Financial Data and Key Metrics Changes - LPA's revenue increased by 12.9% to $11.8 million, while NOI grew almost 6% to $9.4 million in Q1 2025 [5][14] - Average rent per square foot increased by 1.9% across the property portfolio compared to Q1 2024 [14] - The net debt to adjusted EBITDA improved, decreasing by 30 basis points over the same period [16] Business Line Data and Key Metrics Changes - Peru, representing 29% of LPA's portfolio GLA, saw rental income grow by 38.4% [15] - Costa Rica, accounting for 47% of the portfolio, experienced a revenue increase of 6.1% [15] - Colombia, which makes up 24% of the portfolio, delivered a 2.6% revenue increase [15] Market Data and Key Metrics Changes - Peru's economic environment is characterized by low inflation, minimal government debt, and low unemployment, contributing to strong consumer spending [5][6] - Mexico is viewed as a long-term growth avenue, with a focus on logistics rather than light manufacturing due to tariff uncertainties [10][12] Company Strategy and Development Direction - LPA plans to increase its footprint in Lima with a new 215,000 square foot building, which is already 73% pre-leased [7] - The company aims to replicate its success in Mexico while being selective in investments due to potential tariff impacts [10][12] - LPA maintains a disciplined approach to investment, focusing on logistics space driven by domestic consumption [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of foundational markets and the potential for additional NOI growth in 2025 [26] - The company is focused on high-quality customers and investments to scale its regional platform [26] - Management noted that tariffs have not significantly impacted operations in foundational markets, which are primarily consumer-driven [22] Other Important Information - LPA's entire operating portfolio reached 100% occupancy, marking a significant milestone [7] - The company has a healthy maturity profile with no significant debt due in the near term [16] - LPA repurchased $800,000 worth of ordinary shares during the quarter, totaling 2.1 million in buybacks [16] Q&A Session Summary Question: Is LPA shying away from light manufacturing in Mexico? - Management indicated a preference for logistics assets in Mexico while remaining selective about light manufacturing due to current uncertainties [21] Question: Are tenants still in a wait-and-see mode regarding tariffs? - Management noted that foundational markets are mostly consumer-driven, and tariffs have not significantly affected leasing activity [22][23]

Market Overview - The first week of April 2025 experienced significant market volatility due to rapidly changing tariff policies, leading to a historic swing in stock prices [1] - The S&P 500 saw one of its highest single-day gains on April 9, 2025, following the announcement of a 90-day pause on most tariffs by the Trump administration [1] Investment Opportunities - High-yield dividend stocks have been trading at a discount amid increased market volatility, presenting potential opportunities for investors [3] - Prologis, a leading logistics real estate company, has a dividend yield of 4.26% and a strong annualized three-year dividend growth rate of 15.1%, despite a 10% year-to-date dip [4][5] - Kinder Morgan, an energy infrastructure giant, has a dividend yield of 4.35% and has seen a 41% rally over the past year, despite a recent dip of over 3% [8][9] - Verizon Communications, the largest provider of mobile and telephone services in the U.S., offers a dividend yield of 6.20% and is considered insulated from tariff impacts [11][13] Company Performance - Prologis shares fell nearly 6% in the five trading days leading to April 10, 2025, contributing to a year-to-date decline of nearly 10% [6] - Kinder Morgan's executives raised adjusted EPS and EBITDA guidance for 2025, indicating strong growth potential despite a recent earnings miss [10] - Verizon's stock dipped over 4% in the five days leading to April 10, but analysts see more than 9% upside potential, rating it a Moderate Buy [12][14] Analyst Sentiment - Nearly two-thirds of analysts rate Prologis a Buy, with a consensus price target nearly 35% above current levels [7] - Kinder Morgan is rated a Moderate Buy with a consensus price target of $29.64, indicating a potential upside of 15.62% [10] - Verizon is also rated a Moderate Buy, with a consensus price target of $46.92, suggesting it may be undervalued [14]

About Prologis The world runs on logistics. At Prologis, we don't just lead the industry, we define it. We create the intelligent infrastructure that powers global commerce, seamlessly connecting the digital and physical worlds. From agile supply chains to clean energy solutions, our ecosystems help your business move faster, operate smarter and grow sustainably. With unmatched scale, innovation and expertise, Prologis is a category of one–not just shaping the future of logistics but building what comes nex ...

Core Viewpoint - First Industrial Realty Trust, Inc. will announce its first quarter 2025 results on April 16, 2025, and host a conference call on April 17, 2025, to discuss these results [1][2]. Company Overview - First Industrial Realty Trust, Inc. is a leading U.S.-only owner, operator, developer, and acquirer of logistics properties, focusing on high-quality facilities and customer service for multinational corporations and regional firms [3]. - The company owns and has under development approximately 69.5 million square feet of industrial space as of December 31, 2024, with investments concentrated in 15 target metropolitan statistical areas (MSAs) [3].

Investor Presentation March 2025 Forward-looking statements The statements in this document that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which we operate as well as management's beliefs and assumptions. Such statements invo ...

Company Overview - Prologis, Inc. will participate in the Citi 2025 Global Property CEO Conference, with key executives including Hamid Moghadam, Dan Letter, and Tim Arndt presenting [1][2] - The company will provide an overview of market conditions and future outlook, followed by a Q&A session on March 3, 2025 [2] Events and Presentations - Tim Arndt will also present at the Raymond James & Associates' 46th Annual Institutional Investors Conference on March 4, 2025 [2] - Both presentations will be available via live audio webcast [3] Company Mission and Vision - Prologis emphasizes its role in defining the logistics industry, focusing on creating intelligent infrastructure that connects digital and physical worlds [4] - The company aims to enhance supply chains and promote clean energy solutions, positioning itself as a leader in logistics innovation [4]