{"id":74047,"date":"2020-01-22T19:42:00","date_gmt":"2020-01-22T22:13:00","guid":{"rendered":"https:\/\/hispanicprwire.com\/english-fibra-prologis-announces-fourth-quarter-and-full-year-2019-earnings-results\/"},"modified":"2020-01-22T20:45:02","modified_gmt":"2020-01-23T00:45:02","slug":"fibra-prologis-anuncia-sus-resultados-financieros-del-cuarto-trimestre-y-del-ano-2019","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/fibra-prologis-anuncia-sus-resultados-financieros-del-cuarto-trimestre-y-del-ano-2019\/","title":{"rendered":"FIBRA Prologis Announces Fourth Quarter and Full Year 2019 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.prngen8{\nBORDER-TOP:1pt; BORDER-RIGHT:black 1pt solid; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 1pt solid; PADDING-RIGHT:0.50em\n}\n.prngen6{\nBORDER-TOP:1pt; BORDER-RIGHT:black 1pt solid; VERTICAL-ALIGN: TOP; 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: TOP; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: CENTER; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen5{\nBORDER-TOP:1pt; BORDER-RIGHT:black 1pt solid; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: RIGHT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen4{\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.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: BOTTOM; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: RIGHT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:1.17em\n}\n.prntblns{\nBORDER-TOP: 1pt; BORDER-RIGHT: 1pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt\n}\n.prnsbbs{\nBORDER-BOTTOM:black 1pt solid\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnsbl1{\nBORDER-LEFT:1pt\n}\n.prnrbrs{\nBORDER-RIGHT:black 1pt solid\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnsbt1{\nBORDER-TOP:1pt\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnvat{\nVERTICAL-ALIGN: TOP\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">MEXICO CITY<\/span>, <span class=\"xn-chron\">Jan. 22, 2020<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; FIBRA 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 fourth quarter and full year 2019. <\/p>\n<p><b>HIGHLIGHTS FROM THE YEAR: <\/b><\/p>\n<ul type=\"disc\">\n<li>Period-end occupancy was 97.6 percent. <\/li>\n<li>Net effective rents on rollover increased 11.0 percent. <\/li>\n<li>Weighted average customer retention was 88.7 percent. <\/li>\n<li>Same store cash NOI grew 3.1 percent. <\/li>\n<li>Completed asset dispositions totaled <span class=\"xn-money\">US$72.0 million<\/span>. <\/li>\n<li>Completed asset acquisitions totaled <span class=\"xn-money\">US$5.1 million<\/span>.<\/li>\n<\/ul>\n<p>Net earnings per CBFI was Ps. 0.8332 <span class=\"xn-money\">(US$0.0419)<\/span> for the fourth quarter compared with Ps. 1.3768 <span class=\"xn-money\">(US$0.0686)<\/span> for the same period in 2018. For the full year 2019, net earnings per CBFI was Ps. 3.3358 <span class=\"xn-money\">(US$0.1719)<\/span>.<\/p>\n<p>Funds from operations (FFO) per CBFI was Ps. 0.7465 <span class=\"xn-money\">(US$0.0374)<\/span> for the fourth quarter compared with Ps. 0.7782 <span class=\"xn-money\">(US$0.0385)<\/span> for the same period in 2018. For the full year 2019, FFO per CBFI was Ps. 2.9557 <span class=\"xn-money\">(US$0.1519)<\/span>.<\/p>\n<p>In the fourth quarter, FIBRA Prologis recognized a <span class=\"xn-money\">US$4.1 million<\/span> charge related to non-recoverable taxes. Approximately half was VAT and the remainder was withholding tax related to interest payments. Both charges are non-recurring. FIBRA Prologis is working with the counterparty of the withholding tax payments on a possible future recovery. \u00a0\u00a0<\/p>\n<p><b>STRONG OPERATING RESULTS CONTINUE<\/b><\/p>\n<p>&#8220;2019 was another great year for FIBRA Prologis,&#8221; said <span class=\"xn-person\">Luis Gutierrez<\/span>, CEO, Prologis Property Mexico. &#8220;We delivered excellent organic growth \u2013 driving rents 11 percent higher at expiration \u2013 and year-end occupancy reached a new record. We also acquired our first urban, Last Touch\u00ae\u00a0facility in <span class=\"xn-location\">Mexico City<\/span>, which is key to staying ahead of fast expanding world of e-commerce and the consumers who increasingly choose online retail over traditional brick-and-mortar.&#8221;<\/p>\n<p>Gutierrez added: &#8220;We expect FIBRA Prologis to continue to outperform in 2020 as our occupancy is running at peak levels, customer activity is robust, light manufacturing remains strong and logistics trends continue to emphasize proximity to consumers which aligns with our investment strategy.&#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>4Q19<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>4Q18<\/b><\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Notes<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td 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\">97.6%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">97.4%<\/span><\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><i>Four of our six markets above 98%<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Leases Commenced<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2.7 MSF<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1.8 MSF<\/span><\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><i>68% of leasing activity related to Guadalajara and Reynosa<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td 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\">91.0%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">68.0%<\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\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\">13.9%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">13.5%<\/span><\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><i>Led by Guadalajara and Mexico City<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Cash Same Store NOI<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2.5%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">-2.1%<\/span><\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><i>Higher rents and lower bad debt partly offset by higher expenses and real estate taxes<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td 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\">3.7%<\/span><\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">-1.9%<\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p><b>SOLID FINANCIAL POSITION<\/b><\/p>\n<p>At <span class=\"xn-chron\">December 31, 2019<\/span>, FIBRA Prologis&#8217; leverage was 32.2 percent and liquidity was Ps. 6.3 billion (<span class=\"xn-money\">US$335.0 million<\/span>), which included Ps. 6.1 billion (<span class=\"xn-money\">US$325.0 million<\/span>) of available capacity on its unsecured credit facility and Ps. 183.0 million (<span class=\"xn-money\">US$10.0 million<\/span>) of unrestricted cash. <\/p>\n<p><b>GUIDANCE ESTABLISHED FOR 2020<\/b><\/p>\n<p>&#8220;At the midpoint of the range, we project solid FFO growth while maintaining occupancy,&#8221; said <span class=\"xn-person\">Jorge Girault<\/span>, senior vice president, Finance, Prologis Property Mexico. &#8220;We are confident in our ability to deliver positive results given the embedded rent upside in our portfolio, our strong balance sheet and our best-in-class real estate team.&#8221; <\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen2\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>(US$ in million, except per CBFI amounts)<\/b><\/span><\/p>\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>FX = Ps$19.5 per US$1.00<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>Low<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><b>High<\/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 class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">FFO per CBFI<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">US$0.1700<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">US$0.1775<\/span><\/p>\n<\/td>\n<td class=\"prnsbt1 prnrbrs prnvat prnsbbs prntal prnpl6 prnsbl1 prnpr6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><i>Excludes the impact of foreign exchange movements and any potential incentive fee<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Full Year 2020 Distributions per CBFI<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">US$0.1240<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">US$0.1240<\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Year End Occupancy<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">96.0%<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">97.0%<\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Same Store NOI (Cash)<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">1.5%<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">2.5%<\/span><\/p>\n<\/td>\n<td class=\"prnsbt1 prnrbrs prnvab prnsbbs prntal prnpl6 prnsbl1 prnpr6\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><i>Based in U.S. dollars<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Annual Capital Expenditures as % of NOI<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">14.0%<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">15.0%<\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Asset Management and Professional Fees<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">US$20.0<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">US$21.0<\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">Building Acquisitions<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">US$10.0<\/span><\/p>\n<\/td>\n<td class=\"prngen9\">\n<p class=\"prnews_p\"><span class=\"prnews_span\">US$20.0<\/span><\/p>\n<\/td>\n<td class=\"prngen7\"><\/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, January 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=2700324-1&amp;h=3892836228&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 Events. <\/li>\n<li>Dial in: +1 877 256 7020 or +1 973 409 9692 and enter Passcode 7253787.<\/li>\n<\/ul>\n<p>A telephonic replay will be available January 23\u2013January 30 at +1 855 859 2056 from the U.S. and <span class=\"xn-location\">Canada<\/span> or at +1 404 537 3406 from all other countries using conference code 7253787. 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\">December 31, 2019<\/span>, FIBRA Prologis was comprised of 191 logistics and manufacturing facilities in six industrial markets in <span class=\"xn-location\">Mexico<\/span> totaling 34.9 million square feet (3.2 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, and (ix) those additional factors discussed in reports filed with the &#8220;Comisi\u00f3n Nacional Bancaria y de Valores&#8221; and\u00a0the 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_dvprnejpg5a20left\" style=\"WIDTH: 100%; TEXT-ALIGN: left\" dir=\"ltr\"><img decoding=\"async\" id=\"prnejpg5a20left\" title=\" \" style=\"HEIGHT: 105px; WIDTH: 400px\" 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=2700324-1&amp;h=2640988561&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>SOURCE  FIBRA Prologis<\/p>\n<\/div>\n<p> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">MEXICO CITY<\/span>, <span class=\"xn-chron\">Jan. 22, 2020<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; FIBRA 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 fourth quarter and full year 2019. <\/p>\n<p><b>HIGHLIGHTS FROM THE YEAR: <\/b><\/p>\n<ul type=\"disc\">\n<li>Period-end occupancy was 97.6 percent. <\/li>\n<li>Net effective rents on rollover increased 11.0 percent. <\/li>\n<li>Weighted average customer retention was 88.7 percent&#8230;.<br \/>\n","protected":false},"author":1,"featured_media":74048,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-74047","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-negocios-y-finanzas"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/74047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=74047"}],"version-history":[{"count":0,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/74047\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media\/74048"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=74047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=74047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=74047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}