Investor Relations - Prologis Essential Solutions
Investor Presentation
Strong Financial Position
BBB+/BBB+/BBB rated by S&P/HR Ratings/Fitch¹
DEBT METRICS
Total debt
Wtd avg rate
4Q2023
$917M
4.0%
DEBT MATURITY SCHEDULE
(USD$ in millions)
FIBRA
PROLOGIS
Unsecured Debt
Secured Debt
USD denominated
100%
Wtd avg term
6.5 yrs
$172
Available liquidity USD²
$697 M
$150
$125
$125
$125
Fixed debt
100%
$100
$80
Net Debt to Adj. EBITDA
2.8x
$25
$15
BOND DEBT COVENANTS
(RATIOS)
Bond Metrics
4Q23
(I & II)
2023
'26
'28
'29 '30 '31 '32 '33
'36
2039
...
Leverage ratio
18.6%
<60%
Cash
Interest
Rate: (%)
4.9
4.1
3.2
4.1
3.7
4.1
3.5
-
3.8
3.9
Secured debt leverage
3.5%
<40%
4Q23
Internal
limit
4Q23
Internal
limit
Fixed charge coverage
6.9x
>1.5x
LTV FMV
13.8%
35%
LTV GAV
20.6%
40%
Leverage according CNBV
17.7%
<50%
Data as of December 31, 2023.
1. A securities rating is not a recommendation to buy, sell or hold securities and is subject to revision or withdrawal at any time by the rating agency
2. Liquidity is comprised of US$197M of cash, US$400M undrawn from unsecured credit facility including accordion feature for additional US$100M.
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