PrologisNYSE: PLD

MEXICO CITY, Oct. 30, 2024 /PRNewswire/ -- FIBRA Prologis (BMV:FIBRAPL 14), a top owner and operator of Class-A industrial properties in Mexico, has announced that its Manager, Prologis Property México, S.A. de C.V., will lower its Asset Management Fee. The new fee structure will be based on the fair market value of the portfolio, with changes effective from January 1, 2025. An amendment to the Management Agreement will be made to confirm this adjustment.

MEXICO CITY, Oct. 29, 2024 /PRNewswire/ -- FIBRA Prologis (BMV:FIBRAPL 14), a top owner and manager of Class-A industrial properties in Mexico, has announced its results for the third quarter of 2024. KEY POINTS FROM THE QUARTER: The net effective rents during lease renewals were 56.2 percent.

MEXICO CITY, Oct. 21, 2024 /PRNewswire/ -- FIBRA Prologis (BMV:FIBRAPL 14), a top owner and manager of Class-A industrial properties in Mexico, announced a cash distribution of Ps. 1,083.7 million (US$54.2 million) today.

MEXICO CITY, Oct. 21, 2024 /PRNewswire/ -- FIBRA Prologis (BMV: FIBRAPL 14), a top owner and manager of Class-A logistics properties in Mexico, will hold a webcast and conference call with its senior management. They will talk about the results for the third quarter, the current market situation, and future expectations on Wednesday, October 30, at 9:00 a.m. Mexico Time.

Prologis stands out in popular markets such as Southern California and Chicago, benefiting from strong tenants like Amazon and Walmart. Although it lacks a competitive advantage, Prologis uses its prime locations and potential for rent increases to achieve growth, surpassing the S&P 500 and other REITs. With a high occupancy rate of 96.2% and solid dividend growth, the company shows its strength and appeal for long-term investors.

Prologis' fast-growing earnings suggest that it will likely keep raising its dividend quickly. This positive trend indicates strong financial health for the company. Overall, it looks promising for investors.

Prologis, Inc. (NYSE:PLD) will hold its Q3 2024 Earnings Conference Call on October 16, 2024, at 12:00 PM ET. The call will feature company representatives including Justin Meng, Tim Arndt, Dan Letter, and Chris Caton, along with various participants from financial institutions. Currently, all attendees are in listen-only mode.

PLD's funds from operations for the third quarter exceeded expectations, thanks to increased rental income and strong leasing activity. However, the high interest costs are a worry.

Prologis (PLD) saw its shares rise on Wednesday after the leading industrial real estate company reported results that exceeded expectations and provided strong guidance based on impressive funds from operations (FFO).