Fibra Prologis to Grow Its Portfolio Almost 10% by 2026

Fibra Prologis forecasts a 9.7% growth in its gross leasable area by 2026, reaching 44.2 million square feet.

Fibra Prologis: Solid growth and high occupancy drive positive results. Photo: Prologis

12/03/2021

With the acquisition of ongoing development projects, Fibra Prologis will experience a 9.7% growth in its gross leasable area by 2026, reaching a total of 44.2 million square feet, compared to the reported 40.3 million at the end of the third quarter of this year.

Credit rating agency HR Rating has estimated these figures in a report reaffirming the "AAA" credit ratings for the industrial real estate investment trust (FIBRA), with a "Stable" outlook. "The ratings reaffirmation for Fibra Prologis is based on its operational stability, reflected in the generation of free cash flow and a stable margin in its net operating income (NOI)," explains the rating agency in its analysis.

According to these projections, the real estate company's cash flow is expected to grow at an average annual growth rate of 3.2%, reaching 3.309 billion pesos by 2026. In comparison, it was 2.809 billion pesos in 2020.

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