Financial Data and Key Metrics Changes - For Q1 2025, funds from operations (FFO) were reported at $0.68 per fully diluted share, an increase from $0.60 per share in Q1 2024, indicating a positive trend in financial performance [22] - Cash same-store rental growth for the quarter, excluding termination fees, was 10.1%, driven by increases in rental rates and higher average occupancy [22][23] - In-service occupancy at the end of the quarter was 95.3%, a decrease of 90 basis points from year-end and 20 basis points from the year-ago quarter [22][23] Business Line Data and Key Metrics Changes - The company achieved a cash rental rate increase of 30% for new and renewal leasing, with a projected growth of 30% to 40% for the full year [15][29] - Development leasing included a successful expansion of a tenant in Denver, bringing a 200,000 square foot building to 100% occupancy [16] - The company plans to break ground on a 176,000 square foot facility in Dallas, targeting a cash yield of approximately 8% [17] Market Data and Key Metrics Changes - Nationally, vacancy in Tier 1 U.S. markets was reported at 5.9%, unchanged since year-end [12] - Net absorption was 56 million square feet, with 24 million square feet in target markets, while new construction starts were 75% lower than the peak in Q3 2022 [13] - In the Inland Empire, vacancy rates decreased by 30 basis points, with net absorption of 3 million square feet, indicating a positive trend in that market [65] Company Strategy and Development Direction - The company is focused on executing objectives to drive long-term cash flow growth while monitoring the impact of tariffs on tenant demand [30] - Future developments will target areas with unmet demand, particularly in Texas, Florida, and Pennsylvania [50] - The company remains opportunistic regarding new investments, emphasizing risk-adjusted returns in targeted sub-markets [50][134] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding the evolving landscape surrounding tariffs and their potential impact on business activity and leasing markets [10][11] - The tone remains positive, with good momentum and increased foot traffic, although decision-making has slowed due to uncertainty around tariffs [75][90] - Management anticipates that the majority of tenant demand will continue, despite some conversations being paused [88][90] Other Important Information - The company renewed its senior unsecured revolving credit facility by $100 million, extending the maturity date to March 2030 [24] - The company acquired two fully leased developments in Phoenix for $120 million, with a cash yield of 6.4% [20] - The company expects to capitalize about $0.09 per share of interest for the full year of 2025 [29] Q&A Session Summary Question: Impact of tariffs on tenancy perspective - Management indicated that exposure to Chinese 3PLs is minimal, with only 450,000 square feet leased to them, and no significant concerns from auto tenants [35][37] Question: Development leasing visibility - Management confirmed that the majority of development leasing is expected in Q4, with good activity in the market despite some tenant concerns regarding tariffs [41][46] Question: G&A expenses related to stock-based compensation - Management acknowledged an increase in G&A due to accelerated stock-based compensation but did not provide a specific dollar amount during the call [55] Question: Current tenant activity and leasing velocity - Management noted that while some tenants have paused, the overall interest and demand remain strong, with no specific concentration of paused activity in certain industries [88][92] Question: Development yields and construction costs - Management stated that they can achieve yields over 7% on new developments, despite rising construction costs, by focusing on areas with strong demand [112][114] Question: Amazon's expansion plans and RFPs - Management observed that Amazon is focused on expanding same-day delivery capabilities and is active in several markets, indicating a shift in their approach to warehousing [161][162]

MEXICO CITY, April 11, 2025 /PRNewswire/ -- FIBRA Prologis (BMV: FIBRAPL 14), a leading owner and operator of Class-A industrial real estate in Mexico, today announced it will host an ordinary certificate holders meeting on April 25, 2025, at 11:00 am Mexico Time. The meeting agenda includes the following items: I. Proposal, discussion and, if applicable, approval of the Trust's audited annual financial statements, corresponding to the fiscal year 2024, in accordance with Clause 4.3, subsection (a), nume ...

Core Viewpoint - FIBRA Prologis will host a webcast and conference call on April 30, 2025, to discuss first quarter results, current market conditions, and future outlook [1] Company Overview - FIBRA Prologis is a leading owner and operator of Class-A industrial real estate in Mexico, with a portfolio of 509 investment properties totaling 87.1 million square feet (8.1 million square meters) as of December 31, 2024 [4] - The portfolio includes 345 logistics and manufacturing facilities across six industrial core markets in Mexico, comprising 65.5 million square feet (6.1 million square meters) of Gross Leasing Area (GLA) [4] - Additionally, the company has 159 buildings with 21.0 million square feet (1.9 million square meters) of non-strategic assets in other markets [4] Event Details - The conference call will take place at 9:00 a.m. Mexico Time on April 30, 2025 [1] - Access to the live broadcast can be obtained via phone or through a webcast on the company's Investor Relations website [2] - A telephonic replay of the call will be available from April 30 to May 7, 2025 [3]

Core Viewpoint - Plymouth Industrial REIT, Inc. has successfully closed on $65.1 million in acquisitions of industrial properties, enhancing its portfolio with stable cash flow and long-term value appreciation [1][3][4]. Summary by Sections Acquisitions - The company acquired a Cincinnati small bay industrial portfolio consisting of four buildings totaling 240,578 square feet for $17.9 million, with an initial estimated net operating income (NOI) yield of 7.0% [1]. - A 263,000-square-foot warehouse facility in Cincinnati was purchased for $23.3 million, yielding an initial estimated NOI of 6.7% [1]. - In Atlanta, the company purchased a 297,583 square-foot warehouse facility for $23.9 million, with an initial estimated NOI yield of 6.8% [2]. - Across three transactions in Atlanta and Cincinnati, the total area acquired was 801,161 square feet, with an overall initial estimated NOI yield of 6.8% [3]. Portfolio Characteristics - All acquired properties are 100% leased, featuring a weighted average remaining lease term of 4.4 years [3]. - The Cincinnati portfolio has a weighted average remaining lease term of 3.5 years, while the Atlanta facility has a remaining lease term of three years [2][3]. Strategic Alignment - The acquisitions align with the company's strategy to expand in key markets at below replacement cost while securing stable cash flow and long-term value appreciation [4]. - The company aims to enhance its portfolio's income potential and market presence through investments in high-quality industrial assets [4].

Financial Data and Key Metrics Changes - The company announced a strategic transaction with Sixth Street, enhancing borrowing capacity and securing up to $500 million for acquisitions [6][7] - The same store portfolio has been reset to 168 buildings, representing 89% of the total in-place portfolio, with Q4 2024 occupancy at approximately 92% [20][48] - The company anticipates a 380 basis points occupancy improvement, equating to over 1 million square feet lease-up [20] Business Line Data and Key Metrics Changes - The Cincinnati acquisitions totaled approximately 762,000 square feet for $61.3 million, contributing to capital deployment efforts [10] - The company has a pipeline exceeding 11 million square feet and $1 billion in potential acquisitions, primarily in existing markets [11] Market Data and Key Metrics Changes - Market conditions remain favorable for buildings under 250,000 square feet, with over 95% of leases concentrated in this segment [9] - The rental growth rate in the company's markets is normalized between 3% and 4%, with mid-teens to low 20% growth expected on rent spreads for small to midsize spaces [32] Company Strategy and Development Direction - The focus for 2025 will be on leasing opportunities and capital deployment, with a strategic emphasis on expanding scale [7][11] - The company is positioned to execute on leasing and capital deployment strategies, leveraging the capital secured from the Sixth Street transaction [11][56] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating tenant challenges and leasing remaining spaces, with strong momentum anticipated for 2025 [8][9] - The company is optimistic about the leasing environment, with significant leasing activity noted towards the end of January and into February [27] Other Important Information - The company has made solid progress on capital deployment and is strategically positioned to expand its scale in existing markets [11] - Management highlighted the importance of value-add acquisitions and the capability to handle multiple projects simultaneously [78] Q&A Session Summary Question: What is the potential for acquisitions and their timing? - The company assumes $360 million of acquisitions at the midpoint, with about $70 million already banked, and expects to deploy the remainder evenly over the coming quarters [17] Question: Can you provide details on the leasing environment and remaining vacancies? - All carryover vacant space has already commenced leasing, with occupancy increasing from 92.5% to 94.3% this year, indicating strong leasing activity [26][27] Question: What are the expectations for the St. Louis lease and tenant renewals? - The tenant has expressed interest in expanding and continuing the lease, despite a reduction in square footage [38] Question: How does the company view the Sixth Street transaction and stock performance? - Management believes the transaction is transformative and is focused on deploying capital effectively, with a buyback strategy in place if stock performance does not improve [56][57] Question: What are the pricing trends in the market? - The company is experiencing negative leverage in the marketplace, with significant competition for acquisitions, indicating a challenging environment for pricing [69][74] Question: Are there any impacts from tariffs or reshoring initiatives? - There is a significant increase in demand for bulk storage requirements due to tariffs, with companies rushing to secure warehouse space [90][91]

Financial Data and Key Metrics Changes - Core FFO per share was $0.61 for the quarter and $2.40 for the year, representing an increase of 4.8% compared to 2023 [15] - Cash available for distribution totaled $370 million in 2024, with approximately $95 million of free cash flow retained after dividends paid [15] - Same store cash NOI grew 4.4% for the quarter and achieved record same store cash NOI growth of 5.8% for the year [15][16] - Net debt to annualized run rate adjusted EBITDA was 5.2x at year-end with liquidity of $623 million [15] Business Line Data and Key Metrics Changes - Leasing activity for the quarter included 23 leases totaling 2.4 million square feet, generating cash and straight-line leasing spreads of 19.4% and 34.9% respectively [15] - For the year, cash and straight-line leasing spreads were 28.3% and 41.8% respectively [15] - The company has already leased 70% of its operating portfolio square feet expected for 2025, achieving cash leasing spreads of 23.8% [9][16] Market Data and Key Metrics Changes - The national industrial leasing demand in 2024 was muted compared to recent years, but many markets remain healthy from both supply and demand standpoints [7] - The strongest market rent growth was observed in non-coastal and manufacturing markets [8] - Active tenant industries included commercial services, building products, and air freight and logistics [8] Company Strategy and Development Direction - The company anticipates a continued contraction in the supply pipeline, with deliveries down over 30% expected to persist into 2025 [7] - The company is focusing on airshoring and onshoring projects, which are expected to drive warehouse demand [8] - The company has entered a joint venture development partnership to construct approximately 400,000 square feet across two buildings in the Charlotte market, with a project cost of approximately $56 million [13][14] Management's Comments on Operating Environment and Future Outlook - Management noted an increase in tenant demand since the election, spanning a broad array of industries [7] - The company expects same store cash NOI growth to range between 3.5% to 4% for 2025, with retention rates projected between 70% to 75% [17] - Management expressed optimism about the acquisition market gaining momentum as the year progresses [11] Other Important Information - Acquisition volume for the fourth quarter totaled $294 million, consisting of 15 buildings with cash and straight-line cap rates of 6.2% and 6.9% respectively [10] - The company sold two buildings for aggregate proceeds of $29 million during the quarter [11] Q&A Session Summary Question: Leasing spreads and 2025 leasing expectations - Management indicated that Q4 leasing spreads were lower due to fixed-rate renewal options, but excluding those, spreads would have been 34% [22] - For 2025, management expects leasing spreads to be around 24% to 25% [23] Question: Development yields and specific asset performance - Management expects mid-6% yields for the Tampa assets and noted leasing activity in Spartanburg is increasing [28][29] Question: Impact of tariffs on tenants - Management stated there is uncertainty regarding tariffs, with tenants unsure of the impact and timing [36][38] Question: Trends in the private transaction market - Management noted a pause in the private market but expects an uptick in transaction activity as the year progresses [42][43] Question: Leasing activity post-election - Management observed a material uptick in tours and inquiries across various markets, indicating increased leasing activity [50] Question: Clarification on occupancy loss and leasing expectations - Management explained that the expected leasing for 2025 includes both new speculative leasing and renewals [55][61]

Amendment No. 1 to As filed with the Securities and Exchange Commission on September 17, 2024. Registration No. 333-281935 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 (Exact name of registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) (Primary Standard Industrial Classification Code Number) Logistic Properties of the Americas 601 Brickell Key Drive Suite 700 Miami, F ...

As filed with the Securities and Exchange Commission on September 4, 2024. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Logistic Properties of the Americas (Exact name of registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) (Primary Standard Industrial Classification Code Number) 601 Brickell Key Drive Suite 700 Miami, FL 33131 Telephone: + 506 2 ...

TABLE OF CONTENTS As filed with the Securities and Exchange Commission on December 5, 2023. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Corporación Inmobiliaria Vesta, S.A.B. de C.V. (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Paseo de los Tamarindos No. 90, Torre II, Piso 28, Col. Bosques de las Lomas Cuajimalpa, C.P. ...

TABLE OF CONTENTS Registration No. 333-272532 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 2 to Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Corporación Inmobiliaria Vesta, S.A.B. de C.V. (Exact name of Registrant as specified in its charter) Vesta Real Estate Corporation (Translation of Registrant's name into English) As filed with the U.S. Securities and Exchange Commission on June 26, 2023. United Mexican States (State or other jurisdiction of ...