Fibra Prologis, on October 20, will publish the financial results for the third quarter of 2021 and will discuss quarterly results, as well as market conditions and the future outlook of the company in the traditional webcast.

Analysts expect it to be a positive report, as the company will continue to benefit from the demand for logistics spaces given the growing market for online commerce in Mexico.

The company is expected to continue reporting stable figures and benefiting from the demand for logistics spaces given the growing market for online commerce in Mexico.

Another point in favor stands out as a result of the reconfiguration that border trade is registering with the so-called “nearshoring” based on the opportunities that the Trade Agreement has unleashed between Mexico, the United States and Canada.

Check here: Demand for industrial spaces is growing solidly

"We believe that Fibra Prologis is the company best positioned to take advantage of electronic commerce, in addition to benefiting from" nearshoring ", since the strategic location of its portfolio makes it a possible main beneficiary of the boom in these activities," said Pablo Monsivais, Barclays analyst.

He explained that among the expectations is that he remains active in the acquisitions of land banks and expects to see at least investments for 70 million dollars in mergers and acquisitions by the second quarter of 2021.

Fibra Prologis' property portfolio contained 206 properties for logistics and manufacturing located in six industrial markets in Mexico, such as Monterrey, Mexico City and Tijuana, with a total gross profitable area of 3.7 million square meters.

Of interest: Technological advances that will be incorporated by the distribution centers in Mexico

Revenues for the second quarter were 1,203 million pesos, which represents an annual fall of 1.7%, this mainly explained by the percentage difference in customer retention.

Another factor that is added has to do with the rental concessions to its tenants that began as of the third quarter of 2020.

At the end of the quarter, revenues denominated in dollars represented 62.9% of the total.

In Solili you can consult industrial warehouses available in Guadalajara, Ciudad Juárez and Saltillo

Original note