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Prologis Property Mexico SA de CV
OTC:FBBPF

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Prologis Property Mexico SA de CV
OTC:FBBPF
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Price: 4.128 USD -6.99% Market Closed
Market Cap: 5.4B USD

Prologis Property Mexico SA de CV
Investor Relations

Prologis Property Mexico SA de CV stands as a prominent force in the realm of real estate investment trusts (REITs) within Mexico, a subsidiary of the globally recognized Prologis, Inc. The company has painted a vivid picture of operational efficiency and strategic foresight, focusing primarily on owning, managing, and developing logistics facilities. Positioned at the bustling crossroads of Mexico’s central supply chains, Prologis Property Mexico capitalizes on the increasing demand for logistics services in a rapidly urbanizing landscape. By leveraging their extensive network of industrial properties, the company is able to serve a diverse range of clients, from multinational corporations to local enterprises, facilitating smooth operations and timely deliveries.

The business model is underpinned by long-term lease agreements with tenants who require large, strategically-located facilities to effectively manage their supply chains. This provides a stable income stream and reduced volatility in revenue, a characteristic much appreciated in the real estate sector. Furthermore, Prologis Property Mexico's emphasis on sustainable development and technological integration enhances its appeal to its clientele, who are often seeking innovative solutions to reduce costs and improve efficiency. By focusing on the strategic acquisition of properties in key markets and maintaining high occupancy rates, the company skillfully navigates the evolving dynamics of the logistics industry, cementing its status as a critical player in the infrastructure of commerce throughout Mexico.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 29, 2025
AI Summary
Q3 2025

Strong Quarter: FIBRA Prologis delivered strong financial and operational results in Q3, with notable growth in key metrics and successful execution on leasing.

Leasing Momentum: New leasing activity doubled to 10 million square feet from last quarter, with a healthy pipeline and high tenant retention.

Terrafina Progress: Progress continues on the Terrafina acquisition, aiming to reach 95% ownership and delist the company, while operational standards and rents are being brought up to Prologis levels.

Guidance Updates: Acquisition and disposition guidance for 2025 was lowered due to timing, not fundamentals, with expectations that more activity could shift to 2026.

Distribution Outlook: Taxable income is expected to exceed distribution guidance, leading to a combined CBFI and cash payout to comply with tax rules.

CapEx Management: CapEx levels are being carefully managed, with some additional investment in older Terrafina assets but no surprises relative to earlier expectations.

Market Activity: There are signs of increased activity in October, with expectations of continued demand despite trade uncertainty and USMCA renegotiation.

Key Financials
FFO per CBFI
$0.056
FFO
$90 million
AFFO
$78 million
Leased Square Feet
4.1 million square feet
Year-to-Date Leased Square Feet
9.2 million square feet
2025 Lease Expirations Leased
70%
Occupancy
98%
Tenant Retention
82%
Net Effective Rent Change
47%
Same-store NOI Growth
15%
Vacancy Rate
5.3%
New Leasing Activity
10 million square feet
Net Absorption
7.8 million square feet
New Supply
10 million square feet
Construction Starts
14 million square feet
EBITDA Margin
77%
Other Earnings Calls

Management

Mr. Daniel Stephen Letter
President & Chairman
No Bio Available
Mr. Jorge Roberto Girault Facha
Chief Financial Officer
No Bio Available
Ms. Alexandra Violante
Head of Investor Relations
No Bio Available
Mr. Edvjard S. Nekritx
Counsel
No Bio Available
Mr. Federico Cantú
Senior VP & Head of Operations - Mexico
No Bio Available

Contacts

Address
MEXICO, D.F.
CUAJIMALPA DE MORELOS
Paseo de los Tamarindos 90 Torre 2, Piso 22, Bosques de las Lomas
Contacts