Prologis(US:PLD) Prnewswire·2025-10-28 21:45Core Insights - FIBRA Prologis reported strong financial and operational results for Q3 2025, despite ongoing trade uncertainties, highlighting the resilience of its diversified portfolio and focus on high-quality logistics assets [4][9]. Financial Performance - Net earnings per CBFI for Q3 2025 were Ps. 1.0027 (US$0.0540), a decrease from Ps. 6.4415 (US$0.3424) in Q3 2024 [3]. - Funds from operations (FFO) per CBFI for the quarter were Ps. 1.0268 (US$0.0561), up from Ps. 0.8343 (US$0.0437) in the same period last year [3]. Operating Results - Period-end occupancy was 98.0%, slightly down from 98.1% in Q3 2024, while average occupancy remained stable at 97.9% compared to 97.8% in the previous year [4]. - Customer retention improved significantly to 81.7% from 52.7% year-over-year [4]. - Net effective rent change was 47.2%, with notable contributions from Mexico City, Reynosa, and Tijuana [4][7]. - Same store cash NOI increased by 14.8%, driven mainly by rent changes and annual rent increases [4][7]. Financial Position - As of September 30, 2025, FIBRA Prologis had a leverage ratio of 22.6% and liquidity of approximately Ps. 19.9 billion (US$1.1 billion), which included Ps. 18.4 billion (US$1.0 billion) of available capacity on its unsecured credit facility [5]. Updated Guidance - The company updated its guidance for 2025, increasing the expected building acquisitions from US$150 million to US$250 million, while building dispositions were adjusted from US$100 million to US$400 million [6].