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Prologis Property Mexico, S.A. de C.V. (FBBPF)
:FBBPF
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Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
0.18Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: -17.70%
|Next Earnings Date:Jul 19, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive and negative aspects. While the successful acquisition of Terrafina and continued high occupancy and leasing activity were notable achievements, challenges such as declining tenant urgency, headwinds in Northern markets, and lower than expected market rent growth impacted the overall sentiment. Additionally, the decline in FFO suggests financial pressures. However, the company's strategic moves, such as asset recycling and ESG achievements, suggest a proactive approach to addressing these challenges.Company Guidance
During the FIBRA Prologis Q3 2024 earnings call, executives provided guidance emphasizing strategic actions and market metrics. Hector Ibarzábal, CEO, highlighted the successful acquisition of a 77% stake in FIBRA Terrafina, with plans for asset recycling starting early next year to enhance market participation across six key markets. The portfolio occupancy remained high, with FIBRA Prologis at over 98% and the Terrafina portfolio at 95%. Rent changes on rollovers were impressive at 56%. Despite a 30 basis point increase in overall vacancy, now at 3%, market rents rose by 1%, slightly below expectations, leading to an adjusted market rent growth expectation for 2024 in the mid-single digits. CFO Jorge Girault noted an 11.5% decline in FFO per certificate and a 13% increase in AFFO, influenced by acquisition-related expenses and a 35% increase in CBFI. The company maintains a strong balance sheet, with a total capacity of around $1.5 billion to reach a 35% loan-to-value ratio. For the remainder of 2024, same-store cash NOI growth is expected to range between 8.5% and 9.5%, with full-year FFO per certificate projected between USD 0.19 and USD 0.195.Successful Acquisition of FIBRA Terrafina
FIBRA Prologis closed on the acquisition of 77% of FIBRA Terrafina's outstanding certificates, marking the company's most important transaction to date.
High Occupancy Rates
Occupancy in FIBRA Prologis' portfolio remains strong at above 98%, with the Terrafina portfolio at 95%.
Strong Leasing Activity
Leasing activity was robust at 9.5 million square feet for the quarter, with an impressive rent change on rollover of 56%.
Positive Market Trends in Key Markets
Markets like Guadalajara and Tijuana showed strong demand with vacancy rates decreasing to 1.3% and 2.5%, respectively.
ESG Achievements
FIBRA Prologis was awarded sector leader by GRESB and achieved three new green certifications, reaching 88% of its portfolio.
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Prologis Property Mexico, S.A. de C.V. (FBBPF) Earnings, Revenues Date & History
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
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FBBPF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $3.39 | $3.28 | -3.24% |
| Jul 17, 2024 | $3.60 | $3.45 | -4.17% |
| Apr 18, 2024 | $3.84 | $3.92 | +2.08% |
| Jan 17, 2024 | $4.13 | $4.10 | -0.73% |
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.
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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 23, 2025, TBA Not 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 23, 2025, TBA Not 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?
Currently, no data Available
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