Prologis 10-Q 27 Oct 22 2022 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2022	Oct. 24, 2022
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
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		923,076,000
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	Sep. 30, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
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	Sep. 30, 2022	Dec. 31, 2021
ASSETS
Investments in real estate properties	$ 55,954,870	$ 53,005,190
Less accumulated depreciation	8,558,576	7,668,187
Net investments in real estate properties	47,396,294	45,337,003
Investments in and advances to unconsolidated entities	8,659,129	8,610,958
Assets held for sale or contribution	614,356	669,688
Net investments in real estate	56,669,779	54,617,649
Cash and cash equivalents	636,282	556,117
Other assets	3,639,468	3,312,454
Total assets	60,945,529	58,486,220
Liabilities:
Debt	18,139,299	17,715,054
Accounts payable and accrued expenses	1,318,378	1,252,767
Other liabilities	1,881,531	1,776,189
Total liabilities	21,339,208	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 September 30, 2022 and December 31, 2021	63,948	63,948
Common stock; $0.01 par value; 740,411 shares and 739,827 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively	7,404	7,398
Additional paid-in capital	35,606,319	35,561,608
Accumulated other comprehensive loss	(71,626)	(878,253)
Distributions in excess of net earnings	(312,945)	(1,327,828)
Total Prologis, Inc. stockholders’ equity	35,293,100	33,426,873
Noncontrolling interests	4,313,221	4,315,337
Total equity	39,606,321	37,742,210
Total liabilities and equity	60,945,529	58,486,220
Prologis, L.P. [Member]
ASSETS
Investments in real estate properties	55,954,870	53,005,190
Less accumulated depreciation	8,558,576	7,668,187
Net investments in real estate properties	47,396,294	45,337,003
Investments in and advances to unconsolidated entities	8,659,129	8,610,958
Assets held for sale or contribution	614,356	669,688
Net investments in real estate	56,669,779	54,617,649
Cash and cash equivalents	636,282	556,117
Other assets	3,639,468	3,312,454
Total assets	60,945,529	58,486,220
Liabilities:
Debt	18,139,299	17,715,054
Accounts payable and accrued expenses	1,318,378	1,252,767
Other liabilities	1,881,531	1,776,189
Total liabilities	21,339,208	20,744,010
Prologis, Inc. stockholders’ equity:
Noncontrolling interests	3,323,541	3,397,538
Total capital	39,606,321	37,742,210
Total liabilities and equity	60,945,529	58,486,220
Partners’ capital:
Total partners’ capital	36,282,780	34,344,672
Prologis, L.P. [Member] | Preferred [Member]
Partners’ capital:
General partner	63,948	63,948
Prologis, L.P. [Member] | Common [Member]
Partners’ capital:
General partner	35,229,152	33,362,925
Limited partners	606,557	557,097
Prologis, L.P. [Member] | Class A Common [Member]
Partners’ capital:
Limited partners	$ 383,123	$ 360,702

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2022	Dec. 31, 2021
Statement Of Financial Position [Abstract]
Preferred stock, liquidation preference per share	$ 50	$ 50
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	100,000,000	100,000,000
Preferred stock, shares issued	1,279,000	1,279,000
Preferred stock, shares outstanding	1,279,000	1,279,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares issued	740,411,000	739,827,000
Common stock, shares outstanding	740,411,000	739,827,000

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenues:
Rental		$ 1,151,846	$ 1,037,281	$ 3,322,159	$ 3,073,700
Strategic capital		594,752	141,448	884,916	390,796
Development management and other		4,294	4,320	15,025	17,711
Total revenues		1,750,892	1,183,049	4,222,100	3,482,207
Expenses:
Rental		284,707	256,607	830,846	779,624
Strategic capital		130,555	52,389	239,418	146,938
General and administrative		87,903	66,970	245,663	219,344
Depreciation and amortization		401,450	390,806	1,200,410	1,181,117
Other		7,004	4,413	28,214	15,051
Total expenses		911,619	771,185	2,544,551	2,342,074
Operating income before gains on real estate transactions, net		839,273	411,864	1,677,549	1,140,133
Gains on dispositions of development properties and land, net		74,678	139,406	390,686	500,410
Gains on other dispositions of investments in real estate, net	[1]	1,019	214,390	585,854	358,180
Operating income		914,970	765,660	2,654,089	1,998,723
Other income (expense):
Earnings from unconsolidated entities, net		84,925	91,818	241,481	231,286
Interest expense		(63,884)	(63,638)	(188,241)	(203,331)
Foreign currency and derivative gains and interest and other income, net		171,832	63,326	364,623	142,859
Losses on early extinguishment of debt, net		0	0	(18,895)	(187,453)
Total other income (expense)		192,873	91,506	398,968	(16,639)
Earnings before income taxes		1,107,843	857,166	3,053,057	1,982,084
Income tax expense		(38,669)	(59,435)	(117,725)	(134,347)
Consolidated net earnings		1,069,174	797,731	2,935,332	1,847,737
Less net earnings attributable to noncontrolling interests		53,710	74,193	157,690	156,676
Net earnings attributable to controlling interests		1,015,464	723,538	2,777,642	1,691,061
Less preferred stock/unit dividends/distributions		1,531	1,531	4,600	4,614
Net earnings attributable to common stockholders/unitholders		$ 1,013,933	$ 722,007	$ 2,773,042	$ 1,686,447
Weighted average common shares/units outstanding - Basic		740,719	739,439	740,585	739,217
Weighted average common shares/units outstanding - Diluted	[2]	766,372	764,945	766,019	764,644
Net earnings per share/unit attributable to common stockholders/unitholders - Basic		$ 1.37	$ 0.98	$ 3.74	$ 2.28
Net earnings per share/unit attributable to common stockholders/unitholders - Diluted		$ 1.36	$ 0.97	$ 3.72	$ 2.27
Prologis, L.P. [Member]
Revenues:
Rental		$ 1,151,846	$ 1,037,281	$ 3,322,159	$ 3,073,700
Strategic capital		594,752	141,448	884,916	390,796
Development management and other		4,294	4,320	15,025	17,711
Total revenues		1,750,892	1,183,049	4,222,100	3,482,207
Expenses:
Rental		284,707	256,607	830,846	779,624
Strategic capital		130,555	52,389	239,418	146,938
General and administrative		87,903	66,970	245,663	219,344
Depreciation and amortization		401,450	390,806	1,200,410	1,181,117
Other		7,004	4,413	28,214	15,051
Total expenses		911,619	771,185	2,544,551	2,342,074
Operating income before gains on real estate transactions, net		839,273	411,864	1,677,549	1,140,133
Gains on dispositions of development properties and land, net		74,678	139,406	390,686	500,410
Gains on other dispositions of investments in real estate, net		1,019	214,390	585,854	358,180
Operating income		914,970	765,660	2,654,089	1,998,723
Other income (expense):
Earnings from unconsolidated entities, net		84,925	91,818	241,481	231,286
Interest expense		(63,884)	(63,638)	(188,241)	(203,331)
Foreign currency and derivative gains and interest and other income, net		171,832	63,326	364,623	142,859
Losses on early extinguishment of debt, net		0	0	(18,895)	(187,453)
Total other income (expense)		192,873	91,506	398,968	(16,639)
Earnings before income taxes		1,107,843	857,166	3,053,057	1,982,084
Income tax expense		(38,669)	(59,435)	(117,725)	(134,347)
Consolidated net earnings		1,069,174	797,731	2,935,332	1,847,737
Less net earnings attributable to noncontrolling interests		24,979	54,406	79,257	109,768
Net earnings attributable to controlling interests		1,044,195	743,325	2,856,075	1,737,969
Less preferred stock/unit dividends/distributions		1,531	1,531	4,600	4,614
Net earnings attributable to common stockholders/unitholders		$ 1,042,664	$ 741,794	$ 2,851,475	$ 1,733,355
Weighted average common shares/units outstanding - Basic		753,616	751,558	753,515	751,773
Weighted average common shares/units outstanding - Diluted		766,372	764,945	766,019	764,644
Net earnings per share/unit attributable to common stockholders/unitholders - Basic		$ 1.37	$ 0.98	$ 3.74	$ 2.28
Net earnings per share/unit attributable to common stockholders/unitholders - Diluted		$ 1.36	$ 0.97	$ 3.72	$ 2.27
[1] Included in the three and nine months ended September 30, 2021, is the sale of our ownership interest in an unconsolidated other venture.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Consolidated net earnings	$ 1,069,174	$ 797,731	$ 2,935,332	$ 1,847,737
Other comprehensive income:
Foreign currency translation gains, net	239,062	48,708	761,102	201,881
Unrealized gains on derivative contracts, net	24,902	3,748	67,230	13,379
Comprehensive income	1,333,138	850,187	3,763,664	2,062,997
Net earnings attributable to noncontrolling interests	(53,710)	(74,193)	(157,690)	(156,676)
Other comprehensive income attributable to noncontrolling interests	(6,829)	(1,242)	(21,705)	(5,427)
Comprehensive income attributable to common stockholders	1,272,599	774,752	3,584,269	1,900,894
Prologis, L.P. [Member]
Consolidated net earnings	1,069,174	797,731	2,935,332	1,847,737
Other comprehensive income:
Foreign currency translation gains, net	239,062	48,708	761,102	201,881
Unrealized gains on derivative contracts, net	24,902	3,748	67,230	13,379
Comprehensive income	1,333,138	850,187	3,763,664	2,062,997
Net earnings attributable to noncontrolling interests	(24,979)	(54,406)	(79,257)	(109,768)
Other comprehensive income attributable to noncontrolling interests	470	336	955	493
Comprehensive income attributable to common stockholders	$ 1,308,629	$ 796,117	$ 3,685,362	$ 1,953,722

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) shares in Thousands, $ in Thousands	Total	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Distributions in Excess of Net Earnings [Member]	Noncontrolling Interests [Member]
Balance at Dec. 31, 2020	$ 36,324,580	$ 63,948	$ 7,394	$ 35,488,634	$ (1,193,739)	$ (2,394,690)	$ 4,353,033
Balance, shares at Dec. 31, 2020			739,381
Consolidated net earnings	1,847,737					1,691,061	156,676
Effect of equity compensation plans	86,018		$ (5)	24,443			61,580
Effect of equity compensation plans, shares			(403)
Capital contributions	7,378						7,378
Redemption of noncontrolling interests	(138,173)		$ 4	15,135			(153,312)
Redemption of noncontrolling interests, shares			345
Consolidation of other venture	25,759						25,759
Issuance of units related to acquisitions	130,416						130,416
Foreign currency translation gains, net	201,881				196,820		5,061
Unrealized gains on derivative contracts, net	13,379				13,013		366
Reallocation of equity				(1,510)			1,510
Dividends and other distributions	(1,741,501)			(31)		(1,404,360)	(337,110)
Balance at Sep. 30, 2021	36,757,474	63,948	$ 7,393	35,526,671	(983,906)	(2,107,989)	4,251,357
Balance, shares at Sep. 30, 2021			739,323
Balance at Jun. 30, 2021	36,480,804	63,948	$ 7,390	35,432,843	(1,035,120)	(2,363,348)	4,375,091
Balance, shares at Jun. 30, 2021			739,020
Consolidated net earnings	797,731					723,538	74,193
Effect of equity compensation plans	28,158			11,141			17,017
Effect of equity compensation plans, shares			17
Capital contributions	3,017						3,017
Redemption of noncontrolling interests	(32,606)		$ 3	12,540			(45,149)
Redemption of noncontrolling interests, shares			286
Issuance of units related to acquisitions	130,416						130,416
Foreign currency translation gains, net	48,708				47,576		1,132
Unrealized gains on derivative contracts, net	3,748				3,638		110
Reallocation of equity				70,153			(70,153)
Dividends and other distributions	(702,502)			(6)		(468,179)	(234,317)
Balance at Sep. 30, 2021	36,757,474	63,948	$ 7,393	35,526,671	(983,906)	(2,107,989)	4,251,357
Balance, shares at Sep. 30, 2021			739,323
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	$ 2,935,332					2,777,642	157,690
Effect of equity compensation plans	123,770		$ 4	36,613			87,153
Effect of equity compensation plans, shares			349
Capital contributions	11,921						11,921
Redemption of noncontrolling interests	(52,505)		$ 2	10,929			(63,436)
Redemption of noncontrolling interests, shares			235
Foreign currency translation gains, net	761,102				741,234		19,868
Unrealized gains on derivative contracts, net	67,230				65,393		1,837
Reallocation of equity				(2,821)			2,821
Dividends and other distributions	(1,982,739)			(10)		(1,762,759)	(219,970)
Balance at Sep. 30, 2022	$ 39,606,321	63,948	$ 7,404	35,606,319	(71,626)	(312,945)	4,313,221
Balance, shares at Sep. 30, 2022	740,411		740,411
Balance at Jun. 30, 2022	$ 38,873,938	63,948	$ 7,404	35,573,940	(328,761)	(740,764)	4,298,171
Balance, shares at Jun. 30, 2022			740,360
Consolidated net earnings	1,069,174					1,015,464	53,710
Effect of equity compensation plans	42,250			15,496			26,754
Effect of equity compensation plans, shares			23
Capital contributions	838						838
Redemption of noncontrolling interests	(2,517)			1,357			(3,874)
Redemption of noncontrolling interests, shares			28
Foreign currency translation gains, net	239,062				232,919		6,143
Unrealized gains on derivative contracts, net	24,902				24,216		686
Reallocation of equity				15,526			(15,526)
Dividends and other distributions	(641,326)					(587,645)	(53,681)
Balance at Sep. 30, 2022	$ 39,606,321	$ 63,948	$ 7,404	$ 35,606,319	$ (71,626)	$ (312,945)	$ 4,313,221
Balance, shares at Sep. 30, 2022	740,411		740,411

Consolidated Statements of Eq_2

Consolidated Statements of Equity (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement Of Stockholders Equity [Abstract]
Dividends per common share	$ 0.79	$ 0.63	$ 2.37	$ 1.89

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021
Statement Of Cash Flows [Abstract]
Consolidated net earnings		$ 2,935,332	$ 1,847,737
Adjustments to reconcile net earnings to net cash provided by operating activities:
Straight-lined rents and amortization of above and below market leases		(107,565)	(109,043)
Equity-based compensation awards		140,022	84,416
Depreciation and amortization		1,200,410	1,181,117
Earnings from unconsolidated entities, net		(241,481)	(231,286)
Operating distributions from unconsolidated entities		316,299	311,284
Decrease (increase) in operating receivables from unconsolidated entities		(480,588)	18,036
Amortization of debt discounts and debt issuance costs, net		6,875	6,632
Gains on dispositions of development properties and land, net		(390,686)	(500,410)
Gains on other dispositions of investments in real estate, net	[1]	(585,854)	(358,180)
Unrealized foreign currency and derivative gains, net		(239,645)	(150,443)
Losses on early extinguishment of debt, net		18,895	187,453
Deferred income tax expense		23,714	10,049
Decrease (increase) in accounts receivable and other assets		143,333	(223,658)
Increase in accounts payable and accrued expenses and other liabilities		109,752	206,272
Net cash provided by operating activities		2,848,813	2,279,976
Real estate development		(2,231,821)	(1,770,353)
Real estate acquisitions		(2,232,354)	(1,196,994)
Tenant improvements and lease commissions on previously leased space		(262,177)	(233,853)
Property improvements		(117,563)	(98,874)
Proceeds from dispositions and contributions of real estate		1,721,993	2,817,943
Investments in and advances to unconsolidated entities		(192,335)	(454,918)
Return of investment from unconsolidated entities		58,528	56,993
Proceeds from the settlement of net investment hedges		45,033	0
Payments on the settlement of net investment hedges		(771)	(16,513)
Net cash used in investing activities		(3,211,467)	(896,569)
Proceeds from issuance of common stock/units		0	743
Dividends/distributions paid on common and preferred stock/units		(1,762,759)	(1,404,360)
Noncontrolling interests contributions		11,921	7,378
Noncontrolling interests distributions		(219,970)	(337,110)
Settlement of noncontrolling interests		(52,505)	(138,173)
Tax paid with shares withheld		(25,427)	(18,434)
Debt and equity issuance costs paid		(31,912)	(22,008)
Net proceeds from (payments on) credit facilities		60,357	(70,200)
Repurchase of and payments on debt		(886,746)	(2,201,383)
Proceeds from the issuance of debt		3,394,353	2,824,754
Net cash provided by (used in) financing activities		487,312	(1,358,793)
Effect of foreign currency exchange rate changes on cash		(44,493)	(37,629)
Net increase (decrease) in cash and cash equivalents		80,165	(13,015)
Cash and cash equivalents, beginning of period		556,117	598,086
Cash and cash equivalents, end of period		636,282	585,071
Financing activities:
Effect of foreign currency exchange rate changes on cash		(44,493)	(37,629)
Net increase (decrease) in cash and cash equivalents		80,165	(13,015)
Cash and cash equivalents, beginning of period		556,117	598,086
Cash and cash equivalents, end of period		636,282	585,071
Prologis, L.P. [Member]
Statement Of Cash Flows [Abstract]
Consolidated net earnings		2,935,332	1,847,737
Adjustments to reconcile net earnings to net cash provided by operating activities:
Straight-lined rents and amortization of above and below market leases		(107,565)	(109,043)
Equity-based compensation awards		140,022	84,416
Depreciation and amortization		1,200,410	1,181,117
Earnings from unconsolidated entities, net		(241,481)	(231,286)
Operating distributions from unconsolidated entities		316,299	311,284
Decrease (increase) in operating receivables from unconsolidated entities		(480,588)	18,036
Amortization of debt discounts and debt issuance costs, net		6,875	6,632
Gains on dispositions of development properties and land, net		(390,686)	(500,410)
Gains on other dispositions of investments in real estate, net		(585,854)	(358,180)
Unrealized foreign currency and derivative gains, net		(239,645)	(150,443)
Losses on early extinguishment of debt, net		18,895	187,453
Deferred income tax expense		23,714	10,049
Decrease (increase) in accounts receivable and other assets		143,333	(223,658)
Increase in accounts payable and accrued expenses and other liabilities		109,752	206,272
Net cash provided by operating activities		2,848,813	2,279,976
Real estate development		(2,231,821)	(1,770,353)
Real estate acquisitions		(2,232,354)	(1,196,994)
Tenant improvements and lease commissions on previously leased space		(262,177)	(233,853)
Property improvements		(117,563)	(98,874)
Proceeds from dispositions and contributions of real estate		1,721,993	2,817,943
Investments in and advances to unconsolidated entities		(192,335)	(454,918)
Return of investment from unconsolidated entities		58,528	56,993
Proceeds from the settlement of net investment hedges		45,033	0
Payments on the settlement of net investment hedges		(771)	(16,513)
Net cash used in investing activities		(3,211,467)	(896,569)
Proceeds from issuance of common stock/units		0	743
Dividends/distributions paid on common and preferred stock/units		(1,818,509)	(1,451,319)
Noncontrolling interests contributions		11,921	7,378
Noncontrolling interests distributions		(164,220)	(290,151)
Redemption of common limited partnership units		(52,505)	(138,173)
Tax paid for shares of the Parent withheld		(25,427)	(18,434)
Debt and equity issuance costs paid		(31,912)	(22,008)
Net proceeds from (payments on) credit facilities		60,357	(70,200)
Repurchase of and payments on debt		(886,746)	(2,201,383)
Proceeds from the issuance of debt		3,394,353	2,824,754
Net cash provided by (used in) financing activities		487,312	(1,358,793)
Effect of foreign currency exchange rate changes on cash		(44,493)	(37,629)
Net increase (decrease) in cash and cash equivalents		80,165	(13,015)
Cash and cash equivalents, beginning of period		556,117	598,086
Cash and cash equivalents, end of period		636,282	585,071
Financing activities:
Effect of foreign currency exchange rate changes on cash		(44,493)	(37,629)
Net increase (decrease) in cash and cash equivalents		80,165	(13,015)
Cash and cash equivalents, beginning of period		556,117	598,086
Cash and cash equivalents, end of period		$ 636,282	$ 585,071
[1] Included in the three and nine months ended September 30, 2021, is the sale of our ownership interest in an unconsolidated other venture.

Consolidated Statements of Capi

Consolidated Statements of Capital - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Consolidated net earnings	$ 1,069,174	$ 797,731	$ 2,935,332	$ 1,847,737
Effect of equity compensation plans	42,250	28,158	123,770	86,018
Capital contributions	838	3,017	11,921	7,378
Consolidation of other venture				25,759
Issuance of units related to acquisitions		130,416		130,416
Unrealized gains on derivative contracts, net	24,902	3,748	67,230	13,379
Noncontrolling Interests [Member]
Consolidated net earnings	53,710	74,193	157,690	156,676
Effect of equity compensation plans	26,754	17,017	87,153	61,580
Capital contributions	838	3,017	11,921	7,378
Consolidation of other venture				25,759
Issuance of units related to acquisitions		130,416		130,416
Unrealized gains on derivative contracts, net	686	110	1,837	366
Reallocation of equity	$ (15,526)	(70,153)	$ 2,821	1,510
Class A Common [Member]
Beginning balance, Units			8,600
Ending balance, Units	8,600		8,600
Prologis, L.P. [Member]
Beginning balance	$ 38,873,938	36,480,804	$ 37,742,210	36,324,580
Consolidated net earnings	1,069,174	797,731	2,935,332	1,847,737
Effect of equity compensation plans	42,250	28,158	123,770	86,018
Capital contributions	838	3,017	11,921	7,378
Redemption of limited partners units	(2,517)	(32,606)	(52,505)	(138,173)
Consolidation of other venture				25,759
Issuance of units related to acquisitions		130,416		130,416
Foreign currency translation gains (losses), net	239,062	48,708	761,102	201,881
Unrealized gains on derivative contracts, net	24,902	3,748	67,230	13,379
Distributions and other	(641,326)	(702,502)	(1,982,739)	(1,741,501)
Ending balance	39,606,321	36,757,474	39,606,321	36,757,474
Prologis, L.P. [Member] | Noncontrolling Interests [Member]
Beginning balance	3,333,421	3,497,798	3,397,538	3,483,526
Consolidated net earnings	24,979	54,406	79,257	109,768
Capital contributions	838	3,017	11,921	7,378
Consolidation of other venture				25,759
Foreign currency translation gains (losses), net	(470)	(336)	(955)	(493)
Distributions and other	(35,227)	(219,098)	(164,220)	(290,151)
Ending balance	3,323,541	3,335,787	3,323,541	3,335,787
Prologis, L.P. [Member] | Preferred [Member] | General Partner
Beginning balance	$ 63,948	$ 63,948	$ 63,948	$ 63,948
Beginning balance, Units	1,279	1,279	1,279	1,279
Ending balance	$ 63,948	$ 63,948	$ 63,948	$ 63,948
Ending balance, Units	1,279	1,279	1,279	1,279
Prologis, L.P. [Member] | Common [Member] | General Partner
Beginning balance	$ 34,511,819	$ 32,041,765	$ 33,362,925	$ 31,907,599
Beginning balance, Units	740,360	739,020	739,827	739,381
Consolidated net earnings	$ 1,015,464	$ 723,538	$ 2,777,642	$ 1,691,061
Effect of equity compensation plans	$ 15,496	$ 11,141	$ 36,617	$ 24,438
Effect of equity compensation plans, units	23	17	349	(403)
Redemption of limited partners units	$ 1,357	$ 12,543	$ 10,931	$ 15,139
Redemption of limited partners units, units	28	286	235	345
Foreign currency translation gains (losses), net	$ 232,919	$ 47,576	$ 741,234	$ 196,820
Unrealized gains on derivative contracts, net	24,216	3,638	65,393	13,013
Reallocation of equity	15,526	70,153	(2,821)	(1,510)
Distributions and other	(587,645)	(468,185)	(1,762,769)	(1,404,391)
Ending balance	$ 35,229,152	$ 32,442,169	$ 35,229,152	$ 32,442,169
Ending balance, Units	740,411	739,323	740,411	739,323
Prologis, L.P. [Member] | Common [Member] | Limited Partners [Member]
Beginning balance	$ 590,224	$ 530,326	$ 557,097	$ 523,954
Beginning balance, Units	12,662	12,231	12,354	12,142
Consolidated net earnings	$ 17,736	$ 11,971	$ 48,415	$ 28,645
Effect of equity compensation plans	$ 26,754	$ 17,017	$ 87,153	$ 61,580
Effect of equity compensation plans, units	131	125	969	1,210
Redemption of limited partners units	$ (3,874)	$ (45,149)	$ (63,436)	$ (153,312)
Redemption of limited partners units, units	(45)	(523)	(575)	(1,519)
Issuance of units related to acquisitions		$ 130,416		$ 130,416
Issuance of units related to acquisitions, units		1,031		1,031
Foreign currency translation gains (losses), net	$ 4,069	$ 954	$ 12,763	$ 3,424
Unrealized gains on derivative contracts, net	422	71	1,126	226
Reallocation of equity	(15,878)	(71,466)	2,514	(169)
Distributions and other	(12,896)	(9,660)	(39,075)	(30,284)
Ending balance	$ 606,557	$ 564,480	$ 606,557	$ 564,480
Ending balance, Units	12,748	12,864	12,748	12,864
Prologis, L.P. [Member] | Class A Common [Member] | Limited Partners [Member]
Beginning balance	$ 374,526	$ 346,967	$ 360,702	$ 345,553
Beginning balance, Units	8,595	8,595	8,595	8,595
Consolidated net earnings	$ 10,995	$ 7,816	$ 30,018	$ 18,263
Foreign currency translation gains (losses), net	2,544	514	8,060	2,130
Unrealized gains on derivative contracts, net	264	39	711	140
Reallocation of equity	352	1,313	307	1,679
Distributions and other	(5,558)	(5,559)	(16,675)	(16,675)
Ending balance	$ 383,123	$ 351,090	$ 383,123	$ 351,090
Ending balance, Units	8,595	8,595	8,595	8,595

Consolidated Statements of Ca_2

Consolidated Statements of Capital (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement Of Partners Capital [Abstract]
Distributions per common unit	$ 0.79	$ 0.63	$ 2.37	$ 1.89

General

General	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
General	NOTE 1. GENERAL Business . Prologis, Inc. (or the “Parent”) commenced operations as a fully integrated real estate company in 1997, elected to be taxed as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code” or “IRC”), and believes the current organization and method of operation will enable it to maintain its status as a REIT. The Parent is the general partner of Prologis, L.P. (or the “Operating Partnership” or “OP”). Through the OP, we are engaged in the ownership, acquisition, development and management of logistics facilities with a focus on key markets in 19 countries on four continents. We invest in real estate through wholly owned subsidiaries and other entities through which we co-invest with partners and investors. We maintain a significant level of ownership in these co-investment ventures, which may be consolidated or unconsolidated based on our level of control of the entity. Our current business strategy consists of two operating business segments: Real Estate Operations and Strategic Capital. Our Real Estate Operations segment represents the ownership and development of logistics properties. Our Strategic Capital segment represents the management of unconsolidated co-investment ventures and other ventures. See Note 10 for further discussion of our business segments. Unless otherwise indicated, the Notes to the Consolidated Financial Statements apply to both the Parent and the OP. The terms “the Company,” “Prologis,” “we,” “our” or “us” means the Parent and OP collectively. For each share of preferred or common stock the Parent issues, the OP issues a corresponding preferred or common partnership unit, as applicable, to the Parent in exchange for the contribution of the proceeds from the stock issuance. At September 30, 2022, the Parent owned a 97.27% common general partnership interest in the OP and substantially all of the preferred units in the OP. The remaining 2.73% 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.

Real Estate

Real Estate	9 Months Ended
	Sep. 30, 2022
Real Estate [Abstract]
Real Estate	NOTE 2. REAL ESTATE Investments in real estate properties consisted of the following (dollars and square feet in thousands): Square Feet Number of Buildings Sep 30, Dec 31, Sep 30, Dec 31, Sep 30, Dec 31, 2022 2021 2022 2021 2022 2021 Operating properties: Buildings and improvements 461,668 444,413 2,365 2,310 $ 33,800,162 $ 32,159,514 Improved land 12,825,512 12,294,246 Development portfolio, including land costs: Prestabilized 7,464 6,325 21 16 903,862 710,091 Properties under development 36,756 28,638 101 83 2,537,938 2,019,249 Land (1) 2,677,988 2,519,590 Other real estate investments (2) 3,209,408 3,302,500 Total investments in real estate properties 55,954,870 53,005,190 Less accumulated depreciation 8,558,576 7,668,187 Net investments in real estate properties $ 47,396,294 $ 45,337,003 (1) At September 30, 2022 and December 31, 2021, our land was comprised of 6,579 and 6,227 acres, respectively. (2) Included in other real estate investments were: (i) land parcels we own and lease to third parties; (ii) non-strategic real estate assets acquired that we do not intend to operate long-term; (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 September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Number of operating properties 9 15 22 26 Square feet 1,952 3,910 3,746 6,023 Acres of land 590 685 1,796 1,391 Acquisition cost of net investments in real estate, excluding other real estate investments (1) $ 314,736 $ 707,209 $ 1,562,962 $ 1,572,074 Acquisition cost of other real estate investments $ 33,627 $ 50,502 $ 636,841 $ 224,309 (1) Included in the three and nine months ended September 30, 2021, is our acquisition of additional ownership interest in certain unconsolidated other ventures that we acquired from our partners and subsequently resulted in the consolidation of the real estate assets. On October 3, 2022, we completed the acquisition of Duke Realty Corporation (“Duke Realty”) and Duke Realty Limited Partnership (“Duke Realty OP”) (collectively “Duke” or the “Duke Transaction”). The Duke Transaction was completed for approximately $23 billion through the issuance of equity based on the value of the Prologis common stock issued using the closing price on September 30, 2022 and the assumption of debt. The Duke portfolio was primarily comprised of logistics real estate assets, including approximately 480 industrial operating properties, aggregating 142 million square feet, which were highly complementary to our U.S. portfolio in terms of product quality, location and growth potential. The portfolio also included properties under development, land for future development and investments in other ventures. For further information on the Duke Transaction see Note 12. Dispositions The following table summarizes our dispositions of net investments in real estate that include contributions to unconsolidated co-investment ventures and dispositions to third parties (dollars and square feet in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Dispositions of development properties and land, net (2) Number of properties 7 12 18 31 Square feet 1,203 2,876 4,966 12,337 Net proceeds $ 168,601 $ 368,131 $ 846,350 $ 1,814,331 Gains on dispositions of development properties and land, net $ 74,678 $ 139,406 $ 390,686 $ 500,410 Other dispositions of investments in real estate, net Number of properties - 31 102 74 Square feet - 5,806 8,676 12,060 Net proceeds (1) $ - $ 738,396 $ 1,264,280 $ 1,334,168 Gains on other dispositions of investments in real estate, net (1) $ 1,019 $ 214,390 $ 585,854 $ 358,180 (1) Included in the three and nine months ended September 30, 2021, is the sale of our ownership interest in an unconsolidated other venture. (2) 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 $531.0 million and $459.4 million within Other Assets and lease liabilities of $526.7 million and $448.4 million within Other Liabilities , for land and office space leases in which we are the lessee, on the Consolidated Balance Sheets at September 30, 2022 and December 31, 2021, respectively.

Unconsolidated Entities

Unconsolidated Entities	9 Months Ended
	Sep. 30, 2022
Equity Method Investments And Joint Ventures [Abstract]
Unconsolidated Entities	NOTE 3. UNCONSOLIDATED ENTITIES Summary of Investments We have investments in entities through a variety of ventures. We co-invest in entities that own multiple properties with partners and investors and we provide asset management and property management services to these entities, which we refer to as co-investment ventures. These entities may be consolidated or unconsolidated depending on the structure, our partner’s participation and other rights and our level of control of the entity. This note details our investments in unconsolidated co-investment ventures, which are related parties and accounted for using the equity method of accounting. See Note 6 for more detail regarding our consolidated investments that are not wholly owned. We also have investments in other ventures, generally with one partner, which we account for using the equity method. We refer to our investments in both unconsolidated co-investment ventures and other ventures, collectively, as unconsolidated entities. The following table summarizes our investments in and advances to unconsolidated entities (in thousands): September 30, December 31, 2022 2021 Unconsolidated co-investment ventures $ 7,864,132 $ 7,825,455 Other ventures 794,997 785,503 Total $ 8,659,129 $ 8,610,958 Unconsolidated Co-Investment Ventures The following table summarizes the Strategic Capital Revenues Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Recurring fees $ 115,902 $ 100,167 $ 344,945 $ 288,049 Transactional fees 19,805 14,399 54,553 53,476 Promote revenue (1) 456,038 1,570 475,552 13,821 Total strategic capital revenues from unconsolidated co-investment ventures (2) $ 591,745 $ 116,136 $ 875,050 $ 355,346 (1) Includes promote revenue earned from Prologis European Logistics Fund (“PELF”) in September 2022 (2) These amounts exclude strategic capital revenues from other ventures. The following table summarizes the key property information, financial position and operating information of our unconsolidated co-investment ventures 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: Sep 30, 2022 Dec 31, 2021 Sep 30, 2022 Dec 31, 2021 Sep 30, 2022 (2) Dec 31, 2021 Sep 30, 2022 Dec 31, 2021 Sep 30, 2022 Dec 31, 2021 Key property information: Ventures 1 1 2 2 2 2 3 3 8 8 Operating properties 738 732 261 254 988 818 208 203 2,195 2,007 Square feet 123 122 58 56 219 198 84 82 484 458 Financial position: Total assets ($) 12,407 11,619 3,521 3,349 21,154 18,373 8,980 10,746 46,062 44,087 Third-party debt ($) 3,468 3,069 1,150 1,052 4,740 3,737 3,505 4,157 12,863 12,015 Total liabilities ($) 4,141 3,717 1,237 1,116 6,766 5,619 3,910 4,685 16,054 15,137 Our investment balance ($) (3) 2,385 2,393 859 840 3,929 3,712 691 880 7,864 7,825 Our weighted average ownership (4) 26.5 % 27.0 % 40.4 % 40.8 % 30.5 % 30.9 % 15.2 % 15.1 % 27.2 % 26.9 % U.S. Other Americas (1) Europe Asia Total Operating Information: Sep 30, 2022 Sep 30, 2021 Sep 30, 2022 Sep 30, 2021 Sep 30, 2022 Sep 30, 2021 Sep 30, 2022 Sep 30, 2021 Sep 30, 2022 Sep 30, 2021 For the three months ended: Total revenues ($) 297 260 97 81 342 348 152 164 888 853 Net earnings ($) 73 152 35 28 113 84 34 49 255 313 Our earnings from unconsolidated co-investment ventures, net ($) 20 40 12 9 41 27 5 8 78 84 For the nine months ended: Total revenues ($) 874 771 282 234 1,052 1,029 478 483 2,686 2,517 Net earnings ($) 213 255 99 86 344 253 100 120 756 714 Our earnings from unconsolidated co-investment ventures, net ($) 58 68 34 31 111 81 16 20 219 200 (1) Prologis Brazil Logistics Venture (“PBLV”) and our other Brazilian joint ventures are combined as one venture for the purpose of this table. (2) In September 2022, PELF acquired a real estate portfolio that primarily included 125 industrial operating properties. (3) 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 September 30, 2022 and December 31, 2021, results principally from four types of transactions: (i) deferred gains from the contribution of property to a venture prior to January 1, 2018; (ii) recording additional costs associated with our investment in the venture; (iii) receivables, principally for fees and promotes ($642.6 million and $149.5 million, respectively); and (iv) customer security deposits retained subsequent to property contributions to Nippon Prologis REIT, Inc. (4) Represents our weighted average ownership interest in all unconsolidated co-investment ventures based on each entity’s contribution of total assets before depreciation, net of other liabilities. Equity Commitments Related to Certain Unconsolidated Co-Investment Ventures At September 30, 2022, our outstanding equity commitments were $295.0 million, principally for Prologis China Logistics Venture. The equity commitments expire from 2023 to 2028 if they have not been previously called. Typically, equity commitments are used for future development and acquisitions in the unconsolidated co-investment ventures.

Assets Held for Sale or Contrib

Assets Held for Sale or Contribution	9 Months Ended
	Sep. 30, 2022
Real Estate Assets Held For Development And Sale [Abstract]
Assets Held for Sale or Contribution	NOTE 4. ASSETS HELD FOR SALE OR CONTRIBUTION We had investments in certain real estate properties that met the criteria to be classified as held for sale or contribution at September 30, 2022 and December 31, 2021. At the time of classification, these properties were expected to be sold to third parties or were recently stabilized and expected to be contributed to unconsolidated co-investment ventures within twelve months. The amounts included in Assets Held for Sale or Contribution Assets held for sale or contribution consisted of the following (dollars and square feet in thousands): September 30, December 31, 2022 2021 Number of operating properties 20 14 Square feet 3,958 5,486 Total assets held for sale or contribution $ 614,356 $ 669,688 Total liabilities associated with assets held for sale or contribution – included in Other Liabilities $ 7,178 $ 10,631

Debt

Debt	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Debt	NOTE 5. DEBT All debt is incurred by the OP or its consolidated subsidiaries. The following table summarizes our debt (dollars in thousands): September 30, 2022 December 31, 2021 Weighted Average Amount Weighted Average Amount Interest Rate (1) Term (2) Outstanding (3) Interest Rate (1) Term (2) Outstanding (3) Credit facilities 1.4% 2.2 $ 520,446 0.8% 1.6 $ 491,393 Senior notes 1.8% 10.8 15,747,632 1.7% 11.6 14,981,690 Term loans and unsecured other 1.4% 5.5 1,377,246 0.5% 4.2 1,825,195 Secured mortgage 2.4% 3.4 493,975 5.1% 4.7 416,776 Total 1.8% 10.0 $ 18,139,299 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: September 30, 2022 December 31, 2021 Weighted Average Interest Rate Amount Outstanding % of Total Weighted Average Interest Rate Amount Outstanding % of Total British pound sterling 2.2 % $ 1,143,856 6.3 % 2.1 % $ 1,376,807 7.8 % Canadian dollar 3.9 % 441,252 2.4 % 2.7 % 283,773 1.6 % Euro 1.2 % 7,618,592 42.0 % 1.0 % 7,408,407 41.8 % Japanese yen 0.9 % 2,857,718 15.8 % 0.9 % 2,878,542 16.2 % U.S. dollar 2.7 % 6,077,881 33.5 % 2.6 % 5,767,525 32.6 % Total 1.8 % $ 18,139,299 100.0 % 1.6 % $ 17,715,054 100.0 % Credit Facilities In June, we terminated our global senior credit facility (the “2019 Global Facility”) and entered into the 2022 Global Facility with a borrowing capacity of up to $3.0 billion (subject to currency fluctuations). We also upsized our second global senior credit facility (the “2021 Global Facility”), increasing its borrowing capacity up to $2.0 billion (subject to currency fluctuations). We may draw on both facilities in British pounds sterling, Canadian dollars, euro, Japanese yen, Mexican pesos London Inter-bank Offered Rate he Secured Overnight Financing Rate. The 2021 Global Facility is scheduled to initially mature in April 2024 and the 2022 Global Facility in June 2026; however, we can extend the maturity date for each facility by six months on two occasions, subject to the payment of extension fees. We have the ability to increase the 2021 Global Facility to $2.5 billion and the 2022 Global Facility to $4.0 billion, subject to currency fluctuations and obtaining additional lender commitments. We also have a Japanese yen revolver (the “Yen Credit Facility”) with total commitments of ¥55.0 billion ($380.2 million at September 30, 2022). We have the ability to increase the borrowing capacity of the Yen Credit Facility to ¥75.0 billion ($518.5 million at September 30, 2022), subject to obtaining additional lender commitments. The Yen Credit Facility is initially scheduled to mature in July 2024; however, we may extend the maturity date for one year, subject to the payment of extension fees. We refer to the 2021 Global Facility, the 2022 Global Facility and the Yen Credit Facility, collectively, as our “Credit Facilities.” Pricing for the Credit Facilities, including the spread over the applicable benchmark and the rates applicable to facility fees and letter of credit fees, varies based on the public debt ratings of the OP. Liquidity The following table summarizes information about our available liquidity at September 30, 2022 Aggregate lender commitments Credit Facilities $ 5,248 Less: Borrowings outstanding 520 Outstanding letters of credit 25 Current availability $ 4,703 Cash and cash equivalents 636 Total liquidity $ 5,339 Senior Notes The following table summarizes the issuances of senior notes during the nine months ended September 30, 2022 (principal in thousands): Aggregate Principal Issuance Date Weighted Average Issuance Date Borrowing Currency USD (1) Interest Rate (2) Term (3) Maturity Dates January £ 60,000 $ 80,932 2.1% 20.0 December 2041 February (4) € 1,550,000 $ 1,768,240 1.0% 8.5 February 2024 – 2034 July ¥ 30,964,500 $ 226,588 1.4% 15.5 July 2027 – 2042 September (4) $ 650,000 $ 650,000 4.6% 10.3 January 2033 Total $ 2,725,760 2.0% 9.8 (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) A portion of net proceeds from the issuance of these notes were used to finance green projects eligible under our green bond framework. On October 6, 2022, we completed an exchange offer and consent solicitation for nine series of Duke’s senior notes for an aggregate amount of $3.4 billion, with $3.2 billion, or 96%, of the aggregate principal amount being validly tendered for exchange. The validly tendered senior notes were exchanged for notes issued by the OP. As a result of the consent solicitation, we have no separate remaining financial reporting obligations or financial covenants associated with the senior notes assumed in the Duke Transaction. All other terms of the assumed Duke senior notes remained substantially the same. Term Loans In July 2022, we paid down our existing term loan in Canada of CAD $170.5 million ($133.5 million) and entered into a new term loan in Canada (“2022 Canadian Term Loan”) for CAD $300.0 million ($218.2 million at September 30, 2022), bearing interest at the Canada Dollar Offered Rate (“CDOR”) plus a spread over the applicable benchmark and maturing in August 2025, however, we can extend the maturity date by one year on two occasions, subject to the payment of extension fees. As the CDOR interest rate will transition to the Canadian Overnight Repo Rate Average (“CORRA”) prior to June 30, 2024, we anticipate modifying the interest rate on this loan prior to this transition and do not expect it to have a material impact on our Consolidated Financial Statements. 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 September 30, 2022 (in thousands): Unsecured Credit Senior Term Loans Secured Maturity Facilities Notes and Other Mortgage Total 2022 (1) $ - $ 292,440 $ 3 $ 1,714 $ 294,157 2023 (1) - - - 177,547 177,547 2024 (2) 377,162 292,440 - 93,519 763,121 2025 (3) - 34,565 219,421 134,100 388,086 2026 (4) 143,284 887,279 587,672 3,466 1,621,701 Thereafter - 14,322,660 574,649 74,629 14,971,938 Subtotal 520,446 15,829,384 1,381,745 484,975 18,216,550 Unamortized premiums (discounts), net - (6,306 ) - 9,781 3,475 Unamortized debt issuance costs, net - (75,446 ) (4,499 ) (781 ) (80,726 ) Total $ 520,446 $ 15,747,632 $ 1,377,246 $ 493,975 $ 18,139,299 (1) We expect to repay the amounts maturing in the next twelve months with cash generated from operations, proceeds from dispositions of real estate properties, or as necessary, with additional borrowings. (2) Included in the 2024 maturities is the 2021 Global Facility and Yen Credit Facility that can be extended until 2025. (3) Included in the 2025 maturities is the 2022 Canadian Term Loan that can be extended until 2027. (4) Included in the 2026 maturities is the 2022 Global Facility that can be extended until 2027. Financial Debt Covenants Our senior notes, term loans and Credit Facilities outstanding at September 30, 2022 were subject to certain financial covenants under their related documents. At September 30, 2022, we were in compliance with all of our financial debt covenants. Guarantee of Finance Subsidiary Debt We have finance subsidiaries as part of our operations in Europe (Prologis Euro Finance LLC), Japan (Prologis Yen Finance LLC) and the U.K. (Prologis Sterling Finance LLC) in order to mitigate our foreign currency risk by borrowing in the currencies in which we invest. These entities are 100% indirectly owned by the OP and all unsecured debt issued or to be issued by each entity is or will be fully and unconditionally guaranteed by the OP. There are no restrictions or limits on the OP’s ability to obtain funds from its subsidiaries by dividend or loan. In reliance on Rule 13-01 of Regulation S-X, the separate financial statements of Prologis Euro Finance LLC, Prologis Yen Finance LLC and Prologis Sterling Finance LLC are not provided.

Noncontrolling Interests

Noncontrolling Interests	9 Months Ended
	Sep. 30, 2022
Noncontrolling Interest [Abstract]
Noncontrolling Interests	NOTE 6. NONCONTROLLING INTERESTS Prologis, L.P. We report noncontrolling interests related to several entities we consolidate but of which we do not own 100% of the equity. These entities include two real estate partnerships that have issued limited partnership units to third parties. Depending on the specific partnership agreements, these limited partnership units are redeemable for cash or, at our option, shares of the Parent’s common stock, generally at a rate of one share of common stock to one limited partnership unit. We also consolidate certain entities in which we do not own 100% of the equity but the equity of these entities is not exchangeable into our common stock. Prologis, Inc. The noncontrolling interests of the Parent include the noncontrolling interests described above for the OP, as well as the limited partnership units in the OP that are not owned by the Parent. The outstanding limited partnership units receive quarterly cash distributions equal to the quarterly dividends paid on our common stock pursuant to the terms of the applicable partnership agreements. The following table summarizes these entities (dollars in thousands): Our Ownership Percentage Noncontrolling Interests Total Assets Total Liabilities Sep 30, 2022 Dec 31, 2021 Sep 30, 2022 Dec 31, 2021 Sep 30, 2022 Dec 31, 2021 Sep 30, 2022 Dec 31, 2021 Prologis U.S. Logistics Venture 55.0 % 55.0 % $ 3,194,303 $ 3,264,337 $ 7,253,012 $ 7,397,195 $ 161,778 $ 147,545 Other consolidated entities (1) various various 129,238 133,201 1,626,849 1,453,236 231,979 162,598 Prologis, L.P. 3,323,541 3,397,538 8,879,861 8,850,431 393,757 310,143 Limited partners in Prologis, L.P. (2)(3) 989,680 917,799 - - - - Prologis, Inc. $ 4,313,221 $ 4,315,337 $ 8,879,861 $ 8,850,431 $ 393,757 $ 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 September 30, 2022 and December 31, 2021 were exchangeable into cash or, at our option, 0.3 million shares of the Parent’s common stock. (2) We had 8.6 million Class A Units that were convertible into 8.1 million and 8.0 million limited partnership units of the OP at September 30, 2022 and December 31, 2021, respectively. (3) There were limited partnership units in the OP, excluding the Class A Units, that were exchangeable into cash or, at our option, 8.2 million and 8.4 million shares of the Parent’s common stock, at September 30, 2022 and December 31, 2021, respectively. Also included are the vested OP Long-Term Incentive Plan Units (“LTIP Units”) associated with our long-term compensation plans of 4.5 million and 4.0 million shares of the Parent’s common stock at September 30, 2022 and December 31, 2021, respectively. See further discussion of LTIP Units in Note 7.

Long-Term Compensation

Long-Term Compensation	9 Months Ended
	Sep. 30, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Long-Term Compensation	NOTE 7. LONG-TERM COMPENSATION Equity-Based Compensation Plans and Programs Prologis Outperformance Plan (“POP”) We have allocated participation points or a percentage of the compensation pool to participants under our POP corresponding to three-year -year compound annualized TSR for the Morgan Stanley Capital International (“MSCI”) US REIT Index for the same period plus 100 basis points. If the Outperformance Hurdle is met, a compensation pool will be formed equal to 3% of the excess value created, subject to a maximum as defined by each performance period. POP awards cannot be paid at a time when we meet the outperformance hurdle yet our absolute TSR is negative. If after seven years our absolute TSR has not been positive, the awards will be forfeited We granted participation points for the 2022 – 2024 performance period in January 2022, with a fair value of $30.4 million using a Monte Carlo valuation model that assumed a risk-free interest rate of 1.0% and an expected volatility of 31.0% for Prologis and 29.0% for the MSCI US REIT Index. The 2022 – 2024 performance period has an absolute maximum cap of $100 million. If an award is earned at the end of the initial three-year performance period, then 20% of the POP award is paid at the end of the initial performance period and the remaining 80% is subject to additional seven-year three-year three-year The Outperformance Hurdle was met for the 2019 – 2021 performance period, which resulted in awards of $100.0 million being earned at December 31, 2021 and awarded in January 2022. Additionally, awards of $35.7 million were earned at December 31, 2021 and awarded in January 2022 for prior performance periods related to the compensation pool in excess of the initial award based on the terms of the POP awards granted prior to 2018. The tables below include POP awards that were earned but are unvested, while any vested awards are reflected within the Consolidated Statements of Equity and Capital. The initial grant date fair value derived using a Monte Carlo valuation model was used in determining the grant date fair value per unit in the tables below. Other Equity-Based Compensation Plans and Programs Our other equity-based compensation plans and programs include (i) the Prologis Promote Plan (“PPP”); (ii) the annual long-term incentive (“LTI”) equity award program (“Annual LTI Award”); and (iii) the annual bonus exchange program. Awards under these plans and programs may be issued in the form of restricted stock units (“RSUs”) or LTIP Units at the participant’s election. RSUs and LTIP Units are valued based on the market price of the Parent’s common stock on the date the award is granted and the grant date value is charged to compensation expense over the service period. Summary of Award Activity RSUs The following table summarizes the activity for RSUs for the nine months ended September 30, 2022 (units in thousands): Weighted Average Unvested RSUs Grant Date Fair Value Balance at January 1, 2022 1,237 $ 87.87 Granted 538 121.73 Vested and distributed (433 ) 92.58 Forfeited (38 ) 120.32 Balance at September 30, 2022 1,304 $ 99.33 LTIP Units The following table summarizes the activity for LTIP Units for the nine months ended September 30, 2022 (units in thousands): Unvested Weighted Average LTIP Units Grant Date Fair Value Balance at January 1, 2022 3,317 $ 61.65 Granted 988 95.90 Vested LTIP Units (838 ) 88.75 Balance at September 30, 2022 3,467 $ 64.85

Earnings Per Common Share or Un

Earnings Per Common Share or Unit	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Common Share or Unit	NOTE 8. EARNINGS PER COMMON SHARE OR UNIT We determine basic earnings per share or unit based on the weighted average number of shares of common stock or units outstanding during the period. We compute diluted earnings per share or unit based on the weighted average number of shares or units outstanding combined with the incremental weighted average effect from all outstanding potentially dilutive instruments. The computation of our basic and diluted earnings per share and unit was as follows (in thousands, except per share and unit amounts): Three Months Ended Nine Months Ended September 30, September 30, Prologis, Inc. 2022 2021 2022 2021 Net earnings attributable to common stockholders – Basic $ 1,013,933 $ 722,007 $ 2,773,042 $ 1,686,447 Net earnings attributable to exchangeable limited partnership units (1) 28,792 19,890 78,648 47,131 Adjusted net earnings attributable to common stockholders – Diluted $ 1,042,725 $ 741,897 $ 2,851,690 $ 1,733,578 Weighted average common shares outstanding – Basic 740,719 739,439 740,585 739,217 Incremental weighted average effect on exchange of limited partnership units (1) 21,230 20,421 21,246 20,860 Incremental weighted average effect of equity awards 4,423 5,085 4,188 4,567 Weighted average common shares outstanding – Diluted (2) 766,372 764,945 766,019 764,644 Net earnings per share attributable to common stockholders: Basic $ 1.37 $ 0.98 $ 3.74 $ 2.28 Diluted $ 1.36 $ 0.97 $ 3.72 $ 2.27 Three Months Ended Nine Months Ended September 30, September 30, Prologis, L.P. 2022 2021 2022 2021 Net earnings attributable to common unitholders $ 1,042,664 $ 741,794 $ 2,851,475 $ 1,733,355 Net earnings attributable to Class A Units (10,995 ) (7,816 ) (30,018 ) (18,263 ) Net earnings attributable to common unitholders – Basic 1,031,669 733,978 2,821,457 1,715,092 Net earnings attributable to Class A Units 10,995 7,816 30,018 18,263 Net earnings attributable to exchangeable other limited partnership units 61 103 215 223 Adjusted net earnings attributable to common unitholders – Diluted $ 1,042,725 $ 741,897 $ 2,851,690 $ 1,733,578 Weighted average common partnership units outstanding – Basic 753,616 751,558 753,515 751,773 Incremental weighted average effect on exchange of Class A Units 8,034 8,003 8,017 8,005 Incremental weighted average effect on exchange of other limited partnership units 299 299 299 299 Incremental weighted average effect of equity awards of Prologis, Inc. 4,423 5,085 4,188 4,567 Weighted average common units outstanding – Diluted (2) 766,372 764,945 766,019 764,644 Net earnings per unit attributable to common unitholders: Basic $ 1.37 $ 0.98 $ 3.74 $ 2.28 Diluted $ 1.36 $ 0.97 $ 3.72 $ 2.27 (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 Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Class A Units 8,034 8,003 8,017 8,005 Other limited partnership units 299 299 299 299 Equity awards 6,557 6,965 6,309 6,863 Prologis, L.P. 14,890 15,267 14,625 15,167 Common limited partnership units 12,897 12,119 12,930 12,556 Prologis, Inc. 27,787 27,386 27,555 27,723

Financial Instruments and Fair

Financial Instruments and Fair Value Measurements	9 Months Ended
	Sep. 30, 2022
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Financial Instruments and Fair Value Measurements	NOTE 9. FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS Derivative Financial Instruments In the normal course of business, our operations are exposed to market risks, including the effect of changes in foreign currency exchange rates and interest rates. We may enter into derivative financial instruments to offset these underlying market risks. There have been no significant changes in our policy or strategy from what was disclosed in our Annual Report on Form 10-K for the year ended December 31, 2021. The following table presents the fair value of our derivative financial instruments recognized within Other Assets Other Liabilities September 30, 2022 December 31, 2021 Asset Liability Asset Liability Undesignated derivatives Foreign currency contracts Forwards Brazilian real $ 30 $ 341 $ 664 $ - British pound sterling 59,394 - 5,361 3,492 Canadian dollar 16,113 - 2,856 1,790 Chinese renminbi 1,190 - - 550 Euro 97,207 - 40,484 136 Japanese yen 59,983 - 23,341 - Swedish krona 9,534 - 3,773 201 Designated derivatives Foreign currency contracts Net investment hedges British pound sterling 65,527 - 9,158 2,683 Canadian dollar 37,678 - 5,410 823 Interest rate swaps Cash flow hedges Euro 40,052 - - - Total fair value of derivatives $ 386,708 $ 341 $ 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 nine months ended September 30 (in millions, except for weighted average forward rates and number of active contracts): 2022 2021 CAD EUR GBP JPY Other Total CAD EUR GBP JPY Other Total Notional amounts at January 1 ($) 175 749 383 250 105 1,662 163 474 207 252 66 1,162 New contracts ($) 124 603 251 175 81 1,234 219 362 166 77 47 871 Matured, expired or settled contracts ($) (49 ) (753 ) (274 ) (78 ) (105 ) (1,259 ) (199 ) (120 ) (115 ) (58 ) (45 ) (537 ) Notional amounts at September 30 ($) 250 599 360 347 81 1,637 183 716 258 271 68 1,496 Weighted average forward rate at September 30 1.28 1.20 1.32 108.59 1.26 1.23 1.37 103.19 Active contracts at September 30 96 89 89 99 73 87 69 78 The following table summarizes the undesignated derivative financial instruments exercised and associated realized and unrealized gains (losses) in Foreign Currency and Derivative Gains and Interest and Other Income, Net Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Exercised contracts 55 61 124 135 Realized gains (losses) on the matured, expired or settled contracts $ 94 $ (2 ) $ 124 $ (11 ) Unrealized gains on the change in fair value of outstanding contracts $ 48 $ 35 $ 151 $ 75 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 nine months ended September 30 2022 2021 BRL CAD GBP Total CAD GBP Total Notional amounts at January 1 ($) - 535 432 967 377 135 512 New contracts ($) 44 599 317 960 535 300 835 Matured, expired or settled contracts ($) (44 ) (535 ) (300 ) (879 ) (299 ) - (299 ) Notional amounts at September 30 ($) - 599 449 1,048 613 435 1,048 Weighted average forward rate at September 30 - 1.29 1.31 1.26 1.38 Active contracts at September 30 - 7 4 7 4 Interest Rate Swaps The following table summarizes the activity of our interest rate swaps designated as cash flow hedges for the nine months ended September 30 2022 2021 EUR USD Total EUR USD Total Notional amounts at January 1 ($) 165 - 165 165 250 415 New contracts ($) 1,004 250 1,254 - - - Matured, expired or settled contracts ($) (722 ) (250 ) (972 ) - (250 ) (250 ) Notional amounts at September 30 ($) 447 - 447 165 - 165 Designated Nonderivative Financial Instruments The following table summarizes our debt and accrued interest, designated as a hedge of our net investment in international subsidiaries at the quarter ended (in millions): September 30, 2022 December 31, 2021 British pound sterling $ 1,195 $ 624 The following table summarizes the unrealized gains (losses) in Foreign Currency and Derivative Gains and Interest and Other Income, Net Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Unrealized gains on the unhedged portion $ 36 $ 30 $ 85 $ 73 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 September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Derivative net investment hedges $ 74,341 $ 25,549 $ 134,798 $ 11,090 Debt designated as nonderivative net investment hedges 105,726 15,118 247,195 (3,715 ) Cumulative translation adjustment 58,995 8,041 379,109 194,506 Total foreign currency translation gains, net $ 239,062 $ 48,708 $ 761,102 $ 201,881 Cash flow hedges (1) $ 16,818 $ 872 $ 45,764 $ 8,246 Our share of derivatives from unconsolidated co-investment ventures 8,084 2,876 21,466 5,133 Total unrealized gains on derivative contracts, net $ 24,902 $ 3,748 $ 67,230 $ 13,379 Total change in other comprehensive income $ 263,964 $ 52,456 $ 828,332 $ 215,260 (1) We estimate an additional expense of $1.1 million will be reclassified to Interest Expense over the next 12 months from September 30, 2022, due to the amortization of previously settled derivatives designated as cash flow hedges. Fair Value Measurements There have been no significant changes in our policy from what was disclosed in our Annual Report on Form 10-K for the year ended December 31, 2021. Fair Value Measurements on a Recurring Basis At September 30, 2022 and December 31, 2021, other than the derivatives discussed previously, we had no significant financial assets or financial liabilities that were measured at fair value on a recurring basis in the Consolidated Financial Statements. All of our derivatives held at September 30, 2022 and December 31, 2021, were classified as Level 2 of the fair value hierarchy. Fair Value Measurements on Nonrecurring Basis Acquired properties and assets we expect to sell or contribute are significant nonfinancial assets that met the criteria to be measured at fair value on a nonrecurring basis. At September 30, 2022 and December 31, 2021, we estimated the fair value of our properties using Level 2 or Level 3 inputs from the fair value hierarchy. See more information on our acquired properties in Notes 2 and assets held for sale or contribution in Note 4. Fair Value of Financial Instruments At September 30, 2022 and December 31, 2021, the carrying amounts of certain financial instruments, including cash and cash equivalents, accounts and notes receivable, accounts payable and accrued expenses were representative of their fair values. The differences in the fair value of our debt from the carrying value in the table below were the result of differences in interest rates or borrowing spreads that were available to us at September 30, 2022 and December 31, 2021, as compared with those in effect when the debt was issued or assumed, including reduced borrowing spreads due to our improved credit ratings. The fair value of the senior notes decreased during the nine months ended September 30, 2022 due to the increase in bond yields in the market as compared to the weighted average interest rates on our senior notes. The senior notes and secured mortgage debt may contain prepayment penalties or yield maintenance provisions that could make the cost of refinancing the debt at lower rates exceed the benefit that would be derived from doing so. We evaluate this on an on-going basis based on market conditions and other factors. The following table reflects the carrying amounts and estimated fair values of our debt (in thousands): September 30, 2022 December 31, 2021 Carrying Value Fair Value Carrying Value Fair Value Credit Facilities $ 520,446 $ 520,446 $ 491,393 $ 491,429 Senior notes 15,747,632 12,650,101 14,981,690 15,151,781 Term loans and unsecured other 1,377,246 1,378,948 1,825,195 1,835,569 Secured mortgage 493,975 470,808 416,776 437,215 Total $ 18,139,299 $ 15,020,303 $ 17,715,054 $ 17,915,994

Business Segments

Business Segments	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Business Segments	NOTE 10. BUSINESS SEGMENTS Our current business strategy includes two operating segments: Real Estate Operations and Strategic Capital. We generate revenues, earnings, net operating income and cash flows through our segments, as follows: • Real Estate Operations. This operating segment represents the ownership and development of operating properties and is the largest component of our revenue and earnings. We collect rent from our customers through operating leases, including reimbursements for the majority of our property operating costs. Each operating property is considered to be an individual operating segment with similar economic characteristics; these properties are combined within the reportable business segment based on geographic location. Our Real Estate Operations segment also includes development activities that lead to rental operations, including land held for development and properties currently under development, and other real estate investments. Within this line of business, we utilize the following: (i) our land bank; (ii) the development and leasing expertise of our local teams; and (iii) our customer relationships. • Strategic Capital. This operating segment represents the management of unconsolidated co-investment ventures. We generate strategic capital revenues primarily from our unconsolidated co-investment ventures through asset management and property management services and we earn additional revenues by providing leasing, acquisition, construction, development, financing and disposition services. Depending on the structure of the venture and the returns provided to our partners, we also earn revenues through promotes periodically during the life of a venture or upon liquidation. Each unconsolidated co-investment venture we manage is considered to be an individual operating segment with similar economic characteristics; these ventures are combined within the reportable business segment based on geographic location. Reconciliations are presented below for: (i) each reportable business segment’s revenues from external customers to Total Revenues Operating Income Earnings Before Income Taxes Total Assets Total Revenues Operating Income Earnings Before Income Taxes Total Assets The following reconciliations are presented in thousands: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Revenues: Real estate operations segment: U.S. $ 1,102,418 $ 992,583 $ 3,187,756 $ 2,939,364 Other Americas 23,774 24,791 69,136 74,179 Europe 13,437 11,912 37,145 44,140 Asia 16,511 12,315 43,147 33,728 Total real estate operations segment 1,156,140 1,041,601 3,337,184 3,091,411 Strategic capital segment: U.S. 53,973 60,319 155,474 130,172 Other Americas 13,344 10,679 57,809 40,817 Europe 503,764 45,325 599,076 136,589 Asia 23,671 25,125 72,557 83,218 Total strategic capital segment 594,752 141,448 884,916 390,796 Total revenues 1,750,892 1,183,049 4,222,100 3,482,207 Segment net operating income: Real estate operations segment: U.S. (1) 828,144 746,710 2,384,060 2,190,308 Other Americas 17,068 18,341 50,010 55,165 Europe 7,758 6,089 13,592 26,754 Asia 11,459 9,441 30,462 24,509 Total real estate operations segment 864,429 780,581 2,478,124 2,296,736 Strategic capital segment: U.S. (1) (16,055 ) 31,397 33,930 55,051 Other Americas 7,410 7,518 43,657 32,072 Europe 461,701 34,088 528,323 102,537 Asia 11,141 16,056 39,588 54,198 Total strategic capital segment 464,197 89,059 645,498 243,858 Total segment net operating income 1,328,626 869,640 3,123,622 2,540,594 Reconciling items: General and administrative expenses (87,903 ) (66,970 ) (245,663 ) (219,344 ) Depreciation and amortization expenses (401,450 ) (390,806 ) (1,200,410 ) (1,181,117 ) Gains on dispositions of development properties and land, net 74,678 139,406 390,686 500,410 Gains on other dispositions of investments in real estate, net 1,019 214,390 585,854 358,180 Operating income 914,970 765,660 2,654,089 1,998,723 Earnings from unconsolidated entities, net 84,925 91,818 241,481 231,286 Interest expense (63,884 ) (63,638 ) (188,241 ) (203,331 ) Foreign currency and derivative gains and interest and other income, net 171,832 63,326 364,623 142,859 Losses on early extinguishment of debt, net - - (18,895 ) (187,453 ) Earnings before income taxes $ 1,107,843 $ 857,166 $ 3,053,057 $ 1,982,084 September 30, 2022 December 31, 2021 Segment assets: Real estate operations segment: U.S. $ 45,767,065 $ 44,136,140 Other Americas 1,740,423 1,148,371 Europe 1,633,021 1,837,800 Asia 1,045,584 965,854 Total real estate operations segment 50,186,093 48,088,165 Strategic capital segment: (2) U.S. 11,029 11,984 Europe 25,280 25,280 Asia 215 299 Total strategic capital segment 36,524 37,563 Total segment assets 50,222,617 48,125,728 Reconciling items: Investments in and advances to unconsolidated entities 8,659,129 8,610,958 Assets held for sale or contribution 614,356 669,688 Cash and cash equivalents 636,282 556,117 Other assets 813,145 523,729 Total reconciling items 10,722,912 10,360,492 Total assets $ 60,945,529 $ 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 September 30, 2022 and December 31, 2021.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	9 Months Ended
	Sep. 30, 2022
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	NOTE 11. SUPPLEMENTAL CASH FLOW INFORMATION Our significant noncash investing and financing activities for the nine months ended September 30, 2022 and 2021 included the following: • W e recognized lease right-of-use assets and lease liabilities related to leases in which we are the lessee within Other Assets and Other Liabilities on the Consolidated Balance Sheets, including any new leases, renewals and modifications of $150.4 million in 2022 and $32.7 million in 2021 for both assets and liabilities. • We capitalized $26.5 million and $19.4 million in 2022 and 2021, respectively, of equity-based compensation expense. • We received $393.2 million and $299.4 million in 2022 and 2021, respectively, of ownership interests in certain unconsolidated co-investment ventures as a portion of our proceeds from the contribution of properties to these entities, as disclosed in Note 3. • We issued 0.2 million and 0.3 million shares in 2022 and 2021, respectively, of the Parent’s common stock upon redemption of an equal number of common limited partnership units in the OP. • We issued 1.0 million common limited partnership units for $130.4 million to our partner and assumed debt of $215.3 million in our acquisition of additional ownership interest in and subsequent consolidation of two unconsolidated other ventures in 2021. • We formed an unconsolidated venture by contributing $10.0 million of land in 2021. We paid $188.9 million and $224.7 million for interest, net of amounts capitalized, during the nine months ended September 30, 2022 and 2021, respectively. We paid $85.3 million and $85.0 million for income taxes, net of refunds, during the nine months ended September 30, 2022 and 2021, respectively.

Acquisition of Duke

Acquisition of Duke	9 Months Ended
	Sep. 30, 2022
Business Combination And Asset Acquisition [Abstract]
Acquisition of Duke	NOTE 12. ACQUISITION OF DUKE On October 3, 2022, we completed the acquisition of Duke. automatically into the right to receive 0.475 of a newly issued share of Prologis, Inc. common stock or common unit of Prologis, L.P. , as applicable . We issued approximately 183 million shares of Prologis, Inc. common s tock and 2 million common limited partnership units in the OP in the Duke Transaction. After consideration of all applicable factors pursuant to the business combination accounting rules, we concluded the transaction will be treated as an asset acquisition and as a result the transaction costs will be capitalized to the basis of the acquired properties. The total acquisition price was approximately $ 23 billion through the issuance of equity based on the value of the Prologis, Inc. common stock issued using the closing price on September 3 0 , 2022 and the assumption of debt.

General (Policies)

General (Policies)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Business	Business . Prologis, Inc. (or the “Parent”) commenced operations as a fully integrated real estate company in 1997, elected to be taxed as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code” or “IRC”), and believes the current organization and method of operation will enable it to maintain its status as a REIT. The Parent is the general partner of Prologis, L.P. (or the “Operating Partnership” or “OP”). Through the OP, we are engaged in the ownership, acquisition, development and management of logistics facilities with a focus on key markets in 19 countries on four continents. We invest in real estate through wholly owned subsidiaries and other entities through which we co-invest with partners and investors. We maintain a significant level of ownership in these co-investment ventures, which may be consolidated or unconsolidated based on our level of control of the entity. Our current business strategy consists of two operating business segments: Real Estate Operations and Strategic Capital. Our Real Estate Operations segment represents the ownership and development of logistics properties. Our Strategic Capital segment represents the management of unconsolidated co-investment ventures and other ventures. See Note 10 for further discussion of our business segments. Unless otherwise indicated, the Notes to the Consolidated Financial Statements apply to both the Parent and the OP. The terms “the Company,” “Prologis,” “we,” “our” or “us” means the Parent and OP collectively. For each share of preferred or common stock the Parent issues, the OP issues a corresponding preferred or common partnership unit, as applicable, to the Parent in exchange for the contribution of the proceeds from the stock issuance. At September 30, 2022, the Parent owned a 97.27% common general partnership interest in the OP and substantially all of the preferred units in the OP. The remaining 2.73% 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.

Real Estate (Tables)

Real Estate (Tables)	9 Months Ended
	Sep. 30, 2022
Real Estate [Abstract]
Investments in Real Estate Properties	Investments in real estate properties consisted of the following (dollars and square feet in thousands): Square Feet Number of Buildings Sep 30, Dec 31, Sep 30, Dec 31, Sep 30, Dec 31, 2022 2021 2022 2021 2022 2021 Operating properties: Buildings and improvements 461,668 444,413 2,365 2,310 $ 33,800,162 $ 32,159,514 Improved land 12,825,512 12,294,246 Development portfolio, including land costs: Prestabilized 7,464 6,325 21 16 903,862 710,091 Properties under development 36,756 28,638 101 83 2,537,938 2,019,249 Land (1) 2,677,988 2,519,590 Other real estate investments (2) 3,209,408 3,302,500 Total investments in real estate properties 55,954,870 53,005,190 Less accumulated depreciation 8,558,576 7,668,187 Net investments in real estate properties $ 47,396,294 $ 45,337,003 (1) At September 30, 2022 and December 31, 2021, our land was comprised of 6,579 and 6,227 acres, respectively. (2) Included in other real estate investments were: (i) land parcels we own and lease to third parties; (ii) non-strategic real estate assets acquired that we do not intend to operate long-term; (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 September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Number of operating properties 9 15 22 26 Square feet 1,952 3,910 3,746 6,023 Acres of land 590 685 1,796 1,391 Acquisition cost of net investments in real estate, excluding other real estate investments (1) $ 314,736 $ 707,209 $ 1,562,962 $ 1,572,074 Acquisition cost of other real estate investments $ 33,627 $ 50,502 $ 636,841 $ 224,309 (1) Included in the three and nine months ended September 30, 2021, is our acquisition of additional ownership interest in certain unconsolidated other ventures that we acquired from our partners and subsequently resulted in the consolidation of the real estate assets.
Number of Properties Disposed Including Minor Adjustments	The following table summarizes our dispositions of net investments in real estate that include contributions to unconsolidated co-investment ventures and dispositions to third parties (dollars and square feet in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Dispositions of development properties and land, net (2) Number of properties 7 12 18 31 Square feet 1,203 2,876 4,966 12,337 Net proceeds $ 168,601 $ 368,131 $ 846,350 $ 1,814,331 Gains on dispositions of development properties and land, net $ 74,678 $ 139,406 $ 390,686 $ 500,410 Other dispositions of investments in real estate, net Number of properties - 31 102 74 Square feet - 5,806 8,676 12,060 Net proceeds (1) $ - $ 738,396 $ 1,264,280 $ 1,334,168 Gains on other dispositions of investments in real estate, net (1) $ 1,019 $ 214,390 $ 585,854 $ 358,180 (1) Included in the three and nine months ended September 30, 2021, is the sale of our ownership interest in an unconsolidated other venture. (2) 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)	9 Months Ended
	Sep. 30, 2022
Schedule Of Equity Method Investments [Line Items]
Summary of Investments in and Advances to our Unconsolidated Entities	The following table summarizes our investments in and advances to unconsolidated entities (in thousands): September 30, December 31, 2022 2021 Unconsolidated co-investment ventures $ 7,864,132 $ 7,825,455 Other ventures 794,997 785,503 Total $ 8,659,129 $ 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: Sep 30, 2022 Dec 31, 2021 Sep 30, 2022 Dec 31, 2021 Sep 30, 2022 (2) Dec 31, 2021 Sep 30, 2022 Dec 31, 2021 Sep 30, 2022 Dec 31, 2021 Key property information: Ventures 1 1 2 2 2 2 3 3 8 8 Operating properties 738 732 261 254 988 818 208 203 2,195 2,007 Square feet 123 122 58 56 219 198 84 82 484 458 Financial position: Total assets ($) 12,407 11,619 3,521 3,349 21,154 18,373 8,980 10,746 46,062 44,087 Third-party debt ($) 3,468 3,069 1,150 1,052 4,740 3,737 3,505 4,157 12,863 12,015 Total liabilities ($) 4,141 3,717 1,237 1,116 6,766 5,619 3,910 4,685 16,054 15,137 Our investment balance ($) (3) 2,385 2,393 859 840 3,929 3,712 691 880 7,864 7,825 Our weighted average ownership (4) 26.5 % 27.0 % 40.4 % 40.8 % 30.5 % 30.9 % 15.2 % 15.1 % 27.2 % 26.9 % U.S. Other Americas (1) Europe Asia Total Operating Information: Sep 30, 2022 Sep 30, 2021 Sep 30, 2022 Sep 30, 2021 Sep 30, 2022 Sep 30, 2021 Sep 30, 2022 Sep 30, 2021 Sep 30, 2022 Sep 30, 2021 For the three months ended: Total revenues ($) 297 260 97 81 342 348 152 164 888 853 Net earnings ($) 73 152 35 28 113 84 34 49 255 313 Our earnings from unconsolidated co-investment ventures, net ($) 20 40 12 9 41 27 5 8 78 84 For the nine months ended: Total revenues ($) 874 771 282 234 1,052 1,029 478 483 2,686 2,517 Net earnings ($) 213 255 99 86 344 253 100 120 756 714 Our earnings from unconsolidated co-investment ventures, net ($) 58 68 34 31 111 81 16 20 219 200 (1) Prologis Brazil Logistics Venture (“PBLV”) and our other Brazilian joint ventures are combined as one venture for the purpose of this table. (2) In September 2022, PELF acquired a real estate portfolio that primarily included 125 industrial operating properties. (3) 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 September 30, 2022 and December 31, 2021, results principally from four types of transactions: (i) deferred gains from the contribution of property to a venture prior to January 1, 2018; (ii) recording additional costs associated with our investment in the venture; (iii) receivables, principally for fees and promotes ($642.6 million and $149.5 million, respectively); and (iv) customer security deposits retained subsequent to property contributions to Nippon Prologis REIT, Inc. (4) Represents our weighted average ownership interest in all unconsolidated co-investment ventures based on each entity’s contribution of total assets before depreciation, net of other liabilities.
Summary of Strategic Capital Revenues Recognized in Consolidated Statements of Income Related to Co-Investment Ventures	The following table summarizes the Strategic Capital Revenues Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Recurring fees $ 115,902 $ 100,167 $ 344,945 $ 288,049 Transactional fees 19,805 14,399 54,553 53,476 Promote revenue (1) 456,038 1,570 475,552 13,821 Total strategic capital revenues from unconsolidated co-investment ventures (2) $ 591,745 $ 116,136 $ 875,050 $ 355,346 (1) Includes promote revenue earned from Prologis European Logistics Fund (“PELF”) in September 2022 (2) These amounts exclude strategic capital revenues from other ventures.

Assets Held for Sale or Contr_2

Assets Held for Sale or Contribution (Tables)	9 Months Ended
	Sep. 30, 2022
Real Estate Assets Held For Development And Sale [Abstract]
Summary of Assets Held for Sale or Contribution	Assets held for sale or contribution consisted of the following (dollars and square feet in thousands): September 30, December 31, 2022 2021 Number of operating properties 20 14 Square feet 3,958 5,486 Total assets held for sale or contribution $ 614,356 $ 669,688 Total liabilities associated with assets held for sale or contribution – included in Other Liabilities $ 7,178 $ 10,631

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Debt Summary	All debt is incurred by the OP or its consolidated subsidiaries. The following table summarizes our debt (dollars in thousands): September 30, 2022 December 31, 2021 Weighted Average Amount Weighted Average Amount Interest Rate (1) Term (2) Outstanding (3) Interest Rate (1) Term (2) Outstanding (3) Credit facilities 1.4% 2.2 $ 520,446 0.8% 1.6 $ 491,393 Senior notes 1.8% 10.8 15,747,632 1.7% 11.6 14,981,690 Term loans and unsecured other 1.4% 5.5 1,377,246 0.5% 4.2 1,825,195 Secured mortgage 2.4% 3.4 493,975 5.1% 4.7 416,776 Total 1.8% 10.0 $ 18,139,299 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: September 30, 2022 December 31, 2021 Weighted Average Interest Rate Amount Outstanding % of Total Weighted Average Interest Rate Amount Outstanding % of Total British pound sterling 2.2 % $ 1,143,856 6.3 % 2.1 % $ 1,376,807 7.8 % Canadian dollar 3.9 % 441,252 2.4 % 2.7 % 283,773 1.6 % Euro 1.2 % 7,618,592 42.0 % 1.0 % 7,408,407 41.8 % Japanese yen 0.9 % 2,857,718 15.8 % 0.9 % 2,878,542 16.2 % U.S. dollar 2.7 % 6,077,881 33.5 % 2.6 % 5,767,525 32.6 % Total 1.8 % $ 18,139,299 100.0 % 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 September 30, 2022 Aggregate lender commitments Credit Facilities $ 5,248 Less: Borrowings outstanding 520 Outstanding letters of credit 25 Current availability $ 4,703 Cash and cash equivalents 636 Total liquidity $ 5,339
Summary of Issuances of Senior Notes	The following table summarizes the issuances of senior notes during the nine months ended September 30, 2022 (principal in thousands): Aggregate Principal Issuance Date Weighted Average Issuance Date Borrowing Currency USD (1) Interest Rate (2) Term (3) Maturity Dates January £ 60,000 $ 80,932 2.1% 20.0 December 2041 February (4) € 1,550,000 $ 1,768,240 1.0% 8.5 February 2024 – 2034 July ¥ 30,964,500 $ 226,588 1.4% 15.5 July 2027 – 2042 September (4) $ 650,000 $ 650,000 4.6% 10.3 January 2033 Total $ 2,725,760 2.0% 9.8 (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) A portion of net proceeds from the issuance of these notes were used to finance green projects eligible under our green bond framework.
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 September 30, 2022 (in thousands): Unsecured Credit Senior Term Loans Secured Maturity Facilities Notes and Other Mortgage Total 2022 (1) $ - $ 292,440 $ 3 $ 1,714 $ 294,157 2023 (1) - - - 177,547 177,547 2024 (2) 377,162 292,440 - 93,519 763,121 2025 (3) - 34,565 219,421 134,100 388,086 2026 (4) 143,284 887,279 587,672 3,466 1,621,701 Thereafter - 14,322,660 574,649 74,629 14,971,938 Subtotal 520,446 15,829,384 1,381,745 484,975 18,216,550 Unamortized premiums (discounts), net - (6,306 ) - 9,781 3,475 Unamortized debt issuance costs, net - (75,446 ) (4,499 ) (781 ) (80,726 ) Total $ 520,446 $ 15,747,632 $ 1,377,246 $ 493,975 $ 18,139,299 (1) We expect to repay the amounts maturing in the next twelve months with cash generated from operations, proceeds from dispositions of real estate properties, or as necessary, with additional borrowings. (2) Included in the 2024 maturities is the 2021 Global Facility and Yen Credit Facility that can be extended until 2025. (3) Included in the 2025 maturities is the 2022 Canadian Term Loan that can be extended until 2027. (4) Included in the 2026 maturities is the 2022 Global Facility that can be extended until 2027.

Noncontrolling Interests (Table

Noncontrolling Interests (Tables)	9 Months Ended
	Sep. 30, 2022
Noncontrolling Interest [Abstract]
Summary of Ownership Percentages and Noncontrolling Interests	The following table summarizes these entities (dollars in thousands): Our Ownership Percentage Noncontrolling Interests Total Assets Total Liabilities Sep 30, 2022 Dec 31, 2021 Sep 30, 2022 Dec 31, 2021 Sep 30, 2022 Dec 31, 2021 Sep 30, 2022 Dec 31, 2021 Prologis U.S. Logistics Venture 55.0 % 55.0 % $ 3,194,303 $ 3,264,337 $ 7,253,012 $ 7,397,195 $ 161,778 $ 147,545 Other consolidated entities (1) various various 129,238 133,201 1,626,849 1,453,236 231,979 162,598 Prologis, L.P. 3,323,541 3,397,538 8,879,861 8,850,431 393,757 310,143 Limited partners in Prologis, L.P. (2)(3) 989,680 917,799 - - - - Prologis, Inc. $ 4,313,221 $ 4,315,337 $ 8,879,861 $ 8,850,431 $ 393,757 $ 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 September 30, 2022 and December 31, 2021 were exchangeable into cash or, at our option, 0.3 million shares of the Parent’s common stock. (2) We had 8.6 million Class A Units that were convertible into 8.1 million and 8.0 million limited partnership units of the OP at September 30, 2022 and December 31, 2021, respectively. (3) There were limited partnership units in the OP, excluding the Class A Units, that were exchangeable into cash or, at our option, 8.2 million and 8.4 million shares of the Parent’s common stock, at September 30, 2022 and December 31, 2021, respectively. Also included are the vested OP Long-Term Incentive Plan Units (“LTIP Units”) associated with our long-term compensation plans of 4.5 million and 4.0 million shares of the Parent’s common stock at September 30, 2022 and December 31, 2021, respectively. See further discussion of LTIP Units in Note 7.

Long-Term Compensation (Tables)

Long-Term Compensation (Tables)	9 Months Ended
	Sep. 30, 2022
Restricted Stock Units (RSUs) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock Options, RSU and Performance Share Awards	The following table summarizes the activity for RSUs for the nine months ended September 30, 2022 (units in thousands): Weighted Average Unvested RSUs Grant Date Fair Value Balance at January 1, 2022 1,237 $ 87.87 Granted 538 121.73 Vested and distributed (433 ) 92.58 Forfeited (38 ) 120.32 Balance at September 30, 2022 1,304 $ 99.33
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 nine months ended September 30, 2022 (units in thousands): Unvested Weighted Average LTIP Units Grant Date Fair Value Balance at January 1, 2022 3,317 $ 61.65 Granted 988 95.90 Vested LTIP Units (838 ) 88.75 Balance at September 30, 2022 3,467 $ 64.85

Earnings Per Common Share or _2

Earnings Per Common Share or Unit (Tables)	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Share Unit	The computation of our basic and diluted earnings per share and unit was as follows (in thousands, except per share and unit amounts): Three Months Ended Nine Months Ended September 30, September 30, Prologis, Inc. 2022 2021 2022 2021 Net earnings attributable to common stockholders – Basic $ 1,013,933 $ 722,007 $ 2,773,042 $ 1,686,447 Net earnings attributable to exchangeable limited partnership units (1) 28,792 19,890 78,648 47,131 Adjusted net earnings attributable to common stockholders – Diluted $ 1,042,725 $ 741,897 $ 2,851,690 $ 1,733,578 Weighted average common shares outstanding – Basic 740,719 739,439 740,585 739,217 Incremental weighted average effect on exchange of limited partnership units (1) 21,230 20,421 21,246 20,860 Incremental weighted average effect of equity awards 4,423 5,085 4,188 4,567 Weighted average common shares outstanding – Diluted (2) 766,372 764,945 766,019 764,644 Net earnings per share attributable to common stockholders: Basic $ 1.37 $ 0.98 $ 3.74 $ 2.28 Diluted $ 1.36 $ 0.97 $ 3.72 $ 2.27 Three Months Ended Nine Months Ended September 30, September 30, Prologis, L.P. 2022 2021 2022 2021 Net earnings attributable to common unitholders $ 1,042,664 $ 741,794 $ 2,851,475 $ 1,733,355 Net earnings attributable to Class A Units (10,995 ) (7,816 ) (30,018 ) (18,263 ) Net earnings attributable to common unitholders – Basic 1,031,669 733,978 2,821,457 1,715,092 Net earnings attributable to Class A Units 10,995 7,816 30,018 18,263 Net earnings attributable to exchangeable other limited partnership units 61 103 215 223 Adjusted net earnings attributable to common unitholders – Diluted $ 1,042,725 $ 741,897 $ 2,851,690 $ 1,733,578 Weighted average common partnership units outstanding – Basic 753,616 751,558 753,515 751,773 Incremental weighted average effect on exchange of Class A Units 8,034 8,003 8,017 8,005 Incremental weighted average effect on exchange of other limited partnership units 299 299 299 299 Incremental weighted average effect of equity awards of Prologis, Inc. 4,423 5,085 4,188 4,567 Weighted average common units outstanding – Diluted (2) 766,372 764,945 766,019 764,644 Net earnings per unit attributable to common unitholders: Basic $ 1.37 $ 0.98 $ 3.74 $ 2.28 Diluted $ 1.36 $ 0.97 $ 3.72 $ 2.27 (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 Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Class A Units 8,034 8,003 8,017 8,005 Other limited partnership units 299 299 299 299 Equity awards 6,557 6,965 6,309 6,863 Prologis, L.P. 14,890 15,267 14,625 15,167 Common limited partnership units 12,897 12,119 12,930 12,556 Prologis, Inc. 27,787 27,386 27,555 27,723

Financial Instruments and Fai_2

Financial Instruments and Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2022
Schedule of Fair Value of Derivative Financial Instruments	The following table presents the fair value of our derivative financial instruments recognized within Other Assets Other Liabilities September 30, 2022 December 31, 2021 Asset Liability Asset Liability Undesignated derivatives Foreign currency contracts Forwards Brazilian real $ 30 $ 341 $ 664 $ - British pound sterling 59,394 - 5,361 3,492 Canadian dollar 16,113 - 2,856 1,790 Chinese renminbi 1,190 - - 550 Euro 97,207 - 40,484 136 Japanese yen 59,983 - 23,341 - Swedish krona 9,534 - 3,773 201 Designated derivatives Foreign currency contracts Net investment hedges British pound sterling 65,527 - 9,158 2,683 Canadian dollar 37,678 - 5,410 823 Interest rate swaps Cash flow hedges Euro 40,052 - - - Total fair value of derivatives $ 386,708 $ 341 $ 91,047 $ 9,675
Summary of Undesignated Financial Instruments Exercised and Realized and Unrealized Gains 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 and Interest and Other Income, Net Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Exercised contracts 55 61 124 135 Realized gains (losses) on the matured, expired or settled contracts $ 94 $ (2 ) $ 124 $ (11 ) Unrealized gains on the change in fair value of outstanding contracts $ 48 $ 35 $ 151 $ 75
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 nine months ended September 30 2022 2021 EUR USD Total EUR USD Total Notional amounts at January 1 ($) 165 - 165 165 250 415 New contracts ($) 1,004 250 1,254 - - - Matured, expired or settled contracts ($) (722 ) (250 ) (972 ) - (250 ) (250 ) Notional amounts at September 30 ($) 447 - 447 165 - 165
Summary of Debt and Accrued Interest, Designated as Nonderivative Financial Instrument	The following table summarizes our debt and accrued interest, designated as a hedge of our net investment in international subsidiaries at the quarter ended (in millions): September 30, 2022 December 31, 2021 British pound sterling $ 1,195 $ 624
Summary of Recognized Unrealized Gains (Losses) in Foreign Currency and Derivative Gains 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 and Interest and Other Income, Net Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Unrealized gains on the unhedged portion $ 36 $ 30 $ 85 $ 73
Summary of Changes in Other Comprehensive Income (Loss)	The following table presents these changes in Other Comprehensive Income (Loss) Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Derivative net investment hedges $ 74,341 $ 25,549 $ 134,798 $ 11,090 Debt designated as nonderivative net investment hedges 105,726 15,118 247,195 (3,715 ) Cumulative translation adjustment 58,995 8,041 379,109 194,506 Total foreign currency translation gains, net $ 239,062 $ 48,708 $ 761,102 $ 201,881 Cash flow hedges (1) $ 16,818 $ 872 $ 45,764 $ 8,246 Our share of derivatives from unconsolidated co-investment ventures 8,084 2,876 21,466 5,133 Total unrealized gains on derivative contracts, net $ 24,902 $ 3,748 $ 67,230 $ 13,379 Total change in other comprehensive income $ 263,964 $ 52,456 $ 828,332 $ 215,260 (1) We estimate an additional expense of $1.1 million will be reclassified to Interest Expense over the next 12 months from September 30, 2022, due to the amortization of previously settled derivatives designated as cash flow hedges.
Carrying Amounts and Estimated Fair Values of Debt	The following table reflects the carrying amounts and estimated fair values of our debt (in thousands): September 30, 2022 December 31, 2021 Carrying Value Fair Value Carrying Value Fair Value Credit Facilities $ 520,446 $ 520,446 $ 491,393 $ 491,429 Senior notes 15,747,632 12,650,101 14,981,690 15,151,781 Term loans and unsecured other 1,377,246 1,378,948 1,825,195 1,835,569 Secured mortgage 493,975 470,808 416,776 437,215 Total $ 18,139,299 $ 15,020,303 $ 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 nine months ended September 30 (in millions, except for weighted average forward rates and number of active contracts): 2022 2021 CAD EUR GBP JPY Other Total CAD EUR GBP JPY Other Total Notional amounts at January 1 ($) 175 749 383 250 105 1,662 163 474 207 252 66 1,162 New contracts ($) 124 603 251 175 81 1,234 219 362 166 77 47 871 Matured, expired or settled contracts ($) (49 ) (753 ) (274 ) (78 ) (105 ) (1,259 ) (199 ) (120 ) (115 ) (58 ) (45 ) (537 ) Notional amounts at September 30 ($) 250 599 360 347 81 1,637 183 716 258 271 68 1,496 Weighted average forward rate at September 30 1.28 1.20 1.32 108.59 1.26 1.23 1.37 103.19 Active contracts at September 30 96 89 89 99 73 87 69 78
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 nine months ended September 30 2022 2021 BRL CAD GBP Total CAD GBP Total Notional amounts at January 1 ($) - 535 432 967 377 135 512 New contracts ($) 44 599 317 960 535 300 835 Matured, expired or settled contracts ($) (44 ) (535 ) (300 ) (879 ) (299 ) - (299 ) Notional amounts at September 30 ($) - 599 449 1,048 613 435 1,048 Weighted average forward rate at September 30 - 1.29 1.31 1.26 1.38 Active contracts at September 30 - 7 4 7 4

Business Segments (Tables)

Business Segments (Tables)	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Segment Reporting, Reconciliation of Revenues, Operating Income and Assets	The following reconciliations are presented in thousands: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Revenues: Real estate operations segment: U.S. $ 1,102,418 $ 992,583 $ 3,187,756 $ 2,939,364 Other Americas 23,774 24,791 69,136 74,179 Europe 13,437 11,912 37,145 44,140 Asia 16,511 12,315 43,147 33,728 Total real estate operations segment 1,156,140 1,041,601 3,337,184 3,091,411 Strategic capital segment: U.S. 53,973 60,319 155,474 130,172 Other Americas 13,344 10,679 57,809 40,817 Europe 503,764 45,325 599,076 136,589 Asia 23,671 25,125 72,557 83,218 Total strategic capital segment 594,752 141,448 884,916 390,796 Total revenues 1,750,892 1,183,049 4,222,100 3,482,207 Segment net operating income: Real estate operations segment: U.S. (1) 828,144 746,710 2,384,060 2,190,308 Other Americas 17,068 18,341 50,010 55,165 Europe 7,758 6,089 13,592 26,754 Asia 11,459 9,441 30,462 24,509 Total real estate operations segment 864,429 780,581 2,478,124 2,296,736 Strategic capital segment: U.S. (1) (16,055 ) 31,397 33,930 55,051 Other Americas 7,410 7,518 43,657 32,072 Europe 461,701 34,088 528,323 102,537 Asia 11,141 16,056 39,588 54,198 Total strategic capital segment 464,197 89,059 645,498 243,858 Total segment net operating income 1,328,626 869,640 3,123,622 2,540,594 Reconciling items: General and administrative expenses (87,903 ) (66,970 ) (245,663 ) (219,344 ) Depreciation and amortization expenses (401,450 ) (390,806 ) (1,200,410 ) (1,181,117 ) Gains on dispositions of development properties and land, net 74,678 139,406 390,686 500,410 Gains on other dispositions of investments in real estate, net 1,019 214,390 585,854 358,180 Operating income 914,970 765,660 2,654,089 1,998,723 Earnings from unconsolidated entities, net 84,925 91,818 241,481 231,286 Interest expense (63,884 ) (63,638 ) (188,241 ) (203,331 ) Foreign currency and derivative gains and interest and other income, net 171,832 63,326 364,623 142,859 Losses on early extinguishment of debt, net - - (18,895 ) (187,453 ) Earnings before income taxes $ 1,107,843 $ 857,166 $ 3,053,057 $ 1,982,084 September 30, 2022 December 31, 2021 Segment assets: Real estate operations segment: U.S. $ 45,767,065 $ 44,136,140 Other Americas 1,740,423 1,148,371 Europe 1,633,021 1,837,800 Asia 1,045,584 965,854 Total real estate operations segment 50,186,093 48,088,165 Strategic capital segment: (2) U.S. 11,029 11,984 Europe 25,280 25,280 Asia 215 299 Total strategic capital segment 36,524 37,563 Total segment assets 50,222,617 48,125,728 Reconciling items: Investments in and advances to unconsolidated entities 8,659,129 8,610,958 Assets held for sale or contribution 614,356 669,688 Cash and cash equivalents 636,282 556,117 Other assets 813,145 523,729 Total reconciling items 10,722,912 10,360,492 Total assets $ 60,945,529 $ 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 September 30, 2022 and December 31, 2021.

General - Additional Informatio

General - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2022 Segment
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	2.73%
General Partner | Prologis LP [Member]
General [Line Items]
Percentage of ownership in operating partnership	97.27%

Real Estate - Investments in Re

Real Estate - Investments in Real Estate Properties (Detail) ft² in Thousands, $ in Thousands		Sep. 30, 2022 USD ($) ft² a Building	Dec. 31, 2021 USD ($) ft² a Building
Real Estate Properties [Line Items]
Total investments in real estate properties		$ 55,954,870	$ 53,005,190
Less accumulated depreciation		8,558,576	7,668,187
Net investments in real estate properties		47,396,294	45,337,003
Improved Land [Member]
Real Estate Properties [Line Items]
Total investments in real estate properties		$ 12,825,512	$ 12,294,246
Building and Improvements [Member]
Real Estate Properties [Line Items]
Square Feet | ft²		461,668	444,413
Number of buildings | Building		2,365	2,310
Total investments in real estate properties		$ 33,800,162	$ 32,159,514
Development Portfolio, Including Cost of Land: Pre-stabilized [Member]
Real Estate Properties [Line Items]
Square Feet | ft²		7,464	6,325
Number of buildings | Building		21	16
Total investments in real estate properties		$ 903,862	$ 710,091
Properties Under Development [Member]
Real Estate Properties [Line Items]
Square Feet | ft²		36,756	28,638
Number of buildings | Building		101	83
Total investments in real estate properties		$ 2,537,938	$ 2,019,249
Land [Member]
Real Estate Properties [Line Items]
Square Feet | a		6,579	6,227
Total investments in real estate properties	[1]	$ 2,677,988	$ 2,519,590
Other Real Estate Investments [Member]
Real Estate Properties [Line Items]
Total investments in real estate properties	[2]	$ 3,209,408	$ 3,302,500
[1] At September 30, 2022 and December 31, 2021, our land was comprised of 6,579 and 6,227 acres, respectively. Included in other real estate investments were: (i) land parcels we own and lease to third parties; (ii) non-strategic real estate assets acquired that we do not intend to operate long-term; (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	Sep. 30, 2022	Dec. 31, 2021
Land [Member]
Real Estate Properties [Line Items]
Square Feet	6,579	6,227

Real Estate - Summary of Acquis

Real Estate - Summary of Acquisition (Detail) ft² in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2022 USD ($) ft² a Property	Sep. 30, 2021 USD ($) ft² a Property	Sep. 30, 2022 USD ($) ft² a Property	Sep. 30, 2021 USD ($) ft² a Property
Business Acquisition [Line Items]
Number of operating properties | Property		9	15	22	26
Square feet | ft²		1,952	3,910	3,746	6,023
Acquisition cost of net investments in real estate, excluding other real estate investments	[1]	$ 314,736	$ 707,209	$ 1,562,962	$ 1,572,074
Acquisition cost of other real estate investments		$ 33,627	$ 50,502	$ 636,841	$ 224,309
Acquisitions of Properties from Third Parties [Member] | Land [Member]
Business Acquisition [Line Items]
Acres of land | a		590	685	1,796	1,391
[1] Included in the three and nine months ended September 30, 2021, is our acquisition of additional ownership interest in certain unconsolidated other ventures that we acquired from our partners and subsequently resulted in the consolidation of the real estate assets.

Real Estate - Additional Inform

Real Estate - Additional Information (Detail) ft² in Millions, $ in Millions	Oct. 03, 2022 USD ($)	Oct. 03, 2022 USD ($) ft² Property	Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Real Estate Properties [Line Items]
Operating lease right-of-use assets			$ 531	$ 459.4
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]			Other assets	Other assets
Lease liabilities			$ 526.7	$ 448.4
Operating Lease, Liability, Statement of Financial Position [Extensible List]			Other liabilities	Other liabilities
Duke Transaction [Member] | Subsequent Event [Member]
Real Estate Properties [Line Items]
Business acquisition consideration transferred	$ 23,000	$ 23,000
Number of industrial properties | Property		480
Square feet | ft²		142

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		9 Months Ended
		Sep. 30, 2022 USD ($) ft² Property	Sep. 30, 2021 USD ($) ft² Property	Sep. 30, 2022 USD ($) ft² Property	Sep. 30, 2021 USD ($) ft² Property
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gains on dispositions of development properties and land, net	[1]	$ 74,678	$ 139,406	$ 390,686	$ 500,410
Gains on other dispositions of investments in real estate, net	[2]	$ 1,019	$ 214,390	$ 585,854	$ 358,180
Discontinuing Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of buildings | Property	[1]	7	12	18	31
Square feet | ft²	[1]	1,203	2,876	4,966	12,337
Net proceeds	[1]	$ 168,601	$ 368,131	$ 846,350	$ 1,814,331
Continuing Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of buildings | Property		0	31	102	74
Square feet | ft²		0	5,806	8,676	12,060
Net proceeds	[2]	$ 0	$ 738,396	$ 1,264,280	$ 1,334,168
[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. Included in the three and nine months ended September 30, 2021, is the sale of our ownership interest in an unconsolidated other venture.

Unconsolidated Entities - Summa

Unconsolidated Entities - Summary of Investments in and Advances to our Unconsolidated Entities (Detail) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Schedule Of Equity Method Investments [Line Items]
Investments in and advances to unconsolidated entities	$ 8,659,129	$ 8,610,958
Unconsolidated Co-Investment Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Investments in and advances to unconsolidated entities	7,864,132	7,825,455
Other Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Investments in and advances to unconsolidated entities	$ 794,997	$ 785,503

Unconsolidated Entities - Sum_2

Unconsolidated Entities - Summary of Strategic Capital Revenues Recognized in Consolidated Statements of Income Related to Co-Investment Ventures (Detail) - Unconsolidated Co-Investment Ventures [Member] - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Schedule Of Equity Method Investments [Line Items]
Recurring fees		$ 115,902	$ 100,167	$ 344,945	$ 288,049
Transactional fees		19,805	14,399	54,553	53,476
Promote revenue	[1]	456,038	1,570	475,552	13,821
Total strategic capital revenues from unconsolidated co-investment ventures	[2]	$ 591,745	$ 116,136	$ 875,050	$ 355,346
[1]Includes promote revenue earned from Prologis European Logistics Fund (“PELF”) in September 2022[2]These amounts exclude strategic capital revenues from other ventures.

Unconsolidated Entities - Sum_3

Unconsolidated Entities - Summary of Operating Information and Financial Position of Unconsolidated Co-investment Ventures (Detail) $ in Thousands, ft² in Millions		3 Months Ended			9 Months Ended
		Sep. 30, 2022 USD ($) ft² Property Venture		Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) ft² Property Venture		Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($) ft² Property Venture
Schedule Of Equity Method Investments [Line Items]
Total assets		$ 60,945,529			$ 60,945,529			$ 58,486,220
Total liabilities		21,339,208			21,339,208			$ 20,744,010
Total revenues		1,750,892		$ 1,183,049	4,222,100		$ 3,482,207
Consolidated net earnings		1,069,174		797,731	2,935,332		1,847,737
Our earnings from unconsolidated co-investment ventures, net		$ 84,925		91,818	$ 241,481		231,286
Weighted Average [Member] | Unconsolidated Co-Investment Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Our weighted average ownership	[1]	27.20%			27.20%			26.90%
Weighted Average [Member] | U.S. [Member] | Unconsolidated Co-Investment Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Our weighted average ownership	[1]	26.50%			26.50%			27%
Weighted Average [Member] | Other Americas [Member] | Unconsolidated Co-Investment Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Our weighted average ownership	[1],[2]	40.40%			40.40%			40.80%
Weighted Average [Member] | Europe [Member] | Unconsolidated Co-Investment Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Our weighted average ownership	[1]	30.50%	[3]		30.50%	[3]		30.90%
Weighted Average [Member] | Asia [Member] | Unconsolidated Co-Investment Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Our weighted average ownership	[1]	15.20%			15.20%			15.10%
Unconsolidated Co-Investment Ventures [Member]
Schedule Of Equity Method Investments [Line Items]
Ventures | Venture		8			8			8
Number of buildings | Property		2,195			2,195			2,007
Square feet | ft²		484			484			458
Total assets		$ 46,062,000			$ 46,062,000			$ 44,087,000
Third-party debt		12,863,000			12,863,000			12,015,000
Total liabilities		16,054,000			16,054,000			15,137,000
Our investment balance	[4]	7,864,000			7,864,000			$ 7,825,000
Total revenues		888,000		853,000	2,686,000		2,517,000
Consolidated net earnings		255,000		313,000	756,000		714,000
Our earnings from unconsolidated co-investment ventures, net		$ 78,000		84,000	$ 219,000		200,000
Unconsolidated Co-Investment Ventures [Member] | U.S. [Member]
Schedule Of Equity Method Investments [Line Items]
Ventures | Venture		1			1			1
Number of buildings | Property		738			738			732
Square feet | ft²		123			123			122
Total assets		$ 12,407,000			$ 12,407,000			$ 11,619,000
Third-party debt		3,468,000			3,468,000			3,069,000
Total liabilities		4,141,000			4,141,000			3,717,000
Our investment balance	[4]	2,385,000			2,385,000			$ 2,393,000
Total revenues		297,000		260,000	874,000		771,000
Consolidated net earnings		73,000		152,000	213,000		255,000
Our earnings from unconsolidated co-investment ventures, net		$ 20,000		40,000	$ 58,000		68,000
Unconsolidated Co-Investment Ventures [Member] | Other Americas [Member]
Schedule Of Equity Method Investments [Line Items]
Ventures | Venture	[2]	2			2			2
Number of buildings | Property	[2]	261			261			254
Square feet | ft²	[2]	58			58			56
Total assets	[2]	$ 3,521,000			$ 3,521,000			$ 3,349,000
Third-party debt	[2]	1,150,000			1,150,000			1,052,000
Total liabilities	[2]	1,237,000			1,237,000			1,116,000
Our investment balance	[2],[4]	859,000			859,000			$ 840,000
Total revenues	[2]	97,000		81,000	282,000		234,000
Consolidated net earnings	[2]	35,000		28,000	99,000		86,000
Our earnings from unconsolidated co-investment ventures, net	[2]	$ 12,000		9,000	$ 34,000		31,000
Unconsolidated Co-Investment Ventures [Member] | Europe [Member]
Schedule Of Equity Method Investments [Line Items]
Ventures | Venture		2	[3]		2	[3]		2
Number of buildings | Property		988	[3]		988	[3]		818
Square feet | ft²		219	[3]		219	[3]		198
Total assets		$ 21,154,000	[3]		$ 21,154,000	[3]		$ 18,373,000
Third-party debt		4,740,000	[3]		4,740,000	[3]		3,737,000
Total liabilities		6,766,000	[3]		6,766,000	[3]		5,619,000
Our investment balance	[4]	3,929,000	[3]		3,929,000	[3]		$ 3,712,000
Total revenues		342,000	[3]	348,000	1,052,000	[3]	1,029,000
Consolidated net earnings		113,000	[3]	84,000	344,000	[3]	253,000
Our earnings from unconsolidated co-investment ventures, net		$ 41,000	[3]	27,000	$ 111,000	[3]	81,000
Unconsolidated Co-Investment Ventures [Member] | Asia [Member]
Schedule Of Equity Method Investments [Line Items]
Ventures | Venture		3			3			3
Number of buildings | Property		208			208			203
Square feet | ft²		84			84			82
Total assets		$ 8,980,000			$ 8,980,000			$ 10,746,000
Third-party debt		3,505,000			3,505,000			4,157,000
Total liabilities		3,910,000			3,910,000			4,685,000
Our investment balance	[4]	691,000			691,000			$ 880,000
Total revenues		152,000		164,000	478,000		483,000
Consolidated net earnings		34,000		49,000	100,000		120,000
Our earnings from unconsolidated co-investment ventures, net		$ 5,000		$ 8,000	$ 16,000		$ 20,000
[1]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.[2]Prologis Brazil Logistics Venture (“PBLV”) and our other Brazilian joint ventures are combined as one venture for the purpose of this table.[3] In September 2022, PELF acquired a real estate portfolio that primarily included 125 industrial operating properties. 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 September 30, 2022 and December 31, 2021, results principally from four types of transactions: (i) deferred gains from the contribution of property to a venture prior to January 1, 2018; (ii) recording additional costs associated with our investment in the venture; (iii) receivables, principally for fees and promotes ($642.6 million and $149.5 million, respectively); and (iv) customer security deposits retained subsequent to property contributions to Nippon Prologis REIT, Inc.

Unconsolidated Entities - Sum_4

Unconsolidated Entities - Summary of Operating Information and Financial Position of Unconsolidated Co-investment Ventures (Parenthetical) (Detail) $ in Millions	Sep. 30, 2022 USD ($) Property	Dec. 31, 2021 USD ($)
Schedule Of Equity Method Investments [Line Items]
Receivables from unconsolidated co-investment ventures | $	$ 642.6	$ 149.5
Prologis European Logistics Fund (PELF) [Member}
Schedule Of Equity Method Investments [Line Items]
Number of operating properties acquired | Property	125

Unconsolidated Entities - Addit

Unconsolidated Entities - Additional Information (Detail) - Prologis, Inc. [Member] $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($)
Schedule Of Equity Method Investments [Line Items]
Remaining equity commitments	$ 295
Expiration date for remaining commitments range start	2023
Expiration date for remaining commitments range end	2028

Assets Held for Sale or Contr_3

Assets Held for Sale or Contribution - Summary of Assets Held for Sale or Contribution (Detail) ft² in Thousands, $ in Thousands	Sep. 30, 2022 USD ($) ft² Property	Dec. 31, 2021 USD ($) ft² Property
Long Lived Assets Held For Sale [Line Items]
Total assets held for sale or contribution	$ 614,356	$ 669,688
Total liabilities associated with assets held for sale or contribution – included in Other Liabilities	$ 7,178	$ 10,631
Disposal Group Held for Sale Not Discontinued Operations [Member]
Long Lived Assets Held For Sale [Line Items]
Number of operating properties | Property	20	14
Square feet | ft²	3,958	5,486

Debt - Debt Summary (Detail)

Debt - Debt Summary (Detail) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Weighted Average Interest Rate	1.80%	1.60%
Weighted Average Term	10 years	10 years 4 months 24 days
Debt	$ 18,139,299	$ 17,715,054
Credit Facilities [Member]
Debt Instrument [Line Items]
Weighted Average Interest Rate	1.40%	0.80%
Weighted Average Term	2 years 2 months 12 days	1 year 7 months 6 days
Debt	$ 520,446	$ 491,393
Senior Notes [Member]
Debt Instrument [Line Items]
Weighted Average Interest Rate	1.80%	1.70%
Weighted Average Term	10 years 9 months 18 days	11 years 7 months 6 days
Debt	$ 15,747,632	$ 14,981,690
Term Loans and Unsecured Other [Member]
Debt Instrument [Line Items]
Weighted Average Interest Rate	1.40%	0.50%
Weighted Average Term	5 years 6 months	4 years 2 months 12 days
Debt	$ 1,377,246	$ 1,825,195
Secured Mortgage [Member]
Debt Instrument [Line Items]
Weighted Average Interest Rate	2.40%	5.10%
Weighted Average Term	3 years 4 months 24 days	4 years 8 months 12 days
Debt	$ 493,975	$ 416,776

Debt - Debt Summary (Parentheti

Debt - Debt Summary (Parenthetical) (Detail) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Weighted Average Interest Rate	1.80%	1.60%
Debt	$ 18,139,299	$ 17,715,054
Percentage of outstanding debt	100%	100%
GBP
Debt Instrument [Line Items]
Weighted Average Interest Rate	2.20%	2.10%
Debt	$ 1,143,856	$ 1,376,807
Percentage of outstanding debt	6.30%	7.80%
CAD
Debt Instrument [Line Items]
Weighted Average Interest Rate	3.90%	2.70%
Debt	$ 441,252	$ 283,773
Percentage of outstanding debt	2.40%	1.60%
EUR
Debt Instrument [Line Items]
Weighted Average Interest Rate	1.20%	1%
Debt	$ 7,618,592	$ 7,408,407
Percentage of outstanding debt	42%	41.80%
JPY
Debt Instrument [Line Items]
Weighted Average Interest Rate	0.90%	0.90%
Debt	$ 2,857,718	$ 2,878,542
Percentage of outstanding debt	15.80%	16.20%
USD
Debt Instrument [Line Items]
Weighted Average Interest Rate	2.70%	2.60%
Debt	$ 6,077,881	$ 5,767,525
Percentage of outstanding debt	33.50%	32.60%

Debt - Additional Information (

Debt - Additional Information (Detail) $ in Millions, $ in Millions, ¥ in Billions	1 Months Ended					9 Months Ended
	Jul. 31, 2022 USD ($)	Jul. 31, 2022 CAD ($)	Oct. 31, 2018	Aug. 31, 2018	Jul. 31, 2018	Sep. 30, 2022 USD ($)	Oct. 06, 2022 USD ($)	Sep. 30, 2022 JPY (¥)	Sep. 30, 2022 CAD ($)
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity						$ 5,248
Prologis Euro Finance L L C [Member]
Debt Instrument [Line Items]
Percentage of ownership in operating partnership					100%
Prologis Yen Finance LLC [Member]
Debt Instrument [Line Items]
Percentage of ownership in operating partnership				100%
Prologis Sterling Finance LLC [Member]
Debt Instrument [Line Items]
Percentage of ownership in operating partnership			100%
Duke’s Senior Notes [Member] | Scenario Forecast [Member]
Debt Instrument [Line Items]
Aggregate amount							$ 3,400
Aggregate amount, validly tendered for exchange							$ 3,200
Aggregate amount, percentage of validly tendered for exchange							96%
Term Loan [Member]
Debt Instrument [Line Items]
Repayment of term loan	$ 133.5	$ 170.5
2022 Canadian Term Loan [Member]
Debt Instrument [Line Items]
Debt Instrument maturity date	2025-08	2025-08
Aggregate amount						218.2			$ 300
Global Credit Facility 2022 [Member]
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity						$ 3,000
Debt Instrument maturity date						2026-06
Ability to increase borrowing capacity subject to currency fluctuations and obtaining additional lender commitments						$ 4,000
Global Credit Facility 2021 [Member]
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity						$ 2,000
Debt Instrument maturity date						2024-04
Ability to increase borrowing capacity subject to currency fluctuations and obtaining additional lender commitments						$ 2,500
Yen Credit Facility [Member]
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity						$ 518.5		¥ 75
Debt Instrument maturity date						2024-07
Credit facility maximum borrowing capacity						$ 380.2		¥ 55

Debt - Schedule of Current Avai

Debt - Schedule of Current Availability on Debt and Cash (Detail) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
Credit Facilities	$ 5,248,000
Borrowings outstanding	520,000
Outstanding letters of credit	25,000
Current availability	4,703,000
Cash and cash equivalents	636,282	$ 556,117
Total liquidity	$ 5,339,000

Debt - Summary of Issuances of

Debt - Summary of Issuances of Senior Notes (Detail) - Issuance of Senior Notes € in Thousands, ¥ in Thousands, $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 30, 2022 JPY (¥)	Sep. 30, 2022 EUR (€)
Debt Instrument [Line Items]
Term	9 years 9 months 18 days
Aggregate Principal	$ 2,725,760
Interest Rate	2%	2%	2%
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%	2.10%
February 2024 Senior Notes [Member] | EUR
Debt Instrument [Line Items]
Debt Instrument maturity month	2024-02
February 2024 Senior Notes [Member] | EUR | Weighted Average [Member]
Debt Instrument [Line Items]
Term	8 years 6 months
Aggregate Principal	$ 1,768,240		€ 1,550,000
Interest Rate	1%	1%	1%
February 2034 Senior Notes [Member] | EUR
Debt Instrument [Line Items]
Debt Instrument maturity month	2034-02
July 2027 Senior Notes [Member] | JPY
Debt Instrument [Line Items]
Debt Instrument maturity month	2027-07
Aggregate Principal	$ 226,588	¥ 30,964,500
Interest Rate	1.40%	1.40%	1.40%
July 2027 Senior Notes [Member] | JPY | Weighted Average [Member]
Debt Instrument [Line Items]
Term	15 years 6 months
July 2042 Senior Notes [Member] | JPY
Debt Instrument [Line Items]
Debt Instrument maturity month	2042-07
January 2033 Senior Notes [Member] | USD
Debt Instrument [Line Items]
Debt Instrument maturity month	2033-01
Aggregate Principal	$ 650,000
Interest Rate	4.60%	4.60%	4.60%
January 2033 Senior Notes [Member] | USD | Weighted Average [Member]
Debt Instrument [Line Items]
Term	10 years 3 months 18 days

Debt - Long-Term Debt Maturitie

Debt - Long-Term Debt Maturities (Detail) - USD ($) $ in Thousands		Sep. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
2022	[1]	$ 294,157
2023	[1]	177,547
2024	[2]	763,121
2025	[3]	388,086
2026	[4]	1,621,701
Thereafter		14,971,938
Subtotal		18,216,550
Unamortized premiums (discounts), net		3,475
Unamortized debt issuance costs, net		(80,726)
Total		18,139,299	$ 17,715,054
Credit Facilities [Member]
Debt Instrument [Line Items]
2022	[1]	0
2023	[1]	0
2024	[2]	377,162
2025	[3]	0
2026	[4]	143,284
Thereafter		0
Subtotal		520,446
Unamortized premiums (discounts), net		0
Unamortized debt issuance costs, net		0
Total		520,446	491,393
Senior Notes [Member]
Debt Instrument [Line Items]
2022	[1]	292,440
2023	[1]	0
2024	[2]	292,440
2025	[3]	34,565
2026	[4]	887,279
Thereafter		14,322,660
Subtotal		15,829,384
Unamortized premiums (discounts), net		(6,306)
Unamortized debt issuance costs, net		(75,446)
Total		15,747,632	14,981,690
Term Loans and Unsecured Other [Member]
Debt Instrument [Line Items]
2022	[1]	3
2023	[1]	0
2024	[2]	0
2025	[3]	219,421
2026	[4]	587,672
Thereafter		574,649
Subtotal		1,381,745
Unamortized premiums (discounts), net		0
Unamortized debt issuance costs, net		(4,499)
Total		1,377,246	1,825,195
Secured Mortgage [Member]
Debt Instrument [Line Items]
2022	[1]	1,714
2023	[1]	177,547
2024	[2]	93,519
2025	[3]	134,100
2026	[4]	3,466
Thereafter		74,629
Subtotal		484,975
Unamortized premiums (discounts), net		9,781
Unamortized debt issuance costs, net		(781)
Total		$ 493,975	$ 416,776
[1] We expect to repay the amounts maturing in the next twelve months with cash generated from operations, proceeds from dispositions of real estate properties, or as necessary, with additional borrowings. Included in the 2024 maturities is the 2021 Global Facility and Yen Credit Facility that can be extended until 2025. Included in the 2025 maturities is the 2022 Canadian Term Loan that can be extended until 2027.

Debt - Long-Term Debt Maturit_2

Debt - Long-Term Debt Maturities (Parenthetical) (Detail)	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Debt instruments expected maturing period	next twelve months

Noncontrolling Interests - Addi

Noncontrolling Interests - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2022
Prologis, L.P. [Member]
Minority Interest [Line Items]
Description of conversion rate	one share of common stock to one limited partnership unit

Noncontrolling Interests - Nonc

Noncontrolling Interests - Noncontrolling Interest Summary (Detail) - USD ($) $ in Thousands		9 Months Ended	12 Months Ended
		Sep. 30, 2022	Dec. 31, 2021
Minority Interest [Line Items]
Total Assets		$ 60,945,529	$ 58,486,220
Operating Partnership noncontrolling interest		3,323,541	3,397,538
Operating Partnership noncontrolling interest		4,313,221	4,315,337
Total Liabilities		21,339,208	20,744,010
Noncontrolling Interests [Member]
Minority Interest [Line Items]
Total Assets		8,879,861	8,850,431
Total Liabilities		$ 393,757	$ 310,143
Prologis U S Logistics Venture [Member]
Minority Interest [Line Items]
Parent Company's Ownership Percentage		55%	55%
Total Assets		$ 7,253,012	$ 7,397,195
Operating Partnership noncontrolling interest		3,194,303	3,264,337
Total Liabilities		$ 161,778	$ 147,545
Other Consolidated Entities [Member]
Minority Interest [Line Items]
Parent Company's Ownership	[1]	various	various
Total Assets	[1]	$ 1,626,849	$ 1,453,236
Operating Partnership noncontrolling interest	[1]	129,238	133,201
Total Liabilities	[1]	231,979	162,598
Prologis, L.P. [Member]
Minority Interest [Line Items]
Total Assets		60,945,529	58,486,220
Operating Partnership noncontrolling interest		3,323,541	3,397,538
Total Liabilities		21,339,208	20,744,010
Prologis, L.P. [Member] | Noncontrolling Interests [Member]
Minority Interest [Line Items]
Limited partners in Prologis, L.P.	[2],[3]	989,680	917,799
Total Assets	[2],[3]	0	0
Total Liabilities	[2],[3]	0	0
Prologis, Inc. [Member]
Minority Interest [Line Items]
Total Assets		8,879,861	8,850,431
Total Liabilities		393,757	310,143
Prologis, Inc. [Member] | Noncontrolling Interests [Member]
Minority Interest [Line Items]
Operating Partnership noncontrolling interest		$ 4,313,221	$ 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 September 30, 2022 and December 31, 2021 were exchangeable into cash or, at our option, 0.3 million shares of the Parent’s common stock. There were limited partnership units in the OP, excluding the Class A Units, that were exchangeable into cash or, at our option, 8.2 million and 8.4 million shares of the Parent’s common stock, at September 30, 2022 and December 31, 2021, respectively. Also included are the vested OP Long-Term Incentive Plan Units (“LTIP Units”) associated with our long-term compensation plans of 4.5 million and 4.0 million shares of the Parent’s common stock at September 30, 2022 and December 31, 2021, respectively. See further discussion of LTIP Units in Note 7. We had 8.6 million Class A Units that were convertible into 8.1 million and 8.0 million limited partnership units of the OP at September 30, 2022 and December 31, 2021, respectively.

Noncontrolling Interests - No_2

Noncontrolling Interests - Noncontrolling Interest Summary (Parenthetical) (Detail) - shares shares in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 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	8.1	8
Units outstanding	8.6	8.6
Common Unit [Member]
Minority Interest [Line Items]
Outstanding limited partnership units, exchanged	8.2	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	9 Months Ended
	Jan. 31, 2022	Sep. 30, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Performance Period		3 years
Outperformance hurdle, above MSCI U.S. REIT Index		1%
Performance pool as percentage of excess value, if outperformance hurdle is met		3%
Forfeited awards after seven years		7 years
2022 - 2024 Performance Period [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Performance Period	3 years
Cash incentive award maximum	$ 100,000,000
Holding period	3 years
Aggregate fair value	$ 30,400,000
Assumed risk free interest rate	1%
2022 - 2024 Performance Period [Member] | Tranche 1 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting rights, percentage		20%
2022 - 2024 Performance Period [Member] | Tranche 2 (After Seven Year Cliff) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period		7 years
Vesting rights, percentage		80%
2022 - 2024 Performance Period [Member] | Prologis, Inc. [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected volatility rate	31%
2022 - 2024 Performance Period [Member] | Msci Us Reit Index
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected volatility rate	29%
2019 - 2021 Performance Period [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Cash incentive award maximum	$ 100,000,000
Prior To 2018 Performance Periods [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Cash incentive award maximum	$ 35,700,000
Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period		3 years
Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period		10 years

Long-Term Compensation - RSU Aw

Long-Term Compensation - RSU Awards (Detail) - Restricted Stock Units (RSUs) [Member] shares in Thousands	9 Months Ended
	Sep. 30, 2022 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Unvested Awards, Beginning Balance | shares	1,237
Granted | shares	538
Vested and distributed | shares	(433)
Forfeited | shares	(38)
Number of Unvested Awards, Ending Balance | shares	1,304
Weighted Average Grant Date Fair Value | $ / shares	$ 87.87
Weighted Average Grant Date Fair Value, Granted | $ / shares	121.73
Weighted Average Grant Date Fair Value, Vested and distributed | $ / shares	92.58
Weighted Average Grant Date Fair Value, Forfeited | $ / shares	120.32
Weighted Average Grant Date Fair Value | $ / shares	$ 99.33

Long-Term Compensation - LTIP U

Long-Term Compensation - LTIP Units Awards (Detail) - Long Term Incentive Plan Units [Member] shares in Thousands	9 Months Ended
	Sep. 30, 2022 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Unvested Awards, Beginning Balance | shares	3,317
Granted | shares	988
Vested LTIP Units | shares	(838)
Number of Unvested Awards, Ending Balance | shares	3,467
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	88.75
Weighted Average Grant Date Fair Value | $ / shares	$ 64.85

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		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Summary Of Computation Of Basic And Diluted Earnings Per Share [Line Items]
Net earnings attributable to common stockholders/unit holders - Basic		$ 1,013,933	$ 722,007	$ 2,773,042	$ 1,686,447
Net earnings attributable to exchangeable limited partnership units	[1]	28,792	19,890	78,648	47,131
Adjusted net earnings attributable to common stockholders – Diluted		$ 1,042,725	$ 741,897	$ 2,851,690	$ 1,733,578
Weighted average common shares/units outstanding - Basic		740,719	739,439	740,585	739,217
Incremental weighted average effect on exchange of limited partnership units		21,230	20,421	21,246	20,860
Incremental weighted average effect of equity awards		4,423	5,085	4,188	4,567
Weighted average common shares/partnership units outstanding - Diluted	[2]	766,372	764,945	766,019	764,644
Net earnings per share/unit attributable to common stockholders/unitholders -
Basic		$ 1.37	$ 0.98	$ 3.74	$ 2.28
Diluted		$ 1.36	$ 0.97	$ 3.72	$ 2.27
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		$ 1,042,664	$ 741,794	$ 2,851,475	$ 1,733,355
Net earnings attributable to exchangeable limited partnership units		61	103	215	223
Adjusted net earnings attributable to common stockholders – Diluted		$ 1,042,725	$ 741,897	$ 2,851,690	$ 1,733,578
Weighted average common shares/units outstanding - Basic		753,616	751,558	753,515	751,773
Incremental weighted average effect on exchange of Class A convertible units		8,034	8,003	8,017	8,005
Incremental weighted average effect on exchange of limited partnership units		299	299	299	299
Incremental weighted average effect of equity awards		4,423	5,085	4,188	4,567
Weighted average common shares/partnership units outstanding - Diluted		766,372	764,945	766,019	764,644
Net earnings per share/unit attributable to common stockholders/unitholders -
Basic		$ 1.37	$ 0.98	$ 3.74	$ 2.28
Diluted		$ 1.36	$ 0.97	$ 3.72	$ 2.27
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		$ (10,995)	$ (7,816)	$ (30,018)	$ (18,263)
Adjusted net earnings attributable to common stockholders – Diluted		10,995	7,816	30,018	18,263
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		$ 1,031,669	$ 733,978	$ 2,821,457	$ 1,715,092
[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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Summary Of Computation Of Basic And Diluted Earnings Per Share [Line Items]
Total weighted average potential dilutive shares and units outstanding	27,787	27,386	27,555	27,723
Prologis, L.P. [Member]
Summary Of Computation Of Basic And Diluted Earnings Per Share [Line Items]
Total weighted average potentially dilutive Class A Units	8,034	8,003	8,017	8,005
Total weighted average potentially dilutive other limited partnership units	299	299	299	299
Total weighted average potentially dilutive equity awards	6,557	6,965	6,309	6,863
Total weighted average potential dilutive shares and units outstanding	14,890	15,267	14,625	15,167
Total weighted average potential dilutive common limited partnership units	12,897	12,119	12,930	12,556

Financial Instruments and Fai_3

Financial Instruments and Fair Value Measurements - Schedule of Fair Value of Derivative Financial Instruments (Detail) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Derivatives Fair Value [Line Items]
Asset	$ 386,708	$ 91,047
Liability	341	9,675
Undesignated Derivatives [Member] | Forwards [Member] | BRL
Derivatives Fair Value [Line Items]
Asset	30	664
Liability	341	0
Undesignated Derivatives [Member] | Forwards [Member] | GBP
Derivatives Fair Value [Line Items]
Asset	59,394	5,361
Liability	0	3,492
Undesignated Derivatives [Member] | Forwards [Member] | CAD
Derivatives Fair Value [Line Items]
Asset	16,113	2,856
Liability	0	1,790
Undesignated Derivatives [Member] | Forwards [Member] | CNY
Derivatives Fair Value [Line Items]
Asset	1,190	0
Liability	0	550
Undesignated Derivatives [Member] | Forwards [Member] | EUR
Derivatives Fair Value [Line Items]
Asset	97,207	40,484
Liability	0	136
Undesignated Derivatives [Member] | Forwards [Member] | JPY
Derivatives Fair Value [Line Items]
Asset	59,983	23,341
Liability	0	0
Undesignated Derivatives [Member] | Forwards [Member] | SEK
Derivatives Fair Value [Line Items]
Asset	9,534	3,773
Liability	0	201
Designated As Hedging Instrument [Member] | Net Investment Hedges [Member] | GBP
Derivatives Fair Value [Line Items]
Asset	65,527	9,158
Liability	0	2,683
Designated As Hedging Instrument [Member] | Net Investment Hedges [Member] | CAD
Derivatives Fair Value [Line Items]
Asset	37,678	5,410
Liability	0	823
Designated As Hedging Instrument [Member] | Cash Flow Hedges [Member] | Interest Rate Swaps [Member] | EUR
Derivatives Fair Value [Line Items]
Asset	40,052	0
Liability	$ 0	$ 0

Financial Instruments and Fai_4

Financial Instruments and Fair Value Measurements - Summary of Undesignated Foreign Currency Forwards Activity (Detail) - Forwards [Member] - Undesignated Derivatives [Member]	9 Months Ended
	Sep. 30, 2022 USD ($) Derivative	Sep. 30, 2021 USD ($) Derivative
Derivative [Line Items]
Notional amounts at January 1	$ 1,662,000,000	$ 1,162,000,000
New contracts	1,234,000,000	871,000,000
Matured, expired or settled contracts	(1,259,000,000)	(537,000,000)
Notional amounts at September 30	1,637,000,000	1,496,000,000
CAD
Derivative [Line Items]
Notional amounts at January 1	175,000,000	163,000,000
New contracts	124,000,000	219,000,000
Matured, expired or settled contracts	(49,000,000)	(199,000,000)
Notional amounts at September 30	$ 250,000,000	$ 183,000,000
Weighted average forward rate at September 30	1.28	1.26
Active contracts at September 30 | Derivative	96	73
EUR
Derivative [Line Items]
Notional amounts at January 1	$ 749,000,000	$ 474,000,000
New contracts	603,000,000	362,000,000
Matured, expired or settled contracts	(753,000,000)	(120,000,000)
Notional amounts at September 30	$ 599,000,000	$ 716,000,000
Weighted average forward rate at September 30	1.20	1.23
Active contracts at September 30 | Derivative	89	87
GBP
Derivative [Line Items]
Notional amounts at January 1	$ 383,000,000	$ 207,000,000
New contracts	251,000,000	166,000,000
Matured, expired or settled contracts	(274,000,000)	(115,000,000)
Notional amounts at September 30	$ 360,000,000	$ 258,000,000
Weighted average forward rate at September 30	1.32	1.37
Active contracts at September 30 | Derivative	89	69
JPY
Derivative [Line Items]
Notional amounts at January 1	$ 250,000,000	$ 252,000,000
New contracts	175,000,000	77,000,000
Matured, expired or settled contracts	(78,000,000)	(58,000,000)
Notional amounts at September 30	$ 347,000,000	$ 271,000,000
Weighted average forward rate at September 30	108.59	103.19
Active contracts at September 30 | Derivative	99	78
Other
Derivative [Line Items]
Notional amounts at January 1	$ 105,000,000	$ 66,000,000
New contracts	81,000,000	47,000,000
Matured, expired or settled contracts	(105,000,000)	(45,000,000)
Notional amounts at September 30	$ 81,000,000	$ 68,000,000

Financial Instruments and Fai_5

Financial Instruments and Fair Value Measurements - Summary of Undesignated Financial Instruments Exercised and Realized and Unrealized Gains in Foreign Currency and Derivative Gains, Net (Detail) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($) Contract	Sep. 30, 2021 USD ($) Contract	Sep. 30, 2022 USD ($) Contract	Sep. 30, 2021 USD ($) Contract
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Exercised contracts | Contract	55	61	124	135
Realized gains (losses) on the matured, expired or settled contracts	$ 94	$ (2)	$ 124	$ (11)
Unrealized gains on the change in fair value of outstanding contracts	$ 48	$ 35	$ 151	$ 75

Financial Instruments and Fai_6

Financial Instruments and Fair Value Measurements - Foreign Currency Contracts Activity (Detail) - Forwards [Member] - Net Investment Hedges [Member] - Designated As Hedging Instrument [Member]	9 Months Ended
	Sep. 30, 2022 USD ($) Derivative	Sep. 30, 2021 USD ($) Derivative
Derivative [Line Items]
Notional amounts at January 1	$ 967,000,000	$ 512,000,000
New contracts	960,000,000	835,000,000
Matured, expired or settled contracts	(879,000,000)	(299,000,000)
Notional amounts at September 30	1,048,000,000	1,048,000,000
BRL
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 September 30	$ 0
Active contracts at September 30 | Derivative	0
CAD
Derivative [Line Items]
Notional amounts at January 1	$ 535,000,000	377,000,000
New contracts	599,000,000	535,000,000
Matured, expired or settled contracts	(535,000,000)	(299,000,000)
Notional amounts at September 30	$ 599,000,000	$ 613,000,000
Weighted average forward rate at September 30	1.29	1.26
Active contracts at September 30 | Derivative	7	7
GBP
Derivative [Line Items]
Notional amounts at January 1	$ 432,000,000	$ 135,000,000
New contracts	317,000,000	300,000,000
Matured, expired or settled contracts	(300,000,000)	0
Notional amounts at September 30	$ 449,000,000	$ 435,000,000
Weighted average forward rate at September 30	1.31	1.38
Active contracts at September 30 | Derivative	4	4

Financial Instruments and Fai_7

Financial Instruments and Fair Value Measurements - Summary of Activity in Interest Rate Swaps (Detail) - Interest Rate Swaps [Member] - Cash Flow Hedges [Member] - Designated As Hedging Instrument [Member] - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Derivative [Line Items]
Notional amounts at January 1	$ 165,000,000	$ 415,000,000
New contracts	1,254,000,000	0
Matured, expired or settled contracts	(972,000,000)	(250,000,000)
Notional amounts at September 30	447,000,000	165,000,000
EUR
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 September 30	447,000,000	165,000,000
USD
Derivative [Line Items]
Notional amounts at January 1	0	250,000,000
New contracts	250,000,000	0
Matured, expired or settled contracts	(250,000,000)	(250,000,000)
Notional amounts at September 30	$ 0	$ 0

Financial Instruments and Fai_8

Financial Instruments and Fair Value Measurements - Summary of Debt and Accrued Interest, Designated as Hedge (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Designated As Hedging Instrument [Member] | British Pound Sterling Senior Notes [Member]
Derivatives Fair Value [Line Items]
Senior Notes Outstanding	$ 1,195	$ 624

Financial Instruments and Fai_9

Financial Instruments and Fair Value Measurements - Summary of Recognized Unrealized Gains (Losses) in Foreign Currency and Derivative Gains Net on Remeasurement of Unhedged Portion of Debt and Accrued Interest (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Derivatives Fair Value [Line Items]
Foreign currency translation gains, net	$ 239,062	$ 48,708	$ 761,102	$ 201,881
Forward Contracts [Member]
Derivatives Fair Value [Line Items]
Foreign currency translation gains, net	$ 36,000	$ 30,000	$ 85,000	$ 73,000

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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cumulative translation adjustment	$ 58,995	$ 8,041	$ 379,109	$ 194,506
Total foreign currency translation gains, net	239,062	48,708	761,102	201,881
Total unrealized gains on derivative contracts, net	24,902	3,748	67,230	13,379
Total change in other comprehensive income	263,964	52,456	828,332	215,260
Designated As Hedging Instrument [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total derivative hedging instruments	74,341	25,549	134,798	11,090
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	105,726	15,118	247,195	(3,715)
Designated As Hedging Instrument [Member] | Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total derivative hedging instruments	16,818	872	45,764	8,246
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	$ 8,084	$ 2,876	$ 21,466	$ 5,133

Financial Instruments and Fa_11

Financial Instruments and Fair Value Measurements - Summary of Changes in Other Comprehensive Income (Loss) (Parenthetical) (Detail) $ in Millions	Sep. 30, 2022 USD ($)
Accumulated Gain (Loss) Net Cash Flow Hedge Parent [Member]
Derivative Instruments Gain Loss [Line Items]
Amount to be reclassified to interest expense, next 12 months	$ 1.1

Financial Instruments and Fa_12

Financial Instruments and Fair Value Measurements - Carrying Amounts and Estimated Fair Values of Debt (Detail) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value of Debt	$ 18,139,299	$ 17,715,054
Fair Value of Debt	15,020,303	17,915,994
Credit Facilities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value of Debt	520,446	491,393
Fair Value of Debt	520,446	491,429
Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value of Debt	15,747,632	14,981,690
Fair Value of Debt	12,650,101	15,151,781
Term Loans and Unsecured Other [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value of Debt	1,377,246	1,825,195
Fair Value of Debt	1,378,948	1,835,569
Secured Mortgage [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Value of Debt	493,975	416,776
Fair Value of Debt	$ 470,808	$ 437,215

Business Segments - Additional

Business Segments - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2022 Segment
Segment Reporting [Abstract]
Number of operating segments	2

Business Segments - Segment Rep

Business Segments - Segment Reporting, Reconciliation of Revenues, Operating Income and Assets (Detail) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Segment Reporting Information [Line Items]
Total revenues		$ 1,750,892	$ 1,183,049	$ 4,222,100	$ 3,482,207
Operating income		914,970	765,660	2,654,089	1,998,723
General and administrative expenses		87,903	66,970	245,663	219,344
Depreciation and amortization expenses		401,450	390,806	1,200,410	1,181,117
Gains on dispositions of development properties and land, net		74,678	139,406	390,686	500,410
Gains on other dispositions of investments in real estate, net	[1]	1,019	214,390	585,854	358,180
Earnings from unconsolidated entities, net		84,925	91,818	241,481	231,286
Interest expense		(63,884)	(63,638)	(188,241)	(203,331)
Losses on early extinguishment of debt, net		0	0	(18,895)	(187,453)
Earnings before income taxes		1,107,843	857,166	3,053,057	1,982,084
Total assets		60,945,529		60,945,529		$ 58,486,220
Investments in and advances to unconsolidated entities		8,659,129		8,659,129		8,610,958
Assets held for sale or contribution		614,356		614,356		669,688
Cash and cash equivalents		636,282		636,282		556,117
Other assets		3,639,468		3,639,468		3,312,454
Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Total assets		50,186,093		50,186,093		48,088,165
Operating Segments [Member]
Segment Reporting Information [Line Items]
Operating income		1,328,626	869,640	3,123,622	2,540,594
Total assets		50,222,617		50,222,617		48,125,728
Operating Segments [Member] | Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Total revenues		1,156,140	1,041,601	3,337,184	3,091,411
Operating income		864,429	780,581	2,478,124	2,296,736
Operating Segments [Member] | Strategic Capital [Member]
Segment Reporting Information [Line Items]
Total revenues		594,752	141,448	884,916	390,796
Operating income		464,197	89,059	645,498	243,858
Total assets		36,524		36,524		37,563
Operating Segments [Member] | U.S. [Member] | Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Total revenues		1,102,418	992,583	3,187,756	2,939,364
Operating income		828,144	746,710	2,384,060	2,190,308
Total assets		45,767,065		45,767,065		44,136,140
Operating Segments [Member] | U.S. [Member] | Strategic Capital [Member]
Segment Reporting Information [Line Items]
Total revenues		53,973	60,319	155,474	130,172
Operating income		(16,055)	31,397	33,930	55,051
Total assets		11,029		11,029		11,984
Operating Segments [Member] | Other Americas [Member] | Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Total revenues		23,774	24,791	69,136	74,179
Operating income		17,068	18,341	50,010	55,165
Total assets		1,740,423		1,740,423		1,148,371
Operating Segments [Member] | Other Americas [Member] | Strategic Capital [Member]
Segment Reporting Information [Line Items]
Total revenues		13,344	10,679	57,809	40,817
Operating income		7,410	7,518	43,657	32,072
Operating Segments [Member] | Europe [Member] | Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Total revenues		13,437	11,912	37,145	44,140
Operating income		7,758	6,089	13,592	26,754
Total assets		1,633,021		1,633,021		1,837,800
Operating Segments [Member] | Europe [Member] | Strategic Capital [Member]
Segment Reporting Information [Line Items]
Total revenues		503,764	45,325	599,076	136,589
Operating income		461,701	34,088	528,323	102,537
Total assets		25,280		25,280		25,280
Operating Segments [Member] | Asia [Member] | Real Estate Operations [Member]
Segment Reporting Information [Line Items]
Total revenues		16,511	12,315	43,147	33,728
Operating income		11,459	9,441	30,462	24,509
Total assets		1,045,584		1,045,584		965,854
Operating Segments [Member] | Asia [Member] | Strategic Capital [Member]
Segment Reporting Information [Line Items]
Total revenues		23,671	25,125	72,557	83,218
Operating income		11,141	16,056	39,588	54,198
Total assets		215		215		299
Reconciling Items [Member]
Segment Reporting Information [Line Items]
Operating income		914,970	765,660	2,654,089	1,998,723
General and administrative expenses		(87,903)	(66,970)	(245,663)	(219,344)
Depreciation and amortization expenses		(401,450)	(390,806)	(1,200,410)	(1,181,117)
Gains on dispositions of development properties and land, net		74,678	139,406	390,686	500,410
Gains on other dispositions of investments in real estate, net		1,019	214,390	585,854	358,180
Earnings from unconsolidated entities, net		84,925	91,818	241,481	231,286
Interest expense		(63,884)	(63,638)	(188,241)	(203,331)
Foreign currency and derivative gains and interest and other income, net		171,832	63,326	364,623	142,859
Losses on early extinguishment of debt, net		0	$ 0	(18,895)	$ (187,453)
Total assets		10,722,912		10,722,912		10,360,492
Investments in and advances to unconsolidated entities		8,659,129		8,659,129		8,610,958
Assets held for sale or contribution		614,356		614,356		669,688
Cash and cash equivalents		636,282		636,282		556,117
Other assets		$ 813,145		$ 813,145		$ 523,729
[1] Included in the three and nine months ended September 30, 2021, is the sale of our ownership interest in an unconsolidated other venture.

Business Segments - Segment R_2

Business Segments - Segment Reporting, Reconciliation of Revenues, Operating Income and Assets (Parenthetical) (Detail) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Strategic Capital [Member] | Europe [Member]
Segment Reporting Information [Line Items]
Goodwill	$ 25.3	$ 25.3

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information - Additional Information (Detail) $ in Thousands, shares in Millions	9 Months Ended
	Sep. 30, 2022 USD ($) shares	Sep. 30, 2021 USD ($) Venture shares	Dec. 31, 2021 USD ($)
Supplemental Cash Flow Information [Line Items]
Lease Right-of-Use assets	$ 150,400	$ 32,700
Lease liabilities	150,400	32,700
Capitalization for equity based compensation expense	26,500	19,400
Debt	18,139,299		$ 17,715,054
Noncash acquisition, real estate acquired		$ 10,000
Number of unconsolidated other ventures | Venture		2
Interest paid, net of amounts capitalized	188,900	$ 224,700
Cash paid for income taxes, net of refunds	85,300	$ 85,000
Prologis, L.P. [Member]
Supplemental Cash Flow Information [Line Items]
Debt	$ 18,139,299		$ 17,715,054
Limited Partners [Member] | Prologis, L.P. [Member]
Supplemental Cash Flow Information [Line Items]
Common limited partnership units, shares | shares		1
Common limited partnership units, amount paid		$ 130,400
Limited Partners [Member] | Prologis, L.P. [Member] | Common [Member]
Supplemental Cash Flow Information [Line Items]
PLD units redeemed for common shares | shares	0.2	0.3
Unconsolidated Entities [Member]
Supplemental Cash Flow Information [Line Items]
Equity ownership interest received	$ 393,200	$ 299,400
Unconsolidated Other Venture [Member]
Supplemental Cash Flow Information [Line Items]
Debt		$ 215,300

Acquisition of Duke - Additiona

Acquisition of Duke - Additional Information (Detail) shares in Thousands, $ in Billions	Oct. 03, 2022 USD ($) shares	Oct. 03, 2022 USD ($) shares	Sep. 30, 2022 shares	Dec. 31, 2021 shares
Business Acquisition [Line Items]
Common stock, shares issued			740,411	739,827
Subsequent Event [Member] | Duke Transaction [Member]
Business Acquisition [Line Items]
Business acquisition stock conversion ratio		0.475
Business acquisition consideration transferred | $	$ 23	$ 23
Common stock, shares issued	183,000	183,000
Subsequent Event [Member] | Duke Transaction [Member] | Common Unit [Member]
Business Acquisition [Line Items]
Common limited partnership units, shares		2,000