MEXICO CITY, April 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 first quarter 2024. HIGHLIGHTS FROM THE QUARTER: Net effective rents on rollover were 47.7 percent. Period-end and average occupancy were 99.6 and 99.4 percent, respectively. Customer retention was 75.4 percent. Same store cash NOI was 12.3 percent. 10 buildings generating solar energy. Net earnings per CBFI was Ps. 6.1383 (US$0.3505) for the quarter compared with Ps. 1.0444 (US$0.0548) for the same period in 2023. Funds from operations (FFO), as modified by FIBRA Prologis per CBFI, was Ps. 0.8416 (US$0.0492) for the quarter compared with Ps. 0.9044 (US$0.0474) for the same period in 2023. SOLID OPERATING RESULTS "FIBRA Prologis had an excellent start to 2024, we continue to see outstanding operational and financial results," said Héctor Ibarzabal, CEO of FIBRA Prologis. "Market conditions remain strong and favorable with demand for logistics real estate holding steady across our six markets." Operating Portfolio 1Q24 1Q23 Notes Period End Occupancy  99.6 % 98.4 % Five of our markets are above 99%. Average Occupancy 99.4 % 98.4 % Leases Commenced 1.2 MSF 1.4 MSF Activity primarily concentrated in Juarez, Monterrey, and Reynosa. Customer Retention 75.4 % 84.1 % Net Effective Rent ...