MEXICO CITY, Feb. 23, 2026 /PRNewswire/ — FIBRA Prologis (BMV:FIBRAPL), a leading owner and operator of Class-A industrial real estate in Mexico, today reported results for the fourth quarter and full year 2025.
HIGHLIGHTS FROM THE YEAR:
- Increased FIBRA Terrafina ownership to 99.8%.
- Net effective rents on rollover were 59.1 percent.
- Period-end and average occupancy were 97.0 and 97.8 percent, respectively.
- Customer retention was 82.6 percent.
- Same store cash NOI was 6.4 percent.
- Acquired US$67million of Class-A properties.
- First international bond issuance for $500 million.
- Installed 21 MW of solar capacity.
Net earnings per CBFI was Ps. 2.0887 (US$0.1123) for the quarter compared with Ps. 3.8692 (US$0.1816) for the same period in 2024. For the full year 2025, net earnings per CBFI was Ps. 6.9148 (US$0.3565) compared with Ps. 17.1978 (US$0.9136) for the same period in 2024.
Funds from operations (FFO), as modified by FIBRA Prologis per CBFI, was Ps. 1.0533 (US$0.0583) for the quarter compared with Ps. 0.9740 (US$0.0488) for the same period in 2024. For the full year 2025, FFO per CBFI was Ps.4.4854 (US$0.2339) compared with Ps. 3.4507 (US$0.1943) for the same period in 2024.
SOLID OPERATING RESULTS
“Despite global uncertainties, 2025 was another exceptional year for FIBRA Prologis, reflecting strong execution, disciplined growth and the resilience of a well thought strategy,” said Héctor Ibarzábal, CEO of FIBRA Prologis. “We delivered high occupancy and strong rent growth, fully integrated Terrafina, strengthened our balance sheet and advanced our sustainability leadership. As we transition leadership, I am confident in our strategy, fundamentals and our ability to continue delivering long-term value for our shareholders”.
|
Operating Portfolio |
2025 |
2024 |
4Q25 |
4Q24 |
4Q25 Notes |
|
Period End Occupancy |
97.0 % |
98.3 % |
97.0 % |
98.3 % |
Five markets above 96%. |
|
Average Occupancy |
97.8 % |
98.1 % |
96.9 % |
98.1 % |
Above 96.5% since 2Q21. |
|
Leases Commenced |
11.4 MSF |
4.3 MSF |
2.2 MSF |
1.0 MSF |
|