Prologis (PLD) 10-Q 3 Nov 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Oct. 28, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
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		528,614,000

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
ASSETS
Investments in real estate properties	$ 27,570,704	$ 27,521,368
Less accumulated depreciation	3,638,688	3,274,284
Net investments in real estate properties	23,932,016	24,247,084
Investments in and advances to unconsolidated entities	4,580,584	4,755,620
Assets held for sale or contribution	450,349	378,423
Notes receivable backed by real estate	33,800	235,050
Net investments in real estate	28,996,749	29,616,177
Cash and cash equivalents	375,120	264,080
Other assets	1,516,340	1,514,510
Total assets	30,888,209	31,394,767
Liabilities:
Debt	11,256,997	11,626,831
Accounts payable and accrued expenses	672,111	712,725
Other liabilities	675,831	634,375
Total liabilities	12,604,939	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 September 30, 2016, and December 31, 2015	78,235	78,235
Common stock: $0.01 par value; 528,599 shares and 524,512 shares issued and outstanding at September 30, 2016, and December 31, 2015, respectively	5,286	5,245
Additional paid-in capital	19,433,001	19,302,367
Accumulated other comprehensive loss	(889,223)	(791,429)
Distributions in excess of net earnings	(3,828,132)	(3,926,483)
Total Prologis, Inc. stockholders’ equity	14,799,167	14,667,935
Partners' capital:
Total partners’ capital	0	0
Noncontrolling interests	3,484,103	3,752,901
Total equity	18,283,270	18,420,836
Total liabilities and equity	30,888,209	31,394,767
Prologis, L.P. [Member]
ASSETS
Investments in real estate properties	27,570,704	27,521,368
Less accumulated depreciation	3,638,688	3,274,284
Net investments in real estate properties	23,932,016	24,247,084
Investments in and advances to unconsolidated entities	4,580,584	4,755,620
Assets held for sale or contribution	450,349	378,423
Notes receivable backed by real estate	33,800	235,050
Net investments in real estate	28,996,749	29,616,177
Cash and cash equivalents	375,120	264,080
Other assets	1,516,340	1,514,510
Total assets	30,888,209	31,394,767
Liabilities:
Debt	11,256,997	11,626,831
Accounts payable and accrued expenses	672,111	712,725
Other liabilities	675,831	634,375
Total liabilities	12,604,939	12,973,931
Partners' capital:
Total partners’ capital	15,190,282	15,100,609
Noncontrolling interests	3,092,988	3,320,227
Total capital	18,283,270	18,420,836
Total liabilities and equity	30,888,209	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	14,720,932	14,589,700
Limited partners	148,599	186,683
Prologis, L.P. [Member] | Class A Capital [Member]
Partners' capital:
Limited partners	$ 242,516	$ 245,991

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 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	528,599,000	524,512,000
Common stock, shares outstanding	528,599,000	524,512,000

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Revenues:
Rental	$ 435,868	$ 418,116	$ 1,299,122	$ 1,100,491
Rental recoveries	124,409	114,639	361,402	312,510
Strategic capital	140,577	44,176	241,565	133,247
Development management and other	3,711	3,691	10,931	7,625
Total revenues	704,565	580,622	1,913,020	1,553,873
Expenses:
Rental	140,514	140,284	427,820	393,199
Strategic capital	44,624	26,532	97,783	76,661
General and administrative	58,157	54,178	165,634	157,458
Depreciation and amortization	224,867	247,471	705,249	607,467
Other	3,779	8,765	12,364	44,467
Total expenses	471,941	477,230	1,408,850	1,279,252
Operating income	232,624	103,392	504,170	274,621
Other income (expense):
Earnings from unconsolidated entities, net	45,857	33,557	145,622	106,383
Interest expense	(75,310)	(81,035)	(232,577)	(218,698)
Interest and other income, net	2,932	6,237	7,051	19,133
Gains on dispositions of investments in real estate, net	117,296	268,791	461,963	655,288
Foreign currency and derivative losses, net	(1,730)	(9,428)	(26,277)	(374)
Gains (losses) on early extinguishment of debt, net	1,492	0	2,484	(16,525)
Total other income	90,537	218,122	358,266	545,207
Earnings before income taxes	323,161	321,514	862,436	819,828
Total income tax expense	15,919	14,328	36,598	21,070
Consolidated net earnings	307,242	307,186	825,838	798,758
Less net earnings attributable to noncontrolling interests	26,316	46,536	58,103	49,314
Net earnings attributable to controlling interests	280,926	260,650	767,735	749,444
Less preferred stock/unit dividends/distributions	1,671	1,671	5,056	5,019
Net earnings attributable to common stockholders/unitholders	$ 279,255	$ 258,979	$ 762,679	$ 744,425
Weighted average common shares/units outstanding – Basic	527,288	523,528	525,462	520,388
Weighted average common shares/units outstanding – Diluted	547,200	532,073	545,228	531,121
Net earnings per share attributable to common stockholders/unitholders – Basic	$ 0.53	$ 0.49	$ 1.45	$ 1.43
Net earnings per share attributable to common stockholders/unitholders – Diluted	0.52	0.49	1.44	1.41
Dividends per common share or unit	$ 0.42	$ 0.40	$ 1.26	$ 1.12
Prologis, L.P. [Member]
Revenues:
Rental	$ 435,868	$ 418,116	$ 1,299,122	$ 1,100,491
Rental recoveries	124,409	114,639	361,402	312,510
Strategic capital	140,577	44,176	241,565	133,247
Development management and other	3,711	3,691	10,931	7,625
Total revenues	704,565	580,622	1,913,020	1,553,873
Expenses:
Rental	140,514	140,284	427,820	393,199
Strategic capital	44,624	26,532	97,783	76,661
General and administrative	58,157	54,178	165,634	157,458
Depreciation and amortization	224,867	247,471	705,249	607,467
Other	3,779	8,765	12,364	44,467
Total expenses	471,941	477,230	1,408,850	1,279,252
Operating income	232,624	103,392	504,170	274,621
Other income (expense):
Earnings from unconsolidated entities, net	45,857	33,557	145,622	106,383
Interest expense	(75,310)	(81,035)	(232,577)	(218,698)
Interest and other income, net	2,932	6,237	7,051	19,133
Gains on dispositions of investments in real estate, net	117,296	268,791	461,963	655,288
Foreign currency and derivative losses, net	(1,730)	(9,428)	(26,277)	(374)
Gains (losses) on early extinguishment of debt, net	1,492	0	2,484	(16,525)
Total other income	90,537	218,122	358,266	545,207
Earnings before income taxes	323,161	321,514	862,436	819,828
Total income tax expense	15,919	14,328	36,598	21,070
Consolidated net earnings	307,242	307,186	825,838	798,758
Less net earnings attributable to noncontrolling interests	18,628	43,360	35,865	43,558
Net earnings attributable to controlling interests	288,614	263,826	789,973	755,200
Less preferred stock/unit dividends/distributions	1,671	1,671	5,056	5,019
Net earnings attributable to common stockholders/unitholders	$ 286,943	$ 262,155	$ 784,917	$ 750,181
Weighted average common shares/units outstanding – Basic	532,934	530,044	531,985	524,411
Weighted average common shares/units outstanding – Diluted	547,200	532,073	545,228	531,121
Net earnings per share attributable to common stockholders/unitholders – Basic	$ 0.53	$ 0.49	$ 1.45	$ 1.43
Net earnings per share attributable to common stockholders/unitholders – Diluted	0.52	0.49	1.44	1.41
Dividends per common share or unit	$ 0.42	$ 0.40	$ 1.26	$ 1.12

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Consolidated net earnings	$ 307,242	$ 307,186	$ 825,838	$ 798,758
Other comprehensive income (loss):
Foreign currency translation losses, net	(48,232)	(148,570)	(69,832)	(197,912)
Unrealized gains (losses) on derivative contracts, net	4,696	(15,660)	(17,122)	(12,313)
Comprehensive income	263,706	142,956	738,884	588,533
Net earnings attributable to noncontrolling interests	(26,316)	(46,536)	(58,103)	(49,314)
Other comprehensive loss (income) attributable to noncontrolling interest	2,392	18,925	(10,840)	33,992
Comprehensive income attributable to common stockholders / unitholders	239,782	115,345	669,941	573,211
Prologis, L.P. [Member]
Consolidated net earnings	307,242	307,186	825,838	798,758
Other comprehensive income (loss):
Foreign currency translation losses, net	(48,232)	(148,570)	(69,832)	(197,912)
Unrealized gains (losses) on derivative contracts, net	4,696	(15,660)	(17,122)	(12,313)
Comprehensive income	263,706	142,956	738,884	588,533
Net earnings attributable to noncontrolling interests	(18,628)	(43,360)	(35,865)	(43,558)
Other comprehensive loss (income) attributable to noncontrolling interest	1,406	17,104	(13,438)	31,788
Comprehensive income attributable to common stockholders / unitholders	$ 246,484	$ 116,700	$ 689,581	$ 576,763

Consolidated Statement of Equit

Consolidated Statement of Equity - 9 months ended Sep. 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	$ 825,838		$ 0			767,735	58,103
Effect of equity compensation plans	94,051		$ 22	75,258			18,771
Effect of equity compensation plans, shares			2,220
Issuance of units related to acquisitions	3,162		$ 0				3,162
Settlement of noncontrolling interests	(2,128)		0	851			$ (2,979)
Settlement of noncontrolling interests, shares							0
Conversion of noncontrolling interests	0		$ 19	51,931			$ (51,950)
Conversion of noncontrolling interests, shares			1,867
Capital contributions	1,026						1,026
Foreign currency translation gains (losses), net	(69,832)				(81,115)		11,283
Unrealized losses on derivative contracts, net	(17,122)				(16,679)		(443)
Reallocation of equity	0		$ 0	2,770			(2,770)
Distributions and other	(972,561)		$ 0	(176)		(669,384)	(303,001)
Distributions and other, shares			0
Balance at Sep. 30, 2016	$ 18,283,270	$ 78,235	$ 5,286	$ 19,433,001	$ (889,223)	$ (3,828,132)	$ 3,484,103
Balance, shares at Sep. 30, 2016	528,599		528,599

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Operating activities:
Consolidated net earnings	$ 825,838	$ 798,758
Adjustments to reconcile net earnings to net cash provided by operating activities:
Straight-lined rents and amortization of above and below market leases	(74,664)	(37,537)
Equity-based compensation awards	43,658	40,124
Depreciation and amortization	705,249	607,467
Earnings from unconsolidated entities, net	(145,622)	(106,383)
Distributions from unconsolidated entities	210,439	205,931
Net changes in operating receivables from unconsolidated entities	(56,992)	(20,153)
Amortization of debt premiums, net of deferred financing costs	(13,047)	(22,271)
Gains on dispositions of investments in real estate, net	(461,963)	(655,288)
Unrealized foreign currency and derivative losses, net	21,266	6,931
Losses (gains) on early extinguishment of debt, net	(2,484)	16,525
Deferred income tax benefit	(1,737)	(1,758)
Increase in accounts receivable and other assets	(48,231)	(68,243)
Decrease in accounts payable and accrued expenses and other liabilities	(4,699)	(7,546)
Net cash provided by operating activities	997,011	756,557
Investing activities:
Real estate development	(1,225,613)	(950,199)
Real estate acquisitions	(280,797)	(571,368)
Tenant improvements and lease commissions on previously leased space	(125,041)	(108,662)
Nondevelopment capital expenditures	(66,298)	(51,374)
Proceeds from dispositions and contributions of real estate properties	1,859,317	1,814,532
Investments in and advances to unconsolidated entities	(228,588)	(438,964)
Return of investment from unconsolidated entities	579,134	14,909
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	730,132	(4,969,235)
Financing activities:
Proceeds from issuance of common stock	38,101	84,112
Dividends paid on common and preferred stock	(669,384)	(592,795)
Noncontrolling interests contributions	1,026	2,354,468
Noncontrolling interests distributions	(301,268)	(157,517)
Purchase of noncontrolling interests	(2,979)	(2,560)
Tax paid for shares withheld	(7,862)	(12,292)
Debt and equity issuance costs paid	(19,265)	(18,476)
Net proceeds from (payments on) credit facilities	(3,545)	199,958
Repurchase and payments of debt	(1,675,818)	(913,178)
Proceeds from issuance of debt	1,012,331	3,239,261
Net cash provided by (used in) financing activities	(1,628,663)	4,180,981
Effect of foreign currency exchange rate changes on cash	12,560	(8,562)
Net increase in cash and cash equivalents	111,040	(40,259)
Cash and cash equivalents, beginning of period	264,080	350,692
Cash and cash equivalents, end of period	375,120	310,433
Prologis, L.P. [Member]
Operating activities:
Consolidated net earnings	825,838	798,758
Adjustments to reconcile net earnings to net cash provided by operating activities:
Straight-lined rents and amortization of above and below market leases	(74,664)	(37,537)
Equity-based compensation awards	43,658	40,124
Depreciation and amortization	705,249	607,467
Earnings from unconsolidated entities, net	(145,622)	(106,383)
Distributions from unconsolidated entities	210,439	205,931
Net changes in operating receivables from unconsolidated entities	(56,992)	(20,153)
Amortization of debt premiums, net of deferred financing costs	(13,047)	(22,271)
Gains on dispositions of investments in real estate, net	(461,963)	(655,288)
Unrealized foreign currency and derivative losses, net	21,266	6,931
Losses (gains) on early extinguishment of debt, net	(2,484)	16,525
Deferred income tax benefit	(1,737)	(1,758)
Increase in accounts receivable and other assets	(48,231)	(68,243)
Decrease in accounts payable and accrued expenses and other liabilities	(4,699)	(7,546)
Net cash provided by operating activities	997,011	756,557
Investing activities:
Real estate development	(1,225,613)	(950,199)
Real estate acquisitions	(280,797)	(571,368)
Tenant improvements and lease commissions on previously leased space	(125,041)	(108,662)
Nondevelopment capital expenditures	(66,298)	(51,374)
Proceeds from dispositions and contributions of real estate properties	1,859,317	1,814,532
Investments in and advances to unconsolidated entities	(228,588)	(438,964)
Return of investment from unconsolidated entities	579,134	14,909
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	730,132	(4,969,235)
Financing activities:
Proceeds from issuance of common stock	38,101	84,112
Dividends paid on common and preferred stock	(698,647)	(600,186)
Noncontrolling interests contributions	1,026	2,354,468
Noncontrolling interests distributions	(272,856)	(150,523)
Purchase of noncontrolling interests	(2,128)	(2,163)
Tax paid for shares withheld	(7,862)	(12,292)
Debt and equity issuance costs paid	(19,265)	(18,476)
Net proceeds from (payments on) credit facilities	(3,545)	199,958
Repurchase and payments of debt	(1,675,818)	(913,178)
Proceeds from issuance of debt	1,012,331	3,239,261
Net cash provided by (used in) financing activities	(1,628,663)	4,180,981
Effect of foreign currency exchange rate changes on cash	12,560	(8,562)
Net increase in cash and cash equivalents	111,040	(40,259)
Cash and cash equivalents, beginning of period	264,080	350,692
Cash and cash equivalents, end of period	375,120	310,433
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 ($) shares in Thousands, $ in Thousands	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2016	Dec. 31, 2015
Consolidated net earnings	$ 307,242	$ 825,838
Effect of equity compensation plans		94,051
Issuance of units related to acquisitions		3,162
Capital contributions		1,026
Foreign currency translation gains (losses), net	(48,232)	(69,832)
Unrealized losses on derivative contracts, net	$ 4,696	(17,122)
Non-controlling Interests [Member]
Consolidated net earnings		58,103
Effect of equity compensation plans		18,771
Issuance of units related to acquisitions		3,162
Capital contributions		1,026
Foreign currency translation gains (losses), net		11,283
Unrealized losses on derivative contracts, net		$ (443)
Class A Capital [Member]
Beginning balance, Units		8,900
Conversion of limited partners units, shares		8,700	8,800
Ending balance, Units	8,900	8,900	8,900
Prologis, L.P. [Member]
Beginning balance		$ 18,420,836
Consolidated net earnings	$ 307,242	825,838
Effect of equity compensation plans		94,051
Issuance of units related to acquisitions		3,162
Settlement of noncontrolling interests		(2,128)
Capital contributions		1,026
Foreign currency translation gains (losses), net	(48,232)	(69,832)
Unrealized losses on derivative contracts, net	4,696	(17,122)
Distributions and other		(972,561)
Ending balance	18,283,270	18,283,270	$ 18,420,836
Prologis, L.P. [Member] | Non-controlling Interests [Member]
Beginning balance		3,320,227
Consolidated net earnings		35,865
Settlement of noncontrolling interests		(2,979)
Capital contributions		1,026
Foreign currency translation gains (losses), net		13,438
Distributions and other		(274,589)
Ending balance	3,092,988	3,092,988	3,320,227
General Partner [Member] | Prologis, L.P. [Member] | Preferred [Member]
Beginning balance		$ 78,235
Beginning balance, Units		1,565
Ending balance	$ 78,235	$ 78,235	$ 78,235
Ending balance, Units	1,565	1,565	1,565
General Partner [Member] | Prologis, L.P. [Member] | Common [Member]
Beginning balance		$ 14,589,700
Beginning balance, Units		524,512
Consolidated net earnings		$ 767,735
Effect of equity compensation plans		$ 75,280
Effect of equity compensation plans, shares		2,220
Settlement of noncontrolling interests		$ 851
Conversion of limited partners units		$ 51,950
Conversion of limited partners units, shares		1,867
Foreign currency translation gains (losses), net		$ (81,115)
Unrealized losses on derivative contracts, net		(16,679)
Reallocation of capital		2,770
Distributions and other		(669,560)
Ending balance	$ 14,720,932	$ 14,720,932	$ 14,589,700
Ending balance, Units	528,599	528,599	524,512
Limited Partners [Member] | Prologis, L.P. [Member] | Common [Member]
Beginning balance		$ 186,683
Beginning balance, Units		6,711
Consolidated net earnings		$ 9,469
Effect of equity compensation plans		$ 18,771
Effect of equity compensation plans, shares		440
Issuance of units related to acquisitions		$ 3,162
Issuance of units related to acquisition, shares		72
Conversion of limited partners units		$ (51,950)
Conversion of limited partners units, shares		(1,867)
Foreign currency translation gains (losses), net		$ (819)
Unrealized losses on derivative contracts, net		(168)
Reallocation of capital		(5,391)
Distributions and other		$ (11,158)
Distributions and other, shares		(20)
Ending balance	$ 148,599	$ 148,599	$ 186,683
Ending balance, Units	5,336	5,336	6,711
Limited Partners [Member] | Prologis, L.P. [Member] | Class A Capital [Member]
Beginning balance		$ 245,991
Beginning balance, Units		8,894
Consolidated net earnings		$ 12,769
Foreign currency translation gains (losses), net		(1,336)
Unrealized losses on derivative contracts, net		(275)
Reallocation of capital		2,621
Distributions and other		(17,254)
Ending balance	$ 242,516	$ 242,516	$ 245,991
Ending balance, Units	8,894	8,894	8,894

General

General	9 Months Ended
	Sep. 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 September 30, 2016, the Parent owned an approximate 97.41% common general partnership interest in the Operating Partnership and 100% of the preferred units in the Operating Partnership. The remaining approximate 2.59% 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. See below in our New Accounting Pronouncements for further discussion on these reclassifications. New Accounting Pronouncements. In August 2016, the Financial Accounting Standards Board (“FASB”) issued an accounting standard update that provides guidance for areas in which there are diversity in how certain cash receipts and payments are presented and classified in the statements of cash flows. The update clarifies the classification methodology within the statements of cash flows for eight specific topics including classification for debt prepayment or extinguishment costs, proceeds from the settlement of insurance claims and distributions received from equity method investments. We early adopted the standard in its entirety on a retrospective basis for all periods presented at September 30, 2016, and we determined that the only clarification to impact us was the classification of distributions received from equity method investments. The update allows for the election to classify distributions received from equity method investments based on either a cumulative earnings approach or a nature of distribution approach. We have elected the nature of distribution approach, in which cash flows generated from the operations of an unconsolidated entity are classified as a return on investment (cash inflow from operating activities) and cash flows that are generated from property sales or debt refinancing are classified as a return of investment (cash inflow from investing activities). We adopted this approach based on the availability of the information to us to determine the nature of the underlying activity that generated the distributions from unconsolidated entities. As a result of our adoption of this standard, we included $40.6 million of distributions from our unconsolidated entities in cash flows provided by operating activities for the nine months ended September 30, 2016, that had previously been reported as cash flows used in investing activities in the Consolidated Statements of Cash Flows. In addition, we reclassified $94.5 million of distributions from our unconsolidated entities into cash flows provided by operating activities that was previously reported as cash flows used in investing activities for the nine months ended September 30, 2015. In March 2016, the 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 of taxes paid to a tax authority by us when we withhold shares to cover employee withholding tax payments for certain stock compensation plans in the statements of cash flows. We early adopted the standard in its entirety on a retrospective basis for periods presented at September 30, 2016. As a result of our adoption of this standard, we included payments of $7.9 million related to shares withheld to pay employee withholding taxes for certain stock compensation plans in cash flows used in financing activities for the nine months ended September 30, 2016, that had previously been reported as cash flows provided by operating activities in the Consolidated Statements of Cash Flows. In addition, we reclassified payments of $12.3 million from cash flows provided by operating activities to cash flows used in financing activities for the nine months ended September 30, 2015. In February 2016, the FASB issued an accounting standard that provides the principles for the recognition, measurement, presentation and disclosure of leases. Under the standard, lessees apply a dual approach, classifying leases as either finance or operating leases. A lessee is required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months, regardless of their lease classification. We are a lessee on ground leases in certain markets and office space leases. Although the accounting for lessors will remain largely unchanged from current GAAP, the new standard requires a lessor to classify leases as either sales-type, finance or operating. The standard also requires that lessors expense certain initial direct costs, which are capitalizable under existing standards, as incurred. The standard is effective for us for annual and interim reporting periods beginning after December 15, 2018, with early adoption permitted. We are currently assessing the timing, method of adoption and the overall impact the adoption 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 variable interest entities (“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	9 Months Ended
	Sep. 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, 2015. The pro forma information does not reflect the actual results of operations had the transaction actually been completed on January 1, 2015, and it is not indicative of future operating results. The results for the nine months ended September 30, 2015, include approximately four months of actual results for the acquisition, which includes the acquisition expenses, and five months of pro forma adjustments. Actual results in 2015 include rental income and rental expenses of the properties acquired of $132.7 million and $30.0 million, respectively, representing the period from acquisition through September 30, 2015. The following amounts are in thousands, except per share amounts: Nine Months Ended September 30, 2015 Total revenues $ 1,715,540 Net earnings attributable to common stockholders $ 756,302 Net earnings per share attributable to common stockholders – Basic $ 1.45 Net earnings per share attributable to common stockholders – Diluted $ 1.43 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	9 Months Ended
	Sep. 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 Number of Buildings September 30, December 31, September 30, December 31, September 30, December 31, 2016 2015 2016 2015 2016 2015 Industrial operating properties: Improved land $ 5,939,404 $ 5,874,052 Buildings and improvements 333,957 333,830 1,801 1,872 17,936,886 17,861,693 Development portfolio, including land costs: Prestabilized 10,561 12,598 29 28 1,063,689 918,099 Properties under development 16,116 19,630 51 63 745,313 954,804 Land (1) 1,352,600 1,359,794 Other real estate investments (2) 532,812 552,926 Total investments in real estate properties 27,570,704 27,521,368 Less accumulated depreciation 3,638,688 3,274,284 Net investments in real estate properties $ 23,932,016 $ 24,247,084 (1) Included in our investments in real estate at September 30, 2016, and December 31, 2015, were 6,650 and 7,404 acres of land, respectively. (2) Included in other real estate investments are: (i) non-industrial real estate; (ii) land parcels that are ground leased to third parties; (iii) our corporate office buildings; (iv) infrastructure costs related to projects we are developing on behalf of others; (v) costs related to future development projects, including purchase options on land; and (vi) earnest money deposits associated with potential acquisitions. Acquisitions The following table summarizes our real estate acquisition activity for the nine months ended September 30 (dollars and square feet in thousands): 2016 2015 Acquisitions of operating properties from third parties Number of industrial operating properties 7 27 Square feet 931 3,651 Real estate acquisition value $ 86,840 $ 305,519 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 nine months ended September 30 (dollars and square feet in thousands): 2016 2015 Contributions to unconsolidated co-investment ventures Number of properties 21 23 Square feet 6,676 6,659 Net proceeds $ 649,511 $ 662,645 Net gains on contributions $ 132,787 $ 111,307 Dispositions to third parties Number of properties 147 75 Square feet 15,606 12,723 Net proceeds (1) $ 1,300,209 $ 1,347,755 Net gains on dispositions (1) $ 242,561 $ 543,981 Total net gains on contributions and dispositions $ 375,348 $ 655,288 Gains on redemption of investment in co-investment ventures (2) 86,615 - Total gains on dispositions of investments in real estate, net $ 461,963 $ 655,288 (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	9 Months Ended
	Sep. 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): September 30, December 31, 2016 2015 Unconsolidated co-investment ventures $ 4,422,840 $ 4,585,427 Other ventures 157,744 170,193 Totals $ 4,580,584 $ 4,755,620 Unconsolidated Co-Investment Ventures The amounts recognized in Strategic Capital Revenues Earnings from Unconsolidated Entities, Net Strategic Capital 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 September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Strategic capital revenues and other revenues: U.S. $ 9,565 $ 9,866 $ 27,739 $ 28,027 Other Americas 5,806 4,232 16,864 17,046 Europe (1) 113,457 20,652 160,904 60,046 Asia 11,202 8,760 34,249 26,165 Total strategic capital revenues 140,030 43,510 239,756 131,284 Development management and other revenues 2,366 1,847 6,715 5,033 Total strategic capital revenues and other revenues $ 142,396 $ 45,357 $ 246,471 $ 136,317 Earnings from unconsolidated co-investment ventures, net: U.S. $ 1,763 $ 2,969 $ 9,140 $ 3,930 Other Americas 8,077 7,589 20,885 21,186 Europe 29,802 20,871 90,395 69,685 Asia 4,905 1,188 12,253 8,903 Total earnings from unconsolidated co-investment ventures, net $ 44,547 $ 32,617 $ 132,673 $ 103,704 (1) In September 2016, we earned promotes from Prologis Targeted Logistics Fund (“PTELF”) and Prologis European Properties Fund II (“PEP II”), each based on the venture’s cumulative returns to the investors over the last three years. The third parties’ share of the promotes that were recognized in Strategic Capital Revenues The following tables summarize the operating information and financial position of our unconsolidated co-investment ventures (not our proportionate share), as presented at our adjusted basis derived from the ventures’ U.S. GAAP information: September 30, December 31, September 30, (dollars and square feet in millions) 2016 2015 2015 U.S.: Number of ventures 1 1 1 Number of properties owned 366 391 401 Square feet 49 50 51 Total assets $ 4,167 $ 4,408 $ 4,433 Third-party debt $ 1,421 $ 1,433 $ 1,459 Total liabilities $ 1,509 $ 1,550 $ 1,557 Our investment balance (1) (3) $ 514 $ 690 $ 703 Our weighted average ownership (2) (3) 17.8 % 22.5 % 22.6 % Other Americas: Number of ventures 2 2 2 Number of properties owned 209 205 201 Square feet 41 39 38 Total assets $ 2,679 $ 2,482 $ 2,433 Third-party debt $ 671 $ 657 $ 562 Total liabilities $ 754 $ 708 $ 605 Our investment balance (1) $ 851 $ 786 $ 777 Our weighted average ownership (2) 43.7 % 43.8 % 43.9 % Europe: Number of ventures 4 4 4 Number of properties owned 694 688 683 Square feet 160 159 159 Total assets $ 11,291 $ 11,343 $ 11,711 Third-party debt $ 2,628 $ 2,640 $ 2,763 Total liabilities $ 3,620 $ 3,584 $ 3,743 Our investment balance (1) (3) (4) $ 2,565 $ 2,707 $ 2,796 Our weighted average ownership (2) (3) 36.3 % 38.9 % 39.5 % Asia: Number of ventures 2 2 2 Number of properties owned 79 66 57 Square feet 34 29 27 Total assets $ 5,439 $ 4,320 $ 4,234 Third-party debt $ 2,004 $ 1,520 $ 1,733 Total liabilities $ 2,313 $ 1,751 $ 1,955 Our investment balance (1) $ 493 $ 402 $ 355 Our weighted average ownership (2) 15.0 % 15.0 % 15.0 % Total: Number of ventures 9 9 9 Number of properties owned 1,348 1,350 1,342 Square feet 284 277 275 Total assets $ 23,576 $ 22,553 $ 22,811 Third-party debt $ 6,724 $ 6,250 $ 6,517 Total liabilities $ 8,196 $ 7,593 $ 7,860 Our investment balance (1) $ 4,423 $ 4,585 $ 4,631 Our weighted average ownership (2) 28.9 % 31.6 % 32.1 % Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2016 2015 2016 2015 U.S.: Revenues $ 99,598 $ 97,144 $ 295,568 $ 284,514 Net earnings $ 11,128 $ 14,056 $ 46,988 $ 19,859 Other Americas: Revenues $ 62,557 $ 55,052 $ 178,640 $ 172,534 Net earnings $ 20,157 $ 19,505 $ 53,506 $ 57,747 Europe: Revenues $ 232,853 $ 237,914 $ 724,436 $ 702,772 Net earnings $ 76,382 $ 50,504 $ 217,781 $ 168,947 Asia: Revenues $ 91,047 $ 68,451 $ 253,309 $ 204,629 Net earnings $ 29,930 $ 10,097 $ 73,779 $ 55,717 Total: Revenues $ 486,055 $ 458,561 $ 1,451,953 $ 1,364,449 Net earnings $ 137,597 $ 94,162 $ 392,054 $ 302,270 (1) The difference between our ownership interest of a venture’s equity and our investment balance, at September 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 ($444.4 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 ($256.9 million and $189.7 million, respectively). Included in the advances to our ventures at September 30, 2016, and December 31, 2015, were receivables from Nippon Prologis REIT, Inc. (“NPR”) of $110.6 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 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 (4 ) At September 30, 2016, we had $95.8 million of receivables associated with the promotes discussed above, including $57.0 million from the third party investors in PEP II. Equity Commitments Related to Certain Unconsolidated Co-Investment Ventures The following table summarizes the remaining equity commitments at September 30, 2016 (in millions): Equity Commitments Expiration Date for Remaining Commitments Prologis Venture Partners Total Prologis Targeted U.S. Logistics Fund $ - $ 219 $ 219 2016 - 2017 Prologis Targeted Europe Logistics Fund (1) - 478 478 2016 - 2017 Prologis China Logistics Venture (2) 299 1,697 1,996 2016 - 2017 Totals $ 299 $ 2,394 $ 2,693 (1) Equity commitments are denominated in euro and reported in U.S. dollars based on an exchange rate of $1.12 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	9 Months Ended
	Sep. 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 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): September 30, December 31, 2016 2015 Number of operating properties 18 17 Square feet 6,191 5,065 Total assets held for sale or contribution $ 450,349 $ 378,423 Total liabilities associated with assets held for sale or contribution – included in Other Liabilities $ 4,693 $ 6,874

Notes Receivable Backed by Real

Notes Receivable Backed by Real Estate	9 Months Ended
	Sep. 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 September 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	9 Months Ended
	Sep. 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): September 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 % 6,625,291 3.3 % 6,516,392 Term loans 1.5 % 1,876,600 2.1 % 2,100,009 Unsecured other 6.2 % 14,911 6.2 % 15,448 Secured mortgages 4.6 % 1,053,742 5.1 % 1,172,473 Secured mortgages of consolidated entities 3.0 % 1,686,453 2.9 % 1,822,509 Totals 3.1 % $ 11,256,997 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 ($1.5 billion) and Canadian dollars ($429.2 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 ($444.1 million at September 30, 2016) Japanese yen revolver (the “Revolver”) with availability to increase to ¥56.5 billion ($557.6 million at September 30, 2016), 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 September 30, 2016 (in thousands): Aggregate lender commitments $ 3,472,147 Less: Borrowings outstanding - Outstanding letters of credit 38,849 Current availability $ 3,433,298 Term Loans In March 2016, we entered into an unsecured senior term loan agreement (the “2016 Yen Term Loan”) under which we could draw in Japanese yen in an aggregate amount not to exceed ¥11.2 billion and was scheduled to mature in March 2017. In the first quarter of 2016, we borrowed ¥11.2 billion ($99.6 million). In August 2016, we entered into an unsecured senior term loan agreement (the “Yen Term Loan”) under which we can draw in Japanese yen in an aggregate amount not to exceed ¥120.0 billion ($1.2 billion at September 30, 2016). The Yen Term Loan has two tranches, a ¥50.0 billion tranche and ¥70.0 billion tranche, both bearing interest at yen LIBOR plus 0.65% and scheduled to mature in August 2022 and August 2023, respectively. We may increase the borrowings up to ¥200.0 billion ($2.0 billion at September 30, 2016), subject to obtaining additional lender commitments. In the third quarter of 2016, we borrowed on the Yen Term Loan and used the proceeds to repay and cancel the previous outstanding Japanese yen term loans entered into in 2014 and 2015 and the 2016 Yen Term Loan. The Yen Term Loan was fully drawn at September 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 September 30, 2016 (in thousands): Unsecured Credit Senior Term Loans and Secured Mortgage Maturity Facilities Notes Other Debt Total 2016 (1) $ - $ - $ 406 $ 15,002 $ 15,408 2017 (1) (2) - - 422,725 443,564 866,289 2018 - 175,000 915 569,978 745,893 2019 - 618,294 990 462,990 1,082,274 2020 - 881,541 1,014 455,259 1,337,814 2021 - 1,281,270 1,086 141,606 1,423,962 2022 - 781,270 494,181 163,230 1,438,681 2023 - 850,000 968,795 174,681 1,993,476 2024 - 781,270 864 133,413 915,547 2025 - 750,000 938 137,746 888,684 Thereafter - 558,050 11,749 2,381 572,180 Subtotal - 6,676,695 1,903,663 2,699,850 11,280,208 Unamortized premiums (discounts), net - (21,324 ) - 50,544 29,220 Unamortized debt issuance costs, net - (30,080 ) (12,152 ) (10,199 ) (52,431 ) Totals $ - $ 6,625,291 $ 1,891,511 $ 2,740,195 $ 11,256,997 (1) We expect to repay the amounts maturing in 2016 and 2017 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 $1.9 billion of term loans outstanding at September 30, 2016, 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 September 30, 2016, we were in compliance with all covenants.

Noncontrolling Interests

Noncontrolling Interests	9 Months Ended
	Sep. 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 redeemable for cash or, at our option, shares of the Parent’s common stock, 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 ownership percentages and noncontrolling interests and the consolidated entities’ total assets and liabilities at September 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 % $ 2,445,631 $ 2,677,642 $ 6,256,419 $ 6,788,968 $ 821,488 $ 847,084 Prologis North American Industrial Fund (1) 66.1 % 66.1 % 486,353 490,444 2,493,666 2,619,241 1,048,648 1,165,617 Prologis Brazil Logistics Partners Fund I (1) (2) 50.0 % 50.0 % 60,290 49,313 137,519 100,836 633 192 Other consolidated entities (3) various various 100,714 102,828 876,317 985,188 35,879 42,811 Prologis, L.P. noncontrolling interests 3,092,988 3,320,227 9,763,921 10,494,233 1,906,648 2,055,704 Limited partners in Prologis, L.P. (4) (5) 391,115 432,674 - - - - Prologis, Inc. noncontrolling interests $ 3,484,103 $ 3,752,901 $ 9,763,921 $ 10,494,233 $ 1,906,648 $ 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 $118.8 million and $103.1 million at September 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 September 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) We had 8.9 million Class A Units that were convertible into 8.7 million and 8.8 million common limited partnership units of the Operating Partnership at September 30, 2016, and December 31, 2015, respectively. (5) At September 30, 2016, and December 31, 2015, excluding the Class A Units, there were common limited partnership units in the Operating Partnership outstanding that were exchangeable into cash or, at our option, 4.6 million shares and 6.4 million shares of the Parent’s common stock with a fair value of $245.9 million and $275.0 million, respectively, based on the closing stock price of the Parent’s common stock. In 2016, unitholders exchanged 1.9 million common limited partnership units into an equal number of shares of the Parent’s common stock with a value of $51.9 million. At September 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	9 Months Ended
	Sep. 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 stockholder 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 fourth 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 September 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 related to these promotes. A compensation pool was funded associated with promotes earned from two of our co-investment ventures in the third quarter of 2016, at which time we accrued $15.2 million in cash awards. Restricted Stock Units (“RSUs”) The following table summarizes the activity for RSUs for the nine months ended September 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 (804 ) Forfeited (36 ) Balance at September 30, 2016 1,592 $ 40.37 125 Operating Partnership Long-Term Incentive Plan Units (“LTIP Units”) The following table summarizes the activity for LTIP Units for the nine months ended September 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 September 30, 2016 2,137 $ 40.45 743 Prologis Outperformance Plan Operating Partnership Long-Term Incentive Plan Units (“POP LTIP Units” formerly “OPP LTIP Units”) At September 30, 2016, 2.5 million POP LTIP Units were outstanding with respect to the 2014 – 2016 and 2015 Number of POP LTIP Units Balance at January 1, 2016 3,464 Forfeited (927 ) Balance at September 30, 2016 2,537 Stock Options We have 2.2 million stock options outstanding and exercisable at September 30, 2016, with a weighted average exercise price of $38.54. The aggregate intrinsic value of exercised options was $43.9 million and $6.0 million for the nine months ended September 30, 2016 and 2015, respectively. No stock options were granted in 2016 or 2015.

Earnings Per Common Share or Un

Earnings Per Common Share or Unit	9 Months Ended
	Sep. 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 Nine Months Ended September 30, September 30, Prologis, Inc. 2016 2015 2016 2015 Net earnings attributable to common stockholders – Basic $ 279,255 $ 258,979 $ 762,679 $ 744,425 Net earnings attributable to exchangeable limited partnership units (1) 7,713 3,203 24,479 7,331 Gains, net of expenses, associated with exchangeable debt assumed exchanged (2) - - - (1,614 ) Adjusted net earnings attributable to common stockholders – Diluted $ 286,968 $ 262,182 $ 787,158 $ 750,142 Weighted average common shares outstanding – Basic 527,288 523,528 525,462 520,388 Incremental weighted average effect on exchange of limited partnership units (1) 14,568 6,685 17,156 5,875 Incremental weighted average effect of equity awards 5,344 1,860 2,610 1,953 Incremental weighted average effect on exchangeable debt assumed exchanged (2) - - - 2,905 Weighted average common shares outstanding – Diluted (3) 547,200 532,073 545,228 531,121 Net earnings per share attributable to common stockholders: Basic $ 0.53 $ 0.49 $ 1.45 $ 1.43 Diluted $ 0.52 $ 0.49 $ 1.44 $ 1.41 Three Months Ended Nine Months Ended September 30, September 30, Prologis, L.P. 2016 2015 2016 2015 Net earnings attributable to common unitholders $ 286,943 $ 262,155 $ 784,917 $ 750,181 Net earnings attributable to Class A convertible common unitholders (4,641 ) - (12,769 ) - Net earnings attributable to common unitholders – Basic $ 282,302 $ 262,155 $ 772,148 $ 750,181 Net earnings attributable to Class A convertible common unitholders 4,641 - 12,769 - Net earnings attributable to exchangeable limited partnership units 25 27 2,241 1,575 Gains, net of expenses, associated with exchangeable debt assumed exchanged (2) - - - (1,614 ) Adjusted net earnings attributable to common unitholders – Diluted $ 286,968 $ 262,182 $ 787,158 $ 750,142 Weighted average common partnership units outstanding – Basic 532,934 530,044 531,985 524,411 Incremental weighted average effect on exchange of Class A convertible units 8,753 - 8,798 - Incremental weighted average effect on exchange of limited partnership units 169 169 1,835 1,852 Incremental weighted average effect of equity awards of Prologis, Inc. 5,344 1,860 2,610 1,953 Incremental weighted average effect on exchangeable debt assumed exchanged (2) - - - 2,905 Weighted average common partnership units outstanding – Diluted (3) 547,200 532,073 545,228 531,121 Net earnings per unit attributable to common unitholders: Basic $ 0.53 $ 0.49 $ 1.45 $ 1.43 Diluted $ 0.52 $ 0.49 $ 1.44 $ 1.41 (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 ) Our total potentially dilutive shares and units outstanding consisted of the following: Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 Total weighted average potentially dilutive limited partnership units 10,587 1,835 10,633 1,852 Total potentially dilutive stock awards 9,220 7,359 7,783 7,392 Total weighted average potentially dilutive shares and units from exchangeable debt - - - 2,905 Total Prologis, L.P. 19,807 9,194 18,416 12,149 Limited partners in Prologis, L.P. 5,646 6,516 6,523 4,023 Total Prologis, Inc. 25,453 15,710 24,939 16,172

Financial Instruments and Fair

Financial Instruments and Fair Value Measurements	9 Months Ended
	Sep. 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): September 30, 2016 December 31, 2015 Asset Liability Asset Liability Net investment hedges – Canadian dollar denominated $ - $ 1,148 $ - $ - Net investment hedges – pound sterling denominated 57,490 - 33,471 - Cash flow hedge foreign currency options – peso denominated - 195 - 88 Foreign currency options – Canadian dollar denominated (1) 559 403 3,324 - Foreign currency options – euro denominated (1) 1,086 2,007 11,711 84 Foreign currency options – pound sterling denominated (1) 16,024 - 4,241 745 Foreign currency options – yen denominated (1) 345 15,775 832 717 Interest rate hedges - 8,834 - 12,095 Total fair value of derivatives $ 75,504 $ 28,362 $ 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 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 Losses, Net AOCI The following tables summarize the activity in our foreign currency contracts for the nine months ended September 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 GBP (1) JPY Other Notional amounts at January 1 £ 238 ¥ - $ - € 275 £ 97 ¥ 12,840 New contracts 60 11,189 133 321 - 15,460 Matured or expired contracts (60 ) (11,189 ) - (440 ) (36 ) (10,940 ) Notional amounts at September 30 £ 238 ¥ - $ 133 € 156 £ 61 ¥ 17,360 Foreign Currency Contracts U.S. Dollar Net Investment Forward Contracts Forward and Option Contracts (2) Notional amounts at January 1 $ 386 $ - $ - $ 310 $ 148 $ 109 $ 50 New contracts 85 99 100 359 - 147 15 Matured or expired contracts (100 ) (99 ) - (492 ) (55 ) (95 ) (21 ) Notional amounts at September 30 $ 371 $ - $ 100 $ 177 $ 93 $ 161 $ 44 Weighted average forward rate at September 30 1.56 - 1.33 1.14 1.53 108.64 Active contracts at September 30 3 - 2 18 10 32 18 2015 Foreign Currency Contracts Local Currency Net Investment Forward Contracts Forward and Option Contracts EUR GBP JPY EUR GBP JPY Other Notional amounts at January 1 € 300 £ 238 ¥ 24,136 € 284 £ - ¥ - New contracts - 118 43,373 268 179 18,740 Matured or expired contracts (300 ) (118 ) (67,509 ) (292 ) (70 ) (4,400 ) Notional amounts at September 30 € - £ 238 ¥ - € 260 £ 109 ¥ 14,340 Foreign Currency Contracts U.S. Dollar Net Investment Forward Contracts Forward and Option Contracts (2) Notional amounts at January 1 $ 400 $ 400 $ 250 $ 354 $ - $ - $ - New contracts - 186 353 303 269 159 63 Matured or expired contracts (400 ) (200 ) (603 ) (358 ) (104 ) (38 ) (13 ) Notional amounts at September 30 $ - $ 386 $ - $ 299 $ 165 $ 121 $ 50 (1) 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 (2) During the Foreign Currency and Derivative Losses, Net. 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 The following table summarizes activity in our interest rate swaps for the nine months ended September 30 (in millions, except for the number of active contracts): 2016 (1) 2015 Notional amounts at January 1 $ 1,434 $ 398 New contracts - 886 Matured or expired contracts (925 ) - Notional amounts at September 30 $ 509 $ 1,284 (1) We had three interest rate swap hedges outstanding at September 30, 2016. During the nine months ended September 30, 2015, we entered into two contracts with an aggregated notional amount of $526.3 million to effectively fix the interest rate on our 2015 Japanese yen term loan and we entered into two contracts with an aggregated notional amount of $360.0 million to effectively fix the interest rate at the three month LIBOR rate of 2.3% on expected future debt issuances. 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 In August 2016, we entered into the Yen Term Loan and repaid our 2014, 2015 and 2016 Japanese yen term loans. At that time, we settled the outstanding contracts related to the previously outstanding term loans for $26.3 million. The fair value of the contracts that qualified for hedge accounting at the date of repayment was recorded to AOCI Interest Expense AOCI Foreign Currency and Derivative 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 Nine Months Ended September 30, September 30, 2016 2015 2016 2015 Derivative net investment hedges (1) $ 11,546 $ 14,225 $ 40,966 $ 48,419 Interest rate and cash flow hedges (2) 3,110 (14,754 ) (10,714 ) (15,513 ) Our share of derivatives from unconsolidated co-investment ventures 1,586 (906 ) (6,408 ) 3,200 Total derivative instruments 16,242 (1,435 ) 23,844 36,106 Nonderivative net investment hedges (3) (19,019 ) (4,674 ) (88,792 ) 218,729 Total derivative and nonderivative hedging instruments $ (2,777 ) $ (6,109 ) $ (64,948 ) $ 254,835 (1) We received $16.8 million for the nine months ended September 30, 2016, respectively, upon the settlement of net investment hedges. We received $121.5 million (2) The amounts reclassified to interest expense for the three and nine months ended September 30, 2016, were $2.0 million and $4.1 million, respectively. The amounts reclassified to interest expense for the three and nine months ended September 30, 2015, were not considered significant. For the next 12 months from September 30, 2016, we estimate an additional expense of $6.1 million will be reclassified to Interest Expense (3) At September 30, 2016, and December 31, 2015, we had €3.2 billion ($3.6 billion) and €3.2 billion ($3.5 billion) of debt, net of accrued interest, respectively, designated as nonderivative financial instrument hedges of our net investment in international subsidiaries. We recognized Foreign Currency and Derivative 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 September 30, 2016, and December 31, 2015, 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 other than the derivatives discussed previously. All of our derivatives held at September 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 September 30, 2016, or December 31, 2015. Fair Value of Financial Instruments At September 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 September 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): September 30, 2016 December 31, 2015 Carrying Value Fair Value Carrying Value Fair Value Credit Facilities $ - $ - $ - $ - Senior notes 6,625,291 7,321,721 6,516,392 6,801,118 Term loans and unsecured other 1,891,511 1,905,511 2,115,457 2,128,270 Secured mortgages 1,053,742 1,148,919 1,172,473 1,262,778 Secured mortgages of consolidated entities 1,686,453 1,702,694 1,822,509 1,825,361 Total debt $ 11,256,997 $ 12,078,845 $ 11,626,831 $ 12,017,527

Business Segments

Business Segments	9 Months Ended
	Sep. 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 revenues 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 revenues from external customers to Total Revenues Operating Income Earnings Before Income Taxes Total Assets Total Revenues, Operating Income, Earnings Before Income Taxes Total Assets Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 Revenues: Real estate operations: U.S. $ 512,759 $ 488,611 $ 1,525,623 $ 1,283,303 Other Americas 15,598 14,876 44,637 43,143 Europe 18,999 17,591 55,328 53,041 Asia 16,632 15,368 45,867 41,139 Total Real Estate Operations segment 563,988 536,446 1,671,455 1,420,626 Strategic capital: U.S. 9,940 10,453 28,876 29,913 Other Americas 5,805 4,239 16,863 16,821 Europe 113,545 20,652 161,333 60,046 Asia 11,287 8,832 34,493 26,467 Total Strategic Capital segment 140,577 44,176 241,565 133,247 Total revenues $ 704,565 $ 580,622 $ 1,913,020 $ 1,553,873 Segment net operating income: Real estate operations: U.S. $ 385,837 $ 354,685 $ 1,131,340 $ 892,391 Other Americas 10,417 10,456 29,148 29,229 Europe 13,819 11,092 40,773 32,173 Asia 9,622 11,164 30,010 29,167 Total Real Estate Operations segment 419,695 387,397 1,231,271 982,960 Strategic capital: U.S. (577 ) 132 1,959 3,141 Other Americas 2,975 2,073 9,142 9,831 Europe 91,358 14,192 125,107 40,317 Asia 2,197 1,247 7,574 3,297 Total Strategic Capital segment 95,953 17,644 143,782 56,586 Total segment net operating income 515,648 405,041 1,375,053 1,039,546 Reconciling items: General and administrative expenses 58,157 54,178 165,634 157,458 Depreciation and amortization expenses 224,867 247,471 705,249 607,467 Operating income 232,624 103,392 504,170 274,621 Earnings from unconsolidated entities, net 45,857 33,557 145,622 106,383 Interest expense (75,310 ) (81,035 ) (232,577 ) (218,698 ) Interest and other income, net 2,932 6,237 7,051 19,133 Gains on dispositions of investments in real estate, net 117,296 268,791 461,963 655,288 Foreign currency and derivative losses, net (1,730 ) (9,428 ) (26,277 ) (374 ) Gains (losses) on early extinguishment of debt, net 1,492 - 2,484 (16,525 ) Earnings before income taxes $ 323,161 $ 321,514 $ 862,436 $ 819,828 September 30, December 31, 2016 2015 Assets: Real estate operations: U.S. $ 21,208,119 $ 22,030,457 Other Americas 1,001,743 919,381 Europe 1,430,702 1,291,991 Asia 1,474,498 1,157,401 Total Real Estate Operations segment 25,115,062 25,399,230 Strategic capital: U.S. 18,408 19,363 Europe 49,358 49,960 Asia 1,732 2,005 Total Strategic Capital segment 69,498 71,328 Total segment assets 25,184,560 25,470,558 Reconciling items: Investments in and advances to unconsolidated entities 4,580,584 4,755,620 Assets held for sale or contribution 450,349 378,423 Notes receivable backed by real estate 33,800 235,050 Cash and cash equivalents 375,120 264,080 Other assets 263,796 291,036 Total reconciling items 5,703,649 5,924,209 Total assets $ 30,888,209 $ 31,394,767

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	9 Months Ended
	Sep. 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 nine months ended September 30, 2016, and 2015 included the following: • We capitalized $19.7 million and $17.1 million in 2016 and 2015, respectively, of equity-based compensation expense resulting from our development and leasing activities. • In 2016, we issued 1.9 million shares of the Parent’s common stock upon redemption of an equal number of common limited partnership units in the Operating Partnership as disclosed in Note 8. • During the third quarter of 2016, we received $31.8 million of ownership interests in an unconsolidated co-investment venture from the contribution of properties to this entity. • During 2015, we received $65.3 million of ownership interests in certain unconsolidated entities as a portion of our proceeds from the contribution of properties to these entities. • 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. • Holders of our exchangeable senior notes exchanged the majority of their notes into common stock of the Parent in March 2015 as disclosed in Note 7. We paid $267.2 million and $273.3 million of interest in cash, net of amounts capitalized, for the nine months ended September 30, 2016, and 2015, respectively. We paid $16.4 million and $17.0 million for income taxes, net of refunds, for the nine months ended September 30, 2016, and 2015, respectively.

General (Policies)

General (Policies)	9 Months Ended
	Sep. 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. See below in our New Accounting Pronouncements for further discussion on these reclassifications.
Recent Accounting Pronouncements	New Accounting Pronouncements. In August 2016, the Financial Accounting Standards Board (“FASB”) issued an accounting standard update that provides guidance for areas in which there are diversity in how certain cash receipts and payments are presented and classified in the statements of cash flows. The update clarifies the classification methodology within the statements of cash flows for eight specific topics including classification for debt prepayment or extinguishment costs, proceeds from the settlement of insurance claims and distributions received from equity method investments. We early adopted the standard in its entirety on a retrospective basis for all periods presented at September 30, 2016, and we determined that the only clarification to impact us was the classification of distributions received from equity method investments. The update allows for the election to classify distributions received from equity method investments based on either a cumulative earnings approach or a nature of distribution approach. We have elected the nature of distribution approach, in which cash flows generated from the operations of an unconsolidated entity are classified as a return on investment (cash inflow from operating activities) and cash flows that are generated from property sales or debt refinancing are classified as a return of investment (cash inflow from investing activities). We adopted this approach based on the availability of the information to us to determine the nature of the underlying activity that generated the distributions from unconsolidated entities. As a result of our adoption of this standard, we included $40.6 million of distributions from our unconsolidated entities in cash flows provided by operating activities for the nine months ended September 30, 2016, that had previously been reported as cash flows used in investing activities in the Consolidated Statements of Cash Flows. In addition, we reclassified $94.5 million of distributions from our unconsolidated entities into cash flows provided by operating activities that was previously reported as cash flows used in investing activities for the nine months ended September 30, 2015. In March 2016, the 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 of taxes paid to a tax authority by us when we withhold shares to cover employee withholding tax payments for certain stock compensation plans in the statements of cash flows. We early adopted the standard in its entirety on a retrospective basis for periods presented at September 30, 2016. As a result of our adoption of this standard, we included payments of $7.9 million related to shares withheld to pay employee withholding taxes for certain stock compensation plans in cash flows used in financing activities for the nine months ended September 30, 2016, that had previously been reported as cash flows provided by operating activities in the Consolidated Statements of Cash Flows. In addition, we reclassified payments of $12.3 million from cash flows provided by operating activities to cash flows used in financing activities for the nine months ended September 30, 2015. In February 2016, the FASB issued an accounting standard that provides the principles for the recognition, measurement, presentation and disclosure of leases. Under the standard, lessees apply a dual approach, classifying leases as either finance or operating leases. A lessee is required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months, regardless of their lease classification. We are a lessee on ground leases in certain markets and office space leases. Although the accounting for lessors will remain largely unchanged from current GAAP, the new standard requires a lessor to classify leases as either sales-type, finance or operating. The standard also requires that lessors expense certain initial direct costs, which are capitalizable under existing standards, as incurred. The standard is effective for us for annual and interim reporting periods beginning after December 15, 2018, with early adoption permitted. We are currently assessing the timing, method of adoption and the overall impact the adoption 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 variable interest entities (“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)	9 Months Ended
	Sep. 30, 2016
Business Acquisition [Line Items]
Schedule of Unaudited Pro Forma Financial Information	The following amounts are in thousands, except per share amounts: Nine Months Ended September 30, 2015 Total revenues $ 1,715,540 Net earnings attributable to common stockholders $ 756,302 Net earnings per share attributable to common stockholders – Basic $ 1.45 Net earnings per share attributable to common stockholders – Diluted $ 1.43
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)	9 Months Ended
	Sep. 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 Number of Buildings September 30, December 31, September 30, December 31, September 30, December 31, 2016 2015 2016 2015 2016 2015 Industrial operating properties: Improved land $ 5,939,404 $ 5,874,052 Buildings and improvements 333,957 333,830 1,801 1,872 17,936,886 17,861,693 Development portfolio, including land costs: Prestabilized 10,561 12,598 29 28 1,063,689 918,099 Properties under development 16,116 19,630 51 63 745,313 954,804 Land (1) 1,352,600 1,359,794 Other real estate investments (2) 532,812 552,926 Total investments in real estate properties 27,570,704 27,521,368 Less accumulated depreciation 3,638,688 3,274,284 Net investments in real estate properties $ 23,932,016 $ 24,247,084 (1) Included in our investments in real estate at September 30, 2016, and December 31, 2015, were 6,650 and 7,404 acres of land, respectively. (2) Included in other real estate investments are: (i) non-industrial real estate; (ii) land parcels that are ground leased to third parties; (iii) our corporate office buildings; (iv) infrastructure costs related to projects we are developing on behalf of others; (v) costs related to future development projects, including purchase options on land; and (vi) earnest money deposits associated with potential acquisitions.
Summary of Properties Acquired	The following table summarizes our real estate acquisition activity for the nine months ended September 30 (dollars and square feet in thousands): 2016 2015 Acquisitions of operating properties from third parties Number of industrial operating properties 7 27 Square feet 931 3,651 Real estate acquisition value $ 86,840 $ 305,519
Summary of Properties Disposed	The following table summarizes our real estate disposition activity for the nine months ended September 30 (dollars and square feet in thousands): 2016 2015 Contributions to unconsolidated co-investment ventures Number of properties 21 23 Square feet 6,676 6,659 Net proceeds $ 649,511 $ 662,645 Net gains on contributions $ 132,787 $ 111,307 Dispositions to third parties Number of properties 147 75 Square feet 15,606 12,723 Net proceeds (1) $ 1,300,209 $ 1,347,755 Net gains on dispositions (1) $ 242,561 $ 543,981 Total net gains on contributions and dispositions $ 375,348 $ 655,288 Gains on redemption of investment in co-investment ventures (2) 86,615 - Total gains on dispositions of investments in real estate, net $ 461,963 $ 655,288 (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)	9 Months Ended
	Sep. 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): September 30, December 31, 2016 2015 Unconsolidated co-investment ventures $ 4,422,840 $ 4,585,427 Other ventures 157,744 170,193 Totals $ 4,580,584 $ 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 September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Strategic capital revenues and other revenues: U.S. $ 9,565 $ 9,866 $ 27,739 $ 28,027 Other Americas 5,806 4,232 16,864 17,046 Europe (1) 113,457 20,652 160,904 60,046 Asia 11,202 8,760 34,249 26,165 Total strategic capital revenues 140,030 43,510 239,756 131,284 Development management and other revenues 2,366 1,847 6,715 5,033 Total strategic capital revenues and other revenues $ 142,396 $ 45,357 $ 246,471 $ 136,317 Earnings from unconsolidated co-investment ventures, net: U.S. $ 1,763 $ 2,969 $ 9,140 $ 3,930 Other Americas 8,077 7,589 20,885 21,186 Europe 29,802 20,871 90,395 69,685 Asia 4,905 1,188 12,253 8,903 Total earnings from unconsolidated co-investment ventures, net $ 44,547 $ 32,617 $ 132,673 $ 103,704 (1) In September 2016, we earned promotes from Prologis Targeted Logistics Fund (“PTELF”) and Prologis European Properties Fund II (“PEP II”), each based on the venture’s cumulative returns to the investors over the last three years. The third parties’ share of the promotes that were recognized in Strategic Capital Revenues
Summary of Remaining Equity Commitments	The following table summarizes the remaining equity commitments at September 30, 2016 (in millions): Equity Commitments Expiration Date for Remaining Commitments Prologis Venture Partners Total Prologis Targeted U.S. Logistics Fund $ - $ 219 $ 219 2016 - 2017 Prologis Targeted Europe Logistics Fund (1) - 478 478 2016 - 2017 Prologis China Logistics Venture (2) 299 1,697 1,996 2016 - 2017 Totals $ 299 $ 2,394 $ 2,693 (1) Equity commitments are denominated in euro and reported in U.S. dollars based on an exchange rate of $1.12 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 the operating information and financial position of our unconsolidated co-investment ventures (not our proportionate share), as presented at our adjusted basis derived from the ventures’ U.S. GAAP information: September 30, December 31, September 30, (dollars and square feet in millions) 2016 2015 2015 U.S.: Number of ventures 1 1 1 Number of properties owned 366 391 401 Square feet 49 50 51 Total assets $ 4,167 $ 4,408 $ 4,433 Third-party debt $ 1,421 $ 1,433 $ 1,459 Total liabilities $ 1,509 $ 1,550 $ 1,557 Our investment balance (1) (3) $ 514 $ 690 $ 703 Our weighted average ownership (2) (3) 17.8 % 22.5 % 22.6 % Other Americas: Number of ventures 2 2 2 Number of properties owned 209 205 201 Square feet 41 39 38 Total assets $ 2,679 $ 2,482 $ 2,433 Third-party debt $ 671 $ 657 $ 562 Total liabilities $ 754 $ 708 $ 605 Our investment balance (1) $ 851 $ 786 $ 777 Our weighted average ownership (2) 43.7 % 43.8 % 43.9 % Europe: Number of ventures 4 4 4 Number of properties owned 694 688 683 Square feet 160 159 159 Total assets $ 11,291 $ 11,343 $ 11,711 Third-party debt $ 2,628 $ 2,640 $ 2,763 Total liabilities $ 3,620 $ 3,584 $ 3,743 Our investment balance (1) (3) (4) $ 2,565 $ 2,707 $ 2,796 Our weighted average ownership (2) (3) 36.3 % 38.9 % 39.5 % Asia: Number of ventures 2 2 2 Number of properties owned 79 66 57 Square feet 34 29 27 Total assets $ 5,439 $ 4,320 $ 4,234 Third-party debt $ 2,004 $ 1,520 $ 1,733 Total liabilities $ 2,313 $ 1,751 $ 1,955 Our investment balance (1) $ 493 $ 402 $ 355 Our weighted average ownership (2) 15.0 % 15.0 % 15.0 % Total: Number of ventures 9 9 9 Number of properties owned 1,348 1,350 1,342 Square feet 284 277 275 Total assets $ 23,576 $ 22,553 $ 22,811 Third-party debt $ 6,724 $ 6,250 $ 6,517 Total liabilities $ 8,196 $ 7,593 $ 7,860 Our investment balance (1) $ 4,423 $ 4,585 $ 4,631 Our weighted average ownership (2) 28.9 % 31.6 % 32.1 % Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2016 2015 2016 2015 U.S.: Revenues $ 99,598 $ 97,144 $ 295,568 $ 284,514 Net earnings $ 11,128 $ 14,056 $ 46,988 $ 19,859 Other Americas: Revenues $ 62,557 $ 55,052 $ 178,640 $ 172,534 Net earnings $ 20,157 $ 19,505 $ 53,506 $ 57,747 Europe: Revenues $ 232,853 $ 237,914 $ 724,436 $ 702,772 Net earnings $ 76,382 $ 50,504 $ 217,781 $ 168,947 Asia: Revenues $ 91,047 $ 68,451 $ 253,309 $ 204,629 Net earnings $ 29,930 $ 10,097 $ 73,779 $ 55,717 Total: Revenues $ 486,055 $ 458,561 $ 1,451,953 $ 1,364,449 Net earnings $ 137,597 $ 94,162 $ 392,054 $ 302,270 (1) The difference between our ownership interest of a venture’s equity and our investment balance, at September 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 ($444.4 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 ($256.9 million and $189.7 million, respectively). Included in the advances to our ventures at September 30, 2016, and December 31, 2015, were receivables from Nippon Prologis REIT, Inc. (“NPR”) of $110.6 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 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 (4 ) At September 30, 2016, we had $95.8 million of receivables associated with the promotes discussed above, including $57.0 million from the third party investors in PEP II.

Assets Held for Sale or Contr26

Assets Held for Sale or Contribution (Tables)	9 Months Ended
	Sep. 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): September 30, December 31, 2016 2015 Number of operating properties 18 17 Square feet 6,191 5,065 Total assets held for sale or contribution $ 450,349 $ 378,423 Total liabilities associated with assets held for sale or contribution – included in Other Liabilities $ 4,693 $ 6,874

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
Debt Summary	The following table summarizes our debt (dollars in thousands): September 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 % 6,625,291 3.3 % 6,516,392 Term loans 1.5 % 1,876,600 2.1 % 2,100,009 Unsecured other 6.2 % 14,911 6.2 % 15,448 Secured mortgages 4.6 % 1,053,742 5.1 % 1,172,473 Secured mortgages of consolidated entities 3.0 % 1,686,453 2.9 % 1,822,509 Totals 3.1 % $ 11,256,997 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 ($1.5 billion) and Canadian dollars ($429.2 million).
Credit Facilities	The following table summarizes information about our Credit Facilities at September 30, 2016 (in thousands): Aggregate lender commitments $ 3,472,147 Less: Borrowings outstanding - Outstanding letters of credit 38,849 Current availability $ 3,433,298
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 September 30, 2016 (in thousands): Unsecured Credit Senior Term Loans and Secured Mortgage Maturity Facilities Notes Other Debt Total 2016 (1) $ - $ - $ 406 $ 15,002 $ 15,408 2017 (1) (2) - - 422,725 443,564 866,289 2018 - 175,000 915 569,978 745,893 2019 - 618,294 990 462,990 1,082,274 2020 - 881,541 1,014 455,259 1,337,814 2021 - 1,281,270 1,086 141,606 1,423,962 2022 - 781,270 494,181 163,230 1,438,681 2023 - 850,000 968,795 174,681 1,993,476 2024 - 781,270 864 133,413 915,547 2025 - 750,000 938 137,746 888,684 Thereafter - 558,050 11,749 2,381 572,180 Subtotal - 6,676,695 1,903,663 2,699,850 11,280,208 Unamortized premiums (discounts), net - (21,324 ) - 50,544 29,220 Unamortized debt issuance costs, net - (30,080 ) (12,152 ) (10,199 ) (52,431 ) Totals $ - $ 6,625,291 $ 1,891,511 $ 2,740,195 $ 11,256,997 (1) We expect to repay the amounts maturing in 2016 and 2017 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)	9 Months Ended
	Sep. 30, 2016
Noncontrolling Interest [Abstract]
Summary of Ownership Percentages and Noncontrolling Interests	The following table summarizes our ownership percentages and noncontrolling interests and the consolidated entities’ total assets and liabilities at September 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 % $ 2,445,631 $ 2,677,642 $ 6,256,419 $ 6,788,968 $ 821,488 $ 847,084 Prologis North American Industrial Fund (1) 66.1 % 66.1 % 486,353 490,444 2,493,666 2,619,241 1,048,648 1,165,617 Prologis Brazil Logistics Partners Fund I (1) (2) 50.0 % 50.0 % 60,290 49,313 137,519 100,836 633 192 Other consolidated entities (3) various various 100,714 102,828 876,317 985,188 35,879 42,811 Prologis, L.P. noncontrolling interests 3,092,988 3,320,227 9,763,921 10,494,233 1,906,648 2,055,704 Limited partners in Prologis, L.P. (4) (5) 391,115 432,674 - - - - Prologis, Inc. noncontrolling interests $ 3,484,103 $ 3,752,901 $ 9,763,921 $ 10,494,233 $ 1,906,648 $ 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 $118.8 million and $103.1 million at September 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 September 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) We had 8.9 million Class A Units that were convertible into 8.7 million and 8.8 million common limited partnership units of the Operating Partnership at September 30, 2016, and December 31, 2015, respectively. (5) At September 30, 2016, and December 31, 2015, excluding the Class A Units, there were common limited partnership units in the Operating Partnership outstanding that were exchangeable into cash or, at our option, 4.6 million shares and 6.4 million shares of the Parent’s common stock with a fair value of $245.9 million and $275.0 million, respectively, based on the closing stock price of the Parent’s common stock. In 2016, unitholders exchanged 1.9 million common limited partnership units into an equal number of shares of the Parent’s common stock with a value of $51.9 million. At September 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)	9 Months Ended
	Sep. 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 nine months ended September 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 (804 ) Forfeited (36 ) Balance at September 30, 2016 1,592 $ 40.37 125
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 nine months ended September 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 September 30, 2016 2,137 $ 40.45 743
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 nine months ended September 30, 2016 (units in thousands): Number of POP LTIP Units Balance at January 1, 2016 3,464 Forfeited (927 ) Balance at September 30, 2016 2,537

Earnings Per Common Share or 30

Earnings Per Common Share or Unit (Tables)	9 Months Ended
	Sep. 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 Nine Months Ended September 30, September 30, Prologis, Inc. 2016 2015 2016 2015 Net earnings attributable to common stockholders – Basic $ 279,255 $ 258,979 $ 762,679 $ 744,425 Net earnings attributable to exchangeable limited partnership units (1) 7,713 3,203 24,479 7,331 Gains, net of expenses, associated with exchangeable debt assumed exchanged (2) - - - (1,614 ) Adjusted net earnings attributable to common stockholders – Diluted $ 286,968 $ 262,182 $ 787,158 $ 750,142 Weighted average common shares outstanding – Basic 527,288 523,528 525,462 520,388 Incremental weighted average effect on exchange of limited partnership units (1) 14,568 6,685 17,156 5,875 Incremental weighted average effect of equity awards 5,344 1,860 2,610 1,953 Incremental weighted average effect on exchangeable debt assumed exchanged (2) - - - 2,905 Weighted average common shares outstanding – Diluted (3) 547,200 532,073 545,228 531,121 Net earnings per share attributable to common stockholders: Basic $ 0.53 $ 0.49 $ 1.45 $ 1.43 Diluted $ 0.52 $ 0.49 $ 1.44 $ 1.41 Three Months Ended Nine Months Ended September 30, September 30, Prologis, L.P. 2016 2015 2016 2015 Net earnings attributable to common unitholders $ 286,943 $ 262,155 $ 784,917 $ 750,181 Net earnings attributable to Class A convertible common unitholders (4,641 ) - (12,769 ) - Net earnings attributable to common unitholders – Basic $ 282,302 $ 262,155 $ 772,148 $ 750,181 Net earnings attributable to Class A convertible common unitholders 4,641 - 12,769 - Net earnings attributable to exchangeable limited partnership units 25 27 2,241 1,575 Gains, net of expenses, associated with exchangeable debt assumed exchanged (2) - - - (1,614 ) Adjusted net earnings attributable to common unitholders – Diluted $ 286,968 $ 262,182 $ 787,158 $ 750,142 Weighted average common partnership units outstanding – Basic 532,934 530,044 531,985 524,411 Incremental weighted average effect on exchange of Class A convertible units 8,753 - 8,798 - Incremental weighted average effect on exchange of limited partnership units 169 169 1,835 1,852 Incremental weighted average effect of equity awards of Prologis, Inc. 5,344 1,860 2,610 1,953 Incremental weighted average effect on exchangeable debt assumed exchanged (2) - - - 2,905 Weighted average common partnership units outstanding – Diluted (3) 547,200 532,073 545,228 531,121 Net earnings per unit attributable to common unitholders: Basic $ 0.53 $ 0.49 $ 1.45 $ 1.43 Diluted $ 0.52 $ 0.49 $ 1.44 $ 1.41 (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 ) Our total potentially dilutive shares and units outstanding consisted of the following: Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 Total weighted average potentially dilutive limited partnership units 10,587 1,835 10,633 1,852 Total potentially dilutive stock awards 9,220 7,359 7,783 7,392 Total weighted average potentially dilutive shares and units from exchangeable debt - - - 2,905 Total Prologis, L.P. 19,807 9,194 18,416 12,149 Limited partners in Prologis, L.P. 5,646 6,516 6,523 4,023 Total Prologis, Inc. 25,453 15,710 24,939 16,172

Financial Instruments and Fai31

Financial Instruments and Fair Value Measurements (Tables)	9 Months Ended
	Sep. 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): September 30, 2016 December 31, 2015 Asset Liability Asset Liability Net investment hedges – Canadian dollar denominated $ - $ 1,148 $ - $ - Net investment hedges – pound sterling denominated 57,490 - 33,471 - Cash flow hedge foreign currency options – peso denominated - 195 - 88 Foreign currency options – Canadian dollar denominated (1) 559 403 3,324 - Foreign currency options – euro denominated (1) 1,086 2,007 11,711 84 Foreign currency options – pound sterling denominated (1) 16,024 - 4,241 745 Foreign currency options – yen denominated (1) 345 15,775 832 717 Interest rate hedges - 8,834 - 12,095 Total fair value of derivatives $ 75,504 $ 28,362 $ 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 nine months ended September 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 GBP (1) JPY Other Notional amounts at January 1 £ 238 ¥ - $ - € 275 £ 97 ¥ 12,840 New contracts 60 11,189 133 321 - 15,460 Matured or expired contracts (60 ) (11,189 ) - (440 ) (36 ) (10,940 ) Notional amounts at September 30 £ 238 ¥ - $ 133 € 156 £ 61 ¥ 17,360 Foreign Currency Contracts U.S. Dollar Net Investment Forward Contracts Forward and Option Contracts (2) Notional amounts at January 1 $ 386 $ - $ - $ 310 $ 148 $ 109 $ 50 New contracts 85 99 100 359 - 147 15 Matured or expired contracts (100 ) (99 ) - (492 ) (55 ) (95 ) (21 ) Notional amounts at September 30 $ 371 $ - $ 100 $ 177 $ 93 $ 161 $ 44 Weighted average forward rate at September 30 1.56 - 1.33 1.14 1.53 108.64 Active contracts at September 30 3 - 2 18 10 32 18 2015 Foreign Currency Contracts Local Currency Net Investment Forward Contracts Forward and Option Contracts EUR GBP JPY EUR GBP JPY Other Notional amounts at January 1 € 300 £ 238 ¥ 24,136 € 284 £ - ¥ - New contracts - 118 43,373 268 179 18,740 Matured or expired contracts (300 ) (118 ) (67,509 ) (292 ) (70 ) (4,400 ) Notional amounts at September 30 € - £ 238 ¥ - € 260 £ 109 ¥ 14,340 Foreign Currency Contracts U.S. Dollar Net Investment Forward Contracts Forward and Option Contracts (2) Notional amounts at January 1 $ 400 $ 400 $ 250 $ 354 $ - $ - $ - New contracts - 186 353 303 269 159 63 Matured or expired contracts (400 ) (200 ) (603 ) (358 ) (104 ) (38 ) (13 ) Notional amounts at September 30 $ - $ 386 $ - $ 299 $ 165 $ 121 $ 50 (1) 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 (2) During the Foreign Currency and Derivative Losses, Net.
Summary of Activity in Interest Rate Swaps	The following table summarizes activity in our interest rate swaps for the nine months ended September 30 (in millions, except for the number of active contracts): 2016 (1) 2015 Notional amounts at January 1 $ 1,434 $ 398 New contracts - 886 Matured or expired contracts (925 ) - Notional amounts at September 30 $ 509 $ 1,284 (1) We had three interest rate swap hedges outstanding at September 30, 2016.
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 Nine Months Ended September 30, September 30, 2016 2015 2016 2015 Derivative net investment hedges (1) $ 11,546 $ 14,225 $ 40,966 $ 48,419 Interest rate and cash flow hedges (2) 3,110 (14,754 ) (10,714 ) (15,513 ) Our share of derivatives from unconsolidated co-investment ventures 1,586 (906 ) (6,408 ) 3,200 Total derivative instruments 16,242 (1,435 ) 23,844 36,106 Nonderivative net investment hedges (3) (19,019 ) (4,674 ) (88,792 ) 218,729 Total derivative and nonderivative hedging instruments $ (2,777 ) $ (6,109 ) $ (64,948 ) $ 254,835 (1) We received $16.8 million for the nine months ended September 30, 2016, respectively, upon the settlement of net investment hedges. We received $121.5 million (2) The amounts reclassified to interest expense for the three and nine months ended September 30, 2016, were $2.0 million and $4.1 million, respectively. The amounts reclassified to interest expense for the three and nine months ended September 30, 2015, were not considered significant. For the next 12 months from September 30, 2016, we estimate an additional expense of $6.1 million will be reclassified to Interest Expense (3) At September 30, 2016, and December 31, 2015, we had €3.2 billion ($3.6 billion) and €3.2 billion ($3.5 billion) of debt, net of accrued interest, respectively, designated as nonderivative financial instrument hedges of our net investment in international subsidiaries. We recognized Foreign Currency and Derivative 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): September 30, 2016 December 31, 2015 Carrying Value Fair Value Carrying Value Fair Value Credit Facilities $ - $ - $ - $ - Senior notes 6,625,291 7,321,721 6,516,392 6,801,118 Term loans and unsecured other 1,891,511 1,905,511 2,115,457 2,128,270 Secured mortgages 1,053,742 1,148,919 1,172,473 1,262,778 Secured mortgages of consolidated entities 1,686,453 1,702,694 1,822,509 1,825,361 Total debt $ 11,256,997 $ 12,078,845 $ 11,626,831 $ 12,017,527

Business Segments (Tables)

Business Segments (Tables)	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Segment Reporting, Reconciliation of Revenues, Operating Income and Assets	The following reconciliations are presented in thousands: Three Months Ended Nine Months Ended September 30, September 30, 2016 2015 2016 2015 Revenues: Real estate operations: U.S. $ 512,759 $ 488,611 $ 1,525,623 $ 1,283,303 Other Americas 15,598 14,876 44,637 43,143 Europe 18,999 17,591 55,328 53,041 Asia 16,632 15,368 45,867 41,139 Total Real Estate Operations segment 563,988 536,446 1,671,455 1,420,626 Strategic capital: U.S. 9,940 10,453 28,876 29,913 Other Americas 5,805 4,239 16,863 16,821 Europe 113,545 20,652 161,333 60,046 Asia 11,287 8,832 34,493 26,467 Total Strategic Capital segment 140,577 44,176 241,565 133,247 Total revenues $ 704,565 $ 580,622 $ 1,913,020 $ 1,553,873 Segment net operating income: Real estate operations: U.S. $ 385,837 $ 354,685 $ 1,131,340 $ 892,391 Other Americas 10,417 10,456 29,148 29,229 Europe 13,819 11,092 40,773 32,173 Asia 9,622 11,164 30,010 29,167 Total Real Estate Operations segment 419,695 387,397 1,231,271 982,960 Strategic capital: U.S. (577 ) 132 1,959 3,141 Other Americas 2,975 2,073 9,142 9,831 Europe 91,358 14,192 125,107 40,317 Asia 2,197 1,247 7,574 3,297 Total Strategic Capital segment 95,953 17,644 143,782 56,586 Total segment net operating income 515,648 405,041 1,375,053 1,039,546 Reconciling items: General and administrative expenses 58,157 54,178 165,634 157,458 Depreciation and amortization expenses 224,867 247,471 705,249 607,467 Operating income 232,624 103,392 504,170 274,621 Earnings from unconsolidated entities, net 45,857 33,557 145,622 106,383 Interest expense (75,310 ) (81,035 ) (232,577 ) (218,698 ) Interest and other income, net 2,932 6,237 7,051 19,133 Gains on dispositions of investments in real estate, net 117,296 268,791 461,963 655,288 Foreign currency and derivative losses, net (1,730 ) (9,428 ) (26,277 ) (374 ) Gains (losses) on early extinguishment of debt, net 1,492 - 2,484 (16,525 ) Earnings before income taxes $ 323,161 $ 321,514 $ 862,436 $ 819,828 September 30, December 31, 2016 2015 Assets: Real estate operations: U.S. $ 21,208,119 $ 22,030,457 Other Americas 1,001,743 919,381 Europe 1,430,702 1,291,991 Asia 1,474,498 1,157,401 Total Real Estate Operations segment 25,115,062 25,399,230 Strategic capital: U.S. 18,408 19,363 Europe 49,358 49,960 Asia 1,732 2,005 Total Strategic Capital segment 69,498 71,328 Total segment assets 25,184,560 25,470,558 Reconciling items: Investments in and advances to unconsolidated entities 4,580,584 4,755,620 Assets held for sale or contribution 450,349 378,423 Notes receivable backed by real estate 33,800 235,050 Cash and cash equivalents 375,120 264,080 Other assets 263,796 291,036 Total reconciling items 5,703,649 5,924,209 Total assets $ 30,888,209 $ 31,394,767

General - Additional Informatio

General - Additional Information (Detail) $ in Thousands, shares in Millions	9 Months Ended
	Sep. 30, 2016USD ($)Segmentshares	Sep. 30, 2015USD ($)
General [Line Items]
Number of reportable segments | Segment	2
Percentage of common limited partnership interest	2.59%
Reclassification of cash inflows related to distributions from unconsolidated entities from an investing to an operating activity	$ 210,439	$ 205,931
Reclassification of cash outflows related to shares withheld to pay employee withholding taxes from an operating to a financing activity	7,862	12,292
New Accounting Pronouncement [Member]
General [Line Items]
Reclassification of cash inflows related to distributions from unconsolidated entities from an investing to an operating activity	40,600	94,500
New Accounting Pronouncement, Early Adoption, Effect [Member]
General [Line Items]
Reclassification of cash outflows related to shares withheld to pay employee withholding taxes from an operating to a financing activity	$ 7,900	$ 12,300
General Partner [Member]
General [Line Items]
Percentage of ownership in operating partnership	97.41%
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) shares in Millions, ft² in Millions, $ in Millions	May 29, 2015ft²Propertyshares	Jun. 30, 2015USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)shares	Dec. 31, 2015shares
Business Acquisition [Line Items]
Business acquisition, common limited partnership units issued | shares				4.6	6.4
Rental income of properties acquired			$ 132.7
Rental expenses of properties acquired			$ 30
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 [Member] | Limited Partners [Member]
Business Acquisition [Line Items]
Business acquisition, common limited partnership units issued | shares	4.5

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] $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)$ / shares
Business Acquisition [Line Items]
Total revenues | $	$ 1,715,540
Net earnings attributable to common stockholders | $	$ 756,302
Net earnings per share attributable to common stockholders – Basic | $ / shares	$ 1.45
Net earnings per share attributable to common stockholders – Diluted | $ / shares	$ 1.43

Real Estate - Investments in Re

Real Estate - Investments in Real Estate Properties (Detail) ft² in Thousands, $ in Thousands	Sep. 30, 2016USD ($)ft²aBuildings	Dec. 31, 2015USD ($)ft²aBuildings
Real Estate Properties [Line Items]
Total investments in real estate properties	$ 27,570,704	$ 27,521,368
Less accumulated depreciation	3,638,688	3,274,284
Net investments in real estate properties	$ 23,932,016	$ 24,247,084
Improved Land [Member]
Real Estate Properties [Line Items]
Square Feet | ft²	0	0
Number of buildings | Buildings	0	0
Total investments in real estate properties	$ 5,939,404	$ 5,874,052
Building and Improvements [Member]
Real Estate Properties [Line Items]
Square Feet | ft²	333,957	333,830
Number of buildings | Buildings	1,801	1,872
Total investments in real estate properties	$ 17,936,886	$ 17,861,693
Development Portfolio, Including Cost of Land: Pre-stabilized [Member]
Real Estate Properties [Line Items]
Square Feet | ft²	10,561	12,598
Number of buildings | Buildings	29	28
Total investments in real estate properties	$ 1,063,689	$ 918,099
Properties Under Development [Member]
Real Estate Properties [Line Items]
Square Feet | ft²	16,116	19,630
Number of buildings | Buildings	51	63
Total investments in real estate properties	$ 745,313	$ 954,804
Land [Member]
Real Estate Properties [Line Items]
Square Feet | a	6,650	7,404
Total investments in real estate properties	$ 1,352,600	$ 1,359,794
Other Real Estate Investments [Member]
Real Estate Properties [Line Items]
Square Feet | ft²	0	0
Number of buildings | Buildings	0	0
Total investments in real estate properties	$ 532,812	$ 552,926

Real Estate - Investments in 38

Real Estate - Investments in Real Estate Properties (Parenthetical) (Detail) - a	Sep. 30, 2016	Dec. 31, 2015
Land [Member]
Real Estate Properties [Line Items]
Square feet	6,650	7,404

Real Estate - Summary of Acquis

Real Estate - Summary of Acquisition (Detail) - Acquisitions of Operating Properties from Third Parties [Member] ft² in Thousands, $ in Thousands	Sep. 30, 2016USD ($)ft²Property	Sep. 30, 2015USD ($)ft²Property
Business Acquisition [Line Items]
Number of buildings | Property	7	27
Square feet | ft²	931	3,651
Real estate acquisition value | $	$ 86,840	$ 305,519

Real Estate - Summary of Dispos

Real Estate - Summary of Dispositions (Detail) ft² in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016USD ($)ft²Property	Sep. 30, 2015USD ($)ft²Property	Sep. 30, 2016USD ($)ft²Property	Sep. 30, 2015USD ($)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	$ 117,296	$ 268,791	$ 461,963	$ 655,288
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			375,348	655,288
Total gains on dispositions of investments in real estate, net			$ 461,963	$ 655,288
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	21	23	21	23
Square feet | ft²	6,676	6,659	6,676	6,659
Net proceeds			$ 649,511	$ 662,645
Net gains on contributions			$ 132,787	$ 111,307
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	147	75	147	75
Square feet | ft²	15,606	12,723	15,606	12,723
Net proceeds			$ 1,300,209	$ 1,347,755
Net gains on contributions			242,561	543,981
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	Sep. 30, 2016	Dec. 31, 2015
Schedule Of Equity Method Investments [Line Items]
Other ventures	$ 4,580,584	$ 4,755,620
Unconsolidated Co-Investment Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Other ventures	4,422,840	4,585,427
Other Joint Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Other ventures	$ 157,744	$ 170,193

Unconsolidated Entities - Sum42

Unconsolidated Entities - Summary of Amounts Recognized in Consolidated Statements of Income Related to Co-Investment Ventures (Detail) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Schedule Of Equity Method Investments [Line Items]
Total strategic capital revenues		$ 140,577	$ 44,176	$ 241,565	$ 133,247
Earnings from unconsolidated entities, net		45,857	33,557	145,622	106,383
Unconsolidated Co-Investment Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Total strategic capital revenues		140,030	43,510	239,756	131,284
Total strategic capital revenues and other revenues		142,396	45,357	246,471	136,317
Earnings from unconsolidated entities, net		44,547	32,617	132,673	103,704
Unconsolidated Co-Investment Ventures [Member] | Development Management and Other Revenue [Member]
Schedule Of Equity Method Investments [Line Items]
Development management and other revenues		2,366	1,847	6,715	5,033
Unconsolidated Co-Investment Ventures [Member] | U.S. [Member]
Schedule Of Equity Method Investments [Line Items]
Total strategic capital revenues		9,565	9,866	27,739	28,027
Earnings from unconsolidated entities, net		1,763	2,969	9,140	3,930
Unconsolidated Co-Investment Ventures [Member] | Other Americas [Member]
Schedule Of Equity Method Investments [Line Items]
Total strategic capital revenues		5,806	4,232	16,864	17,046
Earnings from unconsolidated entities, net		8,077	7,589	20,885	21,186
Unconsolidated Co-Investment Ventures [Member] | Europe
Schedule Of Equity Method Investments [Line Items]
Total strategic capital revenues	[1]	113,457	20,652	160,904	60,046
Earnings from unconsolidated entities, net		29,802	20,871	90,395	69,685
Unconsolidated Co-Investment Ventures [Member] | Asia
Schedule Of Equity Method Investments [Line Items]
Total strategic capital revenues		11,202	8,760	34,249	26,165
Earnings from unconsolidated entities, net		$ 4,905	$ 1,188	$ 12,253	$ 8,903
[1]	In September 2016, we earned promotes from Prologis Targeted Logistics Fund (“PTELF”) and Prologis European Properties Fund II (“PEP II”), each based on the venture’s cumulative returns to the investors over the last three years. The third parties’ share of the promotes that were recognized in Strategic Capital Revenues were €79.2 million ($88.4 million).

Unconsolidated Entities - Sum43

Unconsolidated Entities - Summary of Amounts Recognized in Consolidated Statements of Income Related to Co-Investment Ventures (Parenthetical) (Detail) - 1 months ended Sep. 30, 2016 € in Millions, $ in Millions	USD ($)	EUR (€)
Prologis Targeted Logistics Fund and Prologis European Properties Fund II [Member] | Third Parties [Member]
Schedule Of Equity Method Investments [Line Items]
Third parties share of promotes recognized in strategic capital revenues	$ 88.4	€ 79.2

Unconsolidated Entities - Sum44

Unconsolidated Entities - Summary of Operating Information and Financial Position of Unconsolidated Co-investment Ventures (Detail) - Unconsolidated Co-Investment Ventures [Member] $ in Thousands, ft² in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2016USD ($)ft²PropertyVenture	Sep. 30, 2015USD ($)ft²PropertyVenture	Sep. 30, 2016USD ($)ft²PropertyVenture	Sep. 30, 2015USD ($)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		1,348	1,342	1,348	1,342	1,350
Square feet | ft²		284	275	284	275	277
Total assets		$ 23,576,000	$ 22,811,000	$ 23,576,000	$ 22,811,000	$ 22,553,000
Third-party debt		6,724,000	6,517,000	6,724,000	6,517,000	6,250,000
Total liabilities		8,196,000	7,860,000	8,196,000	7,860,000	7,593,000
Our investment balance	[1]	4,423,000	4,631,000	4,423,000	4,631,000	$ 4,585,000
Revenues		486,055	458,561	1,451,953	1,364,449
Net earnings		$ 137,597	$ 94,162	$ 392,054	$ 302,270
U.S. [Member]
Schedule Of Equity Method Investments [Line Items]
Number of ventures | Venture		1	1	1	1	1
Number of properties owned | Property		366	401	366	401	391
Square feet | ft²		49	51	49	51	50
Total assets		$ 4,167,000	$ 4,433,000	$ 4,167,000	$ 4,433,000	$ 4,408,000
Third-party debt		1,421,000	1,459,000	1,421,000	1,459,000	1,433,000
Total liabilities		1,509,000	1,557,000	1,509,000	1,557,000	1,550,000
Our investment balance	[1],[2]	514,000	703,000	514,000	703,000	$ 690,000
Revenues		99,598	97,144	295,568	284,514
Net earnings		$ 11,128	$ 14,056	$ 46,988	$ 19,859
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		$ 2,679,000	$ 2,433,000	$ 2,679,000	$ 2,433,000	$ 2,482,000
Third-party debt		671,000	562,000	671,000	562,000	657,000
Total liabilities		754,000	605,000	754,000	605,000	708,000
Our investment balance	[1]	851,000	777,000	851,000	777,000	$ 786,000
Revenues		62,557	55,052	178,640	172,534
Net earnings		$ 20,157	$ 19,505	$ 53,506	$ 57,747
Europe
Schedule Of Equity Method Investments [Line Items]
Number of ventures | Venture		4	4	4	4	4
Number of properties owned | Property		694	683	694	683	688
Square feet | ft²		160	159	160	159	159
Total assets		$ 11,291,000	$ 11,711,000	$ 11,291,000	$ 11,711,000	$ 11,343,000
Third-party debt		2,628,000	2,763,000	2,628,000	2,763,000	2,640,000
Total liabilities		3,620,000	3,743,000	3,620,000	3,743,000	3,584,000
Our investment balance	[1],[2],[3]	2,565,000	2,796,000	2,565,000	2,796,000	$ 2,707,000
Revenues		232,853	237,914	724,436	702,772
Net earnings		$ 76,382	$ 50,504	$ 217,781	$ 168,947
Asia
Schedule Of Equity Method Investments [Line Items]
Number of ventures | Venture		2	2	2	2	2
Number of properties owned | Property		79	57	79	57	66
Square feet | ft²		34	27	34	27	29
Total assets		$ 5,439,000	$ 4,234,000	$ 5,439,000	$ 4,234,000	$ 4,320,000
Third-party debt		2,004,000	1,733,000	2,004,000	1,733,000	1,520,000
Total liabilities		2,313,000	1,955,000	2,313,000	1,955,000	1,751,000
Our investment balance	[1]	493,000	355,000	493,000	355,000	$ 402,000
Revenues		91,047	68,451	253,309	204,629
Net earnings		$ 29,930	$ 10,097	$ 73,779	$ 55,717
Weighted Average [Member]
Schedule Of Equity Method Investments [Line Items]
Our weighted average ownership	[4]	28.90%	32.10%	28.90%	32.10%	31.60%
Weighted Average [Member] | U.S. [Member]
Schedule Of Equity Method Investments [Line Items]
Our weighted average ownership	[2],[4]	17.80%	22.60%	17.80%	22.60%	22.50%
Weighted Average [Member] | Other Americas [Member]
Schedule Of Equity Method Investments [Line Items]
Our weighted average ownership	[4]	43.70%	43.90%	43.70%	43.90%	43.80%
Weighted Average [Member] | Europe
Schedule Of Equity Method Investments [Line Items]
Our weighted average ownership	[2],[4]	36.30%	39.50%	36.30%	39.50%	38.90%
Weighted Average [Member] | Asia
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 September 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 ($444.4 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 ($256.9 million and $189.7 million, respectively). Included in the advances to our ventures at September 30, 2016, and December 31, 2015, were receivables from Nippon Prologis REIT, Inc. (“NPR”) of $110.6 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]	In April 2016, we redeemed a portion of our investment in 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 in the Consolidated Financial Statements of Cash Flows. In October 2016, we redeemed an additional portion of our investment in PTELF and USLF for €90.0 million ($100.3 million) and $100 million, respectively. Following these transactions, our ownership percentage decreased to 22.2% and 14.9% in PTELF and USLF, respectively.
[3]	At September 30, 2016, we had $95.8 million of receivables associated with the promotes discussed above, including $57.0 million from the third party investors in PEP II.
[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 - Sum45

Unconsolidated Entities - Summary of Operating Information and Financial Position of Unconsolidated Co-investment Ventures (Parenthetical) (Detail) € in Millions, $ in Millions	1 Months Ended				9 Months Ended	12 Months Ended
	Oct. 31, 2016USD ($)	Oct. 31, 2016EUR (€)	Apr. 30, 2016USD ($)	Apr. 30, 2016EUR (€)	Sep. 30, 2016USD ($)	Dec. 31, 2015USD ($)
Schedule Of Equity Method Investments [Line Items]
Deferred gain recognize					$ 444.4	$ 430.7
Additional costs associated with investment in a venture					123.9	122.1
Intercompany notes receivable and advances to ventures					256.9	189.7
Receivables associated with promotes					95.8
Nippon Prologis REIT Inc [Member]
Schedule Of Equity Method Investments [Line Items]
Intercompany notes receivable and advances to ventures					110.6	$ 85.2
Prologis Targeted Europe Logistics Fund [Member]
Schedule Of Equity Method Investments [Line Items]
Redemption a portion of our investment			$ 210.6	€ 185
Prologis Targeted Europe Logistics Fund [Member] | Subsequent Event [Member]
Schedule Of Equity Method Investments [Line Items]
Redemption a portion of our investment	$ 100.3	€ 90
Ownership percentage	22.20%	22.20%
Prologis Targeted U.S. Logistics Fund [Member]
Schedule Of Equity Method Investments [Line Items]
Redemption a portion of our investment			200
Prologis Targeted U.S. Logistics Fund [Member] | Subsequent Event [Member]
Schedule Of Equity Method Investments [Line Items]
Redemption a portion of our investment	$ 100
Ownership percentage	14.90%	14.90%
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
Prologis European Properties Fund II [Member] | Third Party Investors [Member]
Schedule Of Equity Method Investments [Line Items]
Receivables associated with promotes					$ 57

Unconsolidated Entities - Sum46

Unconsolidated Entities - Summary of Remaining Equity Commitments (Detail) $ in Millions	9 Months Ended
	Sep. 30, 2016USD ($)
Schedule Of Equity Method Investments [Line Items]
Remaining equity commitments	$ 2,693
Prologis Inc [Member]
Schedule Of Equity Method Investments [Line Items]
Remaining equity commitments	299
Fund Partner [Member]
Schedule Of Equity Method Investments [Line Items]
Remaining equity commitments	2,394
Prologis Targeted U.S. Logistics Fund [Member]
Schedule Of Equity Method Investments [Line Items]
Remaining equity commitments	$ 219
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 [Member]
Schedule Of Equity Method Investments [Line Items]
Remaining equity commitments	219
Prologis Targeted Europe Logistics Fund [Member]
Schedule Of Equity Method Investments [Line Items]
Remaining equity commitments	$ 478	[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 [Member]
Schedule Of Equity Method Investments [Line Items]
Remaining equity commitments	478	[1]
Prologis China Logistics Venture [Member]
Schedule Of Equity Method Investments [Line Items]
Remaining equity commitments	$ 1,996	[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	$ 299	[2]
Prologis China Logistics Venture [Member] | Fund Partner [Member]
Schedule Of Equity Method Investments [Line Items]
Remaining equity commitments	$ 1,697	[2]
[1]	Equity commitments are denominated in euro and reported in U.S. dollars based on an exchange rate of $1.12 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 - Sum47

Unconsolidated Entities - Summary of Remaining Equity Commitments (Parenthetical) (Detail) $ in Millions	1 Months Ended
	Jan. 31, 2016USD ($)	Sep. 30, 2016$ / €
Prologis Targeted Europe Logistics Fund [Member] | U.S. Dollars to Euro [Member]
Schedule Of Equity Method Investments [Line Items]
Exchange rate		1.12
Prologis European Properties Fund II [Member] | U.S. Dollars to Euro [Member]
Schedule Of Equity Method Investments [Line Items]
Exchange rate		1.12
Europe Logistics Venture 1 [Member] | U.S. Dollars to Euro [Member]
Schedule Of Equity Method Investments [Line Items]
Exchange rate		1.12
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 Contr49

Assets Held for Sale or Contribution - Summary of Assets Held for Sale or Contribution (Detail) ft² in Thousands, $ in Thousands	Sep. 30, 2016USD ($)ft²Property	Dec. 31, 2015USD ($)ft²Property
Long Lived Assets Held For Sale [Line Items]
Total assets held for sale or contribution	$ 450,349	$ 378,423
Total liabilities associated with assets held for sale or contribution – included in Other Liabilities	$ 4,693	$ 6,874
Disposal Group Heldforsale Not Discontinued Operations
Long Lived Assets Held For Sale [Line Items]
Number of operating properties | Property	18	17
Square feet | ft²	6,191	5,065

Notes Receivable Backed by Re50

Notes Receivable Backed by Real Estate - Additional Information (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 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	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Debt	$ 11,256,997	$ 11,626,831
Credit Facilities [Member]
Debt Instrument [Line Items]
Debt	0
Senior Notes [Member]
Debt Instrument [Line Items]
Debt	6,625,291	6,516,392
Term Loan [Member]
Debt Instrument [Line Items]
Debt	1,900,000
Secured Mortgages [Member]
Debt Instrument [Line Items]
Debt	$ 1,053,742	$ 1,172,473
Debts Of Operating Partnership [Member]
Debt Instrument [Line Items]
Weighted Average Interest Rate	3.10%	3.20%
Debt	$ 11,256,997	$ 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	$ 6,625,291	$ 6,516,392
Debts Of Operating Partnership [Member] | Term Loan [Member]
Debt Instrument [Line Items]
Weighted Average Interest Rate	1.50%	2.10%
Debt	$ 1,876,600	$ 2,100,009
Debts Of Operating Partnership [Member] | Unsecured Other Debt [Member]
Debt Instrument [Line Items]
Weighted Average Interest Rate	6.20%	6.20%
Debt	$ 14,911	$ 15,448
Debts Of Operating Partnership [Member] | Secured Mortgages [Member]
Debt Instrument [Line Items]
Weighted Average Interest Rate	4.60%	5.10%
Debt	$ 1,053,742	$ 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	$ 1,686,453	$ 1,822,509

Debt - Debt Summary (Parentheti

Debt - Debt Summary (Parenthetical) (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Debt	$ 11,256,997	$ 11,626,831
EUR
Debt Instrument [Line Items]
Debt	3,500,000
JPY
Debt Instrument [Line Items]
Debt	1,500,000
CAD
Debt Instrument [Line Items]
Debt	$ 429,200

Debt - Additional Information (

Debt - Additional Information (Detail)	3 Months Ended	9 Months Ended
	Mar. 31, 2015USD ($)shares	Sep. 30, 2016USD ($)	Sep. 30, 2016JPY (¥)	Apr. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Mar. 31, 2016JPY (¥)	Dec. 31, 2015USD ($)
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity		$ 3,472,147,000
Borrowings outstanding		0
Notes exchanged	$ 459,800,000
Number of share issued on debt conversion | shares	11,900,000
Repayments of convertible debt	$ 200,000
Exchangeable Senior Notes Outstanding		6,600,000,000
Carrying Value of Debt		$ 11,256,997,000					$ 11,626,831,000
2016 Yen Senior Term Loan [Member]
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity | ¥						¥ 11,200,000,000
Debt Instrument maturity date		2017-03
Borrowings outstanding					$ 99,600,000	¥ 11,200,000,000
Yen Term Loan [Member]
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity		$ 1,200,000,000	¥ 120,000,000,000
Increased Line Of Credit Facility Maximum Borrowing Capacity		$ 2,000,000,000	200,000,000,000
Yen Term Loan Tranche One [Member]
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity | ¥			50,000,000,000
Debt Instrument maturity date		2022-08
Interest rate, description		yen LIBOR plus 0.65%
Yen Term Loan Tranche One [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Interest rate		0.65%
Yen Term Loan Tranche Two [Member]
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity | ¥			70,000,000,000
Debt Instrument maturity date		2023-08
Interest rate, description		yen LIBOR plus 0.65%
Yen Term Loan Tranche Two [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Interest rate		0.65%
Exchangeable Senior Notes [Member]
Debt Instrument [Line Items]
Unrealized gain (loss) on derivative instrument	$ 8,300,000
Term Loan [Member]
Debt Instrument [Line Items]
Carrying Value of Debt		$ 1,900,000,000
Global Facility [Member]
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity		$ 3,750,000,000		$ 3,000,000,000	$ 2,300,000,000
Debt Instrument maturity date		2020-04
Revolver [Member]
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity		$ 557,600,000	56,500,000,000
Credit facility current borrowing capacity		$ 444,100,000	¥ 45,000,000,000

Debt - Credit Facilities (Detai

Debt - Credit Facilities (Detail) $ in Thousands	Sep. 30, 2016USD ($)
Debt Disclosure [Abstract]
Aggregate lender commitments	$ 3,472,147
Borrowings outstanding	0
Outstanding letters of credit	38,849
Current availability	$ 3,433,298

Debt - Long-Term Debt Maturitie

Debt - Long-Term Debt Maturities (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
2,016	$ 15,408
2,017	866,289
2,018	745,893
2,019	1,082,274
2,020	1,337,814
2,021	1,423,962
2,022	1,438,681
2,023	1,993,476
2,024	915,547
2,025	888,684
Thereafter	572,180
Subtotal	11,280,208
Unamortized premiums (discounts), net	29,220
Unamortized debt issuance costs, net	(52,431)
Totals	11,256,997	$ 11,626,831
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
Senior Notes [Member]
Debt Instrument [Line Items]
2,016	0
2,017	0
2,018	175,000
2,019	618,294
2,020	881,541
2,021	1,281,270
2,022	781,270
2,023	850,000
2,024	781,270
2,025	750,000
Thereafter	558,050
Subtotal	6,676,695
Unamortized premiums (discounts), net	(21,324)
Unamortized debt issuance costs, net	(30,080)
Totals	6,625,291	6,516,392
Term Loans And Other Debt [Member]
Debt Instrument [Line Items]
2,016	406
2,017	422,725
2,018	915
2,019	990
2,020	1,014
2,021	1,086
2,022	494,181
2,023	968,795
2,024	864
2,025	938
Thereafter	11,749
Subtotal	1,903,663
Unamortized premiums (discounts), net	0
Unamortized debt issuance costs, net	(12,152)
Totals	1,891,511	$ 2,115,457
Secured Mortgage Debt [Member]
Debt Instrument [Line Items]
2,016	15,002
2,017	443,564
2,018	569,978
2,019	462,990
2,020	455,259
2,021	141,606
2,022	163,230
2,023	174,681
2,024	133,413
2,025	137,746
Thereafter	2,381
Subtotal	2,699,850
Unamortized premiums (discounts), net	50,544
Unamortized debt issuance costs, net	(10,199)
Totals	$ 2,740,195

Noncontrolling Interests - Addi

Noncontrolling Interests - Additional Information (Detail)	9 Months Ended
	Sep. 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		9 Months Ended
		Sep. 30, 2016	Dec. 31, 2015	May 29, 2015
Noncontrolling Interest [Line Items]
Operating Partnership noncontrolling interest		$ 3,092,988	$ 3,320,227
Noncontrolling interests		3,484,103	3,752,901
Total Assets		30,888,209	31,394,767
Total Liabilities		12,604,939	12,973,931
Non-controlling Interests [Member]
Noncontrolling Interest [Line Items]
Total Assets		9,763,921	10,494,233
Total Liabilities		$ 1,906,648	$ 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		$ 2,445,631	$ 2,677,642
Total Assets		6,256,419	6,788,968
Total Liabilities		$ 821,488	$ 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]	$ 486,353	$ 490,444
Total Assets	[1]	2,493,666	2,619,241
Total Liabilities	[1]	$ 1,048,648	$ 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]	$ 60,290	$ 49,313
Total Assets	[1],[2]	137,519	100,836
Total Liabilities	[1],[2]	$ 633	192
Other Consolidated Entities [Member]
Noncontrolling Interest [Line Items]
Parent Company's Ownership	[3]	various
Operating Partnership noncontrolling interest	[3]	$ 100,714	102,828
Total Assets	[3]	876,317	985,188
Total Liabilities	[3]	35,879	42,811
Prologis, L.P. [Member]
Noncontrolling Interest [Line Items]
Noncontrolling interests		3,092,988	3,320,227
Total Assets		30,888,209	31,394,767
Total Liabilities		12,604,939	12,973,931
Prologis, L.P. [Member] | Non-controlling Interests [Member]
Noncontrolling Interest [Line Items]
Limited partners in Prologis, L.P.	[4],[5]	391,115	432,674
Total Assets	[4],[5]	0	0
Total Liabilities	[4],[5]	0	0
Prologis Inc [Member]
Noncontrolling Interest [Line Items]
Total Assets		9,763,921	10,494,233
Total Liabilities		1,906,648	2,055,704
Prologis Inc [Member] | Non-controlling Interests [Member]
Noncontrolling Interest [Line Items]
Noncontrolling interests		$ 3,484,103	$ 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 $118.8 million and $103.1 million at September 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 September 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 September 30, 2016, and December 31, 2015, excluding the Class A Units, there were common limited partnership units in the Operating Partnership outstanding that were exchangeable into cash or, at our option, 4.6 million shares and 6.4 million shares of the Parent’s common stock with a fair value of $245.9 million and $275.0 million, respectively, based on the closing stock price of the Parent’s common stock. In 2016, unitholders exchanged 1.9 million common limited partnership units into an equal number of shares of the Parent’s common stock with a value of $51.9 million. At September 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]	We had 8.9 million Class A Units that were convertible into 8.7 million and 8.8 million common limited partnership units of the Operating Partnership at September 30, 2016, and December 31, 2015, respectively.

Noncontrolling Interests - No58

Noncontrolling Interests - Noncontrolling Interest Summary (Parenthetical) (Detail) - USD ($) shares in Thousands, $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Noncontrolling Interest [Line Items]
Business acquisition, common limited partnership units issued	4,600	6,400
Fair value of outstanding limited partnership units	$ 245,900	$ 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
Units outstanding	8,900	8,900
Conversion and exchange of units to shares	8,700	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	$ 118,800	$ 103,100
Prologis, L.P. [Member] | Class A Capital [Member] | Limited Partners [Member]
Noncontrolling Interest [Line Items]
Units outstanding	8,894	8,894
Prologis, L.P. [Member] | Common [Member] | Limited Partners [Member]
Noncontrolling Interest [Line Items]
Units outstanding	5,336	6,711
Conversion and exchange of units to shares	(1,867)
Conversion of limited partners units, value	$ (51,950)

Long-Term Compensation - Additi

Long-Term Compensation - Additional Information (Detail)	Jun. 03, 2016USD ($)	Sep. 30, 2016USD ($)Venture$ / sharesshares	Sep. 30, 2015USD ($)	Dec. 31, 2015USD ($)Ventureshares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock options outstanding		2,200,000
Stock options exercisable		2,200,000
Stock options outstanding, weighted average exercise price | $ / shares		$ 38.54
Stock options exercisable, weighted average exercise price | $ / shares		$ 38.54
Aggregate intrinsic value of exercised options | $		$ 43,900,000	$ 6,000,000
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		2
Total value of awards | $		$ 15,200,000		$ 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	9 Months Ended
	Sep. 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	(804)
Forfeited	(36)
Number of Awards, ending balance	1,592
Weighted Average Grant-Date Fair Value	$ 40.37	$ 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	743
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 61

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		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Summary Of Computation Of Basic And Diluted Earnings Per Share [Line Items]
Net earnings attributable to common stockholders/unit holders - Basic	$ 279,255	$ 258,979	$ 762,679	$ 744,425
Net earnings attributable to exchangeable limited partnership units	7,713	3,203	24,479	7,331
Gains, net of expenses, associated with exchangeable debt assumed exchanged	0	0	0	(1,614)
Adjusted net earnings attributable to common stockholders – Diluted	$ 286,968	$ 262,182	$ 787,158	$ 750,142
Weighted average common shares/units outstanding – Basic	527,288	523,528	525,462	520,388
Incremental weighted average effect on exchange of limited partnership units	14,568	6,685	17,156	5,875
Incremental weighted average effect of equity awards	5,344	1,860	2,610	1,953
Incremental weighted average effect on exchangeable debt assumed exchanged	0	0	0	2,905
Weighted average common shares/partnership units outstanding - Diluted	547,200	532,073	545,228	531,121
Net earnings per share/unit attributable to common stockholders/unitholders -
Basic	$ 0.53	$ 0.49	$ 1.45	$ 1.43
Diluted	$ 0.52	$ 0.49	$ 1.44	$ 1.41
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	$ 286,943	$ 262,155	$ 784,917	$ 750,181
Net earnings attributable to exchangeable limited partnership units	25	27	2,241	1,575
Gains, net of expenses, associated with exchangeable debt assumed exchanged	0	0	0	(1,614)
Adjusted net earnings attributable to common stockholders – Diluted	$ 286,968	$ 262,182	$ 787,158	$ 750,142
Weighted average common shares/units outstanding – Basic	532,934	530,044	531,985	524,411
Incremental weighted average effect on exchange of limited partnership units	169	169	1,835	1,852
Incremental weighted average effect of equity awards	5,344	1,860	2,610	1,953
Incremental weighted average effect on exchangeable debt assumed exchanged	0	0	0	2,905
Weighted average common shares/partnership units outstanding - Diluted	547,200	532,073	545,228	531,121
Net earnings per share/unit attributable to common stockholders/unitholders -
Basic	$ 0.53	$ 0.49	$ 1.45	$ 1.43
Diluted	$ 0.52	$ 0.49	$ 1.44	$ 1.41
Incremental weighted average effect on exchange of Class A convertible units	8,753	0	8,798	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	$ (4,641)	$ 0	$ (12,769)	$ 0
Adjusted net earnings attributable to common stockholders – Diluted	4,641	0	12,769	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	$ 282,302	$ 262,155	$ 772,148	$ 750,181

Earnings Per Common Share or 62

Earnings Per Common Share or Unit - Computation of Basic and Diluted Earnings Per Share Unit (Parenthetical) (Detail) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Summary Of Computation Of Basic And Diluted Earnings Per Share [Line Items]
Total potential dilutive shares and units outstanding	25,453	15,710	24,939	16,172
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	10,587	1,835	10,633	1,852
Total potentially dilutive stock awards outstanding	9,220	7,359	7,783	7,392
Total weighted average potentially dilutive shares and units from exchangeable debt outstanding	0	0	0	2,905
Total potential dilutive shares and units outstanding	19,807	9,194	18,416	12,149
Total potential dilutive shares and units outstanding limited partnership	5,646	6,516	6,523	4,023

Financial Instruments and Fai63

Financial Instruments and Fair Value Measurements - Schedule of Fair Value and Classification of Derivative Instruments (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Derivatives Fair Value [Line Items]
Asset	$ 75,504	$ 53,579
Liability	28,362	13,729
Foreign Currency Options [Member] | CAD
Derivatives Fair Value [Line Items]
Asset	559	3,324
Liability	403	0
Foreign Currency Options [Member] | GBP [Member]
Derivatives Fair Value [Line Items]
Asset	16,024	4,241
Liability	0	745
Foreign Currency Options [Member] | EUR
Derivatives Fair Value [Line Items]
Asset	1,086	11,711
Liability	2,007	84
Foreign Currency Options [Member] | JPY [Member]
Derivatives Fair Value [Line Items]
Asset	345	832
Liability	15,775	717
Interest Rate Hedges [Member]
Derivatives Fair Value [Line Items]
Asset	0	0
Liability	8,834	12,095
Net Investment Hedges [Member] | CAD
Derivatives Fair Value [Line Items]
Asset	0	0
Liability	1,148	0
Net Investment Hedges [Member] | GBP [Member]
Derivatives Fair Value [Line Items]
Asset	57,490	33,471
Liability	0	0
Cash Flow Hedge [Member] | Foreign Currency Options [Member] | Peso [Member]
Derivatives Fair Value [Line Items]
Asset	0	0
Liability	$ 195	$ 88

Financial Instruments and Fai64

Financial Instruments and Fair Value Measurements - Additional Information (Detail)	3 Months Ended		9 Months Ended
	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)Contracts	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Derivatives Fair Value [Line Items]
Hedge ineffectiveness	$ 0	$ 0	$ 0	$ 0
Gains (losses) from option contracts exercised	(3,100,000)	3,400,000	(1,200,000)	9,600,000
Carrying Value of Debt	11,256,997,000		11,256,997,000		$ 11,626,831,000
Foreign currency translation gains (losses)	(40,800,000)	(158,100,000)	(22,000,000)	(465,000,000)
JPY
Derivatives Fair Value [Line Items]
Carrying Value of Debt	1,500,000,000		1,500,000,000
Yen Term Loan [Member]
Derivatives Fair Value [Line Items]
Carrying Value of Debt	26,300,000		26,300,000
Yen Term Loan [Member] | Accumulated Other Comprehensive Income (Loss) [Member]
Derivatives Fair Value [Line Items]
Carrying Value of Debt	14,500,000		14,500,000
Foreign Currency Options [Member]
Derivatives Fair Value [Line Items]
Gains (losses) on foreign exchange transactions	3,100,000	2,700,000	(10,400,000)	12,200,000
Interest Rate Swaps [Member]
Derivatives Fair Value [Line Items]
Notional value of derivative	509,000,000	1,284,000,000	509,000,000	$ 1,284,000,000	$ 1,434,000,000	$ 398,000,000
Interest Rate Swaps [Member] | 2015 Japanese Yen Term Loan [Member]
Derivatives Fair Value [Line Items]
Number of contracts | Contracts				2
Notional value of derivative		526,300,000		$ 526,300,000
Interest Rate Swaps [Member] | Future Debt Issuance [Member]
Derivatives Fair Value [Line Items]
Number of contracts | Contracts				2
Notional value of derivative		$ 360,000,000		$ 360,000,000
Interest Rate Swaps [Member] | Future Debt Issuance [Member] | LIBOR [Member]
Derivatives Fair Value [Line Items]
Fixed interest rate		2.30%		2.30%
Interest Rate Hedges [Member] | JPY
Derivatives Fair Value [Line Items]
Gains (losses) from option contracts exercised	$ 1,500,000		$ (9,900,000)

Financial Instruments and Fai65

Financial Instruments and Fair Value Measurements - Foreign Currency Contracts Activity (Detail)		9 Months Ended
		Sep. 30, 2016USD ($)Derivative$ / €£ / $¥ / $CAD / $€ / $		Sep. 30, 2016EUR (€)Derivative$ / €£ / $¥ / $CAD / $€ / $	Sep. 30, 2016JPY (¥)Derivative$ / €£ / $¥ / $CAD / $€ / $	Sep. 30, 2016GBP (£)Derivative$ / €£ / $¥ / $CAD / $€ / $		Sep. 30, 2016CADDerivative$ / €£ / $¥ / $CAD / $€ / $	Sep. 30, 2015USD ($)		Sep. 30, 2015EUR (€)	Sep. 30, 2015JPY (¥)	Sep. 30, 2015GBP (£)
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 September 30		$ 371,000,000				£ 238,000,000			386,000,000				238,000,000
Weighted average forward rate at September 30 | £ / $		1.56		1.56	1.56	1.56		1.56
Active contracts at September 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 September 30		$ 0			¥ 0				0			0
Weighted average forward rate at September 30 | ¥ / $		0		0	0	0		0
Active contracts at September 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 September 30		$ 100,000,000						CAD 133,000,000
Weighted average forward rate at September 30 | CAD / $		1.33		1.33	1.33	1.33		1.33
Active contracts at September 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 September 30									0		0
Forward and Option Contracts [Member]
Derivative [Line Items]
Notional amounts at September 30				€ 8,000,000		£ 6,000,000
Weighted average forward rate at September 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	[1]			£ 97,000,000	[2]		0	[1]			0
New contracts		0	[1]			0	[2]		269,000,000	[1]			179,000,000
Matured or expired contracts		(55,000,000)	[1]			(36,000,000)	[2]		(104,000,000)	[1]			(70,000,000)
Notional amounts at September 30		$ 93,000,000	[1]			£ 61,000,000	[2]		165,000,000	[1]			£ 109,000,000
Weighted average forward rate at September 30 | £ / $		1.53		1.53	1.53	1.53		1.53
Active contracts at September 30		10		10	10	10		10
Forward and Option Contracts [Member] | JPY
Derivative [Line Items]
Notional amounts at January 1		$ 109,000,000	[1]		¥ 12,840,000,000				0	[1]		0
New contracts		147,000,000	[1]		15,460,000,000				159,000,000	[1]		18,740,000,000
Matured or expired contracts		(95,000,000)	[1]		(10,940,000,000)				(38,000,000)	[1]		(4,400,000,000)
Notional amounts at September 30		$ 161,000,000	[1]		¥ 17,360,000,000				121,000,000	[1]		¥ 14,340,000,000
Weighted average forward rate at September 30 | ¥ / $		108.64		108.64	108.64	108.64		108.64
Active contracts at September 30		32		32	32	32		32
Forward and Option Contracts [Member] | EUR
Derivative [Line Items]
Notional amounts at January 1		$ 310,000,000	[1]	€ 275,000,000					354,000,000	[1]	284,000,000
New contracts		359,000,000	[1]	321,000,000					303,000,000	[1]	268,000,000
Matured or expired contracts		(492,000,000)	[1]	(440,000,000)					(358,000,000)	[1]	(292,000,000)
Notional amounts at September 30		$ 177,000,000	[1]	€ 156,000,000					299,000,000	[1]	€ 260,000,000
Weighted average forward rate at September 30 | € / $		1.14		1.14	1.14	1.14		1.14
Active contracts at September 30		18		18	18	18		18
Forward and Option Contracts [Member] | USD [Member]
Derivative [Line Items]
Notional amounts at January 1 | $	[1]	$ 50,000,000							0
New contracts | $	[1]	15,000,000							63,000,000
Matured or expired contracts | $	[1]	(21,000,000)							(13,000,000)
Notional amounts at September 30 | $	[1]	$ 44,000,000							$ 50,000,000
Active contracts at September 30		18		18	18	18		18
[1]	During the nine months ended September 30, 2016, and 2015, we exercised 41 and 23 option contracts, respectively. We realized losses of $3.1 million and $1.2 million for the three and nine months ended September 30, 2016, respectively, and gains of $3.4 million and $9.6 million for the three and nine months ended September 30, 2015, respectively, in Foreign Currency and Derivative 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 Fai66

Financial Instruments and Fair Value Measurements - Foreign Currency Contracts Activity (Parenthetical) (Detail) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)Contracts	Sep. 30, 2015USD ($)Contracts	Sep. 30, 2016EUR (€)$ / €	Sep. 30, 2016GBP (£)$ / €
Derivative [Line Items]
Number of option contracts exercised			41	23
Gains (losses) from option contracts exercised | $	$ (3.1)	$ 3.4	$ (1.2)	$ 9.6
Forward and Option Contracts [Member]
Derivative [Line Items]
Number of forward contracts included in option contracts available to sell			1
Notional value of derivative					€ 8,000,000	£ 6,000,000
Weighted average forward rate at September 30 | $ / €					1.45	1.45

Financial Instruments and Fai67

Financial Instruments and Fair Value Measurements - Summary of Activity in Interest Rate Swaps (Detail) - Interest Rate Swaps [Member] - USD ($)	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Derivative [Line Items]
Notional amounts at January 1	$ 1,434,000,000	$ 398,000,000
New contracts	0	886,000,000
Matured or expired contracts	(925,000,000)	0
Notional amounts at September 30	$ 509,000,000	$ 1,284,000,000

Financial Instruments and Fai68

Financial Instruments and Fair Value Measurements - Summary of Activity in Interest Rate Swaps (Parenthetical) (Detail)	Sep. 30, 2016Derivative
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Number of interest rate swaps hedges outstanding	3

Financial Instruments and Fai69

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		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total derivative instruments	$ 16,242	$ (1,435)	$ 23,844	$ 36,106
Total derivative and nonderivative hedging instruments	(2,777)	(6,109)	(64,948)	254,835
Designated As Hedging Instrument [Member] | Derivative Net Investment Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total derivative instruments	11,546	14,225	40,966	48,419
Designated As Hedging Instrument [Member] | Interest Rate and Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total derivative instruments	3,110	(14,754)	(10,714)	(15,513)
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	1,586	(906)	(6,408)	3,200
Non-Derivative Net Investment Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Nonderivative net investment hedges	$ (19,019)	$ (4,674)	$ (88,792)	$ 218,729

Financial Instruments and Fai70

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		9 Months Ended		12 Months Ended
	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2016EUR (€)	Dec. 31, 2015USD ($)	Dec. 31, 2015EUR (€)
Derivative Instruments Gain Loss [Line Items]
Amount received from (paid for) on settlement of net investment hedges	$ 0	$ 0	$ 16,800,000	$ 121,500,000
Interest expense reclassified	75,310,000	81,035,000	232,577,000	218,698,000
Debt	11,256,997,000		11,256,997,000				$ 11,626,831,000
Amount of gain (loss) included in AOCI	(48,232,000)	(148,570,000)	(69,832,000)	(197,912,000)
Forward Contracts
Derivative Instruments Gain Loss [Line Items]
Amount of gain (loss) included in AOCI	0	$ 0	0	$ 10,000,000
Designated As Hedging Instrument [Member] | Forward Contracts
Derivative Instruments Gain Loss [Line Items]
Debt	3,600,000,000		3,600,000,000			€ 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	$ 2,000,000		$ 4,100,000
Scenario Forecast | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Derivative Instruments Gain Loss [Line Items]
Interest expense reclassified					$ 6,100,000

Financial Instruments and Fai71

Financial Instruments and Fair Value Measurements - Carrying Amounts and Estimated Fair Values of Debt (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value of Debt	$ 11,256,997	$ 11,626,831
Fair Value of Debt	12,078,845	12,017,527
Credit Facilities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value of Debt	0
Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value of Debt	6,625,291	6,516,392
Fair Value of Debt	7,321,721	6,801,118
Term Loans and Unsecured Other Debt [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value of Debt	1,891,511	2,115,457
Fair Value of Debt	1,905,511	2,128,270
Secured Mortgages [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value of Debt	1,053,742	1,172,473
Fair Value of Debt	1,148,919	1,262,778
Secured Mortgage Debt of Consolidated Entities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value of Debt	1,686,453	1,822,509
Fair Value of Debt	$ 1,702,694	$ 1,825,361

Business Segments - Additional

Business Segments - Additional Information (Detail)	9 Months Ended
	Sep. 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		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Total revenues	$ 704,565	$ 580,622	$ 1,913,020	$ 1,553,873
Consolidated net earnings	232,624	103,392	504,170	274,621
General and administrative expenses	58,157	54,178	165,634	157,458
Depreciation and amortization expenses	224,867	247,471	705,249	607,467
Earnings from unconsolidated entities, net	45,857	33,557	145,622	106,383
Interest expense	(75,310)	(81,035)	(232,577)	(218,698)
Interest and other income, net	2,932	6,237	7,051	19,133
Gains on dispositions of investments in real estate, net	117,296	268,791	461,963	655,288
Foreign currency and derivative losses, net	(1,730)	(9,428)	(26,277)	(374)
Gains (losses) on early extinguishment of debt, net	1,492	0	2,484	(16,525)
Earnings before income taxes	323,161	321,514	862,436	819,828
Total assets	30,888,209		30,888,209		$ 31,394,767
Investments in and advances to unconsolidated entities	4,580,584		4,580,584		4,755,620
Assets held for sale or contribution	450,349		450,349		378,423
Notes receivable backed by real estate	33,800		33,800		235,050
Cash and cash equivalents	375,120	310,433	375,120	310,433	264,080	$ 350,692
Other assets	1,516,340		1,516,340		1,514,510
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenues	704,565	580,622	1,913,020	1,553,873
Consolidated net earnings	515,648	405,041	1,375,053	1,039,546
Total assets	25,184,560		25,184,560		25,470,558
Operating Segments [Member] | Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Total revenues	563,988	536,446	1,671,455	1,420,626
Consolidated net earnings	419,695	387,397	1,231,271	982,960
Total assets	25,115,062		25,115,062		25,399,230
Operating Segments [Member] | Strategic Capital [Member]
Segment Reporting Information [Line Items]
Total revenues	140,577	44,176	241,565	133,247
Consolidated net earnings	95,953	17,644	143,782	56,586
Total assets	69,498		69,498		71,328
Operating Segments [Member] | U.S. [Member] | Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Total revenues	512,759	488,611	1,525,623	1,283,303
Consolidated net earnings	385,837	354,685	1,131,340	892,391
Total assets	21,208,119		21,208,119		22,030,457
Operating Segments [Member] | U.S. [Member] | Strategic Capital [Member]
Segment Reporting Information [Line Items]
Total revenues	9,940	10,453	28,876	29,913
Consolidated net earnings	(577)	132	1,959	3,141
Total assets	18,408		18,408		19,363
Operating Segments [Member] | Other Americas [Member] | Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Total revenues	15,598	14,876	44,637	43,143
Consolidated net earnings	10,417	10,456	29,148	29,229
Total assets	1,001,743		1,001,743		919,381
Operating Segments [Member] | Other Americas [Member] | Strategic Capital [Member]
Segment Reporting Information [Line Items]
Total revenues	5,805	4,239	16,863	16,821
Consolidated net earnings	2,975	2,073	9,142	9,831
Operating Segments [Member] | Europe | Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Total revenues	18,999	17,591	55,328	53,041
Consolidated net earnings	13,819	11,092	40,773	32,173
Total assets	1,430,702		1,430,702		1,291,991
Operating Segments [Member] | Europe | Strategic Capital [Member]
Segment Reporting Information [Line Items]
Total revenues	113,545	20,652	161,333	60,046
Consolidated net earnings	91,358	14,192	125,107	40,317
Total assets	49,358		49,358		49,960
Operating Segments [Member] | Asia | Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Total revenues	16,632	15,368	45,867	41,139
Consolidated net earnings	9,622	11,164	30,010	29,167
Total assets	1,474,498		1,474,498		1,157,401
Operating Segments [Member] | Asia | Strategic Capital [Member]
Segment Reporting Information [Line Items]
Total revenues	11,287	8,832	34,493	26,467
Consolidated net earnings	2,197	1,247	7,574	3,297
Total assets	1,732		1,732		2,005
Reconciling Items [Member]
Segment Reporting Information [Line Items]
Consolidated net earnings	232,624	103,392	504,170	274,621
General and administrative expenses	58,157	54,178	165,634	157,458
Depreciation and amortization expenses	224,867	247,471	705,249	607,467
Earnings from unconsolidated entities, net	45,857	33,557	145,622	106,383
Interest expense	(75,310)	(81,035)	(232,577)	(218,698)
Interest and other income, net	2,932	6,237	7,051	19,133
Gains on dispositions of investments in real estate, net	117,296	268,791	461,963	655,288
Foreign currency and derivative losses, net	(1,730)	(9,428)	(26,277)	(374)
Gains (losses) on early extinguishment of debt, net	1,492	$ 0	2,484	$ (16,525)
Total assets	5,703,649		5,703,649		5,924,209
Investments in and advances to unconsolidated entities	4,580,584		4,580,584		4,755,620
Assets held for sale or contribution	450,349		450,349		378,423
Notes receivable backed by real estate	33,800		33,800		235,050
Cash and cash equivalents	375,120		375,120		264,080
Other assets	$ 263,796		$ 263,796		$ 291,036

Supplemental Cash Flow Inform74

Supplemental Cash Flow Information - Additional Information (Detail) - USD ($) shares in Thousands, $ in Millions	3 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Supplemental Cash Flow Information [Line Items]
Capitalization for equity based compensation expense		$ 19.7	$ 17.1
Equity ownership interest received				$ 65.3
Interest paid in cash, net of amounts capitalized		267.2	273.3
Cash paid for income taxes, net of refunds		$ 16.4	$ 17
Unconsolidated Co-Investment Ventures [Member]
Supplemental Cash Flow Information [Line Items]
Equity ownership interest received	$ 31.8
Limited Partners [Member] | Prologis, L.P. [Member] | Common [Member]
Supplemental Cash Flow Information [Line Items]
Conversion of limited partners units, shares		(1,867)