FIBRA UNO DELIVERS SOLID YoY NOI, AFFO AND DISTRIBUTION PER CBFI GROWTH OF 10.4%,13.8% AND 52.9% RESPECTIVELY
Mexico City, Mexico, October 26th, 2022 – Fibra Uno (BMV: FUNO11) (“FUNO” o “Fideicomiso Fibra Uno”), the first and largest Real Estate Investment Trust in Mexico and Latin America announces its results for the third quarter of 2022.
3Q22 Highlights
Third Quarter 2022
- Total revenues increased 3.7% QoQ to Ps. 6,018.4 million. This was equivalent to a 14.8% annualized growth.
- NOI increased 5.2% QoQ to Ps. 4,785.0 million, as the NOI margin over rents reached 88.3%.
- Sale of 187.5 thousand sqft occupied at 91%, which corresponds to 23 properties from our Azul and Rojo portfolios. There were bank branches and stand-alone properties from the office and “others” segments. The sale was for Ps. 608.4 million at 1.31x NAV, equivalent to Us. 161.9 per sqft and a Cap Rate of 7.2%.
- Ps. 97.2 million profit from in-kind collection of past-due rents.
- Distribution per CBFI(1) was Ps. 0.5659, on a quarterly AFFO payout of 85%.
- 22,381,893 CBFIs were repurchased.
- Completion and delivery of 1.1 million sqft related to Mitikah´s shopping center.
- Delivery of 720 thousand sqft related to Cuautipark III (Tajuelos III); completing last pending property from Hercules portfolio.
- FUNO´s GLA grew 1.6% QoQ, reaching 120.7 million sqft.
Compared to Third Quarter 2021
- Total revenues increased 11.8% YoY.
- NOI margin over rents remained above 85%.
- NOI/CBFI(2) increased 10.4% YoY.
- AFFO per CBFI increased 13.8%; equivalent to an AFFO/CBFI of Ps. 0.0805.
- Distribution per CBFI grew 52.9%.
- In the last twelve months, we have repurchased 52,807,968 CBFIS equivalent to 1.4% of outstanding CBFIs.
- Debt prepayment: FUNO-18 bonds for Ps. 147.3 million and senior notes 2050 for a value of Us. 50.6 million.
- FUNO´s GLA grew 3.8% or 4.4 million sqft YoY, reaching 120.7 million sqft.
- Completion of Mitikah´s phase I, equivalent to 3.1 million(3) sqft.
(1) Calculated with estimated CFBIs at distribution day.
(2) Calculated with the average CBFIs of the period.
(3) Including Centro Bancomer.
Miranda Newswire – Full Press Release: Download PDF
Investor Relations Contact Details
Jorge Pigeon
VP Investor Relations
Phone: +52 55-41-70-70-70
E-mail: investor@fibrauno.mx
Damian Fraser
Miranda IR
Phone: +52 55-5402-1295