FIBRA UNO POSTS 7.4% AFFO GROWTH YoY
Mexico City, Mexico, April 29, 2026 – 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 2026.
First Quarter 2026 Highlights
- First quarter where the effect of the internalization is reflected.
- Total revenue increased by Ps. $133.7 million or 1.7% QoQ, to reach Ps. $8,007.2 million, despite the exit of Samara, Midtown Jalisco, Montes Urales, and 8 properties from the Memorial portfolio.
- Sale of 8 properties equivalent to 207,872 sqft. from the Memorial portfolio for Ps. $454.0 million at 1.22x book value and an IRR of 23%
- Distribution per CBFI(1) was Ps. 0.6200, with a quarterly AFFO payout of 92.3%, fully attributable to the fiscal result.
- Exit of 2.8 million sqft. related to the internalization of the advisor, addition of 805 thousand sqft. related to some expansions, and the acquisition of Calopark by Fibra NEXT.
- Consolidated portfolio occupancy increased 20 bps QoQ, closing at 95.7%.
- +2,370 bps increase in MXN-denominated contract renewals in the office segment, +1,350 bps in the industrial segment, +720 bps in the retail segment, and +530 bps in the “Others” segment.
- +1,470 bps increase in USD-denominated contract renewals in the industrial segment, and +120 bps increase in the retail segment.
Compared to First Quarter 2025 Highlights
- Total revenues increased Ps. $402.4 million or 5.3% YoY.
- NOI grew Ps. $276.0 million or 4.9% YoY.
- AFFO grew Ps. $176.1 million or 7.4% YoY.
- Distribution grew by 11.7% YoY.
- Total portfolio occupancy rate remained above 95.0%, considered a stable occupancy level.
- 10.8% or 12.9 million sqft increase in GLA, primarily related to the consolidation of Fibra NEXT. This growth was partially offset by the sale of properties from the Memorial portfolio, and the exit of properties used as payment in the advisor’s internalization.
(1) Calculated with CFBIs eligible for distribution at distribution day.
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