MEXICO CITY, July 17, 2024 /PRNewswire/ -- FIBRA Prologis (BMV:FIBRAPL), a leading owner and operator of Class-A industrial real estate in Mexico, today reported results for the second quarter 2024. HIGHLIGHTS FROM THE QUARTER: Net effective rents on rollover were 58.1 percent. Period-end and average occupancy were 98.4 and 98.6 percent, respectively. Customer retention was 65.8 percent. Same store cash NOI was 11.9 percent. Net earnings per CBFI was Ps. 0.7770 (US$0.0470) for the quarter compared with Ps. 3.0949 (US$0.1687) for the same period in 2023. Funds from operations (FFO), as modified by FIBRA Prologis per CBFI, was Ps. 0.8112 (US$0.0485) for the quarter compared with Ps. 0.8048 (US$0.0445) for the same period in 2023. SOLID OPERATING RESULTS  "Today, we announced another strong quarter, with a new record in rent change.  Our operational results, supported by a strong balance sheet, reflect current market conditions, which we expect to remain favorable for the rest of the year," said Héctor Ibarzabal, CEO of FIBRA Prologis. Operating Portfolio 2Q24 2Q23 Notes Period End Occupancy  98.4 % 98.0 % Four of our markets are above 99%. Average Occupancy 98.6 % 98.1 % Leases Commenced 1.3 MSF 1.4 MSF Activity primarily concentrated in Mexico City, Monterrey, and Tijuana.