FIBRA UNO’S TOTAL REVENUES INCREASED 11.0% VS 3Q23 AND ITS TOTAL PORTFOLIO OCCUPANCY REACHED 95.3%
Mexico City, Mexico, October 29th, 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 third quarter of 2024.
3Q24 Highlights
Third Quarter 2024 Highlights
Total revenues increased Ps. 348.5 million or 5.1% QoQ.
NOI of Ps. 5,412.5 million, as the NOI margin over rental revenues
reached 83.6%.
Distribution per CBFI(1) was Ps. 0.5250 per CBFI(1), with a quarterly FFO payout of 87.9%, attributable to 90% capital reimbursement.
The acquisition of Helios CKD for Ps. 7 billion was formalized.
Consolidated portfolio occupancy closed at 95.3%, an increase of 10 bps vs the previous quarter.
The office segment ́s occupancy grew 70 bps QoQ, closing at 83.5%; it ́s highest level since the pandemic began.
+900 basis-point increase in MXP-denominated contract renewals in the industrial segment, +800 bps in the retail segment, and +490 bps in the office segment.
+1,560 basis-point increase in USD-denominated contract renewals in the industrial segment, and +750 bps in the retail segment.
Compared to Third Quarter 2023 Highlights
Total revenues increased Ps. 712.3 million or 11.0% YoY.
NOI grew Ps. 382.3 million or 7.6% YoY.
NOI per CBFI(2) increased 7.4% YoY.
NOI growth of 40.5% compared to pre-pandemic(3) level.
Total portfolio occupancy rate increased by 130 bps YoY, surpassing pre-pandemic level.
Office segment ́s occupancy rate increased by 390 bps YoY, reaching 83.5%.
Retail segment ́s occupancy rate increased 200 bps YoY, reaching 92.7%.
648 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.
(3) 9 months As of 3Q19 vs 9 months As of 3Q24.
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