The Mexico City-based industrial real estate operator navigated a complex quarter characterized by a cooling in customer retention, which fell to 60.8 percent from 86.0 percent in the prior-year period. Occupancy rates also saw a slight contraction, ending the quarter at 95.8 percent, down from 97.7 percent in the second quarter of 2025. However, net effective rents on rollover climbed by 40.8 percent, bolstered by strong performance in Mexico City and Tijuana.
FIBRA Prologis Reports Mixed Q2 2026 Results Amid Market Shifts
FIBRA Prologis reported net earnings of negative US$0.0285 per CBFI for the second quarter of 2026, a sharp decline from the US$0.0915 recorded during the same period last year. Despite the earnings dip, the firm maintained a resilient operating performance with 13.1 percent growth in same-store cash NOI.
CEO Jorge Girault highlighted the company's focus on high-quality assets and disciplined operations despite the dynamic market environment. The firm enters the second half of the year with a solid financial foundation, reporting US$1.1 billion in liquidity. New leasing activity remains active, totaling 2.3 million square feet, with notable demand concentrated in Juarez. The company continues to manage a vast portfolio spanning 87.3 million square feet across Mexico.
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