FIBRA Prologis Unveils Strong Financial Results for Q2 2025
FIBRA Prologis Reports Strong Q2 2025 Financial Results
FIBRA Prologis, a prominent player in Class-A industrial real estate investment and management in Mexico, recently announced its financial results for the second quarter of 2025. The report highlighted a remarkable growth trajectory, showcasing the company's resilience in navigating an evolving market landscape.
Key Highlights of Q2 2025
FIBRA Prologis achieved several notable accomplishments during the quarter:
- - Renewal Effective Rent Growth: The effective rent from renewals surged by 68.0%, indicating robust demand and pricing power.
- - Occupancy Rates: The occupancy rate at the end of the period was 97.7%, with an average occupancy of 98.2%, highlighting strong tenant retention and operational efficiency.
- - Customer Retention: The company reported an impressive customer retention rate of 86.0%, which is a clear testament to its commitment to providing superior service and value to its tenants.
- - NOI Performance: The cash NOI on the same properties posted a modest increase of 0.1%, reflective of successful renewals and strategic pricing.
- - Annual Impact and Sustainability Report: FIBRA Prologis also published its annual impact and sustainability report, emphasizing its commitment to responsible business practices.
The net income per real estate investment trust certificate (CBFI) for the quarter stood at Ps. 1.8021 (US$0.0915), compared to Ps. 0.7770 (US$0.0470) for the same period in 2024. Furthermore, the funds from operations (FFO) for the quarter were Ps. 1.1634 (US$0.0585), significantly increasing from Ps. 0.8112 (US$0.0485) year-over-year.
Operational Performance
Héctor Ibarzabal, CEO of FIBRA Prologis, commented on the company's performance, stating, "In the first half of the year, we achieved solid financial results and outstanding operational performance. Despite headwinds from global trade and changing market dynamics, our strategic focus on resilient consumer-driven centers and disciplined execution continues to propel sustainable growth and long-term value for our stakeholders."
Portfolio Overview
| Metric | Q2 2025 | Q2 2024 | Notes |
|---|---|---|---|
| ------- | --- | --- | -------- |
| Ending Occupancy | 97.7% | 98.4% | Five markets above 96% |
| Average Occupancy | 98.2% | 98.6% | Above 97% since Q2 2021 |
| Leases Started | 2.1 MPC | 1.3 MPC | Majority in Mexico City, Guadalajara |
| Customer Retention | 86.0% | 65.8% | Strong retention strategy |
| Change in Effective Rent | 68.0% | 58.1% | Driven by Monterrey, Mexico City, Juarez |
| Cash NOI for Same Properties | 0.1% | 11.9% | Led by renewals and annual rent increases, partially offset by FX |
| Net Effective NOI on the Same Properties | 5.0% | 11.2% | Highlighting effective strategies applied |
Financial Position
As of June 30, 2025, FIBRA Prologis maintained a leverage ratio of 22.8% and had liquidity of Ps. 21.5 billion (US$1.1 billion), which includes Ps. 19.7 billion (US$1.0 billion) of available capacity on an unsecured credit line and Ps. 1.8 billion (US$97 million) of unrestricted cash.
Updated Guidance for 2025
The company has updated its guidance for 2025, projecting FFO per CBFI between US$0.2200 and US$0.2400, which excludes the impact of foreign exchange fluctuations and potential incentive fees.
Future Outlook
FIBRA Prologis will host a live teleconference/webcast on Tuesday, July 29, 2025, to discuss the quarterly results and market conditions. Investors and interested stakeholders can access this on the company’s investor relations page. This commitment to transparency continues to fortify the trust and loyalty of FIBRA Prologis's investor community.
Conclusion
FIBRA Prologis’s financial results for Q2 2025 reflect a strong operational foundation, effective management strategies, and a commitment to sustainable practices within the real estate sector. The company is well-positioned to navigate upcoming challenges while delivering value to its stakeholders, affirming its leadership in the Mexican industrial real estate market.
Topics Financial Services & Investing）
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