FIBRA Prologis Confirms CNBV Approval for Terrafina's CBFI Deregistration

FIBRA Prologis and Terrafina's Recent Developments

FIBRA Prologis (BMV: FIBRAPL 14), a leading owner and operator of Class A industrial properties in Mexico, has made significant headway regarding its subsidiary, Terrafina. On February 18, 2026, the Comisión Nacional Bancaria y de Valores (CNBV) granted Terrafina authorization for the cancellation of its CBFIs' registration in the Registro Nacional de Valores. This important development follows a resolution made at the CBFI holders’ assembly on December 1, 2025, where the decision to deregister the certificates was approved.

The cancellation from the Registro Nacional de Valores marks a pivotal turn for Terrafina, as it consequently leads to the delisting of its CBFIs from the Bolsa Mexicana de Valores (S.A.B. de C.V.). As of now, Terrafina’s CBFIs are no longer trading on this stock exchange. This step is expected to streamline Terrafina’s operations and potentially enhance its focus on its core activities.

In light of this transition, FIBRA Prologis has also established a trust fund as of February 16, 2026. This will facilitate payments for CBFI holders who did not take part in the recent public acquisition offer for Terrafina’s CBFIs, concluded on November 12, 2025. Holders wishing to sell their CBFIs can do so over a six-month period at the previously offered price of MXN$42.5 per CBFI.

The context surrounding these changes is crucial for investors. The recent public offering showed an active interest in Terrafina’s CBFIs, which offers insights into the market's confidence in the company's future outlook. Those who attended the assembly of CBFI holders expressed clear support for the decisions made, indicating a strategic alignment with the company's long-term vision.

FIBRA Prologis is notable not just for its recent actions regarding Terrafina, but also for its expansive portfolio. As of September 30, 2025, the company owned 515 properties over a total of 87 million square feet (or 8.1 million square meters). This extensive portfolio includes 348 logistical and manufacturing properties across Mexico's six principal industrial markets, accounting for approximately 65.7 million square feet. Additionally, the company maintains 167 buildings with approximately 21.3 million square feet of assets in non-core markets.

The future remains complex and uncertain; as highlighted in its announcements, FIBRA Prologis urges investors to remain aware of potential risks. Factors such as economic conditions, competitive landscapes, and financing availability will significantly influence their operational performance moving forward. The forward-looking statements are inherently uncertain, and while the company's management expresses optimism, it is prudent for stakeholders to prepare for various scenarios that may unfold.

It remains crucial for investors to stay updated via official communication channels from FIBRA Prologis and Terrafina. These announcements will guide stakeholders through any additional developments related to Terrafina's CBFIs and broader market conditions.

FIBRA Prologis continues to reflect on its commitment to transparency and strategic growth amidst evolving circumstances within the real estate sector. Investors are encouraged to review any supplementary details shared by the companies during this transformative phase.

In summary, FIBRA Prologis has undertaken significant steps to align with market expectations and institutional growth strategies. Investors must remain engaged as the scenario continues to evolve, particularly surrounding Terrafina’s improved position following its deregistration. Stay tuned for further updates!