MEXICO CITY - FIBRA Prologis (NYSE:PLD) (BMV:FIBRAPL 14), a prominent operator of Class-A industrial properties in Mexico, has announced a substantial distribution to its Certificado Bursátil Fiduciario Inmobiliario (CBFI) holders. The distribution consists of a cash payment of approximately $41.0 million, or $0.0355 per CBFI, alongside a distribution in kind of 22,556,562 CBFIs valued at around $95.7 million, based on the average CBFI price over the last 60 trading days.
CBFI holders on record as of January 31, 2024, will be eligible for the distribution, which is scheduled for payment on February 1, 2024. The ex-dividend date is set for January 30, 2024.
This move reflects the company's December 2023 financial results and adheres to the Mexican Income Tax Law's Article 187, section VI, and Article 188, section IX. The total fiscal result distributed, subject to applicable withholding, amounts to approximately 2.36 billion pesos (around $136.7 million), with a per CBFI value of 2.0428 pesos.
FIBRA Prologis is known for its extensive portfolio, which as of December 31, 2023, included 235 logistics and manufacturing facilities across six industrial markets in Mexico, encompassing nearly 46.9 million square feet of gross leasable area.
The company's press release also contained forward-looking statements regarding its expectations for future operating performance, market conditions, and financial strategies. These projections are based on current market assessments and are subject to risks and uncertainties that could impact the company's financial outcomes. FIBRA Prologis has cautioned that actual results may differ materially from these forecasts due to various factors, including economic climates, market changes, and competitive pressures.
This distribution announcement is based on a press release statement and does not constitute a solicitation of an offer to buy or sell securities.
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