Fibra Uno Announces Third Quarter 2021 Results

YoY AND 15.4% vs 3Q19


Mexico City, Mexico, October 27th, 2021 – Fibra Uno (BMV: FUNO11) (“FUNO” o “Fideicomiso Fibra Uno”), the first and largest Real Estate Investment Trust in Mexico and Latin America announces its results for the third quarter of 2021.


3Q21 Highlights

Third Quarter 2021
  • Total revenues after COVID-19 related supports increased 2.1% QoQ to Ps. 5,395.6 million, exceeding pre-pandemic income levels for the third consecutive quarter.
  • NOI increased 2.7% QoQ to Ps. 4,356.1 million, as NOI margin over rents reached 89%.
  • FFO increased 1.9% QoQ to Ps. 2,221.8 million.
  • On a quarterly AFFO payout of 63.3%, distribution per CBFI was Ps. 0.3700.
  • Retained cash of Ps. 0.2146 per CBFI or Ps. 815.8 million.
  • Total portfolio occupancy closed at 92.0% vs 91.8% in the previous quarter.
  • Leasing spreads vs. peso inflation were 340 bps in industrial assets, 20 bps in retail assets, and -530 bps in office assets.
  • NAV/CBFI(1) =Ps. 44.41
Compared to Third Quarter 2020
  • Total revenues after COVID-19 related supports increased 19.0% YoY.
  • NOI increased 27.8% YoY.
  • NOI margin over rents remained above 80%.
  • NOI/CBFI(2) increased 31.5% YoY.
  • FFO increased Ps. 1,075.5 million or 93.8%.
  • FFO per CBFI increased 99.5%; equivalent to Ps. 0.5846 per CBFI.
  • In the last twelve months we have repurchased 98,974,603 CBFIs or 2.6% of the outstanding CBFIs at the end of the quarter.
  • We continue to adhere to a distribution policy similar in yield to the previous quarter in terms of payout.
  • FUNO’s GLA grew 2.8% YoY, reaching 10.8 million square meters.
  • In the past 12 months, we completed the development of Phase I Tepozpark/La Teja, adding up to approximately 123 thousand sqm.
(1) Calculated with CFBIs outstanding at the end of the period.
(2) Calculated with the average CBFIs of the period.  


Miranda Newswire – Full Press Release: Download PDF


Investor Relations Contact Details

Jorge Pigeon
VP Investor Relations
Phone: +52 55-41-70-70-70
Marimar Torreblanca
Miranda IR
Phone: +52 55-5282-2992

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