FIBRA Prologis Reports Second Quarter 2026 Earnings
FIBRA Prologis announced its financial results for the second quarter of 2026. The report details key metrics including occupancy rates, rental income, and funds from operations.
MEXICO CITY – FIBRA Prologis, an owner and operator of Class-A industrial real estate in Mexico, reported its financial results for the second quarter of 2026 on July 23, 2026. The company's earnings statement revealed notable shifts in leasing activity and financial performance.
During the quarter, net effective rents on rollover reached 40.8 percent, a decrease from 68.0 percent in the same period last year, primarily driven by increases in Mexico City and Tijuana. Overall occupancy at period-end stood at 95.8 percent, with average occupancy at 96.1 percent, down from 97.7 percent and 98.2 percent, respectively, in the prior year.
Customer retention rates saw a significant decline, dropping to 60.8 percent from 86.0 percent in the comparable period last year. However, same-store cash Net Operating Income (NOI) increased by 13.1 percent, partly attributed to rent changes. CEO Jorge Girault stated that despite a dynamic market, the company's high-quality portfolio and strategic presence in Mexico's leading industrial markets position it well for the long term.
Funds from Operations (FFO) per CBFI (Certificado Bursátil Fiduciario Inmobiliario) were $0.0613, an improvement from $0.0585 in the previous year. Conversely, net earnings per CBFI were negative at $(0.0285), compared to $0.0915 in the second quarter of 2025. As of the end of June 2026, FIBRA Prologis maintained approximately $1.1 billion in liquidity, including $1 billion in available capacity on its unsecured credit facility.