On July 19, Fibra Prologis will publish its results for the second quarter of this year, so double-digit growth in revenues and operating cash flow is expected, however, a drop in profits will not surprise.

In an analysis, Banorte strategists anticipate a 12.3% increase in income for the months of April to June of this year compared to the same months of 2021; as well as an 11.1% advance in EBITDA.

Check here: Industrial construction in Monterrey closes 2Q 2022 at 1.4 million m²

However, the red numbers will be reflected in the net profit of the investment trust in industrial real estate, estimating a contraction of 68.6% compared to the same period last year.

"Fibra Prologis would benefit from the resilience in manufacturing, e-commerce and nearshoring strategies implemented in search of efficiencies and lower costs," the report indicates.

He adds that the economic situation in Mexico was still recovering during the second quarter of the year, although it was clearly decelerating. In this period, the strength in industry stood out, particularly in manufacturing and construction.

Of interest: Greater increases in industrial rental prices are projected for the remainder of 2022

However, “an environment of high inflation remains, exacerbated by the war in Ukraine and the lockdowns in China. The foregoing continues to impact the dynamics in the prices of energy and some raw materials and food, along with the disruptions in the supply chains”.

Therefore, "the challenges in the environment will significantly affect the cost structure of some sectors, although the pricing strategies and the strict cost control implemented should mitigate, to a certain extent, the impact on margins," the specialists indicated. .

In Solili you can consult industrial buildings in Monterrey, Tijuana y Guadalajara

Original note