MEXICO CITY, July 28, 2016 /PRNewswire/ -- FIBRA Prologis
(BMV: FIBRAPL 14), Mexico's
leading owner and operator of Class-A industrial real estate, today
declared a cash distribution of Ps. 324.5 million (US$ 17.4 million), or Ps. 0.5115 per Certificado
Bursátil Fiduciario Inmobiliario ("CBFI") (US$ 0.0275 per CBFI) related to the results of
the quarter ending June 30, 2016.
The cash distribution is comprised of the following:
|
Total
Amount (in
million)
|
Amount per
CBFI
|
|
Ps.
|
US$
|
Ps. /
CBFI
|
US$ /
CBFI
|
Capital
redemption
|
Ps. 257.3
|
US$ 13.8
|
Ps. 0.4055
|
US$ 0.0218
|
Dividend, net of tax,
derived from capital gains on the sale of real estate
|
Ps.
67.3
|
US$
3.6
|
Ps. 0.1060
|
US$ 0.0057
|
Total cash
distribution
|
Ps.
324.5
|
US$
17.4
|
Ps.
0.5115
|
US$
0.0275
|
FIBRA Prologis paid income taxes of Ps. 28.8 million
(US$1.5 million) or Ps. 0.0454 per
CBFI (US$0.0024 per CBFI) related to
capital gains that resulted from the sale of assets on December 2015 and May
2016.
The distribution is payable August 5,
2016 to CBFI holders with an ex-dividend date of
August 2, 2016 and a record date of
August 4, 2016.
ABOUT FIBRA PROLOGIS
FIBRA Prologis is the
leading owner and operator of Class-A industrial real estate in
Mexico. As of June 30, 2016, FIBRA Prologis was comprised of
190 logistics and manufacturing facilities in six industrial
markets in Mexico totaling 33.3
million square feet (3.1 million square meters) of gross leasable
area.
FORWARD-LOOKING STATEMENTS
The statements in
this release that are not historical facts are forward-looking
statements. These forward-looking statements are based on current
expectations, estimates and projections about the industry and
markets in which FIBRA Prologis operates, management's beliefs and
assumptions made by management. Such statements involve
uncertainties that could significantly impact FIBRA Prologis
financial results. Words such as "expects," "anticipates,"
"intends," "plans," "believes," "seeks," "estimates," variations of
such words and similar expressions are intended to identify such
forward-looking statements, which generally are not historical in
nature. All statements that address operating performance,
events or developments that we expect or anticipate will occur in
the future — including statements relating to rent and occupancy
growth, acquisition activity, development activity, disposition
activity, general conditions in the geographic areas where we
operate, our debt and financial position, are forward-looking
statements. These statements are not guarantees of future
performance and involve certain risks, uncertainties and
assumptions that are difficult to predict. Although we believe the
expectations reflected in any forward-looking statements are based
on reasonable assumptions, we can give no assurance that our
expectations will be attained and therefore, actual outcomes and
results may differ materially from what is expressed or forecasted
in such forward-looking statements. Some of the factors that may
affect outcomes and results include, but are not limited to: (i)
national, international, regional and local economic climates, (ii)
changes in financial markets, interest rates and foreign currency
exchange rates, (iii) increased or unanticipated competition for
our properties, (iv) risks associated with acquisitions,
dispositions and development of properties, (v) maintenance of real
estate investment trust ("FIBRA") status and tax structuring, (vi)
availability of financing and capital, the levels of debt that we
maintain and our credit ratings, (vii) risks related to our
investments (viii) environmental uncertainties, including risks of
natural disasters, and (ix) those additional factors discussed in
reports filed with the "Comisión Nacional Bancaria y de Valores"
and the Mexican Stock Exchange by FIBRA Prologis under the
heading "Risk Factors." FIBRA Prologis undertakes no duty to update
any forward-looking statements appearing in this release.
Non-Solicitation - Any securities discussed herein or in the
accompanying presentations, if any, have not been registered under
the Securities Act of 1933 or the securities laws of any state and
may not be offered or sold in the United
States absent registration or an applicable exemption from
the registration requirements under the Securities Act and any
applicable state securities laws. Any such announcement does not
constitute an offer to sell or the solicitation of an offer to buy
the securities discussed herein or in the presentations, if and as
applicable.
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SOURCE FIBRA Prologis