v3.8.0.1

Earnings Per Common Share or Unit | 9 Months Ended
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Sep. 30, 2017
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 (in thousands, except per share and unit amounts) is as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
Prologis, Inc. |  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
Net earnings attributable to common stockholders – Basic |  | $ | 876,218 |  |  | $ | 279,255 |  |  | $ | 1,346,416 |  |  | $ | 762,679 |
Net earnings attributable to redeemable limited partnership unitholders (1) |  |  | 24,362 |  |  |  | 7,713 |  |  |  | 38,127 |  |  |  | 24,479 |
Adjusted net earnings attributable to common stockholders – Diluted |  | $ | 900,580 |  |  | $ | 286,968 |  |  | $ | 1,384,543 |  |  | $ | 787,158 |
Weighted average common shares outstanding – Basic |  |  | 531,288 |  |  |  | 527,288 |  |  |  | 530,036 |  |  |  | 525,462 |
Incremental weighted average effect on redemption of limited partnership units (1) |  |  | 15,641 |  |  |  | 14,568 |  |  |  | 16,150 |  |  |  | 17,156 |
Incremental weighted average effect of equity awards |  |  | 7,234 |  |  |  | 5,344 |  |  |  | 5,432 |  |  |  | 2,610 |
Weighted average common shares outstanding – Diluted (2) |  |  | 554,163 |  |  |  | 547,200 |  |  |  | 551,618 |  |  |  | 545,228 |
Net earnings per share attributable to common stockholders: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 1.65 |  |  | $ | 0.53 |  |  | $ | 2.54 |  |  | $ | 1.45 |
Diluted |  | $ | 1.63 |  |  | $ | 0.52 |  |  | $ | 2.51 |  |  | $ | 1.44 |
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
Prologis, L.P. |  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
Net earnings attributable to common unitholders |  | $ | 900,331 |  |  | $ | 286,943 |  |  | $ | 1,383,529 |  |  | $ | 784,917 |
Net earnings attributable to Class A common unitholders |  |  | (14,233 | ) |  |  | (4,641 | ) |  |  | (21,911 | ) |  |  | (12,769 | )
Net earnings attributable to common unitholders – Basic |  |  | 886,098 |  |  |  | 282,302 |  |  |  | 1,361,618 |  |  |  | 772,148 |
Net earnings attributable to Class A common unitholders |  |  | 14,233 |  |  |  | 4,641 |  |  |  | 21,911 |  |  |  | 12,769 |
Net earnings attributable to limited partnership unitholders |  |  | 249 |  |  |  | 25 |  |  |  | 1,014 |  |  |  | 2,241 |
Adjusted net earnings attributable to common unitholders – Diluted |  | $ | 900,580 |  |  | $ | 286,968 |  |  | $ | 1,384,543 |  |  | $ | 787,158 |
Weighted average common partnership units outstanding – Basic |  |  | 537,257 |  |  |  | 532,934 |  |  |  | 536,021 |  |  |  | 531,985 |
Incremental weighted average effect on conversion of Class A Units |  |  | 8,588 |  |  |  | 8,753 |  |  |  | 8,625 |  |  |  | 8,798 |
Incremental weighted average effect on redemption of limited partnership units into common stock of Prologis, Inc. |  |  | 1,084 |  |  |  | 169 |  |  |  | 1,540 |  |  |  | 1,835 |
Incremental weighted average effect of equity awards of Prologis, Inc. |  |  | 7,234 |  |  |  | 5,344 |  |  |  | 5,432 |  |  |  | 2,610 |
Weighted average common partnership units outstanding – Diluted (2) |  |  | 554,163 |  |  |  | 547,200 |  |  |  | 551,618 |  |  |  | 545,228 |
Net earnings per unit attributable to common unitholders: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 1.65 |  |  | $ | 0.53 |  |  | $ | 2.54 |  |  | $ | 1.45 |
Diluted |  | $ | 1.63 |  |  | $ | 0.52 |  |  | $ | 2.51 |  |  | $ | 1.44 |
(1) | Earnings allocated to the redeemable Operating Partnership units not held by the Parent has been included in the numerator and redeemable Operating Partnership 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 potentially dilutive shares and units outstanding consisted of the following:
|  |  | Three Months Ended |  |  | Nine Months Ended |
|  |  | September 30, |  |  | September 30, |
|  |  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
| Total weighted average potentially dilutive limited partnership units |  |  | 9,672 |  |  |  | 10,587 |  |  |  | 10,166 |  |  |  | 10,633 |
| Total potentially dilutive stock awards |  |  | 9,934 |  |  |  | 9,220 |  |  |  | 9,038 |  |  |  | 7,783 |
| Total Prologis, L.P. |  |  | 19,606 |  |  |  | 19,807 |  |  |  | 19,204 |  |  |  | 18,416 |
| Limited partners in Prologis, L.P. |  |  | 5,969 |  |  |  | 5,646 |  |  |  | 5,984 |  |  |  | 6,523 |
| Total Prologis, Inc. |  |  | 25,575 |  |  |  | 25,453 |  |  |  | 25,188 |  |  |  | 24,939 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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