The earnings call highlighted strong financial performance and successful integration of the Terrafina acquisition, along with robust leasing activity. However, challenges remain with geopolitical trade uncertainty and construction vacancy increases, coupled with timing issues in CapEx and asset recycling.
Company Guidance
During the FIBRA Prologis 3Q 2025 Earnings Conference Call, the company provided detailed guidance and financial metrics. They reported a 28% year-over-year increase in Funds From Operations (FFO) to $0.056 per CBFI, totaling $90 million. Adjusted Funds From Operations (AFFO) rose by 50% to $78 million. Operationally, the company leased a record 4.1 million square feet, contributing to a year-end total of 9.2 million square feet, representing 70% of 2025 expirations. The period-end and average occupancy stood at 98%, with tenant retention at 82%. The net effective rent change was 47%, and same-store Net Operating Income (NOI) grew around 15%. The company also adjusted its 2025 guidance, revising disposition expectations to between $0 and $50 million and acquisition projections to between $50 million and $100 million. Capital Expenditures (CapEx) as a percentage of NOI were adjusted to 9% to 12%. Additionally, the company mentioned improvements in sustainability metrics, with an MSCI rating upgrade from BB to BBB and an increase in Standard & Poor's Corporate Sustainability score from 55 to 60.
Strong Financial Performance
FFO increased by 28% to $0.056 per CBFI, reaching $90 million. AFFO totaled $78 million, up 50% year-over-year. Same-store NOI grew around 15%.
Robust Leasing Activity
Leased a record 4.1 million square feet, reaching 9.2 million for the year, which represents 70% of total 2025 expirations. Period end and average occupancy remains high at 98%.
Terrafina Acquisition Success
Terrafina acquisition brings rents to market and strengthens the balance sheet. A tender offer for the remaining 10% at MXN 42.5 per certificate is in progress.
ESG Improvements
MSCI rating improved from BB to BBB and Standard & Poor's Corporate Sustainability score rose from 55 to 60.
Prologis Property Mexico, S.A. de C.V. (FBBPF) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
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
Oct 28, 2025
$4.05
$3.90
-3.70%
Jul 28, 2025
$3.61
$3.53
-2.22%
Apr 29, 2025
$3.31
$3.63
+9.67%
Feb 24, 2025
$3.14
$3.17
+0.96%
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 Prologis Property Mexico, S.A. de C.V. (FBBPF) report earnings?
Prologis Property Mexico, S.A. de C.V. (FBBPF) is schdueled to report earning on Jan 21, 2026, After Close (Confirmed).
What is Prologis Property Mexico, S.A. de C.V. (FBBPF) earnings time?
Prologis Property Mexico, S.A. de C.V. (FBBPF) earnings time is at Jan 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.