 32.0 % Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2016 2015 2016 2015 U.S.: Revenues $ 98,009 $ 93,825 $ 195,970 $ 187,370 Net operating income (4) 69,848 66,179 138,142 130,150 Net earnings 5,285 3,771 35,860 5,803 Other Americas: Revenues $ 59,669 $ 61,013 $ 116,083 $ 117,482 Net operating income (4) 51,018 51,208 99,851 99,320 Net earnings 19,451 24,374 33,349 38,242 Europe: Revenues $ 247,264 $ 230,145 $ 491,583 $ 464,858 Net operating income (4) 192,696 181,094 381,673 361,926 Net earnings 68,567 67,484 141,399 118,443 Asia: Revenues $ 86,412 $ 68,260 $ 162,262 $ 136,178 Net operating income (4) 67,083 52,747 126,347 105,981 Net earnings 21,773 22,230 43,849 45,620 Total: Revenues $ 491,354 $ 453,243 $ 965,898 $ 905,888 Net operating income (4) $ 380,645 $ 351,228 $ 746,013 $ 697,377 Net earnings $ 115,076 $ 117,859 $ 254,457 $ 208,108 (1) The difference between our ownership interest of a venture’s equity and our investment balance, at June 30, 2016 and December 31, 2015, results principally from three types of transactions: (i) deferring a portion of the gains we recognize from a contribution of a property to a venture ($429.7 million and $430.7 million, respectively); (ii) recording additional costs associated with our investment in a venture ($123.9 million and $122.1 million, respectively); and (iii) advances to a venture ($165.2 million and $189.7 million, respectively). Included in the advances to our ventures at June 30, 2016 and December 31, 2015 were receivables from Nippon Prologis REIT, Inc. (“NPR”) of $109.5 million and $85.2 million, respectively, related to customer security deposits that originated through a leasing company owned by us that pertain to properties owned by NPR. We have a corresponding payable to NPR’s customers in Other Liabilities. (2) Represents our weighted average ownership interest in all co-investment ventures based on each entity’s contribution of total assets, before depreciation, net of other liabilities. (3) In April 2016, we redeemed a portion of our investment in Prologis Targeted European Logistics Fund (“PTELF”) and Prologis Targeted U.S. Logistics Fund (“USLF”) for €185.0 million ($210.6 million) and $200.0 million, respectively, and recorded a gain of $86.6 million, which is included in Gains on the Dispositions of Investments in Real Estate, Net Return of Investment from Unconsolidated Entities. In June 2016, we submitted additional redemption requests for €90.0 million ($99.9 million at June 30, 2016) and $100 million in PTELF and USLF, respectively. We expect the requests to close in the second half of 2016 and they will be fulfilled by other investors so our ownership percentage will decrease. (4) Net operating income represents rental revenues less rental expenses.

Assets Held for Sale or Contr26

Assets Held for Sale or Contribution (Tables)	6 Months Ended
	Jun. 30, 2016
Real Estate Assets Held For Development And Sale [Abstract]
Summary of Assets Held for Sale or Contribution	Assets held for sale or contribution consisted of the following (dollars and square feet in thousands): June 30, December 31, 2016 2015 Number of operating properties 20 17 Square feet 5,862 5,065 Total assets held for sale or contribution $ 393,434 $ 378,423 Total liabilities associated with assets held for sale or contribution – included in Other Liabilities $ 6,726 $ 6,874

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Debt Summary	The following table summarizes our debt (dollars in thousands): June 30, 2016 December 31, 2015 Weighted Average Interest Rate (1) Amount Outstanding (2) Weighted Average Interest Rate (1) Amount Outstanding Credit facilities - $ - - $ - Senior notes 3.3 % 6,603,070 3.3 % 6,516,392 Term loans 1.9 % 1,829,787 2.1 % 2,100,009 Other 6.2 % 14,930 6.2 % 15,448 Secured mortgages 5.3 % 901,071 5.1 % 1,172,473 Secured mortgages of consolidated entities 3.0 % 1,790,557 2.9 % 1,822,509 Totals 3.2 % $ 11,139,415 3.2 % $ 11,626,831 (1) The interest rates presented represent the effective interest rates (including amortization of debt issuance costs and the noncash premiums or discounts) at the end of the period for debt outstanding. (2) Included in the outstanding balances are borrowings denominated in non-U.S. dollars, principally: euro ($3.5 billion), Japanese yen ($1.3 billion) and Canadian dollars ($436.0 million).
Credit Facilities	The following table summarizes information about our Credit Facilities at June 30, 2016 (in thousands): Aggregate lender commitments $ 3,455,604 Less: Borrowings outstanding - Outstanding letters of credit 38,534 Current availability $ 3,417,070
Long-Term Debt Maturities	Principal payments due on our debt, for the remainder of 2016 and for each of the years in the period ending December 31, 2025, and thereafter were as follows at June 30, 2016 (in millions): Prologis Unsecured Credit Senior Term Loans and Secured Mortgage Consolidated Entities’ Total Consolidated Maturity Facilities Notes Other Debt Debt Total Debt Debt 2016 (1) $ - $ - $ 1 $ 14 $ 15 $ 6 $ 21 2017 (2) - - 522 8 530 514 1,044 2018 - 175 1 167 343 403 746 2019 - 618 1 319 938 143 1,081 2020 - 877 1 59 937 252 1,189 2021 - 1,277 399 14 1,690 128 1,818 2022 - 777 632 10 1,419 154 1,573 2023 - 850 288 33 1,171 142 1,313 2024 - 777 1 132 910 1 911 2025 - 750 1 139 890 1 891 Thereafter - 555 7 - 562 2 564 Subtotal - 6,656 1,854 895 9,405 1,746 11,151 Unamortized premiums (discounts), net - (22 ) - 11 (11 ) 49 38 Unamortized debt issuance costs, net - (31 ) (9 ) (5 ) (45 ) (5 ) (50 ) Totals $ - $ 6,603 $ 1,845 $ 901 $ 9,349 $ 1,790 $ 11,139 (1) We expect to repay the amounts maturing in 2016 with cash generated from operations, proceeds from the dispositions of wholly owned real estate properties or, as necessary, with borrowings on our Credit Facilities. (2) Included in the 2017 maturities is a term loan that can be extended until 2019.

Noncontrolling Interests (Table

Noncontrolling Interests (Tables)	6 Months Ended
	Jun. 30, 2016
Noncontrolling Interest [Abstract]
Noncontrolling Interests Summary	The following table summarizes our noncontrolling interests and the consolidated entity’s total assets and total liabilities at June 30, 2016, and December 31, 2015 (dollars in thousands): Our Ownership Percentage Noncontrolling Interests Total Assets Total Liabilities 2016 2015 2016 2015 2016 2015 2016 2015 Prologis U.S. Logistics Venture 55.0 % 55.0 % $ 2,503,427 $ 2,677,642 $ 6,403,355 $ 6,788,968 $ 833,478 $ 847,084 Prologis North American Industrial Fund (1) 66.1 % 66.1 % 490,683 490,444 2,598,937 2,619,241 1,142,989 1,165,617 Prologis Brazil Logistics Partners Fund I (1) (2) 50.0 % 50.0 % 59,679 49,313 127,140 100,836 433 192 Other consolidated entities (3) various various 100,416 102,828 922,539 985,188 41,396 42,811 Prologis, L.P. noncontrolling interests 3,154,205 3,320,227 10,051,971 10,494,233 2,018,296 2,055,704 Limited partners in Prologis, L.P. (4) (5) 416,638 432,674 - - - - Prologis, Inc. noncontrolling interests $ 3,570,843 $ 3,752,901 $ 10,051,971 $ 10,494,233 $ 2,018,296 $ 2,055,704 (1) These ventures are considered VIE’s under the new consolidation guidance discussed in Note 1. Based on our evaluation, the noncontrolling interests in these ventures do not hold substantive participating or kick-out rights and therefore as a group they lack the power to direct the significant activities of these ventures that most significantly impact the venture’s economic performance. We have both the power to direct the significant activities and the obligation to absorb losses and the rights to receive benefits from these ventures. As a result, we are the primary beneficiary of both ventures and consistent with prior reporting periods, we consolidate each venture within our financial statements. (2) The assets of Prologis Brazil Logistics Partners Fund I (“Brazil Fund”) are primarily investments in unconsolidated entities of $119.5 million and $103.1 million at June 30, 2016, and December 31, 2015, respectively. For additional information on our unconsolidated investments, see Note 4. (3) This line item includes our two partnerships that have issued limited partnership units to third parties, as discussed above, along with various other consolidated entities. At June 30, 2016, and December 31, 2015, limited partnership units were exchangeable into cash or, at our option, 1.8 million shares of the Parent’s common stock. (4) At June 30, 2016, and December 31, 2015, we had 8.9 million Class A Units that were convertible into 8.8 million common limited partnership units of the Operating Partnership. (5) At June 30, 2016, and December 31, 2015, excluding the Class A Units, there were common limited partnership units in the Operating Partnership that were exchangeable into cash or, at our option, 5.5 million shares and 6.4 million shares of the Parent’s common stock with a fair value of $271.9 million and $275.0 million, respectively, based on the closing stock price of the Parent’s common stock. In 2016, unitholders exchanged 0.9 million common limited partnership units into an equal number of shares of the Parent’s common stock with a value of $25.4 million. At June 30, 2016, and December 31, 2015, there were 2.1 million and 1.2 million LTIP Units (as defined in Note 9) outstanding, respectively, associated with our long-term compensation plan that are exchangeable into common units of the Operating Partnership and redeemable into the Parent’s common stock after they vest and other applicable conditions are met.

Long-Term Compensation (Tables)

Long-Term Compensation (Tables)	6 Months Ended
	Jun. 30, 2016
RSU and PSA [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock Options, RSU and Performance Share Awards	The following table summarizes the activity for RSUs for the six months ended June 30, 2016 (units in thousands): Number of Weighted Average Number of RSUs Grant-Date Fair Value RSUs Vested Balance at January 1, 2016 1,626 $ 42.21 109 Granted 806 Vested and distributed (774 ) Forfeited (31 ) Balance at June 30, 2016 1,627 $ 40.35 125
Restricted Operating Partnership Units [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock Options, RSU and Performance Share Awards	The following table summarizes the activity for LTIP Units for the six months ended June 30, 2016 (units in thousands): Number of Weighted Average Number of LTIP Units Grant-Date Fair Value LTIP Units Vested Balance at January 1, 2016 1,244 $ 42.21 303 Granted 893 Balance at June 30, 2016 2,137 $ 40.45 691
POP LTIP Units [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock Options, RSU and Performance Share Awards	The following table summarizes the activity for the POP LTIP Units for the six months ended June 30, 2016 (units in thousands): Number of POP LTIP Units Balance at January 1, 2016 3,464 Forfeited (927 ) Balance at June 30, 2016 2,537

Earnings Per Common Share or 30

Earnings Per Common Share or Unit (Tables)	6 Months Ended
	Jun. 30, 2016
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) is as follows: Three Months Ended Six Months Ended June 30, June 30, Prologis, Inc. 2016 2015 2016 2015 Net earnings attributable to common stockholders – Basic $ 275,383 $ 140,240 $ 483,424 $ 485,446 Net earnings attributable to exchangeable limited partnership units (1) 9,085 1,623 15,694 3,273 Gains, net of expenses, associated with exchangeable debt assumed exchanged (2) - - - (1,614 ) Adjusted net earnings attributable to common stockholders – Diluted $ 284,468 $ 141,863 $ 499,118 $ 487,105 Weighted average common shares outstanding – Basic (3) 524,842 523,476 524,540 518,791 Incremental weighted average effect on exchange of limited partnership units (1) 17,703 5,431 17,623 4,617 Incremental weighted average effect of equity awards 2,843 1,733 2,130 2,037 Incremental weighted average effect on exchangeable debt assumed exchanged (2) - - - 4,382 Weighted average common shares outstanding – Diluted (4) 545,388 530,640 544,293 529,827 Net earnings per share attributable to common stockholders: Basic $ 0.52 $ 0.27 $ 0.92 $ 0.94 Diluted $ 0.52 $ 0.27 $ 0.92 $ 0.92 Three Months Ended Six Months Ended June 30, June 30, Prologis, L.P. 2016 2015 2016 2015 Net earnings attributable to common unitholders $ 283,699 $ 141,538 $ 497,974 $ 488,026 Net earnings attributable to Class A convertible common unitholders (4,619 ) - (8,129 ) - Net earnings attributable to common unitholders – Basic $ 279,080 $ 141,538 $ 489,845 $ 488,026 Net earnings attributable to Class A convertible common unitholders 4,619 - 8,129 - Net earnings attributable to exchangeable limited partnership units 768 325 1,143 693 Gains, net of expenses, associated with exchangeable debt assumed exchanged (2) - - - (1,614 ) Adjusted net earnings attributable to common unitholders – Diluted $ 284,467 $ 141,863 $ 499,117 $ 487,105 Weighted average common partnership units outstanding – Basic (3) 531,912 527,071 531,507 521,548 Incremental weighted average effect on exchange of Class A convertible units 8,798 - 8,821 - Incremental weighted average effect on exchange of limited partnership units 1,835 1,836 1,835 1,860 Incremental weighted average effect of equity awards of Prologis, Inc. 2,843 1,733 2,130 2,037 Incremental weighted average effect on exchangeable debt assumed exchanged (2) - - - 4,382 Weighted average common partnership units outstanding – Diluted (4) 545,388 530,640 544,293 529,827 Net earnings per unit attributable to common unitholders: Basic $ 0.52 $ 0.27 $ 0.92 $ 0.94 Diluted $ 0.52 $ 0.27 $ 0.92 $ 0.92 (1) Earnings allocated to the exchangeable Operating Partnership units not held by the Parent has been included in the numerator and exchangeable Operating Partnership 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) In March 2015, we had exchangeable debt that was settled primarily through the issuance of common stock. The adjustment in 2015 assumes the exchange occurred on January 1, 2015. (3) The increase in shares and units between the periods is primarily due the at-the-market program activity in early 2015 and the conversion of exchangeable debt to shares and units in March 2015. (4) Our total potentially dilutive shares and units outstanding consisted of the following: Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Total weighted average potentially dilutive limited partnership units 10,633 1,836 10,656 1,860 Total potentially dilutive stock awards 7,176 7,456 6,854 7,408 Total weighted average potentially dilutive shares and units from exchangeable debt - - - 4,382 Total Prologis, L.P. 17,809 9,292 17,510 13,650 Limited partners in Prologis, L.P. 7,070 3,595 6,967 2,757 Total Prologis, Inc. 24,879 12,887 24,477 16,407

Financial Instruments and Fai31

Financial Instruments and Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2016
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Schedule of Fair Value and Classification of Derivative Instruments	The following table presents the fair value and classification of our derivative instruments (in thousands): June 30, 2016 December 31, 2015 Asset Liability Asset Liability Net investment hedges – Canadian dollar denominated $ - $ 2,633 $ - $ - Net investment hedges – pound sterling denominated 49,850 - 33,471 - Cash flow hedge foreign currency options – peso denominated - 135 - 88 Foreign currency options – Canadian dollar denominated (1) 584 766 3,324 - Foreign currency options – euro denominated (1) 2,761 2,198 11,711 84 Foreign currency options – pound sterling denominated (1) 14,644 - 4,241 745 Foreign currency options – yen denominated (1) 857 17,578 832 717 Interest rate hedges - 40,746 - 12,095 Total fair value of derivatives $ 68,696 $ 64,056 $ 53,579 $ 13,729 (1) As discussed below, these foreign currency options are not designated as hedges.
Foreign Currency Contracts Activity	The following tables summarize the activity in our foreign currency contracts for the six months ended June 30 (in millions, except for weighted average forward rates and number of active contracts): 2016 Foreign Currency Contracts Local Currency Net Investment Forward Contracts Forward and Option Contracts GBP JPY CAD EUR (1) GBP (1) (2) JPY (1) Other (1) Notional amounts at January 1 £ 238 ¥ - $ - € 275 £ 97 ¥ 12,840 New contracts 60 11,189 133 171 - 11,460 Matured or expired contracts (60 ) (11,189 ) - (75 ) (24 ) (3,120 ) Notional amounts at June 30 £ 238 ¥ - $ 133 € 371 £ 73 ¥ 21,180 Foreign Currency Contracts U.S. Dollar Net Investment Forward Contracts Forward and Option Contracts Notional amounts at January 1 $ 386 $ - $ - $ 310 $ 148 $ 109 $ 50 New contracts 85 99 100 192 - 108 15 Matured or expired contracts (100 ) (99 ) - (85 ) (36 ) (27 ) (15 ) Notional amounts at June 30 $ 371 $ - $ 100 $ 417 $ 112 $ 190 $ 50 Weighted average forward rate at June 30 1.56 - 1.33 1.13 1.53 112.00 - Active contracts at June 30 3 - 2 25 12 33 20 2015 Foreign Currency Contracts Local Currency Net Investment Forward Contracts Forward and Option Contracts (1) EUR GBP JPY EUR GBP JPY CAD Notional amounts at January 1 € 300 £ 238 ¥ 24,136 € 284 £ - ¥ - $ - New contracts - 118 43,373 198 126 12,740 49 Matured or expired contracts (300 ) (118 ) (67,509 ) (254 ) (53 ) (2,800 ) (7 ) Notional amounts at June 30 € - £ 238 ¥ - € 228 £ 73 ¥ 9,940 $ 42 Foreign Currency Contracts U.S. Dollar Net Investment Forward Contracts Forward and Option Contracts (1) Notional amounts at January 1 $ 400 $ 400 $ 250 $ 354 $ - $ - $ - New contracts - 186 353 224 188 109 40 Matured or expired contracts (400 ) (200 ) (603 ) (311 ) (79 ) (24 ) (6 ) Notional amounts at June 30 $ - $ 386 $ - $ 267 $ 109 $ 85 $ 34 (1) During the six months ended June 30, 2016, and 2015, we exercised 15 and 13 option contracts, respectively. We realized gains of $0.2 million and $1.9 million for the three and six months ended June 30, 2016, respectively, and gains of $4.0 million and $6.2 million for the three and six months ended June 30, 2015, respectively, in Foreign Currency and Derivative Gains (Losses), Net. (2) Included in our British pounds sterling denominated option contracts is one forward contract to sell British pounds sterling and buy euros. This forward has a notional amount of £6.0 million (€8.0 million) and was reported in this table using an exchange rate of $1.45 U.S. dollars to the euro.
Summary of Gains (Losses) From Change in Fair Value of Derivative Instruments Included in Other Comprehensive Income	The following table presents the gains and (losses) associated with the change in fair value for the effective portion of our derivative and nonderivative hedging instruments included in Other Comprehensive Income Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Derivative net investment hedges (1) $ 21,512 $ (28,984 ) $ 29,420 $ 34,194 Interest rate hedges (2) (2,672 ) (2,341 ) (13,790 ) (759 ) Cash flow hedges (31 ) - (34 ) - Our share of derivatives from unconsolidated co-investment ventures (3,223 ) 1,879 (7,994 ) 4,106 Total derivative instruments 15,586 (29,446 ) 7,602 37,541 Nonderivative net investment hedges (3) 91,416 (111,537 ) (69,773 ) 223,403 Total derivative and nonderivative hedging instruments $ 107,002 $ (140,983 ) $ (62,171 ) $ 260,944 (1) We received $15.9 million and $16.8 million for the three and six months ended June 30, 2016, respectively, upon the settlement of net investment hedges. We received $120.1 million and $121.5 million for the three and six months ended June 30, 2015, respectively, upon the settlement of net investment hedges. (2) The amounts reclassified to interest expense for the three and six months ended June 30, 2016, were $1.1 million and $2.1 million, respectively. The amounts reclassified to interest expense for the three and six months ended June 30, 2015, were not considered significant. For the next 12 months from June 30, 2016, we estimate an additional expense for $6.3 million will be reclassified to Interest Expense (3) At June 30, 2016, and December 31, 2015, we had €3.2 billion ($3.5 billion) of debt, net of accrued interest, for both periods, designated as nonderivative financial instrument hedges of our net investment in international subsidiaries. We recognized unrealized losses of $5.4 million and unrealized gains of $10.0 million in Foreign Currency and Derivative Gains (Losses), Net
Carrying Amounts and Estimated Fair Values of Debt	The following table reflects the carrying amounts and estimated fair values of our debt (in thousands): June 30, 2016 December 31, 2015 Carrying Value Fair Value Carrying Value Fair Value Credit Facilities $ - $ - $ - $ - Senior notes 6,603,070 7,234,087 6,516,392 6,801,118 Term loans and other 1,844,717 1,877,264 2,115,457 2,128,270 Secured mortgages 901,071 996,779 1,172,473 1,262,778 Secured mortgages of consolidated entities 1,790,557 1,804,180 1,822,509 1,825,361 Total debt $ 11,139,415 $ 11,912,310 $ 11,626,831 $ 12,017,527

Business Segments (Tables)

Business Segments (Tables)	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Segment Reporting, Reconciliation of Revenues, Operating Income and Assets	The following reconciliations are presented in thousands: Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Revenues: Real estate operations: U.S. $ 501,707 $ 418,494 $ 1,012,864 $ 794,692 Other Americas 15,083 13,835 29,039 28,267 Europe 19,540 16,681 36,329 35,450 Asia 14,503 14,348 29,235 25,771 Total Real Estate Operations segment 550,833 463,358 1,107,467 884,180 Strategic capital: U.S. 9,580 10,103 18,936 19,460 Other Americas 5,693 7,013 11,058 12,582 Europe 25,519 21,001 47,788 39,394 Asia 10,530 8,929 23,206 17,635 Total Strategic Capital segment 51,322 47,046 100,988 89,071 Total revenues $ 602,155 $ 510,404 $ 1,208,455 $ 973,251 Net operating income: Real estate operations: U.S. $ 369,785 $ 278,128 $ 745,503 $ 537,706 Other Americas 10,517 8,930 18,731 18,773 Europe 15,335 10,143 26,954 21,081 Asia 10,571 10,210 20,388 18,003 Total Real Estate Operations segment 406,208 307,411 811,576 595,563 Strategic capital: U.S. 827 1,429 2,536 3,009 Other Americas 3,052 4,825 6,167 7,758 Europe 18,443 14,330 33,749 26,125 Asia 1,134 1,515 5,377 2,050 Total Strategic Capital segment 23,456 22,099 47,829 38,942 Total segment net operating income 429,664 329,510 859,405 634,505 Reconciling items: General and administrative expenses (56,934 ) (51,974 ) (107,477 ) (103,280 ) Depreciation and amortization expenses (230,382 ) (190,188 ) (480,382 ) (359,996 ) Earnings from unconsolidated entities, net 41,454 41,784 99,765 72,826 Interest expense (76,455 ) (68,902 ) (157,267 ) (137,663 ) Interest and other income, net 1,527 1,847 4,118 12,896 Gains on dispositions of investments in real estate, net 200,350 108,782 344,667 386,497 Foreign currency and derivative gains (losses), net (10,335 ) (25,512 ) (24,546 ) 9,054 Gains (losses) on early extinguishment of debt, net 2,044 (236 ) 992 (16,525 ) Total reconciling items (128,731 ) (184,399 ) (320,130 ) (136,191 ) Earnings before income taxes $ 300,933 $ 145,111 $ 539,275 $ 498,314 June 30, December 31, 2016 2015 Assets: Real estate operations: U.S. $ 21,377,414 $ 22,030,457 Other Americas 1,023,165 919,381 Europe 1,424,352 1,291,991 Asia 1,351,964 1,157,401 Total Real Estate Operations segment 25,176,895 25,399,230 Strategic capital: U.S. 18,727 19,363 Europe 49,636 49,960 Asia 1,909 2,005 Total Strategic Capital segment 70,272 71,328 Total segment assets 25,247,167 25,470,558 Reconciling items: Investments in and advances to unconsolidated entities 4,483,804 4,755,620 Assets held for sale or contribution 393,434 378,423 Notes receivable backed by real estate 33,800 235,050 Cash and cash equivalents 332,221 264,080 Other assets 255,508 291,036 Total reconciling items 5,498,767 5,924,209 Total assets $ 30,745,934 $ 31,394,767

General - Additional Informatio

General - Additional Information (Detail) shares in Millions	6 Months Ended
	Jun. 30, 2016Segmentshares
General [Line Items]
Number of reportable segments | Segment	2
Percentage of common limited partnership interest	2.77%
General Partner [Member]
General [Line Items]
Percentage of ownership in operating partnership	97.23%
Class A Capital [Member]
General [Line Items]
Class of common limited partnership units designated as class A common units | shares	8.9
Preferred [Member]
General [Line Items]
Percentage of ownership in operating partnership	100.00%

Business Combination - Addition

Business Combination - Additional Information (Detail) ft² in Millions, $ in Millions	May 29, 2015ft²Propertyshares	Jun. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)shares	Dec. 31, 2015shares
Business Acquisition [Line Items]
Business acquisition, common limited partnership units issued | shares				5,500	6,400
Rental income of properties acquired		$ 35.3
Rental expenses of properties acquired		$ 7.9
Prologis US Logistics Venture [Member]
Business Acquisition [Line Items]
Noncontrolling interests in real estate entities	55.00%			55.00%	55.00%
Contribution received from venture partner				$ 2,300
Prologis US Logistics Venture [Member] | KTR Capital Partners and Affiliates [Member]
Business Acquisition [Line Items]
Number of buildings | Property	315
Square feet | ft²	59
Area of properties under development | ft²	3.6
Area of properties to support potential build out | ft²	6.8
Acquisition costs incurred			$ 24.7
Prologis US Logistics Venture [Member] | KTR Capital Partners and Affiliates [Member] | Common Limited Partnership Units
Business Acquisition [Line Items]
Business acquisition, common limited partnership units issued | shares	4,500,000

Business Combination - Allocati

Business Combination - Allocation of Purchase Price (Detail) - KTR Capital Partners and Affiliates [Member] $ in Thousands	May 29, 2015USD ($)
Business Acquisition [Line Items]
Investments in real estate properties	$ 5,441,384
Intangible assets, net of intangible liabilities	332,708
Accounts receivable and other assets	8,062
Debt, including premium	(735,172)
Accounts payable, accrued expenses and other liabilities	(56,313)
Total estimated purchase price	4,990,669
Noncontrolling interests	(2,253,234)
Common limited partnership units issued in the Operating Partnership	(181,170)
Total purchase price	$ 2,556,265

Business Combination - Schedule

Business Combination - Schedule of Unaudited Pro Forma Financial Information (Detail) - KTR Capital Partners and Affiliates [Member] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2015
Business Acquisition [Line Items]
Total revenues	$ 576,055	$ 1,134,918
Net earnings attributable to common stockholders	$ 153,582	$ 498,791
Net earnings per share attributable to common stockholders – Basic	$ 0.29	$ 0.96
Net earnings per share attributable to common stockholders – Diluted	$ 0.29	$ 0.95

Real Estate - Investments in Re

Real Estate - Investments in Real Estate Properties (Detail) ft² in Thousands, $ in Thousands	Jun. 30, 2016USD ($)ft²Buildings	Dec. 31, 2015USD ($)ft²Buildings
Real Estate Properties [Line Items]
Total investments in real estate properties	$ 27,556,410	$ 27,521,368
Less accumulated depreciation	3,521,198	3,274,284
Net investments in real estate properties	$ 24,035,212	$ 24,247,084
Improved Land [Member]
Real Estate Properties [Line Items]
Square Feet and Acres | ft²	0	0
Number of buildings | Buildings	0	0
Total investments in real estate properties	$ 5,945,476	$ 5,874,052
Building and Improvements [Member]
Real Estate Properties [Line Items]
Square Feet and Acres | ft²	333,647	333,830
Number of buildings | Buildings	1,825	1,872
Total investments in real estate properties	$ 17,967,859	$ 17,861,693
Development Portfolio, Including Cost of Land: Pre-stabilized [Member]
Real Estate Properties [Line Items]
Square Feet and Acres | ft²	9,429	12,598
Number of buildings | Buildings	22	28
Total investments in real estate properties	$ 856,407	$ 918,099
Properties Under Development [Member]
Real Estate Properties [Line Items]
Square Feet and Acres | ft²	16,591	19,630
Number of buildings | Buildings	60	63
Total investments in real estate properties	$ 914,364	$ 954,804
Land [Member]
Real Estate Properties [Line Items]
Square Feet and Acres | ft²	7,013	7,404
Number of buildings | Buildings	0	0
Total investments in real estate properties	$ 1,322,214	$ 1,359,794
Other Real Estate Investments [Member]
Real Estate Properties [Line Items]
Square Feet and Acres | ft²	0	0
Number of buildings | Buildings	0	0
Total investments in real estate properties	$ 550,090	$ 552,926

Real Estate - Summary of Acquis

Real Estate - Summary of Acquisition (Detail) - Acquisitions of Operating Properties from Third Parties [Member] ft² in Thousands, $ in Thousands	Jun. 30, 2016USD ($)ft²Property	Jun. 30, 2015USD ($)ft²Property
Business Acquisition [Line Items]
Number of buildings | Property	6	10
Square feet | ft²	889	1,444
Real estate acquisition value | $	$ 70,045	$ 133,610

Real Estate - Summary of Dispos

Real Estate - Summary of Dispositions (Detail) ft² in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)ft²Property	Jun. 30, 2015USD ($)ft²Property	Jun. 30, 2016USD ($)ft²Property	Jun. 30, 2015USD ($)ft²Property
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total gains on dispositions of investments in real estate, net	$ 200,350	$ 108,782	$ 344,667	$ 386,497
Continuing Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total net gains on contributions and dispositions			258,052	386,497
Total gains on dispositions of investments in real estate, net			$ 344,667	$ 386,497
Continuing Operations [Member] | Contributions to unconsolidated co-investment ventures [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of buildings | Property	10	16	10	16
Square feet | ft²	4,019	4,566	4,019	4,566
Net proceeds			$ 463,700	$ 418,485
Net gains on contributions			$ 103,590	$ 63,686
Continuing Operations [Member] | Dispositions to Third Parties [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of buildings | Property	99	50	99	50
Square feet | ft²	10,565	5,366	10,565	5,366
Net proceeds			$ 889,607	$ 736,120
Net gains on contributions			154,462	322,811
Continuing Operations [Member] | Redemption of investment in co-investment venture [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net gains on contributions			$ 86,615	$ 0

Unconsolidated Entities - Summa

Unconsolidated Entities - Summary of Investments (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Schedule Of Equity Method Investments [Line Items]
Other ventures	$ 4,483,804	$ 4,755,620
Unconsolidated Co-Investment Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Other ventures	4,328,459	4,585,427
Other Joint Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Other ventures	$ 155,345	$ 170,193

Unconsolidated Entities - Sum41

Unconsolidated Entities - Summary of Unconsolidated Co-investment Ventures (Detail) - Unconsolidated Co-Investment Ventures [Member] $ in Thousands, ft² in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2016USD ($)ft²PropertyVenture	Jun. 30, 2015USD ($)ft²PropertyVenture	Jun. 30, 2016USD ($)ft²PropertyVenture	Jun. 30, 2015USD ($)ft²PropertyVenture	Dec. 31, 2015USD ($)ft²PropertyVenture
Schedule Of Equity Method Investments [Line Items]
Number of ventures | Venture		9	9	9	9	9
Number of properties owned | Property		1,355	1,325	1,355	1,325	1,350
Square feet | ft²		284	271	284	271	277
Total assets		$ 23,456,000	$ 22,544,000	$ 23,456,000	$ 22,544,000	$ 22,553,000
Third-party debt		6,620,000	6,315,000	6,620,000	6,315,000	6,250,000
Total liabilities		8,047,000	7,643,000	8,047,000	7,643,000	7,593,000
Our investment balance	[1]	4,328,000	4,727,000	4,328,000	4,727,000	$ 4,585,000
Revenues		491,354	453,243	965,898	905,888
Net operating income	[2]	380,645	351,228	746,013	697,377
Net earnings		$ 115,076	$ 117,859	$ 254,457	$ 208,108
U.S. [Member]
Schedule Of Equity Method Investments [Line Items]
Number of ventures | Venture		1	1	1	1	1
Number of properties owned | Property		379	399	379	399	391
Square feet | ft²		49	51	49	51	50
Total assets		$ 4,228,000	$ 4,405,000	$ 4,228,000	$ 4,405,000	$ 4,408,000
Third-party debt		1,425,000	1,509,000	1,425,000	1,509,000	1,433,000
Total liabilities		1,504,000	1,589,000	1,504,000	1,589,000	1,550,000
Our investment balance	[1],[3]	518,000	697,000	518,000	697,000	$ 690,000
Revenues		98,009	93,825	195,970	187,370
Net operating income	[2]	69,848	66,179	138,142	130,150
Net earnings		$ 5,285	$ 3,771	$ 35,860	$ 5,803
Other Americas [Member]
Schedule Of Equity Method Investments [Line Items]
Number of ventures | Venture		2	2	2	2	2
Number of properties owned | Property		209	201	209	201	205
Square feet | ft²		41	38	41	38	39
Total assets		$ 2,694,000	$ 2,509,000	$ 2,694,000	$ 2,509,000	$ 2,482,000
Third-party debt		677,000	572,000	677,000	572,000	657,000
Total liabilities		772,000	624,000	772,000	624,000	708,000
Our investment balance	[1]	848,000	827,000	848,000	827,000	$ 786,000
Revenues		59,669	61,013	116,083	117,482
Net operating income	[2]	51,018	51,208	99,851	99,320
Net earnings		$ 19,451	$ 24,374	$ 33,349	$ 38,242
Europe [Member]
Schedule Of Equity Method Investments [Line Items]
Number of ventures | Venture		4	4	4	4	4
Number of properties owned | Property		690	669	690	669	688
Square feet | ft²		160	155	160	155	159
Total assets		$ 11,188,000	$ 11,427,000	$ 11,188,000	$ 11,427,000	$ 11,343,000
Third-party debt		2,566,000	2,533,000	2,566,000	2,533,000	2,640,000
Total liabilities		3,521,000	3,484,000	3,521,000	3,484,000	3,584,000
Our investment balance	[1],[3]	2,464,000	2,844,000	2,464,000	2,844,000	$ 2,707,000
Revenues		247,264	230,145	491,583	464,858
Net operating income	[2]	192,696	181,094	381,673	361,926
Net earnings		$ 68,567	$ 67,484	$ 141,399	$ 118,443
Asia [Member]
Schedule Of Equity Method Investments [Line Items]
Number of ventures | Venture		2	2	2	2	2
Number of properties owned | Property		77	56	77	56	66
Square feet | ft²		34	27	34	27	29
Total assets		$ 5,346,000	$ 4,203,000	$ 5,346,000	$ 4,203,000	$ 4,320,000
Third-party debt		1,952,000	1,701,000	1,952,000	1,701,000	1,520,000
Total liabilities		2,250,000	1,946,000	2,250,000	1,946,000	1,751,000
Our investment balance	[1]	498,000	359,000	498,000	359,000	$ 402,000
Revenues		86,412	68,260	162,262	136,178
Net operating income	[2]	67,083	52,747	126,347	105,981
Net earnings		$ 21,773	$ 22,230	$ 43,849	$ 45,620
Weighted Average [Member]
Schedule Of Equity Method Investments [Line Items]
Our weighted average ownership	[4]	28.80%	32.00%	28.80%	32.00%	31.60%
Weighted Average [Member] | U.S. [Member]
Schedule Of Equity Method Investments [Line Items]
Our weighted average ownership	[3],[4]	17.60%	23.10%	17.60%	23.10%	22.50%
Weighted Average [Member] | Other Americas [Member]
Schedule Of Equity Method Investments [Line Items]
Our weighted average ownership	[4]	43.60%	43.20%	43.60%	43.20%	43.80%
Weighted Average [Member] | Europe [Member]
Schedule Of Equity Method Investments [Line Items]
Our weighted average ownership	[3],[4]	36.20%	39.40%	36.20%	39.40%	38.90%
Weighted Average [Member] | Asia [Member]
Schedule Of Equity Method Investments [Line Items]
Our weighted average ownership	[4]	15.00%	15.00%	15.00%	15.00%	15.00%
[1]	The difference between our ownership interest of a venture’s equity and our investment balance, at June 30, 2016 and December 31, 2015, results principally from three types of transactions: (i) deferring a portion of the gains we recognize from a contribution of a property to a venture ($429.7 million and $430.7 million, respectively); (ii) recording additional costs associated with our investment in a venture ($123.9 million and $122.1 million, respectively); and (iii) advances to a venture ($165.2 million and $189.7 million, respectively). Included in the advances to our ventures at June 30, 2016 and December 31, 2015 were receivables from Nippon Prologis REIT, Inc. (“NPR”) of $109.5 million and $85.2 million, respectively, related to customer security deposits that originated through a leasing company owned by us that pertain to properties owned by NPR. We have a corresponding payable to NPR’s customers in Other Liabilities.
[2]	Net operating income represents rental revenues less rental expenses.
[3]	In April 2016, we redeemed a portion of our investment in Prologis Targeted European Logistics Fund (“PTELF”) and Prologis Targeted U.S. Logistics Fund (“USLF”) for €185.0 million ($210.6 million) and $200.0 million, respectively, and recorded a gain of $86.6 million, which is included in Gains on the Dispositions of Investments in Real Estate, Net. The amounts received for the redemptions were included in Return of Investment from Unconsolidated Entities. Also in April 2016, PTELF received an additional €120.0 million ($135.0 million) from third-party investors. As a result of these transactions, our ownership percentage in these funds decreased to 27.9% and 17.6% in PTELF and USLF, respectively.
[4]	Represents our weighted average ownership interest in all co-investment ventures based on each entity’s contribution of total assets, before depreciation, net of other liabilities.

Unconsolidated Entities - Sum42

Unconsolidated Entities - Summary of Unconsolidated Co-investment Ventures (Parenthetical) (Detail) € in Millions, $ in Millions	1 Months Ended				6 Months Ended	12 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2016EUR (€)	Apr. 30, 2016USD ($)	Apr. 30, 2016EUR (€)	Jun. 30, 2016USD ($)	Dec. 31, 2015USD ($)
Schedule Of Equity Method Investments [Line Items]
Deferred gain recognize					$ 429.7	$ 430.7
Additional costs associated with investment in a venture	$ 123.9				123.9	122.1
Intercompany notes receivable and advances to ventures	165.2				165.2	189.7
Nippon Prologis REIT Inc [Member]
Schedule Of Equity Method Investments [Line Items]
Intercompany notes receivable and advances to ventures	109.5				$ 109.5	$ 85.2
Prologis Targeted Europe Logistics Fund [Member]
Schedule Of Equity Method Investments [Line Items]
Redemption a portion of our investment	99.9	€ 90	$ 210.6	€ 185
Ownership percentage			27.90%	27.90%
Prologis Targeted U.S. Logistics Fund [Member]
Schedule Of Equity Method Investments [Line Items]
Redemption a portion of our investment	$ 100		$ 200
Ownership percentage			17.60%	17.60%
Third-party investors [Member]
Schedule Of Equity Method Investments [Line Items]
Redemption a portion of our investment			$ 135	€ 120
Prologis Targeted Europe Logistics Fund and Prologis Targeted U.S. Logistics Fund [Member]
Schedule Of Equity Method Investments [Line Items]
Gain on Redemption			$ 86.6

Unconsolidated Entities - Sum43

Unconsolidated Entities - Summary of Amounts Recognized in Consolidated Statements of Income Related to Co-Investment Ventures (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Schedule Of Equity Method Investments [Line Items]
Earnings from unconsolidated entities, net	$ 41,454	$ 41,784	$ 99,765	$ 72,826
Total strategic capital revenue	51,322	47,046	100,988	89,071
Unconsolidated Co-Investment Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Earnings from unconsolidated entities, net	40,934	40,851	88,126	71,087
Total strategic capital revenue	50,748	46,471	99,726	87,774
Total strategic capital revenue and other revenue	53,535	48,017	104,074	90,960
Unconsolidated Co-Investment Ventures [Member] | Development Management and Other Revenue [Member]
Schedule Of Equity Method Investments [Line Items]
Development management and other revenue	2,787	1,546	4,348	3,186
Unconsolidated Co-Investment Ventures [Member] | U.S. [Member]
Schedule Of Equity Method Investments [Line Items]
Earnings from unconsolidated entities, net	718	669	7,377	961
Total strategic capital revenue	9,179	9,601	18,174	18,161
Unconsolidated Co-Investment Ventures [Member] | Other Americas [Member]
Schedule Of Equity Method Investments [Line Items]
Earnings from unconsolidated entities, net	7,509	9,091	12,808	13,597
Total strategic capital revenue	5,693	7,013	11,058	12,814
Unconsolidated Co-Investment Ventures [Member] | Europe [Member]
Schedule Of Equity Method Investments [Line Items]
Earnings from unconsolidated entities, net	29,014	27,306	60,593	48,814
Total strategic capital revenue	25,428	21,001	47,447	39,394
Unconsolidated Co-Investment Ventures [Member] | Asia [Member]
Schedule Of Equity Method Investments [Line Items]
Earnings from unconsolidated entities, net	3,693	3,785	7,348	7,715
Total strategic capital revenue	$ 10,448	$ 8,856	$ 23,047	$ 17,405

Unconsolidated Entities - Sum44

Unconsolidated Entities - Summary of Remaining Equity Commitments (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2016USD ($)
Schedule Of Equity Method Investments [Line Items]
Remaining equity commitments	$ 2,702
Prologis Inc [Member]
Schedule Of Equity Method Investments [Line Items]
Remaining equity commitments	301
Fund Partner
Schedule Of Equity Method Investments [Line Items]
Remaining equity commitments	2,401
Prologis Targeted U.S. Logistics Fund [Member]
Schedule Of Equity Method Investments [Line Items]
Remaining equity commitments	$ 214
Expiration date for remaining commitments range start	2,016
Expiration date for remaining commitments range end	2,017
Prologis Targeted U.S. Logistics Fund [Member] | Prologis Inc [Member]
Schedule Of Equity Method Investments [Line Items]
Remaining equity commitments	$ 0
Prologis Targeted U.S. Logistics Fund [Member] | Fund Partner
Schedule Of Equity Method Investments [Line Items]
Remaining equity commitments	214
Prologis Targeted Europe Logistics Fund [Member]
Schedule Of Equity Method Investments [Line Items]
Remaining equity commitments	$ 479	[1]
Expiration date for remaining commitments range start	2,016	[1]
Expiration date for remaining commitments range end	2,017	[1]
Prologis Targeted Europe Logistics Fund [Member] | Prologis Inc [Member]
Schedule Of Equity Method Investments [Line Items]
Remaining equity commitments	$ 0	[1]
Prologis Targeted Europe Logistics Fund [Member] | Fund Partner
Schedule Of Equity Method Investments [Line Items]
Remaining equity commitments	479	[1]
Prologis China Logistics Venture [Member]
Schedule Of Equity Method Investments [Line Items]
Remaining equity commitments	$ 2,009	[2]
Expiration date for remaining commitments range start	2,016	[2]
Expiration date for remaining commitments range end	2,017	[2]
Prologis China Logistics Venture [Member] | Prologis Inc [Member]
Schedule Of Equity Method Investments [Line Items]
Remaining equity commitments	$ 301	[2]
Prologis China Logistics Venture [Member] | Fund Partner
Schedule Of Equity Method Investments [Line Items]
Remaining equity commitments	$ 1,708	[2]
[1]	Equity commitments are denominated in euro and reported in U.S. dollars based on an exchange rate of $1.11 U.S. dollars to the euro.
[2]	In January 2016, we reached an agreement with our partner in this venture to increase the equity commitments by $882.4 million, of which our share is $132.4 million, to fund future developments in China.

Unconsolidated Entities - Sum45

Unconsolidated Entities - Summary of Remaining Equity Commitments (Parenthetical) (Detail) $ in Millions	1 Months Ended
	Jan. 31, 2016USD ($)	Jun. 30, 2016$ / €
Prologis Targeted Europe Logistics Fund [Member] | U.S. Dollars to Euro [Member]
Schedule Of Equity Method Investments [Line Items]
Exchange rate		1.11
Prologis European Properties Fund II [Member] | U.S. Dollars to Euro [Member]
Schedule Of Equity Method Investments [Line Items]
Exchange rate		1.11
Europe Logistics Venture 1 [Member] | U.S. Dollars to Euro [Member]
Schedule Of Equity Method Investments [Line Items]
Exchange rate		1.11
Prologis China Logistics Venture [Member]
Schedule Of Equity Method Investments [Line Items]
Increase equity commitments | $	$ 882.4
Equity commitments fund for future development | $	$ 132.4

Unconsolidated Entities - Addit

Unconsolidated Entities - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)
Prologis European Logistics Partners [Member]
Schedule Of Equity Method Investments [Line Items]
Repayment of debt commitment to third parties	$ 46.9

Assets Held for Sale or Contr47

Assets Held for Sale or Contribution - Summary of Assets Held for Sale or Contribution (Detail) ft² in Thousands, $ in Thousands	Jun. 30, 2016USD ($)ft²Property	Dec. 31, 2015USD ($)ft²Property
Long Lived Assets Held For Sale [Line Items]
Total assets held for sale or contribution	$ 393,434	$ 378,423
Total liabilities associated with assets held for sale or contribution – included in Other Liabilities	$ 6,726	$ 6,874
Disposal Group Heldforsale Not Discontinued Operations
Long Lived Assets Held For Sale [Line Items]
Number of operating properties | Property	20	17
Square feet | ft²	5,862	5,065

Notes Receivable Backed by Re48

Notes Receivable Backed by Real Estate - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Loans And Leases Receivable [Line Items]
Notes backed by real estate	$ 201,250	$ 9,866
Notes receivable backed by real estate	33,800		$ 235,050
Third Parties [Member]
Loans And Leases Receivable [Line Items]
Notes receivable backed by real estate	$ 33,800
Minimum [Member]
Loans And Leases Receivable [Line Items]
Notes receivable maturity date	2016-12
Minimum [Member] | Third Parties [Member]
Loans And Leases Receivable [Line Items]
Interest rate on Note receivable	5.50%
Maximum [Member]
Loans And Leases Receivable [Line Items]
Notes receivable maturity date	2017-04
Maximum [Member] | Third Parties [Member]
Loans And Leases Receivable [Line Items]
Interest rate on Note receivable	10.00%

Debt - Debt Summary (Detail)

Debt - Debt Summary (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Debt	$ 11,139,415	$ 11,626,831
Credit Facilities [Member]
Debt Instrument [Line Items]
Debt	0	0
Senior Notes [Member]
Debt Instrument [Line Items]
Debt	6,603,070	6,516,392
Term Loan [Member]
Debt Instrument [Line Items]
Debt	1,800,000
Secured Mortgage Debt [Member]
Debt Instrument [Line Items]
Debt	$ 901,071	$ 1,172,473
Debts Of Operating Partnership [Member]
Debt Instrument [Line Items]
Weighted Average Interest Rate	3.20%	3.20%
Debt	$ 11,139,415	$ 11,626,831
Debts Of Operating Partnership [Member] | Credit Facilities [Member]
Debt Instrument [Line Items]
Weighted Average Interest Rate	0.00%	0.00%
Debt	$ 0	$ 0
Debts Of Operating Partnership [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Weighted Average Interest Rate	3.30%	3.30%
Debt	$ 6,603,070	$ 6,516,392
Debts Of Operating Partnership [Member] | Term Loan [Member]
Debt Instrument [Line Items]
Weighted Average Interest Rate	1.90%	2.10%
Debt	$ 1,829,787	$ 2,100,009
Debts Of Operating Partnership [Member] | Other Debt [Member]
Debt Instrument [Line Items]
Weighted Average Interest Rate	6.20%	6.20%
Debt	$ 14,930	$ 15,448
Debts Of Operating Partnership [Member] | Secured Mortgage Debt [Member]
Debt Instrument [Line Items]
Weighted Average Interest Rate	5.30%	5.10%
Debt	$ 901,071	$ 1,172,473
Debts Of Operating Partnership [Member] | Secured Mortgage Debt of Consolidated Entities [Member]
Debt Instrument [Line Items]
Weighted Average Interest Rate	3.00%	2.90%
Debt	$ 1,790,557	$ 1,822,509

Debt - Debt Summary (Parentheti

Debt - Debt Summary (Parenthetical) (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Debt	$ 11,139,415	$ 11,626,831
EUR
Debt Instrument [Line Items]
Debt	3,500,000
JPY
Debt Instrument [Line Items]
Debt	1,300,000
CAD
Debt Instrument [Line Items]
Debt	$ 436,000

Debt - Additional Information (

Debt - Additional Information (Detail) $ in Thousands, ¥ in Billions	3 Months Ended	6 Months Ended
	Mar. 31, 2015USD ($)shares	Jun. 30, 2016USD ($)	Jun. 30, 2016JPY (¥)	Apr. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Mar. 31, 2016JPY (¥)	Dec. 31, 2015USD ($)
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity		$ 3,455,604
Borrowings outstanding		0
Notes exchanged	$ 459,800
Number of share issued on debt conversion | shares	11,900,000
Repayments of convertible debt	$ 200
Exchangeable Senior Notes Outstanding		6,600,000
Carrying Value of Debt		11,139,415					$ 11,626,831
2016 Yen Senior Term Loan [Member]
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity		$ 108,900	¥ 11.2
Debt Instrument maturity date		2017-03
Interest Rate, Description		LIBOR plus 1.10%
Borrowings outstanding					$ 99,600	¥ 11.2
2016 Yen Senior Term Loan [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Interest rate		1.10%
Exchangeable Senior Notes [Member]
Debt Instrument [Line Items]
Unrealized gain (loss) on derivative instrument	$ 8,300
Term Loan [Member]
Debt Instrument [Line Items]
Carrying Value of Debt		$ 1,800,000
Global Facility [Member]
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity		$ 3,750,000		$ 3,000,000	$ 2,300,000
Debt Instrument maturity date		2020-04
Revolver [Member]
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity | ¥			56.5
Credit facility current borrowing capacity		$ 438,000	¥ 45

Debt - Credit Facilities (Detai

Debt - Credit Facilities (Detail) $ in Thousands	Jun. 30, 2016USD ($)
Debt Disclosure [Abstract]
Aggregate lender commitments	$ 3,455,604
Borrowings outstanding	0
Outstanding letters of credit	38,534
Current availability	$ 3,417,070

Debt - Long-Term Debt Maturitie

Debt - Long-Term Debt Maturities (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
2,016	$ 21,000
2,017	1,044,000
2,018	746,000
2,019	1,081,000
2,020	1,189,000
2,021	1,818,000
2,022	1,573,000
2,023	1,313,000
2,024	911,000
2,025	891,000
Thereafter	564,000
Subtotal	11,151,000
Unamortized premiums (discounts), net	38,000
Unamortized debt issuance costs, net	(50,000)
Totals	11,139,415	$ 11,626,831
Credit Facilities [Member]
Debt Instrument [Line Items]
Totals	0	0
Senior Notes [Member]
Debt Instrument [Line Items]
Totals	6,603,070	6,516,392
Secured Mortgage Debt [Member]
Debt Instrument [Line Items]
Totals	901,071	$ 1,172,473
Wholly Owned
Debt Instrument [Line Items]
2,016	15,000
2,017	530,000
2,018	343,000
2,019	938,000
2,020	937,000
2,021	1,690,000
2,022	1,419,000
2,023	1,171,000
2,024	910,000
2,025	890,000
Thereafter	562,000
Subtotal	9,405,000
Unamortized premiums (discounts), net	(11,000)
Unamortized debt issuance costs, net	(45,000)
Totals	9,349,000
Wholly Owned | Credit Facilities [Member]
Debt Instrument [Line Items]
2,016	0
2,017	0
2,018	0
2,019	0
2,020	0
2,021	0
2,022	0
2,023	0
2,024	0
2,025	0
Thereafter	0
Subtotal	0
Unamortized premiums (discounts), net	0
Unamortized debt issuance costs, net	0
Totals	0
Wholly Owned | Senior Notes [Member]
Debt Instrument [Line Items]
2,016	0
2,017	0
2,018	175,000
2,019	618,000
2,020	877,000
2,021	1,277,000
2,022	777,000
2,023	850,000
2,024	777,000
2,025	750,000
Thereafter	555,000
Subtotal	6,656,000
Unamortized premiums (discounts), net	(22,000)
Unamortized debt issuance costs, net	(31,000)
Totals	6,603,000
Wholly Owned | Term Loans And Other Debt [Member]
Debt Instrument [Line Items]
2,016	1,000
2,017	522,000
2,018	1,000
2,019	1,000
2,020	1,000
2,021	399,000
2,022	632,000
2,023	288,000
2,024	1,000
2,025	1,000
Thereafter	7,000
Subtotal	1,854,000
Unamortized premiums (discounts), net	0
Unamortized debt issuance costs, net	(9,000)
Totals	1,845,000
Wholly Owned | Secured Mortgage Debt [Member]
Debt Instrument [Line Items]
2,016	14,000
2,017	8,000
2,018	167,000
2,019	319,000
2,020	59,000
2,021	14,000
2,022	10,000
2,023	33,000
2,024	132,000
2,025	139,000
Thereafter	0
Subtotal	895,000
Unamortized premiums (discounts), net	11,000
Unamortized debt issuance costs, net	(5,000)
Totals	901,000
Consolidated Entities
Debt Instrument [Line Items]
2,016	6,000
2,017	514,000
2,018	403,000
2,019	143,000
2,020	252,000
2,021	128,000
2,022	154,000
2,023	142,000
2,024	1,000
2,025	1,000
Thereafter	2,000
Subtotal	1,746,000
Unamortized premiums (discounts), net	49,000
Unamortized debt issuance costs, net	(5,000)
Totals	$ 1,790,000

Noncontrolling Interests - Addi

Noncontrolling Interests - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2016
Prologis, L.P. [Member]
Noncontrolling Interest [Line Items]
Description of conversion rate	One share of common stock to one unit

Noncontrolling Interests - Nonc

Noncontrolling Interests - Noncontrolling Interest Summary (Detail) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2016	Dec. 31, 2015	May 29, 2015
Noncontrolling Interest [Line Items]
Operating Partnership noncontrolling interest		$ 3,154,205	$ 3,320,227
Noncontrolling interests		3,570,843	3,752,901
Total Assets		30,745,934	31,394,767
Total Liabilities		12,462,900	12,973,931
Non-controlling Interests [Member]
Noncontrolling Interest [Line Items]
Total Assets		10,051,971	10,494,233
Total Liabilities		$ 2,018,296	$ 2,055,704
Prologis US Logistics Venture [Member]
Noncontrolling Interest [Line Items]
Parent Company's Ownership Percentage		55.00%	55.00%	55.00%
Operating Partnership noncontrolling interest		$ 2,503,427	$ 2,677,642
Total Assets		6,403,355	6,788,968
Total Liabilities		$ 833,478	$ 847,084
Prologis North American Industrial Fund [Member]
Noncontrolling Interest [Line Items]
Parent Company's Ownership Percentage	[1]	66.10%	66.10%
Operating Partnership noncontrolling interest	[1]	$ 490,683	$ 490,444
Total Assets	[1]	2,598,937	2,619,241
Total Liabilities	[1]	$ 1,142,989	$ 1,165,617
Prologis Brazil Logistics Partners Fund I [Member]
Noncontrolling Interest [Line Items]
Parent Company's Ownership Percentage	[1],[2]	50.00%	50.00%
Operating Partnership noncontrolling interest	[1],[2]	$ 59,679	$ 49,313
Total Assets	[1],[2]	127,140	100,836
Total Liabilities	[1],[2]	$ 433	192
Other Consolidated Entities [Member]
Noncontrolling Interest [Line Items]
Parent Company's Ownership	[3]	various
Operating Partnership noncontrolling interest	[3]	$ 100,416	102,828
Total Assets	[3]	922,539	985,188
Total Liabilities	[3]	41,396	42,811
Prologis, L.P. [Member]
Noncontrolling Interest [Line Items]
Noncontrolling interests		3,154,205	3,320,227
Total Assets		30,745,934	31,394,767
Total Liabilities		12,462,900	12,973,931
Prologis, L.P. [Member] | Non-controlling Interests [Member]
Noncontrolling Interest [Line Items]
Limited partners in Prologis, L.P.	[4],[5]	416,638	432,674
Total Assets	[4],[5]	0	0
Total Liabilities	[4],[5]	0	0
Prologis Inc [Member]
Noncontrolling Interest [Line Items]
Total Assets		10,051,971	10,494,233
Total Liabilities		2,018,296	2,055,704
Prologis Inc [Member] | Non-controlling Interests [Member]
Noncontrolling Interest [Line Items]
Noncontrolling interests		$ 3,570,843	$ 3,752,901
[1]	These ventures are considered VIE’s under the new consolidation guidance discussed in Note 1. Based on our evaluation, the noncontrolling interests in these ventures do not hold substantive participating or kick-out rights and therefore as a group they lack the power to direct the significant activities of these ventures that most significantly impact the venture’s economic performance. We have both the power to direct the significant activities and the obligation to absorb losses and the rights to receive benefits from these ventures. As a result, we are the primary beneficiary of both ventures and consistent with prior reporting periods, we consolidate each venture within our financial statements.
[2]	The assets of Prologis Brazil Logistics Partners Fund I (“Brazil Fund”) are primarily investments in unconsolidated entities of $119.5 million and $103.1 million at June 30, 2016, and December 31, 2015, respectively. For additional information on our unconsolidated investments, see Note 4.
[3]	This line item includes our two partnerships that have issued limited partnership units to third parties, as discussed above, along with various other consolidated entities. At June 30, 2016, and December 31, 2015, limited partnership units were exchangeable into cash or, at our option, 1.8 million shares of the Parent’s common stock.
[4]	At June 30, 2016, and December 31, 2015, excluding the Class A Units, there were common limited partnership units in the Operating Partnership that were exchangeable into cash or, at our option, 5.5 million shares and 6.4 million shares of the Parent’s common stock with a fair value of $271.9 million and $275.0 million, respectively, based on the closing stock price of the Parent’s common stock. In 2016, unitholders exchanged 0.9 million common limited partnership units into an equal number of shares of the Parent’s common stock with a value of $25.4 million. At June 30, 2016, and December 31, 2015, there were 2.1 million and 1.2 million LTIP Units (as defined in Note 9) outstanding, respectively, associated with our long-term compensation plan that are exchangeable into common units of the Operating Partnership and redeemable into the Parent’s common stock after they vest and other applicable conditions are met.
[5]	At June 30, 2016, and December 31, 2015, we had 8.9 million Class A Units that were convertible into 8.8 million common limited partnership units of the Operating Partnership.

Noncontrolling Interests - No56

Noncontrolling Interests - Noncontrolling Interest Summary (Parenthetical) (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Noncontrolling Interest [Line Items]
Business acquisition, common limited partnership units issued	5,500	6,400
Fair value of outstanding limited partnership units	$ 271,900	$ 275,000
Restricted Operating Partnership Units [Member]
Noncontrolling Interest [Line Items]
Number of units outstanding	2,100	1,200
Class A Capital [Member]
Noncontrolling Interest [Line Items]
Outstanding limited partnership units	8,900,000
Units outstanding	8,900	8,900
Conversion and exchange of units to shares	8,800	8,800
Common Stock [Member]
Noncontrolling Interest [Line Items]
Outstanding limited partnership units	1,800	1,800
Prologis Brazil Logistics Partners Fund I [Member]
Noncontrolling Interest [Line Items]
Investments in unconsolidated entities	$ 119,500	$ 103,100
Prologis, L.P. [Member] | Class A Capital [Member] | Limited Partners [Member]
Noncontrolling Interest [Line Items]
Units outstanding	8,894,000	8,894,000
Prologis, L.P. [Member] | Common [Member] | Limited Partners [Member]
Noncontrolling Interest [Line Items]
Units outstanding	6,236,000	6,711,000
Conversion and exchange of units to shares	(915,000)
Conversion of limited partners units, value	$ (25,434)

Long-Term Compensation - Additi

Long-Term Compensation - Additional Information (Detail)	Jun. 03, 2016USD ($)	Jun. 30, 2016USD ($)$ / sharesshares	Dec. 31, 2015USD ($)Ventureshares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock options outstanding		3,400,000
Stock options exercisable		3,400,000
Stock options outstanding, weighted average exercise price | $ / shares		$ 33.50
Stock options exercisable, weighted average exercise price | $ / shares		$ 33.50
Options granted		0	0
Restricted Operating Partnership Units [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Amount realized during conversion of prior held shares		893,000
Number of units outstanding		2,137,000	1,244,000
Restricted Operating Partnership Units [Member] | 2014-2016 and 2015-2017 performance periods [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of units outstanding		2,500,000
Prologis Out-Performance Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Outperformance hurdle, above MSCI US REIT Index		1.00%
Performance pool as percentage of excess value, if outperformance hurdle is met		3.00%
Cash incentive award maximum | $		$ 75,000,000
Percentage of equity market capitalization		0.50%
Performance Period		3 years
Percentage of excess award amount		0.333%
Aggregate fair value | $	$ 26,600,000
Assumed risk free interest rate	0.99%
Expected volatility rate	20.50%
Performance period used for fair value assumption		3 years
Prologis Promote Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of ventures | Venture			2
Total value of awards | $			$ 4,700,000
Prologis Promote Plan [Member] | Restricted Stock Units (RSUs) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Amount realized during conversion of prior held shares		53,000
Aggregate fair value | $		$ 2,300,000
Prologis Promote Plan [Member] | Long-Term Incentive Plan Units (LTIP units) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Amount realized during conversion of prior held shares		114,000
Aggregate fair value | $		$ 4,900,000

Long-Term Compensation - RSU an

Long-Term Compensation - RSU and Performance Share Awards (Detail) - $ / shares shares in Thousands	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
RSU and PSA [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Awards, beginning balance	1,626
Granted	806
Vested and distributed	(774)
Forfeited	(31)
Number of Awards, ending balance	1,627
Weighted Average Grant-Date Fair Value	$ 40.35	$ 42.21
Weighted Average Grant-Date Fair Value, Granted	0
Weighted Average Grant-Date Fair Value, Vested	0
Weighted Average Grant-Date Fair Value, Forfeited	$ 0
Number of Shares, Beginning Balance	109
Number of Shares, Ending Balance	125
LTIP Units [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Awards, beginning balance	1,244
Granted	893
Number of Awards, ending balance	2,137
Weighted Average Grant-Date Fair Value	$ 40.45	$ 42.21
Weighted Average Grant-Date Fair Value, Granted	$ 0
Number of Shares, Beginning Balance	303
Number of Shares, Ending Balance	691
POP LTIP Units [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Awards, beginning balance	3,464
Forfeited	(927)
Number of Awards, ending balance	2,537

Earnings Per Common Share or 59

Earnings Per Common Share or Unit - Computation of Basic and Diluted Earnings Per Share Unit (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Summary Of Computation Of Basic And Diluted Earnings Per Share [Line Items]
Net earnings attributable to common stockholders/unit holders - Basic	$ 275,383	$ 140,240	$ 483,424	$ 485,446
Net earnings attributable to exchangeable limited partnership units	9,085	1,623	15,694	3,273
Gains, net of expenses, associated with exchangeable debt assumed exchanged	0	0	0	(1,614)
Adjusted net earnings attributable to common stockholders – Diluted	$ 284,468	$ 141,863	$ 499,118	$ 487,105
Weighted average common shares/units outstanding – Basic	524,842	523,476	524,540	518,791
Incremental weighted average effect on exchange of limited partnership units	17,703	5,431	17,623	4,617
Incremental weighted average effect of equity awards	2,843	1,733	2,130	2,037
Incremental weighted average effect on exchangeable debt assumed exchanged	0	0	0	4,382
Weighted average common shares/partnership units outstanding - Diluted	545,388	530,640	544,293	529,827
Net earnings per share/unit attributable to common stockholders/unitholders -
Basic	$ 0.52	$ 0.27	$ 0.92	$ 0.94
Diluted	$ 0.52	$ 0.27	$ 0.92	$ 0.92
Prologis, L.P. [Member]
Summary Of Computation Of Basic And Diluted Earnings Per Share [Line Items]
Net earnings attributable to common stockholders/unit holders - Basic	$ 283,699	$ 141,538	$ 497,974	$ 488,026
Net earnings attributable to exchangeable limited partnership units	768	325	1,143	693
Gains, net of expenses, associated with exchangeable debt assumed exchanged	0	0	0	(1,614)
Adjusted net earnings attributable to common stockholders – Diluted	$ 284,467	$ 141,863	$ 499,117	$ 487,105
Weighted average common shares/units outstanding – Basic	531,912	527,071	531,507	521,548
Incremental weighted average effect on exchange of limited partnership units	1,835	1,836	1,835	1,860
Incremental weighted average effect of equity awards	2,843	1,733	2,130	2,037
Incremental weighted average effect on exchangeable debt assumed exchanged	0	0	0	4,382
Weighted average common shares/partnership units outstanding - Diluted	545,388	530,640	544,293	529,827
Net earnings per share/unit attributable to common stockholders/unitholders -
Basic	$ 0.52	$ 0.27	$ 0.92	$ 0.94
Diluted	$ 0.52	$ 0.27	$ 0.92	$ 0.92
Incremental weighted average effect on exchange of Class A convertible units	8,798	0	8,821	0
Prologis, L.P. [Member] | Class A Capital [Member]
Summary Of Computation Of Basic And Diluted Earnings Per Share [Line Items]
Net earnings attributable to common stockholders/unit holders - Basic	$ 4,619	$ 0	$ 8,129	$ 0
Adjusted net earnings attributable to common stockholders – Diluted	4,619	0	8,129	0
Prologis, L.P. [Member] | Common Units
Summary Of Computation Of Basic And Diluted Earnings Per Share [Line Items]
Net earnings attributable to common stockholders/unit holders - Basic	$ 279,080	$ 141,538	$ 489,845	$ 488,026

Earnings Per Common Share or 60

Earnings Per Common Share or Unit - Computation of Basic and Diluted Earnings Per Share Unit (Parenthetical) (Detail) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Summary Of Computation Of Basic And Diluted Earnings Per Share [Line Items]
Total potential dilutive shares and units outstanding	24,879	12,887	24,477	16,407
Prologis, L.P. [Member]
Summary Of Computation Of Basic And Diluted Earnings Per Share [Line Items]
Total weighted average potentially dilutive limited partnership units outstanding	10,633	1,836	10,656	1,860
Total potentially dilutive stock awards outstanding	7,176	7,456	6,854	7,408
Total weighted average potentially dilutive shares and units from exchangeable debt outstanding	0	0	0	4,382
Total potential dilutive shares and units outstanding	17,809	9,292	17,510	13,650
Total potential dilutive shares and units outstanding limited partnership	7,070	3,595	6,967	2,757

Financial Instruments and Fai61

Financial Instruments and Fair Value Measurements - Schedule of Fair Value and Classification of Derivative Instruments (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Derivatives Fair Value [Line Items]
Asset	$ 68,696	$ 53,579
Liability	64,056	13,729
Foreign Currency Options [Member] | CAD
Derivatives Fair Value [Line Items]
Asset	584	3,324
Liability	766	0
Foreign Currency Options [Member] | GBP [Member]
Derivatives Fair Value [Line Items]
Asset	14,644	4,241
Liability	0	745
Foreign Currency Options [Member] | EUR
Derivatives Fair Value [Line Items]
Asset	2,761	11,711
Liability	2,198	84
Foreign Currency Options [Member] | JPY [Member]
Derivatives Fair Value [Line Items]
Asset	857	832
Liability	17,578	717
Interest Rate Hedges [Member]
Derivatives Fair Value [Line Items]
Asset	0	0
Liability	40,746	12,095
Net Investment Hedges [Member] | CAD
Derivatives Fair Value [Line Items]
Asset	0	0
Liability	2,633	0
Net Investment Hedges [Member] | GBP [Member]
Derivatives Fair Value [Line Items]
Asset	49,850	33,471
Liability	0	0
Cash Flow Hedge [Member] | Foreign Currency Options [Member] | Peso [Member]
Derivatives Fair Value [Line Items]
Asset	0	0
Liability	$ 135	$ 88

Financial Instruments and Fai62

Financial Instruments and Fair Value Measurements - Additional Information (Detail)	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)Derivative	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)Derivative	Jun. 30, 2015USD ($)Contracts	Dec. 31, 2015USD ($)Derivative
Derivatives Fair Value [Line Items]
Hedge ineffectiveness	$ 0	$ 0	$ 0	$ 0
Number of interest rate swaps hedges outstanding | Derivative	7		7		7
Number of contracts entered into to effectively fix the interest rate on a term loan denominated in yen | Contracts				2
Loss from option contracts exercised	$ 200,000	4,000,000	$ 1,900,000	$ 6,200,000
Foreign currency translation gains (losses)	(136,000,000)	215,500,000	18,800,000	(306,900,000)
Foreign Currency Options [Member]
Derivatives Fair Value [Line Items]
Gains (losses) on foreign exchange transactions	3,300,000	$ (10,600,000)	(13,500,000)	$ 9,500,000
Interest Rate Swaps [Member]
Derivatives Fair Value [Line Items]
Notional amount of interest rate swaps	1,400,000,000		1,400,000,000		$ 1,400,000,000
Interest Rate Hedges [Member] | JPY
Derivatives Fair Value [Line Items]
Loss from option contracts exercised	$ (4,700,000)		$ (11,400,000)

Financial Instruments and Fai63

Financial Instruments and Fair Value Measurements - Foreign Currency Contracts Activity (Detail)	6 Months Ended
	Jun. 30, 2016USD ($)Derivative$ / €£ / $¥ / $CAD / $€ / $	Jun. 30, 2016EUR (€)Derivative$ / €£ / $¥ / $CAD / $€ / $		Jun. 30, 2016JPY (¥)Derivative$ / €£ / $¥ / $CAD / $€ / $		Jun. 30, 2016GBP (£)Derivative$ / €£ / $¥ / $CAD / $€ / $		Jun. 30, 2016CADDerivative$ / €£ / $¥ / $CAD / $€ / $	Jun. 30, 2015USD ($)	Jun. 30, 2015EUR (€)	Jun. 30, 2015JPY (¥)	Jun. 30, 2015GBP (£)	Jun. 30, 2015CAD
Net Investment Forward Contracts [Member] | GBP [Member]
Derivative [Line Items]
Notional amounts at January 1	$ 386,000,000					£ 238,000,000			$ 400,000,000			£ 238,000,000
New contracts	85,000,000					60,000,000			186,000,000			118,000,000
Matured or expired contracts	(100,000,000)					(60,000,000)			(200,000,000)			(118,000,000)
Notional amounts at June 30	$ 371,000,000					£ 238,000,000			386,000,000			238,000,000
Weighted average forward rate at June 30 | £ / $	1.56	1.56		1.56		1.56		1.56
Active contracts at June 30	3	3		3		3		3
Net Investment Forward Contracts [Member] | JPY
Derivative [Line Items]
Notional amounts at January 1	$ 0			¥ 0					250,000,000		¥ 24,136,000,000
New contracts	99,000,000			11,189,000,000					353,000,000		43,373,000,000
Matured or expired contracts	(99,000,000)			(11,189,000,000)					(603,000,000)		(67,509,000,000)
Notional amounts at June 30	$ 0			¥ 0					0		0
Weighted average forward rate at June 30 | ¥ / $	0	0		0		0		0
Active contracts at June 30	0	0		0		0		0
Net Investment Forward Contracts [Member] | CAD
Derivative [Line Items]
Notional amounts at January 1	$ 0							CAD 0
New contracts	100,000,000							133,000,000
Matured or expired contracts	0							0
Notional amounts at June 30	$ 100,000,000							CAD 133,000,000
Weighted average forward rate at June 30 | CAD / $	1.33	1.33		1.33		1.33		1.33
Active contracts at June 30	2	2		2		2		2
Net Investment Forward Contracts [Member] | EUR
Derivative [Line Items]
Notional amounts at January 1									400,000,000	€ 300,000,000
New contracts									0	0
Matured or expired contracts									(400,000,000)	(300,000,000)
Notional amounts at June 30									0	0
Forward and Option Contracts [Member]
Derivative [Line Items]
Notional amounts at June 30		€ 8,000,000				£ 6,000,000
Weighted average forward rate at June 30 | $ / €	1.45	1.45		1.45		1.45		1.45
Forward and Option Contracts [Member] | GBP [Member]
Derivative [Line Items]
Notional amounts at January 1	$ 148,000,000					£ 97,000,000	[1],[2]		0			0
New contracts	0					0	[1],[2]		188,000,000			126,000,000
Matured or expired contracts	(36,000,000)					(24,000,000)	[1],[2]		(79,000,000)			(53,000,000)
Notional amounts at June 30	$ 112,000,000					£ 73,000,000	[1],[2]		109,000,000			£ 73,000,000
Weighted average forward rate at June 30 | £ / $	1.53	1.53		1.53		1.53		1.53
Active contracts at June 30	12	12		12		12		12
Forward and Option Contracts [Member] | JPY
Derivative [Line Items]
Notional amounts at January 1	$ 109,000,000			¥ 12,840,000,000	[1]				0		0
New contracts	108,000,000			11,460,000,000	[1]				109,000,000		12,740,000,000
Matured or expired contracts	(27,000,000)			(3,120,000,000)	[1]				(24,000,000)		(2,800,000,000)
Notional amounts at June 30	$ 190,000,000			¥ 21,180,000,000	[1]				85,000,000		¥ 9,940,000,000
Weighted average forward rate at June 30 | ¥ / $	112	112		112		112		112
Active contracts at June 30	33	33		33		33		33
Forward and Option Contracts [Member] | CAD
Derivative [Line Items]
Notional amounts at January 1									0				CAD 0
New contracts									40,000,000				49,000,000
Matured or expired contracts									(6,000,000)				(7,000,000)
Notional amounts at June 30									34,000,000				CAD 42,000,000
Forward and Option Contracts [Member] | EUR
Derivative [Line Items]
Notional amounts at January 1	$ 310,000,000	€ 275,000,000	[1]						354,000,000	284,000,000
New contracts	192,000,000	171,000,000	[1]						224,000,000	198,000,000
Matured or expired contracts	(85,000,000)	(75,000,000)	[1]						(311,000,000)	(254,000,000)
Notional amounts at June 30	$ 417,000,000	€ 371,000,000	[1]						$ 267,000,000	€ 228,000,000
Weighted average forward rate at June 30 | € / $	1.13	1.13		1.13		1.13		1.13
Active contracts at June 30	25	25		25		25		25
Forward and Option Contracts [Member] | USD [Member]
Derivative [Line Items]
Notional amounts at January 1 | $	$ 50,000,000
New contracts | $	15,000,000
Matured or expired contracts | $	(15,000,000)
Notional amounts at June 30 | $	$ 50,000,000
Active contracts at June 30	20	20		20		20		20
[1]	During the six months ended June 30, 2016, and 2015, we exercised 15 and 13 option contracts, respectively. We realized gains of $0.2 million and $1.9 million for the three and six months ended June 30, 2016, respectively, and gains of $4.0 million and $6.2 million for the three and six months ended June 30, 2015, respectively, in Foreign Currency and Derivative Gains (Losses), Net.
[2]	Included in our British pounds sterling denominated option contracts is one forward contract to sell British pounds sterling and buy euros. This forward has a notional amount of £6.0 million (€8.0 million) and was reported in this table using an exchange rate of $1.45 U.S. dollars to the euro.

Financial Instruments and Fai64

Financial Instruments and Fair Value Measurements - Foreign Currency Contracts Activity (Parenthetical) (Detail) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)Contracts	Jun. 30, 2015USD ($)Contracts	Jun. 30, 2016EUR (€)$ / €	Jun. 30, 2016GBP (£)$ / €
Derivative [Line Items]
Number of option contracts exercised			15	13
Gains (losses) from option contracts exercised | $	$ 0.2	$ 4	$ 1.9	$ 6.2
Forward and Option Contracts [Member]
Derivative [Line Items]
Number of forward contracts included in option contracts available to sell			1
Notional value of forward contracts					€ 8,000,000	£ 6,000,000
Weighted average forward rate at June 30 | $ / €					1.45	1.45

Financial Instruments and Fai65

Financial Instruments and Fair Value Measurements - Summary of Gains (Losses) From Change in Fair Value of Derivative Instruments Included in Other Comprehensive Income (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total derivative instruments	$ 15,586	$ (29,446)	$ 7,602	$ 37,541
Total derivative and nonderivative hedging instruments	107,002	(140,983)	(62,171)	260,944
Designated As Hedging Instrument [Member] | Derivative Net Investment Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total derivative instruments	21,512	(28,984)	29,420	34,194
Designated As Hedging Instrument [Member] | Interest Rate Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total derivative instruments	(2,672)	(2,341)	(13,790)	(759)
Designated As Hedging Instrument [Member] | Our Share of Derivatives from Unconsolidated Co-Investment Ventures [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total derivative instruments	(3,223)	1,879	(7,994)	4,106
Designated As Hedging Instrument [Member] | Cash Flow Hedge [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total derivative instruments	(31)	0	(34)	0
Non-Derivative Net Investment Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Nonderivative net investment hedges	$ 91,416	$ (111,537)	$ (69,773)	$ 223,403

Financial Instruments and Fai66

Financial Instruments and Fair Value Measurements - Summary of Gains (Losses) From Change in Fair Value of Derivative Instruments Included in Other Comprehensive Income (Parenthetical) (Detail) € in Billions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2016EUR (€)	Dec. 31, 2015USD ($)	Dec. 31, 2015EUR (€)
Derivative Instruments Gain Loss [Line Items]
Amount received from (paid for) on settlement of net investment hedges	$ 15,900,000	$ 120,100,000	$ 16,800,000	$ 121,500,000
Interest expense reclassified	76,455,000	68,902,000	157,267,000	137,663,000
Debt	11,139,415,000		11,139,415,000				$ 11,626,831,000
Amount of gain (loss) included in AOCI	(23,061,000)	74,937,000	(21,600,000)	(49,342,000)
Forward Contracts
Derivative Instruments Gain Loss [Line Items]
Amount of gain (loss) included in AOCI	0	$ (5,400,000)	0	$ 10,000,000
Designated As Hedging Instrument [Member] | Forward Contracts
Derivative Instruments Gain Loss [Line Items]
Debt	3,500,000,000		3,500,000,000			€ 3.2	$ 3,500,000,000	€ 3.2
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Derivative Instruments Gain Loss [Line Items]
Interest expense reclassified	$ 1,100,000		$ 2,100,000
Scenario Forecast | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Derivative Instruments Gain Loss [Line Items]
Interest expense reclassified					$ 6,300,000

Financial Instruments and Fai67

Financial Instruments and Fair Value Measurements - Carrying Amounts and Estimated Fair Values of Debt (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value of Debt	$ 11,139,415	$ 11,626,831
Fair Value of Debt	11,912,310	12,017,527
Credit Facilities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value of Debt	0	0
Fair Value of Debt	0	0
Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value of Debt	6,603,070	6,516,392
Fair Value of Debt	7,234,087	6,801,118
Secured Mortgage Debt [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value of Debt	901,071	1,172,473
Fair Value of Debt	996,779	1,262,778
Term Loans And Other Debt [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value of Debt	1,844,717	2,115,457
Fair Value of Debt	1,877,264	2,128,270
Secured Mortgage Debt of Consolidated Entities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value of Debt	1,790,557	1,822,509
Fair Value of Debt	$ 1,804,180	$ 1,825,361

Business Segments - Additional

Business Segments - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2016Segment
Segment Reporting [Abstract]
Number of operating segments	2

Business Segments - Segment Rep

Business Segments - Segment Reporting, Reconciliation of Revenues, Operating Income and Assets (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Total revenues	$ 602,155	$ 510,404	$ 1,208,455	$ 973,251
Consolidated net earnings	142,348	87,348	271,546	171,229
General and administrative expenses	(56,934)	(51,974)	(107,477)	(103,280)
Depreciation and amortization expenses	(230,382)	(190,188)	(480,382)	(359,996)
Earnings from unconsolidated entities, net	41,454	41,784	99,765	72,826
Interest expense	(76,455)	(68,902)	(157,267)	(137,663)
Interest and other income, net	1,527	1,847	4,118	12,896
Gains on dispositions of investments in real estate, net	200,350	108,782	344,667	386,497
Foreign currency and derivative gains (losses), net	(10,335)	(25,512)	(24,546)	9,054
Gains (losses) on early extinguishment of debt, net	2,044	(236)	992	(16,525)
Consolidated net earnings (loss)	158,585	57,763	267,729	327,085
Earnings before income taxes	300,933	145,111	539,275	498,314
Total assets	30,745,934		30,745,934		$ 31,394,767
Investments in and advances to unconsolidated entities	4,483,804		4,483,804		4,755,620
Assets held for sale or contribution	393,434		393,434		378,423
Notes receivable backed by real estate	33,800		33,800		235,050
Cash and cash equivalents	332,221	351,025	332,221	351,025	264,080	$ 350,692
Other assets	1,467,463		1,467,463		1,514,510
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenues	602,155	510,404	1,208,455	973,251
Consolidated net earnings	429,664	329,510	859,405	634,505
Total assets	25,247,167		25,247,167		25,470,558
Operating Segments [Member] | Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Total revenues	550,833	463,358	1,107,467	884,180
Consolidated net earnings	406,208	307,411	811,576	595,563
Total assets	25,176,895		25,176,895		25,399,230
Operating Segments [Member] | Strategic Capital [Member]
Segment Reporting Information [Line Items]
Total revenues	51,322	47,046	100,988	89,071
Consolidated net earnings	23,456	22,099	47,829	38,942
Total assets	70,272		70,272		71,328
Operating Segments [Member] | U.S. [Member] | Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Total revenues	501,707	418,494	1,012,864	794,692
Consolidated net earnings	369,785	278,128	745,503	537,706
Total assets	21,377,414		21,377,414		22,030,457
Operating Segments [Member] | U.S. [Member] | Strategic Capital [Member]
Segment Reporting Information [Line Items]
Total revenues	9,580	10,103	18,936	19,460
Consolidated net earnings	827	1,429	2,536	3,009
Total assets	18,727		18,727		19,363
Operating Segments [Member] | Other Americas [Member] | Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Total revenues	15,083	13,835	29,039	28,267
Consolidated net earnings	10,517	8,930	18,731	18,773
Total assets	1,023,165		1,023,165		919,381
Operating Segments [Member] | Other Americas [Member] | Strategic Capital [Member]
Segment Reporting Information [Line Items]
Total revenues	5,693	7,013	11,058	12,582
Consolidated net earnings	3,052	4,825	6,167	7,758
Operating Segments [Member] | Europe [Member] | Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Total revenues	19,540	16,681	36,329	35,450
Consolidated net earnings	15,335	10,143	26,954	21,081
Total assets	1,424,352		1,424,352		1,291,991
Operating Segments [Member] | Europe [Member] | Strategic Capital [Member]
Segment Reporting Information [Line Items]
Total revenues	25,519	21,001	47,788	39,394
Consolidated net earnings	18,443	14,330	33,749	26,125
Total assets	49,636		49,636		49,960
Operating Segments [Member] | Asia [Member] | Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Total revenues	14,503	14,348	29,235	25,771
Consolidated net earnings	10,571	10,210	20,388	18,003
Total assets	1,351,964		1,351,964		1,157,401
Operating Segments [Member] | Asia [Member] | Strategic Capital [Member]
Segment Reporting Information [Line Items]
Total revenues	10,530	8,929	23,206	17,635
Consolidated net earnings	1,134	1,515	5,377	2,050
Total assets	1,909		1,909		2,005
Reconciling Items [Member]
Segment Reporting Information [Line Items]
General and administrative expenses	(56,934)	(51,974)	(107,477)	(103,280)
Depreciation and amortization expenses	(230,382)	(190,188)	(480,382)	(359,996)
Earnings from unconsolidated entities, net	41,454	41,784	99,765	72,826
Interest expense	(76,455)	(68,902)	(157,267)	(137,663)
Interest and other income, net	1,527	1,847	4,118	12,896
Gains on dispositions of investments in real estate, net	200,350	108,782	344,667	386,497
Foreign currency and derivative gains (losses), net	(10,335)	(25,512)	(24,546)	9,054
Gains (losses) on early extinguishment of debt, net	2,044	(236)	992	(16,525)
Consolidated net earnings (loss)	(128,731)	$ (184,399)	(320,130)	$ (136,191)
Total assets	5,498,767		5,498,767		5,924,209
Investments in and advances to unconsolidated entities	4,483,804		4,483,804		4,755,620
Assets held for sale or contribution	393,434		393,434		378,423
Notes receivable backed by real estate	33,800		33,800		235,050
Cash and cash equivalents	332,221		332,221		264,080
Other assets	$ 255,508		$ 255,508		$ 291,036

Supplemental Cash Flow Inform70

Supplemental Cash Flow Information - Additional Information (Detail) - USD ($) shares in Thousands, $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Supplemental Cash Flow Information [Line Items]
Capitalization for equity based compensation expense		$ 13.3	$ 11.5
Equity ownership interest received	$ 50.2
Note receivable as portion of proceeds from contribution of properties	$ 16.3
Interest paid in cash, net of amounts capitalized		197.9	185.4
Cash paid for income taxes, net of refunds		$ 14.4	$ 12
Limited Partners [Member] | Prologis, L.P. [Member] | Common [Member]
Supplemental Cash Flow Information [Line Items]
Conversion of limited partners units, shares		(915)