Fibra Uno Announces 4Q24 Results

FIBRA UNO’S FFO PER CBFI GREW 10.1% QoQ

Mexico City, Mexico, February 26, 2025 – 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 fourth quarter of 2024.

4Q24 Highlights

Fourth Quarter 2024 Highlights

Total revenues increased Ps. 368.1 million or 5.1% QoQ.

NOI of Ps. 5,577.1 million, as the NOI margin over rental revenues reached 81.5%.
Distribution per CBFI⁽¹⁾ was Ps. 0.5513 per CBFI⁽¹⁾, with a quarterly FFO payout of 83.7%, attributable to 89.1% capital reimbursement.
Consolidated portfolio occupancy closed at 95.6%, an increase of 30 bps vs the previous quarter.
The retail segment’s occupancy grew 100 pbs QoQ, closing at 93.7%, while the office segment’s occupancy grew 20 bps QoQ, closing at 83.7%; both at their highest level since the pandemic began.
+1,670 basis-point increase in MXP-denominated contract renewals in the industrial segment, +830 bps in the retail segment, and +290 bps in the office segment.
+1,440 basis-point increase in USD-denominated contract renewals in the industrial segment, +530 basis-point in the office segment, and +470 basis-point in the retail segment.

Compared to Fourth Quarter 2023 Highlights

Total revenues increased Ps. 745.5 million or 11.0% YoY.
NOI grew Ps. 465.9 million or 9.1% YoY.
FFO per CBFI⁽²⁾ increased 8.6% YoY.
NOI per CBFI growth of 42.7% compared to pre-pandemic⁽³⁾ level.
Total portfolio occupancy rate increased by 60 bps YoY.
Office segment’s occupancy rate increased by 200 bps YoY, reaching 83.7%.
Retail segment’s occupancy rate increased 190 bps YoY, reaching 93.7%.
784 thousand sqft increase in GLA (Gross Leasable Area).