HR Rating estimates that it will reach a total of 44.2 million square feet from the 40.3 million reported at the end of the third quarter of this year.

With the acquisition of projects under development, Fibra Prologis will register a 9.7% growth in its gross profitable area in 2026, to reach a total of 44.2 million square feet from the 40.3 million reported at the end of the third quarter of this year.

This was estimated by the credit risk rating agency HR Rating in a report in which it ratified the credit notes with "AAA" quality for the real estate investment trust (Fibra) of the industrial sector with a "Stable" outlook.

Of interest: The advantages of Mexico to detonate its industrial market

"The ratification of the ratings for Fibra Prologis is based on operational stability, which has been reflected in the generation of free cash flow and a stable margin in its net operating income (NOI)," stated the rating agency in its analysis.

With this perspective, it is anticipated that the cash flow of the real estate company will grow at an average annual growth rate of 3.2%, equivalent to 3,309 million pesos by 2026. As a reference, it is indicated that in 2020 this was 2,809 million pesos .

Regarding the load factor, HR Rating estimated that the strong demand in the markets in which Fibra operates, coupled with the scarcity of land in Mexico City and border markets, will boost this metric at levels of 97.7 percent.

Check here: Mexican companies anticipate interruptions due to supply chain crises

While it estimates that the rent per square foot will lead to an annual increase of 5.2% in its income, to 6,296 million pesos by 2026.

Fibra Prologis acquires the real estate assets that are developed by the US industrial profile real estate firm Prologis Inc., which in turn owns 46.8% of Fibra Prologis.

"The foregoing gives Fibra Prologis access to a portfolio of real estate assets in strategic locations, in addition to giving it access to financing with international banks and the network of global clients of Prologis Inc", considered HR Rating.

In Solili you can consult industrial warehouses available in Ciudad Juárez, Monterrey and Tijuana

Original note