#Mexico #Mexico City #FIBRA Prologis #industrial real estate #Q3 Earnings

FIBRA Prologis Reports Remarkable Q3 2025 Results

FIBRA Prologis, renowned for its leadership in the investment and management of Class-A industrial real estate in Mexico, has unveiled its financial results for the third quarter of 2025. The announcement, made on October 28, 2025, demonstrates the trust and resilience the company has built in a landscape marked by economic uncertainty.

Strong Highlights of the Quarter

FIBRA Prologis has delivered impressive metrics showcasing its operational strength:

• - Effective Rent Increase: The effective rent on renewals surged by 47.2%, reflecting a robust demand in the market.
• - Occupancy Rates: The company recorded an end-of-period occupancy of 98.0%, with an average of 97.9%, indicating high tenant retention and satisfaction.
• - Customer Retention Rate: With a retention rate of 81.7%, FIBRA Prologis is not just maintaining but enhancing its relationships with clients.
• - NOI Growth: The net operating income on the same properties saw a remarkable boost of 14.8%, signaling efficient management and value growth.
• - Improved Ratings: The company’s MSCI rating improved from BB to BBB, alongside an enhancement in corporate sustainability scoring from 55 to 60. These upgrades underline the commitment of FIBRA Prologis to socially responsible practices.

For the quarter, net income per Real Estate Investment Trust certificate (CBFI) stood at Ps. 1.0027 (US$0.0540), a decrease compared to Ps. 6.4415 (US$0.3424) in the previous year. However, funds from operations (FFO) saw an increase, rising to Ps. 1.0268 (US$0.0561) from Ps. 0.8343 (US$0.0437) in 2024.

Operational Resilience in Uncertain Times

Héctor Ibarzabal, CEO of FIBRA Prologis, emphasized the company's confidence amidst challenging market conditions. He stated, "Despite ongoing business uncertainties, FIBRA Prologis continues to showcase strong financial and operational results. Our diversified portfolio and focus on high-quality, strategically located logistics assets position us to capitalize on growth in Mexico's primary consumption and manufacturing markets. We remain confident in the resilience of our platform and our capacity to generate long-term value for our stakeholders."

Portfolio Insights

As of Q3 2025, FIBRA Prologis operated a portfolio comprising 515 investment properties, totalling 87.0 million square feet (8.1 million square meters). This mainly includes 348 logistics and manufacturing buildings, strategically placed in six major industrial markets in Mexico, encompassing 65.7 million square feet (6.1 million square meters) of Gross Leasable Area (GLA).

Financial Position

By September 30, 2025, FIBRA Prologis reported a leverage level of 22.6%, affirming its financial health. The liquidity amounted to Ps. 19.9 billion (US$1.1 billion), along with an availability of Ps. 18.4 billion (US$1.0 billion) in unsecured credit lines and Ps. 1.6 billion (US$85 million) in unrestricted cash.

Updated Guidance for 2025

As the organization navigates future challenges, updated guidance for acquisitions ranges from US$50 million to US$100 million and dispositions from US$0 to US$50 million. Capital expenditures as a percentage of NOI have been adjusted, signaling a proactive approach to market dynamics.

Upcoming Conference Call

FIBRA Prologis will hold a live conference call/webcast on October 29, 2025, at 9 a.m. Mexico time to discuss these results and market conditions. Interested participants can join via the company’s investor relations website or by dialing into the provided numbers.

FIBRA Prologis remains a central player in Mexico's real estate sector, focusing on continuous growth and adaptation, ensuring that stakeholders benefit from its strategic endeavors in the coming years.