The increase in electronic commerce and "nearshoring" will encourage the growth of Fibra Prologis, estimated the English bank Barclays.
Pablo Monsivais and Benjamin Theurer, analysts at the banking institution, said that these two factors continue to drive the logistics sector. So in turn, the demand for industrial real estate increases.
They added that submarkets like Tijuana and Mexico City have low single-digit vacancy rates.
Analysts highlighted that the scarcity of land and access to the electricity grid will drive the increase in the value of existing properties.
Additionally, they considered that industry competitors see access to electricity as a major challenge for new properties.
On the other hand, Fibra Prologis received an increase in the target price by Barclays, going from 59 to 60 pesos after observing the company's financial results in the fourth quarter of 2021.
The bank reiterated its recommendation to overweight the trust's securities against those of others in the real estate investment sector.
"Although macro conditions have impacted the share price, we believe it will be outweighed by industry strength," they said.
Of interest: Chinese shipowners evaluate Mexico as an investment option
In this year, the trust titles accumulated a drop of 10.48 points so far in 2022. In turn, the sectoral index fell by 5.40 percent.
Fibra Prologis announced the signing of an agreement with the private equity fund Artha Capital, to acquire an industrial portfolio of 14 buildings and land, which comprise an investment of approximately 160 million dollars, including closing costs.
Currently, the trust owns 224 real estate for logistics and manufacturing, located in six industrial markets in Mexico.
They have a total Gross Leasable Area of 42.6 million square feet or 4 million square meters.
These properties were leased to 237 clients, including logistics providers, transportation companies, retailers and manufacturers.
In Solili you can consult industrial warehouses available in Ciudad Juárez and Monterrey
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