Fibra Uno Announces First Quarter 2023 Results

FIBRA UNO POSTS RECORD NOI OF $5 BILLION PESOS FOR THE 1Q23

• Total revenues increased 2.3% QoQ to Ps. 6,377.6 million, for a 9.2% annualized growth.
• Retail revenues increased 11.0% QoQ, mainly driven by occupancy gains and revenue contributions from Mitikah’s shopping mall.
• NOI increased 2.6% QoQ to Ps. 5,000.1 million, as the NOI margin over rental revenues reached 86.5%.
• Sustainability-linked bonds FUNO 23-L and FUNO 23-2L issued for Ps. 6,700 million.
• Prepayment of FUNO-18 bond for Ps. 5,400 million.
• Prepayment of bilateral credit lines for Ps. 1,600 million.
• Distribution per CBFI⁽²⁾ was Ps. 0.3891, on a quarterly FFO payout of 66.2% and corresponds to fiscal result.
• Consolidated portfolio occupancy closed at 93.8%.
• Office segment’s occupancy rate increased 90 bps QoQ, closing at ~78%; in line with our expectation to reach 80% by the end of 2023.
• +1,560 and +900 basis-point increases in MXP contract renewals in the industrial and retail segments, respectively.

• Total revenues increased 9.0% YoY.
• NOI per CBFI⁽¹⁾ increased 8.5% YoY.
• Total portfolio’s occupancy rate increased 120 bps YoY.
• Office segment’s occupancy rate increased 290 bps YoY.
• Despite asset sales during 2022, FUNO´s GLA grew 0.6% or 752 thousand sqft YoY, reaching 118 million sqft.
• NOI margin over rents remained above 86%.

(1) Calculated with estimated CFBIs at distribution day.

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

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