#Mexico #Mexico City #Real Estate #FIBRA Prologis #Q2 2026

Overview

FIBRA Prologis, the leading investment trust focused on Class-A industrial real estate in Mexico, revealed its financial outcomes for the second quarter of 2026. This trusted entity continues to demonstrate robust growth and resilience despite a fluctuating market environment.

Q2 2026 Highlights

During this quarter, several key metrics were particularly noteworthy:

• - Effective net rent renewals reached an impressive 40.8%.
• - Occupancy rates were reported at 95.8% at the end of the period, with an average of 96.1% across the portfolio.
• - Client retention stood at 60.8%.
• - Cash NOI for the same properties increased by 13.1%.

When comparing net income per CBFI, FIBRA Prologis noted a decline to (US$0.0285) for the quarter, down from US$0.0915 during the same period in 2025. However, funds from operations (FFO) per CBFI rose slightly to US$0.0613, up from US$0.0585 a year earlier.

Operational Insights

Jorge Girault, the CEO of FIBRA Prologis, highlighted the strength of the firm's portfolio and strategic positioning in major industrial markets across Mexico. "The high quality of our assets and our disciplined execution method continues to place us well for sustainable growth in the long term," he stated. His confidence in the modern logistics real estate sector underpins the firm’s commitment to delivering superior value to investors.

Portfolio Statistics

A closer inspection of the operational statistics reveals several trends:

• - The end-period occupancy rate decreased from 97.7% in Q2 2025 to 95.8% in 2026, with significant occupancy improvements noted in key markets such as Monterrey, Guadalajara, and Reynosa.
• - Average occupancy dipped to 96.1% from 98.2% year-over-year.
• - New lease contracts started in the quarter totaled 2.3 million square feet, compared to 2.1 million square feet in the same quarter last year, mainly driven by activity in Juárez.
• - The net effective rent change experienced a considerable drop, from 68% in the previous year to 40.8% in Q2 2026, primarily due to movements in Mexico City and Tijuana.
• - Cash NOI growth across identical properties was marked at 13.1%, a substantial rise attributed to rental increases and renewals.

Financial Position

As of June 30, 2026, FIBRA Prologis reported a leverage ratio of 24.7%, with a liquidity position of US$1.1 billion. This included US$1 billion available through an unsecured credit facility and US$146 million in unrestricted cash.

Future Outlook

FIBRA Prologis plans to host a live conference call and webcast to discuss these results, along with the prevailing market conditions and future perspectives. This session is scheduled for Friday, July 24, 2026, at 9 AM Mexico time. During this event, key stakeholders can gain insights directly from the management team about the trajectory of the firm amidst evolving market dynamics.

Conclusion

In conclusion, while facing a dynamic economic landscape, FIBRA Prologis continues to strengthen its market position through strategic asset management and a commitment to operational excellence. The ongoing growth in portfolio occupancy and effective rent performance remains a testament to their resilience and strategic foresight in the logistics real estate sector.

FIBRA Prologis is committed to upholding the highest standards of service and investment management principles to enhance value for its stakeholders well into the future.