Fibra Uno Announces Third Quarter 2021 Results

funo
FIBRA UNO DELIVERS STRONG NOI GROWTH OF 27.8%
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

Share our news:

Share on linkedin
LinkedIn
Share on twitter
Twitter
Share on whatsapp
WhatsApp
Share on email
Email

Latest News

TRAXIÓN DAY 2022

Dear Investment Professional, TRAXIÓN Cordially invites you to its TRAXIÓN DAY 2022. The event will be hosted on a virtual format on June 9, 2022

Read More »

Miranda Partners Expands to Colombia

Mexico City, May 16, 2022.- Miranda Partners, a corporate communications consultancy based in Mexico City, announces the opening of its offices in Bogota, Colombia, under the leadership of Felipe Ortegón Romero, a consultant and strategic communications advisor. Ortegón is an Organizational Communication Management specialist with over 15 years of experience leading press, public relations, crisis, and corporate reputation offices at more than 20 companies, including startups, fintechs, and universities.

Read More »