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FIBRA Prologis Reports Quarterly Cash Distribution

FIBRA Prologis, listed on the Mexican Stock Exchange under the ticker symbol FIBRAPL 14, has made a noteworthy announcement regarding its quarterly distribution. As one of the leading investment trusts in the management and investment of Class A industrial properties in Mexico, the company has declared a cash distribution totaling Ps 1,158.0 million (approximately US$56.6 million). This translates to Ps 0.7212 per Real Estate Investment Trust Certificate (CBFI), or US$0.0352 per CBFI. The distribution will benefit all CBFI holders and is scheduled to be paid out on February 7, 2025, with the ex-date marked for February 6, 2025.

FIBRA Prologis continues to demonstrate strength in the real estate sector, particularly in the field of logistics. As of September 30, 2024, the trust managed an impressive portfolio comprising 514 logistics and manufacturing facilities across six key industrial markets in Mexico. The total gross leasable area stands at 89.5 million square feet (8.3 million square meters), alongside additional assets totaling 24.0 million square feet (2.2 million square meters) that are deemed non-strategic. This extensive reach within the logistics space underlines the trust’s commitment to providing value to its investors while responding to the growing demand for industrial spaces in a rapidly evolving market.

Legal foundations for this distribution are grounded in the regulations set out in Article 187, Section VI of the Income Tax Law (Ley del ISR), which governs distributed fiscal results in cash. The declaration of cash distribution is part of FIBRA Prologis's standard practices for ensuring that its stakeholders receive viable returns on their investments. With a strong emphasis on shareholder engagement, the distribution is expected to enhance investor confidence and drive further interest in the trust's robust portfolio.

The statements released by FIBRA Prologis include forward-looking projections. These statements, based on current expectations, estimate various aspects concerning industry trends and market dynamics influencing operational performance. Terms such as “expect,” “anticipate,” “plan,” and similar expressions signify these forward-looking statements, which are not historical in nature but rather predictive. Despite the trust’s confidence in achieving projected results, various risks and uncertainties could potentially affect outcomes. Some of these factors include economic conditions at local and international levels, changes in financial markets, and competition, alongside other specific risks associated with property acquisitions and developments.

FIBRA Prologis remains transparent in communicating these factors, ensuring investors are aware of both potential returns and uncertainties they may encounter. As FIBRA Prologis continues its growth trajectory, stakeholders are encouraged to stay informed about future announcements, including upcoming financial reports and distribution declarations. This recent distribution further underscores FIBRA Prologis's dedication to maintaining a strategic and profitable portfolio while delivering consistent returns to its stakeholders.

For more detailed updates, investors and interested parties can keep an eye on FIBRA Prologis’s official channels and announcements, ensuring they do not miss critical information that could influence their investment decisions.