FIBRA Prologis to Host Fourth Quarter 2024 Earnings Conference Call February 25
Thursday, Jan 23, 2025 1:09 pm ET
2min read FIBRA Prologis (BMV: FIBRAPL 14), a leading owner and operator of Class-A industrial real estate in Mexico, is set to host its fourth quarter 2024 earnings conference call on February 25. The call, scheduled for 12:00 p.m. ET, will provide investors and analysts with an update on the company's financial performance and strategic initiatives for the quarter and the year ahead.
In the lead-up to the call, investors will be eager to hear about the company's progress in its strategic capital recycling efforts, which have contributed significantly to its overall financial performance and growth prospects. FIBRA Prologis contributed $2 billion of assets to its strategic capital ventures in 2024, bringing the full-year total to over $3.3 billion. This capital recycling strategy has allowed the company to raise over $1.7 billion in capital flows, despite challenging market conditions in 2024. The company's net effective lease mark-to-market finished the year at 30%, representing a further $1.4 billion of incremental NOI. Additionally, FIBRA Prologis' net effective and cash same-store growth during the quarter were 6.6% and 6.7%, respectively, indicating strong performance and growth prospects.
Investors will also be interested in the company's outlook for 2025, given the market trends and leasing activity observed in the fourth quarter. Prologis, the U.S.-based parent company of FIBRA Prologis, recently reported strong leasing activity, signing more than 60 million square feet of leases during the quarter, a company record. This activity diversified across customer profile, size requirements, and markets, with average occupancy at 95.8% for the quarter and 96.3% for the year. Net effective rent change during the quarter was 66%, adding over $340 million in annualized NOI. Net effective lease mark-to-market finished the year at 30%, representing a further $1.4 billion of incremental NOI.
FIBRA Prologis' focus on Class-A industrial real estate in Mexico positions it to capitalize on regional economic growth and trends. The company's portfolio of Class-A properties caters to the growing demand for high-quality logistics and manufacturing facilities, providing modern, efficient, and strategically located facilities that attract multinational firms and third-party logistics providers (3PLs). FIBRA Prologis' properties are located in key markets with strong transportation infrastructure, making them attractive to businesses looking to optimize their supply chain operations. The company's diversified customer base and strategic acquisitions and developments have contributed to its strong financial performance and growth prospects.
In conclusion, FIBRA Prologis' fourth quarter 2024 earnings conference call is expected to provide valuable insights into the company's financial performance, strategic initiatives, and outlook for 2025. Investors will be eager to hear about the company's progress in capital recycling, leasing activity, and regional economic trends, as well as its plans for continued growth and expansion. As a leading owner and operator of Class-A industrial real estate in Mexico, FIBRA Prologis is well-positioned to capitalize on regional economic growth and trends, and its strong financial performance and growth prospects make it an attractive investment opportunity for investors seeking exposure to the Mexican industrial real estate sector.
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