Fibra Uno Announces 1Q20 Results

Fibra Uno delivers solid YoY growth of 12.3% in Total Revenues, 13.4% in NOI, and 12.3% in NOI per CBFI.

Highlights 1Q20

First Quarter 2020

  • Total revenues grew 1.5% sequentially to Ps. 5,169.2 million. 
  • NOI grew 3.4% QoQ to Ps. 4,160.1 million as NOI margin over rents reached a 89.7% level. 
  • AFFO quarterly payout will be 50% 
  • Stable portfolio ́s occupancy at 94.5%. 
  • Two properties from the development portfolio were finished: La Isla Cancún II and La Viga. 
  • GLA grew 1.1% QoQ reaching 10.2 million square meters. 
  • Leasing spreads were 9.3% in industrial, 5.6% in retail and 4.6% in office (vs. peso inflation). 
  • NAV/CBFI(1) =Ps. $38.03

 

Compared to First Quarter 2019

  • Total revenues increased 12.3% YoY, reaching Ps. 5,169.2 million. 
  • NOI increased 13.4% to Ps. 4,160.1 million. 
  • NOI margin over rents remained above 89%. 
  • NOI/CBFI(1) increased 12.3% YoY. 
  • FUNO ́s GLA grew 18.0%, reaching 10.2 million square meters. 
  • Rental price per square meter YoY growth in constant properties was 770 bps above the annual weighted average inflation. 
  • Completion of five properties that were under development: Guanajuato, Mariano Escobedo, Torre M, La Viga and La Isla Cancun II. 

 

Miranda Newswire – Full Press Release: Download PDF

 

Investor Relations Contact Details

Jorge Pigeon, VP Investor Relations

Tel: +52-55-41-70-70-70

E-mail: investor@fibrauno.mx

Website: https://en.funo.mx/investors  

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