| Noncontrolling interest summary |
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|
00000 |
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|
00000 |
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|
00000 |
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|
00000 |
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|
00000 |
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|
00000 |
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00000 |
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|
REIT’s
Ownership
Percentage |
|
|
Noncontrolling Interest |
|
|
Total Investment
In
Real Estate |
|
|
Debt |
|
| |
|
2011 |
|
|
2011 |
|
|
2010 |
|
|
2011 |
|
|
2010 |
|
|
2011 |
|
|
2010 |
|
|
Partnerships with exchangeable units (1)
|
|
|
various |
|
|
$ |
11,173 |
|
|
$ |
11,189 |
|
|
$ |
297,591 |
|
|
$ |
293,632 |
|
|
$ |
26,417 |
|
|
$ |
26,417 |
|
|
Prologis Institutional Alliance Fund II (2)
|
|
|
24.1 |
% |
|
|
324,721 |
|
|
|
- |
|
|
|
624,318 |
|
|
|
- |
|
|
|
220,625 |
|
|
|
- |
|
|
PEPR (3)
|
|
|
93.7 |
% |
|
|
106,759 |
|
|
|
- |
|
|
|
4,047,329 |
|
|
|
- |
|
|
|
1,699,587 |
|
|
|
- |
|
|
Mexico Fondo Logistico (AFORES)(2)(4)
|
|
|
20.0 |
% |
|
|
118,580 |
|
|
|
- |
|
|
|
312,914 |
|
|
|
- |
|
|
|
177,000 |
|
|
|
- |
|
|
Prologis AMS (2)
|
|
|
38.6 |
% |
|
|
83,897 |
|
|
|
- |
|
|
|
211,627 |
|
|
|
- |
|
|
|
77,041 |
|
|
|
- |
|
|
Other consolidated entities (2)
|
|
|
various |
|
|
|
90,092 |
|
|
|
3,943 |
|
|
|
620,052 |
|
|
|
58,665 |
|
|
|
70,140 |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Partnership noncontrolling interests
|
|
|
|
|
|
|
735,222 |
|
|
|
15,132 |
|
|
|
6,113,831 |
|
|
|
352,297 |
|
|
|
2,270,810 |
|
|
|
26,417 |
|
|
Limited partners in the Operating Partnership (5)
|
|
|
|
|
|
|
58,613 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
REIT noncontrolling interests
|
|
|
|
|
|
$ |
793,835 |
|
|
$ |
15,132 |
|
|
$ |
6,113,831 |
|
|
$ |
352,297 |
|
|
$ |
2,270,810 |
|
|
$ |
26,417 |
|
| (1) |
At December 31, 2011 and 2010, there were 1,302,238 and 339,225 limited partnership units, respectively, that were exchangeable into an equal number of shares of
the REIT’s common stock. In 2011, no outstanding limited partnership units were exchanged. In 2010, 22,432 limited partnership units were exchanged into an equal number of shares of the REIT’s common stock. The majority of the outstanding
limited partnership units are entitled to quarterly cash distributions equal to the quarterly dividends paid on our common stock. |
| (2) |
Relates to the consolidated investees that were acquired as a result of the Merger. |
| (3) |
In 2011, we acquired a controlling interest and began consolidating PEPR. For more information on this acquisition see Note 3. |
| (4) |
In the fourth quarter of 2011, we contributed 18 properties aggregating 4.2 million square feet to this consolidated entity for $234.4 million. As this entity is
consolidated, we did not record a gain on this transaction. In addition, NAIF II sold eight properties aggregating 1.2 million square feet for $58.5 million to this same consolidated entity (see Note 6 for more detail on the NAIF II
transaction). As a result of these transactions, the noncontrolling interest has increased $106.7 million, which represents our partners’ investment in cash. |
| (5) |
Relates to the limited partners in the Operating Partnership that were acquired as a result of the Merger. At December 31, 2011, 2,058,730 units are associated
with the common limited partners in the Operating Partnership that are exchangeable into an equal number of shares of the REIT’s common stock. The majority of the outstanding limited partnership units are entitled to quarterly cash
distributions equal to the quarterly distributions paid on our common stock. |
|