v3.26.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Operating activities:    
Consolidated net earnings $ 3,048,671 $ 2,083,084
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Straight-lined rents and amortization of above and below market leases (501,708) (530,691)
Equity-based compensation awards 165,744 141,654
Depreciation and amortization 2,131,324 1,957,278
Earnings from unconsolidated entities, net (396,183) (268,418)
Operating distributions from unconsolidated entities 529,846 454,682
Decrease (increase) in operating receivables from unconsolidated entities (54,659) 8,166
Amortization of debt discounts and debt issuance costs, net 63,237 64,450
Gains on dispositions of development properties and land, net (423,717) (53,363)
Gains on other dispositions of investments in real estate, net (359,924) (116,078)
Unrealized foreign currency and derivative losses (gains), net (6,388) 155,348
Losses (gains) on early extinguishment of debt, net 1,777 0
Deferred income tax expense (benefit) 57,839 (2,948)
Decrease (increase) in other assets (130,156) (127,522)
Increase (decrease) in accounts payable and accrued expenses and other liabilities 267,206 84,556
Net cash provided by (used in) operating activities 4,392,909 3,850,198
Investing activities:    
Real estate development (2,385,518) (1,958,714)
Real estate acquisitions (1,626,921) (1,246,417)
Tenant improvements and lease commissions on previously leased space (435,258) (413,577)
Property improvements (195,773) (212,536)
Proceeds from dispositions and contributions of real estate 1,531,872 340,944
Investments in and advances to unconsolidated entities (383,123) (50,657)
Return of investment from unconsolidated entities 305,659 76,156
Proceeds from the settlement of net investment hedges 5,091 4,852
Payments on the settlement of net investment hedges (7,719) (18,908)
Purchase of short-term investments (1,000,000) (176,715)
Proceeds from maturity of short-term investments 176,485 0
Net cash provided by (used in) investing activities (4,015,205) (3,655,572)
Financing activities:    
Proceeds from issuance of common stock 2,411,446 0
Dividends/distributions paid on common and preferred units (3,022,429) (2,822,772)
Noncontrolling interests contributions 42,629 59,216
Noncontrolling interests distributions (222,336) (230,751)
Settlement of noncontrolling interests (78,369) (19,974)
Tax paid with shares of the Parent withheld (25,152) (18,757)
Debt and equity issuance costs paid (57,490) (30,706)
Net proceeds from (payments on) credit facilities and commercial paper 749,338 (27,937)
Repurchase of and payments on debt (1,368,921) (209,068)
Proceeds from the issuance of debt 2,328,951 2,955,412
Net cash provided by (used in) financing activities 757,667 (345,337)
Effect of foreign currency exchange rate changes on cash (7,521) 18,142
Net increase (decrease) in cash and cash equivalents 1,127,850 (132,569)
Cash and cash equivalents, beginning of period 1,145,647 1,318,591
Cash and cash equivalents, end of period 2,273,497 1,186,022
Prologis, L.P. [Member]    
Operating activities:    
Consolidated net earnings 3,048,671 2,083,084
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Straight-lined rents and amortization of above and below market leases (501,708) (530,691)
Equity-based compensation awards 165,744 141,654
Depreciation and amortization 2,131,324 1,957,278
Earnings from unconsolidated entities, net (396,183) (268,418)
Operating distributions from unconsolidated entities 529,846 454,682
Decrease (increase) in operating receivables from unconsolidated entities (54,659) 8,166
Amortization of debt discounts and debt issuance costs, net 63,237 64,450
Gains on dispositions of development properties and land, net (423,717) (53,363)
Gains on other dispositions of investments in real estate, net (359,924) (116,078)
Unrealized foreign currency and derivative losses (gains), net (6,388) 155,348
Losses (gains) on early extinguishment of debt, net 1,777 0
Deferred income tax expense (benefit) 57,839 (2,948)
Decrease (increase) in other assets (130,156) (127,522)
Increase (decrease) in accounts payable and accrued expenses and other liabilities 267,206 84,556
Net cash provided by (used in) operating activities 4,392,909 3,850,198
Investing activities:    
Real estate development (2,385,518) (1,958,714)
Real estate acquisitions (1,626,921) (1,246,417)
Tenant improvements and lease commissions on previously leased space (435,258) (413,577)
Property improvements (195,773) (212,536)
Proceeds from dispositions and contributions of real estate 1,531,872 340,944
Investments in and advances to unconsolidated entities (383,123) (50,657)
Return of investment from unconsolidated entities 305,659 76,156
Proceeds from the settlement of net investment hedges 5,091 4,852
Payments on the settlement of net investment hedges (7,719) (18,908)
Purchase of short-term investments (1,000,000) (176,715)
Proceeds from maturity of short-term investments 176,485 0
Net cash provided by (used in) investing activities (4,015,205) (3,655,572)
Financing activities:    
Proceeds from issuance of common partnership units in exchange for contributions from Prologis, Inc. 2,411,446 0
Dividends/distributions paid on common and preferred units (3,097,517) (2,902,624)
Noncontrolling interests contributions 42,629 59,216
Noncontrolling interests distributions (147,248) (150,899)
Settlement of noncontrolling interests (3,702) (13,661)
Redemption of common limited partnership units (74,667) (6,313)
Tax paid with shares of the Parent withheld (25,152) (18,757)
Debt and equity issuance costs paid (57,490) (30,706)
Net proceeds from (payments on) credit facilities and commercial paper 749,338 (27,937)
Repurchase of and payments on debt (1,368,921) (209,068)
Proceeds from the issuance of debt 2,328,951 2,955,412
Net cash provided by (used in) financing activities 757,667 (345,337)
Effect of foreign currency exchange rate changes on cash (7,521) 18,142
Net increase (decrease) in cash and cash equivalents 1,127,850 (132,569)
Cash and cash equivalents, beginning of period 1,145,647 1,318,591
Cash and cash equivalents, end of period $ 2,273,497 $ 1,186,022