FIBRA UNO’S TOTAL REVENUES INCREASED 7% VS 1Q23
Mexico City, Mexico, April 24th, 2024 – Fibra Uno (BMV: FUNO11) (“FUNO” or “Fideicomiso Fibra Uno”), the first and largest Real Estate Investment Trust in Mexico and Latin America, announces its results for the first quarter of 2024.
1Q24 Highlights
First Quarter 2024 Highlights
- Total revenues increased Ps. $40.8 million QoQ to Ps. $ 6,823.8 million, despite Peso-Dollar exchange rate appreciation and its effect on USD revenues.
- NOI increased 1.5% QoQ to Ps. $5,186.7 million, as the NOI margin over rental revenues reached 84.2%.
- Distribution per CBFI(1) was Ps. $ 0.4030 per CBFI(1), on a quarterly FFO payout of 68.8%, corresponding to the fiscal result.
- Consolidated portfolio occupancy closed at 95.0%, remaining stable vs the previous quarter.
- The retail segment’s occupancy grew 40 bps QoQ, closing at 92.2%.
- +1,250 basis-point increase in MXP-denominated contract renewals in the industrial segment,+990 bps in the “Others” segment, +790 bps in the retail segment, and +260 bps in the office segment.
- +960 basis-point increase in USD-denominated contract renewals in the retail segment, and +840 bps in the industrial segment.
Compared to First Quarter 2023 Highlights
- Total revenues increased 7.0% YoY despite FX appreciation and its effect on USD revenues.
- NOI per CBFI(2) increased 3.9% YoY.
- Total portfolio occupancy rate increased by 120 bps YoY.
- Office segment’s occupancy rate increased by 390 bps YoY, reaching 81.6%.
- Retail segment’s occupancy rate increased by 190 bps YoY, reaching 92.2%.
- 849 thousand sqft increase in GLA (Gross Leasable Area).
(1) Calculated with estimated CFBIs at distribution day.
(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
E-mail: investor@fibrauno.mx
Damian Fraser
Miranda IR
Phone: +52 55-5402-1295