Prologis(PLD) Prnewswire·2025-04-29 21:40Core Insights - FIBRA Prologis reported a decline in net earnings per CBFI for Q1 2025, with earnings at Ps. 2.0195 (US0.3505) in Q1 2024, indicating a significant drop in profitability [2] - The company demonstrated resilience amid global trade uncertainties, supported by operational discipline and a strong balance sheet [3] Financial Performance - Funds from operations (FFO) per CBFI increased to Ps. 1.2384 (US0.0492) in Q1 2024, reflecting improved operational efficiency [2] - As of March 31, 2025, FIBRA Prologis had a leverage ratio of 22.9% and liquidity of approximately Ps. 11.2 billion (US465 million) in available capacity on its unsecured credit facility [5] Operating Metrics - The period-end occupancy rate was 98.8% and average occupancy was 98.1%, both showing slight declines from the previous year [4] - Customer retention improved significantly to 93.6% from 75.4% in the same period last year [4] - The net effective rent change was recorded at 65.2%, up from 47.7% in Q1 2024, driven by strong performance in Monterrey, Tijuana, and Mexico City [4][7] Portfolio Overview - FIBRA Prologis' portfolio as of March 31, 2025, included 507 investment properties totaling 87.0 million square feet (8.1 million square meters), with 345 logistics and manufacturing facilities across six core industrial markets in Mexico [9]