FIBRA Prologis reports 40.8% rent growth in second quarter 2026

Mexico industrial landlord posted 95.8% period-end occupancy, 13.1% same-store cash NOI growth and US$0.0613 in FFO per CBFI, while net earnings per CBFI turned negative from a year earlier.

Summary

FIBRA Prologis reported second-quarter 2026 results showing 40.8% net effective rent change on rollover, 95.8% period-end occupancy, 96.1% average occupancy and 60.8% customer retention. Same-store cash NOI rose 13.1%, while same-store net effective NOI increased 8.8%. Net earnings per CBFI were negative US$0.0285, compared with US$0.0915 in the same period of 2025, and funds from operations, as modified by FIBRA Prologis, increased to US$0.0613 per CBFI from US$0.0585. As of June 30, 2026, leverage stood at 24.7% and liquidity was about US$1.1 billion, including US$1.0 billion available on an unsecured credit facility and US$146 million in unrestricted cash.

Terms & Concepts
  • NOI: Net operating income from properties
  • FFO: Funds from operations, a real estate cash-flow metric
  • CBFI: Trust certificate units issued by a FIBRA