v3.8.0.1
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Rental $ 416,427 $ 435,868 $ 1,304,271 $ 1,299,122
Rental recoveries 114,755 124,409 370,221 361,402
Strategic capital 68,042 142,581 305,741 247,119
Development management and other 3,650 1,707 17,979 5,377
Total revenues 602,874 704,565 1,998,212 1,913,020
Expenses:        
Rental 128,735 140,514 429,185 427,820
Strategic capital 35,996 44,624 119,781 97,783
General and administrative 57,656 58,157 171,350 165,634
Depreciation and amortization 201,903 224,867 656,639 705,249
Other 3,093 3,779 8,608 12,364
Total expenses 427,383 471,941 1,385,563 1,408,850
Operating income 175,491 232,624 612,649 504,170
Other income (expense):        
Earnings from unconsolidated entities, net 55,066 45,857 172,267 145,622
Interest expense (64,190) (75,310) (212,456) (232,577)
Interest and other income, net 4,816 2,932 9,493 7,051
Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net 779,053 117,296 959,384 461,963
Foreign currency and derivative losses, net (18,872) (1,730) (46,327) (26,277)
Gains (losses) on early extinguishment of debt, net 0 1,492 (30,596) 2,484
Total other income 755,873 90,537 851,765 358,266
Earnings before income taxes 931,364 323,161 1,464,414 862,436
Total income tax expense 17,947 15,919 42,328 36,598
Consolidated net earnings 913,417 307,242 1,422,086 825,838
Less net earnings attributable to noncontrolling interests 35,524 26,316 70,647 58,103
Net earnings attributable to controlling interests 877,893 280,926 1,351,439 767,735
Less preferred stock/unit dividends/distributions 1,675 1,671 5,023 5,056
Net earnings attributable to common stockholders/unitholders $ 876,218 $ 279,255 $ 1,346,416 $ 762,679
Weighted average common shares/units outstanding – Basic 531,288 527,288 530,036 525,462
Weighted average common shares/units outstanding - Diluted 554,163 547,200 551,618 545,228
Net earnings per share attributable to common stockholders/unitholders - Basic $ 1.65 $ 0.53 $ 2.54 $ 1.45
Net earnings per share attributable to common stockholders/unitholders - Diluted 1.63 0.52 2.51 1.44
Dividends per common share or unit $ 0.44 $ 0.42 $ 1.32 $ 1.26
Prologis, L.P. [Member]        
Revenues:        
Rental $ 416,427 $ 435,868 $ 1,304,271 $ 1,299,122
Rental recoveries 114,755 124,409 370,221 361,402
Strategic capital 68,042 142,581 305,741 247,119
Development management and other 3,650 1,707 17,979 5,377
Total revenues 602,874 704,565 1,998,212 1,913,020
Expenses:        
Rental 128,735 140,514 429,185 427,820
Strategic capital 35,996 44,624 119,781 97,783
General and administrative 57,656 58,157 171,350 165,634
Depreciation and amortization 201,903 224,867 656,639 705,249
Other 3,093 3,779 8,608 12,364
Total expenses 427,383 471,941 1,385,563 1,408,850
Operating income 175,491 232,624 612,649 504,170
Other income (expense):        
Earnings from unconsolidated entities, net 55,066 45,857 172,267 145,622
Interest expense (64,190) (75,310) (212,456) (232,577)
Interest and other income, net 4,816 2,932 9,493 7,051
Gains on dispositions of investments in real estate and revaluation of equity investments upon acquisition of a controlling interest, net 779,053 117,296 959,384 461,963
Foreign currency and derivative losses, net (18,872) (1,730) (46,327) (26,277)
Gains (losses) on early extinguishment of debt, net 0 1,492 (30,596) 2,484
Total other income 755,873 90,537 851,765 358,266
Earnings before income taxes 931,364 323,161 1,464,414 862,436
Total income tax expense 17,947 15,919 42,328 36,598
Consolidated net earnings 913,417 307,242 1,422,086 825,838
Less net earnings attributable to noncontrolling interests 11,411 18,628 33,534 35,865
Net earnings attributable to controlling interests 902,006 288,614 1,388,552 789,973
Less preferred stock/unit dividends/distributions 1,675 1,671 5,023 5,056
Net earnings attributable to common stockholders/unitholders $ 900,331 $ 286,943 $ 1,383,529 $ 784,917
Weighted average common shares/units outstanding – Basic 537,257 532,934 536,021 531,985
Weighted average common shares/units outstanding - Diluted 554,163 547,200 551,618 545,228
Net earnings per share attributable to common stockholders/unitholders - Basic $ 1.65 $ 0.53 $ 2.54 $ 1.45
Net earnings per share attributable to common stockholders/unitholders - Diluted 1.63 0.52 2.51 1.44
Dividends per common share or unit $ 0.44 $ 0.42 $ 1.32 $ 1.26