Fibra Prologis, the real estate investment trust for the industrial sector, in its 3Q 2022 report, available on the Mexican Stock Exchange (BMV), maintained occupancy at historical highs, at 98.5%, given the demand for industrial real estate driven by nearshoring.

It reported income for 1,397 million pesos; the NOI closed the period at 1,221 million pesos and the FFO at 819 million pesos, which indicates that the net income and operating income (ION), as well as the operating cash flow (FFO) of Fibra Prologis grew by 14.4%, 15.5% and 12.7%, in that order, in the third quarter of the year (3Q22) compared to the same in 2021, thanks to the 7.2% increase in its leasable space and 4.8% in rent in dollars.

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“Despite global uncertainties, Mexico's logistics real estate sector continues to show strong performance. Positive operating results reflect strong demand, while supply has been unable to keep pace. We hope that 2022 will be a record year,” said the president of Prologis in Mexico, Luis Gutiérrez.

He assured that its occupation remains at historical maximums, with an average of 98.5 percent. So far this year, demand has expanded by 15.8 percent compared to the same period in 2021, over its portfolio of 228 logistics and manufacturing properties, totaling 43.4 million square feet or 4.0 million square meters of Gross Leasable Area (GLA), which are leased to 240 companies.

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“The Prologis report was very positive, since inertially an attractive increase in surface area was validated once again, in addition, the operating metrics improved (occupancy, and rent renewal in an inflationary environment), in a scenario where the sector continues to showing significant strength”, said Roberto Solano, Analysis Manager at Monex Casa de Bolsa.

He considered that by 2023, it will be key to evaluate Fibra's capital deployment for acquisitions, since it has the resources raised with the capital raising of 8,000 million pesos carried out in the third quarter of this year.

In Solili you can consult industrial warehouses available in Monterrey and Saltillo

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