FIBRA Prologis Financial Results.

FIBRA Prologis Reports Strong Operational Performance and Significant Growth in Net Earnings

FIBRA Prologis, a prominent operator of Class-A industrial properties in Mexico, has announced impressive financial results for the fourth quarter and full year of 2023. The company reported strong operational performance, with net effective rents on rollover surging by 41.8%. Additionally, FIBRA Prologis maintained high occupancy rates, with period-end and average rates standing at 99.8% and 99.0%, respectively. The company also achieved a robust customer retention rate of 84.3%. This strong operational performance contributed to a 9.4% increase in same-store cash net operating income (NOI) over the year.