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