Trends such as nearshoring and bottlenecks in global supply chains will continue to benefit Fibra Prologis' business, since these factors triggered a greater demand for space in its markets, which would also mean increases in rents, said Eduardo López Ponce, Analyst at Grupo Financiero Ve por Más (Bx+).

In a report, he highlighted that the good dynamics in the demand for logistics and commercial spaces helped the industrial real estate investment trust maintain high occupancy levels.

The foregoing considering that the Fibra's portfolio closed the first quarter of this year (1Q22) with an occupancy of 97.6%.

However, its properties located in markets such as Tijuana are 100% occupied, in Reynosa they reach a rate of 98.7% and in Ciudad Juárez 96.7%.

Check here: Monterrey industry reaches record figures

Meanwhile, in the markets that the Fibra classifies as consumer markets, which include the city of Guadalajara, Jalisco, Mexico City and Monterrey, Nuevo León, occupancy closed at 97%.

Eduardo López recalled that, between January and March, the leasing volume was 1.7 million square feet, with an average term for new leases of up to 48 months.

“Fibra Prologis continues to show good operating performance and attractive cash flow generation, which is why it seems positive to us, although we believe that the above could already be discounted by the market, so we would expect a positive to neutral reaction in the CBFI price ”, added the specialist in Fiber matters.

Of interest: Amazon and the scaffolding of parcel delivery in Mexico

The issuer's real estate trust certificates (CBFI), which are listed on the Mexican Stock Exchange (BMV), are exchanged among investors at a price of 51.45 pesos per unit, a level that reflects a loss of 9.08% so far of this year.

This percentage is higher than the decline shown by the sector index, the S&P/BMV Fibras, which in 2022 accumulated a drop of 3.31 %.

In Solili you can consult industrial warehouses available in Guanajuato and Querétaro

Original note