Prologis (PLD) 10-Q 8 Aug 22 2022 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2022	Aug. 04, 2022
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2022
Document Fiscal Year Focus	2022
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		740,378,000
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, 2022
Document Fiscal Year Focus	2022
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 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 (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
ASSETS
Investments in real estate properties	$ 55,271,030	$ 53,005,190
Less accumulated depreciation	8,251,995	7,668,187
Net investments in real estate properties	47,019,035	45,337,003
Investments in and advances to unconsolidated entities	8,443,644	8,610,958
Assets held for sale or contribution	403,617	669,688
Net investments in real estate	55,866,296	54,617,649
Cash and cash equivalents	437,515	556,117
Other assets	3,460,006	3,312,454
Total assets	59,763,817	58,486,220
Liabilities:
Debt	18,040,832	17,715,054
Accounts payable and accrued expenses	1,042,086	1,252,767
Other liabilities	1,806,961	1,776,189
Total liabilities	20,889,879	20,744,010
Prologis, Inc. stockholders’ equity:
Series Q preferred stock at stated liquidation preference of $50 per share; $0.01 par value; 1,279 shares issued and outstanding and 100,000 preferred shares authorized at June 30, 2022 and December 31, 2021	63,948	63,948
Common stock; $0.01 par value; 740,360 shares and 739,827 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively	7,404	7,398
Additional paid-in capital	35,573,940	35,561,608
Accumulated other comprehensive loss	(328,761)	(878,253)
Distributions in excess of net earnings	(740,764)	(1,327,828)
Total Prologis, Inc. stockholders’ equity	34,575,767	33,426,873
Noncontrolling interests	4,298,171	4,315,337
Total equity	38,873,938	37,742,210
Total liabilities and equity	59,763,817	58,486,220
Prologis, L.P. [Member]
ASSETS
Investments in real estate properties	55,271,030	53,005,190
Less accumulated depreciation	8,251,995	7,668,187
Net investments in real estate properties	47,019,035	45,337,003
Investments in and advances to unconsolidated entities	8,443,644	8,610,958
Assets held for sale or contribution	403,617	669,688
Net investments in real estate	55,866,296	54,617,649
Cash and cash equivalents	437,515	556,117
Other assets	3,460,006	3,312,454
Total assets	59,763,817	58,486,220
Liabilities:
Debt	18,040,832	17,715,054
Accounts payable and accrued expenses	1,042,086	1,252,767
Other liabilities	1,806,961	1,776,189
Total liabilities	20,889,879	20,744,010
Prologis, Inc. stockholders’ equity:
Noncontrolling interests	3,333,421	3,397,538
Total capital	38,873,938	37,742,210
Total liabilities and equity	59,763,817	58,486,220
Partners’ capital:
Total partners’ capital	35,540,517	34,344,672
Prologis, L.P. [Member] | Preferred [Member]
Partners’ capital:
General partner	63,948	63,948
Prologis, L.P. [Member] | Common [Member]
Partners’ capital:
General partner	34,511,819	33,362,925
Limited partners	590,224	557,097
Prologis, L.P. [Member] | Class A Common [Member]
Partners’ capital:
Limited partners	$ 374,526	$ 360,702

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2022	Dec. 31, 2021
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	1,279,000	1,279,000
Preferred stock, shares outstanding	1,279,000	1,279,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares issued	740,360,000	739,827,000
Common stock, shares outstanding	740,360,000	739,827,000

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues:
Rental		$ 1,093,452	$ 1,014,763	$ 2,170,313	$ 2,036,419
Strategic capital		156,239	129,387	290,164	249,348
Development management and other		2,389	6,692	10,731	13,391
Total revenues		1,252,080	1,150,842	2,471,208	2,299,158
Expenses:
Rental		270,465	245,133	546,139	523,017
Strategic capital		57,052	45,099	108,863	94,549
General and administrative		83,114	74,342	157,760	152,374
Depreciation and amortization		402,313	392,736	798,960	790,311
Other		11,621	7,194	21,210	10,638
Total expenses		824,565	764,504	1,632,932	1,570,889
Operating income before gains on real estate transactions, net		427,515	386,338	838,276	728,269
Gains on dispositions of development properties and land, net		105,802	187,361	316,008	361,004
Gains on other dispositions of investments in real estate, net		0	127,167	584,835	143,790
Operating income		533,317	700,866	1,739,119	1,233,063
Other income (expense):
Earnings from unconsolidated entities, net		79,594	72,419	156,556	139,468
Interest expense		(60,293)	(68,412)	(124,357)	(139,693)
Interest and other income, net		6,227	715	7,280	5,461
Foreign currency and derivative gains (losses), net		138,155	(6,080)	185,511	74,072
Losses on early extinguishment of debt, net		(730)	0	(18,895)	(187,453)
Total other income (expense)		162,953	(1,358)	206,095	(108,145)
Earnings before income taxes		696,270	699,508	1,945,214	1,124,918
Income tax expense		(49,834)	(49,195)	(79,056)	(74,912)
Consolidated net earnings		646,436	650,313	1,866,158	1,050,006
Less net earnings attributable to noncontrolling interests		35,043	50,137	103,980	82,483
Net earnings attributable to controlling interests		611,393	600,176	1,762,178	967,523
Less preferred stock/unit dividends/distributions		1,538	1,551	3,069	3,083
Net earnings attributable to common stockholders/unitholders		$ 609,855	$ 598,625	$ 1,759,109	$ 964,440
Weighted average common shares/units outstanding - Basic		740,637	739,190	740,506	739,105
Weighted average common shares/units outstanding - Diluted	[1]	766,074	764,652	765,859	764,724
Net earnings per share/unit attributable to common stockholders/unitholders - Basic		$ 0.82	$ 0.81	$ 2.38	$ 1.30
Net earnings per share/unit attributable to common stockholders/unitholders - Diluted		$ 0.82	$ 0.81	$ 2.36	$ 1.30
Prologis, L.P. [Member]
Revenues:
Rental		$ 1,093,452	$ 1,014,763	$ 2,170,313	$ 2,036,419
Strategic capital		156,239	129,387	290,164	249,348
Development management and other		2,389	6,692	10,731	13,391
Total revenues		1,252,080	1,150,842	2,471,208	2,299,158
Expenses:
Rental		270,465	245,133	546,139	523,017
Strategic capital		57,052	45,099	108,863	94,549
General and administrative		83,114	74,342	157,760	152,374
Depreciation and amortization		402,313	392,736	798,960	790,311
Other		11,621	7,194	21,210	10,638
Total expenses		824,565	764,504	1,632,932	1,570,889
Operating income before gains on real estate transactions, net		427,515	386,338	838,276	728,269
Gains on dispositions of development properties and land, net		105,802	187,361	316,008	361,004
Gains on other dispositions of investments in real estate, net		0	127,167	584,835	143,790
Operating income		533,317	700,866	1,739,119	1,233,063
Other income (expense):
Earnings from unconsolidated entities, net		79,594	72,419	156,556	139,468
Interest expense		(60,293)	(68,412)	(124,357)	(139,693)
Interest and other income, net		6,227	715	7,280	5,461
Foreign currency and derivative gains (losses), net		138,155	(6,080)	185,511	74,072
Losses on early extinguishment of debt, net		(730)	0	(18,895)	(187,453)
Total other income (expense)		162,953	(1,358)	206,095	(108,145)
Earnings before income taxes		696,270	699,508	1,945,214	1,124,918
Income tax expense		(49,834)	(49,195)	(79,056)	(74,912)
Consolidated net earnings		646,436	650,313	1,866,158	1,050,006
Less net earnings attributable to noncontrolling interests		17,612	33,284	54,278	55,362
Net earnings attributable to controlling interests		628,824	617,029	1,811,880	994,644
Less preferred stock/unit dividends/distributions		1,538	1,551	3,069	3,083
Net earnings attributable to common stockholders/unitholders		$ 627,286	$ 615,478	$ 1,808,811	$ 991,561
Weighted average common shares/units outstanding - Basic		753,610	752,065	753,420	751,883
Weighted average common shares/units outstanding - Diluted		766,074	764,652	765,859	764,724
Net earnings per share/unit attributable to common stockholders/unitholders - Basic		$ 0.82	$ 0.81	$ 2.38	$ 1.30
Net earnings per share/unit attributable to common stockholders/unitholders - Diluted		$ 0.82	$ 0.81	$ 2.36	$ 1.30
[1]Our total weighted average potentially dilutive shares and units outstanding consisted of the following:

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Consolidated net earnings	$ 646,436	$ 650,313	$ 1,866,158	$ 1,050,006
Other comprehensive income (loss):
Foreign currency translation gains (losses), net	332,517	(18,586)	522,040	153,173
Unrealized gains on derivative contracts, net	28,979	4,810	42,328	9,631
Comprehensive income	1,007,932	636,537	2,430,526	1,212,810
Net earnings attributable to noncontrolling interests	(35,043)	(50,137)	(103,980)	(82,483)
Other comprehensive loss (income) attributable to noncontrolling interests	(9,137)	207	(14,876)	(4,185)
Comprehensive income attributable to common stockholders	963,752	586,607	2,311,670	1,126,142
Prologis, L.P. [Member]
Consolidated net earnings	646,436	650,313	1,866,158	1,050,006
Other comprehensive income (loss):
Foreign currency translation gains (losses), net	332,517	(18,586)	522,040	153,173
Unrealized gains on derivative contracts, net	28,979	4,810	42,328	9,631
Comprehensive income	1,007,932	636,537	2,430,526	1,212,810
Net earnings attributable to noncontrolling interests	(17,612)	(33,284)	(54,278)	(55,362)
Other comprehensive loss (income) attributable to noncontrolling interests	640	(319)	485	157
Comprehensive income attributable to common stockholders	$ 990,960	$ 602,934	$ 2,376,733	$ 1,157,605

Consolidated Statements of Equi

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, 2020	$ 36,324,580	$ 63,948	$ 7,394	$ 35,488,634	$ (1,193,739)	$ (2,394,690)	$ 4,353,033
Balance, shares at Dec. 31, 2020			739,381
Consolidated net earnings	1,050,006					967,523	82,483
Effect of equity compensation plans	57,860		$ (5)	13,302			44,563
Effect of equity compensation plans, shares			(420)
Capital contributions	4,361						4,361
Redemption of noncontrolling interests	(105,567)		$ 1	2,595			(108,163)
Redemption of noncontrolling interests, shares			59
Consolidation of other venture	25,759						25,759
Foreign currency translation gains (losses), net	153,173				149,244		3,929
Unrealized gains on derivative contracts, net	9,631				9,375		256
Reallocation of equity				(71,663)			71,663
Dividends and other distributions	(1,038,999)			(25)		(936,181)	(102,793)
Balance at Jun. 30, 2021	36,480,804	63,948	$ 7,390	35,432,843	(1,035,120)	(2,363,348)	4,375,091
Balance, shares at Jun. 30, 2021			739,020
Balance at Mar. 31, 2021	36,385,203	63,948	$ 7,397	35,454,066	(1,021,551)	(2,495,343)	4,376,686
Balance, shares at Mar. 31, 2021			739,746
Consolidated net earnings	650,313					600,176	50,137
Effect of equity compensation plans	26,520		$ (8)	9,263			17,265
Effect of equity compensation plans, shares			(780)
Capital contributions	4,241						4,241
Redemption of noncontrolling interests	(74,195)		$ 1	2,362			(76,558)
Redemption of noncontrolling interests, shares			54
Consolidation of other venture	25,759						25,759
Foreign currency translation gains (losses), net	(18,586)				(18,255)		(331)
Unrealized gains on derivative contracts, net	4,810				4,686		124
Reallocation of equity				(32,847)			32,847
Dividends and other distributions	(523,261)			(1)		(468,181)	(55,079)
Balance at Jun. 30, 2021	36,480,804	63,948	$ 7,390	35,432,843	(1,035,120)	(2,363,348)	4,375,091
Balance, shares at Jun. 30, 2021			739,020
Balance at Dec. 31, 2021	$ 37,742,210	63,948	$ 7,398	35,561,608	(878,253)	(1,327,828)	4,315,337
Balance, shares at Dec. 31, 2021	739,827		739,827
Consolidated net earnings	$ 1,866,158					1,762,178	103,980
Effect of equity compensation plans	81,520		$ 4	21,117			60,399
Effect of equity compensation plans, shares			326
Capital contributions	11,083						11,083
Redemption of noncontrolling interests	(49,988)		$ 2	9,572			(59,562)
Redemption of noncontrolling interests, shares			207
Foreign currency translation gains (losses), net	522,040				508,315		13,725
Unrealized gains on derivative contracts, net	42,328				41,177		1,151
Reallocation of equity				(18,347)			18,347
Dividends and other distributions	(1,341,413)			(10)		(1,175,114)	(166,289)
Balance at Jun. 30, 2022	$ 38,873,938	63,948	$ 7,404	35,573,940	(328,761)	(740,764)	4,298,171
Balance, shares at Jun. 30, 2022	740,360		740,360
Balance at Mar. 31, 2022	$ 38,462,202	63,948	$ 7,402	35,546,263	(681,120)	(764,425)	4,290,134
Balance, shares at Mar. 31, 2022			740,189
Consolidated net earnings	646,436					611,393	35,043
Effect of equity compensation plans	41,353		$ 1	16,900			24,452
Effect of equity compensation plans, shares			36
Capital contributions	10,649						10,649
Redemption of noncontrolling interests	(23,719)		$ 1	6,272			(29,992)
Redemption of noncontrolling interests, shares			135
Foreign currency translation gains (losses), net	332,517				324,163		8,354
Unrealized gains on derivative contracts, net	28,979				28,196		783
Reallocation of equity				4,505			(4,505)
Dividends and other distributions	(624,479)					(587,732)	(36,747)
Balance at Jun. 30, 2022	$ 38,873,938	$ 63,948	$ 7,404	$ 35,573,940	$ (328,761)	$ (740,764)	$ 4,298,171
Balance, shares at Jun. 30, 2022	740,360		740,360

Consolidated Statements of Eq_2

Consolidated Statements of Equity (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement Of Stockholders Equity [Abstract]
Dividends per common share	$ 0.79	$ 0.63	$ 1.58	$ 1.26

Consolidated Statements of Cash

Consolidated Statements of Cash Flows(Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Operating activities:
Consolidated net earnings	$ 1,866,158	$ 1,050,006
Adjustments to reconcile net earnings to net cash provided by operating activities:
Straight-lined rents and amortization of above and below market leases	(72,666)	(72,910)
Equity-based compensation awards	78,352	58,521
Depreciation and amortization	798,960	790,311
Earnings from unconsolidated entities, net	(156,556)	(139,468)
Operating distributions from unconsolidated entities	192,210	196,751
Decrease (increase) in operating receivables from unconsolidated entities	(34,951)	6,585
Amortization of debt discounts and debt issuance costs, net	4,275	4,168
Gains on dispositions of development properties and land, net	(316,008)	(361,004)
Gains on other dispositions of investments in real estate, net	(584,835)	(143,790)
Unrealized foreign currency and derivative gains, net	(154,965)	(83,382)
Losses on early extinguishment of debt, net	18,895	187,453
Deferred income tax expense	17,557	13,858
Decrease in accounts receivable and other assets	99,859	5,383
Decrease in accounts payable and accrued expenses and other liabilities	(110,808)	(46,579)
Net cash provided by operating activities	1,645,477	1,465,903
Investing activities:
Real estate development	(1,462,010)	(997,328)
Real estate acquisitions	(1,869,426)	(830,574)
Tenant improvements and lease commissions on previously leased space	(175,480)	(148,037)
Property improvements	(55,816)	(41,129)
Proceeds from dispositions and contributions of real estate	1,653,597	1,829,576
Investments in and advances to unconsolidated entities	(112,848)	(366,644)
Return of investment from unconsolidated entities	37,252	46,135
Proceeds from the settlement of net investment hedges	26,487	0
Payments on the settlement of net investment hedges	(771)	(8,000)
Net cash used in investing activities	(1,959,015)	(516,001)
Financing activities:
Proceeds from issuance of common stock/units	0	743
Dividends/distributions paid on common and preferred stock/units	(1,175,114)	(936,181)
Noncontrolling interests contributions	11,083	4,361
Noncontrolling interests distributions	(166,289)	(102,793)
Settlement of noncontrolling interests	(49,988)	(105,567)
Tax paid with shares withheld	(23,970)	(17,472)
Debt and equity issuance costs paid	(28,119)	(20,483)
Net proceeds from (payments on) credit facilities	127,454	(170,230)
Repurchase of and payments on debt	(751,114)	(2,185,209)
Proceeds from the issuance of debt	2,285,021	2,617,854
Net cash provided by (used in) financing activities	228,964	(914,977)
Effect of foreign currency exchange rate changes on cash	(34,028)	(31,565)
Net increase (decrease) in cash and cash equivalents	(118,602)	3,360
Cash and cash equivalents, beginning of period	556,117	598,086
Cash and cash equivalents, end of period	437,515	601,446
Prologis, L.P. [Member]
Operating activities:
Consolidated net earnings	1,866,158	1,050,006
Adjustments to reconcile net earnings to net cash provided by operating activities:
Straight-lined rents and amortization of above and below market leases	(72,666)	(72,910)
Equity-based compensation awards	78,352	58,521
Depreciation and amortization	798,960	790,311
Earnings from unconsolidated entities, net	(156,556)	(139,468)
Operating distributions from unconsolidated entities	192,210	196,751
Decrease (increase) in operating receivables from unconsolidated entities	(34,951)	6,585
Amortization of debt discounts and debt issuance costs, net	4,275	4,168
Gains on dispositions of development properties and land, net	(316,008)	(361,004)
Gains on other dispositions of investments in real estate, net	(584,835)	(143,790)
Unrealized foreign currency and derivative gains, net	(154,965)	(83,382)
Losses on early extinguishment of debt, net	18,895	187,453
Deferred income tax expense	17,557	13,858
Decrease in accounts receivable and other assets	99,859	5,383
Decrease in accounts payable and accrued expenses and other liabilities	(110,808)	(46,579)
Net cash provided by operating activities	1,645,477	1,465,903
Investing activities:
Real estate development	(1,462,010)	(997,328)
Real estate acquisitions	(1,869,426)	(830,574)
Tenant improvements and lease commissions on previously leased space	(175,480)	(148,037)
Property improvements	(55,816)	(41,129)
Proceeds from dispositions and contributions of real estate	1,653,597	1,829,576
Investments in and advances to unconsolidated entities	(112,848)	(366,644)
Return of investment from unconsolidated entities	37,252	46,135
Proceeds from the settlement of net investment hedges	26,487	0
Payments on the settlement of net investment hedges	(771)	(8,000)
Net cash used in investing activities	(1,959,015)	(516,001)
Financing activities:
Proceeds from issuance of common stock/units	0	743
Dividends/distributions paid on common and preferred stock/units	(1,212,410)	(967,921)
Noncontrolling interests contributions	11,083	4,361
Noncontrolling interests distributions	(128,993)	(71,053)
Redemption of common limited partnership units	(49,988)	(105,567)
Tax paid for shares of the Parent withheld	(23,970)	(17,472)
Debt and equity issuance costs paid	(28,119)	(20,483)
Net proceeds from (payments on) credit facilities	127,454	(170,230)
Repurchase of and payments on debt	(751,114)	(2,185,209)
Proceeds from the issuance of debt	2,285,021	2,617,854
Net cash provided by (used in) financing activities	228,964	(914,977)
Effect of foreign currency exchange rate changes on cash	(34,028)	(31,565)
Net increase (decrease) in cash and cash equivalents	(118,602)	3,360
Cash and cash equivalents, beginning of period	556,117	598,086
Cash and cash equivalents, end of period	$ 437,515	$ 601,446

Consolidated Statements of Capi

Consolidated Statements of Capital - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Consolidated net earnings	$ 646,436	$ 650,313	$ 1,866,158	$ 1,050,006
Effect of equity compensation plans	41,353	26,520	81,520	57,860
Capital contributions	10,649	4,241	11,083	4,361
Consolidation of other venture		25,759		25,759
Unrealized gains on derivative contracts, net	28,979	4,810	42,328	9,631
Noncontrolling Interests [Member]
Consolidated net earnings	35,043	50,137	103,980	82,483
Effect of equity compensation plans	24,452	17,265	60,399	44,563
Capital contributions	10,649	4,241	11,083	4,361
Consolidation of other venture		25,759		25,759
Unrealized gains on derivative contracts, net	783	124	1,151	256
Reallocation of equity	$ (4,505)	32,847	$ 18,347	71,663
Class A Common [Member]
Beginning balance, Units			8,600
Ending balance, Units	8,600		8,600
Prologis, L.P. [Member]
Beginning balance	$ 38,462,202	36,385,203	$ 37,742,210	36,324,580
Consolidated net earnings	646,436	650,313	1,866,158	1,050,006
Effect of equity compensation plans	41,353	26,520	81,520	57,860
Capital contributions	10,649	4,241	11,083	4,361
Redemption of limited partners units	(23,719)	(74,195)	(49,988)	(105,567)
Consolidation of other venture		25,759		25,759
Foreign currency translation gains (losses), net	332,517	(18,586)	522,040	153,173
Unrealized gains on derivative contracts, net	28,979	4,810	42,328	9,631
Distributions and other	(624,479)	(523,261)	(1,341,413)	(1,038,999)
Ending balance	38,873,938	36,480,804	38,873,938	36,480,804
Prologis, L.P. [Member] | Noncontrolling Interests [Member]
Beginning balance	3,324,050	3,473,462	3,397,538	3,483,526
Consolidated net earnings	17,612	33,284	54,278	55,362
Capital contributions	10,649	4,241	11,083	4,361
Consolidation of other venture		25,759		25,759
Foreign currency translation gains (losses), net	(640)	319	(485)	(157)
Distributions and other	(18,250)	(39,267)	(128,993)	(71,053)
Ending balance	3,333,421	3,497,798	3,333,421	3,497,798
Prologis, L.P. [Member] | Preferred [Member] | General Partner
Beginning balance	$ 63,948	$ 63,948	$ 63,948	$ 63,948
Beginning balance, Units	1,279	1,279	1,279	1,279
Ending balance	$ 63,948	$ 63,948	$ 63,948	$ 63,948
Ending balance, Units	1,279	1,279	1,279	1,279
Prologis, L.P. [Member] | Common [Member] | General Partner
Beginning balance	$ 34,108,120	$ 31,944,569	$ 33,362,925	$ 31,907,599
Beginning balance, Units	740,189	739,746	739,827	739,381
Consolidated net earnings	$ 611,393	$ 600,176	$ 1,762,178	$ 967,523
Effect of equity compensation plans	$ 16,901	$ 9,255	$ 21,121	$ 13,297
Effect of equity compensation plans, units	36	(780)	326	(420)
Redemption of limited partners units	$ 6,273	$ 2,363	$ 9,574	$ 2,596
Redemption of limited partners units, units	135	54	207	59
Foreign currency translation gains (losses), net	$ 324,163	$ (18,255)	$ 508,315	$ 149,244
Unrealized gains on derivative contracts, net	28,196	4,686	41,177	9,375
Reallocation of equity	4,505	(32,847)	(18,347)	(71,663)
Distributions and other	(587,732)	(468,182)	(1,175,124)	(936,206)
Ending balance	$ 34,511,819	$ 32,041,765	$ 34,511,819	$ 32,041,765
Ending balance, Units	740,360	739,020	740,360	739,020
Prologis, L.P. [Member] | Common [Member] | Limited Partners [Member]
Beginning balance	$ 596,682	$ 555,176	$ 557,097	$ 523,954
Beginning balance, Units	12,949	12,856	12,354	12,142
Consolidated net earnings	$ 10,823	$ 10,397	$ 30,679	$ 16,674
Effect of equity compensation plans	$ 24,452	$ 17,265	$ 60,399	$ 44,563
Effect of equity compensation plans, units	1	30	838	1,085
Redemption of limited partners units	$ (29,992)	$ (76,558)	$ (59,562)	$ (108,163)
Redemption of limited partners units, units	(288)	(655)	(530)	(996)
Foreign currency translation gains (losses), net	$ 5,472	$ (441)	$ 8,694	$ 2,470
Unrealized gains on derivative contracts, net	477	74	704	155
Reallocation of equity	(4,752)	34,667	18,392	71,297
Distributions and other	(12,938)	(10,254)	(26,179)	(20,624)
Ending balance	$ 590,224	$ 530,326	$ 590,224	$ 530,326
Ending balance, Units	12,662	12,231	12,662	12,231
Prologis, L.P. [Member] | Class A Common [Member] | Limited Partners [Member]
Beginning balance	$ 369,402	$ 348,048	$ 360,702	$ 345,553
Beginning balance, Units	8,595	8,595	8,595	8,595
Consolidated net earnings	$ 6,608	$ 6,456	$ 19,023	$ 10,447
Foreign currency translation gains (losses), net	3,522	(209)	5,516	1,616
Unrealized gains on derivative contracts, net	306	50	447	101
Reallocation of equity	247	(1,820)	(45)	366
Distributions and other	(5,559)	(5,558)	(11,117)	(11,116)
Ending balance	$ 374,526	$ 346,967	$ 374,526	$ 346,967
Ending balance, Units	8,595	8,595	8,595	8,595

Consolidated Statements of Ca_2

Consolidated Statements of Capital (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement Of Partners Capital [Abstract]
Distributions per common unit	$ 0.79	$ 0.63	$ 1.58	$ 1.26

General

General	6 Months Ended
	Jun. 30, 2022
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” or “IRC”), 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 10 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, 2022, the Parent owned a 97.28% common general partnership interest in the OP and substantially all of the preferred units in the OP. The remaining 2.72% common limited partnership interests, which include 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. 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, 2021, as filed with the SEC, and other public information. Accounting Pronouncements. Reference Rate Reform. In March 2020, the Financial Accounting Standards Board 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 (“SOFR”). We refer to this transition as “reference rate reform.” The ASU was effective upon issuance on a prospective basis beginning January 1, 2020, and we elected to adopt the ASU over time as our reference rate reform activities occurred. In March 2021, the Financial Conduct Authority formally announced that the publication of LIBOR was ending and confirmed that U.S. dollar LIBOR-indexed rates would cease to be published after June 30, 2023. In June 2022, we modified the base rate of the aggregate lender commitments in U.S. dollars from U.S. dollar LIBOR to SOFR for both of our global senior credit facilities. See Note 5 for more information on these modifications. There was no material impact on our Consolidated Financial Statements due to the adoption of this ASU. We do not anticipate modifying any derivative financial instruments, as none are impacted by this ASU at June 30, 2022. Proposed Merger. On June 11, 2022, we entered into a definitive agreement (the “Merger Agreement”) with Duke Realty Corporation (“Duke Realty”) and Duke Realty Limited Partnership. The purchase price consideration will be determined on the closing date as this is a stock-for-stock transaction based upon a fixed exchange ratio. The estimated acquisition price is approximately $25.5 billion including the assumption of debt. The transaction is subject to approval by the stockholders of Prologis and the shareholders of Duke Realty and other closing conditions and is expected to be consummated in the fourth quarter of 2022.

Real Estate

Real Estate	6 Months Ended
	Jun. 30, 2022
Real Estate [Abstract]
Real Estate	NOTE 2. 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, 2022 2021 2022 2021 2022 2021 Operating properties: Buildings and improvements 455,186 444,413 2,350 2,310 $ 33,071,616 $ 32,159,514 Improved land 12,636,656 12,294,246 Development portfolio, including land costs: Prestabilized 11,120 6,325 28 16 1,198,958 710,091 Properties under development 33,476 28,638 99 83 2,266,480 2,019,249 Land (1) 2,855,734 2,519,590 Other real estate investments (2) 3,241,586 3,302,500 Total investments in real estate properties 55,271,030 53,005,190 Less accumulated depreciation 8,251,995 7,668,187 Net investments in real estate properties $ 47,019,035 $ 45,337,003 (1) At June 30, 2022 and December 31, 2021, our land was comprised of 6,114 and 6,227 acres, respectively. (2) Included in other real estate investments were: (i) non-strategic real estate assets acquired that we do not intend to operate long-term; (ii) land parcels we own and lease to third parties; (iii) non-industrial real estate assets that we intend to redevelop into industrial properties; and (iv) costs associated with potential acquisitions and future development projects, including purchase options on land. Acquisitions The following table summarizes our real estate acquisition activity (dollars and square feet in thousands): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Number of operating properties 12 10 13 11 Square feet 1,491 2,088 1,794 2,113 Acquisition cost of net investments in real estate, excluding land and other real estate investments $ 181,881 $ 284,106 $ 264,082 $ 289,149 Acres of land 628 445 1,206 706 Acquisition cost of land $ 801,860 $ 351,709 $ 984,144 $ 575,716 Acquisition cost of other real estate investments $ 379,803 $ 173,807 $ 603,214 $ 173,807 Dispositions The following table summarizes our dispositions of net investments in real estate which include contributions to unconsolidated co-investment ventures and dispositions to third parties (dollars and square feet in thousands): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Dispositions of development properties and land, net (1) Number of properties 4 11 11 19 Square feet 1,180 5,174 3,763 9,461 Net proceeds $ 235,194 $ 676,387 $ 677,749 $ 1,446,200 Gains on dispositions of development properties and land, net $ 105,802 $ 187,361 $ 316,008 $ 361,004 Other dispositions of investments in real estate, net Number of properties - 42 102 43 Square feet - 5,778 8,676 6,254 Net proceeds $ - $ 572,430 $ 1,264,280 $ 595,772 Gains on other dispositions of investments in real estate, net $ - $ 127,167 $ 584,835 $ 143,790 (1) The gains we recognize in Gains on Dispositions of Development Properties and Land, Net are primarily driven by the contribution of newly developed properties to our unconsolidated co-investment ventures and occasionally sales to a third party. Leases We recognized lease right-of-use assets of $492.1 million and $459.4 million within Other Assets and lease liabilities of $483.7 million and $448.4 million within Other Liabilities , for land and office space leases in which we are the lessee, on the Consolidated Balance Sheets at June 30, 2022 and December 31, 2021, respectively.

Unconsolidated Entities

Unconsolidated Entities	6 Months Ended
	Jun. 30, 2022
Equity Method Investments And Joint Ventures [Abstract]
Unconsolidated Entities	NOTE 3. 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 management 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 accounted for using the equity method of accounting. See Note 6 for more detail regarding our consolidated investments that are not wholly owned. We also have investments in other ventures, generally with one partner, 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 unconsolidated entities (in thousands): June 30, December 31, 2022 2021 Unconsolidated co-investment ventures $ 7,669,680 $ 7,825,455 Other ventures 773,964 785,503 Total $ 8,443,644 $ 8,610,958 Unconsolidated Co-Investment Ventures The following table summarizes the Strategic Capital Revenues Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Recurring fees $ 115,806 $ 96,845 $ 229,043 $ 187,882 Transactional fees 17,519 18,199 34,748 39,077 Promote revenue 19,514 10,636 19,514 12,251 Total strategic capital revenues from unconsolidated co-investment ventures (1) $ 152,839 $ 125,680 $ 283,305 $ 239,210 (1) 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 on a U.S. GAAP basis (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 (1) Europe Asia Total At: Jun 30, 2022 Dec 31, 2021 Jun 30, 2022 Dec 31, 2021 Jun 30, 2022 Dec 31, 2021 Jun 30, 2022 Dec 31, 2021 Jun 30, 2022 Dec 31, 2021 Key property information: Ventures 1 1 2 2 2 2 3 3 8 8 Operating properties 732 732 260 254 843 818 205 203 2,040 2,007 Square feet 123 122 58 56 205 198 82 82 468 458 Financial position: Total assets ($) 11,614 11,619 3,548 3,349 18,281 18,373 9,513 10,746 42,956 44,087 Third-party debt ($) 3,069 3,069 1,151 1,052 3,990 3,737 3,685 4,157 11,895 12,015 Total liabilities ($) 3,724 3,717 1,261 1,116 5,935 5,619 4,115 4,685 15,035 15,137 Our investment balance ($) (2) 2,390 2,393 865 840 3,665 3,712 750 880 7,670 7,825 Our weighted average ownership (3) 26.9 % 27.0 % 40.4 % 40.8 % 31.0 % 30.9 % 15.1 % 15.1 % 27.2 % 26.9 % U.S. Other Americas (1) Europe Asia Total Operating Information: Jun 30, 2022 Jun 30, 2021 Jun 30, 2022 Jun 30, 2021 Jun 30, 2022 Jun 30, 2021 Jun 30, 2022 Jun 30, 2021 Jun 30, 2022 Jun 30, 2021 For the three months ended: Total revenues ($) 291 257 96 78 354 343 157 160 898 838 Net earnings ($) 68 54 31 28 127 82 32 36 258 200 Our earnings from unconsolidated co-investment ventures, net ($) 19 15 10 10 39 26 5 6 73 57 For the six months ended: Total revenues ($) 577 511 185 153 710 681 326 319 1,798 1,664 Net earnings ($) 140 103 64 58 231 169 66 71 501 401 Our earnings from unconsolidated co-investment ventures, net ($) 38 28 22 22 70 54 11 12 141 116 (1) Prologis Brazil Logistics Venture (“PBLV”) and our other Brazilian joint ventures are combined as one venture for the purpose of this table. (2) Prologis’ investment balance is presented at our adjusted basis. The difference between our ownership interest of a venture’s equity and our investment balance at June 30, 2022 and December 31, 2021, 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 ($193.2 million and $149.5 million, respectively); and (iv) customer security deposits retained subsequent to property contributions to Nippon Prologis REIT, Inc. (3) 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, 2022, our outstanding equity commitments were $290.1 million, principally for Prologis China Logistics Venture. The equity commitments expire from 2023 to 2028 if they have not been previously called. Typically, equity commitments are used for future development and acquisitions in the unconsolidated co-investment ventures.

Assets Held for Sale or Contrib

Assets Held for Sale or Contribution	6 Months Ended
	Jun. 30, 2022
Real Estate Assets Held For Development And Sale [Abstract]
Assets Held for Sale or Contribution	NOTE 4. ASSETS HELD FOR SALE OR CONTRIBUTION We had investments in certain real estate properties that met the criteria to be classified as held for sale or contribution at June 30, 2022 and December 31, 2021. 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 consisted of the following (dollars and square feet in thousands): June 30, December 31, 2022 2021 Number of operating properties 12 14 Square feet 2,208 5,486 Total assets held for sale or contribution $ 403,617 $ 669,688 Total liabilities associated with assets held for sale or contribution – included in Other Liabilities $ 4,055 $ 10,631

Debt

Debt	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Debt	NOTE 5. DEBT All debt is incurred by the OP or its consolidated subsidiaries. The following table summarizes our debt (dollars in thousands): June 30, 2022 December 31, 2021 Weighted Average Amount Weighted Average Amount Interest Rate (1) Term (2) Outstanding (3) Interest Rate (1) Term (2) Outstanding (3) Credit facilities 1.2% 2.2 $ 612,267 0.8% 1.6 $ 491,393 Senior notes 1.6% 11.0 15,546,790 1.7% 11.6 14,981,690 Term loans and unsecured other 1.0% 5.6 1,362,293 0.5% 4.2 1,825,195 Secured mortgage 2.4% 3.6 519,482 5.1% 4.7 416,776 Total 1.6% 10.1 $ 18,040,832 1.6% 10.4 $ 17,715,054 (1) The weighted average interest rates presented represent the effective interest rates (including amortization of debt issuance costs and 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 fix the interest rate on certain variable rate debt. (2) The weighted average term represents the remaining maturity in years on the debt outstanding at period end. (3) 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, 2022 December 31, 2021 Weighted Average Interest Rate Amount Outstanding % of Total Weighted Average Interest Rate Amount Outstanding % of Total British pound sterling 2.1 % $ 1,248,276 6.9 % 2.1 % $ 1,376,807 7.8 % Canadian dollar 3.0 % 513,615 2.8 % 2.7 % 283,773 1.6 % Euro 1.1 % 8,069,667 44.7 % 1.0 % 7,408,407 41.8 % Japanese yen 0.8 % 2,773,102 15.4 % 0.9 % 2,878,542 16.2 % U.S. dollar 2.5 % 5,436,172 30.2 % 2.6 % 5,767,525 32.6 % Total 1.6 % $ 18,040,832 100.0 % 1.6 % $ 17,715,054 100.0 % Credit Facilities In June, we terminated our global senior credit facility (the “2019 Global Facility”) and entered into the 2022 Global Facility with a borrowing capacity of up to $3.0 billion (subject to currency fluctuation). We also upsized our second global senior credit facility (the “2021 Global Facility”), increasing its borrowing capacity up to $2.0 billion (subject to currency fluctuation). We may draw on both facilities in British pounds sterling, Canadian dollars, euro, Japanese yen, Mexican pesos The 2021 Global Facility is scheduled to initially mature in April 2024 and the 2022 Global Facility in June 2026; however, we can extend the maturity date for each facility by six months on two occasions, subject to the payment of extension fees. We have the ability to increase the 2021 Global Facility to $2.5 billion and the 2022 Global Facility to $4.0 billion, subject to currency fluctuations and obtaining additional lender commitments. We also have a Japanese yen revolver (the “Yen Credit Facility”) with total commitments of ¥55.0 billion ($403.6 million at June 30, 2022). We have the ability to increase the borrowing capacity of the Yen Credit Facility to ¥75.0 billion ($550.4 million at June 30, 2022), subject to obtaining additional lender commitments. The Yen Credit Facility is initially scheduled to mature in July 2024; however, we may extend the maturity date for one year, subject to the payment of extension fees. We refer to the 2021 Global Facility, the 2022 Global Facility and the Yen Credit Facility, collectively, as our “Credit Facilities.” Pricing for the Credit Facilities, including the spread over the applicable benchmark and the rates applicable to facility fees and letter of credit fees, varies based on the public debt ratings of the OP. Liquidity The following table summarizes information about our available liquidity at June 30, 2022 Aggregate lender commitments Credit Facilities $ 5,380 Less: Borrowings outstanding 612 Outstanding letters of credit 27 Current availability $ 4,741 Cash and cash equivalents 438 Total liquidity $ 5,179 Senior Notes The following table summarizes the issuances of senior notes during the six months ended June 30, 2022 (principal in thousands): Aggregate Principal Issuance Date Weighted Average Issuance Date Borrowing Currency USD (1) Interest Rate (2) Term (3) Maturity Dates January £ 60,000 $ 80,932 2.1% 20.0 December 2041 February (4) € 1,550,000 $ 1,768,240 1.0% 8.5 February 2024 – 2034 Total $ 1,849,172 1.1% 9.0 (1) The exchange rate used to calculate into U.S. dollars was the spot rate at the settlement date. (2) The weighted average interest rate represents the fixed or variable interest rates of the related debt at the issuance date. (3) The weighted average term represents the remaining maturity in years on the related debt at the issuance date. (4) Net proceeds from the issuance of these notes were used to finance green projects eligible under our green bond framework, repay or refinance indebtedness and for general corporate purposes. Long-Term Debt Maturities Scheduled principal payments due on our debt for the remainder of 2022 and for each year through the period ended December 31, 2026, and thereafter were as follows at June 30, 2022 (in thousands): Unsecured Credit Senior Term Loans Secured Maturity Facilities Notes and Other Mortgage Total 2022 (1) $ - $ 311,610 $ 9,239 $ 3,691 $ 324,540 2023 (1) - - 131,921 186,875 318,796 2024 (2) 496,294 311,610 - 99,248 907,152 2025 - 36,693 - 142,415 179,108 2026 (3) 115,973 919,229 623,778 3,466 1,662,446 Thereafter - 14,049,349 601,763 74,629 14,725,741 Subtotal 612,267 15,628,491 1,366,701 510,324 18,117,783 Unamortized premiums (discounts), net - (4,832 ) - 10,033 5,201 Unamortized debt issuance costs, net - (76,869 ) (4,408 ) (875 ) (82,152 ) Total $ 612,267 $ 15,546,790 $ 1,362,293 $ 519,482 $ 18,040,832 (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 additional borrowings. (2) Included in the 2024 maturities is the 2021 Global Facility that can be extended until 2025. (3) Included in the 2026 maturities is the 2022 Global Facility that can be extended until 2027. Financial Debt Covenants Our senior notes, term loans and Credit Facilities outstanding at June 30, 2022 were subject to certain financial covenants under their related documents. At June 30, 2022, 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 13-01 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.

Noncontrolling Interests

Noncontrolling Interests	6 Months Ended
	Jun. 30, 2022
Noncontrolling Interest [Abstract]
Noncontrolling Interests	NOTE 6. NONCONTROLLING INTERESTS Prologis, L.P. We report noncontrolling interests related to several entities we consolidate but of which we do not own 100% of the equity. These entities include two real estate partnerships that have issued limited partnership units to third parties. Depending on the specific partnership agreements, these limited partnership units are redeemable for cash or, at our option, shares of the Parent’s common stock, generally at a rate of one share of common stock to one 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 these entities (dollars in thousands): Our Ownership Percentage Noncontrolling Interests Total Assets Total Liabilities Jun 30, 2022 Dec 31, 2021 Jun 30, 2022 Dec 31, 2021 Jun 30, 2022 Dec 31, 2021 Jun 30, 2022 Dec 31, 2021 Prologis U.S. Logistics Venture 55.0 % 55.0 % $ 3,204,880 $ 3,264,337 $ 7,253,495 $ 7,397,195 $ 139,521 $ 147,545 Other consolidated entities (1) various various 128,541 133,201 1,482,754 1,453,236 162,254 162,598 Prologis, L.P. 3,333,421 3,397,538 8,736,249 8,850,431 301,775 310,143 Limited partners in Prologis, L.P. (2)(3) 964,750 917,799 - - - - Prologis, Inc. $ 4,298,171 $ 4,315,337 $ 8,736,249 $ 8,850,431 $ 301,775 $ 310,143 (1) Includes 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, 2022 and December 31, 2021 were exchangeable into cash or, at our option, 0.3 million shares of the Parent’s common stock. (2) We had 8.6 million Class A Units that were convertible into 8.0 million limited partnership units of the OP at June 30, 2022 and December 31, 2021. (3) There were limited partnership units in the OP, excluding the Class A Units, that were exchangeable into cash or, at our option, 8.3 million and 8.4 million shares of the Parent’s common stock, at June 30, 2022 and December 31, 2021, respectively. Also included are the vested OP Long-Term Incentive Plan Units (“LTIP Units”) associated with our long-term compensation plans of 4.4 million and 4.0 million shares of the Parent’s common stock at June 30, 2022 and December 31, 2021, respectively. See further discussion of LTIP Units in Note 7.

Long-Term Compensation

Long-Term Compensation	6 Months Ended
	Jun. 30, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Long-Term Compensation	NOTE 7. LONG-TERM COMPENSATION Equity-Based Compensation Plans and Programs Prologis Outperformance Plan (“POP”) We have allocated 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 by each performance period. POP awards cannot be paid at a time when we meet the outperformance hurdle yet our absolute TSR is negative. If after seven years our absolute TSR has not been positive, the awards will be forfeited We granted participation points for the 2022 – 2024 performance period in January 2022, with a fair value of $30.4 million using a Monte Carlo valuation model that assumed a risk-free interest rate of 1.0% and an expected volatility of 31.0% for Prologis and 29.0% for the MSCI US REIT Index. The 2022 – 2024 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 at the end of the initial performance period and the remaining 80% is subject to additional seven-year three-year three-year The Outperformance Hurdle was met for the 2019 – 2021 performance period, which resulted in awards of $100.0 million being earned at December 31, 2021 and awarded in January 2022. Additionally, awards of $35.7 million were earned at December 31, 2021 and awarded in January 2022 for prior performance periods related to the compensation pool in excess of the initial award based on the terms of the POP awards granted prior to 2018. The tables below include POP awards that were earned but are unvested, while any vested awards are reflected within the Consolidated Statements of Equity and Capital. The initial grant date fair value derived using a Monte Carlo valuation model was used in determining the grant date fair value per unit in the tables below. 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 restricted stock units (“RSUs”) or LTIP Units at the 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, 2022 (units in thousands): Weighted Average Unvested RSUs Grant Date Fair Value Balance at January 1, 2022 1,237 $ 87.87 Granted 522 121.63 Vested and distributed (396 ) 91.68 Forfeited (22 ) 113.23 Balance at June 30, 2022 1,341 $ 99.47 LTIP Units The following table summarizes the activity for LTIP Units for the six months ended June 30, 2022 (units in thousands): Unvested Weighted Average LTIP Units Grant Date Fair Value Balance at January 1, 2022 3,317 $ 61.65 Granted 988 95.90 Vested LTIP Units (707 ) 86.90 Balance at June 30, 2022 3,598 $ 66.08

Earnings Per Common Share or Un

Earnings Per Common Share or Unit	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Common Share or Unit	NOTE 8. 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. 2022 2021 2022 2021 Net earnings attributable to common stockholders – Basic $ 609,855 $ 598,625 $ 1,759,109 $ 964,440 Net earnings attributable to exchangeable limited partnership units (1) 17,518 16,921 49,856 27,241 Adjusted net earnings attributable to common stockholders – Diluted $ 627,373 $ 615,546 $ 1,808,965 $ 991,681 Weighted average common shares outstanding – Basic 740,637 739,190 740,506 739,105 Incremental weighted average effect on exchange of limited partnership units (1) 21,289 21,179 21,221 21,084 Incremental weighted average effect of equity awards 4,148 4,283 4,132 4,535 Weighted average common shares outstanding – Diluted (2) 766,074 764,652 765,859 764,724 Net earnings per share attributable to common stockholders: Basic $ 0.82 $ 0.81 $ 2.38 $ 1.30 Diluted $ 0.82 $ 0.81 $ 2.36 $ 1.30 Three Months Ended Six Months Ended June 30, June 30, Prologis, L.P. 2022 2021 2022 2021 Net earnings attributable to common unitholders $ 627,286 $ 615,478 $ 1,808,811 $ 991,561 Net earnings attributable to Class A Units (6,608 ) (6,456 ) (19,023 ) (10,447 ) Net earnings attributable to common unitholders – Basic 620,678 609,022 1,789,788 981,114 Net earnings attributable to Class A Units 6,608 6,456 19,023 10,447 Net earnings attributable to exchangeable other limited partnership units 87 68 154 120 Adjusted net earnings attributable to common unitholders – Diluted $ 627,373 $ 615,546 $ 1,808,965 $ 991,681 Weighted average common partnership units outstanding – Basic 753,610 752,065 753,420 751,883 Incremental weighted average effect on exchange of Class A Units 8,017 8,005 8,008 8,006 Incremental weighted average effect on exchange of other limited partnership units 299 299 299 299 Incremental weighted average effect of equity awards of Prologis, Inc. 4,148 4,283 4,132 4,536 Weighted average common units outstanding – Diluted (2) 766,074 764,652 765,859 764,724 Net earnings per unit attributable to common unitholders: Basic $ 0.82 $ 0.81 $ 2.38 $ 1.30 Diluted $ 0.82 $ 0.81 $ 2.36 $ 1.30 (1) 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, 2022 2021 2022 2021 Class A Units 8,017 8,005 8,008 8,006 Other limited partnership units 299 299 299 299 Equity awards 6,353 6,471 6,219 6,812 Prologis, L.P. 14,669 14,775 14,526 15,117 Common limited partnership units 12,973 12,875 12,914 12,779 Prologis, Inc. 27,642 27,650 27,440 27,896

Financial Instruments and Fair

Financial Instruments and Fair Value Measurements	6 Months Ended
	Jun. 30, 2022
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Financial Instruments and Fair Value Measurements	NOTE 9. 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, 2021. The following table presents the fair value of our derivative financial instruments recognized within Other Assets Other Liabilities June 30, 2022 December 31, 2021 Asset Liability Asset Liability Undesignated derivatives Foreign currency contracts Forwards Brazilian real $ 34 $ 619 $ 664 $ - British pound sterling 28,117 - 5,361 3,492 Canadian dollar 4,093 497 2,856 1,790 Chinese renminbi 388 73 - 550 Euro 92,261 - 40,484 136 Japanese yen 51,360 - 23,341 - Swedish krona 9,746 - 3,773 201 Designated derivatives Foreign currency contracts Net investment hedges British pound sterling 40,342 - 9,158 2,683 Canadian dollar 6,706 1,818 5,410 823 Interest rate swaps Cash flow hedges Euro 25,107 - - - Total fair value of derivatives $ 258,154 $ 3,007 $ 91,047 $ 9,675 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): 2022 2021 CAD EUR GBP JPY Other Total CAD EUR GBP JPY Other Total Notional amounts at January 1 ($) 175 749 383 250 105 1,662 163 474 207 252 66 1,162 New contracts ($) 61 604 161 113 81 1,020 173 228 110 62 21 594 Matured, expired or settled contracts ($) (34 ) (230 ) 16 (50 ) (19 ) (317 ) (61 ) (78 ) (69 ) (38 ) (16 ) (262 ) Notional amounts at June 30 ($) 202 1,123 560 313 167 2,365 275 624 248 276 71 1,494 Weighted average forward rate at June 30 1.27 1.17 1.11 106.59 1.27 1.23 1.36 102.99 Active contracts at June 30 85 107 82 97 67 81 63 72 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, 2022 2021 2022 2021 Exercised contracts 37 49 69 74 Realized gains (losses) on the matured, expired or settled contracts $ 15 $ (8 ) $ 30 $ (9 ) Unrealized gains on the change in fair value of outstanding contracts $ 88 $ 2 $ 103 $ 40 Designated Derivative Financial Instruments Changes in the fair value of derivatives that are designated as net investment hedges of our foreign operations and cash flow hedges are recorded in Accumulated Other Comprehensive Income (Loss) (“AOCI/L”) 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 2022 2021 BRL CAD GBP Total CAD GBP Total Notional amounts at January 1 ($) - 535 432 967 377 135 512 New contracts ($) 44 488 317 849 419 300 719 Matured, expired or settled contracts ($) (44 ) (419 ) (200 ) (663 ) (125 ) - (125 ) Notional amounts at June 30 ($) - 604 549 1,153 671 435 1,106 Weighted average forward rate at June 30 - 1.28 1.32 1.27 1.38 Active contracts at June 30 - 7 5 8 4 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 2022 2021 EUR Total EUR USD Total Notional amounts at January 1 ($) 165 165 165 250 415 New contracts ($) 1,004 1,004 - - - Matured, expired or settled contracts ($) (722 ) (722 ) - (250 ) (250 ) Notional amounts at June 30 ($) 447 447 165 - 165 Designated Nonderivative Financial Instruments The following table summarizes our debt and accrued interest, designated as a hedge of our net investment in international subsidiaries at the quarter ended (in millions): June 30, 2022 December 31, 2021 British pound sterling $ 1,303 $ 624 The following table summarizes the unrealized gains (losses) in Foreign Currency and Derivative Gains (Losses), Net Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Unrealized gains (losses) on the unhedged portion $ 34 $ (3 ) $ 49 $ 43 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, 2022 2021 2022 2021 Derivative net investment hedges $ 56,364 $ (9,193 ) $ 60,457 $ (14,459 ) Debt designated as nonderivative net investment hedges 107,872 (12,431 ) 141,469 (18,833 ) Cumulative translation adjustment 168,281 3,038 320,114 186,465 Total foreign currency translation gains (losses), net $ 332,517 $ (18,586 ) $ 522,040 $ 153,173 Cash flow hedges (1) $ 24,524 $ 6,003 $ 28,946 $ 7,374 Our share of derivatives from unconsolidated co-investment ventures 4,455 (1,193 ) 13,382 2,257 Total unrealized gains on derivative contracts, net $ 28,979 $ 4,810 $ 42,328 $ 9,631 Total change in other comprehensive income $ 361,496 $ (13,776 ) $ 564,368 $ 162,804 (1) We estimate an additional expense of $1.1 million will be reclassified to Interest Expense over the next 12 months from June 30, 2022, due to the amortization of previously settled derivatives designated as cash flow hedges. 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, 2021. Fair Value Measurements on a Recurring Basis At June 30, 2022 and December 31, 2021, other than the derivatives discussed previously, we had no 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, 2022 and December 31, 2021, 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, 2022 and December 31, 2021, 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 assets held for sale or contribution in Note 4. Fair Value of Financial Instruments At June 30, 2022 and December 31, 2021, 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, 2022 and December 31, 2021, as compared with those in effect when the debt was issued or assumed, including reduced borrowing spreads due to our improved credit ratings. The fair value of the senior notes decreased during the six months ended June 30, 2022 due to the increase in bond yields in the market as compared to the weighted average interest rates on our senior notes. The senior notes and secured mortgage debt may 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. We evaluate this on an on-going basis based on market conditions and other factors. The following table reflects the carrying amounts and estimated fair values of our debt (in thousands): June 30, 2022 December 31, 2021 Carrying Value Fair Value Carrying Value Fair Value Credit Facilities $ 612,267 $ 612,267 $ 491,393 $ 491,429 Senior notes 15,546,790 13,014,900 14,981,690 15,151,781 Term loans and unsecured other 1,362,293 1,365,753 1,825,195 1,835,569 Secured mortgage 519,482 501,371 416,776 437,215 Total $ 18,040,832 $ 15,494,291 $ 17,715,054 $ 17,915,994

Business Segments

Business Segments	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Business Segments	NOTE 10. 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, and other real estate investments. Within this line of business, we utilize the following: (i) our land bank; (ii) the development and leasing expertise of our local teams; and (iii) our customer relationships. • 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 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, 2022 2021 2022 2021 Revenues: Real estate operations segment: U.S. $ 1,046,347 $ 971,698 $ 2,085,338 $ 1,946,781 Other Americas 23,171 25,495 45,362 49,388 Europe 11,700 13,372 23,708 32,228 Asia 14,623 10,890 26,636 21,413 Total real estate operations segment 1,095,841 1,021,455 2,181,044 2,049,810 Strategic capital segment: U.S. 50,866 35,870 101,501 69,853 Other Americas 32,812 19,475 44,465 30,138 Europe 49,116 47,835 95,312 91,264 Asia 23,445 26,207 48,886 58,093 Total strategic capital segment 156,239 129,387 290,164 249,348 Total revenues 1,252,080 1,150,842 2,471,208 2,299,158 Segment net operating income: Real estate operations segment: U.S. (1) 784,706 734,295 1,555,916 1,443,598 Other Americas 16,835 19,229 32,942 36,824 Europe 1,864 7,474 5,834 20,665 Asia 10,350 8,130 19,003 15,068 Total real estate operations segment 813,755 769,128 1,613,695 1,516,155 Strategic capital segment: U.S. (1) 22,308 15,352 49,985 23,654 Other Americas 28,873 16,648 36,247 24,554 Europe 34,159 36,278 66,622 68,449 Asia 13,847 16,010 28,447 38,142 Total strategic capital segment 99,187 84,288 181,301 154,799 Total segment net operating income 912,942 853,416 1,794,996 1,670,954 Reconciling items: General and administrative expenses (83,114 ) (74,342 ) (157,760 ) (152,374 ) Depreciation and amortization expenses (402,313 ) (392,736 ) (798,960 ) (790,311 ) Gains on dispositions of development properties and land, net 105,802 187,361 316,008 361,004 Gains on other dispositions of investments in real estate, net - 127,167 584,835 143,790 Operating income 533,317 700,866 1,739,119 1,233,063 Earnings from unconsolidated entities, net 79,594 72,419 156,556 139,468 Interest expense (60,293 ) (68,412 ) (124,357 ) (139,693 ) Interest and other income, net 6,227 715 7,280 5,461 Foreign currency and derivative gains (losses), net 138,155 (6,080 ) 185,511 74,072 Losses on early extinguishment of debt, net (730 ) - (18,895 ) (187,453 ) Earnings before income taxes $ 696,270 $ 699,508 $ 1,945,214 $ 1,124,918 June 30, 2022 December 31, 2021 Segment assets: Real estate operations segment: U.S. $ 45,145,760 $ 44,136,140 Other Americas 1,712,191 1,148,371 Europe 1,864,969 1,837,800 Asia 1,046,813 965,854 Total real estate operations segment 49,769,733 48,088,165 Strategic capital segment: (2) U.S. 11,348 11,984 Europe 25,280 25,280 Asia 243 299 Total strategic capital segment 36,871 37,563 Total segment assets 49,806,604 48,125,728 Reconciling items: Investments in and advances to unconsolidated entities 8,443,644 8,610,958 Assets held for sale or contribution 403,617 669,688 Cash and cash equivalents 437,515 556,117 Other assets 672,437 523,729 Total reconciling items 9,957,213 10,360,492 Total assets $ 59,763,817 $ 58,486,220 (1) This includes compensation and personnel costs 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, 2022 and December 31, 2021.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	6 Months Ended
	Jun. 30, 2022
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	NOTE 11. SUPPLEMENTAL CASH FLOW INFORMATION Our significant noncash investing and financing activities for the six months ended June 30, 2022 and 2021 included the following: • W e recognized lease right-of-use assets and lease liabilities related to leases in which we are the lessee within Other Assets and Other Liabilities on the Consolidated Balance Sheets, including any new leases, renewals and modifications of $72.7 million in 2022 and $10.0 million in 2021 for both assets and liabilities. • We capitalized $18.7 million and $13.6 million in 2022 and 2021, respectively, of equity-based compensation expense. • We received $306.0 million and $173.7 million in 2022 and 2021, 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 3. • We issued 0.2 million and 0.1 million shares in 2022 and 2021, respectively, of the Parent’s common stock upon redemption of an equal number of common limited partnership units in the OP. • We assumed debt of $93.7 million upon obtaining a controlling financial interest in and consolidating an unconsolidated venture in 2021. • We formed an unconsolidated venture by contributing $10.0 million of land in 2021. We paid $142.2 million and $179.8 million for interest, net of amounts capitalized, during the six months ended June 30, 2022 and 2021, respectively. We paid $68.4 million and $72.0 million for income taxes, net of refunds, during the six months ended June 30, 2022 and 2021, respectively.

General (Policies)

General (Policies)	6 Months Ended
	Jun. 30, 2022
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” or “IRC”), 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 10 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, 2022, the Parent owned a 97.28% common general partnership interest in the OP and substantially all of the preferred units in the OP. The remaining 2.72% common limited partnership interests, which include 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. 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, 2021, as filed with the SEC, and other public information.
Accounting Pronouncements	Accounting Pronouncements. Reference Rate Reform. In March 2020, the Financial Accounting Standards Board 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 (“SOFR”). We refer to this transition as “reference rate reform.” The ASU was effective upon issuance on a prospective basis beginning January 1, 2020, and we elected to adopt the ASU over time as our reference rate reform activities occurred. In March 2021, the Financial Conduct Authority formally announced that the publication of LIBOR was ending and confirmed that U.S. dollar LIBOR-indexed rates would cease to be published after June 30, 2023. In June 2022, we modified the base rate of the aggregate lender commitments in U.S. dollars from U.S. dollar LIBOR to SOFR for both of our global senior credit facilities. See Note 5 for more information on these modifications. There was no material impact on our Consolidated Financial Statements due to the adoption of this ASU. We do not anticipate modifying any derivative financial instruments, as none are impacted by this ASU at June 30, 2022. Proposed Merger. On June 11, 2022, we entered into a definitive agreement (the “Merger Agreement”) with Duke Realty Corporation (“Duke Realty”) and Duke Realty Limited Partnership. The purchase price consideration will be determined on the closing date as this is a stock-for-stock transaction based upon a fixed exchange ratio. The estimated acquisition price is approximately $25.5 billion including the assumption of debt. The transaction is subject to approval by the stockholders of Prologis and the shareholders of Duke Realty and other closing conditions and is expected to be consummated in the fourth quarter of 2022.

Real Estate (Tables)

Real Estate (Tables)	6 Months Ended
	Jun. 30, 2022
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, 2022 2021 2022 2021 2022 2021 Operating properties: Buildings and improvements 455,186 444,413 2,350 2,310 $ 33,071,616 $ 32,159,514 Improved land 12,636,656 12,294,246 Development portfolio, including land costs: Prestabilized 11,120 6,325 28 16 1,198,958 710,091 Properties under development 33,476 28,638 99 83 2,266,480 2,019,249 Land (1) 2,855,734 2,519,590 Other real estate investments (2) 3,241,586 3,302,500 Total investments in real estate properties 55,271,030 53,005,190 Less accumulated depreciation 8,251,995 7,668,187 Net investments in real estate properties $ 47,019,035 $ 45,337,003 (1) At June 30, 2022 and December 31, 2021, our land was comprised of 6,114 and 6,227 acres, respectively. (2) Included in other real estate investments were: (i) non-strategic real estate assets acquired that we do not intend to operate long-term; (ii) land parcels we own and lease to third parties; (iii) non-industrial real estate assets that we intend to redevelop into industrial properties; and (iv) costs associated with potential acquisitions and future development projects, including purchase options on land.
Schedule of Acquisitions of Properties	The following table summarizes our real estate acquisition activity (dollars and square feet in thousands): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Number of operating properties 12 10 13 11 Square feet 1,491 2,088 1,794 2,113 Acquisition cost of net investments in real estate, excluding land and other real estate investments $ 181,881 $ 284,106 $ 264,082 $ 289,149 Acres of land 628 445 1,206 706 Acquisition cost of land $ 801,860 $ 351,709 $ 984,144 $ 575,716 Acquisition cost of other real estate investments $ 379,803 $ 173,807 $ 603,214 $ 173,807
Number of Properties Disposed Including Minor Adjustments	The following table summarizes our dispositions of net investments in real estate which include contributions to unconsolidated co-investment ventures and dispositions to third parties (dollars and square feet in thousands): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Dispositions of development properties and land, net (1) Number of properties 4 11 11 19 Square feet 1,180 5,174 3,763 9,461 Net proceeds $ 235,194 $ 676,387 $ 677,749 $ 1,446,200 Gains on dispositions of development properties and land, net $ 105,802 $ 187,361 $ 316,008 $ 361,004 Other dispositions of investments in real estate, net Number of properties - 42 102 43 Square feet - 5,778 8,676 6,254 Net proceeds $ - $ 572,430 $ 1,264,280 $ 595,772 Gains on other dispositions of investments in real estate, net $ - $ 127,167 $ 584,835 $ 143,790 (1) The gains we recognize in Gains on Dispositions of Development Properties and Land, Net are primarily driven by the contribution of newly developed properties to our unconsolidated co-investment ventures and occasionally sales to a third party.

Unconsolidated Entities (Tables

Unconsolidated Entities (Tables)	6 Months Ended
	Jun. 30, 2022
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 unconsolidated entities (in thousands): June 30, December 31, 2022 2021 Unconsolidated co-investment ventures $ 7,669,680 $ 7,825,455 Other ventures 773,964 785,503 Total $ 8,443,644 $ 8,610,958
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 on a U.S. GAAP basis (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 (1) Europe Asia Total At: Jun 30, 2022 Dec 31, 2021 Jun 30, 2022 Dec 31, 2021 Jun 30, 2022 Dec 31, 2021 Jun 30, 2022 Dec 31, 2021 Jun 30, 2022 Dec 31, 2021 Key property information: Ventures 1 1 2 2 2 2 3 3 8 8 Operating properties 732 732 260 254 843 818 205 203 2,040 2,007 Square feet 123 122 58 56 205 198 82 82 468 458 Financial position: Total assets ($) 11,614 11,619 3,548 3,349 18,281 18,373 9,513 10,746 42,956 44,087 Third-party debt ($) 3,069 3,069 1,151 1,052 3,990 3,737 3,685 4,157 11,895 12,015 Total liabilities ($) 3,724 3,717 1,261 1,116 5,935 5,619 4,115 4,685 15,035 15,137 Our investment balance ($) (2) 2,390 2,393 865 840 3,665 3,712 750 880 7,670 7,825 Our weighted average ownership (3) 26.9 % 27.0 % 40.4 % 40.8 % 31.0 % 30.9 % 15.1 % 15.1 % 27.2 % 26.9 % U.S. Other Americas (1) Europe Asia Total Operating Information: Jun 30, 2022 Jun 30, 2021 Jun 30, 2022 Jun 30, 2021 Jun 30, 2022 Jun 30, 2021 Jun 30, 2022 Jun 30, 2021 Jun 30, 2022 Jun 30, 2021 For the three months ended: Total revenues ($) 291 257 96 78 354 343 157 160 898 838 Net earnings ($) 68 54 31 28 127 82 32 36 258 200 Our earnings from unconsolidated co-investment ventures, net ($) 19 15 10 10 39 26 5 6 73 57 For the six months ended: Total revenues ($) 577 511 185 153 710 681 326 319 1,798 1,664 Net earnings ($) 140 103 64 58 231 169 66 71 501 401 Our earnings from unconsolidated co-investment ventures, net ($) 38 28 22 22 70 54 11 12 141 116 (1) Prologis Brazil Logistics Venture (“PBLV”) and our other Brazilian joint ventures are combined as one venture for the purpose of this table. (2) Prologis’ investment balance is presented at our adjusted basis. The difference between our ownership interest of a venture’s equity and our investment balance at June 30, 2022 and December 31, 2021, 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 ($193.2 million and $149.5 million, respectively); and (iv) customer security deposits retained subsequent to property contributions to Nippon Prologis REIT, Inc. (3) 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, 2022 2021 2022 2021 Recurring fees $ 115,806 $ 96,845 $ 229,043 $ 187,882 Transactional fees 17,519 18,199 34,748 39,077 Promote revenue 19,514 10,636 19,514 12,251 Total strategic capital revenues from unconsolidated co-investment ventures (1) $ 152,839 $ 125,680 $ 283,305 $ 239,210 (1) 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, 2022
Real Estate Assets Held For Development And Sale [Abstract]
Summary of Assets Held for Sale or Contribution	Assets held for sale or contribution consisted of the following (dollars and square feet in thousands): June 30, December 31, 2022 2021 Number of operating properties 12 14 Square feet 2,208 5,486 Total assets held for sale or contribution $ 403,617 $ 669,688 Total liabilities associated with assets held for sale or contribution – included in Other Liabilities $ 4,055 $ 10,631

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Debt Summary	All debt is incurred by the OP or its consolidated subsidiaries. The following table summarizes our debt (dollars in thousands): June 30, 2022 December 31, 2021 Weighted Average Amount Weighted Average Amount Interest Rate (1) Term (2) Outstanding (3) Interest Rate (1) Term (2) Outstanding (3) Credit facilities 1.2% 2.2 $ 612,267 0.8% 1.6 $ 491,393 Senior notes 1.6% 11.0 15,546,790 1.7% 11.6 14,981,690 Term loans and unsecured other 1.0% 5.6 1,362,293 0.5% 4.2 1,825,195 Secured mortgage 2.4% 3.6 519,482 5.1% 4.7 416,776 Total 1.6% 10.1 $ 18,040,832 1.6% 10.4 $ 17,715,054 (1) The weighted average interest rates presented represent the effective interest rates (including amortization of debt issuance costs and 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 fix the interest rate on certain variable rate debt. (2) The weighted average term represents the remaining maturity in years on the debt outstanding at period end. (3) 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, 2022 December 31, 2021 Weighted Average Interest Rate Amount Outstanding % of Total Weighted Average Interest Rate Amount Outstanding % of Total British pound sterling 2.1 % $ 1,248,276 6.9 % 2.1 % $ 1,376,807 7.8 % Canadian dollar 3.0 % 513,615 2.8 % 2.7 % 283,773 1.6 % Euro 1.1 % 8,069,667 44.7 % 1.0 % 7,408,407 41.8 % Japanese yen 0.8 % 2,773,102 15.4 % 0.9 % 2,878,542 16.2 % U.S. dollar 2.5 % 5,436,172 30.2 % 2.6 % 5,767,525 32.6 % Total 1.6 % $ 18,040,832 100.0 % 1.6 % $ 17,715,054 100.0 %
Schedule of Current Availability on Debt and Cash	The following table summarizes information about our available liquidity at June 30, 2022 Aggregate lender commitments Credit Facilities $ 5,380 Less: Borrowings outstanding 612 Outstanding letters of credit 27 Current availability $ 4,741 Cash and cash equivalents 438 Total liquidity $ 5,179
Summary of Issuances of Senior Notes	The following table summarizes the issuances of senior notes during the six months ended June 30, 2022 (principal in thousands): Aggregate Principal Issuance Date Weighted Average Issuance Date Borrowing Currency USD (1) Interest Rate (2) Term (3) Maturity Dates January £ 60,000 $ 80,932 2.1% 20.0 December 2041 February (4) € 1,550,000 $ 1,768,240 1.0% 8.5 February 2024 – 2034 Total $ 1,849,172 1.1% 9.0 (1) The exchange rate used to calculate into U.S. dollars was the spot rate at the settlement date. (2) The weighted average interest rate represents the fixed or variable interest rates of the related debt at the issuance date. (3) The weighted average term represents the remaining maturity in years on the related debt at the issuance date. (4) Net proceeds from the issuance of these notes were used to finance green projects eligible under our green bond framework, repay or refinance indebtedness and for general corporate purposes.
Long-Term Debt Maturities	Scheduled principal payments due on our debt for the remainder of 2022 and for each year through the period ended December 31, 2026, and thereafter were as follows at June 30, 2022 (in thousands): Unsecured Credit Senior Term Loans Secured Maturity Facilities Notes and Other Mortgage Total 2022 (1) $ - $ 311,610 $ 9,239 $ 3,691 $ 324,540 2023 (1) - - 131,921 186,875 318,796 2024 (2) 496,294 311,610 - 99,248 907,152 2025 - 36,693 - 142,415 179,108 2026 (3) 115,973 919,229 623,778 3,466 1,662,446 Thereafter - 14,049,349 601,763 74,629 14,725,741 Subtotal 612,267 15,628,491 1,366,701 510,324 18,117,783 Unamortized premiums (discounts), net - (4,832 ) - 10,033 5,201 Unamortized debt issuance costs, net - (76,869 ) (4,408 ) (875 ) (82,152 ) Total $ 612,267 $ 15,546,790 $ 1,362,293 $ 519,482 $ 18,040,832 (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 additional borrowings. (2) Included in the 2024 maturities is the 2021 Global Facility that can be extended until 2025. (3) Included in the 2026 maturities is the 2022 Global Facility that can be extended until 2027.

Noncontrolling Interests (Table

Noncontrolling Interests (Tables)	6 Months Ended
	Jun. 30, 2022
Noncontrolling Interest [Abstract]
Summary of Ownership Percentages and Noncontrolling Interests	The following table summarizes these entities (dollars in thousands): Our Ownership Percentage Noncontrolling Interests Total Assets Total Liabilities Jun 30, 2022 Dec 31, 2021 Jun 30, 2022 Dec 31, 2021 Jun 30, 2022 Dec 31, 2021 Jun 30, 2022 Dec 31, 2021 Prologis U.S. Logistics Venture 55.0 % 55.0 % $ 3,204,880 $ 3,264,337 $ 7,253,495 $ 7,397,195 $ 139,521 $ 147,545 Other consolidated entities (1) various various 128,541 133,201 1,482,754 1,453,236 162,254 162,598 Prologis, L.P. 3,333,421 3,397,538 8,736,249 8,850,431 301,775 310,143 Limited partners in Prologis, L.P. (2)(3) 964,750 917,799 - - - - Prologis, Inc. $ 4,298,171 $ 4,315,337 $ 8,736,249 $ 8,850,431 $ 301,775 $ 310,143 (1) Includes 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, 2022 and December 31, 2021 were exchangeable into cash or, at our option, 0.3 million shares of the Parent’s common stock. (2) We had 8.6 million Class A Units that were convertible into 8.0 million limited partnership units of the OP at June 30, 2022 and December 31, 2021. (3) There were limited partnership units in the OP, excluding the Class A Units, that were exchangeable into cash or, at our option, 8.3 million and 8.4 million shares of the Parent’s common stock, at June 30, 2022 and December 31, 2021, respectively. Also included are the vested OP Long-Term Incentive Plan Units (“LTIP Units”) associated with our long-term compensation plans of 4.4 million and 4.0 million shares of the Parent’s common stock at June 30, 2022 and December 31, 2021, respectively. See further discussion of LTIP Units in Note 7.

Long-Term Compensation (Tables)

Long-Term Compensation (Tables)	6 Months Ended
	Jun. 30, 2022
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, 2022 (units in thousands): Weighted Average Unvested RSUs Grant Date Fair Value Balance at January 1, 2022 1,237 $ 87.87 Granted 522 121.63 Vested and distributed (396 ) 91.68 Forfeited (22 ) 113.23 Balance at June 30, 2022 1,341 $ 99.47
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, 2022 (units in thousands): Unvested Weighted Average LTIP Units Grant Date Fair Value Balance at January 1, 2022 3,317 $ 61.65 Granted 988 95.90 Vested LTIP Units (707 ) 86.90 Balance at June 30, 2022 3,598 $ 66.08

Earnings Per Common Share or _2

Earnings Per Common Share or Unit (Tables)	6 Months Ended
	Jun. 30, 2022
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. 2022 2021 2022 2021 Net earnings attributable to common stockholders – Basic $ 609,855 $ 598,625 $ 1,759,109 $ 964,440 Net earnings attributable to exchangeable limited partnership units (1) 17,518 16,921 49,856 27,241 Adjusted net earnings attributable to common stockholders – Diluted $ 627,373 $ 615,546 $ 1,808,965 $ 991,681 Weighted average common shares outstanding – Basic 740,637 739,190 740,506 739,105 Incremental weighted average effect on exchange of limited partnership units (1) 21,289 21,179 21,221 21,084 Incremental weighted average effect of equity awards 4,148 4,283 4,132 4,535 Weighted average common shares outstanding – Diluted (2) 766,074 764,652 765,859 764,724 Net earnings per share attributable to common stockholders: Basic $ 0.82 $ 0.81 $ 2.38 $ 1.30 Diluted $ 0.82 $ 0.81 $ 2.36 $ 1.30 Three Months Ended Six Months Ended June 30, June 30, Prologis, L.P. 2022 2021 2022 2021 Net earnings attributable to common unitholders $ 627,286 $ 615,478 $ 1,808,811 $ 991,561 Net earnings attributable to Class A Units (6,608 ) (6,456 ) (19,023 ) (10,447 ) Net earnings attributable to common unitholders – Basic 620,678 609,022 1,789,788 981,114 Net earnings attributable to Class A Units 6,608 6,456 19,023 10,447 Net earnings attributable to exchangeable other limited partnership units 87 68 154 120 Adjusted net earnings attributable to common unitholders – Diluted $ 627,373 $ 615,546 $ 1,808,965 $ 991,681 Weighted average common partnership units outstanding – Basic 753,610 752,065 753,420 751,883 Incremental weighted average effect on exchange of Class A Units 8,017 8,005 8,008 8,006 Incremental weighted average effect on exchange of other limited partnership units 299 299 299 299 Incremental weighted average effect of equity awards of Prologis, Inc. 4,148 4,283 4,132 4,536 Weighted average common units outstanding – Diluted (2) 766,074 764,652 765,859 764,724 Net earnings per unit attributable to common unitholders: Basic $ 0.82 $ 0.81 $ 2.38 $ 1.30 Diluted $ 0.82 $ 0.81 $ 2.36 $ 1.30 (1) 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, 2022 2021 2022 2021 Class A Units 8,017 8,005 8,008 8,006 Other limited partnership units 299 299 299 299 Equity awards 6,353 6,471 6,219 6,812 Prologis, L.P. 14,669 14,775 14,526 15,117 Common limited partnership units 12,973 12,875 12,914 12,779 Prologis, Inc. 27,642 27,650 27,440 27,896

Financial Instruments and Fai_2

Financial Instruments and Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2022
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, 2022 December 31, 2021 Asset Liability Asset Liability Undesignated derivatives Foreign currency contracts Forwards Brazilian real $ 34 $ 619 $ 664 $ - British pound sterling 28,117 - 5,361 3,492 Canadian dollar 4,093 497 2,856 1,790 Chinese renminbi 388 73 - 550 Euro 92,261 - 40,484 136 Japanese yen 51,360 - 23,341 - Swedish krona 9,746 - 3,773 201 Designated derivatives Foreign currency contracts Net investment hedges British pound sterling 40,342 - 9,158 2,683 Canadian dollar 6,706 1,818 5,410 823 Interest rate swaps Cash flow hedges Euro 25,107 - - - Total fair value of derivatives $ 258,154 $ 3,007 $ 91,047 $ 9,675
Summary of Undesignated Financial Instruments Exercised and Realized and Unrealized Gains (Losses) in Foreign Currency and Derivative Gains, 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, 2022 2021 2022 2021 Exercised contracts 37 49 69 74 Realized gains (losses) on the matured, expired or settled contracts $ 15 $ (8 ) $ 30 $ (9 ) Unrealized gains on the change in fair value of outstanding contracts $ 88 $ 2 $ 103 $ 40
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 2022 2021 EUR Total EUR USD Total Notional amounts at January 1 ($) 165 165 165 250 415 New contracts ($) 1,004 1,004 - - - Matured, expired or settled contracts ($) (722 ) (722 ) - (250 ) (250 ) Notional amounts at June 30 ($) 447 447 165 - 165
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 at the quarter ended (in millions): June 30, 2022 December 31, 2021 British pound sterling $ 1,303 $ 624
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 unrealized gains (losses) in Foreign Currency and Derivative Gains (Losses), Net Three Months Ended Six Months Ended June 30, June 30, 2022 2021 2022 2021 Unrealized gains (losses) on the unhedged portion $ 34 $ (3 ) $ 49 $ 43
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, 2022 2021 2022 2021 Derivative net investment hedges $ 56,364 $ (9,193 ) $ 60,457 $ (14,459 ) Debt designated as nonderivative net investment hedges 107,872 (12,431 ) 141,469 (18,833 ) Cumulative translation adjustment 168,281 3,038 320,114 186,465 Total foreign currency translation gains (losses), net $ 332,517 $ (18,586 ) $ 522,040 $ 153,173 Cash flow hedges (1) $ 24,524 $ 6,003 $ 28,946 $ 7,374 Our share of derivatives from unconsolidated co-investment ventures 4,455 (1,193 ) 13,382 2,257 Total unrealized gains on derivative contracts, net $ 28,979 $ 4,810 $ 42,328 $ 9,631 Total change in other comprehensive income $ 361,496 $ (13,776 ) $ 564,368 $ 162,804 (1) We estimate an additional expense of $1.1 million will be reclassified to Interest Expense over the next 12 months from June 30, 2022, due to the amortization of previously settled derivatives designated as cash flow hedges.
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, 2022 December 31, 2021 Carrying Value Fair Value Carrying Value Fair Value Credit Facilities $ 612,267 $ 612,267 $ 491,393 $ 491,429 Senior notes 15,546,790 13,014,900 14,981,690 15,151,781 Term loans and unsecured other 1,362,293 1,365,753 1,825,195 1,835,569 Secured mortgage 519,482 501,371 416,776 437,215 Total $ 18,040,832 $ 15,494,291 $ 17,715,054 $ 17,915,994
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): 2022 2021 CAD EUR GBP JPY Other Total CAD EUR GBP JPY Other Total Notional amounts at January 1 ($) 175 749 383 250 105 1,662 163 474 207 252 66 1,162 New contracts ($) 61 604 161 113 81 1,020 173 228 110 62 21 594 Matured, expired or settled contracts ($) (34 ) (230 ) 16 (50 ) (19 ) (317 ) (61 ) (78 ) (69 ) (38 ) (16 ) (262 ) Notional amounts at June 30 ($) 202 1,123 560 313 167 2,365 275 624 248 276 71 1,494 Weighted average forward rate at June 30 1.27 1.17 1.11 106.59 1.27 1.23 1.36 102.99 Active contracts at June 30 85 107 82 97 67 81 63 72
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 2022 2021 BRL CAD GBP Total CAD GBP Total Notional amounts at January 1 ($) - 535 432 967 377 135 512 New contracts ($) 44 488 317 849 419 300 719 Matured, expired or settled contracts ($) (44 ) (419 ) (200 ) (663 ) (125 ) - (125 ) Notional amounts at June 30 ($) - 604 549 1,153 671 435 1,106 Weighted average forward rate at June 30 - 1.28 1.32 1.27 1.38 Active contracts at June 30 - 7 5 8 4

Business Segments (Tables)

Business Segments (Tables)	6 Months Ended
	Jun. 30, 2022
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, 2022 2021 2022 2021 Revenues: Real estate operations segment: U.S. $ 1,046,347 $ 971,698 $ 2,085,338 $ 1,946,781 Other Americas 23,171 25,495 45,362 49,388 Europe 11,700 13,372 23,708 32,228 Asia 14,623 10,890 26,636 21,413 Total real estate operations segment 1,095,841 1,021,455 2,181,044 2,049,810 Strategic capital segment: U.S. 50,866 35,870 101,501 69,853 Other Americas 32,812 19,475 44,465 30,138 Europe 49,116 47,835 95,312 91,264 Asia 23,445 26,207 48,886 58,093 Total strategic capital segment 156,239 129,387 290,164 249,348 Total revenues 1,252,080 1,150,842 2,471,208 2,299,158 Segment net operating income: Real estate operations segment: U.S. (1) 784,706 734,295 1,555,916 1,443,598 Other Americas 16,835 19,229 32,942 36,824 Europe 1,864 7,474 5,834 20,665 Asia 10,350 8,130 19,003 15,068 Total real estate operations segment 813,755 769,128 1,613,695 1,516,155 Strategic capital segment: U.S. (1) 22,308 15,352 49,985 23,654 Other Americas 28,873 16,648 36,247 24,554 Europe 34,159 36,278 66,622 68,449 Asia 13,847 16,010 28,447 38,142 Total strategic capital segment 99,187 84,288 181,301 154,799 Total segment net operating income 912,942 853,416 1,794,996 1,670,954 Reconciling items: General and administrative expenses (83,114 ) (74,342 ) (157,760 ) (152,374 ) Depreciation and amortization expenses (402,313 ) (392,736 ) (798,960 ) (790,311 ) Gains on dispositions of development properties and land, net 105,802 187,361 316,008 361,004 Gains on other dispositions of investments in real estate, net - 127,167 584,835 143,790 Operating income 533,317 700,866 1,739,119 1,233,063 Earnings from unconsolidated entities, net 79,594 72,419 156,556 139,468 Interest expense (60,293 ) (68,412 ) (124,357 ) (139,693 ) Interest and other income, net 6,227 715 7,280 5,461 Foreign currency and derivative gains (losses), net 138,155 (6,080 ) 185,511 74,072 Losses on early extinguishment of debt, net (730 ) - (18,895 ) (187,453 ) Earnings before income taxes $ 696,270 $ 699,508 $ 1,945,214 $ 1,124,918 June 30, 2022 December 31, 2021 Segment assets: Real estate operations segment: U.S. $ 45,145,760 $ 44,136,140 Other Americas 1,712,191 1,148,371 Europe 1,864,969 1,837,800 Asia 1,046,813 965,854 Total real estate operations segment 49,769,733 48,088,165 Strategic capital segment: (2) U.S. 11,348 11,984 Europe 25,280 25,280 Asia 243 299 Total strategic capital segment 36,871 37,563 Total segment assets 49,806,604 48,125,728 Reconciling items: Investments in and advances to unconsolidated entities 8,443,644 8,610,958 Assets held for sale or contribution 403,617 669,688 Cash and cash equivalents 437,515 556,117 Other assets 672,437 523,729 Total reconciling items 9,957,213 10,360,492 Total assets $ 59,763,817 $ 58,486,220 (1) This includes compensation and personnel costs 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, 2022 and December 31, 2021.

General - Additional Informatio

General - Additional Information (Detail) $ in Billions		6 Months Ended
	Jun. 11, 2022 USD ($)	Jun. 30, 2022 Segment
General [Line Items]
Number of reportable segments | Segment		2
Duke Realty Corporation [Member]
General [Line Items]
Estimated acquisition price | $	$ 25.5
Unaffiliated Investors and Certain Current and Former Directors and Officers [Member]
General [Line Items]
Percentage of common limited partnership interest		2.72%
General Partner | Prologis LP [Member]
General [Line Items]
Percentage of ownership in operating partnership		97.28%

Real Estate - Investments in Re

Real Estate - Investments in Real Estate Properties (Detail) ft² in Thousands, $ in Thousands		Jun. 30, 2022 USD ($) ft² a Building	Dec. 31, 2021 USD ($) ft² a Building
Real Estate Properties [Line Items]
Total investments in real estate properties		$ 55,271,030	$ 53,005,190
Less accumulated depreciation		8,251,995	7,668,187
Net investments in real estate properties		47,019,035	45,337,003
Improved Land [Member]
Real Estate Properties [Line Items]
Total investments in real estate properties		$ 12,636,656	$ 12,294,246
Building and Improvements [Member]
Real Estate Properties [Line Items]
Square Feet | ft²		455,186	444,413
Number of buildings | Building		2,350	2,310
Total investments in real estate properties		$ 33,071,616	$ 32,159,514
Development Portfolio, Including Cost of Land: Pre-stabilized [Member]
Real Estate Properties [Line Items]
Square Feet | ft²		11,120	6,325
Number of buildings | Building		28	16
Total investments in real estate properties		$ 1,198,958	$ 710,091
Properties Under Development [Member]
Real Estate Properties [Line Items]
Square Feet | ft²		33,476	28,638
Number of buildings | Building		99	83
Total investments in real estate properties		$ 2,266,480	$ 2,019,249
Land [Member]
Real Estate Properties [Line Items]
Square Feet | a		6,114	6,227
Total investments in real estate properties	[1]	$ 2,855,734	$ 2,519,590
Other Real Estate Investments [Member]
Real Estate Properties [Line Items]
Total investments in real estate properties	[2]	$ 3,241,586	$ 3,302,500
[1] At June 30, 2022 and December 31, 2021, our land was comprised of 6,114 and 6,227 acres, respectively. Included in other real estate investments were: (i) non-strategic real estate assets acquired that we do not intend to operate long-term; (ii) land parcels we own and lease to third parties; (iii) non-industrial real estate assets that we intend to redevelop into industrial properties; and (iv) costs associated with potential acquisitions and future development projects, including purchase options on land.

Real Estate - Investments in _2

Real Estate - Investments in Real Estate Properties (Parenthetical) (Detail) - a	Jun. 30, 2022	Dec. 31, 2021
Land [Member]
Real Estate Properties [Line Items]
Square Feet	6,114	6,227

Real Estate - Summary of Acquis

Real Estate - Summary of Acquisition (Detail) ft² in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($) ft² a Property	Jun. 30, 2021 USD ($) ft² a Property	Jun. 30, 2022 USD ($) ft² a Property	Jun. 30, 2021 USD ($) ft² a Property
Business Acquisition [Line Items]
Number of operating properties | Property	12	10	13	11
Square feet | ft²	1,491	2,088	1,794	2,113
Acquisition cost of net investments in real estate, excluding land and other real estate investments	$ 181,881	$ 284,106	$ 264,082	$ 289,149
Acquisition cost of land	801,860	351,709	984,144	575,716
Acquisition cost of other real estate investments	$ 379,803	$ 173,807	$ 603,214	$ 173,807
Acquisitions of Properties from Third Parties [Member] | Land [Member]
Business Acquisition [Line Items]
Acres of land | a	628	445	1,206	706

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, 2022 USD ($) ft² Property	Jun. 30, 2021 USD ($) ft² Property	Jun. 30, 2022 USD ($) ft² Property	Jun. 30, 2021 USD ($) ft² Property
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gains on dispositions of development properties and land, net	[1]	$ 105,802	$ 187,361	$ 316,008	$ 361,004
Gains on other dispositions of investments in real estate, net		$ 0	$ 127,167	$ 584,835	$ 143,790
Discontinuing Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of buildings | Property	[1]	4	11	11	19
Square feet | ft²	[1]	1,180	5,174	3,763	9,461
Net proceeds	[1]	$ 235,194	$ 676,387	$ 677,749	$ 1,446,200
Continuing Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of buildings | Property		0	42	102	43
Square feet | ft²		0	5,778	8,676	6,254
Net proceeds		$ 0	$ 572,430	$ 1,264,280	$ 595,772
[1] The gains we recognize in Gains on Dispositions of Development Properties and Land, Net are primarily driven by the contribution of newly developed properties to our unconsolidated co-investment ventures and occasionally sales to a third party.

Real Estate - Additional Inform

Real Estate - Additional Information (Detail) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Real Estate [Abstract]
Operating lease right-of-use assets	$ 492.1	$ 459.4
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other assets	Other assets
Lease liabilities	$ 483.7	$ 448.4
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Other liabilities	Other liabilities

Unconsolidated Entities - Summa

Unconsolidated Entities - Summary of Investments in and Advances to our Unconsolidated Entities (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Schedule Of Equity Method Investments [Line Items]
Investments in and advances to unconsolidated entities	$ 8,443,644	$ 8,610,958
Unconsolidated Co-Investment Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Investments in and advances to unconsolidated entities	7,669,680	7,825,455
Other Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Investments in and advances to unconsolidated entities	$ 773,964	$ 785,503

Unconsolidated Entities - Sum_2

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, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Schedule Of Equity Method Investments [Line Items]
Recurring fees		$ 115,806	$ 96,845	$ 229,043	$ 187,882
Transactional fees		17,519	18,199	34,748	39,077
Promote revenue		19,514	10,636	19,514	12,251
Total strategic capital revenues from unconsolidated co-investment ventures	[1]	$ 152,839	$ 125,680	$ 283,305	$ 239,210
[1]These amounts exclude strategic capital revenues from other ventures.

Unconsolidated Entities - Sum_3

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, 2022 USD ($) ft² Property Venture	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) ft² Property Venture	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($) ft² Property Venture
Schedule Of Equity Method Investments [Line Items]
Total assets		$ 59,763,817		$ 59,763,817		$ 58,486,220
Total liabilities		20,889,879		20,889,879		$ 20,744,010
Total revenues		1,252,080	$ 1,150,842	2,471,208	$ 2,299,158
Consolidated net earnings		646,436	650,313	1,866,158	1,050,006
Our earnings from unconsolidated co-investment ventures, net		$ 79,594	72,419	$ 156,556	139,468
Unconsolidated Co-Investment Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Ventures | Venture		8		8		8
Number of buildings | Property		2,040		2,040		2,007
Square feet | ft²		468		468		458
Total assets		$ 42,956,000		$ 42,956,000		$ 44,087,000
Third-party debt		11,895,000		11,895,000		12,015,000
Total liabilities		15,035,000		15,035,000		15,137,000
Our investment balance	[1]	7,670,000		7,670,000		$ 7,825,000
Total revenues		898,000	838,000	1,798,000	1,664,000
Consolidated net earnings		258,000	200,000	501,000	401,000
Our earnings from unconsolidated co-investment ventures, net		$ 73,000	57,000	$ 141,000	116,000
Unconsolidated Co-Investment Ventures [Member] | U.S. [Member]
Schedule Of Equity Method Investments [Line Items]
Ventures | Venture		1		1		1
Number of buildings | Property		732		732		732
Square feet | ft²		123		123		122
Total assets		$ 11,614,000		$ 11,614,000		$ 11,619,000
Third-party debt		3,069,000		3,069,000		3,069,000
Total liabilities		3,724,000		3,724,000		3,717,000
Our investment balance	[1]	2,390,000		2,390,000		$ 2,393,000
Total revenues		291,000	257,000	577,000	511,000
Consolidated net earnings		68,000	54,000	140,000	103,000
Our earnings from unconsolidated co-investment ventures, net		$ 19,000	15,000	$ 38,000	28,000
Unconsolidated Co-Investment Ventures [Member] | Other Americas [Member]
Schedule Of Equity Method Investments [Line Items]
Ventures | Venture	[2]	2		2		2
Number of buildings | Property	[2]	260		260		254
Square feet | ft²	[2]	58		58		56
Total assets	[2]	$ 3,548,000		$ 3,548,000		$ 3,349,000
Third-party debt	[2]	1,151,000		1,151,000		1,052,000
Total liabilities	[2]	1,261,000		1,261,000		1,116,000
Our investment balance	[1],[2]	865,000		865,000		$ 840,000
Total revenues	[2]	96,000	78,000	185,000	153,000
Consolidated net earnings	[2]	31,000	28,000	64,000	58,000
Our earnings from unconsolidated co-investment ventures, net	[2]	$ 10,000	10,000	$ 22,000	22,000
Unconsolidated Co-Investment Ventures [Member] | Europe [Member]
Schedule Of Equity Method Investments [Line Items]
Ventures | Venture		2		2		2
Number of buildings | Property		843		843		818
Square feet | ft²		205		205		198
Total assets		$ 18,281,000		$ 18,281,000		$ 18,373,000
Third-party debt		3,990,000		3,990,000		3,737,000
Total liabilities		5,935,000		5,935,000		5,619,000
Our investment balance	[1]	3,665,000		3,665,000		$ 3,712,000
Total revenues		354,000	343,000	710,000	681,000
Consolidated net earnings		127,000	82,000	231,000	169,000
Our earnings from unconsolidated co-investment ventures, net		$ 39,000	26,000	$ 70,000	54,000
Unconsolidated Co-Investment Ventures [Member] | Asia [Member]
Schedule Of Equity Method Investments [Line Items]
Ventures | Venture		3		3		3
Number of buildings | Property		205		205		203
Square feet | ft²		82		82		82
Total assets		$ 9,513,000		$ 9,513,000		$ 10,746,000
Third-party debt		3,685,000		3,685,000		4,157,000
Total liabilities		4,115,000		4,115,000		4,685,000
Our investment balance	[1]	750,000		750,000		$ 880,000
Total revenues		157,000	160,000	326,000	319,000
Consolidated net earnings		32,000	36,000	66,000	71,000
Our earnings from unconsolidated co-investment ventures, net		$ 5,000	$ 6,000	$ 11,000	$ 12,000
Unconsolidated Co-Investment Ventures [Member] | Weighted Average [Member]
Schedule Of Equity Method Investments [Line Items]
Our weighted average ownership	[3]	27.20%		27.20%		26.90%
Unconsolidated Co-Investment Ventures [Member] | Weighted Average [Member] | U.S. [Member]
Schedule Of Equity Method Investments [Line Items]
Our weighted average ownership	[3]	26.90%		26.90%		27%
Unconsolidated Co-Investment Ventures [Member] | Weighted Average [Member] | Other Americas [Member]
Schedule Of Equity Method Investments [Line Items]
Our weighted average ownership	[2],[3]	40.40%		40.40%		40.80%
Unconsolidated Co-Investment Ventures [Member] | Weighted Average [Member] | Europe [Member]
Schedule Of Equity Method Investments [Line Items]
Our weighted average ownership	[3]	31%		31%		30.90%
Unconsolidated Co-Investment Ventures [Member] | Weighted Average [Member] | Asia [Member]
Schedule Of Equity Method Investments [Line Items]
Our weighted average ownership	[3]	15.10%		15.10%		15.10%
[1] Prologis’ investment balance is presented at our adjusted basis. The difference between our ownership interest of a venture’s equity and our investment balance at June 30, 2022 and December 31, 2021, 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 ($193.2 million and $149.5 million, respectively); and (iv) customer security deposits retained subsequent to property contributions to Nippon Prologis REIT, Inc.

Unconsolidated Entities - Sum_4

Unconsolidated Entities - Summary of Operating Information and Financial Position of Unconsolidated Co-investment Ventures (Parenthetical) (Detail) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Equity Method Investments And Joint Ventures [Abstract]
Receivables from unconsolidated co-investment ventures	$ 193.2	$ 149.5

Unconsolidated Entities - Addit

Unconsolidated Entities - Additional Information (Detail) - Prologis, Inc. [Member] $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($)
Schedule Of Equity Method Investments [Line Items]
Remaining equity commitments	$ 290.1
Expiration date for remaining commitments range start	2023
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, 2022 USD ($) ft² Property	Dec. 31, 2021 USD ($) ft² Property
Long Lived Assets Held For Sale [Line Items]
Total assets held for sale or contribution	$ 403,617	$ 669,688
Total liabilities associated with assets held for sale or contribution – included in Other Liabilities	$ 4,055	$ 10,631
Disposal Group Held for Sale Not Discontinued Operations [Member]
Long Lived Assets Held For Sale [Line Items]
Number of operating properties | Property	12	14
Square feet | ft²	2,208	5,486

Debt - Debt Summary (Detail)

Debt - Debt Summary (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Weighted Average Interest Rate	1.60%	1.60%
Weighted Average Term	10 years 1 month 6 days	10 years 4 months 24 days
Debt	$ 18,040,832	$ 17,715,054
Credit Facilities [Member]
Debt Instrument [Line Items]
Weighted Average Interest Rate	1.20%	0.80%
Weighted Average Term	2 years 2 months 12 days	1 year 7 months 6 days
Debt	$ 612,267	$ 491,393
Senior Notes [Member]
Debt Instrument [Line Items]
Weighted Average Interest Rate	1.60%	1.70%
Weighted Average Term	11 years	11 years 7 months 6 days
Debt	$ 15,546,790	$ 14,981,690
Term Loans and Unsecured Other [Member]
Debt Instrument [Line Items]
Weighted Average Interest Rate	1%	0.50%
Weighted Average Term	5 years 7 months 6 days	4 years 2 months 12 days
Debt	$ 1,362,293	$ 1,825,195
Secured Mortgage [Member]
Debt Instrument [Line Items]
Weighted Average Interest Rate	2.40%	5.10%
Weighted Average Term	3 years 7 months 6 days	4 years 8 months 12 days
Debt	$ 519,482	$ 416,776

Debt - Debt Summary (Parentheti

Debt - Debt Summary (Parenthetical) (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Weighted Average Interest Rate	1.60%	1.60%
Debt	$ 18,040,832	$ 17,715,054
Percentage of outstanding debt	100%	100%
GBP
Debt Instrument [Line Items]
Weighted Average Interest Rate	2.10%	2.10%
Debt	$ 1,248,276	$ 1,376,807
Percentage of outstanding debt	6.90%	7.80%
CAD
Debt Instrument [Line Items]
Weighted Average Interest Rate	3%	2.70%
Debt	$ 513,615	$ 283,773
Percentage of outstanding debt	2.80%	1.60%
EUR
Debt Instrument [Line Items]
Weighted Average Interest Rate	1.10%	1%
Debt	$ 8,069,667	$ 7,408,407
Percentage of outstanding debt	44.70%	41.80%
JPY
Debt Instrument [Line Items]
Weighted Average Interest Rate	0.80%	0.90%
Debt	$ 2,773,102	$ 2,878,542
Percentage of outstanding debt	15.40%	16.20%
USD
Debt Instrument [Line Items]
Weighted Average Interest Rate	2.50%	2.60%
Debt	$ 5,436,172	$ 5,767,525
Percentage of outstanding debt	30.20%	32.60%

Debt - Additional Information (

Debt - Additional Information (Detail) $ in Millions, ¥ in Billions	1 Months Ended			6 Months Ended
	Oct. 31, 2018	Aug. 31, 2018	Jul. 31, 2018	Jun. 30, 2022 USD ($)	Jun. 30, 2022 JPY (¥)
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity subject to currency fluctuation				$ 5,380
Prologis Euro Finance L L C [Member]
Debt Instrument [Line Items]
Percentage of ownership in operating partnership			100%
Prologis Yen Finance LLC [Member]
Debt Instrument [Line Items]
Percentage of ownership in operating partnership		100%
Prologis Sterling Finance LLC [Member]
Debt Instrument [Line Items]
Percentage of ownership in operating partnership	100%
Global Credit Facility 2022 [Member]
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity subject to currency fluctuation				$ 3,000
Debt Instrument maturity date				2026-06
Ability to increase borrowing capacity subject to currency fluctuations and obtaining additional lender commitments				$ 4,000
Global Credit Facility 2021 [Member]
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity subject to currency fluctuation				$ 2,000
Debt Instrument maturity date				2024-04
Ability to increase borrowing capacity subject to currency fluctuations and obtaining additional lender commitments				$ 2,500
Yen Credit Facility [Member]
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity subject to currency fluctuation				$ 550.4	¥ 75
Debt Instrument maturity date				2024-07
Credit facility maximum borrowing capacity				$ 403.6	¥ 55

Debt - Schedule of Current Avai

Debt - Schedule of Current Availability on Debt and Cash (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
Credit Facilities	$ 5,380,000
Borrowings outstanding	612,000
Outstanding letters of credit	27,000
Current availability	4,741,000
Cash and cash equivalents	437,515	$ 556,117
Total liquidity	$ 5,179,000

Debt - Summary of Issuances of

Debt - Summary of Issuances of Senior Notes (Detail) - Issuance of Senior Notes € in Thousands, $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2022 EUR (€)
Debt Instrument [Line Items]
Term	9 years
Aggregate Principal	$ 1,849,172
Interest Rate	1.10%	1.10%
December 2041 Senior Notes [Member] | EUR
Debt Instrument [Line Items]
Debt Instrument maturity month	2041-12
December 2041 Senior Notes [Member] | EUR | Weighted Average [Member]
Debt Instrument [Line Items]
Term	20 years
Aggregate Principal	$ 80,932	€ 60,000
Interest Rate	2.10%	2.10%
February 2024 Senior Notes [Member] | EUR
Debt Instrument [Line Items]
Debt Instrument maturity month	2024-02
February 2024 Senior Notes [Member] | EUR | Weighted Average [Member]
Debt Instrument [Line Items]
Term	8 years 6 months
Aggregate Principal	$ 1,768,240	€ 1,550,000
Interest Rate	1%	1%
February 2034 Senior Notes [Member] | EUR
Debt Instrument [Line Items]
Debt Instrument maturity month	2034-02

Debt - Long-Term Debt Maturitie

Debt - Long-Term Debt Maturities (Detail) - USD ($) $ in Thousands		Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
2022	[1]	$ 324,540
2023	[1]	318,796
2024	[2]	907,152
2025		179,108
2026	[3]	1,662,446
Thereafter		14,725,741
Subtotal		18,117,783
Unamortized premiums (discounts), net		5,201
Unamortized debt issuance costs, net		(82,152)
Total		18,040,832	$ 17,715,054
Credit Facilities [Member]
Debt Instrument [Line Items]
2022	[1]	0
2023	[1]	0
2024	[2]	496,294
2025		0
2026	[3]	115,973
Thereafter		0
Subtotal		612,267
Unamortized premiums (discounts), net		0
Unamortized debt issuance costs, net		0
Total		612,267	491,393
Senior Notes [Member]
Debt Instrument [Line Items]
2022	[1]	311,610
2023	[1]	0
2024	[2]	311,610
2025		36,693
2026	[3]	919,229
Thereafter		14,049,349
Subtotal		15,628,491
Unamortized premiums (discounts), net		(4,832)
Unamortized debt issuance costs, net		(76,869)
Total		15,546,790	14,981,690
Term Loans and Unsecured Other [Member]
Debt Instrument [Line Items]
2022	[1]	9,239
2023	[1]	131,921
2024	[2]	0
2025		0
2026	[3]	623,778
Thereafter		601,763
Subtotal		1,366,701
Unamortized premiums (discounts), net		0
Unamortized debt issuance costs, net		(4,408)
Total		1,362,293	1,825,195
Secured Mortgage [Member]
Debt Instrument [Line Items]
2022	[1]	3,691
2023	[1]	186,875
2024	[2]	99,248
2025		142,415
2026	[3]	3,466
Thereafter		74,629
Subtotal		510,324
Unamortized premiums (discounts), net		10,033
Unamortized debt issuance costs, net		(875)
Total		$ 519,482	$ 416,776
[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 additional borrowings. Included in the 2024 maturities is the 2021 Global Facility that can be extended until 2025.

Debt - Long-Term Debt Maturit_2

Debt - Long-Term Debt Maturities (Parenthetical) (Detail)	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Debt instruments expected maturing period	next twelve months

Noncontrolling Interests - Addi

Noncontrolling Interests - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2022
Prologis, L.P. [Member]
Minority 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, 2022	Dec. 31, 2021
Minority Interest [Line Items]
Total Assets		$ 59,763,817	$ 58,486,220
Operating Partnership noncontrolling interest		3,333,421	3,397,538
Operating Partnership noncontrolling interest		4,298,171	4,315,337
Total Liabilities		20,889,879	20,744,010
Noncontrolling Interests [Member]
Minority Interest [Line Items]
Total Assets		8,736,249	8,850,431
Total Liabilities		$ 301,775	$ 310,143
Prologis U S Logistics Venture [Member]
Minority Interest [Line Items]
Parent Company's Ownership Percentage		55%	55%
Total Assets		$ 7,253,495	$ 7,397,195
Operating Partnership noncontrolling interest		3,204,880	3,264,337
Total Liabilities		$ 139,521	$ 147,545
Other Consolidated Entities [Member]
Minority Interest [Line Items]
Parent Company's Ownership	[1]	various	various
Total Assets	[1]	$ 1,482,754	$ 1,453,236
Operating Partnership noncontrolling interest	[1]	128,541	133,201
Total Liabilities	[1]	162,254	162,598
Prologis, L.P. [Member]
Minority Interest [Line Items]
Total Assets		59,763,817	58,486,220
Operating Partnership noncontrolling interest		3,333,421	3,397,538
Total Liabilities		20,889,879	20,744,010
Prologis, L.P. [Member] | Noncontrolling Interests [Member]
Minority Interest [Line Items]
Limited partners in Prologis, L.P.	[2],[3]	964,750	917,799
Total Assets	[2],[3]	0	0
Total Liabilities	[2],[3]	0	0
Prologis, Inc. [Member]
Minority Interest [Line Items]
Total Assets		8,736,249	8,850,431
Total Liabilities		301,775	310,143
Prologis, Inc. [Member] | Noncontrolling Interests [Member]
Minority Interest [Line Items]
Operating Partnership noncontrolling interest		$ 4,298,171	$ 4,315,337
[1] Includes 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, 2022 and December 31, 2021 were exchangeable into cash or, at our option, 0.3 million shares of the Parent’s common stock. There were limited partnership units in the OP, excluding the Class A Units, that were exchangeable into cash or, at our option, 8.3 million and 8.4 million shares of the Parent’s common stock, at June 30, 2022 and December 31, 2021, respectively. Also included are the vested OP Long-Term Incentive Plan Units (“LTIP Units”) associated with our long-term compensation plans of 4.4 million and 4.0 million shares of the Parent’s common stock at June 30, 2022 and December 31, 2021, respectively. See further discussion of LTIP Units in Note 7. We had 8.6 million Class A Units that were convertible into 8.0 million limited partnership units of the OP at June 30, 2022 and December 31, 2021.

Noncontrolling Interests - No_2

Noncontrolling Interests - Noncontrolling Interest Summary (Parenthetical) (Detail) - shares shares in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Long Term Incentive Plan Units [Member]
Minority Interest [Line Items]
Vested LTIP Units	4.4	4
Class A Common [Member]
Minority Interest [Line Items]
Outstanding limited partnership units, exchanged	8	8
Units outstanding	8.6	8.6
Common Unit [Member]
Minority Interest [Line Items]
Outstanding limited partnership units, exchanged	8.3	8.4
Other Consolidated Entities [Member]
Minority Interest [Line Items]
Outstanding limited partnership units, exchanged	0.3	0.3
Other Consolidated Entities [Member] | Common Stock [Member]
Minority Interest [Line Items]
Outstanding limited partnership units	2	2

Long-Term Compensation - Additi

Long-Term Compensation - Additional Information (Detail) - Prologis Out-Performance Plan [Member] - USD ($)	1 Months Ended	6 Months Ended
	Jan. 31, 2022	Jun. 30, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Performance Period		3 years
Outperformance hurdle, above MSCI U.S. REIT Index		1%
Performance pool as percentage of excess value, if outperformance hurdle is met		3%
Forfeited awards after seven years		7 years
2022 - 2024 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	$ 30,400,000
Assumed risk free interest rate	1%
2022 - 2024 Performance Period [Member] | Tranche 1 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting rights, percentage		20%
2022 - 2024 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%
2022 - 2024 Performance Period [Member] | Prologis, Inc. [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected volatility rate	31%
2022 - 2024 Performance Period [Member] | Msci Us Reit Index
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected volatility rate	29%
2019 - 2021 Performance Period [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Cash incentive award maximum	$ 100,000,000
Prior To 2018 Performance Periods [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Cash incentive award maximum	$ 35,700,000
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, 2022 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Unvested Awards, Beginning Balance | shares	1,237
Granted | shares	522
Vested and distributed | shares	(396)
Forfeited | shares	(22)
Number of Unvested Awards, Ending Balance | shares	1,341
Weighted Average Grant Date Fair Value | $ / shares	$ 87.87
Weighted Average Grant Date Fair Value, Granted | $ / shares	121.63
Weighted Average Grant Date Fair Value, Vested and distributed | $ / shares	91.68
Weighted Average Grant Date Fair Value, Forfeited | $ / shares	113.23
Weighted Average Grant Date Fair Value | $ / shares	$ 99.47

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, 2022 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Unvested Awards, Beginning Balance | shares	3,317
Granted | shares	988
Vested LTIP Units | shares	(707)
Number of Unvested Awards, Ending Balance | shares	3,598
Weighted Average Grant Date Fair Value | $ / shares	$ 61.65
Weighted Average Grant Date Fair Value, Granted | $ / shares	95.90
Weighted Average Grant Date Fair Value, Vested LTIP Units | $ / shares	86.90
Weighted Average Grant Date Fair Value | $ / shares	$ 66.08

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, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Summary Of Computation Of Basic And Diluted Earnings Per Share [Line Items]
Net earnings attributable to common stockholders/unit holders - Basic		$ 609,855	$ 598,625	$ 1,759,109	$ 964,440
Net earnings attributable to exchangeable limited partnership units	[1]	17,518	16,921	49,856	27,241
Adjusted net earnings attributable to common stockholders – Diluted		$ 627,373	$ 615,546	$ 1,808,965	$ 991,681
Weighted average common shares/units outstanding - Basic		740,637	739,190	740,506	739,105
Incremental weighted average effect on exchange of limited partnership units		21,289	21,179	21,221	21,084
Incremental weighted average effect of equity awards		4,148	4,283	4,132	4,535
Weighted average common shares/partnership units outstanding - Diluted	[2]	766,074	764,652	765,859	764,724
Net earnings per share/unit attributable to common stockholders/unitholders -
Basic		$ 0.82	$ 0.81	$ 2.38	$ 1.30
Diluted		$ 0.82	$ 0.81	$ 2.36	$ 1.30
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		$ 627,286	$ 615,478	$ 1,808,811	$ 991,561
Net earnings attributable to exchangeable limited partnership units		87	68	154	120
Adjusted net earnings attributable to common stockholders – Diluted		$ 627,373	$ 615,546	$ 1,808,965	$ 991,681
Weighted average common shares/units outstanding - Basic		753,610	752,065	753,420	751,883
Incremental weighted average effect on exchange of Class A convertible units		8,017	8,005	8,008	8,006
Incremental weighted average effect on exchange of limited partnership units		299	299	299	299
Incremental weighted average effect of equity awards		4,148	4,283	4,132	4,536
Weighted average common shares/partnership units outstanding - Diluted		766,074	764,652	765,859	764,724
Net earnings per share/unit attributable to common stockholders/unitholders -
Basic		$ 0.82	$ 0.81	$ 2.38	$ 1.30
Diluted		$ 0.82	$ 0.81	$ 2.36	$ 1.30
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		$ (6,608)	$ (6,456)	$ (19,023)	$ (10,447)
Adjusted net earnings attributable to common stockholders – Diluted		6,608	6,456	19,023	10,447
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		$ 620,678	$ 609,022	$ 1,789,788	$ 981,114
[1]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:

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, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Summary Of Computation Of Basic And Diluted Earnings Per Share [Line Items]
Total weighted average potential dilutive shares and units outstanding	27,642	27,650	27,440	27,896
Prologis, L.P. [Member]
Summary Of Computation Of Basic And Diluted Earnings Per Share [Line Items]
Total weighted average potentially dilutive Class A Units	8,017	8,005	8,008	8,006
Total weighted average potentially dilutive other limited partnership units	299	299	299	299
Total weighted average potentially dilutive equity awards	6,353	6,471	6,219	6,812
Total weighted average potential dilutive shares and units outstanding	14,669	14,775	14,526	15,117
Total weighted average potential dilutive common limited partnership units	12,973	12,875	12,914	12,779

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, 2022	Dec. 31, 2021
Derivatives Fair Value [Line Items]
Asset	$ 258,154	$ 91,047
Liability	3,007	9,675
Undesignated Derivatives [Member] | Forwards [Member] | BRL
Derivatives Fair Value [Line Items]
Asset	34	664
Liability	619	0
Undesignated Derivatives [Member] | Forwards [Member] | GBP
Derivatives Fair Value [Line Items]
Asset	28,117	5,361
Liability	0	3,492
Undesignated Derivatives [Member] | Forwards [Member] | CAD
Derivatives Fair Value [Line Items]
Asset	4,093	2,856
Liability	497	1,790
Undesignated Derivatives [Member] | Forwards [Member] | CNY
Derivatives Fair Value [Line Items]
Asset	388	0
Liability	73	550
Undesignated Derivatives [Member] | Forwards [Member] | EUR
Derivatives Fair Value [Line Items]
Asset	92,261	40,484
Liability	0	136
Undesignated Derivatives [Member] | Forwards [Member] | JPY
Derivatives Fair Value [Line Items]
Asset	51,360	23,341
Liability	0	0
Undesignated Derivatives [Member] | Forwards [Member] | SEK
Derivatives Fair Value [Line Items]
Asset	9,746	3,773
Liability	0	201
Designated As Hedging Instrument [Member] | Net Investment Hedges [Member] | GBP
Derivatives Fair Value [Line Items]
Asset	40,342	9,158
Liability	0	2,683
Designated As Hedging Instrument [Member] | Net Investment Hedges [Member] | CAD
Derivatives Fair Value [Line Items]
Asset	6,706	5,410
Liability	1,818	823
Designated As Hedging Instrument [Member] | Cash Flow Hedges [Member] | Interest Rate Swaps [Member] | EUR
Derivatives Fair Value [Line Items]
Asset	25,107	0
Liability	$ 0	$ 0

Financial Instruments and Fai_4

Financial Instruments and Fair Value Measurements - Summary of Undesignated Foreign Currency Forwards Activity (Detail)	6 Months Ended
	Jun. 30, 2022 USD ($) Derivative	Jun. 30, 2021 USD ($) Derivative
Derivative [Line Items]
Notional amounts at January 1	$ 165,000,000
New contracts	1,004,000,000
Matured, expired or settled contracts	(722,000,000)
Notional amounts at June 30	447,000,000
Forwards [Member] | Undesignated Derivatives [Member]
Derivative [Line Items]
Notional amounts at January 1	1,662,000,000	$ 1,162,000,000
New contracts	1,020,000,000	594,000,000
Matured, expired or settled contracts	(317,000,000)	(262,000,000)
Notional amounts at June 30	$ 2,365,000,000	1,494,000,000
Weighted average forward rate at June 30	0
Active contracts at June 30 | Derivative	0
Forwards [Member] | Undesignated Derivatives [Member] | CAD
Derivative [Line Items]
Notional amounts at January 1	$ 175,000,000	163,000,000
New contracts	61,000,000	173,000,000
Matured, expired or settled contracts	(34,000,000)	(61,000,000)
Notional amounts at June 30	$ 202,000,000	$ 275,000,000
Weighted average forward rate at June 30	1.27	1.27
Active contracts at June 30 | Derivative	85	67
Forwards [Member] | Undesignated Derivatives [Member] | EUR
Derivative [Line Items]
Notional amounts at January 1	$ 749,000,000	$ 474,000,000
New contracts	604,000,000	228,000,000
Matured, expired or settled contracts	(230,000,000)	(78,000,000)
Notional amounts at June 30	$ 1,123,000,000	$ 624,000,000
Weighted average forward rate at June 30	1.17	1.23
Active contracts at June 30 | Derivative	107	81
Forwards [Member] | Undesignated Derivatives [Member] | GBP
Derivative [Line Items]
Notional amounts at January 1	$ 383,000,000	$ 207,000,000
New contracts	161,000,000	110,000,000
Matured, expired or settled contracts	16,000,000	(69,000,000)
Notional amounts at June 30	$ 560,000,000	$ 248,000,000
Weighted average forward rate at June 30	1.11	1.36
Active contracts at June 30 | Derivative	82	63
Forwards [Member] | Undesignated Derivatives [Member] | JPY
Derivative [Line Items]
Notional amounts at January 1	$ 250,000,000	$ 252,000,000
New contracts	113,000,000	62,000,000
Matured, expired or settled contracts	(50,000,000)	(38,000,000)
Notional amounts at June 30	$ 313,000,000	$ 276,000,000
Weighted average forward rate at June 30	106.59	102.99
Active contracts at June 30 | Derivative	97	72
Forwards [Member] | Undesignated Derivatives [Member] | Other
Derivative [Line Items]
Notional amounts at January 1	$ 105,000,000	$ 66,000,000
New contracts	81,000,000	21,000,000
Matured, expired or settled contracts	(19,000,000)	(16,000,000)
Notional amounts at June 30	$ 167,000,000	$ 71,000,000
Weighted average forward rate 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, Net (Detail) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($) Contract	Jun. 30, 2021 USD ($) Contract	Jun. 30, 2022 USD ($) Contract	Jun. 30, 2021 USD ($) Contract
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Exercised contracts | Contract	37	49	69	74
Realized gains (losses) on the matured, expired or settled contracts	$ 15	$ (8)	$ 30	$ (9)
Unrealized gains on the change in fair value of outstanding contracts	$ 88	$ 2	$ 103	$ 40

Financial Instruments and Fai_6

Financial Instruments and Fair Value Measurements - Foreign Currency Contracts Activity (Detail)	6 Months Ended
	Jun. 30, 2022 USD ($) Derivative	Jun. 30, 2021 USD ($) Derivative
Derivative [Line Items]
Notional amounts at January 1	$ 165,000,000
New contracts	1,004,000,000
Matured, expired or settled contracts	(722,000,000)
Notional amounts at June 30	447,000,000
Forwards [Member] | Net Investment Hedges [Member] | Designated As Hedging Instrument [Member]
Derivative [Line Items]
Notional amounts at January 1	967,000,000	$ 512,000,000
New contracts	849,000,000	719,000,000
Matured, expired or settled contracts	(663,000,000)	(125,000,000)
Notional amounts at June 30	1,153,000,000	1,106,000,000
Forwards [Member] | BRL | Net Investment Hedges [Member] | Designated As Hedging Instrument [Member]
Derivative [Line Items]
Notional amounts at January 1	0
New contracts	44,000,000
Matured, expired or settled contracts	(44,000,000)
Notional amounts at June 30	$ 0
Active contracts at June 30 | Derivative	0
Forwards [Member] | CAD | Net Investment Hedges [Member] | Designated As Hedging Instrument [Member]
Derivative [Line Items]
Notional amounts at January 1	$ 535,000,000	377,000,000
New contracts	488,000,000	419,000,000
Matured, expired or settled contracts	(419,000,000)	(125,000,000)
Notional amounts at June 30	$ 604,000,000	$ 671,000,000
Weighted average forward rate at June 30	1.28	1.27
Active contracts at June 30 | Derivative	7	8
Forwards [Member] | GBP | Net Investment Hedges [Member] | Designated As Hedging Instrument [Member]
Derivative [Line Items]
Notional amounts at January 1	$ 432,000,000	$ 135,000,000
New contracts	317,000,000	300,000,000
Matured, expired or settled contracts	(200,000,000)	0
Notional amounts at June 30	$ 549,000,000	$ 435,000,000
Weighted average forward rate at June 30	1.32	1.38
Active contracts at June 30 | Derivative	5	4

Financial Instruments and Fai_7

Financial Instruments and Fair Value Measurements - Summary of Activity in Interest Rate Swaps (Detail) - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Derivative [Line Items]
Notional amounts at January 1	$ 165,000,000
New contracts	1,004,000,000
Matured, expired or settled contracts	(722,000,000)
Notional amounts at June 30	447,000,000
Interest Rate Swaps [Member] | Cash Flow Hedges [Member] | Designated As Hedging Instrument [Member]
Derivative [Line Items]
Notional amounts at January 1		$ 415,000,000
New contracts		0
Matured, expired or settled contracts		(250,000,000)
Notional amounts at June 30		165,000,000
Interest Rate Swaps [Member] | EUR | Cash Flow Hedges [Member] | Designated As Hedging Instrument [Member]
Derivative [Line Items]
Notional amounts at January 1	165,000,000	165,000,000
New contracts	1,004,000,000	0
Matured, expired or settled contracts	(722,000,000)	0
Notional amounts at June 30	$ 447,000,000	165,000,000
Interest Rate Swaps [Member] | USD | Cash Flow Hedges [Member] | Designated As Hedging Instrument [Member]
Derivative [Line Items]
Notional amounts at January 1		250,000,000
New contracts		0
Matured, expired or settled contracts		(250,000,000)
Notional amounts at June 30		$ 0

Financial Instruments and Fai_8

Financial Instruments and Fair Value Measurements - Summary of Debt and Accrued Interest, Designated as Hedge (Detail) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Designated As Hedging Instrument [Member] | British Pound Sterling Senior Notes [Member]
Derivatives Fair Value [Line Items]
Senior Notes Outstanding	$ 1,303	$ 624

Financial Instruments and Fai_9

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, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Derivatives Fair Value [Line Items]
Unrealized gains (losses) on the unhedged portion	$ 332,517	$ (18,586)	$ 522,040	$ 153,173
Forward Contracts [Member]
Derivatives Fair Value [Line Items]
Unrealized gains (losses) on the unhedged portion	$ 34,000	$ (3,000)	$ 49,000	$ 43,000

Financial Instruments and Fa_10

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, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cumulative translation adjustment	$ 168,281	$ 3,038	$ 320,114	$ 186,465
Total foreign currency translation gains (losses), net	332,517	(18,586)	522,040	153,173
Total unrealized gains on derivative contracts, net	28,979	4,810	42,328	9,631
Total change in other comprehensive income	361,496	(13,776)	564,368	162,804
Designated As Hedging Instrument [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total derivative hedging instruments	56,364	(9,193)	60,457	(14,459)
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	107,872	(12,431)	141,469	(18,833)
Designated As Hedging Instrument [Member] | Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total derivative hedging instruments	24,524	6,003	28,946	7,374
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	$ 4,455	$ (1,193)	$ 13,382	$ 2,257

Financial Instruments and Fa_11

Financial Instruments and Fair Value Measurements - Summary of Changes in Other Comprehensive Income (Loss) (Parenthetical) (Detail) $ in Millions	Jun. 30, 2022 USD ($)
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	$ 1.1

Financial Instruments and Fa_12

Financial Instruments and Fair Value Measurements - Carrying Amounts and Estimated Fair Values of Debt (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value of Debt	$ 18,040,832	$ 17,715,054
Fair Value of Debt	15,494,291	17,915,994
Credit Facilities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value of Debt	612,267	491,393
Fair Value of Debt	612,267	491,429
Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value of Debt	15,546,790	14,981,690
Fair Value of Debt	13,014,900	15,151,781
Term Loans and Unsecured Other [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value of Debt	1,362,293	1,825,195
Fair Value of Debt	1,365,753	1,835,569
Secured Mortgage [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value of Debt	519,482	416,776
Fair Value of Debt	$ 501,371	$ 437,215

Business Segments - Additional

Business Segments - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2022 Segment
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, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Segment Reporting Information [Line Items]
Total revenues	$ 1,252,080	$ 1,150,842	$ 2,471,208	$ 2,299,158
Operating income	533,317	700,866	1,739,119	1,233,063
General and administrative expenses	83,114	74,342	157,760	152,374
Depreciation and amortization expenses	402,313	392,736	798,960	790,311
Gains on dispositions of development properties and land, net	105,802	187,361	316,008	361,004
Gains on other dispositions of investments in real estate, net	0	127,167	584,835	143,790
Earnings from unconsolidated entities, net	79,594	72,419	156,556	139,468
Interest expense	(60,293)	(68,412)	(124,357)	(139,693)
Interest and other income, net	6,227	715	7,280	5,461
Foreign currency and derivative gains (losses), net	138,155	(6,080)	185,511	74,072
Losses on early extinguishment of debt, net	(730)	0	(18,895)	(187,453)
Earnings before income taxes	696,270	699,508	1,945,214	1,124,918
Total assets	59,763,817		59,763,817		$ 58,486,220
Investments in and advances to unconsolidated entities	8,443,644		8,443,644		8,610,958
Assets held for sale or contribution	403,617		403,617		669,688
Cash and cash equivalents	437,515		437,515		556,117
Other assets	3,460,006		3,460,006		3,312,454
Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Total assets	49,769,733		49,769,733		48,088,165
Operating Segments [Member]
Segment Reporting Information [Line Items]
Operating income	912,942	853,416	1,794,996	1,670,954
Total assets	49,806,604		49,806,604		48,125,728
Operating Segments [Member] | Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Total revenues	1,095,841	1,021,455	2,181,044	2,049,810
Operating income	813,755	769,128	1,613,695	1,516,155
Operating Segments [Member] | Strategic Capital [Member]
Segment Reporting Information [Line Items]
Total revenues	156,239	129,387	290,164	249,348
Operating income	99,187	84,288	181,301	154,799
Total assets	36,871		36,871		37,563
Operating Segments [Member] | U.S. [Member] | Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Total revenues	1,046,347	971,698	2,085,338	1,946,781
Operating income	784,706	734,295	1,555,916	1,443,598
Total assets	45,145,760		45,145,760		44,136,140
Operating Segments [Member] | U.S. [Member] | Strategic Capital [Member]
Segment Reporting Information [Line Items]
Total revenues	50,866	35,870	101,501	69,853
Operating income	22,308	15,352	49,985	23,654
Total assets	11,348		11,348		11,984
Operating Segments [Member] | Other Americas [Member] | Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Total revenues	23,171	25,495	45,362	49,388
Operating income	16,835	19,229	32,942	36,824
Total assets	1,712,191		1,712,191		1,148,371
Operating Segments [Member] | Other Americas [Member] | Strategic Capital [Member]
Segment Reporting Information [Line Items]
Total revenues	32,812	19,475	44,465	30,138
Operating income	28,873	16,648	36,247	24,554
Operating Segments [Member] | Europe [Member] | Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Total revenues	11,700	13,372	23,708	32,228
Operating income	1,864	7,474	5,834	20,665
Total assets	1,864,969		1,864,969		1,837,800
Operating Segments [Member] | Europe [Member] | Strategic Capital [Member]
Segment Reporting Information [Line Items]
Total revenues	49,116	47,835	95,312	91,264
Operating income	34,159	36,278	66,622	68,449
Total assets	25,280		25,280		25,280
Operating Segments [Member] | Asia [Member] | Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Total revenues	14,623	10,890	26,636	21,413
Operating income	10,350	8,130	19,003	15,068
Total assets	1,046,813		1,046,813		965,854
Operating Segments [Member] | Asia [Member] | Strategic Capital [Member]
Segment Reporting Information [Line Items]
Total revenues	23,445	26,207	48,886	58,093
Operating income	13,847	16,010	28,447	38,142
Total assets	243		243		299
Reconciling Items [Member]
Segment Reporting Information [Line Items]
Operating income	533,317	700,866	1,739,119	1,233,063
General and administrative expenses	(83,114)	(74,342)	(157,760)	(152,374)
Depreciation and amortization expenses	(402,313)	(392,736)	(798,960)	(790,311)
Gains on dispositions of development properties and land, net	105,802	187,361	316,008	361,004
Gains on other dispositions of investments in real estate, net	0	127,167	584,835	143,790
Earnings from unconsolidated entities, net	79,594	72,419	156,556	139,468
Interest expense	(60,293)	(68,412)	(124,357)	(139,693)
Interest and other income, net	6,227	715	7,280	5,461
Foreign currency and derivative gains (losses), net	138,155	(6,080)	185,511	74,072
Losses on early extinguishment of debt, net	(730)	$ 0	(18,895)	$ (187,453)
Total assets	9,957,213		9,957,213		10,360,492
Investments in and advances to unconsolidated entities	8,443,644		8,443,644		8,610,958
Assets held for sale or contribution	403,617		403,617		669,688
Cash and cash equivalents	437,515		437,515		556,117
Other assets	$ 672,437		$ 672,437		$ 523,729

Business Segments - Segment R_2

Business Segments - Segment Reporting, Reconciliation of Revenues, Operating Income and Assets (Parenthetical) (Detail) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
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 ($) $ in Thousands, shares in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Supplemental Cash Flow Information [Line Items]
Lease Right-of-Use assets	$ 72,700	$ 10,000
Lease liabilities	72,700	10,000
Capitalization for equity based compensation expense	18,700	13,600
Debt	18,040,832		$ 17,715,054
Noncash acquisition, real estate acquired	10,000
Interest paid, net of amounts capitalized	142,200	179,800
Cash paid for income taxes, net of refunds	68,400	$ 72,000
Prologis, L.P. [Member]
Supplemental Cash Flow Information [Line Items]
Debt	$ 18,040,832		$ 17,715,054
Limited Partners [Member] | Prologis, L.P. [Member] | Common [Member]
Supplemental Cash Flow Information [Line Items]
PLD units redeemed for common shares	0.2	0.1
Unconsolidated Entities [Member]
Supplemental Cash Flow Information [Line Items]
Equity ownership interest received	$ 306,000	$ 173,700
Unconsolidated Ventures [Member]
Supplemental Cash Flow Information [Line Items]
Debt	$ 93,700