Prologis (PLD) 10-Q 28 Jul 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Jul. 24, 2020
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Entity Registrant Name	Prologis, Inc.
Entity Central Index Key	0001045609
Entity Current Reporting Status	Yes
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding		738,768,000
Entity Shell Company	false
Entity File Number	001-13545
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	94-3281941
Entity Address, Address Line One	Pier 1, Bay 1
Entity Address, City or Town	San Francisco
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94111
City Area Code	415
Local Phone Number	394-9000
Document Quarterly Report	true
Document Transition Report	false
Common Stock [Member]
Document Information [Line Items]
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	PLD
Security Exchange Name	NYSE
Prologis LP [Member]
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Entity Registrant Name	Prologis, L.P.
Entity Central Index Key	0001045610
Entity Current Reporting Status	Yes
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity File Number	001-14245
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	94-3285362
Entity Address, Address Line One	Pier 1, Bay 1
Entity Address, City or Town	San Francisco
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94111
City Area Code	415
Local Phone Number	394-9000
Document Quarterly Report	true
Document Transition Report	false
Prologis LP [Member] | Notes 3. 000 Percent Due 2022 [Member]
Document Information [Line Items]
Title of 12(b) Security	3.000% Notes due 2022
Trading Symbol	PLD/22
Security Exchange Name	NYSE
Prologis LP [Member] | Notes 3. 375 Percent Due 2024 [Member]
Document Information [Line Items]
Title of 12(b) Security	3.375% Notes due 2024
Trading Symbol	PLD/24
Security Exchange Name	NYSE
Prologis LP [Member] | Notes 3. 000 Percent Due 2026 [Member]
Document Information [Line Items]
Title of 12(b) Security	3.000% Notes due 2026
Trading Symbol	PLD/26
Security Exchange Name	NYSE
Prologis LP [Member] | Notes 2. 250 Percent Due 2029 [Member]
Document Information [Line Items]
Title of 12(b) Security	2.250% Notes due 2029
Trading Symbol	PLD/29
Security Exchange Name	NYSE

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
ASSETS
Investments in real estate properties	$ 48,578,812	$ 35,224,414
Less accumulated depreciation	5,931,378	5,437,662
Net investments in real estate properties	42,647,434	29,786,752
Investments in and advances to unconsolidated entities	7,201,006	6,237,371
Assets held for sale or contribution	1,948,508	720,685
Net investments in real estate	51,796,948	36,744,808
Lease right-of-use assets	497,802	486,330
Cash and cash equivalents	549,129	1,088,855
Other assets	2,377,978	1,711,857
Total assets	55,221,857	40,031,850
Liabilities:
Debt	15,666,872	11,905,877
Lease liabilities	488,550	471,634
Accounts payable and accrued expenses	1,140,569	704,954
Other liabilities	1,179,657	877,601
Total liabilities	18,475,648	13,960,066
Prologis, Inc. stockholders’ equity:
Series Q preferred stock at stated liquidation preference of $50 per share; $0.01 par value; 1,379 shares issued and outstanding and 100,000 preferred shares authorized at June 30, 2020 and December 31, 2019	68,948	68,948
Common stock; $0.01 par value; 738,732 shares and 631,797 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively	7,387	6,318
Additional paid-in capital	35,424,401	25,719,427
Accumulated other comprehensive loss	(1,142,129)	(990,398)
Distributions in excess of net earnings	(2,115,679)	(2,151,168)
Total Prologis, Inc. stockholders’ equity	32,242,928	22,653,127
Partners' capital:
Noncontrolling interests	4,503,281	3,418,657
Total equity	36,746,209	26,071,784
Total liabilities and equity	55,221,857	40,031,850
Prologis, L.P. [Member]
ASSETS
Investments in real estate properties	48,578,812	35,224,414
Less accumulated depreciation	5,931,378	5,437,662
Net investments in real estate properties	42,647,434	29,786,752
Investments in and advances to unconsolidated entities	7,201,006	6,237,371
Assets held for sale or contribution	1,948,508	720,685
Net investments in real estate	51,796,948	36,744,808
Lease right-of-use assets	497,802	486,330
Cash and cash equivalents	549,129	1,088,855
Other assets	2,377,978	1,711,857
Total assets	55,221,857	40,031,850
Liabilities:
Debt	15,666,872	11,905,877
Lease liabilities	488,550	471,634
Accounts payable and accrued expenses	1,140,569	704,954
Other liabilities	1,179,657	877,601
Total liabilities	18,475,648	13,960,066
Partners' capital:
Total partners' capital	33,156,409	23,296,390
Noncontrolling interests	3,589,800	2,775,394
Total capital	36,746,209	26,071,784
Total liabilities and equity	55,221,857	40,031,850
Prologis, L.P. [Member] | Preferred [Member]
Partners' capital:
General partner	68,948	68,948
Prologis, L.P. [Member] | Common [Member]
Partners' capital:
General partner	32,173,980	22,584,179
Limited partners	563,403	355,076
Prologis, L.P. [Member] | Class A Common [Member]
Partners' capital:
Limited partners	$ 350,078	$ 288,187

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2020	Dec. 31, 2019
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	1,379,000	1,379,000
Preferred stock, shares outstanding	1,379,000	1,379,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares issued	738,732,000	631,797,000
Common stock, shares outstanding	738,732,000	631,797,000

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenues:
Rental	$ 944,366	$ 700,689	$ 1,823,173	$ 1,397,496
Strategic capital	320,658	89,144	417,249	162,949
Development management and other	1,100	539	3,943	1,979
Total revenues	1,266,124	790,372	2,244,365	1,562,424
Expenses:
Rental	232,109	181,138	459,727	369,206
Strategic capital	81,545	37,206	128,119	75,264
General and administrative	64,664	66,276	134,353	135,977
Depreciation and amortization	398,195	284,376	744,165	568,385
Other	7,979	3,515	22,553	7,349
Total expenses	784,492	572,511	1,488,917	1,156,181
Operating income before gains on real estate transactions, net	481,632	217,861	755,448	406,243
Gains on dispositions of development properties and land, net	86,416	196,941	249,166	239,382
Gains on other dispositions of investments in real estate, net	43,939	27,254	75,430	173,021
Operating income	611,987	442,056	1,080,044	818,646
Other income (expense):
Earnings from unconsolidated entities, net	54,142	48,556	142,872	105,222
Interest expense	(81,298)	(59,122)	(156,940)	(119,629)
Interest and other income, net	1,027	4,312	1,397	12,222
Foreign currency and derivative gains (losses), net	(60,836)	2,041	52,493	10,775
Losses on early extinguishment of debt, net	(23,573)	(385)	(66,340)	(2,501)
Total other income (expense)	(110,538)	(4,598)	(26,518)	6,089
Earnings before income taxes	501,449	437,458	1,053,526	824,735
Total income tax expense	46,511	26,632	77,424	40,144
Consolidated net earnings	454,938	410,826	976,102	784,591
Less net earnings attributable to noncontrolling interests	48,765	25,550	78,876	50,769
Net earnings attributable to controlling interests	406,173	385,276	897,226	733,822
Less preferred stock/unit dividends/distributions	1,634	1,492	3,269	2,991
Net earnings attributable to common stockholders/unitholders	$ 404,539	$ 383,784	$ 893,957	$ 730,831
Weighted average common shares/units outstanding - Basic	737,992	630,271	718,278	629,990
Weighted average common shares/units outstanding - Diluted	765,830	655,447	746,027	654,766
Net earnings per share/unit attributable to common stockholders/unitholders - Basic	$ 0.55	$ 0.61	$ 1.24	$ 1.16
Net earnings per share/unit attributable to common stockholders/unitholders - Diluted	$ 0.54	$ 0.60	$ 1.23	$ 1.15
Prologis, L.P. [Member]
Revenues:
Rental	$ 944,366	$ 700,689	$ 1,823,173	$ 1,397,496
Strategic capital	320,658	89,144	417,249	162,949
Development management and other	1,100	539	3,943	1,979
Total revenues	1,266,124	790,372	2,244,365	1,562,424
Expenses:
Rental	232,109	181,138	459,727	369,206
Strategic capital	81,545	37,206	128,119	75,264
General and administrative	64,664	66,276	134,353	135,977
Depreciation and amortization	398,195	284,376	744,165	568,385
Other	7,979	3,515	22,553	7,349
Total expenses	784,492	572,511	1,488,917	1,156,181
Operating income before gains on real estate transactions, net	481,632	217,861	755,448	406,243
Gains on dispositions of development properties and land, net	86,416	196,941	249,166	239,382
Gains on other dispositions of investments in real estate, net	43,939	27,254	75,430	173,021
Operating income	611,987	442,056	1,080,044	818,646
Other income (expense):
Earnings from unconsolidated entities, net	54,142	48,556	142,872	105,222
Interest expense	(81,298)	(59,122)	(156,940)	(119,629)
Interest and other income, net	1,027	4,312	1,397	12,222
Foreign currency and derivative gains (losses), net	(60,836)	2,041	52,493	10,775
Losses on early extinguishment of debt, net	(23,573)	(385)	(66,340)	(2,501)
Total other income (expense)	(110,538)	(4,598)	(26,518)	6,089
Earnings before income taxes	501,449	437,458	1,053,526	824,735
Total income tax expense	46,511	26,632	77,424	40,144
Consolidated net earnings	454,938	410,826	976,102	784,591
Less net earnings attributable to noncontrolling interests	37,115	13,864	53,256	28,509
Net earnings attributable to controlling interests	417,823	396,962	922,846	756,082
Less preferred stock/unit dividends/distributions	1,634	1,492	3,269	2,991
Net earnings attributable to common stockholders/unitholders	$ 416,189	$ 395,470	$ 919,577	$ 753,091
Weighted average common shares/units outstanding - Basic	751,182	641,127	730,807	640,832
Weighted average common shares/units outstanding - Diluted	765,830	655,447	746,027	654,766
Net earnings per share/unit attributable to common stockholders/unitholders - Basic	$ 0.55	$ 0.61	$ 1.24	$ 1.16
Net earnings per share/unit attributable to common stockholders/unitholders - Diluted	$ 0.54	$ 0.60	$ 1.23	$ 1.15

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Consolidated net earnings	$ 454,938	$ 410,826	$ 976,102	$ 784,591
Other comprehensive income (loss):
Foreign currency translation gains (losses), net	(1,053)	(47,662)	(134,586)	12,418
Unrealized gains (losses) on derivative contracts, net	1,373	(3,725)	(22,075)	(6,358)
Comprehensive income	455,258	359,439	819,441	790,651
Net earnings attributable to noncontrolling interests	(48,765)	(25,550)	(78,876)	(50,769)
Other comprehensive loss (income) attributable to noncontrolling interests	(97)	1,484	4,930	(498)
Comprehensive income attributable to common stockholders/unitholders	406,396	335,373	745,495	739,384
Prologis, L.P. [Member]
Consolidated net earnings	454,938	410,826	976,102	784,591
Other comprehensive income (loss):
Foreign currency translation gains (losses), net	(1,053)	(47,662)	(134,586)	12,418
Unrealized gains (losses) on derivative contracts, net	1,373	(3,725)	(22,075)	(6,358)
Comprehensive income	455,258	359,439	819,441	790,651
Net earnings attributable to noncontrolling interests	(37,115)	(13,864)	(53,256)	(28,509)
Other comprehensive loss (income) attributable to noncontrolling interests	(41)	(70)	622	(333)
Comprehensive income attributable to common stockholders/unitholders	$ 418,102	$ 345,505	$ 766,807	$ 761,809

Consolidated Statements of Equi

Consolidated Statements of Equity (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement Of Stockholders Equity [Abstract]
Dividends per common share	$ 0.58	$ 0.53	$ 1.16	$ 1.06

Consolidated Statements of Eq_2

Consolidated Statements of Equity - 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]	Noncontrolling Interests [Member]
Balance at Dec. 31, 2018	$ 25,800,888	$ 68,948	$ 6,296	$ 25,685,987	$ (1,084,671)	$ (2,378,467)	$ 3,502,795
Balance, shares at Dec. 31, 2018			629,616
Consolidated net earnings	784,591					733,822	50,769
Effect of equity compensation plans	47,872		$ 9	10,542			37,321
Effect of equity compensation plans, shares			891
Capital contributions	9,071						9,071
Redemption of noncontrolling interests	(95,884)		$ 6	9,472			(105,362)
Redemption of noncontrolling interests, shares			547
Contribution to Brazil venture	(12,630)						(12,630)
Foreign currency translation gains (losses), net	12,418				11,737		681
Unrealized gains (losses) on derivative contracts, net	(6,358)				(6,175)		(183)
Reallocation of equity				(54,318)			54,318
Dividends and other distributions	(762,535)			(17)		(672,363)	(90,155)
Balance at Jun. 30, 2019	25,777,433	68,948	$ 6,311	25,651,666	(1,079,109)	(2,317,008)	3,446,625
Balance, shares at Jun. 30, 2019			631,054
Balance at Mar. 31, 2019	25,824,061	68,948	$ 6,307	25,654,449	(1,029,206)	(2,366,015)	3,489,578
Balance, shares at Mar. 31, 2019			630,743
Consolidated net earnings	410,826					385,276	25,550
Effect of equity compensation plans	25,843		$ 2	11,740			14,101
Effect of equity compensation plans, shares			127
Capital contributions	2,533						2,533
Redemption of noncontrolling interests	(55,661)		$ 2	6,492			(62,155)
Redemption of noncontrolling interests, shares			184
Foreign currency translation gains (losses), net	(47,662)				(46,282)		(1,380)
Unrealized gains (losses) on derivative contracts, net	(3,725)				(3,621)		(104)
Reallocation of equity				(21,014)			21,014
Dividends and other distributions	(378,782)			(1)		(336,269)	(42,512)
Balance at Jun. 30, 2019	25,777,433	68,948	$ 6,311	25,651,666	(1,079,109)	(2,317,008)	3,446,625
Balance, shares at Jun. 30, 2019			631,054
Balance at Dec. 31, 2019	$ 26,071,784	68,948	$ 6,318	25,719,427	(990,398)	(2,151,168)	3,418,657
Balance, shares at Dec. 31, 2019	631,797		631,797
Balance at Mar. 31, 2020	$ 36,775,870	68,948	$ 7,386	35,416,341	(1,142,352)	(2,090,881)	4,516,428
Balance, shares at Mar. 31, 2020			738,563
Balance at Dec. 31, 2019	$ 26,071,784	68,948	$ 6,318	25,719,427	(990,398)	(2,151,168)	3,418,657
Balance, shares at Dec. 31, 2019	631,797		631,797
Consolidated net earnings	$ 976,102					897,226	78,876
Effect of equity compensation plans	49,828		$ 6	6,822			43,000
Effect of equity compensation plans, shares			646
Liberty Transaction, net of issuance costs	10,013,526		$ 1,067	9,801,373			211,086
Liberty Transaction, net of issuance costs, shares			106,723
Repurchases of common shares	(34,829)		$ (5)	(34,824)
Repurchase of common shares, shares			(539)
Capital contributions	916,974						916,974
Redemption of noncontrolling interests	(42,743)		$ 1	4,551			(47,295)
Redemption of noncontrolling interests, shares			105
Foreign currency translation gains (losses), net	(134,586)				(130,266)		(4,320)
Unrealized gains (losses) on derivative contracts, net	(22,075)				(21,465)		(610)
Reallocation of equity				(72,459)			72,459
Dividends and other distributions	(1,047,772)			(489)		(861,737)	(185,546)
Balance at Jun. 30, 2020	$ 36,746,209	68,948	$ 7,387	35,424,401	(1,142,129)	(2,115,679)	4,503,281
Balance, shares at Jun. 30, 2020	738,732		738,732
Balance at Mar. 31, 2020	$ 36,775,870	68,948	$ 7,386	35,416,341	(1,142,352)	(2,090,881)	4,516,428
Balance, shares at Mar. 31, 2020			738,563
Consolidated net earnings	454,938					406,173	48,765
Effect of equity compensation plans	26,505		$ 1	9,943			16,561
Effect of equity compensation plans, shares			128
Liberty Transaction, net of issuance costs	(520)			(39)			(481)
Redemption of noncontrolling interests	(25,932)			1,768			(27,700)
Redemption of noncontrolling interests, shares			41
Foreign currency translation gains (losses), net	(1,053)				(1,105)		52
Unrealized gains (losses) on derivative contracts, net	1,373				1,328		45
Reallocation of equity				(3,132)			3,132
Dividends and other distributions	(484,972)			(480)		(430,971)	(53,521)
Balance at Jun. 30, 2020	$ 36,746,209	$ 68,948	$ 7,387	$ 35,424,401	$ (1,142,129)	$ (2,115,679)	$ 4,503,281
Balance, shares at Jun. 30, 2020	738,732		738,732

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Operating activities:
Consolidated net earnings	$ 976,102	$ 784,591
Adjustments to reconcile net earnings to net cash provided by operating activities:
Straight-lined rents and amortization of above and below market leases	(52,911)	(51,925)
Equity-based compensation awards	59,806	51,944
Depreciation and amortization	744,165	568,385
Earnings from unconsolidated entities, net	(142,872)	(105,222)
Operating distributions from unconsolidated entities	182,739	179,913
Decrease (increase) in operating receivables from unconsolidated entities	(176,939)	27,952
Amortization of debt discounts and debt issuance costs, net	3,465	8,419
Gains on dispositions of development properties and land, net	(249,166)	(239,382)
Gains on other dispositions of investments in real estate, net	(75,430)	(173,021)
Unrealized foreign currency and derivative gains, net	(42,904)	(3,836)
Losses on early extinguishment of debt, net	66,340	2,501
Deferred income tax expense	831	9,235
Decrease (increase) in accounts receivable, lease right-of-use assets and other assets	79,095	(11,740)
Decrease in accounts payable and accrued expenses, lease liabilities and other liabilities	(16,972)	(44,293)
Decrease (increase) in operating receivables from unconsolidated entities	176,939	(27,952)
Net cash provided by operating activities	1,355,349	1,003,521
Investing activities:
Real estate development	(977,602)	(755,588)
Real estate acquisitions	(560,418)	(468,796)
Tenant improvements and lease commissions on previously leased space	(84,884)	(80,969)
Property improvements	(51,456)	(42,015)
Proceeds from dispositions and contributions of real estate properties	1,257,908	1,272,298
Investments in and advances to unconsolidated entities	(286,846)	(186,179)
Return of investment from unconsolidated entities	141,489	359,306
Proceeds from repayment of notes receivable backed by real estate	4,312	0
Proceeds from the settlement of net investment hedges	2,352	12,240
Payments on the settlement of net investment hedges	(7,031)	(28,524)
Net cash provided by (used in) investing activities	(2,251,163)	81,773
Financing activities:
Proceeds from issuance of common stock/units	1,851	4,372
Repurchase and retirement of common stock	(34,829)	0
Dividends/distributions paid on common and preferred stock/units	(861,737)	(672,363)
Noncontrolling interests contributions	916,974	9,071
Noncontrolling interests distributions	(185,546)	(90,155)
Settlement of noncontrolling interests	(42,743)	(95,884)
Tax paid with shares withheld	(23,133)	(21,859)
Debt and equity issuance costs paid	(40,979)	(14,912)
Net proceeds from (payments on) credit facilities	(62,481)	58,974
Repurchase of and payments on debt	(4,690,444)	(2,108,889)
Proceeds from the issuance of debt	5,377,430	1,897,745
Net cash provided by (used in) financing activities	354,363	(1,033,900)
Effect of foreign currency exchange rate changes on cash	1,725	5,940
Net increase (decrease) in cash and cash equivalents	(539,726)	57,334
Cash and cash equivalents, beginning of period	1,088,855	343,856
Cash and cash equivalents, end of period	549,129	401,190
Prologis, L.P. [Member]
Operating activities:
Consolidated net earnings	976,102	784,591
Adjustments to reconcile net earnings to net cash provided by operating activities:
Straight-lined rents and amortization of above and below market leases	(52,911)	(51,925)
Equity-based compensation awards	59,806	51,944
Depreciation and amortization	744,165	568,385
Earnings from unconsolidated entities, net	(142,872)	(105,222)
Operating distributions from unconsolidated entities	182,739	179,913
Decrease (increase) in operating receivables from unconsolidated entities	176,939	(27,952)
Amortization of debt discounts and debt issuance costs, net	3,465	8,419
Gains on dispositions of development properties and land, net	(249,166)	(239,382)
Gains on other dispositions of investments in real estate, net	(75,430)	(173,021)
Unrealized foreign currency and derivative gains, net	(42,904)	(3,836)
Losses on early extinguishment of debt, net	66,340	2,501
Deferred income tax expense	831	9,235
Decrease (increase) in accounts receivable, lease right-of-use assets and other assets	79,095	(11,740)
Decrease in accounts payable and accrued expenses, lease liabilities and other liabilities	(16,972)	(44,293)
Decrease (increase) in operating receivables from unconsolidated entities	(176,939)	27,952
Net cash provided by operating activities	1,355,349	1,003,521
Investing activities:
Real estate development	(977,602)	(755,588)
Real estate acquisitions	(560,418)	(468,796)
Tenant improvements and lease commissions on previously leased space	(84,884)	(80,969)
Property improvements	(51,456)	(42,015)
Proceeds from dispositions and contributions of real estate properties	1,257,908	1,272,298
Investments in and advances to unconsolidated entities	(286,846)	(186,179)
Return of investment from unconsolidated entities	141,489	359,306
Proceeds from repayment of notes receivable backed by real estate	4,312	0
Proceeds from the settlement of net investment hedges	2,352	12,240
Payments on the settlement of net investment hedges	(7,031)	(28,524)
Net cash provided by (used in) investing activities	(2,251,163)	81,773
Financing activities:
Proceeds from issuance of common stock/units	1,851	4,372
Repurchase and retirement of common stock	(34,829)	0
Dividends/distributions paid on common and preferred stock/units	(891,185)	(698,207)
Noncontrolling interests contributions	916,974	9,071
Noncontrolling interests distributions	(156,098)	(64,311)
Settlement of noncontrolling interests	(203)	(21,093)
Redemption of common limited partnership units	(42,540)	(74,791)
Tax paid for shares of the Parent withheld	(23,133)	(21,859)
Debt and equity issuance costs paid	(40,979)	(14,912)
Net proceeds from (payments on) credit facilities	(62,481)	58,974
Repurchase of and payments on debt	(4,690,444)	(2,108,889)
Proceeds from the issuance of debt	5,377,430	1,897,745
Net cash provided by (used in) financing activities	354,363	(1,033,900)
Effect of foreign currency exchange rate changes on cash	1,725	5,940
Net increase (decrease) in cash and cash equivalents	(539,726)	57,334
Cash and cash equivalents, beginning of period	1,088,855	343,856
Cash and cash equivalents, end of period	549,129	401,190
Liberty Transaction [Member]
Investing activities:
Transaction, net of cash acquired	(23,463)	0
Liberty Transaction [Member] | Prologis, L.P. [Member]
Investing activities:
Transaction, net of cash acquired	(23,463)	0
IPT Transaction [Member]
Investing activities:
Transaction, net of cash acquired	(1,665,524)	0
IPT Transaction [Member] | Prologis, L.P. [Member]
Investing activities:
Transaction, net of cash acquired	$ (1,665,524)	$ 0

Consolidated Statements of Capi

Consolidated Statements of Capital (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement Of Partners Capital [Abstract]
Distributions per common unit	$ 0.58	$ 0.53	$ 1.16	$ 1.06

Consolidated Statements of Ca_2

Consolidated Statements of Capital - USD ($) shares in Thousands, $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Consolidated net earnings	$ 454,938		$ 410,826	$ 976,102	$ 784,591
Effect of equity compensation plans	26,505		25,843	49,828	47,872
Capital contributions			2,533	916,974	9,071
Redemption of noncontrolling interests	(25,932)		(55,661)	(42,743)	(95,884)
Contribution to Brazil venture					(12,630)
Unrealized gains (losses) on derivative contracts, net	1,373		(3,725)	(22,075)	(6,358)
Noncontrolling Interests [Member]
Consolidated net earnings	48,765		25,550	78,876	50,769
Effect of equity compensation plans	16,561		14,101	43,000	37,321
Capital contributions			2,533	916,974	9,071
Redemption of noncontrolling interests	(27,700)		(62,155)	(47,295)	(105,362)
Contribution to Brazil venture					(12,630)
Unrealized gains (losses) on derivative contracts, net	45		(104)	$ (610)	(183)
Class A Common [Member]
Beginning balance, units		8,600		8,600
Prologis, L.P. [Member]
Beginning balance	36,775,870	$ 26,071,784	25,824,061	$ 26,071,784	25,800,888
Consolidated net earnings	454,938		410,826	976,102	784,591
Effect of equity compensation plans	26,505		25,843	49,828	47,872
Liberty Transaction, net of issuance costs	(520)			10,013,526
Repurchases of common units				(34,829)
Capital contributions			2,533	916,974	9,071
Redemption of noncontrolling interests					(21,093)
Redemption of limited partners units	(25,932)		(55,661)	(42,743)	(74,791)
Contribution to Brazil venture					(12,630)
Foreign currency translation gains (losses), net	(1,053)		(47,662)	(134,586)	12,418
Unrealized gains (losses) on derivative contracts, net	1,373		(3,725)	(22,075)	(6,358)
Distributions ($0.58 and $1.16 per common unit for three and six months ended June 30, 2020 and $0.53 and $1.06 for three and six months ended June 30, 2019) and other	(484,972)		(378,782)	(1,047,772)	(762,535)
Ending balance	36,746,209	36,775,870	25,777,433	36,746,209	25,777,433
Prologis, L.P. [Member] | Noncontrolling Interests [Member]
Beginning balance	3,591,986	2,775,394	2,799,521	2,775,394	2,836,469
Consolidated net earnings	37,115		13,864	53,256	28,509
Liberty Transaction, net of issuance costs	(481)			896
Capital contributions			2,533	916,974	9,071
Redemption of noncontrolling interests					(11,258)
Contribution to Brazil venture					(12,630)
Foreign currency translation gains (losses), net	41		70	(622)	333
Distributions ($0.58 and $1.16 per common unit for three and six months ended June 30, 2020 and $0.53 and $1.06 for three and six months ended June 30, 2019) and other	(38,861)		(29,805)	(156,098)	(64,311)
Ending balance	3,589,800	3,591,986	2,786,183	3,589,800	2,786,183
Prologis, L.P. [Member] | Preferred [Member] | General Partner
Beginning balance	$ 68,948	$ 68,948	$ 68,948	$ 68,948	$ 68,948
Beginning balance, units	1,379	1,379	1,379	1,379	1,379
Ending balance	$ 68,948	$ 68,948	$ 68,948	$ 68,948	$ 68,948
Ending balance, units	1,379	1,379	1,379	1,379	1,379
Prologis, L.P. [Member] | Common [Member] | General Partner
Beginning balance	$ 32,190,494	$ 22,584,179	$ 22,265,535	$ 22,584,179	$ 22,229,145
Beginning balance, units	738,563	631,797	630,743	631,797	629,616
Consolidated net earnings	$ 406,173		$ 385,276	$ 897,226	$ 733,822
Effect of equity compensation plans	$ 9,944		$ 11,742	$ 6,828	$ 10,551
Effect of equity compensation plans, units	128		127	646	891
Liberty Transaction, net of issuance costs	$ (39)			$ 9,802,440
Liberty Transaction, net of issuance costs, units				106,723
Repurchases of common units				$ (34,829)
Repurchases of common units, units				(539)
Redemption of noncontrolling interests					$ (9,835)
Redemption of limited partners units	$ 1,768		$ 6,494	$ 4,552	$ 19,313
Redemption of limited partners units, units	41		184	105	547
Foreign currency translation gains (losses), net	$ (1,105)		$ (46,282)	$ (130,266)	$ 11,737
Unrealized gains (losses) on derivative contracts, net	1,328		(3,621)	(21,465)	(6,175)
Reallocation of capital	(3,132)		(21,014)	(72,459)	(54,318)
Distributions ($0.58 and $1.16 per common unit for three and six months ended June 30, 2020 and $0.53 and $1.06 for three and six months ended June 30, 2019) and other	(431,451)		(336,270)	(862,226)	(672,380)
Ending balance	$ 32,173,980	$ 32,190,494	$ 22,261,860	$ 32,173,980	$ 22,261,860
Ending balance, units	738,732	738,563	631,054	738,732	631,054
Prologis, L.P. [Member] | Common [Member] | Limited Partners [Member]
Beginning balance	$ 573,481	$ 355,076	$ 395,726	$ 355,076	$ 371,281
Beginning balance, units	13,158	9,933	11,210	9,933	10,516
Consolidated net earnings	$ 7,275		$ 6,609	$ 15,594	$ 12,577
Effect of equity compensation plans	$ 16,561		$ 14,101	$ 43,000	$ 37,321
Effect of equity compensation plans, units	66		103	1,257	1,458
Liberty Transaction, net of issuance costs				$ 210,190
Liberty Transaction, net of issuance costs, shares				2,288
Redemption of limited partners units	$ (27,497)		$ (62,155)	$ (47,092)	$ (94,104)
Redemption of limited partners units, units	(310)		(911)	(564)	(1,572)
Foreign currency translation gains (losses), net	$ 20		$ (838)	$ (2,281)	$ 193
Unrealized gains (losses) on derivative contracts, net	30		(56)	(376)	(101)
Reallocation of capital	2,626		20,558	7,603	54,192
Distributions ($0.58 and $1.16 per common unit for three and six months ended June 30, 2020 and $0.53 and $1.06 for three and six months ended June 30, 2019) and other	(9,093)		(6,985)	(18,311)	(14,399)
Ending balance	$ 563,403	$ 573,481	$ 366,960	$ 563,403	$ 366,960
Ending balance, units	12,914	13,158	10,402	12,914	10,402
Prologis, L.P. [Member] | Class A Common [Member] | Limited Partners [Member]
Beginning balance	$ 350,961	$ 288,187	$ 294,331	$ 288,187	$ 295,045
Beginning balance, units	8,613	8,613	8,849	8,613	8,849
Consolidated net earnings	$ 4,375		$ 5,077	$ 10,026	$ 9,683
Redemption of limited partners units	$ (203)			$ (203)
Redemption of limited partners units, units	(5)			(5)
Foreign currency translation gains (losses), net	$ (9)		(612)	$ (1,417)	155
Unrealized gains (losses) on derivative contracts, net	15		(48)	(234)	(82)
Reallocation of capital	506		456	64,856	126
Distributions ($0.58 and $1.16 per common unit for three and six months ended June 30, 2020 and $0.53 and $1.06 for three and six months ended June 30, 2019) and other	(5,567)		(5,722)	(11,137)	(11,445)
Ending balance	$ 350,078	$ 350,961	$ 293,482	$ 350,078	$ 293,482
Ending balance, units	8,608	8,613	8,849	8,608	8,849

General

General	6 Months Ended
	Jun. 30, 2020
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” or “OP”). Through the OP, we are engaged in the ownership, acquisition, development and management of logistics facilities with a focus on key markets in 19 countries on four continents. We invest in real estate through wholly owned subsidiaries and other entities through which we co-invest with partners and investors. We maintain a significant level of ownership in these co-investment ventures, which may be consolidated or unconsolidated based on our level of control of the entity. 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 logistics properties. Our Strategic Capital segment represents the management of unconsolidated co-investment ventures and other ventures. 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 OP. The terms “the Company,” “Prologis,” “we,” “our” or “us” means the Parent and OP collectively For each share of preferred or common stock the Parent issues, the OP issues a corresponding preferred or common partnership unit, as applicable, to the Parent in exchange for the contribution of the proceeds from the stock issuance. At June 30, 2020, the Parent owned a 97.24% common general partnership interest in the OP and 100% of the preferred units in the OP. The remaining 2.76% common limited partnership interests, which include 8.6 million Class A common limited partnership units (“Class A Units”) in the OP, are owned by unaffiliated investors and certain current and former directors and officers of the Parent. Each partner’s percentage interest in the OP is determined based on the number of OP units held, including the number of OP units into which Class A Units are convertible, compared to total OP 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 OP 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 OP, the Parent has complete responsibility and discretion in the day-to-day management and control of the OP and we operate the Parent and the OP as one enterprise. The management of the Parent consists of the same members as the management of the OP. These members are officers of the Parent and employees of the OP or one of its subsidiaries. As general partner with control of the OP, the Parent is the primary beneficiary and therefore consolidates the OP. Because the Parent’s only significant asset is its investment in the OP, the assets and liabilities of the Parent and the OP 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 note 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 OP 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 year ended December 31, 2019, as filed with the SEC, and other public information. Reclassifications. Certain amounts included in the Consolidated Financial Statements for 2019 have been reclassified to conform to the 2020 financial statement presentation New Accounting Pronouncements. Accounting for Lease Concessions Related to the Effects of the Coronavirus (“COVID-19”) Pandemic . In April 2020, the Financial Accounting Standards Board (“FASB”) issued a Staff Question-and-Answer (“Q&A”) to clarify whether lease concessions related to the effects of COVID-19 require the application of the lease modification guidance under the new lease standard, which we adopted on January 1, 2019. For rent deferrals granted during the six months ended June 30, 2020, we are allowing customers to defer rental payments until later in 2020, in exchange for a note receivable, and we are continuing to recognize rental revenue during the period. In accordance with the Q&A, we are electing to not apply the lease modification guidance to concessions that result in deferred rent as the total cash flows required by the modified lease agreements are materially the same as the cash flows required under the original lease and there are no substantive changes to the consideration. As of July 21, 2020, we have granted deferral requests of $16.9 million. Although COVID-19 continues to have a minimal impact on our rent collections, we may see an increase in bad debt during the remainder of the year. If we grant concessions to a customer that modif y the terms and significantly change the underlying cash flows of the original lease for the remaining term, we will account for these changes as a lease modification in accordance with U.S. GAAP . Reference Rate Reform . In March 2020, the FASB issued an Accounting Standard Update (“ASU”) that provided practical expedients to address existing guidance on contract modifications and hedge accounting due to the expected market transition from the London Inter-bank Offered Rate (“LIBOR”) and other interbank offered rates (together “IBORs”) to alternative reference rates, such as the Secured Overnight Financing Rate. In July 2017, the Financial Conduct Authority announced it intended to stop compelling banks to submit rates for the calculation of LIBOR after 2021. We refer to this transition as “reference rate reform.” The first practical expedient allows companies to elect to not apply certain modification accounting requirements to debt, derivative and lease contracts affected by reference rate reform if certain criteria are met. These criteria include the following: (i) the contract referenced an IBOR rate that is expected to be discontinued; (ii) the modified terms directly replace or have the potential to replace the IBOR rate that is expected to be discontinued; and (iii) any contemporaneous changes to other terms that change or have the potential to change the amount and timing of contractual cash flows must be related to the replacement of the IBOR rate. If the contract meets all three criteria, there is no requirement for remeasurement of the contract at the modification date or reassessment of the previous accounting determination. The second practical expedient allows companies to change the reference rate and other critical terms related to the reference rate reform in derivative hedge documentation without having to dedesignate the hedging relationship. This allows for companies to continue applying hedge accounting to existing cash flow and net investment hedges. The ASU was effective upon issuance on a prospective basis beginning January 1, 2020 and may be elected over time as reference rate reform activities occur. We have not modified any contracts to date however, we will evaluate any debt, derivative and lease contracts that are modified in the future to ensure they are eligible for modification relief and apply the practical expedients as needed.

Liberty Transaction

Liberty Transaction	6 Months Ended
	Jun. 30, 2020
Business Combinations [Abstract]
Liberty Transaction	NOTE 2. LIBERTY TRANSACTION On February 4, 2020, we acquired Liberty Property Trust and Liberty Property Limited Partnership (collectively “Liberty” or the “Liberty Transaction”). The Liberty Transaction was completed for $13.0 billion through the issuance of equity based on the value of the Prologis common stock and units issued of $10.0 billion and the assumption of debt of $2.8 billion, and includes transaction costs. In connection with the transaction, each issued and outstanding share or unit held by a Liberty stockholder or unitholder was converted automatically into 0.675 shares of Prologis common stock or common units of Prologis, L.P., respectively, including shares and units under Liberty’s equity incentive plan that became fully vested at closing. Through the Liberty Transaction, we acquired a portfolio primarily comprised of logistics real estate assets, including 519 industrial operating properties, aggregating 99.6 million square feet, which are highly complementary to our U.S. portfolio in terms of product quality, location and growth potential in our key markets here was approximately 34 million square feet of non-strategic industrial properties acquired in the Liberty Transaction that we do not intend to operate long-term. Depending on the expected hold period, these assets are either classified as Assets Held for Sale or Contribution or Other Real Estate Investments in the Consolidated Balance Sheets. In addition, we acquired an ownership interest in eight ventures that own industrial and office properties. The aggregate equity consideration is calculated below (in millions, except price per share): Number of Prologis shares and units issued upon conversion of Liberty shares and units at February 4, 2020 109.01 Multiplied by closing price of Prologis' common stock on February 3, 2020 $ 91.87 Fair value of Prologis shares and units issued $ 10,015 We accounted for the Liberty Transaction as an asset acquisition and as a result, the transaction costs of $115.8 million were capitalized to the basis of the acquired properties. Transaction costs included investment banker advisory fees, legal fees and other costs Under acquisition accounting, the total purchase price was allocated as follows to the Liberty real estate properties and related lease intangibles on a relative fair value basis and all other assets and liabilities assumed at fair value (in millions): Net investments in real estate $ 12,606 Intangible assets, net of intangible liabilities (1) 515 Cash and other assets 240 Debt (2,845 ) Accounts payable, accrued expenses and other liabilities (384 ) Noncontrolling interests (1 ) Total purchase price, including transaction costs $ 10,131 (1) Intangible assets of $663.3 million and intangible liabilities of $148.2 million were included within Other Assets and Other Liabilities , respectively, on the Consolidated Balance Sheets. The acquired lease intangibles from the Liberty Transaction were amortized over the terms of the respective leases with a weighted average remaining lease term of 66 months

Real Estate

Real Estate	6 Months Ended
	Jun. 30, 2020
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 Jun 30, Dec 31, Jun 30, Dec 31, Jun 30, Dec 31, 2020 (1) 2019 2020 (1) 2019 2020 (1) 2019 Operating properties: Buildings and improvements 434,868 354,297 2,248 1,876 $ 30,581,443 $ 23,067,625 Improved land 11,603,537 8,220,208 Development portfolio, including land costs: Prestabilized 7,494 9,133 24 28 575,712 784,584 Properties under development 23,280 26,893 61 77 1,485,109 1,084,683 Land (2) 1,692,512 1,101,646 Other real estate investments (3) 2,640,499 965,668 Total investments in real estate properties 48,578,812 35,224,414 Less accumulated depreciation 5,931,378 5,437,662 Net investments in real estate properties $ 42,647,434 $ 29,786,752 ( 1 ) Includes the acquired real estate properties from the Liberty Transaction at June 30, 2020. See Note 2 for more information. (2) At June 30, 2020 and December 31, 2019, our land is comprised of 6,006 and 4,411 acres, respectively. ( 3 ) Included in other real estate investments were: (i) non-strategic real estate assets, including industrial and office, acquired in the Liberty Transaction t hat we do not intend to operate long-term Acquisitions The following table summarizes our real estate acquisition activity, excluding the Liberty Transaction as discussed in Note 2 (dollars and square feet in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 (1) 2019 Number of operating properties 1 1 138 13 Square feet 20 36 20,276 1,003 Acres of land 188 277 455 465 Acquisition cost of net investments in real estate $ 147,893 $ 204,935 $ 2,541,660 $ 517,187 (1) On January 8, 2020, our two U.S. co-investment ventures, Prologis Targeted U.S. Logistics Fund, L.P. (“USLF”) and Prologis U.S. Logistics Venture (“USLV”), acquired the wholly-owned real estate assets of Industrial Property Trust Inc. (“IPT”) for $2.0 billion each in a cash transaction, including transaction costs and the assumption and repayment of debt (the “IPT Transaction”). As USLV is a consolidated co-investment venture, the number of operating properties, square feet and acquisition cost are included in the consolidated acquisition activity. For further discussion on the acquisition by USLF, see Note 4, and by USLV, see Notes 6 and 8. Dispositions The following table summarizes our dispositions of net investments in real estate (dollars and square feet in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Dispositions of development properties and land, net Contributions to unconsolidated entities Number of properties 9 5 18 10 Square feet 3,990 3,723 7,514 4,935 Net proceeds $ 340,266 $ 679,064 $ 894,609 $ 803,386 Gains on contributions, net $ 86,416 $ 196,941 $ 231,161 $ 227,774 Dispositions to third parties Number of properties - - 2 2 Square feet - - 1,112 670 Net proceeds $ - $ - $ 79,220 $ 52,024 Gains on dispositions, net $ - $ - $ 18,005 $ 11,608 Total gains on dispositions of development properties and land, net $ 86,416 $ 196,941 $ 249,166 $ 239,382 Other dispositions of investments in real estate, net Contributions to unconsolidated entities (1) Number of properties - 3 - 17 Square feet - 450 - 7,387 Net proceeds $ - $ 65,996 $ - $ 685,839 Gains on contributions, net $ - $ 27,254 $ - $ 37,999 Dispositions to third parties Number of properties 5 - 23 - Square feet 1,772 - 4,077 - Net proceeds $ 193,755 $ - $ 354,312 $ - Gains on dispositions, net $ 43,939 $ - $ 75,430 $ - Gains on partial redemption of investment in an unconsolidated co-investment venture (2) $ - $ - $ - $ 135,022 Total gains on other dispositions of investments in real estate, net $ 43,939 $ 27,254 $ 75,430 $ 173,021 ( 1 ) In January 2019, we formed Prologis Brazil Logistics Venture (“PBLV”), a Brazilian unconsolidated co-investment venture, with one partner. We contributed an initial portfolio of real estate properties to PBLV consisting of 14 operating properties totaling 6.9 million square feet and 371 acres of land. We received cash proceeds and units for our 20.0% equity interest. ( 2 ) In February 2019, we redeemed a portion of our investment in a European unconsolidated co-investment venture.

Unconsolidated Entities

Unconsolidated Entities	6 Months Ended
	Jun. 30, 2020
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 we 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 related parties and are accounted for using the equity method of accounting. See Note 8 for more detail regarding our consolidated investments that are not wholly owned. We also have investments in 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 both unconsolidated co-investment ventures and other ventures, collectively, as unconsolidated entities. The following table summarizes our investments in and advances to our unconsolidated entities (in thousands): June 30, December 31, 2020 2019 Unconsolidated co-investment ventures $ 6,211,203 $ 5,873,784 Other ventures (1) 989,803 363,587 Total $ 7,201,006 $ 6,237,371 (1) In February 2020, we completed the Liberty Transaction and acquired an equity method investment in eight ventures. Unconsolidated Co-Investment Ventures The following table summarizes the Strategic Capital Revenues Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Recurring fees $ 76,173 $ 65,537 $ 150,860 $ 127,654 Transactional fees 12,092 15,830 32,052 27,178 Promote revenue (1) 227,830 7,283 228,421 7,283 Total strategic capital revenues from unconsolidated co-investment ventures (2) $ 316,095 $ 88,650 $ 411,333 $ 162,115 (1) Includes promote revenue earned from our unconsolidated co-investment venture in the U.S. in June 2020. (2) These amounts exclude strategic capital revenues from other ventures. The following table summarizes the key property information, financial position and operating information of our unconsolidated co-investment ventures (not our proportionate share) and the amounts we recognized in the Consolidated Financial Statements related to these ventures (dollars and square feet in millions): U.S. Other Americas Europe Asia Total As of: Jun 30, 2020 (1) Dec 31, 2019 Jun 30, 2020 (2) Dec 31, 2019 Jun 30, 2020 Dec 31, 2019 Jun 30, 2020 Dec 31, 2019 Jun 30, 2020 Dec 31, 2019 Key property information: Ventures 1 1 2 2 3 3 3 3 9 9 Operating properties 689 605 225 214 745 731 158 144 1,817 1,694 Square feet 113 99 49 44 178 176 65 59 405 378 Financial position: Total assets ($) 10,276 8,408 2,938 2,707 14,872 14,677 9,420 8,758 37,506 34,550 Third-party debt ($) 2,923 2,130 841 769 3,443 3,213 3,617 3,296 10,824 9,408 Total liabilities ($) 3,857 2,514 877 801 4,787 4,575 4,080 3,751 13,601 11,641 Our investment balance ($) (3) 1,932 1,728 795 658 2,728 2,800 756 688 6,211 5,874 Our weighted average ownership (4) 24.9 % 27.3 % 41.2 % 39.1 % 29.9 % 30.2 % 15.2 % 15.1 % 25.9 % 27.1 % U.S. Other Americas Europe Asia Total Operating Information: Jun 30, 2020 (1) Jun 30, 2019 Jun 30, 2020 (2) Jun 30, 2019 Jun 30, 2020 Jun 30, 2019 Jun 30, 2020 Jun 30, 2019 Jun 30, 2020 Jun 30, 2019 For the three months ended: Total revenues ($) 232 180 66 67 281 268 143 124 722 639 Net earnings ($) 40 23 23 21 72 84 32 25 167 153 Our earnings from unconsolidated co-investment ventures, net ($) 10 7 9 8 23 27 5 4 47 46 For the six months ended: Total revenues ($) 465 359 134 134 571 539 281 244 1,451 1,276 Net earnings ($) 74 52 46 55 150 155 58 62 328 324 Our earnings from unconsolidated co-investment ventures, net ($) 19 16 18 21 48 52 9 10 94 99 (1) In January 2020, USLF acquired a portfolio of 108 operating properties, aggregating 18.3 million square feet, in the IPT Transaction for cash consideration of $2.0 billion, including transaction costs and the assumption and repayment of debt. ( 2 ) PBLV and our other Brazilian joint ventures are combined as one venture for the purpose of this table . (3) Prologis’ investment balance is presented at our adjusted basis derived from the ventures’ U.S. GAAP information. The difference between our ownership interest of a venture’s equity and our investment balance at June 30, 2020 and December 31, 2019, results principally from four types of transactions: (i) deferred gains from the contribution of property to a venture prior to January 1, 2018; (ii) recording additional costs associated with our investment in the venture; (iii) receivables, principally for fees and promotes ($339.6 million and $152.0 million, respectively); and (iv) customer security deposits retained subsequent to property contributions to Nippon Prologis REIT, Inc. ( 4 ) Represents our weighted average ownership interest in all unconsolidated co-investment ventures based on each entity’s contribution of total assets before depreciation, net of other liabilities. Equity Commitments Related to Certain Unconsolidated Co-Investment Ventures At June 30, 2020, our remaining equity commitments were $357.4 million, primarily for Prologis China Logistics Venture. Our equity commitments expire from 2021 to 2028.

Assets Held for Sale or Contrib

Assets Held for Sale or Contribution	6 Months Ended
	Jun. 30, 2020
Real Estate Assets Held For Development And Sale [Abstract]
Assets Held for Sale or Contribution	NOTE 5. ASSETS HELD FOR SALE OR CONTRIBUTION We have investments in certain real estate properties that met the criteria to be classified as held for sale or contribution at June 30, 2020 and December 31, 2019. At the time of classification, these properties were expected to be sold to third parties or were recently stabilized and expected to be contributed to unconsolidated co-investment ventures within twelve months. The amounts included in Assets Held for Sale or Contribution Assets held for sale or contribution, including certain properties acquired through the Liberty Transaction and the IPT Transaction, consisted of the following (dollars and square feet in thousands): June 30, December 31, 2020 2019 Number of operating properties 154 28 Square feet 24,300 9,371 Total assets held for sale or contribution $ 1,948,508 $ 720,685 Total liabilities associated with assets held for sale or contribution – included in Other Liabilities $ 50,490 $ 41,994

Debt

Debt	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Debt	NOTE 6. DEBT All debt is incurred by the OP or its consolidated subsidiaries. The following table summarizes our debt (dollars in thousands): June 30, 2020 December 31, 2019 Weighted Average Interest Rate (1) Amount Outstanding (2) Weighted Average Interest Rate (1) Amount Outstanding (2) Credit facilities 0.6 % $ 115,108 0.4 % $ 184,255 Senior notes (3) 2.3 % 13,205,392 2.4 % 9,660,570 Term loans and unsecured other (3) 1.0 % 1,695,026 0.9 % 1,441,882 Secured mortgage (3)(4) 3.6 % 651,346 3.4 % 619,170 Total 2.2 % $ 15,666,872 2.2 % $ 11,905,877 (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 the debt outstanding and include the impact of designated interest rate swaps, which effectively fixes the interest rate on certain variable rate debt. (2) We borrow in the functional currencies of the countries where we invest. Included in the outstanding balances were borrowings denominated in the following currencies: June 30, 2020 December 31, 2019 Amount Outstanding % of Total Amount Outstanding % of Total British pound sterling $ 1,077,460 6.9 % $ 656,549 5.5 % Canadian dollar 265,791 1.7 % 279,730 2.3 % Euro 6,080,521 38.8 % 6,128,986 51.5 % Japanese yen 2,480,815 15.8 % 2,329,381 19.6 % U.S. dollar 5,762,285 36.8 % 2,511,231 21.1 % Total $ 15,666,872 $ 11,905,877 (3) Through the Liberty Transaction, we assumed $2.5 billion of senior notes, $246.9 million of secured mortgage debt and a $100.1 million term loan with a weighted average stated interest rate of 3.8%. We subsequently paid down $1.8 billion of the assumed debt with senior notes we issued at lower rates in February 2020. See below for additional activity on debt assumed in the Liberty Transaction and the extinguishment of a significant portion of the debt subsequent to acquisition. (4) Through the IPT Transaction, USLV assumed $341.8 million of secured mortgage debt, all of which was paid down at closing. See below for the early extinguishment of debt in the IPT Transaction. Credit Facilities We have a global senior credit facility (the “Global Facility”), under which we may draw in British pounds sterling, Canadian dollars, euro, Japanese yen, Mexican pesos 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 OP. The Global Facility is scheduled to mature in January 2023; 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 have the ability to increase the Global Facility to $4.5 billion, subject to currency fluctuations and obtaining additional lender commitments. We also have a Japanese yen revolver (the “Revolver”) with availability of ¥50.0 billion ($464.0 million at June 30, 2020). We have the ability to increase the Revolver to ¥65.0 billion ($603.2 million at June 30, 2020), 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 OP. At June 30, 2020, the Revolver was scheduled to mature in February 2021; however, we may extend the maturity date for one year, subject to the satisfaction of certain conditions and payment of extension fees. In July 2020, we upsized our Revolver to increase its borrowing capacity to ¥55.0 billion. The upsized Revolver is scheduled to mature in July 2024; however, we may extend the maturity date for one year, subject to the satisfaction of certain conditions and payment of extension fees. We have the ability to increase borrowing capacity of the Revolver to ¥75.0 billion, subject to currency fluctuations and obtaining additional lender commitments. We refer to the Global Facility and the Revolver, collectively, as our “Credit Facilities.” Senior Notes The following table summarizes the issuances and redemptions of senior notes during the six months ended June 30, 2020 (principal in thousands): Aggregate Principal Initial Borrowing Date Borrowing Currency USD (1) Weighted Average Stated Interest Rate at the Issuance Date Maturity Dates February (2) € 1,350,000 $ 1,485,405 0.6% February 2022 – 2035 February (2) $ 2,200,000 $ 2,200,000 2.4% April 2027 – 2050 February £ 250,000 $ 322,490 1.9% February 2035 June (3) ¥ 41,200,000 $ 386,314 1.0% June 2027 – 2050 Aggregate Principal Redemption Date Borrowing Currency USD (1) Stated Interest Rate at the Redemption Date Maturity Dates January € 400,000 $ 445,880 0.0% January 2020 March (2) € 700,000 $ 783,090 1.4% May 2021 June (3) € 212,598 $ 238,067 3.0% January 2022 June (3) € 100,486 $ 112,524 3.4% February 2024 (1) The exchange rate used to calculate into U.S. dollars was the spot rate at the settlement date. (2) We utilized the proceeds from these issuances to redeem $1.8 billion of debt assumed in the Liberty Transaction, primarily senior notes as discussed above, and our €700.0 million ($783.1 million) (3) We utilized the proceeds from the issuance of the Japanese yen senior notes to redeem €212.6 million ($238.1 million) and €100.5 million ($112.5 million) In February 2020, we completed an exchange offer for two series of Liberty’s senior notes for an aggregate amount of $750.0 million, with $689.8 million, or 92%, of the aggregate principal amount being validly tendered for exchange. These senior notes are in the aggregate principal amounts of $400.0 million due in October 2026 with an interest rate of 3.3% and $350.0 million due in February 2029 with an interest rate of 4.4%. The senior notes were exchanged for notes issued by a wholly owned subsidiary and guaranteed by the OP. As a result of the exchange offer, we have no separate remaining financial reporting obligations or financial covenants associated with the senior notes assumed in the Liberty Transaction. All other terms of the exchanged Liberty senior notes remained substantially the same. Term Loans During the six months ended June 30, 2020, we extended the maturity of the multi-currency term loan (“2017 Term Loan”) by one year until May 2021. We may extend the maturity for one additional year, subject to the satisfaction of certain conditions and the payment of an extension fee. During the six months ended June 30, 2020 and 2019, we borrowed a net $250.0 million and paid down a net $59.0 million on the 2017 Term Loan, respectively. Liquidity The following table summarizes information about our available liquidity at June 30, 2020 (in millions): Aggregate lender commitments Credit Facilities $ 3,947 Available term loans 250 Less: Borrowings outstanding 115 Outstanding letters of credit 29 Current availability 4,053 Cash and cash equivalents 549 Total liquidity $ 4,602 Long-Term Debt Maturities Scheduled principal payments due on our debt for the remainder of 2020 and for each year through the period ended December 31, 2024, and thereafter were as follows at June 30, 2020 (in thousands): Unsecured Credit Senior Term Loans Secured Maturity Facilities Notes and Other Mortgage Total 2020 (1) $ - $ - $ 10,626 $ 4,521 $ 15,147 2021 (1)(2) 59,118 - 250,000 43,391 352,509 2022 - 713,763 - 11,857 725,620 2023 (3) 55,990 850,000 124,597 33,832 1,064,419 2024 - 671,336 - 263,176 934,512 Thereafter - 11,010,008 1,317,848 293,951 12,621,807 Subtotal 115,108 13,245,107 1,703,071 650,728 15,714,014 Unamortized net premiums - 24,831 - 2,790 27,621 Unamortized debt issuance costs - (64,546 ) (8,045 ) (2,172 ) (74,763 ) Total $ 115,108 $ 13,205,392 $ 1,695,026 $ 651,346 $ 15,666,872 (1) We expect to repay the amounts maturing in the next twelve months with cash generated from operations, proceeds from dispositions of real estate properties, or as necessary, with borrowings on our Credit Facilities. (2) Included in the 2021 maturities is the 2017 Term Loan and the Revolver that can be extended until 2022. In July 2020, we upsized our Revolver and it is now scheduled to mature in July 2024, which may be further extended until 2025. (3) Included in the 2023 maturities is the Global Facility that can be extended until 2024. Early Extinguishment of Debt During the six months ended June 30, 2020, we recognized $66.3 million of losses upon the redemption of certain euro senior notes in March and June as described above and the extinguishment of debt assumed in the Liberty Transaction and the IPT Transaction, which represented the excess of the prepayment penalties over the premium recorded upon assumption of the debt. During the six months ended June 30, 2019, losses on early extinguishment of debt were not significant. Financial Debt Covenants We have $13.2 billion of senior notes and $1.7 billion of term loans outstanding at June 30, 2020 that were subject to certain financial covenants under their related indentures. We are also subject to financial covenants under our Credit Facilities and certain secured mortgage debt. At June 30, 2020, we were in compliance with all of our financial debt covenants. Guarantee of Finance Subsidiary Debt We have finance subsidiaries as part of our operations in Europe (Prologis Euro Finance LLC), Japan (Prologis Yen Finance LLC) and the U.K. (Prologis Sterling Finance LLC) in order to mitigate our foreign currency risk by borrowing in the currencies in which we invest. These entities are 100% indirectly owned by the OP and all unsecured debt issued or to be issued by each entity is or will be fully and unconditionally guaranteed by the OP. There are no restrictions or limits on the OP’s ability to obtain funds from its subsidiaries by dividend or loan. In reliance on Rule 3-10 of Regulation S-X, the separate financial statements of Prologis Euro Finance LLC, Prologis Yen Finance LLC and Prologis Sterling Finance LLC are not provided.

Stockholders' Equity of Prologi

Stockholders' Equity of Prologis, Inc.	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Stockholders' Equity of Prologis, Inc.	NOTE 7. STOCKHOLDER’S EQUITY OF PROLOGIS, INC. Share Purchase Program In March 2020, the Board of Directors authorized a new share purchase program for the repurchase of outstanding shares of our common stock on the open market or in privately negotiated transactions for an aggregate purchase price of up to $1.0 billion. In March 2020, we repurchased and retired 0.5 million shares of common stock for an aggregate price of $34.8 million at a weighted average price of $64.66 per share on the open market. Shares Authorized In April 2020, our stockholders approved an amendment to our Articles of Incorporation that increased the number of authorized shares from 1.0 billion to 2.0 billion shares of common stock. Common Stock In May 2020, we entered into a new at-the-market program that allows us to sell up to $1.5 billion in aggregate gross sales proceeds of shares of common stock through twenty designated agents. These agents earn a fee of up to 2% of the gross sales price per share of common stock as agreed to on a transaction-by-transaction basis. We have not issued any shares of common stock under this new program.

Noncontrolling Interests

Noncontrolling Interests	6 Months Ended
	Jun. 30, 2020
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, into shares of the Parent’s common stock, generally at a rate of one share of common stock to one limited partnership unit. We also consolidate certain entities in which we do not own 100% of the equity, but the equity of these entities is not exchangeable into our common stock. Prologis, Inc. The noncontrolling interests of the Parent include the noncontrolling interests described above for the OP, as well as the limited partnership units in the OP that are not owned by the Parent. The outstanding limited partnership units receive quarterly cash distributions equal to the quarterly dividends paid on our common stock pursuant to the terms of the applicable partnership agreements. The following table summarizes our ownership percentages and noncontrolling interests and the consolidated entities’ total assets and liabilities (dollars in thousands): Our Ownership Percentage Noncontrolling Interests Total Assets Total Liabilities Jun 30, 2020 Dec 31, 2019 Jun 30, 2020 Dec 31, 2019 Jun 30, 2020 Dec 31, 2019 Jun 30, 2020 Dec 31, 2019 Prologis U.S. Logistics Venture (1) 55.0 % 55.0 % $ 3,492,089 $ 2,677,846 $ 7,890,447 $ 6,077,016 $ 138,994 $ 99,397 Other consolidated entities (2) various various 97,711 97,548 1,029,932 849,620 123,384 85,186 Prologis, L.P. 3,589,800 2,775,394 8,920,379 6,926,636 262,378 184,583 Limited partners in Prologis, L.P. (3)(4) 913,481 643,263 - - - - Prologis, Inc. $ 4,503,281 $ 3,418,657 $ 8,920,379 $ 6,926,636 $ 262,378 $ 184,583 (1) As discussed in Note 3, in January 2020, USLV acquired a portfolio of 127 operating properties, aggregating 19.0 million square feet, in the IPT Transaction for $2.0 billion, including transaction costs and the assumption and repayment of debt . Our partner contributed their share of the purchase price to fund the acquisition. ( 2) Includes our two partnerships that have issued limited partnership units to third parties, as discussed above, along with various other consolidated entities. The limited partnership units outstanding at June 30, 2020 and December 31, 2019 were exchangeable into cash or, at our option, 0.3 million shares of the Parent’s common stock. ( 3 ) We had 8.6 million Class A Units that were convertible into 8.0 million and 8.1 million limited partnership units of the OP at June 30, 2020 and December 31, 2019, respectively. ( 4 ) At June 30, 2020 and December 31, 2019, excluding the Class A Units, there were limited partnership units in the OP that were exchangeable into cash or, at our option, 8.4 million and 6.2 million shares of the Parent’s common stock, respectively.

Long-Term Compensation

Long-Term Compensation	6 Months Ended
	Jun. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Long-Term Compensation	NOTE 9. LONG-TERM COMPENSATION Equity-Based Compensation Plans and Programs 2020 Long-Term Incentive Plan In April 2020, our stockholders approved the 2020 Long-Term Incentive Plan (“2020 LTIP”), which replaced the 2012 Long-Term Incentive Plan (“2012 LTIP”). After approval of the 2020 LTIP, no further awards could be made under the 2012 LTIP and outstanding awards previously granted under the 2012 LTIP will remain outstanding in accordance with the awards’ terms. The 2020 LTIP provides for grants of awards to officers, directors, employees and consultants of the Parent or its subsidiaries. Awards can be in the form of: full value awards, stock appreciation rights, and stock options (non-qualified options and incentive stock options). Full value awards generally consist of: (i) common stock; (ii) restricted stock units (“RSUs”); (iii) OP LTIP units (“LTIP Units”) and (iv) Prologis Outperformance Plan (“POP”) OP LTIP units (“POP LTIP Units”). The equity-based compensation plans and programs under which awards can be made were not changed under the 2020 LTIP. See the discussion below regarding these programs. Awards may be made under the 2020 LTIP until it is terminated by the Board or until the ten-year anniversary of the effective date of the plan. Prologis Outperformance Plan (“POP”) We allocate participation points or a percentage of the compensation pool to participants under our POP corresponding to three-year -year compound annualized TSR for the Morgan Stanley Capital International (“MSCI”) US REIT Index for the same period plus 100 basis points. If the Outperformance Hurdle is met, a compensation pool will be formed equal to 3% of the excess value created, subject to a maximum as defined for each performance period. Generally, POP awards cannot be paid at a time when our absolute TSR is negative in accordance with the terms of POP. Therefore, if after seven years our TSR has not been positive, the awards will be forfeited. We granted participation points for the 2020 – 2022 performance period in January 2020, with a fair value of $28.8 million using a Monte Carlo valuation model that assumed a risk-free interest rate of 1.7% and an expected volatility of 16.0%. The 2020 – 2022 performance period has an absolute maximum cap of $100 million. If an award is earned at the end of the initial three-year performance period, then 20% of the POP award is paid and the remaining 80% is subject to additional seven-year three-year three-year The Outperformance Hurdle was met for the 2017 – 2019 performance period, which resulted in awards being earned at December 31, 2019. Initial awards of $75.0 million in aggregate were awarded in January 2020 in the form of 0.3 million shares of common stock and 0.5 million POP LTIP Units and LTIP Units. Participants are not able to sell or transfer equity awards received until three years after the end of the initial period. One-third of the remaining compensation pool in excess of the $75 million aggregate initial award amounts can be earned at the end of each of the three years following the end of the initial three-year three-year Other Equity-Based Compensation Plans and Programs Our other equity-based compensation plans and programs include (i) the Prologis Promote Plan (“PPP”); (ii) the annual long-term incentive (“LTI”) equity award program (“Annual LTI Award”); and (iii) the annual bonus exchange program. Awards under these plans and programs may be issued in the form of RSUs of the Parent or LTIP Units of the OP at the eligible participant’s election. RSUs and LTIP Units are valued based on the market price of the Parent’s common stock on the date the award is granted and the grant date value is charged to compensation expense over the service period. Summary of Award Activity RSUs The following table summarizes the activity for RSUs for the six months ended June 30, 2020 (units in thousands): Weighted Average Unvested RSUs Grant Date Fair Value Balance at January 1, 2020 1,165 $ 68.44 Granted 383 93.00 Vested and distributed (500 ) 62.53 Forfeited (35 ) 74.97 Balance at June 30, 2020 1,013 $ 78.55 LTIP Units The following table summarizes the activity for LTIP Units for the six months ended June 30, 2020 (units in thousands): Vested Unvested Unvested Weighted Average LTIP Units LTIP Units Grant Date Fair Value Balance at January 1, 2020 3,714 2,678 $ 60.06 Granted - 658 93.23 Vested LTIP Units 954 (954 ) 63.46 Vested POP LTIP Units (1) 303 - N/A Unvested POP LTIP Units (1) - 345 19.03 Conversion to common limited partnership units (424 ) - N/A Balance at June 30, 2020 4,547 2,727 $ 61.61 (1) Vested and unvested units were based on the POP performance criteria being met for the 2017 – 2019 performance period and represented the earned award amounts. Vested and unvested units are included in the award discussion above. These amounts also include awards earned for prior performance periods related to the compensation pool in excess of the initial award.

Earnings Per Common Share or Un

Earnings Per Common Share or Unit	6 Months Ended
	Jun. 30, 2020
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 was as follows (in thousands, except per share and unit amounts): Three Months Ended Six Months Ended June 30, June 30, Prologis, Inc. 2020 2019 2020 2019 Net earnings attributable to common stockholders – Basic $ 404,539 $ 383,784 $ 893,957 $ 730,831 Net earnings attributable to exchangeable limited partnership units (1) 11,763 11,759 25,812 22,416 Adjusted net earnings attributable to common stockholders – Diluted $ 416,302 $ 395,543 $ 919,769 $ 753,247 Weighted average common shares outstanding – Basic 737,992 630,271 718,278 629,990 Incremental weighted average effect on exchange of limited partnership units (1) 21,539 19,556 20,884 19,637 Incremental weighted average effect of equity awards 6,299 5,620 6,865 5,139 Weighted average common shares outstanding – Diluted (2) 765,830 655,447 746,027 654,766 Net earnings per share attributable to common stockholders: Basic $ 0.55 $ 0.61 $ 1.24 $ 1.16 Diluted $ 0.54 $ 0.60 $ 1.23 $ 1.15 Three Months Ended Six Months Ended June 30, June 30, Prologis, L.P. 2020 2019 2020 2019 Net earnings attributable to common unitholders $ 416,189 $ 395,470 $ 919,577 $ 753,091 Net earnings attributable to Class A Units (4,375 ) (5,077 ) (10,026 ) (9,683 ) Net earnings attributable to common unitholders – Basic 411,814 390,393 909,551 743,408 Net earnings attributable to Class A Units 4,375 5,077 10,026 9,683 Net earnings attributable to exchangeable other limited partnership units 113 73 192 156 Adjusted net earnings attributable to common unitholders – Diluted $ 416,302 $ 395,543 $ 919,769 $ 753,247 Weighted average common partnership units outstanding – Basic 751,182 641,127 730,807 640,832 Incremental weighted average effect on exchange of Class A Units 8,050 8,337 8,056 8,347 Incremental weighted average effect on exchange of other limited partnership units 299 363 299 448 Incremental weighted average effect of equity awards of Prologis, Inc. 6,299 5,620 6,865 5,139 Weighted average common units outstanding – Diluted (2) 765,830 655,447 746,027 654,766 Net earnings per unit attributable to common unitholders: Basic $ 0.55 $ 0.61 $ 1.24 $ 1.16 Diluted $ 0.54 $ 0.60 $ 1.23 $ 1.15 (1) The exchangeable limited partnership units include the units as discussed in Note 8. Earnings allocated to the exchangeable OP units not held by the Parent have been included in the numerator and exchangeable common 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) Our total weighted average potentially dilutive shares and units outstanding consisted of the following: Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Class A Units 8,050 8,337 8,056 8,347 Other limited partnership units 299 363 299 448 Equity awards 9,039 8,589 9,754 8,161 Prologis, L.P. 17,388 17,289 18,109 16,956 Common limited partnership units 13,190 10,856 12,529 10,842 Prologis, Inc. 30,578 28,145 30,638 27,798

Financial Instruments and Fair

Financial Instruments and Fair Value Measurements	6 Months Ended
	Jun. 30, 2020
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 market risks, including the effect of changes in foreign currency exchange rates and interest rates. We may enter into derivative financial instruments to offset these underlying market risks. 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 year ended December 31, 2019. The following table presents the fair value of our derivative financial instruments recognized within Other Assets Other Liabilities June 30, 2020 December 31, 2019 Asset Liability Asset Liability Undesignated derivatives Foreign currency contracts Forwards Brazilian real $ 1,853 $ - $ 181 $ 49 British pound sterling 11,277 - 731 3,823 Canadian dollar 3,367 613 523 1,855 Chinese renminbi 2 5 - 81 Euro 7,501 177 7,135 2,034 Japanese yen 7,540 - 3,889 97 Swedish krona 46 444 - 797 Designated derivatives Foreign currency contracts Net investment hedges British pound sterling 10,515 - 807 13,189 Canadian dollar 2,378 - - 1,926 Interest rate swaps Cash flow hedges Euro 20 - - - U.S. dollar - 321 - - Total fair value of derivatives $ 44,499 $ 1,560 $ 13,266 $ 23,851 Undesignated Derivative Financial Instruments Foreign Currency Contracts The following table summarizes the activity of our undesignated foreign currency contracts for the six months ended June 30 (in millions, except for weighted average forward rates and number of active contracts): 2020 2019 CAD EUR GBP JPY SEK Other Total BRL CAD EUR GBP JPY MXN Total Notional amounts at January 1 ($) 120 581 178 182 31 15 1,107 5 55 314 118 177 - 669 New contracts ($) 16 809 294 60 9 19 1,207 489 144 86 625 37 5 1,386 Matured, expired or settled contracts ($) (22 ) (1,071 ) (285 ) (50 ) (6 ) (27 ) (1,461 ) (494 ) (116 ) (62 ) (510 ) (37 ) (5 ) (1,224 ) Notional amounts at June 30 ($) 114 319 187 192 34 7 853 - 83 338 233 177 - 831 Weighted average forward rate at June 30 1.33 1.16 1.31 102.86 9.40 - 1.31 1.20 1.28 104.13 - Active contracts at June 30 42 48 54 45 30 - 30 34 30 34 - The following table summarizes the undesignated derivative financial instruments exercised and associated realized and unrealized gains (losses) in Foreign Currency and Derivative Gains (Losses), Net Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Exercised contracts 40 25 73 48 Realized gains on the matured, expired or settled contracts $ 6 $ 6 $ 10 $ 7 Unrealized gains (losses) on the change in fair value of outstanding contracts $ (13 ) $ (3 ) $ 34 $ 4 Designated Derivative Financial Instruments Foreign Currency Contracts The following table summarizes the activity of our foreign currency contracts designated as net investment hedges for the six months ended June 30 2020 2019 CAD GBP Total BRL CAD GBP Total Notional amounts at January 1 ($) 97 387 484 460 100 127 687 New contracts ($) - 324 324 489 48 391 928 Matured, expired or settled contracts ($) - (576 ) (576 ) (949 ) (50 ) (127 ) (1,126 ) Notional amounts at June 30 ($) 97 135 232 - 98 391 489 Weighted average forward rate at June 30 1.32 1.35 - 1.30 1.30 Active contracts at June 30 2 1 - 2 6 Interest Rate Swaps The following table summarizes the activity of our interest rate swaps designated as cash flow hedges for the six months ended June 30 (in millions): 2020 2019 EUR USD EUR Notional amounts at January 1 ($) - - 500 New contracts ($) (1)(2)(3) 165 1,000 - Matured, expired or settled contracts ($) (2) - (750 ) - Notional amounts at June 30 ($) 165 250 500 (1) During the first quarter of 2020, we entered into one interest rate swap contract with an aggregate notional amount of €150.0 million ($165.0 million) to effectively fix the interest rate on our euro senior notes bearing a floating rate of Euribor plus 0.3% issued in February 2020. (2) During the first quarter of 2020, we entered into four treasury lock contracts with an aggregate notional amount of $750.0 million to effectively fix the interest rate on the forecasted issuance of U.S. dollar senior notes, which were then issued in February 2020. Subsequent to issuance, we recorded a loss of $16.8 million associated with these derivatives that will be amortized out of Accumulated Other Comprehensive Income/Loss Interest Expense (3) During the second quarter of 2020, we entered into two interest rate swap contracts with an aggregate notional amount of $250.0 million to effectively fix the interest rate on the outstanding balance of our 2017 Term Loan bearing a floating rate of 1-month USD LIBOR plus 0.9%. Designated Nonderivative Financial Instruments The following table summarizes our debt and accrued interest, designated as a hedge of our net investment in international subsidiaries (in millions): June 30, 2020 December 31, 2019 British pound sterling $ 939 $ 329 Euro $ - $ 850 The following table summarizes the recognized unrealized gains (losses) in Foreign Currency and Derivative Gains (Losses), Net Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Unrealized gains (losses) on the unhedged portion $ (56 ) $ 1 $ 26 $ 1 Other Comprehensive Income (Loss) The change in Other Comprehensive Income (Loss) Other Comprehensive Income (Loss). The following table presents these changes in Other Comprehensive Income (Loss) Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Derivative net investment hedges $ (2,835 ) $ 8,464 $ 22,524 $ (10,988 ) Debt designated as nonderivative net investment hedges 16,259 (31,033 ) 49,009 32,624 Cumulative translation adjustment (14,477 ) (25,093 ) (206,119 ) (9,218 ) Total foreign currency translation gains (losses), net $ (1,053 ) $ (47,662 ) $ (134,586 ) $ 12,418 Cash flow hedges (1)(2) $ 1,087 $ 1,153 $ (14,438 ) $ 2,258 Our share of derivatives from unconsolidated co-investment ventures 286 (4,878 ) (7,637 ) (8,616 ) Total unrealized gains (losses) on derivative contracts, net $ 1,373 $ (3,725 ) $ (22,075 ) $ (6,358 ) Total change in other comprehensive income (loss) $ 320 $ (51,387 ) $ (156,661 ) $ 6,060 (1) We estimate an additional expense of $5.4 million will be reclassified to Interest Expense (2) Included in the six months ended June 30, 2020 was $16.8 million in losses associated with the termination of the four treasury lock contracts. Fair Value Measurements There have been no significant changes in our policy from what was disclosed in our Annual Report on Form 10-K for the year ended December 31, 2019. Fair Value Measurements on a Recurring Basis At June 30, 2020 and December 31, 2019, other than the derivatives discussed previously, we did not have any significant financial assets or financial liabilities that were measured at fair value on a recurring basis in the Consolidated Financial Statements. All of our derivatives held at June 30, 2020 and December 31, 2019, were classified as Level 2 of the fair value hierarchy. Fair Value Measurements on Nonrecurring Basis Acquired properties and assets we expect to sell or contribute are significant nonfinancial assets that met the criteria to be measured at fair value on a nonrecurring basis. At June 30, 2020 and December 31, 2019, we estimated the fair value of our properties using Level 2 or Level 3 inputs from the fair value hierarchy. See more information on our acquired properties in Notes 2 and 3 and assets held for sale or contribution in Note 5. Fair Value of Financial Instruments At June 30, 2020 and December 31, 2019, the carrying amounts of certain financial instruments, including cash and cash equivalents, accounts and notes receivable, accounts payable and accrued expenses were representative of their fair values. The differences in the fair value of our debt from the carrying value in the table below were the result of differences in interest rates or borrowing spreads that were available to us at June 30, 2020 and December 31, 2019, as compared with those in effect when the debt was issued or assumed, including low borrowing spreads due to our credit ratings. The senior notes and many of the issuances of secured mortgage debt contain prepayment penalties or yield maintenance provisions that could make the cost of refinancing the debt at lower rates exceed the benefit that would be derived from doing so. The following table reflects the carrying amounts and estimated fair values of our debt (in thousands): June 30, 2020 December 31, 2019 Carrying Value Fair Value Carrying Value Fair Value Credit Facilities $ 115,108 $ 114,633 $ 184,255 $ 184,255 Senior notes 13,205,392 14,025,805 9,660,570 10,228,715 Term loans and unsecured other 1,695,026 1,714,984 1,441,882 1,463,841 Secured mortgage 651,346 690,787 619,170 651,047 Total $ 15,666,872 $ 16,546,209 $ 11,905,877 $ 12,527,858 The fair value of the senior notes increased during the six months ended June 30, 2020 due to the decrease in bond yields in the market as compared to the higher weighted average interest rates on our senior notes.

Business Segments

Business Segments	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Business Segments	NOTE 12. BUSINESS SEGMENTS Our current business strategy includes 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 operating properties and is the largest component of our revenue and earnings. We collect rent from our customers through operating leases, including reimbursements for the majority of our property operating costs. Each operating property is considered to be an individual operating segment with similar economic characteristics; these properties are combined within the reportable business 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 utilize the following: (i) our land bank; (ii) the development expertise of our local teams; and (iii) our customer relationships. Land we own and lease to customers under ground leases, along with land and buildings we lease, is also included in this segment. • Strategic Capital. This operating segment represents the management of unconsolidated co-investment ventures. We generate strategic capital revenues primarily 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, legal and disposition services. Depending on the structure of the venture and the returns provided to our partners, we also earn revenues through promotes periodically 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 business 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 The following reconciliations are presented in thousands: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Revenues: Real estate operations segment: U.S. $ 896,879 $ 649,433 $ 1,726,262 $ 1,301,302 Other Americas 19,736 23,847 45,815 47,712 Europe 17,988 12,263 33,490 20,820 Asia 10,863 15,685 21,549 29,641 Total real estate operations segment 945,466 701,228 1,827,116 1,399,475 Strategic capital segment: U.S. 256,517 20,536 290,859 40,804 Other Americas 9,596 13,624 18,707 21,524 Europe 31,532 33,539 64,122 62,377 Asia 23,013 21,445 43,561 38,244 Total strategic capital segment 320,658 89,144 417,249 162,949 Total revenues 1,266,124 790,372 2,244,365 1,562,424 Segment net operating income: Real estate operations segment: U.S. (1) 675,126 481,631 1,277,730 952,707 Other Americas 13,817 15,865 33,273 34,918 Europe 8,655 6,888 18,810 12,432 Asia 7,780 12,191 15,023 22,863 Total real estate operations segment 705,378 516,575 1,344,836 1,022,920 Strategic capital segment: U.S. (1) 203,582 7,794 217,206 11,121 Other Americas 6,348 9,355 11,527 14,777 Europe 19,114 23,223 39,708 42,374 Asia 10,069 11,566 20,689 19,413 Total strategic capital segment 239,113 51,938 289,130 87,685 Total segment net operating income 944,491 568,513 1,633,966 1,110,605 Reconciling items: General and administrative expenses (64,664 ) (66,276 ) (134,353 ) (135,977 ) Depreciation and amortization expenses (398,195 ) (284,376 ) (744,165 ) (568,385 ) Gains on dispositions of development properties and land, net 86,416 196,941 249,166 239,382 Gains on other dispositions of investments in real estate, net 43,939 27,254 75,430 173,021 Operating income 611,987 442,056 1,080,044 818,646 Earnings from unconsolidated entities, net 54,142 48,556 142,872 105,222 Interest expense (81,298 ) (59,122 ) (156,940 ) (119,629 ) Interest and other income, net 1,027 4,312 1,397 12,222 Foreign currency and derivative gains (losses), net (60,836 ) 2,041 52,493 10,775 Losses on early extinguishment of debt, net (23,573 ) (385 ) (66,340 ) (2,501 ) Earnings before income taxes $ 501,449 $ 437,458 $ 1,053,526 $ 824,735 June 30, 2020 December 31, 2019 Segment assets: Real estate operations segment: U.S. $ 41,623,003 $ 27,999,868 Other Americas 1,061,404 1,332,237 Europe 1,518,215 1,379,579 Asia 901,407 879,072 Total real estate operations segment 45,104,029 31,590,756 Strategic capital segment: (2) U.S. 13,893 14,529 Europe 25,280 25,280 Asia 350 359 Total strategic capital segment 39,523 40,168 Total segment assets 45,143,552 31,630,924 Reconciling items: Investments in and advances to unconsolidated entities 7,201,006 6,237,371 Assets held for sale or contribution 1,948,508 720,685 Lease right-of-use assets 110,124 111,439 Cash and cash equivalents 549,129 1,088,855 Other assets 269,538 242,576 Total reconciling items 10,078,305 8,400,926 Total assets $ 55,221,857 $ 40,031,850 (1) This includes compensation, personnel costs and PPP awards for employees who were located in the U.S. but also support other geographies. (2) Represents management contracts and goodwill recorded in connection with business combinations associated with the Strategic Capital segment. Goodwill was $25.3 million at June 30, 2020 and December 31, 2019.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	6 Months Ended
	Jun. 30, 2020
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	NOTE 13. SUPPLEMENTAL CASH FLOW INFORMATION Our significant noncash investing and financing activities for the six months ended June 30, 2020 and 2019 included the following: • We completed the Liberty Transaction on February 4, 2020 for $13.0 billion through the issuance of equity and the assumption of debt. See Note 2 for more information on this transaction. • W e recognized Lease Right-of-Use Assets and Lease Liabilities on the Consolidated Balance Sheets, including any new leases, renewals, modifications and terminations after January 1, 2020 of $2.9 million each, and $411.4 million and $417.3 million, respectively, after January 1, 2019, related to leases in which we are the lessee. Amounts in 2019 are primarily due to our adoption of the new lease standard on January 1, 2019. • We capitalized $13.2 million and $12.1 million in 2020 and 2019, respectively, of equity-based compensation expense. • We received $57.1 million and $235.5 million in 2020 and 2019, respectively, of ownership interests in certain unconsolidated co-investment ventures as a portion of our proceeds from the contribution of properties to these entities, as disclosed in Note 4. Included in 2019 was our initial 20.0% investment in PBLV in exchange for our contribution of the initial portfolio of properties to PBLV upon formation. • We issued 0.1 million and 0.5 million shares in 2020 and 2019, respectively, of the Parent’s common stock upon redemption of an equal number of common limited partnership units in the OP. We paid $168.1 million and $153.2 million for interest, net of amounts capitalized, for the six months ended June 30, 2020 and 2019, respectively. We paid $45.0 million and $39.9 million for income taxes, net of refunds, for the six months ended June 30, 2020 and 2019, respectively.

General (Policies)

General (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Business	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” or “OP”). Through the OP, we are engaged in the ownership, acquisition, development and management of logistics facilities with a focus on key markets in 19 countries on four continents. We invest in real estate through wholly owned subsidiaries and other entities through which we co-invest with partners and investors. We maintain a significant level of ownership in these co-investment ventures, which may be consolidated or unconsolidated based on our level of control of the entity. 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 logistics properties. Our Strategic Capital segment represents the management of unconsolidated co-investment ventures and other ventures. 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 OP. The terms “the Company,” “Prologis,” “we,” “our” or “us” means the Parent and OP collectively For each share of preferred or common stock the Parent issues, the OP issues a corresponding preferred or common partnership unit, as applicable, to the Parent in exchange for the contribution of the proceeds from the stock issuance. At June 30, 2020, the Parent owned a 97.24% common general partnership interest in the OP and 100% of the preferred units in the OP. The remaining 2.76% common limited partnership interests, which include 8.6 million Class A common limited partnership units (“Class A Units”) in the OP, are owned by unaffiliated investors and certain current and former directors and officers of the Parent. Each partner’s percentage interest in the OP is determined based on the number of OP units held, including the number of OP units into which Class A Units are convertible, compared to total OP 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 OP 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 OP, the Parent has complete responsibility and discretion in the day-to-day management and control of the OP and we operate the Parent and the OP as one enterprise. The management of the Parent consists of the same members as the management of the OP. These members are officers of the Parent and employees of the OP or one of its subsidiaries. As general partner with control of the OP, the Parent is the primary beneficiary and therefore consolidates the OP. Because the Parent’s only significant asset is its investment in the OP, the assets and liabilities of the Parent and the OP are the same on their respective financial statements.
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 note 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 OP 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 year ended December 31, 2019, as filed with the SEC, and other public information.
Reclassification	Reclassifications. Certain amounts included in the Consolidated Financial Statements for 2019 have been reclassified to conform to the 2020 financial statement presentation
New Accounting Pronouncements	New Accounting Pronouncements. Accounting for Lease Concessions Related to the Effects of the Coronavirus (“COVID-19”) Pandemic . In April 2020, the Financial Accounting Standards Board (“FASB”) issued a Staff Question-and-Answer (“Q&A”) to clarify whether lease concessions related to the effects of COVID-19 require the application of the lease modification guidance under the new lease standard, which we adopted on January 1, 2019. For rent deferrals granted during the six months ended June 30, 2020, we are allowing customers to defer rental payments until later in 2020, in exchange for a note receivable, and we are continuing to recognize rental revenue during the period. In accordance with the Q&A, we are electing to not apply the lease modification guidance to concessions that result in deferred rent as the total cash flows required by the modified lease agreements are materially the same as the cash flows required under the original lease and there are no substantive changes to the consideration. As of July 21, 2020, we have granted deferral requests of $16.9 million. Although COVID-19 continues to have a minimal impact on our rent collections, we may see an increase in bad debt during the remainder of the year. If we grant concessions to a customer that modif y the terms and significantly change the underlying cash flows of the original lease for the remaining term, we will account for these changes as a lease modification in accordance with U.S. GAAP . Reference Rate Reform . In March 2020, the FASB issued an Accounting Standard Update (“ASU”) that provided practical expedients to address existing guidance on contract modifications and hedge accounting due to the expected market transition from the London Inter-bank Offered Rate (“LIBOR”) and other interbank offered rates (together “IBORs”) to alternative reference rates, such as the Secured Overnight Financing Rate. In July 2017, the Financial Conduct Authority announced it intended to stop compelling banks to submit rates for the calculation of LIBOR after 2021. We refer to this transition as “reference rate reform.” The first practical expedient allows companies to elect to not apply certain modification accounting requirements to debt, derivative and lease contracts affected by reference rate reform if certain criteria are met. These criteria include the following: (i) the contract referenced an IBOR rate that is expected to be discontinued; (ii) the modified terms directly replace or have the potential to replace the IBOR rate that is expected to be discontinued; and (iii) any contemporaneous changes to other terms that change or have the potential to change the amount and timing of contractual cash flows must be related to the replacement of the IBOR rate. If the contract meets all three criteria, there is no requirement for remeasurement of the contract at the modification date or reassessment of the previous accounting determination. The second practical expedient allows companies to change the reference rate and other critical terms related to the reference rate reform in derivative hedge documentation without having to dedesignate the hedging relationship. This allows for companies to continue applying hedge accounting to existing cash flow and net investment hedges. The ASU was effective upon issuance on a prospective basis beginning January 1, 2020 and may be elected over time as reference rate reform activities occur. We have not modified any contracts to date however, we will evaluate any debt, derivative and lease contracts that are modified in the future to ensure they are eligible for modification relief and apply the practical expedients as needed.

Liberty Transaction (Tables)

Liberty Transaction (Tables) - Liberty Transaction [Member]	6 Months Ended
	Jun. 30, 2020
Schedule of Aggregate Equity Consideration	The aggregate equity consideration is calculated below (in millions, except price per share): Number of Prologis shares and units issued upon conversion of Liberty shares and units at February 4, 2020 109.01 Multiplied by closing price of Prologis' common stock on February 3, 2020 $ 91.87 Fair value of Prologis shares and units issued $ 10,015
Schedule of Purchase Price Allocated to Liberty Real Estate Properties and Related Lease Intangibles	Under acquisition accounting, the total purchase price was allocated as follows to the Liberty real estate properties and related lease intangibles on a relative fair value basis and all other assets and liabilities assumed at fair value (in millions): Net investments in real estate $ 12,606 Intangible assets, net of intangible liabilities (1) 515 Cash and other assets 240 Debt (2,845 ) Accounts payable, accrued expenses and other liabilities (384 ) Noncontrolling interests (1 ) Total purchase price, including transaction costs $ 10,131 (1) Intangible assets of $663.3 million and intangible liabilities of $148.2 million were included within Other Assets and Other Liabilities , respectively, on the Consolidated Balance Sheets. The acquired lease intangibles from the Liberty Transaction were amortized over the terms of the respective leases with a weighted average remaining lease term of 66 months

Real Estate (Tables)

Real Estate (Tables)	6 Months Ended
	Jun. 30, 2020
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 Jun 30, Dec 31, Jun 30, Dec 31, Jun 30, Dec 31, 2020 (1) 2019 2020 (1) 2019 2020 (1) 2019 Operating properties: Buildings and improvements 434,868 354,297 2,248 1,876 $ 30,581,443 $ 23,067,625 Improved land 11,603,537 8,220,208 Development portfolio, including land costs: Prestabilized 7,494 9,133 24 28 575,712 784,584 Properties under development 23,280 26,893 61 77 1,485,109 1,084,683 Land (2) 1,692,512 1,101,646 Other real estate investments (3) 2,640,499 965,668 Total investments in real estate properties 48,578,812 35,224,414 Less accumulated depreciation 5,931,378 5,437,662 Net investments in real estate properties $ 42,647,434 $ 29,786,752 ( 1 ) Includes the acquired real estate properties from the Liberty Transaction at June 30, 2020. See Note 2 for more information. (2) At June 30, 2020 and December 31, 2019, our land is comprised of 6,006 and 4,411 acres, respectively. ( 3 ) Included in other real estate investments were: (i) non-strategic real estate assets, including industrial and office, acquired in the Liberty Transaction t hat we do not intend to operate long-term
Summary of Properties Acquired	The following table summarizes our real estate acquisition activity, excluding the Liberty Transaction as discussed in Note 2 (dollars and square feet in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 (1) 2019 Number of operating properties 1 1 138 13 Square feet 20 36 20,276 1,003 Acres of land 188 277 455 465 Acquisition cost of net investments in real estate $ 147,893 $ 204,935 $ 2,541,660 $ 517,187 (1) On January 8, 2020, our two U.S. co-investment ventures, Prologis Targeted U.S. Logistics Fund, L.P. (“USLF”) and Prologis U.S. Logistics Venture (“USLV”), acquired the wholly-owned real estate assets of Industrial Property Trust Inc. (“IPT”) for $2.0 billion each in a cash transaction, including transaction costs and the assumption and repayment of debt (the “IPT Transaction”). As USLV is a consolidated co-investment venture, the number of operating properties, square feet and acquisition cost are included in the consolidated acquisition activity. For further discussion on the acquisition by USLF, see Note 4, and by USLV, see Notes 6 and 8.
Summary of Dispositions of Net Investments in Real Estate	The following table summarizes our dispositions of net investments in real estate (dollars and square feet in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Dispositions of development properties and land, net Contributions to unconsolidated entities Number of properties 9 5 18 10 Square feet 3,990 3,723 7,514 4,935 Net proceeds $ 340,266 $ 679,064 $ 894,609 $ 803,386 Gains on contributions, net $ 86,416 $ 196,941 $ 231,161 $ 227,774 Dispositions to third parties Number of properties - - 2 2 Square feet - - 1,112 670 Net proceeds $ - $ - $ 79,220 $ 52,024 Gains on dispositions, net $ - $ - $ 18,005 $ 11,608 Total gains on dispositions of development properties and land, net $ 86,416 $ 196,941 $ 249,166 $ 239,382 Other dispositions of investments in real estate, net Contributions to unconsolidated entities (1) Number of properties - 3 - 17 Square feet - 450 - 7,387 Net proceeds $ - $ 65,996 $ - $ 685,839 Gains on contributions, net $ - $ 27,254 $ - $ 37,999 Dispositions to third parties Number of properties 5 - 23 - Square feet 1,772 - 4,077 - Net proceeds $ 193,755 $ - $ 354,312 $ - Gains on dispositions, net $ 43,939 $ - $ 75,430 $ - Gains on partial redemption of investment in an unconsolidated co-investment venture (2) $ - $ - $ - $ 135,022 Total gains on other dispositions of investments in real estate, net $ 43,939 $ 27,254 $ 75,430 $ 173,021 ( 1 ) In January 2019, we formed Prologis Brazil Logistics Venture (“PBLV”), a Brazilian unconsolidated co-investment venture, with one partner. We contributed an initial portfolio of real estate properties to PBLV consisting of 14 operating properties totaling 6.9 million square feet and 371 acres of land. We received cash proceeds and units for our 20.0% equity interest. ( 2 ) In February 2019, we redeemed a portion of our investment in a European unconsolidated co-investment venture.

Unconsolidated Entities (Tables

Unconsolidated Entities (Tables)	6 Months Ended
	Jun. 30, 2020
Schedule Of Equity Method Investments [Line Items]
Summary of Investments in and Advances to our Unconsolidated Entities	The following table summarizes our investments in and advances to our unconsolidated entities (in thousands): June 30, December 31, 2020 2019 Unconsolidated co-investment ventures $ 6,211,203 $ 5,873,784 Other ventures (1) 989,803 363,587 Total $ 7,201,006 $ 6,237,371 (1) In February 2020, we completed the Liberty Transaction and acquired an equity method investment in eight ventures.
Unconsolidated Co-Investment Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Summary of Investments in and Advances to our Unconsolidated Entities	The following table summarizes the key property information, financial position and operating information of our unconsolidated co-investment ventures (not our proportionate share) and the amounts we recognized in the Consolidated Financial Statements related to these ventures (dollars and square feet in millions): U.S. Other Americas Europe Asia Total As of: Jun 30, 2020 (1) Dec 31, 2019 Jun 30, 2020 (2) Dec 31, 2019 Jun 30, 2020 Dec 31, 2019 Jun 30, 2020 Dec 31, 2019 Jun 30, 2020 Dec 31, 2019 Key property information: Ventures 1 1 2 2 3 3 3 3 9 9 Operating properties 689 605 225 214 745 731 158 144 1,817 1,694 Square feet 113 99 49 44 178 176 65 59 405 378 Financial position: Total assets ($) 10,276 8,408 2,938 2,707 14,872 14,677 9,420 8,758 37,506 34,550 Third-party debt ($) 2,923 2,130 841 769 3,443 3,213 3,617 3,296 10,824 9,408 Total liabilities ($) 3,857 2,514 877 801 4,787 4,575 4,080 3,751 13,601 11,641 Our investment balance ($) (3) 1,932 1,728 795 658 2,728 2,800 756 688 6,211 5,874 Our weighted average ownership (4) 24.9 % 27.3 % 41.2 % 39.1 % 29.9 % 30.2 % 15.2 % 15.1 % 25.9 % 27.1 % U.S. Other Americas Europe Asia Total Operating Information: Jun 30, 2020 (1) Jun 30, 2019 Jun 30, 2020 (2) Jun 30, 2019 Jun 30, 2020 Jun 30, 2019 Jun 30, 2020 Jun 30, 2019 Jun 30, 2020 Jun 30, 2019 For the three months ended: Total revenues ($) 232 180 66 67 281 268 143 124 722 639 Net earnings ($) 40 23 23 21 72 84 32 25 167 153 Our earnings from unconsolidated co-investment ventures, net ($) 10 7 9 8 23 27 5 4 47 46 For the six months ended: Total revenues ($) 465 359 134 134 571 539 281 244 1,451 1,276 Net earnings ($) 74 52 46 55 150 155 58 62 328 324 Our earnings from unconsolidated co-investment ventures, net ($) 19 16 18 21 48 52 9 10 94 99 (1) In January 2020, USLF acquired a portfolio of 108 operating properties, aggregating 18.3 million square feet, in the IPT Transaction for cash consideration of $2.0 billion, including transaction costs and the assumption and repayment of debt. ( 2 ) PBLV and our other Brazilian joint ventures are combined as one venture for the purpose of this table . (3) Prologis’ investment balance is presented at our adjusted basis derived from the ventures’ U.S. GAAP information. The difference between our ownership interest of a venture’s equity and our investment balance at June 30, 2020 and December 31, 2019, results principally from four types of transactions: (i) deferred gains from the contribution of property to a venture prior to January 1, 2018; (ii) recording additional costs associated with our investment in the venture; (iii) receivables, principally for fees and promotes ($339.6 million and $152.0 million, respectively); and (iv) customer security deposits retained subsequent to property contributions to Nippon Prologis REIT, Inc. ( 4 ) Represents our weighted average ownership interest in all unconsolidated co-investment ventures based on each entity’s contribution of total assets before depreciation, net of other liabilities.
Summary of Strategic Capital Revenues Recognized in Consolidated Statements of Income Related to Co-Investment Ventures	The following table summarizes the Strategic Capital Revenues Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Recurring fees $ 76,173 $ 65,537 $ 150,860 $ 127,654 Transactional fees 12,092 15,830 32,052 27,178 Promote revenue (1) 227,830 7,283 228,421 7,283 Total strategic capital revenues from unconsolidated co-investment ventures (2) $ 316,095 $ 88,650 $ 411,333 $ 162,115 (1) Includes promote revenue earned from our unconsolidated co-investment venture in the U.S. in June 2020. (2) These amounts exclude strategic capital revenues from other ventures.

Assets Held for Sale or Contr_2

Assets Held for Sale or Contribution (Tables)	6 Months Ended
	Jun. 30, 2020
Real Estate Assets Held For Development And Sale [Abstract]
Summary of Assets Held for Sale or Contribution	Assets held for sale or contribution, including certain properties acquired through the Liberty Transaction and the IPT Transaction, consisted of the following (dollars and square feet in thousands): June 30, December 31, 2020 2019 Number of operating properties 154 28 Square feet 24,300 9,371 Total assets held for sale or contribution $ 1,948,508 $ 720,685 Total liabilities associated with assets held for sale or contribution – included in Other Liabilities $ 50,490 $ 41,994

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Debt Summary	The following table summarizes our debt (dollars in thousands): June 30, 2020 December 31, 2019 Weighted Average Interest Rate (1) Amount Outstanding (2) Weighted Average Interest Rate (1) Amount Outstanding (2) Credit facilities 0.6 % $ 115,108 0.4 % $ 184,255 Senior notes (3) 2.3 % 13,205,392 2.4 % 9,660,570 Term loans and unsecured other (3) 1.0 % 1,695,026 0.9 % 1,441,882 Secured mortgage (3)(4) 3.6 % 651,346 3.4 % 619,170 Total 2.2 % $ 15,666,872 2.2 % $ 11,905,877 (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 the debt outstanding and include the impact of designated interest rate swaps, which effectively fixes the interest rate on certain variable rate debt. (2) We borrow in the functional currencies of the countries where we invest. Included in the outstanding balances were borrowings denominated in the following currencies: June 30, 2020 December 31, 2019 Amount Outstanding % of Total Amount Outstanding % of Total British pound sterling $ 1,077,460 6.9 % $ 656,549 5.5 % Canadian dollar 265,791 1.7 % 279,730 2.3 % Euro 6,080,521 38.8 % 6,128,986 51.5 % Japanese yen 2,480,815 15.8 % 2,329,381 19.6 % U.S. dollar 5,762,285 36.8 % 2,511,231 21.1 % Total $ 15,666,872 $ 11,905,877 (3) Through the Liberty Transaction, we assumed $2.5 billion of senior notes, $246.9 million of secured mortgage debt and a $100.1 million term loan with a weighted average stated interest rate of 3.8%. We subsequently paid down $1.8 billion of the assumed debt with senior notes we issued at lower rates in February 2020. See below for additional activity on debt assumed in the Liberty Transaction and the extinguishment of a significant portion of the debt subsequent to acquisition. (4) Through the IPT Transaction, USLV assumed $341.8 million of secured mortgage debt, all of which was paid down at closing. See below for the early extinguishment of debt in the IPT Transaction.
Summary of Issuances and Redemptions of Senior Notes	The following table summarizes the issuances and redemptions of senior notes during the six months ended June 30, 2020 (principal in thousands): Aggregate Principal Initial Borrowing Date Borrowing Currency USD (1) Weighted Average Stated Interest Rate at the Issuance Date Maturity Dates February (2) € 1,350,000 $ 1,485,405 0.6% February 2022 – 2035 February (2) $ 2,200,000 $ 2,200,000 2.4% April 2027 – 2050 February £ 250,000 $ 322,490 1.9% February 2035 June (3) ¥ 41,200,000 $ 386,314 1.0% June 2027 – 2050 Aggregate Principal Redemption Date Borrowing Currency USD (1) Stated Interest Rate at the Redemption Date Maturity Dates January € 400,000 $ 445,880 0.0% January 2020 March (2) € 700,000 $ 783,090 1.4% May 2021 June (3) € 212,598 $ 238,067 3.0% January 2022 June (3) € 100,486 $ 112,524 3.4% February 2024 (1) The exchange rate used to calculate into U.S. dollars was the spot rate at the settlement date. (2) We utilized the proceeds from these issuances to redeem $1.8 billion of debt assumed in the Liberty Transaction, primarily senior notes as discussed above, and our €700.0 million ($783.1 million) (3) We utilized the proceeds from the issuance of the Japanese yen senior notes to redeem €212.6 million ($238.1 million) and €100.5 million ($112.5 million)
Schedule of Current Availability on Debt and Cash Text Block	The following table summarizes information about our available liquidity at June 30, 2020 (in millions): Aggregate lender commitments Credit Facilities $ 3,947 Available term loans 250 Less: Borrowings outstanding 115 Outstanding letters of credit 29 Current availability 4,053 Cash and cash equivalents 549 Total liquidity $ 4,602
Long-Term Debt Maturities	Scheduled principal payments due on our debt for the remainder of 2020 and for each year through the period ended December 31, 2024, and thereafter were as follows at June 30, 2020 (in thousands): Unsecured Credit Senior Term Loans Secured Maturity Facilities Notes and Other Mortgage Total 2020 (1) $ - $ - $ 10,626 $ 4,521 $ 15,147 2021 (1)(2) 59,118 - 250,000 43,391 352,509 2022 - 713,763 - 11,857 725,620 2023 (3) 55,990 850,000 124,597 33,832 1,064,419 2024 - 671,336 - 263,176 934,512 Thereafter - 11,010,008 1,317,848 293,951 12,621,807 Subtotal 115,108 13,245,107 1,703,071 650,728 15,714,014 Unamortized net premiums - 24,831 - 2,790 27,621 Unamortized debt issuance costs - (64,546 ) (8,045 ) (2,172 ) (74,763 ) Total $ 115,108 $ 13,205,392 $ 1,695,026 $ 651,346 $ 15,666,872 (1) We expect to repay the amounts maturing in the next twelve months with cash generated from operations, proceeds from dispositions of real estate properties, or as necessary, with borrowings on our Credit Facilities. (2) Included in the 2021 maturities is the 2017 Term Loan and the Revolver that can be extended until 2022. In July 2020, we upsized our Revolver and it is now scheduled to mature in July 2024, which may be further extended until 2025. (3) Included in the 2023 maturities is the Global Facility that can be extended until 2024.

Noncontrolling Interests (Table

Noncontrolling Interests (Tables)	6 Months Ended
	Jun. 30, 2020
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 (dollars in thousands): Our Ownership Percentage Noncontrolling Interests Total Assets Total Liabilities Jun 30, 2020 Dec 31, 2019 Jun 30, 2020 Dec 31, 2019 Jun 30, 2020 Dec 31, 2019 Jun 30, 2020 Dec 31, 2019 Prologis U.S. Logistics Venture (1) 55.0 % 55.0 % $ 3,492,089 $ 2,677,846 $ 7,890,447 $ 6,077,016 $ 138,994 $ 99,397 Other consolidated entities (2) various various 97,711 97,548 1,029,932 849,620 123,384 85,186 Prologis, L.P. 3,589,800 2,775,394 8,920,379 6,926,636 262,378 184,583 Limited partners in Prologis, L.P. (3)(4) 913,481 643,263 - - - - Prologis, Inc. $ 4,503,281 $ 3,418,657 $ 8,920,379 $ 6,926,636 $ 262,378 $ 184,583 (1) As discussed in Note 3, in January 2020, USLV acquired a portfolio of 127 operating properties, aggregating 19.0 million square feet, in the IPT Transaction for $2.0 billion, including transaction costs and the assumption and repayment of debt . Our partner contributed their share of the purchase price to fund the acquisition. ( 2) Includes our two partnerships that have issued limited partnership units to third parties, as discussed above, along with various other consolidated entities. The limited partnership units outstanding at June 30, 2020 and December 31, 2019 were exchangeable into cash or, at our option, 0.3 million shares of the Parent’s common stock. ( 3 ) We had 8.6 million Class A Units that were convertible into 8.0 million and 8.1 million limited partnership units of the OP at June 30, 2020 and December 31, 2019, respectively. ( 4 ) At June 30, 2020 and December 31, 2019, excluding the Class A Units, there were limited partnership units in the OP that were exchangeable into cash or, at our option, 8.4 million and 6.2 million shares of the Parent’s common stock, respectively.

Long-Term Compensation (Tables)

Long-Term Compensation (Tables)	6 Months Ended
	Jun. 30, 2020
Restricted Stock Units (RSUs) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock Options, RSU and Performance Share Awards	The following table summarizes the activity for RSUs for the six months ended June 30, 2020 (units in thousands): Weighted Average Unvested RSUs Grant Date Fair Value Balance at January 1, 2020 1,165 $ 68.44 Granted 383 93.00 Vested and distributed (500 ) 62.53 Forfeited (35 ) 74.97 Balance at June 30, 2020 1,013 $ 78.55
Long Term Incentive Plan Units [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock Options, RSU and Performance Share Awards	The following table summarizes the activity for LTIP Units for the six months ended June 30, 2020 (units in thousands): Vested Unvested Unvested Weighted Average LTIP Units LTIP Units Grant Date Fair Value Balance at January 1, 2020 3,714 2,678 $ 60.06 Granted - 658 93.23 Vested LTIP Units 954 (954 ) 63.46 Vested POP LTIP Units (1) 303 - N/A Unvested POP LTIP Units (1) - 345 19.03 Conversion to common limited partnership units (424 ) - N/A Balance at June 30, 2020 4,547 2,727 $ 61.61 (1) Vested and unvested units were based on the POP performance criteria being met for the 2017 – 2019 performance period and represented the earned award amounts. Vested and unvested units are included in the award discussion above. These amounts also include awards earned for prior performance periods related to the compensation pool in excess of the initial award.

Earnings Per Common Share or _2

Earnings Per Common Share or Unit (Tables)	6 Months Ended
	Jun. 30, 2020
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 was as follows (in thousands, except per share and unit amounts): Three Months Ended Six Months Ended June 30, June 30, Prologis, Inc. 2020 2019 2020 2019 Net earnings attributable to common stockholders – Basic $ 404,539 $ 383,784 $ 893,957 $ 730,831 Net earnings attributable to exchangeable limited partnership units (1) 11,763 11,759 25,812 22,416 Adjusted net earnings attributable to common stockholders – Diluted $ 416,302 $ 395,543 $ 919,769 $ 753,247 Weighted average common shares outstanding – Basic 737,992 630,271 718,278 629,990 Incremental weighted average effect on exchange of limited partnership units (1) 21,539 19,556 20,884 19,637 Incremental weighted average effect of equity awards 6,299 5,620 6,865 5,139 Weighted average common shares outstanding – Diluted (2) 765,830 655,447 746,027 654,766 Net earnings per share attributable to common stockholders: Basic $ 0.55 $ 0.61 $ 1.24 $ 1.16 Diluted $ 0.54 $ 0.60 $ 1.23 $ 1.15 Three Months Ended Six Months Ended June 30, June 30, Prologis, L.P. 2020 2019 2020 2019 Net earnings attributable to common unitholders $ 416,189 $ 395,470 $ 919,577 $ 753,091 Net earnings attributable to Class A Units (4,375 ) (5,077 ) (10,026 ) (9,683 ) Net earnings attributable to common unitholders – Basic 411,814 390,393 909,551 743,408 Net earnings attributable to Class A Units 4,375 5,077 10,026 9,683 Net earnings attributable to exchangeable other limited partnership units 113 73 192 156 Adjusted net earnings attributable to common unitholders – Diluted $ 416,302 $ 395,543 $ 919,769 $ 753,247 Weighted average common partnership units outstanding – Basic 751,182 641,127 730,807 640,832 Incremental weighted average effect on exchange of Class A Units 8,050 8,337 8,056 8,347 Incremental weighted average effect on exchange of other limited partnership units 299 363 299 448 Incremental weighted average effect of equity awards of Prologis, Inc. 6,299 5,620 6,865 5,139 Weighted average common units outstanding – Diluted (2) 765,830 655,447 746,027 654,766 Net earnings per unit attributable to common unitholders: Basic $ 0.55 $ 0.61 $ 1.24 $ 1.16 Diluted $ 0.54 $ 0.60 $ 1.23 $ 1.15 (1) The exchangeable limited partnership units include the units as discussed in Note 8. Earnings allocated to the exchangeable OP units not held by the Parent have been included in the numerator and exchangeable common 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) Our total weighted average potentially dilutive shares and units outstanding consisted of the following: Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Class A Units 8,050 8,337 8,056 8,347 Other limited partnership units 299 363 299 448 Equity awards 9,039 8,589 9,754 8,161 Prologis, L.P. 17,388 17,289 18,109 16,956 Common limited partnership units 13,190 10,856 12,529 10,842 Prologis, Inc. 30,578 28,145 30,638 27,798

Financial Instruments and Fai_2

Financial Instruments and Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2020
Schedule of Fair Value of Derivative Financial Instruments	The following table presents the fair value of our derivative financial instruments recognized within Other Assets Other Liabilities June 30, 2020 December 31, 2019 Asset Liability Asset Liability Undesignated derivatives Foreign currency contracts Forwards Brazilian real $ 1,853 $ - $ 181 $ 49 British pound sterling 11,277 - 731 3,823 Canadian dollar 3,367 613 523 1,855 Chinese renminbi 2 5 - 81 Euro 7,501 177 7,135 2,034 Japanese yen 7,540 - 3,889 97 Swedish krona 46 444 - 797 Designated derivatives Foreign currency contracts Net investment hedges British pound sterling 10,515 - 807 13,189 Canadian dollar 2,378 - - 1,926 Interest rate swaps Cash flow hedges Euro 20 - - - U.S. dollar - 321 - - Total fair value of derivatives $ 44,499 $ 1,560 $ 13,266 $ 23,851
Summary of Undesignated Financial Instruments Exercised and Realized and Unrealized Gains (Losses) in Foreign Currency and Derivative Gains (Losses) Net	The following table summarizes the undesignated derivative financial instruments exercised and associated realized and unrealized gains (losses) in Foreign Currency and Derivative Gains (Losses), Net Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Exercised contracts 40 25 73 48 Realized gains on the matured, expired or settled contracts $ 6 $ 6 $ 10 $ 7 Unrealized gains (losses) on the change in fair value of outstanding contracts $ (13 ) $ (3 ) $ 34 $ 4
Summary of Activity in Interest Rate Swaps	The following table summarizes the activity of our interest rate swaps designated as cash flow hedges for the six months ended June 30 (in millions): 2020 2019 EUR USD EUR Notional amounts at January 1 ($) - - 500 New contracts ($) (1)(2)(3) 165 1,000 - Matured, expired or settled contracts ($) (2) - (750 ) - Notional amounts at June 30 ($) 165 250 500 (1) During the first quarter of 2020, we entered into one interest rate swap contract with an aggregate notional amount of €150.0 million ($165.0 million) to effectively fix the interest rate on our euro senior notes bearing a floating rate of Euribor plus 0.3% issued in February 2020. (2) During the first quarter of 2020, we entered into four treasury lock contracts with an aggregate notional amount of $750.0 million to effectively fix the interest rate on the forecasted issuance of U.S. dollar senior notes, which were then issued in February 2020. Subsequent to issuance, we recorded a loss of $16.8 million associated with these derivatives that will be amortized out of Accumulated Other Comprehensive Income/Loss Interest Expense (3) During the second quarter of 2020, we entered into two interest rate swap contracts with an aggregate notional amount of $250.0 million to effectively fix the interest rate on the outstanding balance of our 2017 Term Loan bearing a floating rate of 1-month USD LIBOR plus 0.9%.
Summary of Debt and Accrued Interest, Designated as Nonderivative Financial Instrument	The following table summarizes our debt and accrued interest, designated as a hedge of our net investment in international subsidiaries (in millions): June 30, 2020 December 31, 2019 British pound sterling $ 939 $ 329 Euro $ - $ 850
Summary of Recognized Unrealized Gains (Losses) in Foreign Currency and Derivative Gains (Losses) Net on Remeasurement of Unhedged Portion of Debt and Accrued Interest	The following table summarizes the recognized unrealized gains (losses) in Foreign Currency and Derivative Gains (Losses), Net Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Unrealized gains (losses) on the unhedged portion $ (56 ) $ 1 $ 26 $ 1
Summary of Changes in Other Comprehensive Income (Loss)	The following table presents these changes in Other Comprehensive Income (Loss) Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Derivative net investment hedges $ (2,835 ) $ 8,464 $ 22,524 $ (10,988 ) Debt designated as nonderivative net investment hedges 16,259 (31,033 ) 49,009 32,624 Cumulative translation adjustment (14,477 ) (25,093 ) (206,119 ) (9,218 ) Total foreign currency translation gains (losses), net $ (1,053 ) $ (47,662 ) $ (134,586 ) $ 12,418 Cash flow hedges (1)(2) $ 1,087 $ 1,153 $ (14,438 ) $ 2,258 Our share of derivatives from unconsolidated co-investment ventures 286 (4,878 ) (7,637 ) (8,616 ) Total unrealized gains (losses) on derivative contracts, net $ 1,373 $ (3,725 ) $ (22,075 ) $ (6,358 ) Total change in other comprehensive income (loss) $ 320 $ (51,387 ) $ (156,661 ) $ 6,060 (1) We estimate an additional expense of $5.4 million will be reclassified to Interest Expense (2) Included in the six months ended June 30, 2020 was $16.8 million in losses associated with the termination of the four treasury lock contracts.
Carrying Amounts and Estimated Fair Values of Debt	The following table reflects the carrying amounts and estimated fair values of our debt (in thousands): June 30, 2020 December 31, 2019 Carrying Value Fair Value Carrying Value Fair Value Credit Facilities $ 115,108 $ 114,633 $ 184,255 $ 184,255 Senior notes 13,205,392 14,025,805 9,660,570 10,228,715 Term loans and unsecured other 1,695,026 1,714,984 1,441,882 1,463,841 Secured mortgage 651,346 690,787 619,170 651,047 Total $ 15,666,872 $ 16,546,209 $ 11,905,877 $ 12,527,858
Undesignated Derivatives [Member]
Foreign Currency Contracts Activity	The following table summarizes the activity of our undesignated foreign currency contracts for the six months ended June 30 (in millions, except for weighted average forward rates and number of active contracts): 2020 2019 CAD EUR GBP JPY SEK Other Total BRL CAD EUR GBP JPY MXN Total Notional amounts at January 1 ($) 120 581 178 182 31 15 1,107 5 55 314 118 177 - 669 New contracts ($) 16 809 294 60 9 19 1,207 489 144 86 625 37 5 1,386 Matured, expired or settled contracts ($) (22 ) (1,071 ) (285 ) (50 ) (6 ) (27 ) (1,461 ) (494 ) (116 ) (62 ) (510 ) (37 ) (5 ) (1,224 ) Notional amounts at June 30 ($) 114 319 187 192 34 7 853 - 83 338 233 177 - 831 Weighted average forward rate at June 30 1.33 1.16 1.31 102.86 9.40 - 1.31 1.20 1.28 104.13 - Active contracts at June 30 42 48 54 45 30 - 30 34 30 34 -
Designated As Hedging Instrument [Member]
Foreign Currency Contracts Activity	The following table summarizes the activity of our foreign currency contracts designated as net investment hedges for the six months ended June 30 2020 2019 CAD GBP Total BRL CAD GBP Total Notional amounts at January 1 ($) 97 387 484 460 100 127 687 New contracts ($) - 324 324 489 48 391 928 Matured, expired or settled contracts ($) - (576 ) (576 ) (949 ) (50 ) (127 ) (1,126 ) Notional amounts at June 30 ($) 97 135 232 - 98 391 489 Weighted average forward rate at June 30 1.32 1.35 - 1.30 1.30 Active contracts at June 30 2 1 - 2 6

Business Segments (Tables)

Business Segments (Tables)	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Segment Reporting, Reconciliation of Revenues, Operating Income and Assets	The following reconciliations are presented in thousands: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Revenues: Real estate operations segment: U.S. $ 896,879 $ 649,433 $ 1,726,262 $ 1,301,302 Other Americas 19,736 23,847 45,815 47,712 Europe 17,988 12,263 33,490 20,820 Asia 10,863 15,685 21,549 29,641 Total real estate operations segment 945,466 701,228 1,827,116 1,399,475 Strategic capital segment: U.S. 256,517 20,536 290,859 40,804 Other Americas 9,596 13,624 18,707 21,524 Europe 31,532 33,539 64,122 62,377 Asia 23,013 21,445 43,561 38,244 Total strategic capital segment 320,658 89,144 417,249 162,949 Total revenues 1,266,124 790,372 2,244,365 1,562,424 Segment net operating income: Real estate operations segment: U.S. (1) 675,126 481,631 1,277,730 952,707 Other Americas 13,817 15,865 33,273 34,918 Europe 8,655 6,888 18,810 12,432 Asia 7,780 12,191 15,023 22,863 Total real estate operations segment 705,378 516,575 1,344,836 1,022,920 Strategic capital segment: U.S. (1) 203,582 7,794 217,206 11,121 Other Americas 6,348 9,355 11,527 14,777 Europe 19,114 23,223 39,708 42,374 Asia 10,069 11,566 20,689 19,413 Total strategic capital segment 239,113 51,938 289,130 87,685 Total segment net operating income 944,491 568,513 1,633,966 1,110,605 Reconciling items: General and administrative expenses (64,664 ) (66,276 ) (134,353 ) (135,977 ) Depreciation and amortization expenses (398,195 ) (284,376 ) (744,165 ) (568,385 ) Gains on dispositions of development properties and land, net 86,416 196,941 249,166 239,382 Gains on other dispositions of investments in real estate, net 43,939 27,254 75,430 173,021 Operating income 611,987 442,056 1,080,044 818,646 Earnings from unconsolidated entities, net 54,142 48,556 142,872 105,222 Interest expense (81,298 ) (59,122 ) (156,940 ) (119,629 ) Interest and other income, net 1,027 4,312 1,397 12,222 Foreign currency and derivative gains (losses), net (60,836 ) 2,041 52,493 10,775 Losses on early extinguishment of debt, net (23,573 ) (385 ) (66,340 ) (2,501 ) Earnings before income taxes $ 501,449 $ 437,458 $ 1,053,526 $ 824,735 June 30, 2020 December 31, 2019 Segment assets: Real estate operations segment: U.S. $ 41,623,003 $ 27,999,868 Other Americas 1,061,404 1,332,237 Europe 1,518,215 1,379,579 Asia 901,407 879,072 Total real estate operations segment 45,104,029 31,590,756 Strategic capital segment: (2) U.S. 13,893 14,529 Europe 25,280 25,280 Asia 350 359 Total strategic capital segment 39,523 40,168 Total segment assets 45,143,552 31,630,924 Reconciling items: Investments in and advances to unconsolidated entities 7,201,006 6,237,371 Assets held for sale or contribution 1,948,508 720,685 Lease right-of-use assets 110,124 111,439 Cash and cash equivalents 549,129 1,088,855 Other assets 269,538 242,576 Total reconciling items 10,078,305 8,400,926 Total assets $ 55,221,857 $ 40,031,850 (1) This includes compensation, personnel costs and PPP awards for employees who were located in the U.S. but also support other geographies. (2) Represents management contracts and goodwill recorded in connection with business combinations associated with the Strategic Capital segment. Goodwill was $25.3 million at June 30, 2020 and December 31, 2019.

General - Additional Informatio

General - Additional Information (Detail) shares in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2020Segmentshares	Jul. 21, 2020USD ($)
General [Line Items]
Number of reportable segments | Segment	2
Subsequent Event [Member]
General [Line Items]
Rent deferrals granted | $		$ 16.9
Unaffiliated Investors and Certain Current and Former Directors and Officers [Member]
General [Line Items]
Percentage of common limited partnership interest	2.76%
General Partner | Prologis Limited Partnership [Member]
General [Line Items]
Percentage of ownership in operating partnership	97.24%
Preferred [Member] | Prologis Limited Partnership [Member]
General [Line Items]
Percentage of ownership in operating partnership	100.00%
Class A Common [Member]
General [Line Items]
Class of common limited partnership units designated as class A common units | shares	8.6

Liberty Transaction - Additiona

Liberty Transaction - Additional Information (Detail) - Liberty Transaction [Member] ft² in Millions, $ in Millions	Feb. 04, 2020USD ($)ft²PropertyVenture
Business Acquisition [Line Items]
Business acquisition, date of acquisition agreement	Feb. 4, 2020
Business acquisition consideration transferred	$ 13,000
Fair value of Prologis shares and units issued	10,015
Business acquisition, assumption of debt	$ 2,800
Business acquisition stock conversion ratio	0.675
Number of operating properties acquired | Property	519
Square feet of properties | ft²	99.6
Non-Strategic Industrial Properties [Member]
Business Acquisition [Line Items]
Square feet of properties | ft²	34
Other Ventures [Member]
Business Acquisition [Line Items]
Number of ventures that own industrial and office properties in which ownership interest is acquired | Venture	8
Transaction costs	$ 115.8

Liberty Transaction - Schedule

Liberty Transaction - Schedule of Aggregate Equity Consideration (Detail) - Liberty Transaction [Member] $ / shares in Units, shares in Thousands, $ in Millions	Feb. 04, 2020USD ($)$ / sharesshares
Business Acquisition [Line Items]
Number of Prologis shares and units issued upon conversion of Liberty shares and units at February 4, 2020 | shares	109,010
Multiplied by closing price of Prologis' common stock on February 3, 2020 | $ / shares	$ 91.87
Fair value of Prologis shares and units issued | $	$ 10,015

Liberty Transaction - Schedul_2

Liberty Transaction - Schedule of Purchase Price Allocated to Liberty Real Estate Properties and Related Lease Intangibles (Detail) - Liberty Transaction [Member] $ in Millions	Feb. 04, 2020USD ($)
Business Acquisition [Line Items]
Net investments in real estate	$ 12,606
Intangible assets, net of intangible liabilities	515	[1]
Cash and other assets	240
Debt	(2,845)
Accounts payable, accrued expenses and other liabilities	(384)
Noncontrolling interests	(1)
Total purchase price, including transaction costs	$ 10,131
[1]	Intangible assets of $663.3 million and intangible liabilities of $148.2 million were included within Other Assets and Other Liabilities , respectively, on the Consolidated Balance Sheets. The acquired lease intangibles from the Liberty Transaction were amortized over the terms of the respective leases with a weighted average remaining lease term of 66 months

Liberty Transaction - Schedul_3

Liberty Transaction - Schedule of Purchase Price Allocated to Liberty Real Estate Properties and Related Lease Intangibles (Detail) (Parenthetical) - Liberty Transaction [Member] $ in Millions	Feb. 04, 2020USD ($)
Business Acquisition [Line Items]
Operating Lease, Weighted Average Remaining Lease Term	66 months
Intangible assets	$ 663.3
Intangible liabilities	$ 148.2

Real Estate - Investments in Re

Real Estate - Investments in Real Estate Properties (Detail) ft² in Thousands, $ in Thousands	Jun. 30, 2020USD ($)ft²aBuilding	Dec. 31, 2019USD ($)ft²aBuilding
Real Estate Properties [Line Items]
Total investments in real estate properties	$ 48,578,812	$ 35,224,414
Less accumulated depreciation	5,931,378	5,437,662
Net investments in real estate properties	42,647,434	29,786,752
Improved Land [Member]
Real Estate Properties [Line Items]
Total investments in real estate properties	$ 11,603,537	$ 8,220,208
Building and Improvements [Member]
Real Estate Properties [Line Items]
Square feet of properties | ft²	434,868	354,297
Number of buildings | Building	2,248	1,876
Total investments in real estate properties	$ 30,581,443	$ 23,067,625
Development Portfolio, Including Cost of Land: Pre-stabilized [Member]
Real Estate Properties [Line Items]
Square feet of properties | ft²	7,494	9,133
Number of buildings | Building	24	28
Total investments in real estate properties	$ 575,712	$ 784,584
Properties Under Development [Member]
Real Estate Properties [Line Items]
Square feet of properties | ft²	23,280	26,893
Number of buildings | Building	61	77
Total investments in real estate properties	$ 1,485,109	$ 1,084,683
Land [Member]
Real Estate Properties [Line Items]
Square feet of properties | a	6,006	4,411
Total investments in real estate properties	$ 1,692,512	$ 1,101,646
Other Real Estate Investments [Member]
Real Estate Properties [Line Items]
Total investments in real estate properties	$ 2,640,499	$ 965,668

Real Estate - Investments in _2

Real Estate - Investments in Real Estate Properties (Parenthetical) (Detail) - a	Jun. 30, 2020	Dec. 31, 2019
Land [Member]
Real Estate Properties [Line Items]
Square feet of properties	6,006	4,411

Real Estate - Summary of Acquis

Real Estate - Summary of Acquisition (Detail) ft² in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)ft²aProperty	Jun. 30, 2019USD ($)ft²aProperty	Jun. 30, 2020USD ($)ft²aProperty	Jun. 30, 2019USD ($)ft²aProperty
Business Acquisition [Line Items]
Number of operating properties | Property	1	1	138	13
Square feet | ft²	20	36	20,276	1,003
Acquisition cost of net investments in real estate | $	$ 147,893	$ 204,935	$ 2,541,660	$ 517,187
Acquisitions of Properties from Third Parties [Member] | Land [Member]
Business Acquisition [Line Items]
Acres of land | a	188	277	455	465

Real Estate - Summary of Acqu_2

Real Estate - Summary of Acquisition (Parenthetical) (Detail) - USD ($) $ in Thousands	Jan. 08, 2020	Jun. 30, 2020	Jun. 30, 2019
Business Acquisition [Line Items]
Real estate acquisitions		$ 560,418	$ 468,796
Industrial Property Trust, Inc. [Member] | Prologis Targeted U.S. Logistics Fund, L.P. ("USLF") and Prologis U.S. Logistics Venture ("USLV") [Member]
Business Acquisition [Line Items]
Real estate acquisitions	$ 2,000,000

Real Estate - Summary of Dispos

Real Estate - Summary of Dispositions of Net Investments in Real Estate (Detail) ft² in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)ft²Property	Jun. 30, 2019USD ($)ft²Property	Jun. 30, 2020USD ($)ft²Property	Jun. 30, 2019USD ($)ft²Property
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total gains on other dispositions of investments in real estate, net	$ 43,939	$ 27,254	$ 75,430	$ 173,021
Discontinuing Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total gains on dispositions of development properties and land, net	$ 86,416	$ 196,941	$ 249,166	$ 239,382
Discontinuing 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	9	5	18	10
Square feet | ft²	3,990	3,723	7,514	4,935
Net proceeds	$ 340,266	$ 679,064	$ 894,609	$ 803,386
Gains on contributions, dispositions, or redemptions, net	$ 86,416	$ 196,941	$ 231,161	$ 227,774
Discontinuing 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			2	2
Square feet | ft²			1,112	670
Net proceeds			$ 79,220	$ 52,024
Gains on contributions, dispositions, or redemptions, net			$ 18,005	$ 11,608
Continuing Operations | 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		3		17
Square feet | ft²		450		7,387
Net proceeds		$ 65,996		$ 685,839
Gains on contributions, dispositions, or redemptions, net		$ 27,254		37,999
Continuing Operations | Dispositions to Third Parties [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of buildings | Property	5		23
Square feet | ft²	1,772		4,077
Net proceeds	$ 193,755		$ 354,312
Gains on contributions, dispositions, or redemptions, net	$ 43,939		$ 75,430
Continuing Operations | Partial redemptions of investments in co-investment ventures [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gains on contributions, dispositions, or redemptions, net				$ 135,022

Real Estate - Summary of Disp_2

Real Estate - Summary of Dispositions of Net Investments in Real Estate (Parenthetical) (Detail) - Unconsolidated Co-Investment Ventures [Member] ft² in Millions	1 Months Ended
	Jan. 31, 2019ft²aProperty	Jun. 30, 2020Property	Dec. 31, 2019Property
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of operating properties contributed		1,817	1,694
Prologis Brazil Logistics Venture [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of operating properties contributed	14
Square feet | ft²	6.9
Ownership percentage in property fund	20.00%	20.00%
Prologis Brazil Logistics Venture [Member] | Land [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square feet | a	371

Unconsolidated Entities - Summa

Unconsolidated Entities - Summary of Investments in and Advances to our Unconsolidated Entities (Detail) - USD ($) $ in Thousands		Jun. 30, 2020	Dec. 31, 2019
Schedule Of Equity Method Investments [Line Items]
Investments in and advances to unconsolidated entities		$ 7,201,006	$ 6,237,371
Unconsolidated Co-Investment Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Investments in and advances to unconsolidated entities		6,211,203	5,873,784
Other Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Investments in and advances to unconsolidated entities	[1]	$ 989,803	$ 363,587
[1]	In February 2020, we completed the Liberty Transaction and acquired an equity method investment in eight ventures

Unconsolidated Entities - Sum_2

Unconsolidated Entities - Summary of Investments in and Advances to our Unconsolidated Entities (Parenthetical) (Detail)	Feb. 04, 2020Venture
Other Ventures [Member] | Liberty Transaction [Member]
Schedule Of Equity Method Investments [Line Items]
Ventures	8

Unconsolidated Entities - Sum_3

Unconsolidated Entities - Summary of Strategic Capital Revenues Recognized in Consolidated Statements of Income Related to Co-Investment Ventures (Detail) - Unconsolidated Co-Investment Ventures [Member] - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Schedule Of Equity Method Investments [Line Items]
Recurring fees		$ 76,173	$ 65,537	$ 150,860	$ 127,654
Transactional fees		12,092	15,830	32,052	27,178
Promote revenue	[1]	227,830	7,283	228,421	7,283
Total strategic capital revenues from unconsolidated co-investment ventures	[2]	$ 316,095	$ 88,650	$ 411,333	$ 162,115
[1]	Includes promote revenue earned from our unconsolidated co-investment venture in the U.S. in June 2020
[2]	These amounts exclude strategic capital revenues from other ventures.

Unconsolidated Entities - Sum_4

Unconsolidated Entities - Summary of Operating Information and Financial Position of Unconsolidated Co-investment Ventures (Detail) $ in Thousands, ft² in Millions		3 Months Ended			6 Months Ended
		Jun. 30, 2020USD ($)ft²PropertyVenture		Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)ft²PropertyVenture		Jun. 30, 2019USD ($)	Dec. 31, 2019USD ($)ft²PropertyVenture
Schedule Of Equity Method Investments [Line Items]
Our earnings from unconsolidated co-investment ventures, net		$ 54,142		$ 48,556	$ 142,872		$ 105,222
Unconsolidated Co-Investment Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Ventures | Venture		9			9			9
Number of buildings | Property		1,817			1,817			1,694
Square feet | ft²		405			405			378
Total assets		$ 37,506,000			$ 37,506,000			$ 34,550,000
Third-party debt		10,824,000			10,824,000			9,408,000
Total liabilities		13,601,000			13,601,000			11,641,000
Our investment balance	[1]	6,211,000			6,211,000			$ 5,874,000
Total revenues		722,000		639,000	1,451,000		1,276,000
Net earnings		167,000		153,000	328,000		324,000
Our earnings from unconsolidated co-investment ventures, net		$ 47,000		46,000	$ 94,000		99,000
Unconsolidated Co-Investment Ventures [Member] | U.S. [Member]
Schedule Of Equity Method Investments [Line Items]
Ventures | Venture		1	[2]		1	[2]		1
Number of buildings | Property		689	[2]		689	[2]		605
Square feet | ft²		113	[2]		113	[2]		99
Total assets		$ 10,276,000	[2]		$ 10,276,000	[2]		$ 8,408,000
Third-party debt		2,923,000	[2]		2,923,000	[2]		2,130,000
Total liabilities		3,857,000	[2]		3,857,000	[2]		2,514,000
Our investment balance	[1]	1,932,000	[2]		1,932,000	[2]		$ 1,728,000
Total revenues		232,000	[2]	180,000	465,000	[2]	359,000
Net earnings		40,000	[2]	23,000	74,000	[2]	52,000
Our earnings from unconsolidated co-investment ventures, net		$ 10,000	[2]	7,000	$ 19,000	[2]	16,000
Unconsolidated Co-Investment Ventures [Member] | Other Americas [Member]
Schedule Of Equity Method Investments [Line Items]
Ventures | Venture		2	[3]		2	[3]		2
Number of buildings | Property		225	[3]		225	[3]		214
Square feet | ft²		49	[3]		49	[3]		44
Total assets		$ 2,938,000	[3]		$ 2,938,000	[3]		$ 2,707,000
Third-party debt		841,000	[3]		841,000	[3]		769,000
Total liabilities		877,000	[3]		877,000	[3]		801,000
Our investment balance	[1]	795,000	[3]		795,000	[3]		$ 658,000
Total revenues		66,000	[3]	67,000	134,000	[3]	134,000
Net earnings		23,000	[3]	21,000	46,000	[3]	55,000
Our earnings from unconsolidated co-investment ventures, net		$ 9,000	[3]	8,000	$ 18,000	[3]	21,000
Unconsolidated Co-Investment Ventures [Member] | Europe [Member]
Schedule Of Equity Method Investments [Line Items]
Ventures | Venture		3			3			3
Number of buildings | Property		745			745			731
Square feet | ft²		178			178			176
Total assets		$ 14,872,000			$ 14,872,000			$ 14,677,000
Third-party debt		3,443,000			3,443,000			3,213,000
Total liabilities		4,787,000			4,787,000			4,575,000
Our investment balance	[1]	2,728,000			2,728,000			$ 2,800,000
Total revenues		281,000		268,000	571,000		539,000
Net earnings		72,000		84,000	150,000		155,000
Our earnings from unconsolidated co-investment ventures, net		$ 23,000		27,000	$ 48,000		52,000
Unconsolidated Co-Investment Ventures [Member] | Asia [Member]
Schedule Of Equity Method Investments [Line Items]
Ventures | Venture		3			3			3
Number of buildings | Property		158			158			144
Square feet | ft²		65			65			59
Total assets		$ 9,420,000			$ 9,420,000			$ 8,758,000
Third-party debt		3,617,000			3,617,000			3,296,000
Total liabilities		4,080,000			4,080,000			3,751,000
Our investment balance	[1]	756,000			756,000			$ 688,000
Total revenues		143,000		124,000	281,000		244,000
Net earnings		32,000		25,000	58,000		62,000
Our earnings from unconsolidated co-investment ventures, net		$ 5,000		$ 4,000	$ 9,000		$ 10,000
Unconsolidated Co-Investment Ventures [Member] | Weighted Average [Member]
Schedule Of Equity Method Investments [Line Items]
Our weighted average ownership	[4]	25.90%			25.90%			27.10%
Unconsolidated Co-Investment Ventures [Member] | Weighted Average [Member] | U.S. [Member]
Schedule Of Equity Method Investments [Line Items]
Our weighted average ownership	[4]	24.90%	[2]		24.90%	[2]		27.30%
Unconsolidated Co-Investment Ventures [Member] | Weighted Average [Member] | Other Americas [Member]
Schedule Of Equity Method Investments [Line Items]
Our weighted average ownership	[4]	41.20%	[3]		41.20%	[3]		39.10%
Unconsolidated Co-Investment Ventures [Member] | Weighted Average [Member] | Europe [Member]
Schedule Of Equity Method Investments [Line Items]
Our weighted average ownership	[4]	29.90%			29.90%			30.20%
Unconsolidated Co-Investment Ventures [Member] | Weighted Average [Member] | Asia [Member]
Schedule Of Equity Method Investments [Line Items]
Our weighted average ownership	[4]	15.20%			15.20%			15.10%
[1]	Prologis’ investment balance is presented at our adjusted basis derived from the ventures’ U.S. GAAP information. The difference between our ownership interest of a venture’s equity and our investment balance at June 30, 2020 and December 31, 2019, results principally from four types of transactions: (i) deferred gains from the contribution of property to a venture prior to January 1, 2018; (ii) recording additional costs associated with our investment in the venture; (iii) receivables, principally for fees and promotes ($339.6 million and $152.0 million, respectively); and (iv) customer security deposits retained subsequent to property contributions to Nippon Prologis REIT, Inc.
[2]	In January 2020, USLF acquired a portfolio of 108 operating properties, aggregating 18.3 million square feet, in the IPT Transaction for cash consideration of $2.0 billion, including transaction costs and the assumption and repayment of debt.
[3]	PBLV and our other Brazilian joint ventures are combined as one venture for the purpose of this table .
[4]	Represents our weighted average ownership interest in all unconsolidated co-investment ventures based on each entity’s contribution of total assets before depreciation, net of other liabilities.

Unconsolidated Entities - Sum_5

Unconsolidated Entities - Summary of Operating Information and Financial Position of Unconsolidated Co-investment Ventures (Parenthetical) (Detail) $ in Thousands, ft² in Millions	1 Months Ended	6 Months Ended
	Jan. 31, 2020USD ($)ft²Property	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Dec. 31, 2019USD ($)
Schedule Of Equity Method Investments [Line Items]
Real estate acquisitions		$ 560,418	$ 468,796
Receivables from unconsolidated co-investment ventures		$ 339,600		$ 152,000
Industrial Property Trust, Inc. [Member] | Prologis Targeted U.S. Logistics Fund [Member]
Schedule Of Equity Method Investments [Line Items]
Number of operating properties acquired | Property	108
Square feet of properties | ft²	18.3
Real estate acquisitions	$ 2,000,000

Unconsolidated Entities - Addit

Unconsolidated Entities - Additional Information (Detail) - Prologis, Inc. [Member] $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)
Schedule Of Equity Method Investments [Line Items]
Remaining equity commitments	$ 357.4
Expiration date for remaining commitments range start	2021
Expiration date for remaining commitments range end	2028

Assets Held for Sale or Contr_3

Assets Held for Sale or Contribution - Summary of Assets Held for Sale or Contribution (Detail) ft² in Thousands, $ in Thousands	Jun. 30, 2020USD ($)ft²Property	Dec. 31, 2019USD ($)ft²Property
Long Lived Assets Held For Sale [Line Items]
Total assets held for sale or contribution	$ 1,948,508	$ 720,685
Total liabilities associated with assets held for sale or contribution – included in Other Liabilities	$ 50,490	$ 41,994
Disposal Group Held for Sale Not Discontinued Operations [Member]
Long Lived Assets Held For Sale [Line Items]
Number of operating properties | Property	154	28
Square feet | ft²	24,300	9,371

Debt - Debt Summary (Detail)

Debt - Debt Summary (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Weighted Average Interest Rate	2.20%	2.20%
Debt	$ 15,666,872	$ 11,905,877
Credit Facilities [Member]
Debt Instrument [Line Items]
Weighted Average Interest Rate	0.60%	0.40%
Debt	$ 115,108	$ 184,255
Senior Notes [Member]
Debt Instrument [Line Items]
Weighted Average Interest Rate	2.30%	2.40%
Debt	$ 13,205,392	$ 9,660,570
Term Loans and Unsecured Other [Member]
Debt Instrument [Line Items]
Weighted Average Interest Rate	1.00%	0.90%
Debt	$ 1,695,026	$ 1,441,882
Secured Mortgage [Member]
Debt Instrument [Line Items]
Weighted Average Interest Rate	3.60%	3.40%
Debt	$ 651,346	$ 619,170

Debt - Debt Summary (Parentheti

Debt - Debt Summary (Parenthetical) (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Debt	$ 15,666,872	$ 11,905,877
Senior Notes [Member]
Debt Instrument [Line Items]
Debt	13,205,392	9,660,570
Secured Mortgage [Member]
Debt Instrument [Line Items]
Debt	651,346	619,170
Liberty Transaction [Member]
Debt Instrument [Line Items]
Repayments of debt	$ 1,800,000
Liberty Transaction [Member] | Weighted Average [Member]
Debt Instrument [Line Items]
Stated interest rate	3.80%
Liberty Transaction [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Debt	$ 2,500,000
Liberty Transaction [Member] | Secured Mortgage [Member]
Debt Instrument [Line Items]
Debt	246,900
Liberty Transaction [Member] | Term Loan [Member]
Debt Instrument [Line Items]
Debt	100,100
Industrial Property Trust Inc Transaction [Member] | Secured Mortgage [Member] | Prologis U S Logistics Venture
Debt Instrument [Line Items]
Debt	341,800
GBP
Debt Instrument [Line Items]
Debt	$ 1,077,460	$ 656,549
Percentage of outstanding debt	6.90%	5.50%
CAD
Debt Instrument [Line Items]
Debt	$ 265,791	$ 279,730
Percentage of outstanding debt	1.70%	2.30%
EUR
Debt Instrument [Line Items]
Debt	$ 6,080,521	$ 6,128,986
Percentage of outstanding debt	38.80%	51.50%
JPY
Debt Instrument [Line Items]
Debt	$ 2,480,815	$ 2,329,381
Percentage of outstanding debt	15.80%	19.60%
USD
Debt Instrument [Line Items]
Debt	$ 5,762,285	$ 2,511,231
Percentage of outstanding debt	36.80%	21.10%

Debt - Additional Information (

Debt - Additional Information (Detail) $ in Thousands, ¥ in Billions	Feb. 29, 2020USD ($)Integer	Jul. 31, 2020JPY (¥)	Oct. 31, 2018	Aug. 31, 2018	Jul. 31, 2018	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020JPY (¥)	Dec. 31, 2019USD ($)
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity						$ 3,947,000		$ 3,947,000
Ability to increase borrowing capacity subject to currency fluctuations and obtaining additional lender commitments						250,000		250,000
Losses on early extinguishment of debt, net						23,573	$ 385	66,340	$ 2,501
Debt						15,666,872		$ 15,666,872			$ 11,905,877
Prologis Euro Finance L L C [Member]
Debt Instrument [Line Items]
Percentage of ownership in operating partnership					100.00%
Prologis Yen Finance LLC [Member]
Debt Instrument [Line Items]
Percentage of ownership in operating partnership				100.00%
Prologis Sterling Finance LLC [Member]
Debt Instrument [Line Items]
Percentage of ownership in operating partnership			100.00%
2017 Term Loan [Member]
Debt Instrument [Line Items]
Debt Instrument maturity date								2021-05
Debt borrowed, net								$ 250,000
Repayment of debt									$ 59,000
Senior Notes [Member]
Debt Instrument [Line Items]
Debt						13,205,392		13,205,392			9,660,570
Term Loans and Unsecured Other [Member]
Debt Instrument [Line Items]
Debt						1,695,026		1,695,026			$ 1,441,882
Liberty Transaction [Member]
Debt Instrument [Line Items]
Number of series of Senior Notes exchanged | Integer	2
Debt instrument, face amount	$ 750,000
Debt instrument, validly rendered for exchange amount	$ 689,800
Percentage of aggregate principal amount	92.00%
Liberty Transaction [Member] | October 2026 Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument maturity date	2026-10
Debt instrument, face amount	$ 400,000
Stated interest rate	3.30%
Liberty Transaction [Member] | February 2029 Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument maturity date	2029-02
Debt instrument, face amount	$ 350,000
Stated interest rate	4.40%
Liberty Transaction [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Debt						2,500,000		2,500,000
Global Facility [Member]
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity						3,500,000		3,500,000
Ability to increase borrowing capacity subject to currency fluctuations and obtaining additional lender commitments						4,500,000		$ 4,500,000
Debt Instrument maturity date								2023-01
Revolver [Member]
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity						603,200		$ 603,200		¥ 65
Debt Instrument maturity date								2021-02
Credit facility current borrowing capacity						$ 464,000		$ 464,000		¥ 50
Revolver [Member] | Subsequent Event [Member]
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity | ¥		¥ 75
Debt Instrument maturity date		2024-07
Credit facility current borrowing capacity | ¥		¥ 55

Debt - Summary of Issuances and

Debt - Summary of Issuances and Redemptions of Senior Notes (Detail) € in Thousands, £ in Thousands, $ in Thousands	1 Months Ended	6 Months Ended
	Jan. 31, 2020USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2020EUR (€)	Jun. 30, 2020GBP (£)	Jan. 31, 2020EUR (€)
February 2022 – 2035 Senior Notes [Member] | EUR
Debt Instrument [Line Items]
Aggregate Principal		$ 1,485,405	€ 1,350,000
Maturity Dates		2022-02
Maturity Dates		2035-02
February 2022 – 2035 Senior Notes [Member] | EUR | Weighted Average [Member]
Debt Instrument [Line Items]
Stated Interest Rate		0.60%	0.60%	0.60%
April 2027 – 2050 Senior Notes [Member] | USD
Debt Instrument [Line Items]
Aggregate Principal		$ 2,200,000
Maturity Dates		2027-04
Maturity Dates		2050-04
April 2027 – 2050 Senior Notes [Member] | USD | Weighted Average [Member]
Debt Instrument [Line Items]
Stated Interest Rate		2.40%	2.40%	2.40%
February 2035 Senior Notes [Member] | GBP
Debt Instrument [Line Items]
Aggregate Principal		$ 322,490		£ 250,000
Maturity Dates		2035-02
February 2035 Senior Notes [Member] | GBP | Weighted Average [Member]
Debt Instrument [Line Items]
Stated Interest Rate		1.90%	1.90%	1.90%
June 2027 – 2050 Senior Notes [Member] | JPY
Debt Instrument [Line Items]
Aggregate Principal		$ 386,314		£ 41,200,000
Maturity Dates		2027-06
Maturity Dates		2050-06
June 2027 – 2050 Senior Notes [Member] | JPY | Weighted Average [Member]
Debt Instrument [Line Items]
Stated Interest Rate		1.00%	1.00%	1.00%
January 2020 Senior Notes [Member] | EUR
Debt Instrument [Line Items]
Aggregate Principal	$ 445,880				€ 400,000
Maturity Dates	2020-01
January 2020 Senior Notes [Member] | EUR | Euribor [Member]
Debt Instrument [Line Items]
Stated Interest Rate	0.00%				0.00%
May 2021 Senior Notes [Member] | EUR
Debt Instrument [Line Items]
Stated Interest Rate		1.40%	1.40%	1.40%
Aggregate Principal		$ 783,090	€ 700,000
Maturity Dates		2021-05
January 2022 Senior Notes [Member] | EUR
Debt Instrument [Line Items]
Stated Interest Rate		3.00%	3.00%	3.00%
Aggregate Principal		$ 238,067	€ 212,598
Maturity Dates		2022-01
February 2024 Senior Notes [Member] | EUR
Debt Instrument [Line Items]
Stated Interest Rate		3.40%	3.40%	3.40%
Aggregate Principal		$ 112,524	€ 100,486
Maturity Dates		2024-02

Debt - Summary of Issuances a_2

Debt - Summary of Issuances and Redemptions of Senior Notes (Parenthetical) (Detail) € in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020EUR (€)
Senior Notes [Member] | EUR
Debt Instrument [Line Items]
Repayments of Senior Debt	$ 112.5	€ 100.5
Senior Notes [Member] | JPY
Debt Instrument [Line Items]
Repayments of Senior Debt	238.1	212.6
May 2021 Senior Notes [Member] | EUR
Debt Instrument [Line Items]
Repayments of Senior Debt	$ 783.1	€ 700
Debt Instrument maturity date	2021-05	2021-05
Liberty Transaction [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Repayments of assumed debt	$ 1,800

Debt - Schedule of Current Avai

Debt - Schedule of Current Availability on Debt and Cash (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Dec. 31, 2018
Debt Disclosure [Abstract]
Credit facility maximum borrowing capacity	$ 3,947,000
Ability to increase borrowing capacity subject to currency fluctuations and obtaining additional lender commitments	250,000
Borrowings outstanding	115,000
Outstanding letters of credit	29,000
Current availability	4,053,000
Cash and cash equivalents	549,129	$ 1,088,855	$ 401,190	$ 343,856
Total liquidity	$ 4,602,000

Debt - Long-Term Debt Maturitie

Debt - Long-Term Debt Maturities (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
2020	$ 15,147
2021	352,509
2022	725,620
2023	1,064,419
2024	934,512
Thereafter	12,621,807
Subtotal	15,714,014
Unamortized net premiums	27,621
Unamortized debt issuance costs	(74,763)
Total	15,666,872	$ 11,905,877
Credit Facilities [Member]
Debt Instrument [Line Items]
2020	0
2021	59,118
2022	0
2023	55,990
2024	0
Thereafter	0
Subtotal	115,108
Unamortized net premiums	0
Unamortized debt issuance costs	0
Total	115,108	184,255
Senior Notes [Member]
Debt Instrument [Line Items]
2020	0
2021	0
2022	713,763
2023	850,000
2024	671,336
Thereafter	11,010,008
Subtotal	13,245,107
Unamortized net premiums	24,831
Unamortized debt issuance costs	(64,546)
Total	13,205,392	9,660,570
Term Loans And Other Debt [Member]
Debt Instrument [Line Items]
2020	10,626
2021	250,000
2022	0
2023	124,597
2024	0
Thereafter	1,317,848
Subtotal	1,703,071
Unamortized net premiums	0
Unamortized debt issuance costs	(8,045)
Total	1,695,026	1,441,882
Secured Mortgages [Member]
Debt Instrument [Line Items]
2020	4,521
2021	43,391
2022	11,857
2023	33,832
2024	263,176
Thereafter	293,951
Subtotal	650,728
Unamortized net premiums	2,790
Unamortized debt issuance costs	(2,172)
Total	$ 651,346	$ 619,170

Stockholders' Equity of Prolo_2

Stockholders' Equity of Prologis Inc. - Additional Information (Detail) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)Agent$ / sharesshares	Apr. 30, 2020shares	Mar. 31, 2020shares
Shareholders Equity [Line Items]
Aggregate price of shares repurchased and retired | $	$ 34,829
At the Market Offering [Member]
Shareholders Equity [Line Items]
Maximum proceeds from sale of stock | $	$ 1,500,000
Agents fee percentage	2.00%
Number of designated agents | Agent	20
Equity issued	0
Common Stock [Member]
Shareholders Equity [Line Items]
Repurchase and retire of common stock shares	539,000
Aggregate price of shares repurchased and retired | $	$ 5
Weighted average purchase price | $ / shares	$ 64.66
Common Stock [Member] | Maximum [Member]
Shareholders Equity [Line Items]
Aggregate purchase price of common stock			1,000,000,000
Common stock, shares authorized		2,000,000,000
Common Stock [Member] | Minimum [Member]
Shareholders Equity [Line Items]
Common stock, shares authorized		1,000,000,000

Noncontrolling Interests - Addi

Noncontrolling Interests - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2020
Prologis, L.P. [Member]
Noncontrolling Interest [Line Items]
Description of conversion rate	one share of common stock to one limited partnership unit

Noncontrolling Interests - Nonc

Noncontrolling Interests - Noncontrolling Interest Summary (Detail) - USD ($) $ in Thousands		6 Months Ended	12 Months Ended
		Jun. 30, 2020	Dec. 31, 2019
Noncontrolling Interest [Line Items]
Operating Partnership noncontrolling interest		$ 3,589,800	$ 2,775,394
Noncontrolling interests		4,503,281	3,418,657
Total Assets		55,221,857	40,031,850
Total Liabilities		18,475,648	13,960,066
Non-controlling Interests [Member]
Noncontrolling Interest [Line Items]
Total Assets		8,920,379	6,926,636
Total Liabilities		$ 262,378	$ 184,583
Prologis U S Logistics Venture
Noncontrolling Interest [Line Items]
Parent Company's Ownership Percentage	[1]	55.00%	55.00%
Operating Partnership noncontrolling interest	[1]	$ 3,492,089	$ 2,677,846
Total Assets	[1]	7,890,447	6,077,016
Total Liabilities	[1]	$ 138,994	$ 99,397
Other Consolidated Entities [Member]
Noncontrolling Interest [Line Items]
Parent Company's Ownership	[2]	various	various
Operating Partnership noncontrolling interest	[2]	$ 97,711	$ 97,548
Total Assets	[2]	1,029,932	849,620
Total Liabilities	[2]	123,384	85,186
Prologis, L.P. [Member]
Noncontrolling Interest [Line Items]
Noncontrolling interests		3,589,800	2,775,394
Total Assets		55,221,857	40,031,850
Total Liabilities		18,475,648	13,960,066
Prologis, L.P. [Member] | Non-controlling Interests [Member]
Noncontrolling Interest [Line Items]
Limited partners in Prologis, L.P.	[3],[4]	913,481	643,263
Total Assets	[3],[4]	0	0
Total Liabilities	[3],[4]	0	0
Prologis, Inc. [Member]
Noncontrolling Interest [Line Items]
Total Assets		8,920,379	6,926,636
Total Liabilities		262,378	184,583
Prologis, Inc. [Member] | Non-controlling Interests [Member]
Noncontrolling Interest [Line Items]
Noncontrolling interests		$ 4,503,281	$ 3,418,657
[1]	As discussed in Note 3, in January 2020, USLV acquired a portfolio of 127 operating properties, aggregating 19.0 million square feet, in the IPT Transaction for $2.0 billion, including transaction costs and the assumption and repayment of debt . Our partner contributed their share of the purchase price to fund the acquisition.
[2]	Includes our two partnerships that have issued limited partnership units to third parties, as discussed above, along with various other consolidated entities. The limited partnership units outstanding at June 30, 2020 and December 31, 2019 were exchangeable into cash or, at our option, 0.3 million shares of the Parent’s common stock.
[3]	We had 8.6 million Class A Units that were convertible into 8.0 million and 8.1 million limited partnership units of the OP at June 30, 2020 and December 31, 2019, respectively.
[4]	At June 30, 2020 and December 31, 2019, excluding the Class A Units, there were limited partnership units in the OP that were exchangeable into cash or, at our option, 8.4 million and 6.2 million shares of the Parent’s common stock, respectively.

Noncontrolling Interests - No_2

Noncontrolling Interests - Noncontrolling Interest Summary (Parenthetical) (Detail) shares in Thousands, ft² in Millions, $ in Billions	1 Months Ended	6 Months Ended	12 Months Ended
	Jan. 31, 2020USD ($)ft²Property	Jun. 30, 2020shares	Dec. 31, 2019shares	Mar. 31, 2020shares	Jun. 30, 2019shares	Mar. 31, 2019shares	Dec. 31, 2018shares
Industrial Property Trust, Inc. [Member] | Prologis U S Logistics Venture
Noncontrolling Interest [Line Items]
Number of operating properties acquired | Property	127
Square feet of properties | ft²	19
Business acquisition consideration transferred | $	$ 2
Class A Common [Member]
Noncontrolling Interest [Line Items]
Outstanding limited partnership units, exchanged		8,000	8,100
Units outstanding			8,600
Common Unit [Member]
Noncontrolling Interest [Line Items]
Outstanding limited partnership units, exchanged		8,400	6,200
Common Stock [Member]
Noncontrolling Interest [Line Items]
Liberty Transaction, units issued		106,723
Other Consolidated Entities [Member]
Noncontrolling Interest [Line Items]
Outstanding limited partnership units, exchanged		300	300
Other Consolidated Entities [Member] | Common Stock [Member]
Noncontrolling Interest [Line Items]
Outstanding limited partnership units		300	300
Prologis, L.P. [Member] | Class A Common [Member] | Limited Partners [Member]
Noncontrolling Interest [Line Items]
Units outstanding		8,608	8,613	8,613	8,849	8,849	8,849
Prologis, L.P. [Member] | Common [Member] | Limited Partners [Member]
Noncontrolling Interest [Line Items]
Units outstanding		12,914	9,933	13,158	10,402	11,210	10,516
Liberty Transaction, units issued		2,288

Long-Term Compensation - Additi

Long-Term Compensation - Additional Information (Detail) - Prologis Out-Performance Plan [Member] - USD ($) shares in Millions	1 Months Ended	6 Months Ended
	Jan. 31, 2020	Jun. 30, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Performance Period		3 years
Outperformance hurdle, above MSCI U.S. REIT Index		1.00%
Performance pool as percentage of excess value, if outperformance hurdle is met		3.00%
Forfeited awards after seven years		7 years
2020 - 2022 Performance Period [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Performance Period	3 years
Cash incentive award maximum	$ 100,000,000
Holding period	3 years
Aggregate fair value	$ 28,800,000
Assumed risk free interest rate	1.70%
Expected volatility rate	16.00%
2020 - 2022 Performance Period [Member] | Tranche 1 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting rights, percentage		20.00%
2020 - 2022 Performance Period [Member] | Tranche 2 (After Seven Year Cliff) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period		7 years
Vesting rights, percentage		80.00%
2017 - 2019 Performance Period [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Cash incentive award maximum		$ 75,000,000
Holding period		3 years
Aggregate of performance pool award	$ 75,000,000
Common stock	0.3
POP LTIP Units and LTIP Units	0.5
Initial performance period		3 years
2017 - 2019 Performance Period [Member] | Tranche 1 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting rights, percentage	20.00%
2017 - 2019 Performance Period [Member] | Tranche 2 (After Seven Year Cliff) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period		7 years
Vesting rights, percentage		80.00%
Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period		3 years
Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period		10 years

Long-Term Compensation - RSU Aw

Long-Term Compensation - RSU Awards (Detail) - Restricted Stock Units (RSUs) [Member] shares in Thousands	6 Months Ended
	Jun. 30, 2020$ / sharesshares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Unvested Awards, Beginning Balance | shares	1,165
Granted | shares	383
Vested and distributed | shares	(500)
Forfeited | shares	(35)
Number of Unvested Awards, Ending Balance | shares	1,013
Weighted Average Grant Date Fair Value | $ / shares	$ 68.44
Weighted Average Grant Date Fair Value, Granted | $ / shares	93
Weighted Average Grant Date Fair Value, Vested and distributed | $ / shares	62.53
Weighted Average Grant Date Fair Value, Forfeited | $ / shares	74.97
Weighted Average Grant Date Fair Value | $ / shares	$ 78.55

Long-Term Compensation - LTIP U

Long-Term Compensation - LTIP Units Awards (Detail) - Long Term Incentive Plan Units [Member] shares in Thousands	6 Months Ended
	Jun. 30, 2020$ / sharesshares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Shares, Beginning Balance	3,714
Vested LTIP Units	954
Vested POP LTIP Units	303
Unvested POP LTIP Units	0
Conversion to common limited partnership units	(424)
Number of Shares, Ending Balance	4,547
Number of Unvested Awards, Beginning Balance	2,678
Granted	658
Vested LTIP Units	(954)
Vested POP LTIP Units	0
Unvested POP LTIP Units	345
Number of Unvested Awards, Ending Balance	2,727
Weighted Average Grant Date Fair Value | $ / shares	$ 60.06
Unvested Weighted Average, Granted | $ / shares	93.23
Unvested Weighted Average, Vested LTIP Units | $ / shares	63.46
Unvested Weighted Average Grant Date Fair Value, Unvested LTIP Units - POP | $ / shares	19.03
Weighted Average Grant Date Fair Value | $ / shares	$ 61.61

Earnings Per Common Share or _3

Earnings Per Common Share or Unit - Computation of Basic and Diluted Earnings Per Share or Unit (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Summary Of Computation Of Basic And Diluted Earnings Per Share [Line Items]
Net earnings attributable to common stockholders/unit holders - Basic	$ 404,539	$ 383,784	$ 893,957	$ 730,831
Net earnings attributable to exchangeable limited partnership units	11,763	11,759	25,812	22,416
Adjusted net earnings attributable to common stockholders – Diluted	$ 416,302	$ 395,543	$ 919,769	$ 753,247
Weighted average common shares/units outstanding - Basic	737,992	630,271	718,278	629,990
Incremental weighted average effect on exchange of limited partnership units	21,539	19,556	20,884	19,637
Incremental weighted average effect of equity awards	6,299	5,620	6,865	5,139
Weighted average common shares/partnership units outstanding - Diluted	765,830	655,447	746,027	654,766
Net earnings per share/unit attributable to common stockholders/unitholders -
Basic	$ 0.55	$ 0.61	$ 1.24	$ 1.16
Diluted	$ 0.54	$ 0.60	$ 1.23	$ 1.15
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	$ 416,189	$ 395,470	$ 919,577	$ 753,091
Net earnings attributable to exchangeable limited partnership units	113	73	192	156
Adjusted net earnings attributable to common stockholders – Diluted	$ 416,302	$ 395,543	$ 919,769	$ 753,247
Weighted average common shares/units outstanding - Basic	751,182	641,127	730,807	640,832
Incremental weighted average effect on exchange of Class A convertible units	8,050	8,337	8,056	8,347
Incremental weighted average effect on exchange of limited partnership units	299	363	299	448
Incremental weighted average effect of equity awards	6,299	5,620	6,865	5,139
Weighted average common shares/partnership units outstanding - Diluted	765,830	655,447	746,027	654,766
Net earnings per share/unit attributable to common stockholders/unitholders -
Basic	$ 0.55	$ 0.61	$ 1.24	$ 1.16
Diluted	$ 0.54	$ 0.60	$ 1.23	$ 1.15
Prologis, L.P. [Member] | Class A Common [Member]
Summary Of Computation Of Basic And Diluted Earnings Per Share [Line Items]
Net earnings attributable to common stockholders/unit holders - Basic	$ (4,375)	$ (5,077)	$ (10,026)	$ (9,683)
Adjusted net earnings attributable to common stockholders – Diluted	4,375	5,077	10,026	9,683
Prologis, L.P. [Member] | Common Units [Member]
Summary Of Computation Of Basic And Diluted Earnings Per Share [Line Items]
Net earnings attributable to common stockholders/unit holders - Basic	$ 411,814	$ 390,393	$ 909,551	$ 743,408

Earnings Per Common Share or _4

Earnings Per Common Share or Unit - Computation of Basic and Diluted Earnings Per Share or Unit (Parenthetical) (Detail) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Summary Of Computation Of Basic And Diluted Earnings Per Share [Line Items]
Total weighted average potential dilutive shares and units outstanding	30,578	28,145	30,638	27,798
Prologis, L.P. [Member]
Summary Of Computation Of Basic And Diluted Earnings Per Share [Line Items]
Total weighted average potentially dilutive Class A Units	8,050	8,337	8,056	8,347
Total weighted average potentially dilutive other limited partnership units	299	363	299	448
Total weighted average potentially dilutive equity awards	9,039	8,589	9,754	8,161
Total weighted average potential dilutive shares and units outstanding	17,388	17,289	18,109	16,956
Total weighted average potential dilutive common limited partnership units	13,190	10,856	12,529	10,842

Financial Instruments and Fai_3

Financial Instruments and Fair Value Measurements - Schedule of Fair Value of Derivative Financial Instruments (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Derivatives Fair Value [Line Items]
Asset	$ 44,499	$ 13,266
Liability	1,560	23,851
Undesignated Derivatives [Member] | Forwards [Member] | BRL
Derivatives Fair Value [Line Items]
Asset	1,853	181
Liability	0	49
Undesignated Derivatives [Member] | Forwards [Member] | GBP
Derivatives Fair Value [Line Items]
Asset	11,277	731
Liability	0	3,823
Undesignated Derivatives [Member] | Forwards [Member] | CAD
Derivatives Fair Value [Line Items]
Asset	3,367	523
Liability	613	1,855
Undesignated Derivatives [Member] | Forwards [Member] | CNY
Derivatives Fair Value [Line Items]
Asset	2	0
Liability	5	81
Undesignated Derivatives [Member] | Forwards [Member] | EUR
Derivatives Fair Value [Line Items]
Asset	7,501	7,135
Liability	177	2,034
Undesignated Derivatives [Member] | Forwards [Member] | JPY
Derivatives Fair Value [Line Items]
Asset	7,540	3,889
Liability	0	97
Undesignated Derivatives [Member] | Forwards [Member] | SEK
Derivatives Fair Value [Line Items]
Asset	46	0
Liability	444	797
Designated As Hedging Instrument [Member] | Net Investment Hedges [Member] | GBP
Derivatives Fair Value [Line Items]
Asset	10,515	807
Liability	0	13,189
Designated As Hedging Instrument [Member] | Net Investment Hedges [Member] | CAD
Derivatives Fair Value [Line Items]
Asset	2,378	0
Liability	0	1,926
Designated As Hedging Instrument [Member] | Cash Flow Hedges [Member] | Interest Rate Swaps [Member] | EUR
Derivatives Fair Value [Line Items]
Asset	20	0
Liability	0	0
Designated As Hedging Instrument [Member] | Cash Flow Hedges [Member] | Interest Rate Swaps [Member] | USD
Derivatives Fair Value [Line Items]
Asset	0	0
Liability	$ 321	$ 0

Financial Instruments and Fai_4

Financial Instruments and Fair Value Measurements - Summary of Undesignated Foreign Currency Forwards Activity (Detail) - Forwards [Member] - Undesignated Derivatives [Member]	6 Months Ended
	Jun. 30, 2020USD ($)Derivative	Jun. 30, 2019USD ($)Derivative
Derivative [Line Items]
Notional amounts at January 1	$ 1,107,000,000	$ 669,000,000
New contracts	1,207,000,000	1,386,000,000
Matured, expired or settled contracts	(1,461,000,000)	(1,224,000,000)
Notional amounts at June 30	853,000,000	831,000,000
CAD
Derivative [Line Items]
Notional amounts at January 1	120,000,000	55,000,000
New contracts	16,000,000	144,000,000
Matured, expired or settled contracts	(22,000,000)	(116,000,000)
Notional amounts at June 30	$ 114,000,000	$ 83,000,000
Weighted average forward rate at June 30	1.33	1.31
Active contracts at June 30 | Derivative	42	30
EUR
Derivative [Line Items]
Notional amounts at January 1	$ 581,000,000	$ 314,000,000
New contracts	809,000,000	86,000,000
Matured, expired or settled contracts	(1,071,000,000)	(62,000,000)
Notional amounts at June 30	$ 319,000,000	$ 338,000,000
Weighted average forward rate at June 30	1.16	1.20
Active contracts at June 30 | Derivative	48	34
GBP
Derivative [Line Items]
Notional amounts at January 1	$ 178,000,000	$ 118,000,000
New contracts	294,000,000	625,000,000
Matured, expired or settled contracts	(285,000,000)	(510,000,000)
Notional amounts at June 30	$ 187,000,000	$ 233,000,000
Weighted average forward rate at June 30	1.31	1.28
Active contracts at June 30 | Derivative	54	30
JPY
Derivative [Line Items]
Notional amounts at January 1	$ 182,000,000	$ 177,000,000
New contracts	60,000,000	37,000,000
Matured, expired or settled contracts	(50,000,000)	(37,000,000)
Notional amounts at June 30	$ 192,000,000	$ 177,000,000
Weighted average forward rate at June 30	102.86	104.13
Active contracts at June 30 | Derivative	45	34
SEK
Derivative [Line Items]
Notional amounts at January 1	$ 31,000,000
New contracts	9,000,000
Matured, expired or settled contracts	(6,000,000)
Notional amounts at June 30	$ 34,000,000
Weighted average forward rate at June 30	9.40
Active contracts at June 30 | Derivative	30
Other
Derivative [Line Items]
Notional amounts at January 1	$ 15,000,000
New contracts	19,000,000
Matured, expired or settled contracts	(27,000,000)
Notional amounts at June 30	$ 7,000,000
BRL
Derivative [Line Items]
Notional amounts at January 1		$ 5,000,000
New contracts		489,000,000
Matured, expired or settled contracts		(494,000,000)
Notional amounts at June 30		$ 0
Active contracts at June 30 | Derivative		0
MXN
Derivative [Line Items]
Notional amounts at January 1		$ 0
New contracts		5,000,000
Matured, expired or settled contracts		(5,000,000)
Notional amounts at June 30		$ 0
Active contracts at June 30 | Derivative		0

Financial Instruments and Fai_5

Financial Instruments and Fair Value Measurements - Summary of Undesignated Financial Instruments Exercised and Realized and Unrealized Gains (Losses) in Foreign Currency and Derivative Gains (Losses) Net (Detail) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)Contract	Jun. 30, 2019USD ($)Contract	Jun. 30, 2020USD ($)Contract	Jun. 30, 2019USD ($)Contract
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Exercised contracts | Contract	40	25	73	48
Realized gains on the matured, expired or settled contracts	$ 6	$ 6	$ 10	$ 7
Unrealized gains (losses) on the change in fair value of outstanding contracts	$ (13)	$ (3)	$ 34	$ 4

Financial Instruments and Fai_6

Financial Instruments and Fair Value Measurements - Foreign Currency Contracts Activity (Detail) - Forwards [Member] - Net Investment Hedges [Member] - Designated As Hedging Instrument [Member]	6 Months Ended
	Jun. 30, 2020USD ($)Derivative	Jun. 30, 2019USD ($)Derivative
Derivative [Line Items]
Notional amounts at January 1	$ 484,000,000	$ 687,000,000
New contracts	324,000,000	928,000,000
Matured, expired or settled contracts	(576,000,000)	(1,126,000,000)
Notional amounts at June 30	232,000,000	489,000,000
CAD
Derivative [Line Items]
Notional amounts at January 1	97,000,000	100,000,000
New contracts	0	48,000,000
Matured, expired or settled contracts	0	(50,000,000)
Notional amounts at June 30	$ 97,000,000	$ 98,000,000
Weighted average forward rate at June 30	1.32	1.30
Active contracts at June 30 | Derivative	2	2
BRL
Derivative [Line Items]
Notional amounts at January 1		$ 460,000,000
New contracts		489,000,000
Matured, expired or settled contracts		(949,000,000)
Notional amounts at June 30		$ 0
Active contracts at June 30 | Derivative		0
GBP
Derivative [Line Items]
Notional amounts at January 1	$ 387,000,000	$ 127,000,000
New contracts	324,000,000	391,000,000
Matured, expired or settled contracts	(576,000,000)	(127,000,000)
Notional amounts at June 30	$ 135,000,000	$ 391,000,000
Weighted average forward rate at June 30	1.35	1.30
Active contracts at June 30 | Derivative	1	6

Financial Instruments and Fai_7

Financial Instruments and Fair Value Measurements - Summary of Activity in Interest Rate Swaps (Detail) - Interest Rate Swaps [Member] - Cash Flow Hedges [Member] - Designated As Hedging Instrument [Member] - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
EUR
Derivative [Line Items]
Notional amounts at January 1	$ 0	$ 500,000,000
New contracts	165,000,000	0
Matured, expired or settled contracts	0	0
Notional amounts at June 30	165,000,000	$ 500,000,000
USD
Derivative [Line Items]
Notional amounts at January 1	0
New contracts	1,000,000,000
Matured, expired or settled contracts	(750,000,000)
Notional amounts at June 30	$ 250,000,000

Financial Instruments and Fai_8

Financial Instruments and Fair Value Measurements - Summary of Activity in Interest Rate Swaps (Parenthetical) (Detail) $ in Thousands, € in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2020USD ($)	Mar. 31, 2020USD ($)Contract	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)Contract	Jun. 30, 2019USD ($)	Mar. 31, 2020EUR (€)
Derivative [Line Items]
Loss on derivatives	$ (1,373)		$ 3,725	$ 22,075	$ 6,358
Interest Rate Swaps [Member] | Senior Notes [Member] | EUR
Derivative [Line Items]
Number of Contracts | Contract		1		2
Notional value of derivative	$ 250,000	$ 165,000		$ 250,000		€ 150
Interest rate description		Euribor plus 0.3%		USD LIBOR plus 0.9%
Interest rate		0.30%		0.90%
Treasury Lock Contracts [Member] | Senior Notes [Member] | USD
Derivative [Line Items]
Number of Contracts | Contract		4
Notional value of derivative		$ 750,000
Loss on derivatives		$ 16,800		$ 16,800

Financial Instruments and Fai_9

Financial Instruments and Fair Value Measurements - Summary of Debt and Accrued Interest, Designated as Hedge (Detail) - Designated As Hedging Instrument [Member] - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
British Pound Sterling Senior Notes [Member]
Derivatives Fair Value [Line Items]
Senior Notes Outstanding	$ 939	$ 329
Euro Senior Notes [Member]
Derivatives Fair Value [Line Items]
Senior Notes Outstanding	$ 0	$ 850

Financial Instruments and Fa_10

Financial Instruments and Fair Value Measurements - Summary of Recognized Unrealized Gains (Losses) in Foreign Currency and Derivative Gains (Losses) Net on Remeasurement of Unhedged Portion of Debt and Accrued Interest (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Derivatives Fair Value [Line Items]
Foreign currency translation gains (losses), net	$ (1,053)	$ (47,662)	$ (134,586)	$ 12,418
Forward Contracts [Member]
Derivatives Fair Value [Line Items]
Foreign currency translation gains (losses), net	$ (56,000)	$ 1,000	$ 26,000	$ 1,000

Financial Instruments and Fa_11

Financial Instruments and Fair Value Measurements - Summary of Changes in Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cumulative translation adjustment	$ (14,477)	$ (25,093)	$ (206,119)	$ (9,218)
Total foreign currency translation gains (losses), net	(1,053)	(47,662)	(134,586)	12,418
Total unrealized gains (losses) on derivative contracts, net	1,373	(3,725)	(22,075)	(6,358)
Total change in other comprehensive income (loss)	320	(51,387)	(156,661)	6,060
Designated As Hedging Instrument [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total derivative hedging instruments	(2,835)	8,464	22,524	(10,988)
Designated As Hedging Instrument [Member] | Non derivative Net Investment Hedge [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Debt designated as nonderivative net investment hedges	16,259	(31,033)	49,009	32,624
Designated As Hedging Instrument [Member] | Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total derivative hedging instruments	1,087	1,153	(14,438)	2,258
Designated As Hedging Instrument [Member] | Our Share of Derivatives from Unconsolidated Co-Investment Ventures [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total derivative hedging instruments	$ 286	$ (4,878)	$ (7,637)	$ (8,616)

Financial Instruments and Fa_12

Financial Instruments and Fair Value Measurements - Summary of Changes in Other Comprehensive Income (Loss) (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Derivative Instruments Gain Loss [Line Items]
Loss on derivatives	$ (1,373)		$ 3,725	$ 22,075	$ 6,358
Treasury Lock Contracts [Member] | Senior Notes [Member] | USD
Derivative Instruments Gain Loss [Line Items]
Loss on derivatives		$ 16,800		16,800
Accumulated Gain (Loss) Net Cash Flow Hedge Parent [Member]
Derivative Instruments Gain Loss [Line Items]
Amount to be reclassified to interest expense, next 12 months	$ 5,400			$ 5,400

Financial Instruments and Fa_13

Financial Instruments and Fair Value Measurements - Carrying Amounts and Estimated Fair Values of Debt (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value of Debt	$ 15,666,872	$ 11,905,877
Fair Value of Debt	16,546,209	12,527,858
Credit Facilities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value of Debt	115,108	184,255
Fair Value of Debt	114,633	184,255
Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value of Debt	13,205,392	9,660,570
Fair Value of Debt	14,025,805	10,228,715
Term Loans and Unsecured Other [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value of Debt	1,695,026	1,441,882
Fair Value of Debt	1,714,984	1,463,841
Secured Mortgages [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value of Debt	651,346	619,170
Fair Value of Debt	$ 690,787	$ 651,047

Business Segments - Additional

Business Segments - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2020Segment
Segment Reporting [Abstract]
Number of operating segments	2

Business Segments - Segment Rep

Business Segments - Segment Reporting, Reconciliation of Revenues, Operating Income and Assets (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Total revenues	$ 1,266,124	$ 790,372	$ 2,244,365	$ 1,562,424
Operating income	611,987	442,056	1,080,044	818,646
General and administrative expenses	64,664	66,276	134,353	135,977
Depreciation and amortization expenses	398,195	284,376	744,165	568,385
Gains on dispositions of development properties and land, net	86,416	196,941	249,166	239,382
Gains on other dispositions of investments in real estate, net	43,939	27,254	75,430	173,021
Operating income	611,987	442,056	1,080,044	818,646
Earnings from unconsolidated entities, net	54,142	48,556	142,872	105,222
Interest expense	(81,298)	(59,122)	(156,940)	(119,629)
Interest and other income, net	1,027	4,312	1,397	12,222
Foreign currency and derivative gains (losses), net	(60,836)	2,041	52,493	10,775
Losses on early extinguishment of debt, net	(23,573)	(385)	(66,340)	(2,501)
Earnings before income taxes	501,449	437,458	1,053,526	824,735
Total assets	55,221,857		55,221,857		$ 40,031,850
Investments in and advances to unconsolidated entities	7,201,006		7,201,006		6,237,371
Assets held for sale or contribution	1,948,508		1,948,508		720,685
Lease right-of-use assets	497,802		497,802		486,330
Cash and cash equivalents	549,129	401,190	549,129	401,190	1,088,855	$ 343,856
Other assets	2,377,978		2,377,978		1,711,857
Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Total assets	45,104,029		45,104,029		31,590,756
Operating Segments [Member]
Segment Reporting Information [Line Items]
Operating income	944,491	568,513	1,633,966	1,110,605
Operating income	944,491	568,513	1,633,966	1,110,605
Total assets	45,143,552		45,143,552		31,630,924
Operating Segments [Member] | Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Total revenues	945,466	701,228	1,827,116	1,399,475
Operating income	705,378	516,575	1,344,836	1,022,920
Operating income	705,378	516,575	1,344,836	1,022,920
Operating Segments [Member] | Strategic Capital [Member]
Segment Reporting Information [Line Items]
Total revenues	320,658	89,144	417,249	162,949
Operating income	239,113	51,938	289,130	87,685
Operating income	239,113	51,938	289,130	87,685
Total assets	39,523		39,523		40,168
Operating Segments [Member] | U.S. [Member] | Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Total revenues	896,879	649,433	1,726,262	1,301,302
Operating income	675,126	481,631	1,277,730	952,707
Operating income	675,126	481,631	1,277,730	952,707
Total assets	41,623,003		41,623,003		27,999,868
Operating Segments [Member] | U.S. [Member] | Strategic Capital [Member]
Segment Reporting Information [Line Items]
Total revenues	256,517	20,536	290,859	40,804
Operating income	203,582	7,794	217,206	11,121
Operating income	203,582	7,794	217,206	11,121
Total assets	13,893		13,893		14,529
Operating Segments [Member] | Other Americas [Member] | Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Total revenues	19,736	23,847	45,815	47,712
Operating income	13,817	15,865	33,273	34,918
Operating income	13,817	15,865	33,273	34,918
Total assets	1,061,404		1,061,404		1,332,237
Operating Segments [Member] | Other Americas [Member] | Strategic Capital [Member]
Segment Reporting Information [Line Items]
Total revenues	9,596	13,624	18,707	21,524
Operating income	6,348	9,355	11,527	14,777
Operating income	6,348	9,355	11,527	14,777
Operating Segments [Member] | Europe [Member] | Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Total revenues	17,988	12,263	33,490	20,820
Operating income	8,655	6,888	18,810	12,432
Operating income	8,655	6,888	18,810	12,432
Total assets	1,518,215		1,518,215		1,379,579
Operating Segments [Member] | Europe [Member] | Strategic Capital [Member]
Segment Reporting Information [Line Items]
Total revenues	31,532	33,539	64,122	62,377
Operating income	19,114	23,223	39,708	42,374
Operating income	19,114	23,223	39,708	42,374
Total assets	25,280		25,280		25,280
Operating Segments [Member] | Asia [Member] | Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Total revenues	10,863	15,685	21,549	29,641
Operating income	7,780	12,191	15,023	22,863
Operating income	7,780	12,191	15,023	22,863
Total assets	901,407		901,407		879,072
Operating Segments [Member] | Asia [Member] | Strategic Capital [Member]
Segment Reporting Information [Line Items]
Total revenues	23,013	21,445	43,561	38,244
Operating income	10,069	11,566	20,689	19,413
Operating income	10,069	11,566	20,689	19,413
Total assets	350		350		359
Reconciling Items [Member]
Segment Reporting Information [Line Items]
Operating income	611,987	442,056	1,080,044	818,646
General and administrative expenses	(64,664)	(66,276)	(134,353)	(135,977)
Depreciation and amortization expenses	(398,195)	(284,376)	(744,165)	(568,385)
Gains on dispositions of development properties and land, net	86,416	196,941	249,166	239,382
Gains on other dispositions of investments in real estate, net	43,939	27,254	75,430	173,021
Operating income	611,987	442,056	1,080,044	818,646
Earnings from unconsolidated entities, net	54,142	48,556	142,872	105,222
Interest expense	(81,298)	(59,122)	(156,940)	(119,629)
Interest and other income, net	1,027	4,312	1,397	12,222
Foreign currency and derivative gains (losses), net	(60,836)	2,041	52,493	10,775
Losses on early extinguishment of debt, net	(23,573)	$ (385)	(66,340)	$ (2,501)
Total assets	10,078,305		10,078,305		8,400,926
Investments in and advances to unconsolidated entities	7,201,006		7,201,006		6,237,371
Assets held for sale or contribution	1,948,508		1,948,508		720,685
Lease right-of-use assets	110,124		110,124		111,439
Cash and cash equivalents	549,129		549,129		1,088,855
Other assets	$ 269,538		$ 269,538		$ 242,576

Business Segments - Segment R_2

Business Segments - Segment Reporting, Reconciliation of Revenues, Operating Income and Assets (Parenthetical) (Detail) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Strategic Capital [Member] | Europe [Member]
Segment Reporting Information [Line Items]
Goodwill	$ 25.3	$ 25.3

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information - Additional Information (Detail) - USD ($) shares in Millions, $ in Millions	Feb. 04, 2020	Jun. 30, 2020	Jun. 30, 2019	Jan. 31, 2019
Supplemental Cash Flow Information [Line Items]
Lease Right-of-Use assets		$ 2.9	$ 411.4
Lease liabilities		2.9	417.3
Capitalization for equity based compensation expense		13.2	12.1
Interest paid, net of amounts capitalized		168.1	153.2
Cash paid for income taxes, net of refunds		$ 45	$ 39.9
Limited Partners [Member] | Prologis, L.P. [Member] | Common [Member]
Supplemental Cash Flow Information [Line Items]
PLD units redeemed for common shares		0.1	0.5
Unconsolidated Entities [Member]
Supplemental Cash Flow Information [Line Items]
Equity ownership interest received		$ 57.1	$ 235.5
Prologis Brazil Logistics Venture [Member] | Unconsolidated Co-Investment Ventures [Member]
Supplemental Cash Flow Information [Line Items]
Ownership percentage in property fund		20.00%		20.00%
Liberty Transaction [Member]
Supplemental Cash Flow Information [Line Items]
Business acquisition consideration transferred	$ 13,000