FIBRA Prologis Announces First Quarter 2025 Earnings Results
FIBRA Prologis Announces First Quarter 2025 Earnings Results |
| [29-April-2025] |
MEXICO CITY, April 29, 2025 /PRNewswire/ -- FIBRA Prologis (BMV:FIBRAPL 14), a leading owner and operator of Class-A industrial real estate in Mexico, today reported results for the first quarter 2025. HIGHLIGHTS FROM THE QUARTER:
Net earnings per CBFI was Ps. 2.0195 (US$0.0985) for the quarter compared with Ps. 6.1383 (US$0.3505) for the same period in 2024. Funds from operations (FFO), as modified by FIBRA Prologis per CBFI, was Ps. 1.2384 (US$0.0609) for the quarter compared with Ps. 0.8416 (US$0.0492) for the same period in 2024. SOLID OPERATING RESULTS "In a time of global trade uncertainty, FIBRA Prologis continues to demonstrate impressive resilience—underpinned by operational discipline, a fortress balance sheet, and our strategic positioning in the best logistics real estate markets in Mexico. Our results reflect a consistent focus on execution and long-term value creation for our shareholders," said Héctor Ibarzábal, CEO of FIBRA Prologis.
As a reminder, FIBRA Terrafina was managed by a third party through November 30, 2024. As such, some metrics only include FIBRA Terrafina activity after December 1, 2024. FINANCIAL POSITION As of March 31, 2025, FIBRA Prologis' leverage was 22.9 percent and liquidity was approximately Ps. 11.2 billion (US$546 million), which included Ps. 9.5 billion (US$465 million) of available capacity on its unsecured credit facility and Ps. 1.7 billion (US$81 million) of unrestricted cash. WEBCAST & CONFERENCE CALL INFORMATION FIBRA Prologis will host a live webcast/conference call to discuss quarterly results, current market conditions and future outlook. Here are the event details:
A telephonic replay will be available April 30 - May 7 at +1 800 770 2030 from the U. S. and Canada or at +1 647 362 9199 from all other countries using conference code 4603995. The replay will be posted in the Investor Relations section of the FIBRA Prologis website. ABOUT FIBRA PROLOGIS FIBRA Prologis is a leading owner and operator of Class-A industrial real estate in Mexico. As of March 31, 2025, the company's portfolio comprised 507 Investment Properties, totaling 87.0 million square feet (8.1 million square meters). This includes 345 logistics and manufacturing facilities across 6 industrial core markets in Mexico, comprising 65.5 million square feet (6.1 million square meters) of Gross Leasing Area (GLA) and 162 buildings with 21.5 million square feet (1.9 million square meters) of non-strategic assets in other markets. FORWARD-LOOKING STATEMENTS The statements in this release that are not historical facts are forward-looking statements. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which FIBRA Prologis operates, management's beliefs and assumptions made by management. Such statements involve uncertainties that could significantly impact FIBRA Prologis financial results. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future — including statements relating to rent and occupancy growth, acquisition activity, development activity, disposition activity, general conditions in the geographic areas where we operate, expected distributions, and our debt and financial position, are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) national, international, regional and local economic climates, (ii) changes in financial markets, trade relations, interest rates and foreign currency exchange rates, (iii) increased or unanticipated competition for our properties, (iv) risks associated with acquisitions, dispositions and development of properties, (v) maintenance of real estate investment trust ("FIBRA") status and tax structuring, (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings, (vii) risks related to our investments (viii) environmental uncertainties, including risks of natural disasters, (ix) risks related to global pandemics, and (x) those additional factors discussed in reports filed with the "Comisión Nacional Bancaria y de Valores" and the Mexican Stock Exchange by FIBRA Prologis under the heading "Risk Factors." FIBRA Prologis undertakes no duty to update any forward-looking statements appearing in this release. Non-Solicitation - Any securities discussed herein or in the accompanying presentations, if any, have not been registered under the Securities Act of 1933 or the securities laws of any state and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act and any applicable state securities laws. Any such announcement does not constitute an offer to sell or the solicitation of an offer to buy the securities discussed herein or in the presentations, if and as applicable.
SOURCE FIBRA Prologis | ||||||||||||||||||||||||||||||||||
Company Codes: Mexico:FIBRAPL14 |
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