Fibra Uno Announces First Quarter 2022 Results

FIBRA UNO DELIVERS SOLID YoY FFO PER CBFI GROWTH OF 17.6%

• Total revenue, after COVID-19 related supports, increased 0.5% QoQ to Ps. 5,849.4 million, record high income generation since IPO.
• Due to the results shown in recent months, we consider that we have overcome the pandemic and decided to conclude the credit notes and/or reserves generation related to COVID-19 pandemic.
• NOI increased 0.3% QoQ to Ps. 4,616.0 million, as the NOI margin over rents reached 88.5%.
• Distribution per CBFI⁽¹⁾ was Ps. 0.5049 on a quarterly FFO payout of 80%.
• Total portfolio occupancy closed at 92.6%, 40 bps above 4Q21.
• 20,999,999 CBFIs were repurchased.
• Closure of a strategic alliance with AXA Seguros for the mixed used project of Portal Norte in Satélite.
• Delivery of 392,613 sqft related to the Tijuana Pacífico II, Tijuana Alamar VII and Tultitlán II expansions, as well as a partial delivery of Tepozpark/La Teja’s phase 3.
• FUNO’s GLA grew 0.3% QoQ, reaching 117.5 million sqft.
• Renewed contracts in pesos increased 630 bps in retail and 870 bps in industrial.

• Total revenues after COVID-19 related supports increased 8.9% YoY.
• NOI increased 9.4% YoY.
• NOI margin over rents remained above 85%.
• NOI/CBFI⁽²⁾ increased 11.1% YoY.
• FFO increased Ps. 325.9 million or 15.8% YoY.
• FFO per CBFI increased 17.6%; equivalent to an FFO/CBFI of Ps. 0.6303.
• During 2021 and the first quarter of 2022, we have repurchased 96,674,417 CBFIs or 2.6% of outstanding CBFIs.
• FUNO’s GLA grew 1.1% YoY, reaching 117.5 million sqft.
• Completion of phase I, II and a partial delivery of phase III at Tepozpark/La Teja development, adding up to approximately 2.2 million sqft.

(1) Calculated with CFBIs outstanding at the end of the period.

(2) Calculated with the average CBFIs of the period.  

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