Prologis 10-Q 26 Apr 22 2022 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2022	Apr. 22, 2022
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
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		740,267,000
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	Mar. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
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	Mar. 31, 2022	Dec. 31, 2021
ASSETS
Investments in real estate properties	$ 53,543,018	$ 53,005,190
Less accumulated depreciation	7,941,540	7,668,187
Net investments in real estate properties	45,601,478	45,337,003
Investments in and advances to unconsolidated entities	8,679,011	8,610,958
Assets held for sale or contribution	373,664	669,688
Net investments in real estate	54,654,153	54,617,649
Cash and cash equivalents	1,912,750	556,117
Other assets	3,212,968	3,312,454
Total assets	59,779,871	58,486,220
Liabilities:
Debt	18,368,538	17,715,054
Accounts payable and accrued expenses	1,206,224	1,252,767
Other liabilities	1,742,907	1,776,189
Total liabilities	21,317,669	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 March 31, 2022 and December 31, 2021	63,948	63,948
Common stock; $0.01 par value; 740,189 shares and 739,827 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively	7,402	7,398
Additional paid-in capital	35,546,263	35,561,608
Accumulated other comprehensive loss	(681,120)	(878,253)
Distributions in excess of net earnings	(764,425)	(1,327,828)
Total Prologis, Inc. stockholders’ equity	34,172,068	33,426,873
Noncontrolling interests	4,290,134	4,315,337
Total equity	38,462,202	37,742,210
Total liabilities and equity	59,779,871	58,486,220
Partners’ capital:
Noncontrolling interests	4,290,134	4,315,337
Total equity	38,462,202	37,742,210
Prologis, L.P. [Member]
ASSETS
Investments in real estate properties	53,543,018	53,005,190
Less accumulated depreciation	7,941,540	7,668,187
Net investments in real estate properties	45,601,478	45,337,003
Investments in and advances to unconsolidated entities	8,679,011	8,610,958
Assets held for sale or contribution	373,664	669,688
Net investments in real estate	54,654,153	54,617,649
Cash and cash equivalents	1,912,750	556,117
Other assets	3,212,968	3,312,454
Total assets	59,779,871	58,486,220
Liabilities:
Debt	18,368,538	17,715,054
Accounts payable and accrued expenses	1,206,224	1,252,767
Other liabilities	1,742,907	1,776,189
Total liabilities	21,317,669	20,744,010
Prologis, Inc. stockholders’ equity:
Noncontrolling interests	3,324,050	3,397,538
Total liabilities and equity	59,779,871	58,486,220
Partners’ capital:
Total partners’ capital	35,138,152	34,344,672
Noncontrolling interests	3,324,050	3,397,538
Total capital	38,462,202	37,742,210
Prologis, L.P. [Member] | Preferred [Member]
Partners’ capital:
General partner	63,948	63,948
Prologis, L.P. [Member] | Common [Member]
Partners’ capital:
General partner	34,108,120	33,362,925
Limited partners	596,682	557,097
Prologis, L.P. [Member] | Class A Common [Member]
Partners’ capital:
Limited partners	$ 369,402	$ 360,702

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 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	740,189,000	739,827,000
Common stock, shares outstanding	740,189,000	739,827,000

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Revenues:
Rental		$ 1,076,861	$ 1,021,656
Strategic capital		133,925	119,961
Development management and other		8,342	6,699
Total revenues		1,219,128	1,148,316
Expenses:
Rental		275,674	277,884
Strategic capital		51,811	49,450
General and administrative		74,646	78,032
Depreciation and amortization		396,647	397,575
Other		9,589	3,444
Total expenses		808,367	806,385
Operating income before gains on real estate transactions, net		410,761	341,931
Gains on dispositions of development properties and land, net		210,206	173,643
Gains on other dispositions of investments in real estate, net		584,835	16,623
Operating income		1,205,802	532,197
Other income (expense):
Earnings from unconsolidated entities, net		76,962	67,049
Interest expense		(64,064)	(71,281)
Interest and other income, net		1,053	4,746
Foreign currency and derivative gains, net		47,356	80,152
Losses on early extinguishment of debt, net		(18,165)	(187,453)
Total other income (expense)		43,142	(106,787)
Earnings before income taxes		1,248,944	425,410
Income tax expense		(29,222)	(25,717)
Consolidated net earnings		1,219,722	399,693
Less net earnings attributable to noncontrolling interests		68,937	32,346
Net earnings attributable to controlling interests		1,150,785	367,347
Less preferred stock/unit dividends/distributions		1,531	1,532
Net earnings attributable to common stockholders/unitholders		$ 1,149,254	$ 365,815
Weighted average common shares/units outstanding - Basic		740,368	738,998
Weighted average common shares/units outstanding - Diluted	[1]	765,517	764,958
Net earnings per share/unit attributable to common stockholders/unitholders - Basic		$ 1.55	$ 0.50
Net earnings per share/unit attributable to common stockholders/unitholders - Diluted		$ 1.54	$ 0.49
Prologis, L.P. [Member]
Revenues:
Rental		$ 1,076,861	$ 1,021,656
Strategic capital		133,925	119,961
Development management and other		8,342	6,699
Total revenues		1,219,128	1,148,316
Expenses:
Rental		275,674	277,884
Strategic capital		51,811	49,450
General and administrative		74,646	78,032
Depreciation and amortization		396,647	397,575
Other		9,589	3,444
Total expenses		808,367	806,385
Operating income before gains on real estate transactions, net		410,761	341,931
Gains on dispositions of development properties and land, net		210,206	173,643
Gains on other dispositions of investments in real estate, net		584,835	16,623
Operating income		1,205,802	532,197
Other income (expense):
Earnings from unconsolidated entities, net		76,962	67,049
Interest expense		(64,064)	(71,281)
Interest and other income, net		1,053	4,746
Foreign currency and derivative gains, net		47,356	80,152
Losses on early extinguishment of debt, net		(18,165)	(187,453)
Total other income (expense)		43,142	(106,787)
Earnings before income taxes		1,248,944	425,410
Income tax expense		(29,222)	(25,717)
Consolidated net earnings		1,219,722	399,693
Less net earnings attributable to noncontrolling interests		36,666	22,078
Net earnings attributable to controlling interests		1,183,056	377,615
Less preferred stock/unit dividends/distributions		1,531	1,532
Net earnings attributable to common stockholders/unitholders		$ 1,181,525	$ 376,083
Weighted average common shares/units outstanding - Basic		753,159	751,679
Weighted average common shares/units outstanding - Diluted		765,517	764,958
Net earnings per share/unit attributable to common stockholders/unitholders - Basic		$ 1.55	$ 0.50
Net earnings per share/unit attributable to common stockholders/unitholders - Diluted		$ 1.54	$ 0.49
[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
	Mar. 31, 2022	Mar. 31, 2021
Consolidated net earnings	$ 1,219,722	$ 399,693
Other comprehensive income (loss):
Foreign currency translation gains, net	189,523	171,759
Unrealized gains on derivative contracts, net	13,349	4,821
Comprehensive income	1,422,594	576,273
Net earnings attributable to noncontrolling interests	(68,937)	(32,346)
Other comprehensive loss (income) attributable to noncontrolling interests	(5,739)	(4,392)
Comprehensive income attributable to common stockholders/unitholders	1,347,918	539,535
Prologis, L.P. [Member]
Consolidated net earnings	1,219,722	399,693
Other comprehensive income (loss):
Foreign currency translation gains, net	189,523	171,759
Unrealized gains on derivative contracts, net	13,349	4,821
Comprehensive income	1,422,594	576,273
Net earnings attributable to noncontrolling interests	(36,666)	(22,078)
Other comprehensive loss (income) attributable to noncontrolling interests	(155)	476
Comprehensive income attributable to common stockholders/unitholders	$ 1,385,773	$ 554,671

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	399,693					367,347	32,346
Effect of equity compensation plans	31,340		$ 3	4,039			27,298
Effect of equity compensation plans, shares			360
Capital contributions	120						120
Redemption of noncontrolling interests	(31,372)			233			(31,605)
Redemption of noncontrolling interests, shares			5
Foreign currency translation gains, net	171,759				167,499		4,260
Unrealized gains on derivative contracts, net	4,821				4,689		132
Reallocation of equity				(38,816)			38,816
Dividends and other distributions	(515,738)			(24)		(468,000)	(47,714)
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
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	$ 1,219,722					1,150,785	68,937
Effect of equity compensation plans	40,167		$ 3	4,217			35,947
Effect of equity compensation plans, shares			290
Capital contributions	434						434
Redemption of noncontrolling interests	(26,269)		$ 1	3,300			(29,570)
Redemption of noncontrolling interests, shares			72
Foreign currency translation gains, net	189,523				184,152		5,371
Unrealized gains on derivative contracts, net	13,349				12,981		368
Reallocation of equity				(22,852)			22,852
Dividends and other distributions	(716,934)			(10)		(587,382)	(129,542)
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		740,189

Consolidated Statements of Eq_2

Consolidated Statements of Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement Of Stockholders Equity [Abstract]
Dividends per common share	$ 0.79	$ 0.63

Consolidated Statements of Cash

Consolidated Statements of Cash Flows(Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Operating activities:
Consolidated net earnings	$ 1,219,722	$ 399,693
Adjustments to reconcile net earnings to net cash provided by operating activities:
Straight-lined rents and amortization of above and below market leases	(37,374)	(36,658)
Equity-based compensation awards	41,429	34,575
Depreciation and amortization	396,647	397,575
Earnings from unconsolidated entities, net	(76,962)	(67,049)
Operating distributions from unconsolidated entities	95,665	115,957
Decrease (increase) in operating receivables from unconsolidated entities	(819)	4,284
Amortization of debt discounts and debt issuance costs, net	1,980	2,091
Gains on dispositions of development properties and land, net	(210,206)	(173,643)
Gains on other dispositions of investments in real estate, net	(584,835)	(16,623)
Unrealized foreign currency and derivative gains, net	(33,273)	(81,726)
Losses on early extinguishment of debt, net	18,165	187,453
Deferred income tax expense	7,492	1,162
Decrease in accounts receivable and other assets	107,702	68,398
Decrease in accounts payable and accrued expenses and other liabilities	(103,806)	(18,795)
Net cash provided by operating activities	841,527	816,694
Investing activities:
Real estate development	(639,636)	(422,399)
Real estate acquisitions	(451,343)	(226,450)
Tenant improvements and lease commissions on previously leased space	(85,024)	(71,140)
Property improvements	(18,280)	(8,071)
Proceeds from dispositions and contributions of real estate	1,495,260	727,609
Investments in and advances to unconsolidated entities	(34,811)	(141,764)
Return of investment from unconsolidated entities	14,302	37,632
Proceeds from the settlement of net investment hedges	3,732	0
Payments on the settlement of net investment hedges	(771)	(2,511)
Net cash provided by (used in) investing activities	283,429	(107,094)
Financing activities:
Proceeds from issuance of common stock/units	0	709
Dividends/distributions paid on common and preferred stock/units	(587,382)	(468,000)
Noncontrolling interests contributions	434	120
Noncontrolling interests distributions	(129,542)	(47,714)
Settlement of noncontrolling interests	(26,269)	(31,372)
Tax paid with shares withheld	(22,602)	(16,955)
Debt and equity issuance costs paid	(8,058)	(11,661)
Net payments on credit facilities	(492,552)	(115,274)
Repurchase of and payments on debt	(332,995)	(1,931,983)
Proceeds from the issuance of debt	1,841,450	2,029,817
Net cash provided by (used in) financing activities	242,484	(592,313)
Effect of foreign currency exchange rate changes on cash	(10,807)	(39,299)
Net increase in cash and cash equivalents	1,356,633	77,988
Cash and cash equivalents, beginning of period	556,117	598,086
Cash and cash equivalents, end of period	1,912,750	676,074
Prologis, L.P. [Member]
Operating activities:
Consolidated net earnings	1,219,722	399,693
Adjustments to reconcile net earnings to net cash provided by operating activities:
Straight-lined rents and amortization of above and below market leases	(37,374)	(36,658)
Equity-based compensation awards	41,429	34,575
Depreciation and amortization	396,647	397,575
Earnings from unconsolidated entities, net	(76,962)	(67,049)
Operating distributions from unconsolidated entities	95,665	115,957
Decrease (increase) in operating receivables from unconsolidated entities	(819)	4,284
Amortization of debt discounts and debt issuance costs, net	1,980	2,091
Gains on dispositions of development properties and land, net	(210,206)	(173,643)
Gains on other dispositions of investments in real estate, net	(584,835)	(16,623)
Unrealized foreign currency and derivative gains, net	(33,273)	(81,726)
Losses on early extinguishment of debt, net	18,165	187,453
Deferred income tax expense	7,492	1,162
Decrease in accounts receivable and other assets	107,702	68,398
Decrease in accounts payable and accrued expenses and other liabilities	(103,806)	(18,795)
Net cash provided by operating activities	841,527	816,694
Investing activities:
Real estate development	(639,636)	(422,399)
Real estate acquisitions	(451,343)	(226,450)
Tenant improvements and lease commissions on previously leased space	(85,024)	(71,140)
Property improvements	(18,280)	(8,071)
Proceeds from dispositions and contributions of real estate	1,495,260	727,609
Investments in and advances to unconsolidated entities	(34,811)	(141,764)
Return of investment from unconsolidated entities	14,302	37,632
Proceeds from the settlement of net investment hedges	3,732	0
Payments on the settlement of net investment hedges	(771)	(2,511)
Net cash provided by (used in) investing activities	283,429	(107,094)
Financing activities:
Proceeds from issuance of common stock/units	0	709
Dividends/distributions paid on common and preferred stock/units	(606,181)	(483,928)
Noncontrolling interests contributions	434	120
Noncontrolling interests distributions	(110,743)	(31,786)
Redemption of common limited partnership units	(26,269)	(31,372)
Tax paid for shares of the Parent withheld	(22,602)	(16,955)
Debt and equity issuance costs paid	(8,058)	(11,661)
Net payments on credit facilities	(492,552)	(115,274)
Repurchase of and payments on debt	(332,995)	(1,931,983)
Proceeds from the issuance of debt	1,841,450	2,029,817
Net cash provided by (used in) financing activities	242,484	(592,313)
Effect of foreign currency exchange rate changes on cash	(10,807)	(39,299)
Net increase in cash and cash equivalents	1,356,633	77,988
Cash and cash equivalents, beginning of period	556,117	598,086
Cash and cash equivalents, end of period	$ 1,912,750	$ 676,074

Consolidated Statements of Capi

Consolidated Statements of Capital - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Consolidated net earnings	$ 1,219,722	$ 399,693
Effect of equity compensation plans	40,167	31,340
Capital contributions	434	120
Unrealized gains on derivative contracts, net	13,349	4,821
Noncontrolling Interests [Member]
Consolidated net earnings	68,937	32,346
Effect of equity compensation plans	35,947	27,298
Capital contributions	434	120
Unrealized gains on derivative contracts, net	$ 368	132
Class A Common [Member]
Beginning balance, Units	8,600
Ending balance, Units	8,600
Prologis, L.P. [Member]
Beginning balance	$ 37,742,210	36,324,580
Consolidated net earnings	1,219,722	399,693
Effect of equity compensation plans	40,167	31,340
Capital contributions	434	120
Redemption of limited partners units	(26,269)	(31,372)
Foreign currency translation gains (losses), net	189,523	171,759
Unrealized gains on derivative contracts, net	13,349	4,821
Distributions and other	(716,934)	(515,738)
Ending balance	38,462,202	36,385,203
Prologis, L.P. [Member] | Noncontrolling Interests [Member]
Beginning balance	3,397,538	3,483,526
Consolidated net earnings	36,666	22,078
Capital contributions	434	120
Foreign currency translation gains (losses), net	155	(476)
Distributions and other	(110,743)	(31,786)
Ending balance	3,324,050	3,473,462
Prologis, L.P. [Member] | Preferred [Member] | General Partner
Beginning balance	$ 63,948	$ 63,948
Beginning balance, Units	1,279	1,279
Ending balance	$ 63,948	$ 63,948
Ending balance, Units	1,279	1,279
Prologis, L.P. [Member] | Common [Member] | General Partner
Beginning balance	$ 33,362,925	$ 31,907,599
Beginning balance, Units	739,827	739,381
Consolidated net earnings	$ 1,150,785	$ 367,347
Effect of equity compensation plans	$ 4,220	$ 4,042
Effect of equity compensation plans, units	290	360
Redemption of limited partners units	$ 3,301	$ 233
Redemption of limited partners units, units	72	5
Foreign currency translation gains (losses), net	$ 184,152	$ 167,499
Unrealized gains on derivative contracts, net	12,981	4,689
Reallocation of capital	(22,852)	(38,816)
Distributions and other	(587,392)	(468,024)
Ending balance	$ 34,108,120	$ 31,944,569
Ending balance, Units	740,189	739,746
Prologis, L.P. [Member] | Common [Member] | Limited Partners [Member]
Beginning balance	$ 557,097	$ 523,954
Beginning balance, Units	12,354	12,142
Consolidated net earnings	$ 19,856	$ 6,277
Effect of equity compensation plans	$ 35,947	$ 27,298
Effect of equity compensation plans, units	837	1,055
Redemption of limited partners units	$ (29,570)	$ (31,605)
Redemption of limited partners units, units	(242)	(341)
Foreign currency translation gains (losses), net	$ 3,222	$ 2,911
Unrealized gains on derivative contracts, net	227	81
Reallocation of capital	23,144	36,630
Distributions and other	(13,241)	(10,370)
Ending balance	$ 596,682	$ 555,176
Ending balance, Units	12,949	12,856
Prologis, L.P. [Member] | Class A Common [Member] | Limited Partners [Member]
Beginning balance	$ 360,702	$ 345,553
Beginning balance, Units	8,595	8,595
Consolidated net earnings	$ 12,415	$ 3,991
Foreign currency translation gains (losses), net	1,994	1,825
Unrealized gains on derivative contracts, net	141	51
Reallocation of capital	(292)	2,186
Distributions and other	(5,558)	(5,558)
Ending balance	$ 369,402	$ 348,048
Ending balance, Units	8,595	8,595

Consolidated Statements of Ca_2

Consolidated Statements of Capital (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement Of Partners Capital [Abstract]
Distributions per common unit	$ 0.79	$ 0.63

General

General	3 Months Ended
	Mar. 31, 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 March 31, 2022, the Parent owned a 97.25% common general partnership interest in the OP and substantially all of the preferred units in the OP. The remaining 2.75% 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. 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. At March 31, 2022, our aggregate lender commitments in U.S. dollar on our global senior credit facilities remain indexed to U.S. dollar LIBOR. We anticipate modifications to these facilities prior to June 30, 2023, to not have a material impact on our Consolidated Financial Statements. We do not anticipate modifying any derivative financial instruments, as none are impacted by this ASU at March 31, 2022.

Real Estate

Real Estate	3 Months Ended
	Mar. 31, 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 Mar 31, Dec 31, Mar 31, Dec 31, Mar 31, Dec 31, 2022 2021 2022 2021 2022 2021 Operating properties: Buildings and improvements 446,572 444,413 2,308 2,310 $ 32,417,344 $ 32,159,514 Improved land 12,333,782 12,294,246 Development portfolio, including land costs: Prestabilized 8,752 6,325 27 16 974,598 710,091 Properties under development 30,429 28,638 97 83 2,294,107 2,019,249 Land (1) 2,513,854 2,519,590 Other real estate investments (2) 3,009,333 3,302,500 Total investments in real estate properties 53,543,018 53,005,190 Less accumulated depreciation 7,941,540 7,668,187 Net investments in real estate properties $ 45,601,478 $ 45,337,003 (1) At March 31, 2022 and December 31, 2021, our land was comprised of 6,196 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 March 31, 2022 2021 Number of operating properties 1 1 Square feet 303 25 Acquisition cost of net investments in real estate, excluding land and other real estate investments $ 82,201 $ 5,043 Acres of land 578 261 Acquisition cost of land $ 182,284 $ 224,007 Acquisition cost of other real estate investments $ 223,411 $ - 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 March 31, 2022 2021 Dispositions of development properties and land, net (1) Number of properties 7 8 Square feet 2,583 4,287 Net proceeds $ 442,555 $ 769,813 Gains on dispositions of development properties and land, net $ 210,206 $ 173,643 Other dispositions of investments in real estate, net Number of properties 102 1 Square feet 8,676 476 Net proceeds $ 1,264,280 $ 23,342 Gains on other dispositions of investments in real estate, net $ 584,835 $ 16,623 (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 $440.1 million and $459.4 million within Other Assets and lease liabilities of $430.3 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 March 31, 2022 and December 31, 2021, respectively.

Unconsolidated Entities

Unconsolidated Entities	3 Months Ended
	Mar. 31, 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): March 31, December 31, 2022 2021 Unconsolidated co-investment ventures $ 7,921,281 $ 7,825,455 Other ventures 757,730 785,503 Total $ 8,679,011 $ 8,610,958 Unconsolidated Co-Investment Ventures The following table summarizes the Strategic Capital Revenues Three Months Ended March 31, 2022 2021 Recurring fees $ 113,237 $ 91,037 Transactional fees 17,229 20,878 Promote revenue - 1,615 Total strategic capital revenues from unconsolidated co-investment ventures (1) $ 130,466 $ 113,530 (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: Mar 31, 2022 Dec 31, 2021 Mar 31, 2022 Dec 31, 2021 Mar 31, 2022 Dec 31, 2021 Mar 31, 2022 Dec 31, 2021 Mar 31, 2022 Dec 31, 2021 Key property information: Ventures 1 1 2 2 2 2 3 3 8 8 Operating properties 731 732 259 254 827 818 203 203 2,020 2,007 Square feet 122 122 58 56 200 198 82 82 462 458 Financial position: Total assets ($) 11,614 11,619 3,593 3,349 18,527 18,373 10,317 10,746 44,051 44,087 Third-party debt ($) 3,069 3,069 1,136 1,052 3,725 3,737 4,053 4,157 11,983 12,015 Total liabilities ($) 3,729 3,717 1,196 1,116 5,718 5,619 4,540 4,685 15,183 15,137 Our investment balance ($) (2) 2,403 2,393 859 840 3,843 3,712 816 880 7,921 7,825 Our weighted average ownership (3) 26.9 % 27.0 % 40.0 % 40.8 % 31.3 % 30.9 % 15.1 % 15.1 % 27.2 % 26.9 % U.S. Other Americas (1) Europe Asia Total Operating Information: Mar 31, 2022 Mar 31, 2021 Mar 31, 2022 Mar 31, 2021 Mar 31, 2022 Mar 31, 2021 Mar 31, 2022 Mar 31, 2021 Mar 31, 2022 Mar 31, 2021 For the three months ended: Total revenues ($) 286 254 89 75 356 338 169 159 900 826 Net earnings ($) 72 49 33 30 104 87 34 35 243 201 Our earnings from unconsolidated co-investment ventures, net ($) 19 13 12 12 31 28 6 6 68 59 (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 March 31, 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 ($157.8 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 March 31, 2022, our outstanding equity commitments were $319.2 million, principally for Prologis China Logistics Venture. The equity commitments expire from 2022 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	3 Months Ended
	Mar. 31, 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 March 31, 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): March 31, December 31, 2022 2021 Number of operating properties 10 14 Square feet 2,470 5,486 Total assets held for sale or contribution $ 373,664 $ 669,688 Total liabilities associated with assets held for sale or contribution – included in Other Liabilities $ 5,250 $ 10,631

Debt

Debt	3 Months Ended
	Mar. 31, 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): March 31, 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 - - $ - 0.8% 1.6 $ 491,393 Senior notes 1.6% 11.2 16,341,307 1.7% 11.6 14,981,690 Term loans and unsecured other 0.5% 3.9 1,751,284 0.5% 4.2 1,825,195 Secured mortgage 3.6% 5.8 275,947 5.1% 4.7 416,776 Total 1.5% 10.4 $ 18,368,538 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: March 31, 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 % $ 1,340,388 7.3 % 2.1 % $ 1,376,807 7.8 % Canadian dollar 2.9 % 287,413 1.6 % 2.7 % 283,773 1.6 % Euro 1.0 % 8,579,524 46.7 % 1.0 % 7,408,407 41.8 % Japanese yen 0.9 % 2,721,840 14.8 % 0.9 % 2,878,542 16.2 % U.S. dollar 2.5 % 5,439,373 29.6 % 2.6 % 5,767,525 32.6 % Total 1.5 % $ 18,368,538 100.0 % 1.6 % $ 17,715,054 100.0 % Credit Facilities We have two global senior credit facilities, the 2019 Global Facility and the 2021 Global Facility. We may draw in British pounds sterling, Canadian dollars, euro, Japanese yen, Mexican pesos The 2019 Global Facility is scheduled to initially mature in January 2023 and the 2021 Global Facility in April 2024; however, we may extend the maturity date for both facilities by six months on two occasions, subject to the payment of extension fees. We have the ability to increase the 2019 Global Facility to $4.5 billion and the 2021 Global Facility to $2.0 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 ($451.7 million at March 31, 2022). We have the ability to increase the borrowing capacity of the Yen Credit Facility to ¥75.0 billion ($615.9 million at March 31, 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 2019 Global Facility, the 2021 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 March 31, 2022 Aggregate lender commitments Credit Facilities $ 4,876 Less: Borrowings outstanding - Outstanding letters of credit 26 Current availability $ 4,850 Cash and cash equivalents 1,913 Total liquidity $ 6,763 Senior Notes The following table summarizes the issuances of senior notes during the three months ended March 31, 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 March 31, 2022 (in thousands): Unsecured Senior Term Loans Secured Maturity Notes and Other Mortgage Total 2022 (1) $ 333,030 $ 453,464 $ 5,681 $ 792,175 2023 (1) - 136,211 29,193 165,404 2024 333,030 - 6,574 339,604 2025 41,063 - 146,933 187,996 2026 954,929 698,073 3,466 1,656,468 Thereafter 14,766,221 468,119 74,629 15,308,969 Subtotal 16,428,273 1,755,867 266,476 18,450,616 Unamortized premiums (discounts), net (5,958 ) - 10,288 4,330 Unamortized debt issuance costs, net (81,008 ) (4,583 ) (817 ) (86,408 ) Total $ 16,341,307 $ 1,751,284 $ 275,947 $ 18,368,538 (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. Financial Debt Covenants Our senior notes, term loans and Credit Facilities outstanding at March 31, 2022 were subject to certain financial covenants under their related documents. At March 31, 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	3 Months Ended
	Mar. 31, 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 Mar 31, 2022 Dec 31, 2021 Mar 31, 2022 Dec 31, 2021 Mar 31, 2022 Dec 31, 2021 Mar 31, 2022 Dec 31, 2021 Prologis U.S. Logistics Venture 55.0 % 55.0 % $ 3,194,891 $ 3,264,337 $ 7,231,219 $ 7,397,195 $ 139,675 $ 147,545 Other consolidated entities (1) various various 129,159 133,201 1,452,588 1,453,236 161,006 162,598 Prologis, L.P. 3,324,050 3,397,538 8,683,807 8,850,431 300,681 310,143 Limited partners in Prologis, L.P. (2)(3) 966,084 917,799 - - - - Prologis, Inc. $ 4,290,134 $ 4,315,337 $ 8,683,807 $ 8,850,431 $ 300,681 $ 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 March 31, 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 March 31, 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, 8.4 million shares of the Parent’s common stock, at March 31, 2022 and December 31, 2021. Also included are the vested OP Long-Term Incentive Plan Units (“LTIP Units”) associated with our long-term compensation plan of 4.5 million and 4.0 million at March 31, 2022 and December 31, 2021, respectively. See further discussion of LTIP Units in Note 7.

Long-Term Compensation

Long-Term Compensation	3 Months Ended
	Mar. 31, 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. 18 Index Summary of Award Activity RSUs The following table summarizes the activity for RSUs for the three months ended March 31, 2022 (units in thousands): Weighted Average Unvested RSUs Grant Date Fair Value Balance at January 1, 2022 1,237 $ 87.87 Granted 490 119.86 Vested and distributed (344 ) 89.80 Forfeited (14 ) 100.82 Balance at March 31, 2022 1,369 $ 98.70 LTIP Units The following table summarizes the activity for LTIP Units for the three months ended March 31, 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 (706 ) 86.88 Balance at March 31, 2022 3,599 $ 66.09

Earnings Per Common Share or Un

Earnings Per Common Share or Unit	3 Months Ended
	Mar. 31, 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 March 31, Prologis, Inc. 2022 2021 Net earnings attributable to common stockholders – Basic $ 1,149,254 $ 365,815 Net earnings attributable to exchangeable limited partnership units (1) 32,338 10,320 Adjusted net earnings attributable to common stockholders – Diluted $ 1,181,592 $ 376,135 Weighted average common shares outstanding – Basic 740,368 738,998 Incremental weighted average effect on exchange of limited partnership units (1) 21,089 21,042 Incremental weighted average effect of equity awards 4,060 4,918 Weighted average common shares outstanding – Diluted (2) 765,517 764,958 Net earnings per share attributable to common stockholders: Basic $ 1.55 $ 0.50 Diluted $ 1.54 $ 0.49 Three Months Ended March 31, Prologis, L.P. 2022 2021 Net earnings attributable to common unitholders $ 1,181,525 $ 376,083 Net earnings attributable to Class A Units (12,415 ) (3,991 ) Net earnings attributable to common unitholders – Basic 1,169,110 372,092 Net earnings attributable to Class A Units 12,415 3,991 Net earnings attributable to exchangeable other limited partnership units 67 52 Adjusted net earnings attributable to common unitholders – Diluted $ 1,181,592 $ 376,135 Weighted average common partnership units outstanding – Basic 753,159 751,679 Incremental weighted average effect on exchange of Class A Units 7,999 8,062 Incremental weighted average effect on exchange of other limited partnership units 299 299 Incremental weighted average effect of equity awards of Prologis, Inc. 4,060 4,918 Weighted average common units outstanding – Diluted (2) 765,517 764,958 Net earnings per unit attributable to common unitholders: Basic $ 1.55 $ 0.50 Diluted $ 1.54 $ 0.49 (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 March 31, 2022 2021 Class A Units 7,999 8,062 Other limited partnership units 299 299 Equity awards 5,839 7,179 Prologis, L.P. 14,137 15,540 Common limited partnership units 12,791 12,681 Prologis, Inc. 26,928 28,221

Financial Instruments and Fair

Financial Instruments and Fair Value Measurements	3 Months Ended
	Mar. 31, 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 March 31, 2022 December 31, 2021 Asset Liability Asset Liability Undesignated derivatives Foreign currency contracts Forwards Brazilian real $ - $ 1,161 $ 664 $ - British pound sterling 10,476 2,268 5,361 3,492 Canadian dollar 1,741 3,261 2,856 1,790 Chinese renminbi 1 515 - 550 Euro 56,061 - 40,484 136 Japanese yen 31,104 - 23,341 - Swedish krona 5,227 39 3,773 201 Designated derivatives Foreign currency contracts Net investment hedges British pound sterling 14,171 86 9,158 2,683 Canadian dollar 2,733 5,261 5,410 823 Interest rate swaps Cash flow hedges Euro 973 - - - Total fair value of derivatives $ 122,487 $ 12,591 $ 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 three months ended March 31 (in millions, except for weighted average forward rates and number of active contracts): 2022 2021 CAD EUR GBP JPY SEK Other Total CAD EUR GBP JPY SEK Other Total Notional amounts at January 1 ($) 175 749 383 250 85 20 1,662 163 474 207 252 38 28 1,162 New contracts ($) 45 350 (21 ) 61 9 13 457 3 83 11 25 5 - 127 Matured, expired or settled contracts ($) (16 ) (182 ) (19 ) (22 ) (4 ) (4 ) (247 ) (11 ) (36 ) (16 ) (20 ) (4 ) (4 ) (91 ) Notional amounts at March 31 ($) 204 917 343 289 90 29 1,872 155 521 202 257 39 24 1,198 Weighted average forward rate at March 31 1.27 1.19 1.27 104.39 9.30 1.32 1.23 1.33 102.66 8.59 Active contracts at March 31 81 93 77 85 84 58 74 53 68 51 The following table summarizes the undesignated derivative financial instruments exercised and associated realized and unrealized gains (losses) in Foreign Currency and Derivative Gains, Net Three Months Ended March 31, 2022 2021 Exercised contracts 32 25 Realized gains (losses) on the matured, expired or settled contracts $ 15 $ (1 ) Unrealized gains on the change in fair value of outstanding contracts $ 15 $ 38 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 three months ended March 31 2022 2021 BRL CAD GBP Total CAD GBP Total Notional amounts at January 1 ($) - 535 432 967 377 135 512 New contracts ($) 44 204 229 477 250 300 550 Matured, expired or settled contracts ($) (44 ) (125 ) (100 ) (269 ) (63 ) - (63 ) Notional amounts at March 31 ($) - 614 561 1,175 564 435 999 Weighted average forward rate at March 31 - 1.26 1.35 1.29 1.38 Active contracts at March 31 - 7 5 7 4 Interest Rate Swaps The following table summarizes the activity of our interest rate swaps designated as cash flow hedges for the three months ended March 31 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 ($) (722 ) (722 ) - - - Notional amounts at March 31 ($) 447 447 165 250 415 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): March 31, 2022 December 31, 2021 British pound sterling $ 1,385 $ 624 The following table summarizes the unrealized gains (losses) in Foreign Currency and Derivative Gains, Net Three Months Ended March 31, 2022 2021 Unrealized gains on the unhedged portion $ 15 $ 46 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 March 31, 2022 2021 Derivative net investment hedges $ 4,093 $ (5,266 ) Debt designated as nonderivative net investment hedges 33,597 (6,402 ) Cumulative translation adjustment 151,833 183,427 Total foreign currency translation gains, net $ 189,523 $ 171,759 Cash flow hedges (1) $ 4,422 $ 1,371 Our share of derivatives from unconsolidated co-investment ventures 8,927 3,450 Total unrealized gains on derivative contracts, net $ 13,349 $ 4,821 Total change in other comprehensive income $ 202,872 $ 176,580 (1) We estimate an additional expense of $1.4 million will be reclassified to Interest Expense over the next 12 months from March 31, 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 March 31, 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 March 31, 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 March 31, 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 March 31, 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 March 31, 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 three months ended March 31, 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): March 31, 2022 December 31, 2021 Carrying Value Fair Value Carrying Value Fair Value Credit Facilities $ - $ - $ 491,393 $ 491,429 Senior notes 16,341,307 15,232,910 14,981,690 15,151,781 Term loans and unsecured other 1,751,284 1,757,948 1,825,195 1,835,569 Secured mortgage 275,947 269,220 416,776 437,215 Total $ 18,368,538 $ 17,260,078 $ 17,715,054 $ 17,915,994

Business Segments

Business Segments	3 Months Ended
	Mar. 31, 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 March 31, 2022 2021 Revenues: Real estate operations segment: U.S. $ 1,038,991 $ 975,083 Other Americas 22,191 23,893 Europe 12,008 18,856 Asia 12,013 10,523 Total real estate operations segment 1,085,203 1,028,355 Strategic capital segment: U.S. 50,635 33,983 Other Americas 11,653 10,663 Europe 46,196 43,429 Asia 25,441 31,886 Total strategic capital segment 133,925 119,961 Total revenues 1,219,128 1,148,316 Segment net operating income: Real estate operations segment: U.S. (1) 771,210 709,303 Other Americas 16,107 17,595 Europe 3,970 13,191 Asia 8,653 6,938 Total real estate operations segment 799,940 747,027 Strategic capital segment: U.S. (1) 27,677 8,302 Other Americas 7,374 7,906 Europe 32,463 32,171 Asia 14,600 22,132 Total strategic capital segment 82,114 70,511 Total segment net operating income 882,054 817,538 Reconciling items: General and administrative expenses (74,646 ) (78,032 ) Depreciation and amortization expenses (396,647 ) (397,575 ) Gains on dispositions of development properties and land, net 210,206 173,643 Gains on other dispositions of investments in real estate, net 584,835 16,623 Operating income 1,205,802 532,197 Earnings from unconsolidated entities, net 76,962 67,049 Interest expense (64,064 ) (71,281 ) Interest and other income, net 1,053 4,746 Foreign currency and derivative gains, net 47,356 80,152 Losses on early extinguishment of debt, net (18,165 ) (187,453 ) Earnings before income taxes $ 1,248,944 $ 425,410 March 31, 2022 December 31, 2021 Segment assets: Real estate operations segment: U.S. $ 44,170,370 $ 44,136,140 Other Americas 1,212,592 1,148,371 Europe 1,871,785 1,837,800 Asia 973,745 965,854 Total real estate operations segment 48,228,492 48,088,165 Strategic capital segment: (2) U.S. 11,666 11,984 Europe 25,280 25,280 Asia 277 299 Total strategic capital segment 37,223 37,563 Total segment assets 48,265,715 48,125,728 Reconciling items: Investments in and advances to unconsolidated entities 8,679,011 8,610,958 Assets held for sale or contribution 373,664 669,688 Cash and cash equivalents 1,912,750 556,117 Other assets 548,731 523,729 Total reconciling items 11,514,156 10,360,492 Total assets $ 59,779,871 $ 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 March 31, 2022 and December 31, 2021.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	3 Months Ended
	Mar. 31, 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 three months ended March 31, 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 $3.7 million in 2022 and $4.6 million in 2021 for both assets and liabilities. • We capitalized $10.6 million and $8.5 million in 2022 and 2021, respectively, of equity-based compensation expense. • We received $216.4 million and $39.1 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 0.1 million shares in 2022 and less than 0.1 million shares in 2021 of the Parent’s common stock upon redemption of an equal number of common limited partnership units in the OP. We paid $62.9 million and $89.5 million for interest, net of amounts capitalized, during the three months ended March 31, 2022 and 2021, respectively. We paid $30.7 million and $35.8 million for income taxes, net of refunds, during the three months ended March 31, 2022 and 2021, respectively.

General (Policies)

General (Policies)	3 Months Ended
	Mar. 31, 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 March 31, 2022, the Parent owned a 97.25% common general partnership interest in the OP and substantially all of the preferred units in the OP. The remaining 2.75% 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. 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. At March 31, 2022, our aggregate lender commitments in U.S. dollar on our global senior credit facilities remain indexed to U.S. dollar LIBOR. We anticipate modifications to these facilities prior to June 30, 2023, to not have a material impact on our Consolidated Financial Statements. We do not anticipate modifying any derivative financial instruments, as none are impacted by this ASU at March 31, 2022.

Real Estate (Tables)

Real Estate (Tables)	3 Months Ended
	Mar. 31, 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 Mar 31, Dec 31, Mar 31, Dec 31, Mar 31, Dec 31, 2022 2021 2022 2021 2022 2021 Operating properties: Buildings and improvements 446,572 444,413 2,308 2,310 $ 32,417,344 $ 32,159,514 Improved land 12,333,782 12,294,246 Development portfolio, including land costs: Prestabilized 8,752 6,325 27 16 974,598 710,091 Properties under development 30,429 28,638 97 83 2,294,107 2,019,249 Land (1) 2,513,854 2,519,590 Other real estate investments (2) 3,009,333 3,302,500 Total investments in real estate properties 53,543,018 53,005,190 Less accumulated depreciation 7,941,540 7,668,187 Net investments in real estate properties $ 45,601,478 $ 45,337,003 (1) At March 31, 2022 and December 31, 2021, our land was comprised of 6,196 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 March 31, 2022 2021 Number of operating properties 1 1 Square feet 303 25 Acquisition cost of net investments in real estate, excluding land and other real estate investments $ 82,201 $ 5,043 Acres of land 578 261 Acquisition cost of land $ 182,284 $ 224,007 Acquisition cost of other real estate investments $ 223,411 $ -
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 March 31, 2022 2021 Dispositions of development properties and land, net (1) Number of properties 7 8 Square feet 2,583 4,287 Net proceeds $ 442,555 $ 769,813 Gains on dispositions of development properties and land, net $ 210,206 $ 173,643 Other dispositions of investments in real estate, net Number of properties 102 1 Square feet 8,676 476 Net proceeds $ 1,264,280 $ 23,342 Gains on other dispositions of investments in real estate, net $ 584,835 $ 16,623 (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)	3 Months Ended
	Mar. 31, 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): March 31, December 31, 2022 2021 Unconsolidated co-investment ventures $ 7,921,281 $ 7,825,455 Other ventures 757,730 785,503 Total $ 8,679,011 $ 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: Mar 31, 2022 Dec 31, 2021 Mar 31, 2022 Dec 31, 2021 Mar 31, 2022 Dec 31, 2021 Mar 31, 2022 Dec 31, 2021 Mar 31, 2022 Dec 31, 2021 Key property information: Ventures 1 1 2 2 2 2 3 3 8 8 Operating properties 731 732 259 254 827 818 203 203 2,020 2,007 Square feet 122 122 58 56 200 198 82 82 462 458 Financial position: Total assets ($) 11,614 11,619 3,593 3,349 18,527 18,373 10,317 10,746 44,051 44,087 Third-party debt ($) 3,069 3,069 1,136 1,052 3,725 3,737 4,053 4,157 11,983 12,015 Total liabilities ($) 3,729 3,717 1,196 1,116 5,718 5,619 4,540 4,685 15,183 15,137 Our investment balance ($) (2) 2,403 2,393 859 840 3,843 3,712 816 880 7,921 7,825 Our weighted average ownership (3) 26.9 % 27.0 % 40.0 % 40.8 % 31.3 % 30.9 % 15.1 % 15.1 % 27.2 % 26.9 % U.S. Other Americas (1) Europe Asia Total Operating Information: Mar 31, 2022 Mar 31, 2021 Mar 31, 2022 Mar 31, 2021 Mar 31, 2022 Mar 31, 2021 Mar 31, 2022 Mar 31, 2021 Mar 31, 2022 Mar 31, 2021 For the three months ended: Total revenues ($) 286 254 89 75 356 338 169 159 900 826 Net earnings ($) 72 49 33 30 104 87 34 35 243 201 Our earnings from unconsolidated co-investment ventures, net ($) 19 13 12 12 31 28 6 6 68 59 (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 March 31, 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 ($157.8 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 March 31, 2022 2021 Recurring fees $ 113,237 $ 91,037 Transactional fees 17,229 20,878 Promote revenue - 1,615 Total strategic capital revenues from unconsolidated co-investment ventures (1) $ 130,466 $ 113,530 (1) These amounts exclude strategic capital revenues from other ventures.

Assets Held for Sale or Contr_2

Assets Held for Sale or Contribution (Tables)	3 Months Ended
	Mar. 31, 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): March 31, December 31, 2022 2021 Number of operating properties 10 14 Square feet 2,470 5,486 Total assets held for sale or contribution $ 373,664 $ 669,688 Total liabilities associated with assets held for sale or contribution – included in Other Liabilities $ 5,250 $ 10,631

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 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): March 31, 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 - - $ - 0.8% 1.6 $ 491,393 Senior notes 1.6% 11.2 16,341,307 1.7% 11.6 14,981,690 Term loans and unsecured other 0.5% 3.9 1,751,284 0.5% 4.2 1,825,195 Secured mortgage 3.6% 5.8 275,947 5.1% 4.7 416,776 Total 1.5% 10.4 $ 18,368,538 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: March 31, 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 % $ 1,340,388 7.3 % 2.1 % $ 1,376,807 7.8 % Canadian dollar 2.9 % 287,413 1.6 % 2.7 % 283,773 1.6 % Euro 1.0 % 8,579,524 46.7 % 1.0 % 7,408,407 41.8 % Japanese yen 0.9 % 2,721,840 14.8 % 0.9 % 2,878,542 16.2 % U.S. dollar 2.5 % 5,439,373 29.6 % 2.6 % 5,767,525 32.6 % Total 1.5 % $ 18,368,538 100.0 % 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 March 31, 2022 Aggregate lender commitments Credit Facilities $ 4,876 Less: Borrowings outstanding - Outstanding letters of credit 26 Current availability $ 4,850 Cash and cash equivalents 1,913 Total liquidity $ 6,763
Summary of Issuances of Senior Notes	The following table summarizes the issuances of senior notes during the three months ended March 31, 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 March 31, 2022 (in thousands): Unsecured Senior Term Loans Secured Maturity Notes and Other Mortgage Total 2022 (1) $ 333,030 $ 453,464 $ 5,681 $ 792,175 2023 (1) - 136,211 29,193 165,404 2024 333,030 - 6,574 339,604 2025 41,063 - 146,933 187,996 2026 954,929 698,073 3,466 1,656,468 Thereafter 14,766,221 468,119 74,629 15,308,969 Subtotal 16,428,273 1,755,867 266,476 18,450,616 Unamortized premiums (discounts), net (5,958 ) - 10,288 4,330 Unamortized debt issuance costs, net (81,008 ) (4,583 ) (817 ) (86,408 ) Total $ 16,341,307 $ 1,751,284 $ 275,947 $ 18,368,538 (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.

Noncontrolling Interests (Table

Noncontrolling Interests (Tables)	3 Months Ended
	Mar. 31, 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 Mar 31, 2022 Dec 31, 2021 Mar 31, 2022 Dec 31, 2021 Mar 31, 2022 Dec 31, 2021 Mar 31, 2022 Dec 31, 2021 Prologis U.S. Logistics Venture 55.0 % 55.0 % $ 3,194,891 $ 3,264,337 $ 7,231,219 $ 7,397,195 $ 139,675 $ 147,545 Other consolidated entities (1) various various 129,159 133,201 1,452,588 1,453,236 161,006 162,598 Prologis, L.P. 3,324,050 3,397,538 8,683,807 8,850,431 300,681 310,143 Limited partners in Prologis, L.P. (2)(3) 966,084 917,799 - - - - Prologis, Inc. $ 4,290,134 $ 4,315,337 $ 8,683,807 $ 8,850,431 $ 300,681 $ 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 March 31, 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 March 31, 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, 8.4 million shares of the Parent’s common stock, at March 31, 2022 and December 31, 2021. Also included are the vested OP Long-Term Incentive Plan Units (“LTIP Units”) associated with our long-term compensation plan of 4.5 million and 4.0 million at March 31, 2022 and December 31, 2021, respectively. See further discussion of LTIP Units in Note 7.

Long-Term Compensation (Tables)

Long-Term Compensation (Tables)	3 Months Ended
	Mar. 31, 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 three months ended March 31, 2022 (units in thousands): Weighted Average Unvested RSUs Grant Date Fair Value Balance at January 1, 2022 1,237 $ 87.87 Granted 490 119.86 Vested and distributed (344 ) 89.80 Forfeited (14 ) 100.82 Balance at March 31, 2022 1,369 $ 98.70
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 three months ended March 31, 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 (706 ) 86.88 Balance at March 31, 2022 3,599 $ 66.09

Earnings Per Common Share or _2

Earnings Per Common Share or Unit (Tables)	3 Months Ended
	Mar. 31, 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 March 31, Prologis, Inc. 2022 2021 Net earnings attributable to common stockholders – Basic $ 1,149,254 $ 365,815 Net earnings attributable to exchangeable limited partnership units (1) 32,338 10,320 Adjusted net earnings attributable to common stockholders – Diluted $ 1,181,592 $ 376,135 Weighted average common shares outstanding – Basic 740,368 738,998 Incremental weighted average effect on exchange of limited partnership units (1) 21,089 21,042 Incremental weighted average effect of equity awards 4,060 4,918 Weighted average common shares outstanding – Diluted (2) 765,517 764,958 Net earnings per share attributable to common stockholders: Basic $ 1.55 $ 0.50 Diluted $ 1.54 $ 0.49 Three Months Ended March 31, Prologis, L.P. 2022 2021 Net earnings attributable to common unitholders $ 1,181,525 $ 376,083 Net earnings attributable to Class A Units (12,415 ) (3,991 ) Net earnings attributable to common unitholders – Basic 1,169,110 372,092 Net earnings attributable to Class A Units 12,415 3,991 Net earnings attributable to exchangeable other limited partnership units 67 52 Adjusted net earnings attributable to common unitholders – Diluted $ 1,181,592 $ 376,135 Weighted average common partnership units outstanding – Basic 753,159 751,679 Incremental weighted average effect on exchange of Class A Units 7,999 8,062 Incremental weighted average effect on exchange of other limited partnership units 299 299 Incremental weighted average effect of equity awards of Prologis, Inc. 4,060 4,918 Weighted average common units outstanding – Diluted (2) 765,517 764,958 Net earnings per unit attributable to common unitholders: Basic $ 1.55 $ 0.50 Diluted $ 1.54 $ 0.49 (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 March 31, 2022 2021 Class A Units 7,999 8,062 Other limited partnership units 299 299 Equity awards 5,839 7,179 Prologis, L.P. 14,137 15,540 Common limited partnership units 12,791 12,681 Prologis, Inc. 26,928 28,221

Financial Instruments and Fai_2

Financial Instruments and Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 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 March 31, 2022 December 31, 2021 Asset Liability Asset Liability Undesignated derivatives Foreign currency contracts Forwards Brazilian real $ - $ 1,161 $ 664 $ - British pound sterling 10,476 2,268 5,361 3,492 Canadian dollar 1,741 3,261 2,856 1,790 Chinese renminbi 1 515 - 550 Euro 56,061 - 40,484 136 Japanese yen 31,104 - 23,341 - Swedish krona 5,227 39 3,773 201 Designated derivatives Foreign currency contracts Net investment hedges British pound sterling 14,171 86 9,158 2,683 Canadian dollar 2,733 5,261 5,410 823 Interest rate swaps Cash flow hedges Euro 973 - - - Total fair value of derivatives $ 122,487 $ 12,591 $ 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, Net Three Months Ended March 31, 2022 2021 Exercised contracts 32 25 Realized gains (losses) on the matured, expired or settled contracts $ 15 $ (1 ) Unrealized gains on the change in fair value of outstanding contracts $ 15 $ 38
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 three months ended March 31 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 ($) (722 ) (722 ) - - - Notional amounts at March 31 ($) 447 447 165 250 415
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): March 31, 2022 December 31, 2021 British pound sterling $ 1,385 $ 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, Net Three Months Ended March 31, 2022 2021 Unrealized gains on the unhedged portion $ 15 $ 46
Summary of Changes in Other Comprehensive Income (Loss)	The following table presents these changes in Other Comprehensive Income (Loss) Three Months Ended March 31, 2022 2021 Derivative net investment hedges $ 4,093 $ (5,266 ) Debt designated as nonderivative net investment hedges 33,597 (6,402 ) Cumulative translation adjustment 151,833 183,427 Total foreign currency translation gains, net $ 189,523 $ 171,759 Cash flow hedges (1) $ 4,422 $ 1,371 Our share of derivatives from unconsolidated co-investment ventures 8,927 3,450 Total unrealized gains on derivative contracts, net $ 13,349 $ 4,821 Total change in other comprehensive income $ 202,872 $ 176,580 (1) We estimate an additional expense of $1.4 million will be reclassified to Interest Expense over the next 12 months from March 31, 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): March 31, 2022 December 31, 2021 Carrying Value Fair Value Carrying Value Fair Value Credit Facilities $ - $ - $ 491,393 $ 491,429 Senior notes 16,341,307 15,232,910 14,981,690 15,151,781 Term loans and unsecured other 1,751,284 1,757,948 1,825,195 1,835,569 Secured mortgage 275,947 269,220 416,776 437,215 Total $ 18,368,538 $ 17,260,078 $ 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 three months ended March 31 (in millions, except for weighted average forward rates and number of active contracts): 2022 2021 CAD EUR GBP JPY SEK Other Total CAD EUR GBP JPY SEK Other Total Notional amounts at January 1 ($) 175 749 383 250 85 20 1,662 163 474 207 252 38 28 1,162 New contracts ($) 45 350 (21 ) 61 9 13 457 3 83 11 25 5 - 127 Matured, expired or settled contracts ($) (16 ) (182 ) (19 ) (22 ) (4 ) (4 ) (247 ) (11 ) (36 ) (16 ) (20 ) (4 ) (4 ) (91 ) Notional amounts at March 31 ($) 204 917 343 289 90 29 1,872 155 521 202 257 39 24 1,198 Weighted average forward rate at March 31 1.27 1.19 1.27 104.39 9.30 1.32 1.23 1.33 102.66 8.59 Active contracts at March 31 81 93 77 85 84 58 74 53 68 51
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 three months ended March 31 2022 2021 BRL CAD GBP Total CAD GBP Total Notional amounts at January 1 ($) - 535 432 967 377 135 512 New contracts ($) 44 204 229 477 250 300 550 Matured, expired or settled contracts ($) (44 ) (125 ) (100 ) (269 ) (63 ) - (63 ) Notional amounts at March 31 ($) - 614 561 1,175 564 435 999 Weighted average forward rate at March 31 - 1.26 1.35 1.29 1.38 Active contracts at March 31 - 7 5 7 4

Business Segments (Tables)

Business Segments (Tables)	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Segment Reporting, Reconciliation of Revenues, Operating Income and Assets	The following reconciliations are presented in thousands: Three Months Ended March 31, 2022 2021 Revenues: Real estate operations segment: U.S. $ 1,038,991 $ 975,083 Other Americas 22,191 23,893 Europe 12,008 18,856 Asia 12,013 10,523 Total real estate operations segment 1,085,203 1,028,355 Strategic capital segment: U.S. 50,635 33,983 Other Americas 11,653 10,663 Europe 46,196 43,429 Asia 25,441 31,886 Total strategic capital segment 133,925 119,961 Total revenues 1,219,128 1,148,316 Segment net operating income: Real estate operations segment: U.S. (1) 771,210 709,303 Other Americas 16,107 17,595 Europe 3,970 13,191 Asia 8,653 6,938 Total real estate operations segment 799,940 747,027 Strategic capital segment: U.S. (1) 27,677 8,302 Other Americas 7,374 7,906 Europe 32,463 32,171 Asia 14,600 22,132 Total strategic capital segment 82,114 70,511 Total segment net operating income 882,054 817,538 Reconciling items: General and administrative expenses (74,646 ) (78,032 ) Depreciation and amortization expenses (396,647 ) (397,575 ) Gains on dispositions of development properties and land, net 210,206 173,643 Gains on other dispositions of investments in real estate, net 584,835 16,623 Operating income 1,205,802 532,197 Earnings from unconsolidated entities, net 76,962 67,049 Interest expense (64,064 ) (71,281 ) Interest and other income, net 1,053 4,746 Foreign currency and derivative gains, net 47,356 80,152 Losses on early extinguishment of debt, net (18,165 ) (187,453 ) Earnings before income taxes $ 1,248,944 $ 425,410 March 31, 2022 December 31, 2021 Segment assets: Real estate operations segment: U.S. $ 44,170,370 $ 44,136,140 Other Americas 1,212,592 1,148,371 Europe 1,871,785 1,837,800 Asia 973,745 965,854 Total real estate operations segment 48,228,492 48,088,165 Strategic capital segment: (2) U.S. 11,666 11,984 Europe 25,280 25,280 Asia 277 299 Total strategic capital segment 37,223 37,563 Total segment assets 48,265,715 48,125,728 Reconciling items: Investments in and advances to unconsolidated entities 8,679,011 8,610,958 Assets held for sale or contribution 373,664 669,688 Cash and cash equivalents 1,912,750 556,117 Other assets 548,731 523,729 Total reconciling items 11,514,156 10,360,492 Total assets $ 59,779,871 $ 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 March 31, 2022 and December 31, 2021.

General - Additional Informatio

General - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2022Segment
General [Line Items]
Number of reportable segments	2
Unaffiliated Investors and Certain Current and Former Directors and Officers [Member]
General [Line Items]
Percentage of common limited partnership interest	2.75%
General Partner | Prologis LP [Member]
General [Line Items]
Percentage of ownership in operating partnership	97.25%

Real Estate - Investments in Re

Real Estate - Investments in Real Estate Properties (Detail) ft² in Thousands, $ in Thousands		Mar. 31, 2022USD ($)ft²aBuilding	Dec. 31, 2021USD ($)ft²aBuilding
Real Estate Properties [Line Items]
Total investments in real estate properties		$ 53,543,018	$ 53,005,190
Less accumulated depreciation		7,941,540	7,668,187
Net investments in real estate properties		45,601,478	45,337,003
Improved Land [Member]
Real Estate Properties [Line Items]
Total investments in real estate properties		$ 12,333,782	$ 12,294,246
Building and Improvements [Member]
Real Estate Properties [Line Items]
Square Feet | ft²		446,572	444,413
Number of buildings | Building		2,308	2,310
Total investments in real estate properties		$ 32,417,344	$ 32,159,514
Development Portfolio, Including Cost of Land: Pre-stabilized [Member]
Real Estate Properties [Line Items]
Square Feet | ft²		8,752	6,325
Number of buildings | Building		27	16
Total investments in real estate properties		$ 974,598	$ 710,091
Properties Under Development [Member]
Real Estate Properties [Line Items]
Square Feet | ft²		30,429	28,638
Number of buildings | Building		97	83
Total investments in real estate properties		$ 2,294,107	$ 2,019,249
Land [Member]
Real Estate Properties [Line Items]
Square Feet | a		6,196	6,227
Total investments in real estate properties	[1]	$ 2,513,854	$ 2,519,590
Other Real Estate Investments [Member]
Real Estate Properties [Line Items]
Total investments in real estate properties	[2]	$ 3,009,333	$ 3,302,500
[1]	At March 31, 2022 and December 31, 2021, our land was comprised of 6,196 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.

Real Estate - Investments in _2

Real Estate - Investments in Real Estate Properties (Parenthetical) (Detail) - a	Mar. 31, 2022	Dec. 31, 2021
Land [Member]
Real Estate Properties [Line Items]
Square Feet	6,196	6,227

Real Estate - Summary of Acquis

Real Estate - Summary of Acquisition (Detail) ft² in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)ft²aProperty	Mar. 31, 2021USD ($)ft²aProperty
Business Acquisition [Line Items]
Number of operating properties | Property	1	1
Square feet | ft²	303	25
Acquisition cost of net investments in real estate, excluding land and other real estate investments	$ 82,201	$ 5,043
Acquisition cost of land	182,284	224,007
Acquisition cost of other real estate investments	$ 223,411	$ 0
Acquisitions of Properties from Third Parties [Member] | Land [Member]
Business Acquisition [Line Items]
Acres of land | a	578	261

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
		Mar. 31, 2022USD ($)ft²Property	Mar. 31, 2021USD ($)ft²Property
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]	$ 210,206	$ 173,643
Gains on other dispositions of investments in real estate, net		$ 584,835	$ 16,623
Discontinuing Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of buildings | Property	[1]	7	8
Square feet | ft²	[1]	2,583	4,287
Net proceeds	[1]	$ 442,555	$ 769,813
Continuing Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of buildings | Property		102	1
Square feet | ft²		8,676	476
Net proceeds		$ 1,264,280	$ 23,342
[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	Mar. 31, 2022	Dec. 31, 2021
Real Estate [Abstract]
Operating lease right-of-use assets	$ 440.1	$ 459.4
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other assets	Other assets
Lease liabilities	$ 430.3	$ 448.4
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Other liabilities	Other liabilities

Unconsolidated Entities - Summa

Unconsolidated Entities - Summary of Operating Information and Financial Position of Unconsolidated Co-investment Ventures (Parenthetical) (Detail) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Equity Method Investments And Joint Ventures [Abstract]
Receivables from unconsolidated co-investment ventures	$ 157.8	$ 157.8

Unconsolidated Entities - Sum_2

Unconsolidated Entities - Summary of Investments in and Advances to our Unconsolidated Entities (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Schedule Of Equity Method Investments [Line Items]
Investments in and advances to unconsolidated entities	$ 8,679,011	$ 8,610,958
Unconsolidated Co-Investment Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Investments in and advances to unconsolidated entities	7,921,281	7,825,455
Other Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Investments in and advances to unconsolidated entities	$ 757,730	$ 785,503

Unconsolidated Entities - Sum_3

Unconsolidated Entities - Summary of Strategic Capital Revenues Recognized in Consolidated Statements of Income Related to Co-Investment Ventures (Detail) - Unconsolidated Co-Investment Ventures [Member] - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Schedule Of Equity Method Investments [Line Items]
Recurring fees		$ 113,237	$ 91,037
Transactional fees		17,229	20,878
Promote revenue		0	1,615
Total strategic capital revenues from unconsolidated co-investment ventures	[1]	$ 130,466	$ 113,530
[1]	These amounts exclude strategic capital revenues from other ventures.

Unconsolidated Entities - Sum_4

Unconsolidated Entities - Summary of Operating Information and Financial Position of Unconsolidated Co-investment Ventures (Detail) $ in Thousands, ft² in Millions		3 Months Ended
		Mar. 31, 2022USD ($)ft²PropertyVenture	Sep. 30, 2021USD ($)	Mar. 31, 2021USD ($)	Sep. 30, 2020USD ($)	Dec. 31, 2021USD ($)ft²PropertyVenture
Schedule Of Equity Method Investments [Line Items]
Total assets		$ 59,779,871				$ 58,486,220
Total liabilities		21,317,669				$ 20,744,010
Total revenues		1,219,128		$ 1,148,316
Consolidated net earnings		1,219,722		399,693
Our earnings from unconsolidated co-investment ventures, net		$ 76,962		$ 67,049
Unconsolidated Co-Investment Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Ventures | Venture		8				8
Number of buildings | Property		2,020				2,007
Square feet | ft²		462				458
Total assets		$ 44,051,000				$ 44,087,000
Third-party debt		11,983,000				12,015,000
Total liabilities		15,183,000				15,137,000
Our investment balance	[1]	$ 7,921,000				$ 7,825,000
Total revenues			$ 900,000		$ 826,000
Consolidated net earnings			243,000		201,000
Our earnings from unconsolidated co-investment ventures, net			68,000		59,000
Unconsolidated Co-Investment Ventures [Member] | U.S. [Member]
Schedule Of Equity Method Investments [Line Items]
Ventures | Venture		1				1
Number of buildings | Property		731				732
Square feet | ft²		122				122
Total assets		$ 11,614,000				$ 11,619,000
Third-party debt		3,069,000				3,069,000
Total liabilities		3,729,000				3,717,000
Our investment balance	[1]	$ 2,403,000				$ 2,393,000
Total revenues			286,000		254,000
Consolidated net earnings			72,000		49,000
Our earnings from unconsolidated co-investment ventures, net			19,000		13,000
Unconsolidated Co-Investment Ventures [Member] | Other Americas [Member]
Schedule Of Equity Method Investments [Line Items]
Ventures | Venture	[2]	2				2
Number of buildings | Property	[2]	259				254
Square feet | ft²	[2]	58				56
Total assets	[2]	$ 3,593,000				$ 3,349,000
Third-party debt	[2]	1,136,000				1,052,000
Total liabilities	[2]	1,196,000				1,116,000
Our investment balance	[1],[2]	$ 859,000				$ 840,000
Total revenues	[2]		89,000		75,000
Consolidated net earnings	[2]		33,000		30,000
Our earnings from unconsolidated co-investment ventures, net	[2]		12,000		12,000
Unconsolidated Co-Investment Ventures [Member] | Europe [Member]
Schedule Of Equity Method Investments [Line Items]
Ventures | Venture		2				2
Number of buildings | Property		827				818
Square feet | ft²		200				198
Total assets		$ 18,527,000				$ 18,373,000
Third-party debt		3,725,000				3,737,000
Total liabilities		5,718,000				5,619,000
Our investment balance	[1]	$ 3,843,000				$ 3,712,000
Total revenues			356,000		338,000
Consolidated net earnings			104,000		87,000
Our earnings from unconsolidated co-investment ventures, net			31,000		28,000
Unconsolidated Co-Investment Ventures [Member] | Asia [Member]
Schedule Of Equity Method Investments [Line Items]
Ventures | Venture		3				3
Number of buildings | Property		203				203
Square feet | ft²		82				82
Total assets		$ 10,317,000				$ 10,746,000
Third-party debt		4,053,000				4,157,000
Total liabilities		4,540,000				4,685,000
Our investment balance	[1]	$ 816,000				$ 880,000
Total revenues			169,000		159,000
Consolidated net earnings			34,000		35,000
Our earnings from unconsolidated co-investment ventures, net			$ 6,000		$ 6,000
Unconsolidated Co-Investment Ventures [Member] | Weighted Average [Member]
Schedule Of Equity Method Investments [Line Items]
Our weighted average ownership	[3]	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%				27.00%
Unconsolidated Co-Investment Ventures [Member] | Weighted Average [Member] | Other Americas [Member]
Schedule Of Equity Method Investments [Line Items]
Our weighted average ownership	[2],[3]	40.00%				40.80%
Unconsolidated Co-Investment Ventures [Member] | Weighted Average [Member] | Europe [Member]
Schedule Of Equity Method Investments [Line Items]
Our weighted average ownership	[3]	31.30%				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%
[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 March 31, 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 ($157.8 million and $149.5 million, respectively); and (iv) customer security deposits retained subsequent to property contributions to Nippon Prologis REIT, Inc.
[2]	Prologis Brazil Logistics Venture (“PBLV”) and our other Brazilian joint ventures are combined as one venture for the purpose of this table.
[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.

Unconsolidated Entities - Addit

Unconsolidated Entities - Additional Information (Detail) - Prologis, Inc. [Member] $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)
Schedule Of Equity Method Investments [Line Items]
Remaining equity commitments	$ 319.2
Expiration date for remaining commitments range start	2022
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	Mar. 31, 2022USD ($)ft²Property	Dec. 31, 2021USD ($)ft²Property
Long Lived Assets Held For Sale [Line Items]
Total assets held for sale or contribution	$ 373,664	$ 669,688
Total liabilities associated with assets held for sale or contribution – included in Other Liabilities	$ 5,250	$ 10,631
Disposal Group Held for Sale Not Discontinued Operations [Member]
Long Lived Assets Held For Sale [Line Items]
Number of operating properties | Property	10	14
Square feet | ft²	2,470	5,486

Debt - Additional Information (

Debt - Additional Information (Detail) $ in Millions, ¥ in Billions	1 Months Ended			3 Months Ended
	Oct. 31, 2018	Aug. 31, 2018	Jul. 31, 2018	Mar. 31, 2022USD ($)	Mar. 31, 2022JPY (¥)
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity				$ 4,876
Prologis Euro Finance L L C [Member]
Debt Instrument [Line Items]
Percentage of ownership in operating partnership			100.00%
Prologis Yen Finance LLC [Member]
Debt Instrument [Line Items]
Percentage of ownership in operating partnership		100.00%
Prologis Sterling Finance LLC [Member]
Debt Instrument [Line Items]
Percentage of ownership in operating partnership	100.00%
Global Credit Facility 2019 [Member]
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity				$ 3,500
Debt Instrument maturity date				2023-01
Ability to increase borrowing capacity subject to currency fluctuations and obtaining additional lender commitments				$ 4,500
Global Credit Facility 2021 [Member]
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity				$ 1,000
Debt Instrument maturity date				2024-04
Ability to increase borrowing capacity subject to currency fluctuations and obtaining additional lender commitments				$ 2,000
Yen Credit Facility [Member]
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity				$ 615.9	¥ 75
Debt Instrument maturity date				2024-07
Credit facility maximum borrowing capacity				$ 451.7	¥ 55

Debt - Debt Summary (Detail)

Debt - Debt Summary (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Weighted Average Interest Rate	1.50%	1.60%
Weighted Average Term	10 years 4 months 24 days	10 years 4 months 24 days
Debt	$ 18,368,538	$ 17,715,054
Credit Facilities [Member]
Debt Instrument [Line Items]
Weighted Average Interest Rate	0.00%	0.80%
Weighted Average Term	0 years	1 year 7 months 6 days
Debt	$ 0	$ 491,393
Senior Notes [Member]
Debt Instrument [Line Items]
Weighted Average Interest Rate	1.60%	1.70%
Weighted Average Term	11 years 2 months 12 days	11 years 7 months 6 days
Debt	$ 16,341,307	$ 14,981,690
Term Loans and Unsecured Other [Member]
Debt Instrument [Line Items]
Weighted Average Interest Rate	0.50%	0.50%
Weighted Average Term	3 years 10 months 24 days	4 years 2 months 12 days
Debt	$ 1,751,284	$ 1,825,195
Secured Mortgage [Member]
Debt Instrument [Line Items]
Weighted Average Interest Rate	3.60%	5.10%
Weighted Average Term	5 years 9 months 18 days	4 years 8 months 12 days
Debt	$ 275,947	$ 416,776

Debt - Debt Summary (Parentheti

Debt - Debt Summary (Parenthetical) (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Weighted Average Interest Rate	1.50%	1.60%
Debt	$ 18,368,538	$ 17,715,054
Percentage of outstanding debt	100.00%	100.00%
GBP
Debt Instrument [Line Items]
Weighted Average Interest Rate	2.10%	2.10%
Debt	$ 1,340,388	$ 1,376,807
Percentage of outstanding debt	7.30%	7.80%
CAD
Debt Instrument [Line Items]
Weighted Average Interest Rate	2.90%	2.70%
Debt	$ 287,413	$ 283,773
Percentage of outstanding debt	1.60%	1.60%
EUR
Debt Instrument [Line Items]
Weighted Average Interest Rate	1.00%	1.00%
Debt	$ 8,579,524	$ 7,408,407
Percentage of outstanding debt	46.70%	41.80%
JPY
Debt Instrument [Line Items]
Weighted Average Interest Rate	0.90%	0.90%
Debt	$ 2,721,840	$ 2,878,542
Percentage of outstanding debt	14.80%	16.20%
USD
Debt Instrument [Line Items]
Weighted Average Interest Rate	2.50%	2.60%
Debt	$ 5,439,373	$ 5,767,525
Percentage of outstanding debt	29.60%	32.60%

Debt - Schedule of Current Avai

Debt - Schedule of Current Availability on Debt and Cash (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
Credit Facilities	$ 4,876,000
Borrowings outstanding	0
Outstanding letters of credit	26,000
Current availability	4,850,000
Cash and cash equivalents	1,912,750	$ 556,117	$ 676,074	$ 598,086
Total liquidity	$ 6,763,000

Debt - Summary of Issuances of

Debt - Summary of Issuances of Senior Notes (Detail) - Issuance of Senior Notes € in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)	Mar. 31, 2022EUR (€)
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	1.00%	1.00%
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		Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
2022	[1]	$ 792,175
2023	[1]	165,404
2024		339,604
2025		187,996
2026		1,656,468
Thereafter		15,308,969
Subtotal		18,450,616
Unamortized premiums (discounts), net		4,330
Unamortized debt issuance costs, net		(86,408)
Total		18,368,538	$ 17,715,054
Senior Notes [Member]
Debt Instrument [Line Items]
2022	[1]	333,030
2023	[1]	0
2024		333,030
2025		41,063
2026		954,929
Thereafter		14,766,221
Subtotal		16,428,273
Unamortized premiums (discounts), net		(5,958)
Unamortized debt issuance costs, net		(81,008)
Total		16,341,307	14,981,690
Term Loans and Unsecured Other [Member]
Debt Instrument [Line Items]
2022	[1]	453,464
2023	[1]	136,211
2024		0
2025		0
2026		698,073
Thereafter		468,119
Subtotal		1,755,867
Unamortized premiums (discounts), net		0
Unamortized debt issuance costs, net		(4,583)
Total		1,751,284	1,825,195
Secured Mortgage [Member]
Debt Instrument [Line Items]
2022	[1]	5,681
2023	[1]	29,193
2024		6,574
2025		146,933
2026		3,466
Thereafter		74,629
Subtotal		266,476
Unamortized premiums (discounts), net		10,288
Unamortized debt issuance costs, net		(817)
Total		$ 275,947	$ 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.

Debt - Long-Term Debt Maturit_2

Debt - Long-Term Debt Maturities (Parenthetical) (Detail)	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Debt instruments expected maturing period	next twelve months

Noncontrolling Interests - Addi

Noncontrolling Interests - Additional Information (Detail)	3 Months Ended
	Mar. 31, 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		3 Months Ended	12 Months Ended
		Mar. 31, 2022	Dec. 31, 2021
Minority Interest [Line Items]
Total Assets		$ 59,779,871	$ 58,486,220
Operating Partnership noncontrolling interest		3,324,050	3,397,538
Operating Partnership noncontrolling interest		4,290,134	4,315,337
Total Liabilities		21,317,669	20,744,010
Noncontrolling Interests [Member]
Minority Interest [Line Items]
Total Assets		8,683,807	8,850,431
Total Liabilities		$ 300,681	$ 310,143
Prologis U S Logistics Venture [Member]
Minority Interest [Line Items]
Parent Company's Ownership Percentage		55.00%	55.00%
Total Assets		$ 7,231,219	$ 7,397,195
Operating Partnership noncontrolling interest		3,194,891	3,264,337
Total Liabilities		$ 139,675	$ 147,545
Other Consolidated Entities [Member]
Minority Interest [Line Items]
Parent Company's Ownership	[1]	various	various
Total Assets	[1]	$ 1,452,588	$ 1,453,236
Operating Partnership noncontrolling interest	[1]	129,159	133,201
Total Liabilities	[1]	161,006	162,598
Prologis, L.P. [Member]
Minority Interest [Line Items]
Total Assets		59,779,871	58,486,220
Operating Partnership noncontrolling interest		3,324,050	3,397,538
Total Liabilities		21,317,669	20,744,010
Prologis, L.P. [Member] | Noncontrolling Interests [Member]
Minority Interest [Line Items]
Limited partners in Prologis, L.P.	[2],[3]	966,084	917,799
Total Assets	[2],[3]	0	0
Total Liabilities	[2],[3]	0	0
Prologis, Inc. [Member]
Minority Interest [Line Items]
Total Assets		8,683,807	8,850,431
Total Liabilities		300,681	310,143
Prologis, Inc. [Member] | Noncontrolling Interests [Member]
Minority Interest [Line Items]
Operating Partnership noncontrolling interest		$ 4,290,134	$ 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 March 31, 2022 and December 31, 2021 were exchangeable into cash or, at our option, 0.3 million shares of the Parent’s common stock.
[2]	There were limited partnership units in the OP, excluding the Class A Units, that were exchangeable into cash or, at our option, 8.4 million shares of the Parent’s common stock, at March 31, 2022 and December 31, 2021. Also included are the vested OP Long-Term Incentive Plan Units (“LTIP Units”) associated with our long-term compensation plan of 4.5 million and 4.0 million at March 31, 2022 and December 31, 2021, respectively. See further discussion of LTIP Units in Note 7.
[3]	We had 8.6 million Class A Units that were convertible into 8.0 million limited partnership units of the OP at March 31, 2022 and December 31, 2021.

Noncontrolling Interests - No_2

Noncontrolling Interests - Noncontrolling Interest Summary (Parenthetical) (Detail) - shares shares in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Long Term Incentive Plan Units [Member]
Minority Interest [Line Items]
Vested LTIP Units	4.5	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	8.4	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	3 Months Ended
	Jan. 31, 2022	Mar. 31, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Performance Period		3 years
Outperformance hurdle, above MSCI U.S. REIT Index		1.00%
Performance pool as percentage of excess value, if outperformance hurdle is met		3.00%
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	1.00%
2022 - 2024 Performance Period [Member] | Tranche 1 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting rights, percentage		20.00%
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		80.00%
2022 - 2024 Performance Period [Member] | Prologis, Inc. [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected volatility rate	31.00%
2022 - 2024 Performance Period [Member] | Msci Us Reit Index
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected volatility rate	29.00%
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	3 Months Ended
	Mar. 31, 2022$ / sharesshares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Unvested Awards, Beginning Balance | shares	1,237
Granted | shares	490
Vested and distributed | shares	(344)
Forfeited | shares	(14)
Number of Unvested Awards, Ending Balance | shares	1,369
Weighted Average Grant Date Fair Value | $ / shares	$ 87.87
Weighted Average Grant Date Fair Value, Granted | $ / shares	119.86
Weighted Average Grant Date Fair Value, Vested and distributed | $ / shares	89.80
Weighted Average Grant Date Fair Value, Forfeited | $ / shares	100.82
Weighted Average Grant Date Fair Value | $ / shares	$ 98.70

Long-Term Compensation - LTIP U

Long-Term Compensation - LTIP Units Awards (Detail) - Long Term Incentive Plan Units [Member] shares in Thousands	3 Months Ended
	Mar. 31, 2022$ / sharesshares
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	(706)
Number of Unvested Awards, Ending Balance | shares	3,599
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	86.88
Weighted Average Grant Date Fair Value | $ / shares	$ 66.09

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
		Mar. 31, 2022	Mar. 31, 2021
Summary Of Computation Of Basic And Diluted Earnings Per Share [Line Items]
Net earnings attributable to common stockholders/unit holders - Basic		$ 1,149,254	$ 365,815
Net earnings attributable to exchangeable limited partnership units	[1]	32,338	10,320
Adjusted net earnings attributable to common stockholders – Diluted		$ 1,181,592	$ 376,135
Weighted average common shares/units outstanding - Basic		740,368	738,998
Incremental weighted average effect on exchange of limited partnership units		21,089	21,042
Incremental weighted average effect of equity awards		4,060	4,918
Weighted average common shares/partnership units outstanding - Diluted	[2]	765,517	764,958
Net earnings per share/unit attributable to common stockholders/unitholders -
Basic		$ 1.55	$ 0.50
Diluted		$ 1.54	$ 0.49
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		$ 1,181,525	$ 376,083
Net earnings attributable to exchangeable limited partnership units		67	52
Adjusted net earnings attributable to common stockholders – Diluted		$ 1,181,592	$ 376,135
Weighted average common shares/units outstanding - Basic		753,159	751,679
Incremental weighted average effect on exchange of Class A convertible units		7,999	8,062
Incremental weighted average effect on exchange of limited partnership units		299	299
Incremental weighted average effect of equity awards		4,060	4,918
Weighted average common shares/partnership units outstanding - Diluted		765,517	764,958
Net earnings per share/unit attributable to common stockholders/unitholders -
Basic		$ 1.55	$ 0.50
Diluted		$ 1.54	$ 0.49
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		$ (12,415)	$ (3,991)
Adjusted net earnings attributable to common stockholders – Diluted		12,415	3,991
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		$ 1,169,110	$ 372,092
[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
	Mar. 31, 2022	Mar. 31, 2021
Summary Of Computation Of Basic And Diluted Earnings Per Share [Line Items]
Total weighted average potential dilutive shares and units outstanding	26,928	28,221
Prologis, L.P. [Member]
Summary Of Computation Of Basic And Diluted Earnings Per Share [Line Items]
Total weighted average potentially dilutive Class A Units	7,999	8,062
Total weighted average potentially dilutive other limited partnership units	299	299
Total weighted average potentially dilutive equity awards	5,839	7,179
Total weighted average potential dilutive shares and units outstanding	14,137	15,540
Total weighted average potential dilutive common limited partnership units	12,791	12,681

Financial Instruments and Fai_3

Financial Instruments and Fair Value Measurements - Schedule of Fair Value of Derivative Financial Instruments (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Derivatives Fair Value [Line Items]
Asset	$ 122,487	$ 91,047
Liability	12,591	9,675
Undesignated Derivatives [Member] | Forwards [Member] | BRL
Derivatives Fair Value [Line Items]
Asset	0	664
Liability	1,161	0
Undesignated Derivatives [Member] | Forwards [Member] | GBP
Derivatives Fair Value [Line Items]
Asset	10,476	5,361
Liability	2,268	3,492
Undesignated Derivatives [Member] | Forwards [Member] | CAD
Derivatives Fair Value [Line Items]
Asset	1,741	2,856
Liability	3,261	1,790
Undesignated Derivatives [Member] | Forwards [Member] | CNY
Derivatives Fair Value [Line Items]
Asset	1	0
Liability	515	550
Undesignated Derivatives [Member] | Forwards [Member] | EUR
Derivatives Fair Value [Line Items]
Asset	56,061	40,484
Liability	0	136
Undesignated Derivatives [Member] | Forwards [Member] | JPY
Derivatives Fair Value [Line Items]
Asset	31,104	23,341
Liability	0	0
Undesignated Derivatives [Member] | Forwards [Member] | SEK
Derivatives Fair Value [Line Items]
Asset	5,227	3,773
Liability	39	201
Designated As Hedging Instrument [Member] | Net Investment Hedges [Member] | GBP
Derivatives Fair Value [Line Items]
Asset	14,171	9,158
Liability	86	2,683
Designated As Hedging Instrument [Member] | Net Investment Hedges [Member] | CAD
Derivatives Fair Value [Line Items]
Asset	2,733	5,410
Liability	5,261	823
Designated As Hedging Instrument [Member] | Cash Flow Hedges [Member] | Interest Rate Swaps [Member] | EUR
Derivatives Fair Value [Line Items]
Asset	973	0
Liability	$ 0	$ 0

Financial Instruments and Fai_4

Financial Instruments and Fair Value Measurements - Summary of Undesignated Foreign Currency Forwards Activity (Detail)	3 Months Ended
	Mar. 31, 2022USD ($)Derivative	Mar. 31, 2021USD ($)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 March 31	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	457,000,000	127,000,000
Matured, expired or settled contracts	(247,000,000)	(91,000,000)
Notional amounts at March 31	$ 1,872,000,000	$ 1,198,000,000
Weighted average forward rate at March 31	0	0
Active contracts at March 31 | Derivative	0	0
Forwards [Member] | Undesignated Derivatives [Member] | CAD
Derivative [Line Items]
Notional amounts at January 1	$ 175,000,000	$ 163,000,000
New contracts	45,000,000	3,000,000
Matured, expired or settled contracts	(16,000,000)	(11,000,000)
Notional amounts at March 31	$ 204,000,000	$ 155,000,000
Weighted average forward rate at March 31	1.27	1.32
Active contracts at March 31 | Derivative	81	58
Forwards [Member] | Undesignated Derivatives [Member] | EUR
Derivative [Line Items]
Notional amounts at January 1	$ 749,000,000	$ 474,000,000
New contracts	350,000,000	83,000,000
Matured, expired or settled contracts	(182,000,000)	(36,000,000)
Notional amounts at March 31	$ 917,000,000	$ 521,000,000
Weighted average forward rate at March 31	1.19	1.23
Active contracts at March 31 | Derivative	93	74
Forwards [Member] | Undesignated Derivatives [Member] | GBP
Derivative [Line Items]
Notional amounts at January 1	$ 383,000,000	$ 207,000,000
New contracts	(21,000,000)	11,000,000
Matured, expired or settled contracts	(19,000,000)	(16,000,000)
Notional amounts at March 31	$ 343,000,000	$ 202,000,000
Weighted average forward rate at March 31	1.27	1.33
Active contracts at March 31 | Derivative	77	53
Forwards [Member] | Undesignated Derivatives [Member] | JPY
Derivative [Line Items]
Notional amounts at January 1	$ 250,000,000	$ 252,000,000
New contracts	61,000,000	25,000,000
Matured, expired or settled contracts	(22,000,000)	(20,000,000)
Notional amounts at March 31	$ 289,000,000	$ 257,000,000
Weighted average forward rate at March 31	104.39	102.66
Active contracts at March 31 | Derivative	85	68
Forwards [Member] | Undesignated Derivatives [Member] | SEK
Derivative [Line Items]
Notional amounts at January 1	$ 85,000,000	$ 38,000,000
New contracts	9,000,000	5,000,000
Matured, expired or settled contracts	(4,000,000)	(4,000,000)
Notional amounts at March 31	$ 90,000,000	$ 39,000,000
Weighted average forward rate at March 31	9.30	8.59
Active contracts at March 31 | Derivative	84	51
Forwards [Member] | Undesignated Derivatives [Member] | Other
Derivative [Line Items]
Notional amounts at January 1	$ 20,000,000	$ 28,000,000
New contracts	13,000,000	0
Matured, expired or settled contracts	(4,000,000)	(4,000,000)
Notional amounts at March 31	$ 29,000,000	$ 24,000,000
Weighted average forward rate at March 31	0	0
Active contracts at March 31 | Derivative	0	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
	Mar. 31, 2022USD ($)Contract	Mar. 31, 2021USD ($)Contract
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Exercised contracts | Contract	32	25
Realized gains (losses) on the matured, expired or settled contracts	$ 15	$ (1)
Unrealized gains on the change in fair value of outstanding contracts	$ 15	$ 38

Financial Instruments and Fai_6

Financial Instruments and Fair Value Measurements - Foreign Currency Contracts Activity (Detail)	3 Months Ended
	Mar. 31, 2022USD ($)Derivative	Mar. 31, 2021USD ($)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 March 31	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	477,000,000	550,000,000
Matured, expired or settled contracts	(269,000,000)	(63,000,000)
Notional amounts at March 31	$ 1,175,000,000	$ 999,000,000
Weighted average forward rate at March 31	0	0
Active contracts at March 31 | Derivative	0	0
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 March 31	$ 0
Weighted average forward rate at March 31	0
Active contracts at March 31 | 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	204,000,000	250,000,000
Matured, expired or settled contracts	(125,000,000)	(63,000,000)
Notional amounts at March 31	$ 614,000,000	$ 564,000,000
Weighted average forward rate at March 31	1.26	1.29
Active contracts at March 31 | Derivative	7	7
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	229,000,000	300,000,000
Matured, expired or settled contracts	(100,000,000)	0
Notional amounts at March 31	$ 561,000,000	$ 435,000,000
Weighted average forward rate at March 31	1.35	1.38
Active contracts at March 31 | Derivative	5	4

Financial Instruments and Fai_7

Financial Instruments and Fair Value Measurements - Summary of Activity in Interest Rate Swaps (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 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 March 31	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		0
Notional amounts at March 31		415,000,000
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 March 31	$ 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		0
Notional amounts at March 31		$ 250,000,000

Financial Instruments and Fai_8

Financial Instruments and Fair Value Measurements - Summary of Debt and Accrued Interest, Designated as Hedge (Detail) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Designated As Hedging Instrument [Member] | British Pound Sterling Senior Notes [Member]
Derivatives Fair Value [Line Items]
Senior Notes Outstanding	$ 1,385	$ 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
	Mar. 31, 2022	Mar. 31, 2021
Derivatives Fair Value [Line Items]
Unrealized gains on the unhedged portion	$ 189,523	$ 171,759
Forward Contracts [Member]
Derivatives Fair Value [Line Items]
Unrealized gains on the unhedged portion	$ 15,000	$ 46,000

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
	Mar. 31, 2022	Mar. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cumulative translation adjustment	$ 151,833	$ 183,427
Total foreign currency translation gains, net	189,523	171,759
Total unrealized gains on derivative contracts, net	13,349	4,821
Total change in other comprehensive income	202,872	176,580
Designated As Hedging Instrument [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total derivative hedging instruments	4,093	(5,266)
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	33,597	(6,402)
Designated As Hedging Instrument [Member] | Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total derivative hedging instruments	4,422	1,371
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	$ 8,927	$ 3,450

Financial Instruments and Fa_11

Financial Instruments and Fair Value Measurements - Summary of Changes in Other Comprehensive Income (Loss) (Parenthetical) (Detail) $ in Millions	Mar. 31, 2022USD ($)
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	$ 1.4

Financial Instruments and Fa_12

Financial Instruments and Fair Value Measurements - Carrying Amounts and Estimated Fair Values of Debt (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value of Debt	$ 18,368,538	$ 17,715,054
Fair Value of Debt	17,260,078	17,915,994
Credit Facilities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value of Debt	0	491,393
Fair Value of Debt	0	491,429
Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value of Debt	16,341,307	14,981,690
Fair Value of Debt	15,232,910	15,151,781
Term Loans and Unsecured Other [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value of Debt	1,751,284	1,825,195
Fair Value of Debt	1,757,948	1,835,569
Secured Mortgage [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value of Debt	275,947	416,776
Fair Value of Debt	$ 269,220	$ 437,215

Business Segments - Additional

Business Segments - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2022Segment
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
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Total revenues	$ 1,219,128	$ 1,148,316
Operating income	1,205,802	532,197
General and administrative expenses	74,646	78,032
Depreciation and amortization expenses	396,647	397,575
Gains on dispositions of development properties and land, net	210,206	173,643
Gains on other dispositions of investments in real estate, net	584,835	16,623
Earnings from unconsolidated entities, net	76,962	67,049
Interest expense	(64,064)	(71,281)
Interest and other income, net	1,053	4,746
Foreign currency and derivative gains, net	47,356	80,152
Losses on early extinguishment of debt, net	(18,165)	(187,453)
Earnings before income taxes	1,248,944	425,410
Total assets	59,779,871		$ 58,486,220
Investments in and advances to unconsolidated entities	8,679,011		8,610,958
Assets held for sale or contribution	373,664		669,688
Cash and cash equivalents	1,912,750	676,074	556,117	$ 598,086
Other assets	3,212,968		3,312,454
Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Total assets	48,228,492		48,088,165
Operating Segments [Member]
Segment Reporting Information [Line Items]
Operating income	882,054	817,538
Total assets	48,265,715		48,125,728
Operating Segments [Member] | Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Total revenues	1,085,203	1,028,355
Operating income	799,940	747,027
Operating Segments [Member] | Strategic Capital [Member]
Segment Reporting Information [Line Items]
Total revenues	133,925	119,961
Operating income	82,114	70,511
Total assets	37,223		37,563
Operating Segments [Member] | U.S. [Member] | Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Total revenues	1,038,991	975,083
Operating income	771,210	709,303
Total assets	44,170,370		44,136,140
Operating Segments [Member] | U.S. [Member] | Strategic Capital [Member]
Segment Reporting Information [Line Items]
Total revenues	50,635	33,983
Operating income	27,677	8,302
Total assets	11,666		11,984
Operating Segments [Member] | Other Americas [Member] | Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Total revenues	22,191	23,893
Operating income	16,107	17,595
Total assets	1,212,592		1,148,371
Operating Segments [Member] | Other Americas [Member] | Strategic Capital [Member]
Segment Reporting Information [Line Items]
Total revenues	11,653	10,663
Operating income	7,374	7,906
Operating Segments [Member] | Europe [Member] | Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Total revenues	12,008	18,856
Operating income	3,970	13,191
Total assets	1,871,785		1,837,800
Operating Segments [Member] | Europe [Member] | Strategic Capital [Member]
Segment Reporting Information [Line Items]
Total revenues	46,196	43,429
Operating income	32,463	32,171
Total assets	25,280		25,280
Operating Segments [Member] | Asia [Member] | Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Total revenues	12,013	10,523
Operating income	8,653	6,938
Total assets	973,745		965,854
Operating Segments [Member] | Asia [Member] | Strategic Capital [Member]
Segment Reporting Information [Line Items]
Total revenues	25,441	31,886
Operating income	14,600	22,132
Total assets	277		299
Reconciling Items [Member]
Segment Reporting Information [Line Items]
Operating income	1,205,802	532,197
General and administrative expenses	(74,646)	(78,032)
Depreciation and amortization expenses	(396,647)	(397,575)
Gains on dispositions of development properties and land, net	210,206	173,643
Gains on other dispositions of investments in real estate, net	584,835	16,623
Earnings from unconsolidated entities, net	76,962	67,049
Interest expense	(64,064)	(71,281)
Interest and other income, net	1,053	4,746
Foreign currency and derivative gains, net	47,356	80,152
Losses on early extinguishment of debt, net	(18,165)	$ (187,453)
Total assets	11,514,156		10,360,492
Investments in and advances to unconsolidated entities	8,679,011		8,610,958
Assets held for sale or contribution	373,664		669,688
Cash and cash equivalents	1,912,750		556,117
Other assets	$ 548,731		$ 523,729

Business Segments - Segment R_2

Business Segments - Segment Reporting, Reconciliation of Revenues, Operating Income and Assets (Parenthetical) (Detail) - USD ($) $ in Millions	Mar. 31, 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 ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Supplemental Cash Flow Information [Line Items]
Lease Right-of-Use assets	$ 3.7	$ 4.6
Lease liabilities	3.7	4.6
Capitalization for equity based compensation expense	10.6	8.5
Interest paid, net of amounts capitalized	62.9	89.5
Cash paid for income taxes, net of refunds	$ 30.7	$ 35.8
Limited Partners [Member] | Prologis, L.P. [Member] | Common [Member]
Supplemental Cash Flow Information [Line Items]
PLD units redeemed for common shares	0.1
Limited Partners [Member] | Maximum [Member] | Prologis, L.P. [Member] | Common [Member]
Supplemental Cash Flow Information [Line Items]
PLD units redeemed for common shares		0.1
Unconsolidated Entities [Member]
Supplemental Cash Flow Information [Line Items]
Equity ownership interest received	$ 216.4	$ 39.1