FIBRA Prologis, a major operator of Class-A industrial real estate in Mexico, has reported its financial results for the second quarter of 2025. The company achieved record net effective rents on rollover at 68 percent and maintained high occupancy rates, with period-end and average occupancy at 97.7 percent and 98.2 percent, respectively. Customer retention stood at 86 percent.
Net earnings per CBFI reached Ps. 1.8021 (US$0.0915), an increase from Ps. 0.7770 (US$0.0470) during the same period last year. Funds from operations (FFO), as modified by FIBRA Prologis per CBFI, were Ps. 1.1634 (US$0.0585), compared to Ps0.8112 (US$0.0485) in the previous year.
“In the first half of the year, we delivered strong financial results and strong operational outperformance. Amid trade headwinds and evolving market dynamics, our strategic focus on resilient consumption-driven hubs and disciplined execution continues to drive sustainable growth and long-term value for our stakeholders,” said Héctor Ibarzábal, CEO of FIBRA Prologis.
Leasing activity was concentrated mainly in Mexico City and Guadalajara, with leases commenced totaling 2.1 million square feet for the quarter—up from 1.3 million square feet in the prior year’s second quarter. Net effective rent change was led by Monterrey, Mexico City, and Juarez.
As of June 30, 2025, FIBRA Prologis reported leverage at 22.8 percent and liquidity of approximately Ps. 21.5 billion (US$1.1 billion). This includes available capacity on its unsecured credit facility totaling Ps. 19.7 billion (US$1 billion) and unrestricted cash of Ps. 1.8 billion (US$97 million).
The company also updated its guidance for full-year funds from operations per CBFI to a range between US$0.2200 and US$0.2400.
A live webcast and conference call to discuss these results is scheduled for July 29, with details available on the company’s Investor Relations website or by phone using passcode 4603995.
FIBRA Prologis owns a portfolio that includes 507 investment properties totaling 87 million square feet across six core industrial markets in Mexico as well as non-strategic assets in other locations.
The company cautioned that forward-looking statements are subject to risks including economic conditions, competition for properties, changes in financing availability or interest rates, tax considerations related to maintaining FIBRA status, environmental uncertainties such as natural disasters or pandemics, among others discussed in regulatory filings with Mexican authorities.
More information can be found at https://www.prnewswire.com/news-releases/fibra-prologis-announces-second-quarter-2025-earnings-results-302515129.html
