Fibra Uno Announces 2Q24 Results

FIBRA UNO’S TOTAL REVENUES INCREASED 7.4% VS 2Q23 AND ITS TOTAL PORTFOLIO OCCUPANCY REACHED 95.2%

Mexico City, Mexico, July 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 second quarter of 2024.

2Q24 Highlights

Second Quarter 2024 Highlights

Total revenues increased 1.4% QoQ. After including the support granted to tenants affected by Hurricane Otis, total revenues decreased by 0.2%, reaching Ps. 6,812.0 million.
NOI of Ps. 5,119.8 million, as the NOI margin over rental revenues reached 83.6%.
Distribution per CBFI⁽¹⁾ was Ps. 0.5190 per CBFI⁽¹⁾, with a quarterly FFO payout of 90.6%, corresponding to the fiscal result.
Consolidated portfolio occupancy closed at 95.2%, an increase of 20 bps vs the previous quarter.
The office segment’s occupancy grew 120 bps QoQ, closing at 82.8%; it ́s highest level since the pandemic began.
The retail segment’s occupancy grew 40 bps QoQ, closing at 92.6%.
+1,190 basis-point increase in MXP-denominated contract renewals in the industrial segment, +790 bps in the retail segment, +470 bps in the “Others” segment, and +290 bps in the office segment.
+1,160 basis-point increase in USD-denominated contract renewals in the industrial segment, and +970 bps in the retail segment.

Compared to Second Quarter 2023 Highlights

Total revenues increased 7.4% YoY. After including the support granted to tenants affected by Hurricane Otis, total revenues increased by 5.6%.
NOI per CBFI⁽²⁾ increased Ps. 96.2 million YoY or 1.9%.
Total portfolio occupancy rate increased by 140 bps YoY.
Office segment’s occupancy rate increased by 480 bps YoY, reaching 82.8%.
Retail segment’s occupancy rate increased 200 bps YoY, reaching 92.6%.
553.2 thousand sqft increase in GLA (Gross Leasable Area).