{"id":13671,"date":"2020-07-22T21:31:00","date_gmt":"2020-07-22T21:31:00","guid":{"rendered":"https:\/\/wordpress2.hdnweb.com\/2020\/07\/22\/fibra-prologis-announces-second-quarter-2020-earnings-results-2\/"},"modified":"2020-07-22T21:31:00","modified_gmt":"2020-07-22T21:31:00","slug":"fibra-prologis-announces-second-quarter-2020-earnings-results-2","status":"publish","type":"post","link":"https:\/\/wordpress2.hdnweb.com\/en\/2020\/07\/22\/fibra-prologis-announces-second-quarter-2020-earnings-results-2\/","title":{"rendered":"FIBRA Prologis Announces Second Quarter 2020 Earnings Results"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-TOP:black 1pt solid; BORDER-RIGHT:black 1pt solid; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; PADDING-LEFT:0.50em; BORDER-LEFT:black 1pt solid; PADDING-RIGHT:0.50em\n}\n.prngen4{\nBORDER-TOP:1pt; BORDER-RIGHT:black 1pt solid; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; PADDING-LEFT:0.50em; BORDER-LEFT:black 1pt solid; PADDING-RIGHT:0.50em\n}\n.prngen5{\nBORDER-TOP:1pt; BORDER-RIGHT:black 1pt solid; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: RIGHT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen8{\nBORDER-TOP:1pt; BORDER-RIGHT:black 1pt solid; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen9{\nBORDER-TOP:1pt; BORDER-RIGHT:black 1pt solid; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:1.17em\n}\n.prngen10{\nBORDER-TOP:1pt; BORDER-RIGHT:black 1pt solid; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: CENTER; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen3{\nBORDER-TOP:black 1pt solid; BORDER-RIGHT:black 1pt solid; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: CENTER; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen7{\nBORDER-TOP:1pt; BORDER-RIGHT:black 1pt solid; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 1pt solid; PADDING-LEFT:0.50em; BORDER-LEFT:black 1pt solid; PADDING-RIGHT:0.50em\n}\n.prngen11{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen6{\nBORDER-TOP:1pt; BORDER-RIGHT:black 1pt solid; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prntblns{\nBORDER-TOP: 1pt; BORDER-RIGHT: 1pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">MEXICO CITY<\/span>, <span class=\"xn-chron\">July 22, 2020<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212;\u00a0FIBRA Prologis (BMV:FIBRAPL 14), a leading owner and operator of Class-A industrial real estate in <span class=\"xn-location\">Mexico<\/span>, today reported results for the second quarter of 2020. <\/p>\n<p><b>HIGHLIGHTS FROM THE QUARTER: <\/b><\/p>\n<ul type=\"disc\">\n<li>Rent collections were 97.9 percent. <\/li>\n<li>Period-end occupancy was 95.5 percent. <\/li>\n<li>Net effective rent on rollovers increased 13.2 percent. <\/li>\n<li>Weighted average customer retention was 82.6 percent. <\/li>\n<li>Same store cash NOI decreased 11.4 percent. <\/li>\n<li>Completed asset acquisitions totaled Ps.8.8 billion (<span class=\"xn-money\">US$358.5 million<\/span>).<\/li>\n<\/ul>\n<p>Net earnings per CBFI was Ps. (0.4416) (<span class=\"xn-money\">US$(0.0189)<\/span>) for the quarter compared with Ps. 0.7487 <span class=\"xn-money\">(US$0.0395)<\/span> for the same period in 2019. <\/p>\n<p>Funds from operations (FFO) per CBFI as defined by FIBRA Prologis was Ps. 0.9131 <span class=\"xn-money\">(US$0.0383)<\/span> for the quarter compared with Ps. 0.8325 <span class=\"xn-money\">(US$0.0434)<\/span> for the same period in 2019. <\/p>\n<p><b>STRONG OPERATING RESULTS CONTINUE<\/b><\/p>\n<p>&#8220;Our performance in the quarter exceeded our expectations, underscoring the resiliency of our investment strategy,&#8221; said <span class=\"xn-person\">Luis Guti<\/span><i>\u00e9<\/i>rrez, CEO, Prologis Property Mexico. &#8220;While COVID-19 continues to affect daily life, our portfolio and customers are key contributors to the supply chain that serves the stay-at-home economy. We remain cautiously optimistic in our outlook given the adoption of e-commerce and nearshoring of manufacturing operations, both of which advanced in the first half of the year and show no signs of slowing down.&#8221;<\/p>\n<p>Gutierrez added: &#8220;Despite uneven macroeconomic conditions, FIBRA Prologis was able to acquire Prologis Park Grande, the premier logistics park in <span class=\"xn-location\">Mexico City<\/span>, as well as two, urban, Last Touch\u00ae facilities. The acquisitions deepen our presence in the country&#8217;s key consumption.&#8221; <\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Operating Portfolio <\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2Q20<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>2Q19<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Notes<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Period End Occupancy<b>\u00a0<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">95.5%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">96.6%<\/span><\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><i>Three of six markets above 95%<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Leases Commenced<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">5.1 MSF<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2.0 MSF<\/span><\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><i>66% of leasing activity related to Mexico City and Guadalajara; 64% of 2020 expirations addressed in 1H 2020<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Customer Retention<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">82.6%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">85.1%<\/span><\/p>\n<\/td>\n<td class=\"prngen9\"><\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Net Effective Rent Change<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">13.2%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">16.0%<\/span><\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><i>Four of six markets recorded positive net effective rent change of at least 10%<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen7\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Same Store Cash NOI<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">-11.4%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">3.9%<\/span><\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><i>Higher concessions, the result of \u00a0longer lease terms\u00a0 along with a weaker peso and lower average occupancy partly offset by higher rents <\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Same Store NOI<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">-6.0%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">0.9%<\/span><\/p>\n<\/td>\n<td class=\"prngen9\"><\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p><b>SOLID FINANCIAL POSITION<\/b><\/p>\n<p>At <span class=\"xn-chron\">June 30, 2020<\/span>, FIBRA Prologis&#8217; leverage was 29.0 percent and liquidity was Ps. 6.6 billion (<span class=\"xn-money\">US$283.0 million<\/span>), which included Ps. 5.9 billion (<span class=\"xn-money\">US$255.0 million<\/span>) of available capacity on its unsecured credit facility and Ps. 658.0 million (<span class=\"xn-money\">US$28.4 million<\/span>) of unrestricted cash. <\/p>\n<p><b>GUIDANCE UPDATE<\/b><\/p>\n<p>&#8220;FIBRA Prologis reported solid operational and financial performance while maintaining significant liquidity,&#8221; said <span class=\"xn-person\">Jorge Girault<\/span>, senior vice president, Finance, Prologis Property Mexico. &#8220;While we have no visibility into how long the pandemic will last, we are encouraged by our performance. As a result, we are adjusting our guidance to reflect our current outlook for the second half of 2020.&#8221; <\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(US$ in million, except per CBFI amounts)<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>22.75MXN per USD<i> (average for full year)<\/i><\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Previous<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Revised<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">FFO per CBFI*<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">US$0.1400 \u2013 0.1600<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">US$0.1550 \u2013 0.1650<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Full Year 2020 Distributions per CBFI<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">US$0.097<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">US$0.097<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Year End Occupancy<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">94.0 \u2013 96.0%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">95.0 \u2013 96.0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Same Store NOI (Cash)**<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">-4.0 \u2013 1.0%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">-5.0 \u2013 -3.0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Annual Capital Expenditures as % of NOI<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">13.0 \u2013 14.0%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">13.0 \u2013 14.0%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Asset Management and Professional Fees<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">US$19.0<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">US$19.0 \u2013 21.0<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Building Acquisitions<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">US$350 \u2013 400.0<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen10\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">US$350 \u2013 400.0<\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<div>\n<table id=\"convertedTable8d1c\" cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td class=\"prngen11\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><i>*<\/i><\/b><i>Excludes the impact of foreign exchange movements<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b><i>** <\/i><\/b><i>Based in U.S. dollars<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p><b>WEBCAST &amp; CONFERENCE CALL INFORMATION<\/b><\/p>\n<p>FIBRA Prologis will host a live webcast\/conference call to discuss quarterly results, current market conditions and future outlook. Here are the event details:<\/p>\n<ul type=\"disc\">\n<li><span class=\"xn-chron\">Thursday, July 23, 2020<\/span>, at <span class=\"xn-chron\">9 a.m. CT<\/span>\/<span class=\"xn-chron\">10 a.m. ET<\/span>. <\/li>\n<li>Live webcast at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2865617-1&amp;h=870788547&amp;u=http%3A%2F%2Fwww.fibraprologis.com%2F&amp;a=www.fibraprologis.com\" rel=\"nofollow\">www.fibraprologis.com<\/a>, in the Investor Relations section, by clicking News &amp; Events. <\/li>\n<li>Dial in: +1 833 714-0919 or +1 778 560-2663 and enter Passcode 8796378.<\/li>\n<\/ul>\n<p>A telephonic replay will be available July 23\u2013July 30 at +1 800 585-8367 \u00a0from the U.S. and <span class=\"xn-location\">Canada<\/span> or at +1 416 621-4642 from all other countries using conference code 8796378. The replay will be posted in the Investor Relations section of the FIBRA Prologis website.<\/p>\n<p><b>ABOUT FIBRA PROLOGIS<\/b><\/p>\n<p>FIBRA Prologis is a leading owner and operator of Class-A industrial real estate in <span class=\"xn-location\">Mexico<\/span>. As of <span class=\"xn-chron\">June 30, 2020<\/span>, FIBRA Prologis was comprised of 201 logistics and manufacturing facilities in six industrial markets in <span class=\"xn-location\">Mexico<\/span> totaling 39.0 million square feet (3.6 million square meters) of gross leasable area.<\/p>\n<p><b>FORWARD-LOOKING STATEMENTS<\/b><\/p>\n<p>The statements in this release that are not historical facts are forward-looking statements. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which FIBRA Prologis operates, management&#8217;s beliefs and assumptions made by management.\u00a0 Such statements involve uncertainties that could significantly impact FIBRA Prologis financial results. Words such as &#8220;expects,&#8221; &#8220;anticipates,&#8221; &#8220;intends,&#8221; &#8220;plans,&#8221; &#8220;believes,&#8221; &#8220;seeks,&#8221; &#8220;estimates,&#8221; variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature.\u00a0 All statements that address operating performance, events or developments that we expect or anticipate will occur in the future \u2014 including statements relating to rent and occupancy growth, acquisition activity, development activity, disposition activity, general conditions in the geographic areas where we operate, our debt and financial position, are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) national, international, regional and local economic climates, (ii) changes in financial markets, interest rates and foreign currency exchange rates, (iii) increased or unanticipated competition for our properties, (iv) risks associated with acquisitions, dispositions and development of properties, (v) maintenance of real estate investment trust (&#8220;FIBRA&#8221;) status and tax structuring, (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings, (vii) risks related to our investments (viii) environmental uncertainties, including risks of natural disasters, (ix) risks related to the coronavirus pandemic, and (x) those additional factors discussed in reports filed with the &#8220;Comisi\u00f3n Nacional Bancaria y de Valores&#8221; and\u00a0 the Mexican Stock Exchange by FIBRA Prologis under the heading &#8220;Risk Factors.&#8221; FIBRA Prologis undertakes no duty to update any forward-looking statements appearing in this release.<\/p>\n<p>Non-Solicitation &#8211; Any securities discussed herein or in the accompanying presentations, if any, have not been registered under the Securities Act of 1933 or the securities laws of any state and may not be offered or sold in <span class=\"xn-location\">the United States<\/span> absent registration or an applicable exemption from the registration requirements under the Securities Act and any applicable state securities laws. Any such announcement does not constitute an offer to sell or the solicitation of an offer to buy the securities discussed herein or in the presentations, if and as applicable.<\/p>\n<div id=\"prni_dvprnejpg57e0left\" style=\"WIDTH: 100%; TEXT-ALIGN: left\" dir=\"ltr\"><img decoding=\"async\" id=\"prnejpg57e0left\" title=\" \" border=\"0\" alt=\" \" align=\"middle\" imagelabel=\"General\" src=\"https:\/\/mma.prnewswire.com\/media\/528012\/FIBRA__Logo.jpg\"\/><\/div>\n<p>Logo &#8211; <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2865617-1&amp;h=1183486934&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F528012%2FFIBRA__Logo.jpg&amp;a=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F528012%2FFIBRA__Logo.jpg\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/528012\/FIBRA__Logo.jpg<\/a> <\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>SOURCE  FIBRA Prologis<\/p>\n<\/div>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=EH71499&amp;Transmission_Id=202007222131PR_NEWS_HSPR_____EH71499&amp;DateId=20200722\" style=\"border:0px; width:1px; height:1px;\"\/> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">MEXICO CITY<\/span>, <span class=\"xn-chron\">July 22, 2020<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212;\u00a0FIBRA Prologis (BMV:FIBRAPL 14), a leading owner and operator of Class-A industrial real estate in <span class=\"xn-location\">Mexico<\/span>, today reported results for the second quarter of 2020. <\/p>\n<p><b>HIGHLIGHTS FROM THE QUARTER: <\/b><\/p>\n<ul type=\"disc\">\n<li>Rent collections were 97.9 percent. <\/li>\n<li>Period-end occupancy was 95.5 percent. <\/li>\n<li>Net effective rent on rollovers increased 13.2 percent. <\/li>\n<li>Weighted average&#8230;<br \/>\n","protected":false},"author":1,"featured_media":13672,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-13671","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rose-marynews"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FIBRA Prologis Announces Second Quarter 2020 Earnings Results - Multisitio 2<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wordpress2.hdnweb.com\/en\/2020\/07\/22\/fibra-prologis-announces-second-quarter-2020-earnings-results-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FIBRA Prologis Announces Second Quarter 2020 Earnings Results - Multisitio 2\" \/>\n<meta property=\"og:description\" content=\"MEXICO CITY, July 22, 2020 \/PRNewswire-HISPANIC PR WIRE\/ --\u00a0FIBRA Prologis (BMV:FIBRAPL 14), a leading owner and operator of Class-A industrial real estate in Mexico, today reported results for the second quarter of 2020. 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