FIBRA Prologis Reports Strong Q1 2025 Earnings Results

FIBRA Prologis Shares Impressive First Quarter 2025 Results
FIBRA Prologis (BMV:FIBRAPL 14), a prominent owner and operator of high-quality industrial real estate, has recently released its earnings report for Q1 2025, showcasing remarkable performance despite the global trade uncertainties. The company's results indicate a resilient strategy supported by operational discipline and a robust balance sheet.
Quarterly Highlights:
In the first quarter of 2025, FIBRA Prologis achieved record net effective rents on lease rollovers at an impressive rate of 65.2 percent, showcasing its ability to maximize rental income. The company reported a period-end occupancy rate of 98.8%, with an average occupancy of 98.1%, reflecting the strong demand for its properties. Customer retention was notably high at 93.6%, highlighting the effectiveness of its tenant relationship management.
In terms of financial performance, the net earnings per CBFI were reported at Ps. 2.0195 (US$0.0985), a decrease from Ps. 6.1383 (US$0.3505) in the same quarter of the previous year. Additionally, the funds from operations (FFO) per CBFI stood at Ps. 1.2384 (US$0.0609), compared to Ps. 0.8416 (US$0.0492) from the previous year, indicating a positive trend in operational performance.
Strong Operational Positioning
During the quarterly performance review, CEO Héctor Ibarzábal emphasized the company’s strategic positioning in key industrial markets, which has allowed for sustained growth amid challenging global conditions. "Our results reflect a consistent focus on execution and long-term value creation for our shareholders," he noted. This steadfast approach contributes to the overall health and growth potential of FIBRA Prologis.
Key Metrics Overview
The operational metrics for Q1 2025 highlight the company’s effective management practices:
- Period End Occupancy: 98.8%
- Average Occupancy: 98.1%
- Customer Retention: 93.6%
- Net Effective Rent Change: 65.2%
- Same Store Cash NOI: 2.0%
Financial Stability and Future Outlook
As of March 31, 2025, FIBRA Prologis reported a leverage ratio of 22.9 percent and substantial liquidity of approximately Ps. 11.2 billion (US$546 million). This liquidity includes available capacity of Ps. 9.5 billion (US$465 million) from unsecured credit facilities and Ps. 1.7 billion (US$81 million) in unrestricted cash, ensuring the company is well-positioned to navigate any economic challenges ahead.
Future Engagement and Investor Communication
FIBRA Prologis plans to host a live webcast/conference call for investors to discuss these quarterly results, market conditions, and strategic insights going forward. Interested stakeholders can access the webcast on the company’s website on the scheduled date.
About FIBRA Prologis
FIBRA Prologis stands out as a significant player within the industrial real estate sector in Mexico. As of March 31, 2025, its expansive portfolio encompasses 507 investment properties totaling 87.0 million square feet (8.1 million square meters). This includes 345 logistics and manufacturing facilities strategically located across six key markets in Mexico.
Frequently Asked Questions
What were the net earnings for Q1 2025?
The net earnings per CBFI for Q1 2025 were Ps. 2.0195 (US$0.0985).
What is the occupancy rate for FIBRA Prologis?
The period-end occupancy rate was reported at 98.8% for Q1 2025.
How does customer retention compare to last year?
Customer retention stood at 93.6%, significantly higher than the prior year's performance.
What are the funds from operations (FFO) for Q1 2025?
The FFO per CBFI was Ps. 1.2384 (US$0.0609) for Q1 2025.
How many investment properties does FIBRA Prologis have?
FIBRA Prologis manages a portfolio of 507 investment properties, encompassing 87.0 million square feet of industrial space.
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