#Mexico #Mexico City #FIBRA Prologis #Deborah Briones #Technical Committee

FIBRA Prologis Announces Key Changes to Its Technical Committee

On February 6, 2025, FIBRA Prologis, a prominent player in the Class-A industrial real estate market in Mexico, unveiled meaningful changes to its Technical Committee. The announcement detailed the immediate addition of three non-independent members: Deborah Briones, General Counsel of Prologis, Inc., Carter Andrus, Chief Operating Officer of Prologis, and Joseph Ghazal, Director of Investments at Prologis. This strategic enhancement aims to bolster the company's governance as it navigates a competitive landscape.

Composition of the Technical Committee

The Technical Committee now comprises a balanced mix of five non-independent members and six independent members. The members are as follows:

• - Independent Members:

- Alberto Saavedra
- Miguel Alvarez del Rio
- Monica Flores
- Carlos Elizondo
- Gonzalo Portilla
- Katia Eschenbach

• - Non-Independent Members:

- Edward S. Nekritz
- Armando Fregozo
- Deborah Briones
- Carter Andrus
- Joseph Ghazal

Gratitude for Past Leadership

During the announcement, Héctor Ibarzabal, the General Director of FIBRA Prologis, took a moment to express heartfelt gratitude towards Luis Gutiérrez, who previously served as the president of the Technical Committee, and Dan Letter, a long-standing member. Their contributions over the past year were crucial to the firm's growth and evolution in a rapidly changing market.

FIBRA Prologis Overview

Founded in Mexico, FIBRA Prologis operates as a real estate investment trust (REIT) focusing on the investment and management of high-quality industrial properties. As of September 30, 2024, the trust boasts an impressive portfolio that includes 514 logistics and manufacturing facilities across six key industrial markets in Mexico, amounting to a total Gross Leasable Area of approximately 89.5 million square feet (around 8.3 million square meters). Additionally, the trust holds 165 buildings with combined assets totaling another 24 million square feet (approximately 2.2 million square meters) that are categorized as non-strategic.

Forward-Looking Statements

This announcement also featured several forward-looking statements, reflecting FIBRA Prologis's current expectations, estimates, and industry projections. It is crucial to understand these statements, as they entail inherent uncertainties that may significantly impact the company's future financial outcomes. Words such as 'expects,' 'anticipates,' 'plans,' or similar expressions are used to identify these future-forward statements, usually pertaining to operational performance, anticipated developments, and market conditions.

While FIBRA Prologis believes in the reasonability of the assumptions informing these projections, various factors could lead to actual results differing materially from the expectations set forth. These factors include international and local economic conditions, financial market fluctuations, rising competition, property acquisition risks, environmental uncertainties, and the evolving landscape following the COVID-19 pandemic. FIBRA Prologis reiterates its commitment to transparency and acknowledges the importance of continuously updating stakeholders on any major developments and risk factors affecting its operations.

By taking bold steps to enhance its leadership and oversight structure, FIBRA Prologis is positioning itself to not only adapt but thrive in the ever-evolving real estate market in Mexico, committing itself to excellence in operational performance and investor relations.