FIBRA Prologis Announces Second Quarter 2025 Earnings Results

Core Insights - FIBRA Prologis reported strong financial results for Q2 2025, with net earnings per CBFI increasing to Ps. 1.8021 (US$0.0915) from Ps. 0.7770 (US$0.0470) in Q2 2024, indicating a significant year-over-year growth [2][3] - The company emphasized its strategic focus on resilient consumption-driven hubs, which has contributed to sustainable growth despite market challenges [3] Financial Performance - Funds from operations (FFO) per CBFI rose to Ps. 1.1634 (US$0.0585) in Q2 2025, compared to Ps. 0.8112 (US$0.0485) in the same quarter of 2024 [2] - As of June 30, 2025, FIBRA Prologis had a leverage ratio of 22.8% and liquidity of approximately Ps. 21.5 billion (US$1.1 billion), which includes Ps. 19.7 billion (US$1.0 billion) of available capacity on its unsecured credit facility [5] Operating Metrics - The period-end occupancy rate was 97.7%, while the average occupancy rate was 98.2%, both showing slight decreases from the previous year [4] - Customer retention improved significantly to 86.0% from 65.8% in Q2 2024, indicating stronger tenant relationships [4] - The net effective rent change was recorded at 68.0%, up from 58.1% in the same period last year, driven by markets such as Monterrey and Mexico City [4][8] Updated Guidance - The updated guidance for FFO per CBFI for 2025 has been revised upwards to a range of US$0.2200 to US$0.2400, reflecting a positive outlook excluding foreign exchange impacts [6]