FIBRA Prologis Successfully Delists Terrafina's CBFIs Following CNBV Authorization

FIBRA Prologis and the Delisting of Terrafina's CBFIs

FIBRA Prologis, a prominent player in the industrial real estate market in Mexico, has recently made headlines with its strategic decision regarding Terrafina's real estate trust certificates (CBFIs). On February 18, 2026, they received formal approval from the National Banking and Securities Commission (CNBV) for the cancellation of Terrafina's registration in the National Securities Registry (RNV). This step marks a significant transition for both FIBRA Prologis and its subsidiary, Terrafina, reflecting their ongoing efforts to enhance operational efficiency and shareholder value.

This authorization follows the resolutions made at the CBFI holders' meeting held on December 1, 2025, where stakeholders voted in favor of the delisting of Terrafina's CBFIs. Consequently, Terrafina has initiated the process of removing its CBFIs from the Mexican Stock Exchange (Bolsa Mexicana de Valores, S.A.B. de C.V.), leading to their cessation of trading on this platform.

In a significant move during this transition, FIBRA Prologis has established a payment trust to facilitate former CBFI holders who missed the recent tender offer. This fund will allow them to sell their CBFIs at the agreed price of MXN$42.5 pesos each for a duration of six months. This step not only underscores the company’s commitment to its current and former investors but also reflects the fluid nature of the equity markets and the adaptability of FIBRA Prologis to these changes.

The recent tender offer, which concluded on November 12, 2025, aimed to acquire Terrafina's CBFIs, was an affirmation of FIBRA Prologis's strategic restructuring plans. The smooth execution of this plan showcases the robust financial management and strategic foresight of FIBRA Prologis, aimed at maintaining its status as a leader in the Class A industrial real estate segment.

FIBRA Prologis prides itself on being one of the largest owners and operators of industrial properties in Mexico, effectively managing an impressive portfolio of 515 investment properties, according to their latest reporting as of September 30, 2025. The total square footage of their portfolio exceeds 87 million square feet, comprising logistics and manufacturing facilities strategically located across the key industrial markets of the country.

However, amid positive developments, FIBRA Prologis also acknowledges the inherent risks associated with operating in the real estate sector. Factors that could potentially influence their financial outcomes include economic fluctuations in both domestic and international markets, competitive pressures, and environmental challenges. Identifying and managing these risks has been central to their operations as they strive for sustainable growth in an ever-evolving industry landscape.

As the dust settles on this recent transition, FIBRA Prologis and its affiliates remain focused on serving its stakeholders while exploring new opportunities for expansion and growth in Mexico’s dynamic industrial real estate market. Investors interested in further details regarding this process can turn to Terrafina's official communication channels for the latest updates and announcements.

In conclusion, the delisting of Terrafina’s CBFIs not only enhances FIBRA Prologis's operational clarity but also signifies their commitment to optimizing stakeholder value. The strategic initiatives undertaken pave the way for future developments in the evolving landscape of Mexico's industrial real estate sector.