FIBRA Prologis (FBBPF)
OTHER OTC:FBBPF
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Earnings Data
Report Date
Jul 21, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.07Last Year’s EPS
0.1Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a plurality of operational and strategic positives — double-digit same-store NOI growth, high occupancy (~97%), substantial mark-to-market (~30%+) and large net effective rent gains (~60%), successful integration and rent uplift from Terrafina, a conservative balance sheet and a tightened development pipeline. Offsetting these strengths are near-term headwinds: net absorption below 2025 averages (4.3M sq ft), a 70 bps rise in vacancy to 6.8%, moderation in Mexico City e-commerce demand and tariff-related softness in some border markets, plus flat FFO year-over-year. Overall, the positives (solid NOI growth, re-leasing upside, balance-sheet strength and strategic actions) materially outweigh the near-term operational softness and timing-related disposition uncertainty.Company Guidance
Same-Store NOI Growth
Same-store cash NOI increased 9.9% and same-store GAAP NOI increased 10.7% year-over-year, reflecting strong rental and operational performance across the portfolio.
High Occupancy and Leasing Activity
Period-end and average occupancy were around 97%; leasing activity totaled 3.6 million square feet for the quarter, supporting stable occupancy levels and cash flow.
Significant Mark-to-Market and Net Effective Rent Gains
Net effective rent change for the quarter and 12 months was close to 60%; the portfolio's mark-to-market stands above 30% (cited ~30–33%), enabling revenue growth without additional capital investment.
Terrafina Integration and Re-leasing Upside
Integration of Terrafina into FIBRA Prologis balance sheet is delivering value: re-leasing activity produced rent increases reported around 40–45% in the Terrafina/non-core portfolio, demonstrating meaningful upside from asset improvement and repositioning.
Stable FFO/AFFO and In-line Cash Flow
FFO for the quarter was $99.6 million ($0.06 per certificate), essentially flat year-over-year; AFFO was approximately $80 million, in line with company expectations.
Conservative Financial Position and Strategic Capital Actions
Company emphasized a conservative financial profile with a healthy loan-to-value ratio, continued extension of debt maturities, an investment-grade rating and actions to lower cost of capital; launched a tender offer for FIBRA Macquarie as part of strategic value creation.
Tighter Supply Pipeline Supporting Fundamentals
Deliveries were 9 million square feet, 24% lower than the 2025 average; the development pipeline has declined to roughly half of the 2023 peak, which supports expected stabilization of vacancy and market dynamics.
Strong Long-Term Shareholder Returns
Since IPO (June 2014) the company reported approximately 490% total return (about 16% annually), underscoring long-term track record and value creation.
FBBPF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FBBPF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $4.74 | $4.75 | +0.21% |
Feb 23, 2026 | $4.86 | $4.64 | -4.45% |
Oct 28, 2025 | $3.80 | $3.66 | -3.74% |
Jul 28, 2025 | $3.38 | $3.32 | -2.04% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does FIBRA Prologis (FBBPF) report earnings?
FIBRA Prologis (FBBPF) is schdueled to report earning on Jul 21, 2026, After Close (Confirmed).
What is FIBRA Prologis (FBBPF) earnings time?
FIBRA Prologis (FBBPF) earnings time is at Jul 21, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FBBPF EPS forecast?
FBBPF EPS forecast for the fiscal quarter 2026 (Q2) is 0.07.